What's new
Carbonite

Welcome to Carbonite! Register a free account today to become a member! Once signed in, you'll be able to participate on this site by adding your own topics and posts, as well as connect with other members through your own private inbox!

Where/How to withdraw Bitcoin/Ethereum into SA bank account?

Nokx

Junior Member
Rating - 100%
34   0   0
Joined
Jun 19, 2015
Messages
470
Reaction score
50
Points
1,085
Age
27
Hey all,

I'm not very experienced and what's the best way to sell BTC/ETH with the least amount of charges?
 

Dibzzz

Forum Addict
VIP Supporter
Reseller
Rating - 100%
498   0   0
Joined
Mar 2, 2012
Messages
4,390
Reaction score
375
Points
4,245
Age
31
Location
Cape Town
VALR and LUNO are the lowest fees, LUNO is now 0.1% for the taker and 0.0% for maker. with VALR its 0.2% for the taker and -0.1 for the maker which means you could make 0.1% ontop of what you sell.

R8.5 to withdraw to any SA bank in your name but you need to verify your identity first. If with Standardbank it will be instant as they both use Standard Bank, instant to another bank is R60 fee

Can also use Localbitcoins or sell to me :)
 

Ron Burgundy

Official Carbonite Classy Guy
VIP Supporter
Rating - 100%
127   0   0
Joined
Jun 10, 2011
Messages
3,795
Reaction score
198
Points
2,735
Location
Roodepoort
try to sell it to people here direct first then look at the exchanges in SA and their prices, I think Luno doesn't have withdrawel charges but does charge for crypto deposits

Edit: Seems Dibzzz has the info you want
 

Nokx

Junior Member
Rating - 100%
34   0   0
Joined
Jun 19, 2015
Messages
470
Reaction score
50
Points
1,085
Age
27
VALR and LUNO are the lowest fees, LUNO is now 0.1% for the taker and 0.0% for maker. with VALR its 0.2% for the taker and -0.1 for the maker which means you could make 0.1% ontop of what you sell.

R8.5 to withdraw to any SA bank in your name but you need to verify your identity first. If with Standardbank it will be instant as they both use Standard Bank, instant to another bank is R60 fee

Can also use Localbitcoins or sell to me :)
Awesome info! Thanks :D I might have a decent amount to sell. Will get in contact :)
 

Top Donors

$320.00
$265.00
$210.00
$185.00
$182.00
Top