A Step-by-Step-Guide on how to buy Bitcoin in South Africa
Create a Coinmama account
Use the following link and create an account at Coinmama.
Use an email address, pick out a username, and pick a strong, secure password.
The infrastructure and webpage of Coinmama is fast and secure, so you're personal data is kept safe.
Verify your identity
In order to buy Bitcoin (BTC) with fiat currencies, like USD or EUR, you will need to provide your name, date of birth, country and phone number alongside with extra support documents which verify your personal identity.
Those supporting documents are a valid ID, like Passport, Drivers license or National identity card (front + back) and sometimes also Proof of Residence Document like Utility bill(water, electricity, gas, internet, phone), Payroll statement -or- Official salary document from employer, Tax document or Residence certificate.
The reason for this strict verification is to forbid identity fraud or theft.
Begin buying Bitcoin by depositing fiat currencies, like USD or EUR
Backing your account with fiat currencies, like EUR or USD for exchanging can be done in a number of ways, including domestic wire transfers, SEPA and SWIFT and debitcard.
The option you choose will be based on your preference and location.
As soon as your fiat currency arrives in your account, that amount will be converted to BTC.
Alongside your account you will as well have access to charting tools and global support.
For buying Bitcoin you'll also need to have a wallet.
Congratulations! You have successfully purchased and safed Bitcoin in South Africa.
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