With the recent launch of our trading exchange, the online trading news site Leaprate featured…
The lack of banking integration, credit card penetration and high remittance charges is a common problem faced by South Africa’s growing economic market. A market where the adoption of cryptocurrency will scale this problem for the country’s unnoticed population of 57 million.
High conversion and transaction fees, as well as the instability of certain African fiat currencies, are major contributing factors to Africa’s common problem of remittance where widespread poverty is present.
While there are several Bitcoin and altcoin exchanges which offer services in South Africa, only a limited amount of exchanges support the Ethereum to South African Rand (ETH/ZAR) trading pair. Coindirect resolves this by bringing South Africans an ETH/ZAR trading pair, among 14 other ETH, USDT, XRP, LTC, DASH, BCH and BTC trading pairs.
Trading ETH/ZAR pairs on Coindirect
Every day, hundreds of ETH coins are traded on cryptocurrency exchanges like Coindirect. Whether you’re a veteran trader or newbie to the cryptocurrency market, Ethereum trading offers profitable benefits.
Ethereum can be traded in real time against other digital currencies on our cryptocurrency exchange. Coindirect lets South African users deposit ZAR directly from their South African bank account including bank transfers, PayPal, TransferWise, supported fiat deposits and M-Pesa. Credit card payments are coming soon.
Ethereum holders can trade ETH/ZAR pairs in countries like the United Kingdom, Canada, Australia, New Zealand, Singapore, Saudi Arabia, Malaysia, India, Pakistan, United Arab Emirates, South Africa, Nigeria, Kenya Ghana and many more to sell their coins directly to buyers in their country.
You already have access to our integrated exchange with 50% off trading fees until the end of October 2018 (0.1% on crypto to crypto trades and 0.4% on fiat to crypto trades). Coupled with this, we offer a 0% fees model for both buyers and sellers on our peer-to-peer marketplace – buy and sell directly from local buyers and sellers.
To start trading ETH/ZAR pairs on Africa’s biggest crypto exchange, all you need to do is create a free account and select the ETH/ZAR trading pair.