from a reliable exchange is the safest way to get started with Bitcoin. A lot of people like the idea of a currency that isnt controlled by a central entity or pegged to another currency. Best practice Use your head Just like you wouldnt put all your money in any other asset, consider Bitcoin as just another part of your portfolio. You can actually print out your Bitcoin address and private key onto a piece of paper (called a paper wallet and store it somewhere safe (remember, if someone has access to your private key they have access to the funds in that wallet). They were started by South Africans, received over R50m in funding from big companies like Naspers and expanded into many other countries (Nigeria, Kenya, Singapore, Malaysia and Indonesia). Start out with R100 or R200 and just play with it for a while to get used to it Buying Bitcoin in person The same way that you wouldnt buy cash from a stranger on the street, I dont recommend buying Bitcoin from someone you. Suggested wallets Luno (hybrid: web and/or mobile app with the ability to buy and sell in the app for South Africans). Well explore the following: What is Bitcoin? This makes Bitcoin a great tool to see exactly the flow of money (imagine if a country like South Africa received a grant in Bitcoin from the World Bank to build a dam and we could see the exact flow of funds to the various companies.
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Bitcoin features, in some ways, Bitcoin is just another currency: it has an exchange rate against the South African rand (and US dollar or other international currencies it can be bought, sold and traded and it can be used to pay for things. Gehe zu: Wir verwenden Cookies, um Inhalte zu personalisieren, Werbeanzeigen maßzuschneidern und zu messen sowie die Sicherheit unserer Nutzer zu erhöhen. Bitcoin is Transparent, all Bitcoin transactions that have ever happened are recorded in a ledger known as the Blockchain. If your Economics 101 professor was right, the price should. I recommend starting with a few hundred (or thousand) rand, just to get the hang. Bitcoin was launched and gained momentum during the Financial Recession, when trust in governments and banks were at an all time low. Armory desktop Suggested wallet Armory (recommended for developers/technical users) Online wallets The Luno mobile app These wallets are hosted on the Internet by companies and exchanges and are accessible when youre connected to the internet (on your mobile or desktop). . How to get Bitcoin in South Africa.