Where to buy crypto in South Africa: PrimeXBT launches regulated crypto services

PrimeXBT offers some of the most competitive trading conditions in the industry.
PrimeXBT, an industry-leading multi-asset broker, has launched crypto asset services in South Africa following the expansion of its Financial Sector Conduct Authority (FSCA) licence. This marks a significant milestone on the road to regulated crypto adoption in the country, helping make digital assets more accessible and secure for local traders.
As one of the first regulated brokers in the region to offer traditional and crypto asset services all in one, PrimeXBT is reshaping how local investors interact with the markets. The broker empowers traders to diversify their portfolios, easily move funds between assets, and trade with confidence in a secure and reliable environment.
This article will provide an overview of PrimeXBT's new crypto services and the benefits they offer South African traders and investors.
Buying, selling and exchanging cryptocurrencies
The addition of crypto to PrimeXBT's FSCA-regulated offering means South African traders can now seamlessly buy, hold, and sell popular tokens, such as BTC, ETH, USDT, and USDC. They can also quickly and easily do crypto-to-crypto and crypto-to-fiat conversions using the broker's built-in crypto exchange.
Buying crypto with Fiat
South African clients can deposit ZAR, which is automatically converted to USD. From there, they can exchange into stablecoins (USDT or USDC) and use those to buy crypto like BTC or ETH. All fees are included in the exchange rate, and the process is simple and transparent.
Exchanging crypto for crypto
To exchange crypto for crypto with PrimeXBT, clients simply need to enter the amount they want to convert. The process is quick, skipping unnecessarily complex order books. The broker also protects all digital assets with multi-signature cold storage technology, providing users with top-tier security.
Using crypto as collateral to trade global markets
PrimeXBT's latest update enables South African investors to trade 100+ global markets using digital currencies as collateral. The broker's platforms, including PXTrader and MetaTrader 5 (MT5), offer access to crypto futures, Forex and CFDs on stocks, indices, crypto, and commodities, with accounts in both fiat and crypto. This unlocks new market opportunities for local traders to explore in a secure and regulated environment.
PrimeXBT offers some of the most competitive trading conditions in the industry. Trading fees are as low as 0% on non-crypto CFDs, 0.05% on crypto CFDs, and 0.01% on crypto futures, with spreads from 0.1 pips. Clients can also earn fee discounts of up to 50% based on their trading volume via PrimeXBT's VIP Tiers. The broker offers leverage of up to 1,000x, helping users start with a smaller initial investment and enabling them to trade more for less.
Developing skills and knowledge with learning resources
Trading education is important when introducing traders to new markets like crypto. PrimeXBT understands that financial growth starts with trust and is committed to helping people grow and develop in the markets. Knowledge-building is key, as is providing traders with a safe and secure environment where they can learn and improve their skills.
The broker continues to invest heavily in regional development initiatives, including free educational seminars and online learning resources, to help South African traders get closer to realising their financial goals.
Empowering local traders to do more with crypto
With PrimeXBT's crypto rollout, South African clients can enjoy a complete trading experience that seamlessly combines traditional and digital markets. Using crypto as collateral to trade other global assets unlocks new options, enabling investors to diversify their portfolios with ease.
More importantly, this is all offered under a recognised regulatory body, FSCA, providing local traders with the protection they need to confidently explore exciting new market opportunities.
Start trading with PrimeXBT South Africa
Disclaimer: The content provided here is for informational purposes only and is not intended as personal investment advice and does not constitute a solicitation or invitation to engage in any financial transactions, investments, or related activities. Past performance is not a reliable indicator of future results. The financial products offered by the Company are complex and come with a high risk of losing money rapidly due to leverage. These products may not be suitable for all investors. Before engaging, you should consider whether you understand how these leveraged products work and whether you can afford the high risk of losing your money. The Company does not accept clients from the Restricted Jurisdictions as indicated on its website.
PrimeXBT (PTY) LTD is an authorised financial services provider in South Africa with licence number 45697. PrimeXBT (PTY) LTD acts as an intermediary between the investor and the market maker which is the counterparty to the products purchased through PrimeXBT.

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