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Best crypto exchanges in South Africa

Find the best crypto trading platform or app for low fees, beginners, trading features and more.

Exchanges are where you buy and sell cryptocurrencies, so they’re an integral part of the market. But no two are alike and it’s worth doing your research before picking one.

Learn more about the differences between exchanges and how to choose, or compare exchanges to see what’s out there.

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.

How to choose the best crypto exchange in South Africa

It's important to research a wide range of crypto platforms and compare the pros and cons of each option. The best crypto exchange for you depends on what you're looking for, so consider the following:

Using FSCA-registered exchanges to buy cryptocurrency

There are plenty of places to buy crypto, including platforms founded here in South Africa or based in locations all around the world. Exchanges headquartered locally are required to register with the FSCA and comply with requirements that don't apply to global platforms. Depending on your goals, this may have some benefits or drawbacks.

Pros
  • South Africa-based exchanges must comply with the FSCA's Anti-money Laundering (AML) and Counter-terrorism Financing (CTF) reporting obligations.
  • You can usually buy crypto with ZAR.
  • Exchanges in South Africa typically support local payment methods.
  • You may be able to access local customer support.
  • Subject to local laws.
Cons
  • You'll need to provide your personal details and proof of ID – a disadvantage if you want to trade anonymously.
  • Overseas trading platforms may provide better liquidity.
  • ZAR-to-crypto prices are sometimes slightly higher than USD-to-crypto prices, meaning you sometimes pay a premium for buying directly with South African Rands.
  • Some features are simply not available on FSCA-registered exchanges. For example, margin trading, DeFi features and some altcoins.

Compare more crypto exchanges in South Africa

Use our table to compare crypto exchanges and platforms on fees, range of cryptos, deposit methods and more. Once you've found the right fit, select Go to site to get started.
1 - 10 of 11
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

729
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.
Disclaimer: Star ratings are only displayed for products with 10 or more reviews.
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How to use a cryptocurrency exchange

For the sake of our example, let's assume that you have R500 that you want to use to buy Bitcoin (BTC).

  1. Compare cryptocurrency exchanges to find one that offers the right service for you.
  2. Register for an account on the platform and provide any personal details and proof of ID required.
  3. Navigate your way to the "Buy" screen.
  4. Select BTC as the cryptocurrency you want to buy.
  5. Select your payment currency, which in this case is ZAR, and specify the amount you want to spend as R500.
  6. Select your payment method, such as a credit card payment or bank transfer.
  7. Enter your payment details, such as your account number if sending a bank transfer or your card number and CVV if paying by credit card.
  8. Review the full details of your transaction, including the fees that will apply and the amount of BTC you are purchasing.
  9. If you're happy to proceed, click "Buy BTC".
  10. Once the transaction has been processed, the BTC will be deposited into your exchange wallet. However, please note that some brokers will automatically send your purchased BTC to an external wallet address that you nominate.

How to pay for your cryptocurrency in South Africa

Crypto exchanges in South Africa support a range of deposit methods, including the following:

  • Neteller, Skrill and other online payment services

Accepted payment methods vary between exchanges. Prior to signing up, it's worth checking that your preferred payment method is supported.

The different types of cryptocurrency exchanges

The term "exchange" may refer to a variety of cryptocurrency brokers, trading platforms and other services. Different types of exchange are often more geared toward beginners or experienced users.

  • Cryptocurrency brokers (suited to beginners). Buy directly from cryptocurrency dealers for simple and quick purchases. Many beginners use brokers for their first purchase. A broker will facilitate an instant purchase of the digital asset of your choosing and will not offer spot trading.
  • Cryptocurrency trading platforms (suited to beginner/intermediate users). Buy and sell cryptocurrency on an open market for competitive fees, a wide selection of cryptocurrencies and optional features like margin trading. Many exchanges now offer brokerage services to be more beginner-friendly.
  • Cryptocurrency derivatives platforms (suited to advanced users). These trading platforms don't sell cryptocurrency outright. Instead, they let you trade cryptocurrency derivatives. They're for advanced traders who want high speed, high leverage and deeply liquid platforms with a full range of features

Is it safe to store your cryptocurrency on an exchange?

Cryptocurrency is held in digital wallets. Some exchanges will give you your own wallet that lets you hold cryptocurrency in your exchange account and then transfer it anywhere as desired.

However, once you have purchased what you consider to be a sizable amount of digital assets, you may want to consider transferring the private keys to those assets to a self-custodial wallet.

This is because the exchange controls the private key to your wallet, which means you don't have total control of your funds. And with exchanges sometimes falling victim to hackers, there is some degree of risk involved with leaving the private keys to your crypto in the hands of a centralised exchange.

Learn more about cryptocurrency wallets

Bottom line

Not all crypto exchanges are created equal and not all crypto buyers and sellers have the same trading needs. The best exchange or platform for one person might not necessarily be the right choice for someone else, so it's essential to do your own research.

Read our reviews of some of the most popular cryptocurrency exchanges in South Africa and around the world before you decide which to use. Compare the features, fees and pros and cons of each platform and consider whether they align with your investment goals and budget.

FAQs

Which crypto exchange is safest?

The safest exchanges in South Africa have stringent security measures like Know Your Customer (KYC) registration, password protection and a 2-factor authentication (2FA) option.

Other green flags to look out for include the majority of user funds held in cold storage and a publicly available insurance policy for user deposits.

Keep in mind that all centralised cryptocurrency exchanges are vulnerable to hacking, so consider using a hardware wallet for added security.

Which crypto exchange has the lowest fees?

There are lots of fees to take into account when choosing an exchange. Exchanges like Kraken and Binance are known for having competitive transaction fees.

But, it's also important to consider deposit and withdrawal fees, possible account inactivity fees and spreads on top of this. A good place to start is by comparing fees with our table.

What is the most trustworthy crypto exchange?

Due diligence and research are incredibly important when choosing a crypto exchange you can trust.

As a good rule of thumb, look for exchanges with a long history of serving customers without hacks — like Coinbase, Kraken or Binance.

A great way to dive deeper is by reading our extended reviews of each crypto exchange and researching customer feedback on platforms like Trustpilot as well as industry data.

Why do some crypto exchanges ask me to verify my identity?

Exchanges in South Africa and several other countries are subject to anti-money laundering and counter-terrorism financing (AML/CTF) laws. In order to comply, exchange operators must gather certain details about their customers – which is why you may be asked to provide proof of ID. This process is typically referred to as "know your customer" or KYC.

Finder's crypto exchange reviews

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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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