Bitcoin is taking off in Africa and South Africa. Learn all about bitcoin now, be prepared for the future.

Bitcoin is the first truly decentralised currency

Transfer money anywhere in the world, almost instantaneously for virtually no cost

No account verification, identity checks or proof of residence

Welcome to the Bitcoin ZAR website, a place for people living inSouth Africawho are interested inBitcoin. Before you start, please Join our bitcoin community for South Africa onFacebookandtwitter, to keep up to date with our daily bitcoin news and information.

We are glad you have decided to become part of the Bitcoin revolution in South Africa and around the world. Start accepting and making payments in Bitcoin almost immediately, and introduce customers, friends and family to Bitcoin so that you have a network of people you can transact with locally and internationally. Does your business accept bitcoin as a payment method for products or services?

bitcoin allows for the first time ever, any human being anywhere on the planet, to be able to send and receive any amount of money, with anyone else on the planet, without having to ask for permission from any bank, corporation, or government. This can be done almost instantly, for virtually no cost, regardless of the amount of money.

Bitcoin is an online payment system invented by anonymous user Satoshi Nakamoto, who published his invention in 2008, and released as open-source software in 2009.

The bitcoin system is peer-to-peer, and users can transact directly with each other all over the world almost instantly, without needing an intermediary such as a bank, Western Union, Moneygram, Paypal or any other company. The bitcoin system works without a central repository or single administrator, so is the worlds first decentralized digital currency, and it is the largest of its kind in terms of total market value. There is no company or entity controlling bitcoin.

Bitcoin as a form of payment for products and services has grown, and merchants have an incentive to accept it because fees are lower than those typically imposed by credit card processors. Unlike credit cards, any fees are paid by the purchaser, not the vendor.Learn more about what bitcoin is, here

Buy bitcoins on one of our local South African bitcoin exchanges. Transfer funds from major South African bank accounts to the exchange, and once the funds have cleared, you can trade the ZAR for bitcoin. You can also buy bitcoins in South Africa by doing face to face trades with sellers who prefer to meet in person.

Bitcoin wallets come in various forms, there are a desktop wallet that you download to your PC, a mobile wallet app that you download to your phone, a web based wallet that you can access through the web, a physical hardware wallet, or a secure paper wallet.

We have selected a variety of informative and interesting bitcoin videos to help you learn about bitcoin, how it works, the technology behind bitcoin, and how it can be useful. There are many bitcoin videos on the web, but we consider these to be the best out there so far. Keep checking back for updates.

Bitcoin transactions between wallets are not linked to your bank account

Anyone can use bitcoin, there is no need for account verification, identity checks or proof of residence

No central authority telling you what you can and cannot do with your money

Your account can never be seized or closed, you are the only one with control

Privacy is enhanced with Bitcoin and it reduces identity theft.

Bitcoin transfers are available within minutes, not like typical banking where it can take days

Available in any country, there are no international boundaries: send and receive anywhere in the world for no additional fees

Unlimited Access: have full control of your money, 24 hours/day, 7 days/week, from anywhere in the world

No high banking and transaction fees, monthly and annual fees, overdraft or over limit fees

Purchases can be virtually anonymous, your name is not tied to your transaction

Transactions cannot be reversed, so retailers no longer need to worry about credit card chargebacks

KirptoLink terminal, the cryptocurrency ATM combined with a Point-Of-Sale device, for only $500 KriptoLink is a dynamic South African based company who are helping to build a circular cryptocurrency economy locally, and around the world. ( The Point-Of-Sale and ATM terminal KriptoLink have created enables businesses and entrepreneurs to easily accept cryptocurrency payments, as well []

This post is a guide showing the easiest safest way to invest in bitcoin in South Africa, which is called Dollar Cost Averaging and involves just accumulating bitcoin. It is important to understand that bitcoin is considered an extremely volatile digital asset, and should be treated as a high risk investment. Depending on the size []

10 years ago today on October 31st, 2008 Satoshi Nakamoto announced the creation of Bitcoin in his technical white paper called Bitcoin: A Peer-to-Peer Electronic Cash System to the cryptography mailing list. 3 Months later, when the Bitcoin network launched in 2009, very few people understood its significance. Today, a decade after the white paper []

I am very intrigued by Bitcoin. It has all the signs. Paradigm shift, hackers love it, yet its derided as a toy. Just like microcomputers.

Bitcoin has the potential to become an international currency.

Gold is a great way to preserve wealth, but it is hard to move around. You do need some kind of alternative and Bitcoin fits the bill. Im not surprised to see that happening.

Virtual currencies may hold long-term promise, particularly if the innovations promote a faster, more secure and more efficient payment system.

Im a big fan of Bitcoin… Regulation of money supply need to be depoliticised

I understand the political ramifications of [Bitcoin] and I think that government should stay out of them and they should be perfectly legal.

Bitcoin is the beginning of something great: a currency without a government, something necessary and imperative.

You cant stop things like Bitcoin. It will be everywhere and the world will have to readjust. World governments will have to readjust

Virgin Galactic is a bold entrepreneurial technology. Its driving a revolution and Bitcoin is doing just the same when it comes to inventing a new currency.

I really like Bitcoin. I own Bitcoins. Its a store of value, a distributed ledger. Its a great place to put assets, especially in places like Argentina with 40 percent inflation, where $1 today is worth 60 cents in a year, and a governments currency does not hold value.

Bitcoin is the most important invention in the history of the world since the Internet.

Bitcoin will do to banks what email did to the postal industry

I do think Bitcoin is the first [encrypted money] that has the potential to do something like change the world.

Bitcoin is a remarkable cryptographic achievement and the ability to create something that is not duplicable in the digital world has enormous value

Bitcoin is better than currency in that you dont have to be physically in the same place and, of course, for large transactions, currency can get pretty inconvenient.