To exchange bitcoin to rand or Bitcoin to ZAR has never been easier. You can convert your bitcoin directly to Rand with no intermediaries using iCE³X.com. You may also opt to trade your bitcoin for a selection of more than 10 other cryptocurrencies on the iCE³X trading platform.
Other riskier options are:
It is important to make sure you convert your BTC safely and easily using a trusted platform such as iCE³X. There are many “brokers” that will make this sound difficult. The most likely reason for their eagerness to “help” you is a hidden agenda to subscribe you to a plan or service for which they receive a hefty fee. Scammers even offer remote team viewer sessions where they sign you up for a valid trading account, leading you into a false sense of security that you have your own trading account.
The underlying philosophy of Bitcoin is that you can be your own bank. Once you exchange bitcoin to ZAR, you simply withdraw Rand to your personal bank account to spend according to your needs.
Always register your own account in your own name. Use a separate password for every site you visit after which you must engage two-factor authentication wherever possible.
Setting up your own account is quick and easy on iCE³X, leaving you safe and secure.
Be careful. Make sure that if you decide to invest in bitcoin, that you use a reputable platform such as iCE³X.
There are a few simple rules to follow when investing in bitcoin or any other cryptocurrency.
Yes, there is such as thing as Dollar bitcoin and Rand bitcoin. “Dollar bitcoin” refers to the BTC/USD trading pair which can be found on most American and some Asian or European platforms. “Rand bitcoin” is the Rand denominated trading pair which you can find on a trusted exchange such as iCE³X in South Africa.
Bitcoin can trade with a spread of as much as 30% – 50% across geographic regions at certain times. This usually happens during periods of political unrest or financial instability.
In summary, there are multiple considerations when converting bitcoin to Rand for estimation or valuation purposes. Most importantly you need to consider and understand the risks involved with cryptocurrency trading. Finally, converting bitcoin to ZAR has been highly profitable for a lucky few with an incredible 600% increase in 2017.
This article is intended to educate and should in no way be seen as investment advice or an enticement to use the ice3.com platform. Bitcoin is highly volatile with big profit opportunities but you should also remember that you could lose part or all of your investment whenever you take part in any high risk investment. Bitcoin trading is not a regulated industry in South Africa, which in itself carries additional risks. IF YOU ARE NOT AN ASTUTE BITCOIN TRADER, SEEK INDEPENDENT FINANCIAL ADVICE BEFORE MAKING ANY INVESTMENTS.