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What is cryptocurrency?

Everything you need to get started with cryptocurrency

You might have heard about Bitcoin, but there’s so much more to cryptocurrency than that. Our guides make learning about cryptocurrency easy – allowing you to buy, trade and store your cryptocurrency in as much time as it takes to set up a new bank account.

Get started with our A-Z of cryptocurrencies to learn more, or head straight to our exchanges guide to purchase and trade your favourites. Plus, don’t forget to check out our wallets guide to learn how to keep your crypto safe.

Where to buy and sell cryptocurrency in South Africa

Disclaimer: This information should not be interpreted as an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade.

Name Product Deposit methods Fiat Currencies Cryptocurrencies
Bybit Cryptocurrency Exchange
Bybit Cryptocurrency Exchange
Cryptocurrency, Simplex, Banxa, XanPool, MoonPay, Mercuryo, E-check, Legend Trading, Capitual
USD, AUD, CAD, EUR, GBP, NZD, HKD, JPY, SGD, PHP

245
cryptocurrencies

Cashback on deposits over US$1,000 + zero fees on spot trades. T&Cs apply.
Disclaimer: Highly volatile investment product. Your capital is at risk.
Buy, sell, trade and earn hundreds of cryptos on this full-featured global trading platform.
OKX Cryptocurrency Exchange
OKX Cryptocurrency Exchange
Bank transfer, Cryptocurrency, iDEAL, PayPal, POLi, SEPA, Faster Payments (FPS)
USD, CNY, EUR, ARS, AUD, BGN, BRL, CAD, CHF, COP

322
cryptocurrencies

Earn US$10 in BTC when you refer a friend and they purchase $100 of cryptocurrency. T&Cs apply.
Listing over 300 cryptocurrencies, OKX offers its users a variety of payment methods and coins to choose from.
Kraken Cryptocurrency Exchange
Finder Award
Kraken Cryptocurrency Exchange
Bank transfer, Apple Pay, Google Pay, SWIFT, Visa and Mastercard debit/credit card, ACH online banking, Digital Wallet purchases
USD, EUR, CAD, AUD, GBP, CHF, JPY, AED

214
cryptocurrencies

Buy, sell and trade a range of digital currencies on this high-liquidity exchange – suitable for beginners right through to advanced traders.
Binance Cryptocurrency Exchange
Bank transfer (ACH), Cryptocurrency
USD, AUD, GBP, EUR, RUB, TRY, NGN, UAH, PHP, CZK & 20+ more

344
cryptocurrencies

Trade an extensive range of reputable coins on this world-renowned exchange, popular for its high liquidity and multi-language support.
Easy Crypto Cryptocurrency Exchange
Bank transfer, POLi, Debit/credit cards, Account2Account
ZAR

136
cryptocurrencies

Easy Crypto is a simple way to buy and sell a range of cryptocurrencies, straight to and from your own crypto wallet.
KuCoin Cryptocurrency Exchange
KuCoin Cryptocurrency Exchange
Bank transfer, Cryptocurrency, PayPal, Debit/credit cards, Zelle
USD, EUR, GBP, RUB, CNY, AUD, KRW, JPY, TRY, VND

731
cryptocurrencies

Sign up and get up to US$10 in rewards. Make trades to get up to US$500 in rewards. T&Cs apply.
Browse a variety of coin offerings in one of the largest multi-cryptocurrency exchanges and pay in cryptocurrency.
Gate.io Cryptocurrency Exchange
Gate.io Cryptocurrency Exchange
Cryptocurrency
USD, EUR, GBP, HKD, SGD, AUD, CHF, MXN

1510
cryptocurrencies

Finder exclusive: New users get $90 worth of Gate.IO points and an airdrop of $5 in GateTokens if trade volume exceeds $100 in their first week. T&Cs apply.
A feature-rich exchange with over 1,450 tokens including derivatives, yield farming and lending products.
Kriptomat Cryptocurrency Exchange
Kriptomat Cryptocurrency Exchange
Credit card, Neteller, SOFORT, Skrill, SEPA
EUR, USD, GBP, BGN, HRK, CZK, HUF, PLN, SEK, TRY

332
cryptocurrencies

Finder Exclusive: Sign up with code FINDER15 and get EUR 15 in BTC the first time you spend over EUR 100. T&Cs apply.
Buy a large selection of cryptocurrencies instantly via credit card or bank account after registering. Store your crypto conveniently in Kriptomat's multi-currency wallet.
Gemini Cryptocurrency Exchange
Gemini Cryptocurrency Exchange
Bank transfer (ACH), Debit card, PayPal, Wire transfer, Apple Pay, Google Pay
USD, SGD, HKD, GBP, EUR, CAD, AUD, COP

132
cryptocurrencies

Get USD 25 in BTC when you trade USD 100 within 3 days of signing up. T&Cs apply.
Execute multiple trade types with no fees on cryptocurrency and wire transfer deposits on this exchange.
Bittrex Global
Bittrex Global
Bank transfer, Credit card, Cryptocurrency, Debit card
USD, EUR

334
cryptocurrencies

Buy from one of the largest cryptocurrency exchanges with a selection of over 190+ cryptocurrencies and 3 USD pairings.
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Learn how to get started with crypto

Cryptocurrency quick start

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cryptocurrencies

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45+

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What exactly is cryptocurrency?

Cryptocurrencies are digital tokens that have a value, just like a R10 note is a physical token that happens to have R10 worth of value.

The difference is that digital currencies are purely electronic. Just like a photograph on the Internet can be copied and replicated over and over again until the original is worthless, the same thing could happen to a coin.

In order for a cryptocurrency to have value, a coin needs to be unique and unreplicable. The Bitcoin blockchain was the innovation which made this possible.

How to get started

1. Choose a cryptocurrency

Altcoins

A lot of people start with Bitcoin or Ethereum before exchanging other cryptocurrencies.

Our coin guides cover some of the most commonly traded cryptocurrencies on the market today.

2. Find a cryptocurrency exchange

Cryptocurrency exchange

Find an exchange to buy cryptocurrency.

You’ll usually start by exchanging fiat currency (such as ZAR) to your chosen cryptocurrency. After that, you might trade cryptocurrency to cryptocurrency.

3. Store your cryptocurrency in a wallet

Cryptocurrency wallet

While you might store your cryptocurrency on an exchange, it’s generally more secure to use your own wallet.

Not all wallets can hold all cryptocurrencies. Check to see if your cryptocurrency is supported by your wallet.

How to get cryptocurrency

Getting your hands on cryptocurrency is easy enough. Most people use an online exchange, where they trade their rands for crypto. Then there are other ways, such as Bitcoin ATMs, peer-to-peer trading or even over-the-counter (OTC) desks for larger purchases.
Bitcoin mining
Buying isn’t the only way to get Bitcoin. Here’s the 101 on Bitcoin mining.
Bitcoin mining
If you’re looking to start making high volume cryptocurrency trades, check out our Bitcoin predictions for the next few months.

Coins and tokens

There are now well over 2,000 cryptocurrencies and tokens, which is a lot to get your head around. Thankfully we’ve done the hard work and written guides on some of the most popular ones, plus a range of articles to help you understand cryptocurrency more easily.
a-z cryptocurrencies
We list our guides to over 100 cryptocurrencies you should know about. Find out more about a coin or token, including where to buy or sell it.
Coins VS Tokens
Don’t know your tokens from your coins? Find out how they differ and why this matters.
blockchain link close up
Blockchain is much more than just Bitcoin. Find out how it works.
Bitcoin guide
Introduce yourself to the cryptocurrency that started it all, Bitcoin.
Ethereum
Learn more about the Ethereum network, where to buy and sell its Ether (ETH) token and how it works.
Ripple Guide
Take a closer look at Ripple’s global payments network, how XRP works and things to consider if you’re interested in buying XRP.

Cryptocurrency wallets and storage

Even though it is digital, cryptocurrency still needs to be kept somewhere safe. This can be achieved in a few different ways. You might store it in a digital wallet, use a specialised hardware wallet, or even leave it on a reputable and secure exchange that you trust. Check out these guides to help decide which is best for you.
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Cryptocurrency news and TV

Keep on top of the latest news about markets, prices, adoption, regulation and more with our news portals which offer articles, video and email content to suit your needs.
Crypto Finder TV
Crypto Finder TV is your one-stop shop for cryptocurrency news, interviews, how-tos and more.

Disclaimer: Cryptocurrencies are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the cryptocurrencies discussed.
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