How to Buy Gold (gold): A Step-by-Step Guide for South Africans

Introduction

When buying Gold, there are several factors to consider, including selecting a reliable exchange and the method of transaction. Fortunately, we've put together a list of reputable exchanges to assist you with the process.

Step-by-Step Guide for South African Investors

1. Select an Exchange
Research and select a cryptocurrency exchange that operates in South Africa and supports Gold trading. Consider factors such as fees, security, and user reviews.
Platform Mint Cost
Currency.com Gold (gold) 2 857,78
Gate.io Gold (gold) 0
View all 4 prices
2. Open an Account
Register on the exchange's website or mobile app, providing your personal information and identity verification documents as required by South African regulations.
Platform Mint Cost
Currency.com Gold (gold) 2 857,78
Gate.io Gold (gold) 0
View all 4 prices
3. Top Up Your Account
Transfer funds to your exchange account using supported payment methods such as bank transfer, credit card, or debit card.
4. Navigate to the Gold Market in South Africa
Once your account is funded, search for Gold (gold) in the exchange's marketplace.
5. Select a Transaction Amount
Enter the desired amount of Gold you wish to buy.
6. Confirm Purchase
Preview the transaction details and confirm your purchase by clicking the "Buy gold" or equivalent button.
7. Complete Transaction
Your Gold purchase will be processed and deposited into your exchange wallet within minutes.
8. Transfer to a Hardware Wallet in South Africa
It's always best to keep your cryptocurrency in a hardware wallet for security reasons. We always recommend Wirex or Trezor for South African users.

Platform	Mint	Cost
Currency.com	Gold (gold)	2 857,78
Gate.io	Gold (gold)	0

Platform	Mint	Cost
Currency.com	Gold (gold)	2 857,78
Gate.io	Gold (gold)	0

What to Keep in Mind

When purchasing Gold, it's crucial to select a reputable exchange that is user-friendly and offers competitive fees. After making your purchase, always transfer your crypto to a hardware wallet. This ensures that, regardless of what happens to the exchange, your crypto remains secure.