Why do cryptocurrency prices spike after exchange listings?
A post by Evelyn Soto
1 Bitcoin equals 1,222,671 ZAR
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Platform | Bitcoin | South African Rand |
---|---|---|
Binance | 1 BTC | 1,222,671 ZAR |
Luno | 1 BTC | 1,295,435 ZAR |
To buy Bitcoin using South African Rand, first, find a cryptocurrency exchange that supports the BTC/ZAR trading pair, such as Binance or Luno. Create an account, verify your identity, and deposit your ZAR into your exchange wallet. Locate the BTC/ZAR pair on the trading platform and place an order to exchange your South African Rand for Bitcoin. If the BTC/ZAR pair is unavailable, you can first exchange South African Rand for a stablecoin like Tether (USDT) or a fiat currency, then trade that for Bitcoin. Be mindful of potential exchange fees, which vary by platform and can affect the total cost of your transaction.
To sell Bitcoin for South African Rand, first, find a cryptocurrency exchange that supports the BTC/ZAR trading pair, such as Binance or Luno. Create an account, verify your identity, and deposit your BTC into your exchange wallet. Locate the BTC/ZAR pair on the trading platform and place a sell order to exchange your Bitcoin for South African Rand. If the BTC/ZAR pair is unavailable, you can first sell Bitcoin for a stablecoin like Tether (USDT) or a fiat currency, then trade that for South African Rand. Be mindful of potential exchange fees, which vary by platform and can affect the total amount you receive.
A post by Evelyn Soto
A post by William Parvez