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Summary: The only way to buy Bitcoin with a Capitec Bank account is by despositing fiat to centralized cryptocurrency exchange like Bybit.
They accept ZAR deposits from Capitec Bank debit cards, credit cards and more.
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Can I buy Bitcoin with Capitec Bank?
Capitec Bank does not yet offer any services for their clients to buy Bitcoin and other cryptocurrencies through their internet banking platform.
With that said, Capitec Bank does have friendly policies toward cryptocurrencies. This means that customers can sign up to licensed digital asset trading platforms and deposit South African Rand (ZAR) directly from their Capitec Bank account.
How to buy Crypto with Capitec Bank
The easiest way to buy cryptocurrencies with Capitec Bank from South Africa is through the Binance exchange. They offer easy and safe onboarding for residents of South Africa and cheap ZAR deposits.
Follow the guide below to get started.
- Sign up to Bybit
- Complete your identity verification
- Visit the ‘Buy Crypto’ tab and select ‘ZAR’
- Find the cryptocurrency you want to buy and follow the Deposit steps.
- Execute your trade
Will Capitec Bank Freeze my Account?
No. Capitec Bank does not have any internal banking policies that prohibits their customers and clients from trading and holding digital assets. Further, there has been no mandate from the South African Central Bank to place any banking bans on cryptocurrency investors and traders.
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