Since the idea of trading bitcoin became popular in South Africa, many of the early birds trading bitcoin have made thousands of dollars from it. The cryptocurrency has overcome several hurdles over the years, and it is undoubtedly alive and kicking, which is a sign that it can endure and strengthen for decades to come. May 21, · Bitcoin trading is soaring in South Africa. According to data compiled by bitcoinlife24.de, Bitcoin trading for the rand has more than doubled on the peer-to-peer crypto trading platform LocalBitcoins in the last month, posting its highest volume on record since December of , when BTC began its last bull run. BTC is big in Africa. Weekly Roundup: Swahili Blockchain Book Now Available, Binance P2P Volumes Hit $ Million in Africa After experiencing raging swings this year, Bitcoin hit a new all-time high this week. On Monday, bitcoin recorded a price of $19,, breaking the record. Features 2 weeks ago.
Bitcoin trading africaThe Best Bitcoin Trading Website in South Africa | Buy Bitcoin
Despite the high volatility, the leading cryptocurrency is driving demand around the world for digital assets as economies struggle to navigate the coronavirus pandemic with investors hedging against local currencies that remain vulnerable to collapse.
It recently rallied to a five-week high on expectations that the central bank would cut rates again. The Reserve Bank confirmed the rate cut on Thursday to resuscitate the economy, lowering it to 3. The central bank has now lowered the rate by a total of basis points over the past two months of the coronavirus outbreak. Please check your inbox or spam folder to confirm your subscription.
Thank you. What Is Blockchain? Bitcoin Price. Join Our Community. Press Releases 2 years ago. Altcoins 3 years ago. Bitcoin 2 years ago. Guides 2 years ago. Reviews 3 years ago. Bitcoin 3 years ago. The wallets include:. Bitcoin has been seen as a trendsetter dominating all types of cryptocurrencies built on decentralized peer-to-peer network. All currencies stirred by Bitcoin are together called altcoins and present themselves as improved Bitcoin versions.