Bitcoin was being the first cryptocurrency invented. Since inception it has grown in popularity among investors and traders. Today, Bitcoin is the most in demand, capitilised cryptpcurrency in the world. So why trade Bitcoin instead of buying it?
In March 2017 you could buy Bitcoin for under $1000. Today (Aug 2017) the price is $4000. With Bitcoin’s price being over R200 000 in December of December 2017 t is near impossible for the average South African to buy a decent amount of Bitcoin as an investment.
This is where Bitcoin trading comes in. Making use of a bitcoin broker will allow South Africans access Bitcoin and other cryptocurrencies from as little as a $100 investment. Bitcoin is highly volatile and this is why makes it so popular globally as a trading asset. Higher volatility means more trading opportunities.
Selecting your Bitcoin broker is easy. A number of brokers will allow Bitcoin CFD trades with leverage up to 50:1. This means that if you invest $100 it is similar to a $5000 in real money terms. Some Bitcoin brokers will charge zero commissions as no bank fees, making it far more profitable. You can trade Bitcoin 24 hours a day, 5 days a week. See our list below for the best Bitcoin Brokers in South Africa: