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How do I Buy Bitcoin?

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After publishing the previous BTC article the most common question you’ve been asking me is, “How do I buy bitcoin?” My response would usually be, don’t, first understand what bitcoin is. I’m assuming you understand what BTC is about and why you’d want to buy bitcoin so here goes…

How To Buy Bitcoin in South Africa

Safety and security should always be the primary objective when doing any type of transaction online and years ago that wasn’t always the case.  Here are 2 ways to buy bitcoin with Luno and coindirect. So my buddy Chris shared his instagram post on Facebook wearing his Luno t-shirt. Luno?

Rocking my Luno tee with pride as BTC surges past $2000!

A post shared by Christopher M (@christopherm) on


So I Googled luno…

LUNO (formerly BitX) is a Bitcoin company headquartered in London with operations in Indonesia, Malaysia, Nigeria, South Africa the United Kingdom and 35 other European countries.

Hmmm

Naspers [JSE:NPN] has initiated a $4m funding support of cryptocurrency platform BitX (now Luno), based in Singapore. Through its PayU subsidiary, Naspers will invest in BitX and gain a foothold into a growing market for e-commerce.

If the most valuable listed company in Africa backs it you know it’s safe and secure to buy bitcoin with them. So I signed up For a luno account and bought a tiny fraction of BTC. No, you do not have to buy a whole bitcoin.

How to buy Bitcoin in 6 Steps with Luno

A more recent Ahhh

Rand Merchant Investment Holdings’ fintech investment arm, AlphaCode, has invested in South African bitcoin platform Luno as it looks to expand into new markets and strengthen its technology from a regulatory perspective.

AlphaCode joined existing investors in Luno, Digital Currency Group in the series B funding round which raised R120 million and was led by London-based venture capital firm Balderton Capital.

How to buy bitcoin in 5 steps with Coindirect

Finding the South African Bitcoin Telegram Group

There’s a South African Whatsapp group about all things bitcoin and crypto, you can join it here, where I found out about coindirect.com. At the time of writing this there was still room for 750 people. before the group reaches The group has reached it’s max. I’m sticking around with those who don’t leave. Let’s see who’ll still be around in a year (November 2018).

Update: If the Whatsapp group is full you can jJoin the bigger SA Crypto group on Telegram here https://t.me/SACryptoTraders for trading advice and chat about all things cryptocurrency in South Africa.

I’m sure there are other ways to buy bitcoin in South Africa but I’ve only used coindirect and Luno. How or where did you buy your first BTC in SA?