3 Best South African Crypto Platforms in 2021?
In South Africa in 2021 there is a huge amount of excitement surrounding the cryptocurrency market and its potential to grow enormously this year as we witness the third major bull run in the life of Bitcoin.
The South African market has long been one of the global hubs for cryptocurrency trading and investing, and while there has also always been a significant amount of diversity in the platforms available in 2021 there are more crypto trading platforms available than ever before in South Africa.
This will take a look at three of the best South African crypto trading platforms in 2021, starting with a breakdown of the staff growing popularity of international trading platforms with South African crypto traders, for moving on to look at the three best South African crypto trading platforms in 2021.
International Crypto Trading Platforms Growing in Popularity
Trading or investing in crypto can be daunting at first given the sporadic news of scams and lost funds incurred by those in this market, while it can occur to anyone the risks of trading in crypto are minimal compared to any time before as new regulations are now complied by most cryptocurrency exchanges.
Trading platforms such as Coinbase and Kraken have been serving crypto traders for years and with both supporting international users from hundreds of countries make access to the market a breeze for those in all parts of the world, and they have grown exponentially given the popularity surrounding the space.
Crypto evolved the way people transact and invest but also the ways entrepreneurs earn money, from miners that process crypto transactions to traders working to build a fortune, anyone in all parts of the world can profit from the abundant opportunities provided by this disrupting technology of the century.
Crypto exchange platforms serving international users surged in trading volumes these past couple years given the ease of access to trades and tools they offer, and with trading platforms such as Coinbase and Kraken accepting users from most regions, now is an easier time than ever to invest, no matter location.
3 Best South African Crypto Platforms in 2021?
PrimeXBT
PrimeXBT is the world’s largest multi-asset margin trading platform and has built a strong reputation in South Africa over the past few years as it has grown globally and in particular has put effort into developing markets such as the South African markets.
PrimeXBT provides a wide range of listings that span both the cryptocurrency and traditional asset markets, with up to 100X leverage on a range of crypto’s that include BTC, ETH, LTC, and EOS, and up to 500 acts on some of the world’s leading traditional assets like commodities such as gold and oil, forex pairs such as USD/EUR and AUD/CAD, and stock indices such as S&P500 and FTSE100.
PrimeXBT is a secure and safe crypto trading platform that is renowned for the bank-grade security measures that it implements on its site including cold storage of digital assets with multi-signature technology and Hardware security modules with rating of FIPS PUB 140–2 Level 3 or higher.
Coinbase
Accepting users from the United States and over a hundred other regions is the crypto trading site that became one of the first to launch when incepted in 2012, known for providing what customers refer to as the easiest crypto-buying process of any other exchange, they are used by millions around the world.
Coinbase Pro is a variant of the original Coinbase platform and is designed for seasoned traders needing access to advanced trading features and financial products, of which many are available to enable users to leverage varying market conditions for profits which can be enjoyed in even declining-value climates.
Coinbase is a great trading platform for crypto investors that want to use a platform whose customer support is just as great as the security provided as this exchange is known for providing the best of both worlds, and given their FDIC-issued coverage and compliance are one of the most secure sites available.
Ease of access is one of the platforms greatest vantage points as payments methods used by traders is susceptible to change depending on their locality and may need a platform that supports their payment source, this is one reason many go to Coinbase as they accept credit/debit cards and wire transfers too.
Kraken
Kraken is a United States-based crypto exchange supporting users in 48 states and 176 countries from which users can easily access crypto markets and profitable opportunities, this platform has served as one of the leading crypto platforms since it was founded in 2011 and has rightfully earned global recognition.
Operating as a registered and licensed exchange with daily trade volumes exceeding a billion dollars it is an exchange prioritizing security to give customers peace-of-mind trading experiences, which is possible with the help of a full-time team of top crypto security experts that ensure compliance with regulations.
Focused on providing users in all parts of the world with easy access to crypto markets it quickly gained traction in South African markets where available trading platforms to users are more limited, Kraken is the solution making it easier for those in this region to invest and trade for the profits many others earn.
Kraken quickly popularized in South Africa and many other parts of the world when released as they not only simplified access but provided tools that allowed traders to turn potential into profits, this was the main allure of the platform that offered margin trades letting small amounts turn into massive returns.
In Summary
As the South African market continues to go and as we move into what looks to be the third major crypto bull run in 2021, there are many new platforms that are launching and entering the South African market this year.
While there is a large amount of diversity in opportunity available for South African traders and investors, which selected three of the best crypto trading platforms and listed them in this guide.
If you like to learn more about the three platforms we have selected and how to get started with them, check out PrimeXBT, Coinbase, and Kraken.
