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7 Crypto Investment Tips in South Africa (2022)

Learn how you can make more informed decisions before investing into cryptocurrencies in South Africa.

Posted Apr 5, 2022

Crypto Investment Tips
Crypto Investment Tips

As cryptocurrencies continue become more ever-present in our digital lives, you may be wondering how you can start investing in it for yourself?

While there is no single sure-fire method, or tips regarding crypto investing, there are some things to keep in mind to help you make more informed and strategic decisions.

Important: It’s imperative that you do our due diligence and conduct your own research before jumping into any investment endeavor.

With that said, we’ll be discussing some tips you can take into consideration when investing in cryptocurrencies in South Africa.

New to crypto? Explore our learning hub to get started!

Invest only what you can afford to lose

The golden rule of any investment – which is also applicable in the crypto world – is to invest only in the amount you can afford to lose.

It’s easy to be tempted by the promise of high gains and returns especially with certain coins with high volatility. This tip is especially important for those who are just starting out with crypto.

Safety first

The cryptographic hash function that is used to validate cryptocurrencies like Bitcoin, Ethereum, and other coins are relatively secure. However, it is still important to keep security in mind at all times – especially if you happen to store your cryptocurrencies on the exchange itself, also known as a custodial wallet.

For the highest security, there are crypto hardware wallets, also known as cold wallets, such as the Trezor Model T and the Ledger Nano S and X. These wallets store your crypto assets offline and away from any potential threats online for an added layer of security.

If you prefer more accessibility of your crypto assets there are also hot wallets like the Exodus crypto wallet, and Coinomi, amongst other options. These feature user-friendly interfaces to make managing your crypto much easier.

More on wallets: Click here to view our picks for the best Bitcoin wallets in South Africa.

Practice dollar-cost averaging

Most times, cryptocurrency investors attempt to time the market; that is buy when prices are low and sell when prices are high. While it does open the opportunity for gains, it is still not advisable as the crypto market is relatively volatile.

It is best to buy and hold, or you can also practice a technique known as the dollar-cost averaging to minimize and even out your losses over a long period of time.

Learn more: Click here to learn more about Dollar-Cost Averaging.

Conduct your own research

As of this writing, there are over 19,000 different cryptocurrencies in circulation. Make sure to conduct your own background research into the crypto coins and tokens before you invest in them.

Learn how their blockchain works, their consensus protocol, their price history, and more. A good place to start is to learn about their whitepaper, which will outline their designs and visions of each of the cryptocurrencies.


Although Bitcoin remains the most popular of all cryptocurrencies, others like Ethereum, Cardano, XRP, and Polkadot are also worth looking into. Diversification is also an important aspect of building a healthy portfolio.

Take the time to learn about multiple coins and invest in as much as possible. As the saying goes, don’t put all your eggs in one basket!

Learn more: Read our in-depth guide on Bitcoin and Polkadot.

Join a community

You can accelerate your learning of cryptocurrencies by joining a crypto group or community. There is a vibrant community of eager investors who are constantly in communication with one another.

It wouldn’t hurt to join an online or physical community to get all the latest happenings going on in the world of crypto trading.

Drown out the noise

While it is good to join a community of other crypto traders, it is best to avoid groups who practice what is known as “pump and dump”.

These groups buy crypto coins just so that they can inflate the price artificially and then sell when the price is high. This means that early investors get bonuses and will dump the market as soon as the price falls.

Please, avoid such schemes, as they may offer high returns, but ultimately it leads to huge and regrettable financial loss. Learn what you can from the community, and drown out the rest of the noise.

Takeaways of crypto investments tips in South Africa

As with any investments, there will always be risks involved – this is especially true for highly volatile and speculative assets like cryptocurrencies.

When it comes to cryptocurrencies, the biggest challenge is not to get caught up in the hype. Stick with our tips above, and with a bit of luck, you should be fine!

How to buy crypto in South Africa

Buying crypto in South Africa is quick and safe with Easy Crypto. We make the process user-friendly and safe for our customers in ZA.

Screenshot of Easy Crypto South Africa homepage showcasing the ZAR and BTC pairing.
Get the best rates for over 100+ cryptocurrencies with Easy Crytpo.

Easy Crypto offers competitive rates, the flexibility of direct crypto swaps between your assets, and portfolio tracking amongst other features.

We hope the crypto investment tips discussed in this article have been informative and insightful for those wanting to invest in South Africa.

Keep in mind that this is not legal financial advice! Always conduct your own research before investing in anything, including cryptocurrencies.

Start here: Click here to sign up and start investing in crypto in South Africa.

Make sure to follow our Twitter, Instagram, and YouTube channel to stay up-to-date with Easy Crypto!

Also, don’t forget to subscribe to our monthly newsletter to have the latest crypto insights, news, and updates delivered to our inbox.

Disclaimer: Information is current as at the date of publication. This is general information only and is not intended to be advice. Crypto is volatile, carries risk and the value can go up and down. Past performance is not an indicator of future returns. Please do your own research.

Last updated Aug 2, 2022

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