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Best cryptocurrency trading platforms in South Africa

Forex trading appears to be a difficult task. You may not need to trade on foreign exchange markets to make a profit. Since long, copy trading has been available on the market. This is a way to automatically copy successful traders' transactions into an account. Simply connect to the service and select an account you wish to copy to make profit. Copy trading refers to an automated trading system where transactions are copied from one account into another. How is this possible? You can copy transactions from special platforms. Once you have registered on such a platform, you can choose a provider of signals to subscribe to his trading signals. Once the trader has completed his transactions, they are automatically replicated in you trading account.
Justforex Pros
Earnings without any knowledge
Transactions can bring you profit, regardless of your skill level
Trades are performed by professional traders
Trading style. You can choose the signals provider that suits your trading style
Enjoy more time. It is not necessary to spend much time watching the market
You can choose as many signal providers as you like
This allows you to diversify your risks
This helps to minimize losses and ensures that you don't lose all your money at once
You can hedge a losing deal with another one that is profitable
The profit is smaller but the risk of losing all the money goes down
Justforex Cons
High risk
Forex can be ambiguous and unpredictable
Even though the trades are profitable, signals providers can make mistakes and turn minus
Copy trading is risky
Professional degradation
Copying someone else's deal can cause you to lose your unique flair
You don't pay attention to the market, you don't learn from your mistakes, and you avoid technical and fundamental analysis
As the muscles are not exercised, the brain can relax without new knowledges
Always turn on the trading platform/terminal
Binance Exchange is the biggest crypto exchange in terms of trade volume, and also one of the most active worldwide. Our platform is secured with industry-leading technical and strict protocols to protect user funds. We are constantly looking for innovative ways to protect our users. This includes real-time monitoring, a 360-degree risk management program, advanced data privacy tools, and education about end user security.
Binance Exchange Pros
Instant and low non-instant buy fees
Very large selection of coins
Numerous extra services
Binance Exchange Cons
Account verification problems
It is not available in the USA
Structure of non-transparent corporations
We set out in 2013 to empower billions across the globe by transforming financial systems to be more efficient, inclusive, and open. We created a platform to make cryptocurrencies like Bitcoin and Ethereum accessible to all, no matter where they are.
LUNO Pros
Simple, intuitive platform design allows Grandma to buy her own Bitcoins without any assistance.
It is easy to open an account and purchase crypto
Users in developing countries can access regulated crypto
LUNO Cons
Luno is your custodial wallet. You don't have access to your keys.
It is difficult to get customer support
Confusion surrounding the fee structure
It doesn't exist in the US
There are only 6 coins available: BTC, ETH and USDC. LTC, LTC and XRP are the other options.
This P2P Marketplace accepts customers from 255 nations (including Nigeria!). It is available in the United States and accepts registrations from all 56 states and territories.
LocalCoinSwap Pros
P2P Marketplace has been in operation for many years. Service was launched 2017
There are 8 digital currencies as well as 27 fiat currencies that can be used. This is a great choice! 107 payment systems and banks can be supported, including national and international ones like Visa & Mastercard and Paypal.
Localcoinswap does not hold users' money. You are the only one who can control your coins. It is safe and non-custodial.
LocalCoinSwap Cons
Speed, quality, and speed of service are all factors. These vary from seller to seller. The platform has almost no impact on them.
Coinbase helps customers around the globe discover crypto and start their journeys with it. Coinbase is trusted by over 89 million users, 11,000 institutions and 185,000 ecosystem partners from more than 100 countries. They can easily and securely use Coinbase to invest, save, earn, or spend crypto.
Coinbase Pro Pros
Interface that is user-friendly
Higher volume trading results result in lower fees
Secure features
Trading features
Coinbase Pro Cons
Sometimes support can be slow
Platform not intended for beginners
There are higher fees than other platforms
Only two indicators and overlays are available for charts
We use cutting-edge technology to provide useful services that will increase access to the blockchain revolution. KuCoin was created as an exchange between, by, or of people. It aims to create a community that allows everyone to benefit from growth and has their voice heard. We are creating an ecosystem around KuCoin Token, (KCS), that will serve as your guide to a vibrant decentralized world built together by all KuCoin community members.
KuCoin Pros
Anonymous trading
Security features
Accepts many cryptocurrencies
KuCoin Cons
Low trading volume
Quidax supports Bitcoin, Ethereum and Ripple's XRP. You can instantly buy/sell Bitcoin or other cryptocurrencies through the platform's instant buy/sell function or its order book exchange.
Quidax Pros
Instant withdrawals
Amazing UI and UX
Several trading pairs
Quidax Cons
No Mobile App
Bitstamp was founded in 2011 by Nejc Kodric, Damijan Merlak. It has offices in Slovenia, London, Luxembourg, London and New York. This platform allows everyone to trade, regardless of their level of experience. You can trade fiat currency with bitcoin or any other cryptocurrency. There are approximately 45 currency pairs. The platform also offers other tools to facilitate trading.
Bitstamp Pros
Trading fees competitive
It is simple to use
Advanced platform available
Solid selection of cryptocurrency
Bitstamp Cons
Missing major cryptocurrencies
Lackluster staking program
Hacked in 2015
HitBTC is a cryptocurrency exchange that has been around for a long time. It was founded in the UK in 2013. The cryptocurrency exchange has its headquarters in Chile as of 2021. Clients can trade with more than 500 assets, including cryptocurrency pairs. You can develop your own applications using the robot-friendly API.
HitBTC Pros
more than 500 cryptocurrency pairs.
Commission for withdrawal of cryptocurrencies - 0%
Support is available 24/7.
HitBTC Cons
There are no passive investments.
High commissions for General and Starter accounts.
There are volume limits per trade.
These are just a few of the tools available for fundamental and technical analysis.
no affiliate program.
The Bitcoin trading platform is based in the United Kingdom, with physical offices in 4th Floor One Canada Square, Canary Wharf London E14 5AB, United Kingdom, and a sister company registered at 101 Hudson Street, 21st Floor, Jersey City, NJ 07302. The daily trading volume of the site these days is around 2,242 BTC (approximately 5.6 million USD). Eight trading pairs are offered: ETH/USD, BTC/USD, ETH/BTC, BTC/EUR, BTC/GBP, BTC/RUR, ETH/EUR and GHS/BTC (GHS from their legacy mining venture), with the first three accounting for most of the volume (44.23%, 32.22% and 16.66% respectively).
CEX.IO Pros
established exchange with good levels of security.
simple, intuitive and minimalistic interface.
unlimited withdrawals
high trading volume
mobile app
various payment methods
CEX.IO Cons
relatively high fees.
limited number of currencies supported.
getting in touch with them is not as straightforward as it should be.
no advanced order types