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How Much Does Bitcoin Currently Cost In South Africa

How Much Does Bitcoin Currently Cost In South Africa 2024-2025

Bitcoin is a new currency that was created in 2009 by an unknown person using the alias Satoshi Nakamoto. Transactions are made with no middlemen – meaning, no banks! Bitcoin can be used to book hotels on Expedia, shop for furniture on Overstock, and buy Xbox games.

How Much Does Bitcoin Currently Cost In South Africa

  • The code for the Bitcoin is BTC
  • The symbol for the Bitcoin is B
  • The code for the South African Rand is ZAR
  • The symbol for the South African Rand is R
  • The Bitcoin is divided into 100 cents
  • The Rand is divided into 100 cents
  • For 2022, one Bitcoin has equalled
    •    average: R 656,410.807
    •    minimum: R 527,845.213
    •    maximum: R 756,195.251

The Bitcoin is the currency used in Bitcoin Crypto

Currency Conversion Tables

   Bitcoin    Rand
B 1 R 573343
B 3 R 1720028
B 5 R 2866713
B 10 R 5733426
B 50 R 28667129
B 100 R 57334259
B 200 R 114668518
B 500 R 286671294
B 1000 R 573342588
B 3000 R 1720027763
B 5000 R 2866712938
   Rand    Bitcoin
R 1000000 B 1.74
R 3000000 B 5.23
R 5000000 B 8.72
R 10000000 B 17.44
R 50000000 B 87.21
R 100000000 B 174
R 200000000 B 349
R 500000000 B 872
R 1000000000 B 1744
R 3000000000 B 5232
R 5000000000 B 8721

What is the minimum amount to invest in bitcoin?

You can invest even a sum as low as Rs 100.

How do I buy bitcoins in South Africa?

Step 1: Sign up for an account with Luno.

Step 2: Verify your account.

Step 3: Deposit money into your account.

Step 4: Buy Bitcoin with ‘Instant Buy’

Step 5: Place a ‘Buy Order’ on the exchange to buy Bitcoin.