Buying Bitcoin in South Africa involves understanding the legal landscape, tax implications, and securing your investment. Bitcoin is legal and increasingly adopted, with 18% of South African internet users under 64 owning cryptocurrencies. The South African Revenue Service treats Bitcoin as an intangible asset, meaning profits are taxable under capital gains or income tax, with the top rate at 18%. Crypto gains must be reported to avoid penalties. To buy Bitcoin, you need a wallet, typically categorized as exchange, software, or hardware. Popular exchanges in South Africa include Luno, Valr, and OKX. The buying process on Luno includes creating an account, depositing ZAR, purchasing Bitcoin, and managing your wallet. Risks include market volatility, regulatory changes, security issues, and potential fraud. Keeping good records and staying informed about regulations will equip you to navigate the Bitcoin landscape safely and confidently.

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