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How to Buy Crypto with Sasfin Bank in South Africa

Last updated on November 12, 2023

Quick Summary: While Sasfin Bank 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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Sasfin Bank Homepage

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

Thankfully there are many cryptocurrency trading platforms to pick from that allow you 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 Sasfin

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 Sasfin Bank.

Buy Crypto With eToro

About Sasfin Bank

Sasfin Holdings Limited is a South African based bank-controlling company that was listed in the Johannesburg Stock Exchange (JSE) in 1987. Sasfin as well as its affiliates, most notably Sasfin Bank Limited provides financial products and services to wealthy and business clients. Sasfin is currently run by its CEO Michael Sassoon, and is located at Johannesburg, South Africa. It has multiple regional offices as well having an office located in Hong Kong.

Sasfin was established in 1951. For the next few years, its primary market was the entrepreneur as well as small and medium-sized enterprises. Following the grant Sasfin’s banking license in 1999 and the purchase of the stockbroking company Frankel Pollak (with a legacy that dates from the year 1890) In 2000, the Sasfin’s market was broadened to include high-net-worth corporate and individuals.

Sasfin helps investors and entrepreneurs to expand their businesses and wealth globally, assisting the creation of jobs and sustainable socio-economic growth, as well as creating the development of a savings culture.

Sasfin is creating a space where clients feel confident since they understand they facilitate the financial growth of their companies and in their lives.