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How to Buy Crypto with Investec in South Africa

Last updated on November 12, 2023

Quick Summary: While Investec does not offer cryptocurrency trading through its own platform, you can make use of your account to purchase crypto through a third-party exchange.

There are a lot of South Africa cryptocurrency exchanges to pick from, but we suggest using the eToro exchange.

They offer the majority of most well-known cryptocurrencies and are simple to use. They have lots of advanced features but are also great for beginners.

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Investec Homepage

As mentioned in my quick summary, like most South Africa banks, Investec doesn’t allow users to trade cryptocurrency directly on their platform, due to the complexities with setting up a crypto exchange and comes with regulations and extra work for the banks.

There are a large number of cryptocurrency exchanges that you can use to buy Bitcoin and other cryptocurrencies.

Next you’ll want to sign up to an exchange (for this short guide I’ll use eToro as it’s a global and widely used exchange) and deposit funds so you can start trading crypto.

How to buy crypto or bitcoin with Investec

Let’s get started! Just follow our 4 quick steps.

1. Pick a cryptocurrency trading platform

As mentioned above, I’ll be using eToro for this guide as they are a widely used exchange and have a huge range of cryptocurrencies to choose from. It’s also one of the best exchanges for beginners and allows more advanced features when you get more comfortable with trading.

The steps in this guide should be similar for most trusted crypto exchanges, so feel free to use whichever you end up going with.

Let’s get started!

2. Create account with the trading platform

You’ll first need to create an account if you haven’t already, you can do using this quick link below.

Sign Up With eToro

Once you’ve filled out the basic information you’ll be asked for KYC (Know Your Customer) information, this is normal for crypto exchanges to stop any bad activity. This will often be called the “verification” process.

3. Fund your account

Next, you’ll need to add funds to your account using any of their deposit methods. For eToro there are many options such as bank transfer, PayPal, credit/debit card, and many more.

4. Buy crypto

Lastly, you’ll need to go to the “trade” section, this will differ for each exchange but it will usually have some variation of this.

It’s that easy! You’ve now got the tools to buy your first cryptocurrency with Investec.

Buy Crypto With eToro

About Investec

Investec is an international Anglo-South African financial and wealth management firm. It provides a range financial services and products to clients across Europe, Southern Africa, and Asia-Pacific.

Investec is listed on both the London Stock Exchange and the Johannesburg Stock Exchange. It is part of the FTSE 250 index.

Investec was established as a modest leasing and financing business around 1974, in Johannesburg, South Africa, by Larry Nestadt, Errol Grolman and Ian Kantor. It has grown through expansion and acquisitions. It obtained a banking license in the year 1980. It was initial listed on JSE Securities Exchange in South Africa in 1986 following joining with Metboard which is a trust company. It was in 1988 that Investec Bank Limited was transformed to become Investec Group Limited (“IGL”) which gave Investec Management and staff control of the company.

Investec employs around 8,200 employees around the world and is headquartered within South Africa and the United Kingdom. It also operates banking services across Australia, Ireland, Switzerland, Mauritius, Guernsey, Hong Kong, India, Jersey as well as Jersey, and the United States.

Investec is comprised of two distinct areas of operation, specifically wealth and banking and investment. The divisions that specialize in banking are private banking, which is for individuals with high net worth or individuals with high incomes, as well as investment and corporate banking. offering lending, transactional banking and trading, advice as well as investment and advisory services.