tested South Africa’s first Ethereum exchange

ICE3X recently launched South Africa’s first exchange for Ethereum, allowing traders to buy and sell the cryptocurrency with rand.

The launch of the ETH/ZAR trading pair on ICE3X follows the relaunch of the exchange.

While there are several Bitcoin and alternative token exchanges which offer services in South Africa, Luno and ICE3X are considered the most reputable.

It should be noted that trading volumes on Luno dwarf those on ICE3X. However, ICE3X is essentially the only game in town if you want to buy Ethereum with rand.

ICE3X makes it clear in its terms and conditions that it is not a registered financial services provider.

“Nothing in this website is intended to be or should be taken as financial, legal, or taxation advice. Users should seek their own financial, legal, tax, and accounting advice as to the likely outcomes for them of trading Tokens,” it states.

Although not a registered FSP, ICE3X is a registered company in South Africa. The CIPC database lists Internet Currency Evolution Cubed (Pty) Ltd. as having a single director, and compliant.