How to Buy Bitcoin
1. Exchange
Register for an account on a cryptocurrency exchange platform and complete the identity verification process by submitting the required personal information and documents, such as a government-issued ID.
2. Bank Transfer
Include the exchange as a beneficiary in your reference and perform a small test transfer (Electronic Funds Transfer or EFT) to the exchange. This step ensures that your payment setup is working correctly and that the exchange can successfully receive funds.
3. Buy Bitcoin
Once the funds have successfully been credited to your exchange account, navigate to the trading section, select Bitcoin (BTC) convert your deposited currency (such as RANDS, USD, EUR etc) into Bitcoin.
4. Transfer to Self custody
To gain full ownership and control of your Bitcoin, you must transfer it from the exchange to a self-custody wallet.
A self-custody wallet allows you to securely store your Bitcoin, giving you complete control over your private keys and ensuring that only you have access to your funds—unlike leaving it on an exchange, which holds custody on your behalf
Here is a detailed guide on how to set up a
Self Custody Wallet