Cryptocurrency, as it is known worldwide, is the new trend of investment and a very profitable one at that if done right. Cryptocurrency Trading in South Africa is currently unregulated while the government is working on a new regulatory system to regulate and control digital currency transactions. Bitcoin trading is legal in South Africa and could be done in any part of the country.
WHAT IS BITCOIN?
BITCOIN is a digital currency produced in 2009 that uses peer-to-peer technology. It follows the ideas set out by the mysterious Satoshi Nakamoto. Bitcoin is a decentralized system that records transactions in a distributed ledger called a blockchain. In a simple term, BITCOIN is a cryptocurrency, a digital currency that store value or act as a payment network.
BITCOIN TRADING means the buying and selling of bitcoin for most people in the bitcoin network. Bitcoin owners mostly purchase their cryptocurrency through a…