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Author: Admin | 2025-04-28
Have access to cheap electricity and hardware.Provide services and sell products for Bitcoin through marketplaces.Invest in Bitcoin and hold long-term as its value increases.Trade Bitcoin CFDs through online brokers to profit from price movements.Get paid in Bitcoin for completing tasks on platforms like Cointasker.Use a crypto exchange like Luno to buy and sell Bitcoin easilyOne of the easiest ways to make money with Bitcoin in South Africa is to use a local crypto exchange like Luno to buy and sell BTC. Here are some tips:Sign up for a free Luno account and complete the verification process to get level 2 access so you can deposit and withdraw ZAR.Fund your Luno account via bank transfer or instant EFT. There are no deposit fees.Buy BTC – Once your ZAR is in your Luno wallet you can buy Bitcoin instantly. The interface is very user friendly.Transfer to trading account – Transfer your BTC from your Luno wallet to the Luno exchange so you can trade.Sell at a higher price – If the BTC price rises you can sell and take profit in ZAR. Even small 1-2% price moves can lead to profits if you sell at the right time.Set limit orders – Use limit orders to automatically sell if BTC hits your target price. This strategy lets you set and forget.Use stop loss orders – Set stop losses to limit any potential downside if the market moves against you. Smart risk management is key.Practice good security – Enable 2FA and store your funds offline in cold storage for better protection against hacks. Only keep small amounts in your Luno wallet online.Pros of using Luno:Easy to use interface and trading platformLow fees of only 0.5% per tradeDeep liquidity so you can buy and sell easilyEstablished company founded in 2013 and backed by large investorsOffers storage through Luno wallet and Luno savingsCons of using Luno:Limited payment options – bank transfers onlyLower liquidity vs global exchangesDoesn’t support advanced trading options like marginLuno is a great on-ramp for South Africans to access the cryptocurrency markets with reasonable fees.The simple buying and selling process makes it easy for
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