Coinexpress.co.za is a very convenient service when it comes to buying bitcoins quickly and at an attractive price. Your cryptocurrency is only a few easy steps away.
Important! Before deciding to buying bitcoin, you will need to have a wallet which is a digital place where you can store your cryptocurrency. If you have no idea how to set up your own wallet or which one to chose, please contact us for assistance. We intend to offer our own wallet service very soon.
Your first step for buying bitcoin will be to choose the option “Buy and Sell Bitcoin” from the top menu. Another way to buy is to click on the buy button where the bitcoin exchange rates are shown in real time.
Fig. clicking on the buy button
Once you have landed on the bitcoin buying page as shown above, the I want to buy bitcoin option is chosen by default. When you enter the buy page through the menu on the top, the default option will be to buy bitcoin.
Fig. The form to buy bitcoin
The form to buy bitcoin will initially be completed with example amounts for your easy of reference. If you change the BTC amount, it will be converted to South African rands (ZAR) in real time. The same applies if you enter a ZAR amount. If you know how much BTC you want to buy, then enter that amount into the “you will receive” field, and the needed ZAR amount will be converted and updated based on the exchange rate in real time in the “amount” field.
Please note. The prices and amounts shown exclude our 2% comission, and they show the price at the time of completing the buy form. However coinexpress will only exchange your funds into crytpocurrency based on the market exchange rate once they are reflected in our bank account! Therefore your final bitcoin amount might (or it might not) differ from the amount shown in the buy form.
The third option exchange on the buy form allows us to determine the manner in which you would like your ZAR funds to be convered into BTC. By default the automatic exchange option is selected by which your ZAR funds will immediately be converted into bitcoin in real time based on the exchange rate once they reflect on our end — without any additional approval on your end. However you may also choose the following three options in the exchange field:
- automatic – your deposited ZAR funds will immediately be converted into bitcoin in real time based on the exchange rate once they reflect in our bank account. No additional steps or approvals are required on your end.
- always confirm by email – when choosing this option, you will receive an exchange request by email from us with the current BTC/ZAR exchange rate once your ZAR funds have cleared into our bank account. You may approve or deny the exchange request. This option grants your greater control over your exchange rate however you will need to have access to your email at all times otherwise the exchange cannot take place.
- email confirmation only if price differs >3% – this option is a middle path of the two above mentioned options where you will only receive an exchange request by email (and be required to act on it) if the bitcoin price differs more than 3% from the price shown at the time that you completed the buy form. However if the price difference is less than 3% then your funds will be converted automatically.
Fig. Choosing the exchange options
In the bitcoin address field you need to enter your wallet address where you wish your bitcoins to be sent after your ZAR are converted.
Below you will need to provide your contact details such as your mandatory email address and phone number. While we do not require you to provide a phone number, we strongly recommend in doing so as this will allow us speedy contact with you and assistance in cases of spelling errors or other mistakes made on that form.
Your final step will be to accept our terms and conditions and to click on the Buy Bitcoin button.
A few seconds later after you click on the buy bitcoin button, our banking details AND your unique reference number will appear. Please be aware that we can only accept electronic fund transfers in South African Rands made from a local bank account held in your name!
Fig. Our banking details
Please make sure that you quote your unique reference number in the Beneficiary field when making the electronic funds transfer from your account.
You need to transfer the exact amount as agreed to and shown in the buy form.
All transaction details will also automatically be emailed to the address that you provided in the buy bitcoin form.
All funds will automatically be converted into bitcoin after they have cleared into our account, and in cases where the email confirmation option was selected, your funds will be converted after you have accepted and clicked on the confirmation link in your email.
