This platform represents a crypto exchange characterized with a user-friendly trading terminal, available in mobile and web versions for both Android and iOS devices. Kucoin enables the exchange and trading of cryptocurrencies, margins, futures and spots.
Getting to know the availability of a trustworthy cryptocurrency exchange in a country highlights the need for the safety and security of your digital assets.
Continuous engagement and interest in KuCoin services had been observed among South Africans but eyesbrows are continually raised over it’s legalization and safety within the country.
As you continue to read this article, you’ll be getting more insights on Kucoin’s availability in South Africa alongside other useful and related information.
Is Kucoin available in South Africa?
The South African rand (ZAR) has concrete support from KuCoin by allowing customers to buy crypto with it alongside the New Zealand dollar (NZD) on the Simplex platform.
This is done when you as a user log on to the “Buy Crypto with Credit Card” page and choose the Simplex platform. Aftermath, you go to ‘next’ to fix your payment currency as South African rand (ZAR) or New Zealand dollar (NZD) thereby using any of the fiat currency to directly procure your crypto.
Is KuCoin legal in South Africa?
While you must generally proofread an exchange to be sure that it engages its operation via the use of a financial license, it’s vital to know prior to dealing with such exchange if they’re lawfully regulated by the designated financial regulatory bodies.
Moreso, it’s imperative to be aware that it’s possible that a cryptocurrency exchange may not be regulated in South Africa, yet it can operate with a license that’s issued by another regulator that’s readily dependable.
This means that it’s likely that a crypto exchange doesn’t have a license to present as a document in this context because of the unusual choices of cryptocurrency regulation in many countries when it comes to adopting licensing law.
However, South Africa clients of KuCoin cryptocurrency exchange can still choose it as it does not have a financial license, which is largely owed to the fact that the financial regulator of the country does not give licenses to crypto exchanges in the general case.
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Where to buy KCS in South Africa?
It’s important to know that there are several means of converting your South African rand (ZAR) to KuCoin Shares (KCS). Some of these means can either be done by purchasing it directly from a person, purchasing it via Easy Crypto, or via a centralised or decentralised exchange that enables it.
Meanwhile, you can get the best combinational features of the other two means of converting to KuCoin Shares via the Easy Crypto option.
The Easy crypto option enables you to purchase KCS with your South African rand (ZAR) without the need to change your currency into any other currency. Moreso, It is user friendly and fast.
Furthermore, the Easy crypto option also provides you with the avenue of not having to deposit any sort of money with anyone before you can trade; as all cryptocurrency will be received by you and directly into your own personal crypto wallet.
Related:
- Is Kucoin available in UK?
- Is Kucoin available in India?
- Is Kucoin available in Malaysia?
- Is Kucoin available in Canada?
- Is Kucoin Good for Day Trading?
- Does Kucoin Reports to IRS?
- Is Kucoin available in Pakistan?
- Is Kucoin Available in Kenya?
- Is Kucoin Available in Indonesia?
- Is Kucoin Available in Iraq?
Conclusion
It’s quite difficult to find out whether a crypto exchange is legally available or not. Nevertheless, that a crypto exchange does not have a license doesn’t mean that traders from South Africa will have problems while working with it.