How can I pay for Bitcoin in South Africa by griffe
There are various ways to buy Bitcoin in Africa. Here are two such methods which will be further described below.
Browse a P2P Directory
What is P2P directory and how it works?
P2P directory is a platform where you can connect with other buyers and sellers without intermediaries. In that both parties set the terms and conditions of the trade they want to do and is agreed upon by these two parties only without any intrusion from a third party, It uses Peer to peer technology. Peer-to-peer (P2P) computing or networking is a distributed application architecture that partitions tasks or workloads between peers. Peers are equally privileged, equipotent participants in the application. They are said to form a peer-to-peer network of nodes.
How to buy Bitcoin with P2P in South Africa?
You can avail of Paxful which is a famous p2p marketplace for buying and selling cryptocurrency in South Africa. Users can choose from various payment methods. The vendors usually accept various payment options which can be over 300+ including PayPal, gift cards and even bank transfers.
List of P2P platforms:
These are some of the best-known P2P Bitcoin platforms:
Local finder for sellers with private links.
You can find local sellers to buy your Bitcoin from.
No KYC required. It maintains absolute privacy and relatively new since it was launched in the summer of 2019.
Globalized P2P trading platform which requires no KYC OR AML.
You can make purchases with Fiat and buy Bitcoin quickly which often takes up to 10 minutes.
Payment method for p2p
There is a range of payment methods which largely depend on the seller or platform you are choosing.
Use a Bitcoin ATM
What is the Bitcoin ATM directory and how it works?
A BTC ATM is essentially a kiosk that helps a person buy Bitcoin, either by using a fiat or debit card. Some ATMs offer functionalities that are bi-directional that enables the sale and purchase of Bitcoin at the same place.
There are two primary kinds of BTC ATM: ATMs and cash kiosks. Both of these two types are linked with the internet allowing you to process payments. The Bitcoins are given in the form of a receipt or by moving it to an address.
How to buy Bitcoin with Bitcoin ATM in South Africa
Cape Town, Johannesburg, Pretoria, and Nelspruit are the major cities that have BTC ATM installed. You can simply locate them using a BTC ATM finder online and use debit or fiat to get your BTC assets. This ATM often looks like the traditional ones which connect you to your bank account to enable cashless purchase.
Payment method for Bitcoin ATM
Debit, Bank Transfer and Fiat are the preferred methods of payment for BTC ATMs.