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The closure of ICE 3x has now been well-documented with many people in Africa losing money after the cryptocurrency exchange went into liquidation.
There are currently a few ongoing lawsuits as investors try to claim back their assets that have been locked up by the company and CEO Gareth Grobbelaar.
It remains to be seen whether there will be a positive outcome in that situation.
But moving forwards, what are the best options for investing your crypto?
I have used over ten crypto exchanges, some are terrible, some are great. If you are living in South Africa, or other countries within Africa the first step should be to set up an account at LUNO. This is because it is easy to deposit and withdraw ZAR directly to and from the exchange.
However, the trading platform on Luno is severely limited and primitive. So once your fiat (local currency) is in there, I would suggest converting it to crypto (currently Luno only offers Bitcoin, Ripple, Litecoin and Etherium) and then transferring it to GATE.
Set up your account at GATE here. Gate is an excellent platform, highly secure and offers a massive range of trading options.
Another good exchange that I use is Binance which is open to most of the world except the USA.
I will soon be opening up a new crypto club for those who are interested in earning crypto on a daily basis, stay tuned for that or leave a comment below indicating your interest and I’ll notify you once the club is open.
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Get commission and discounts on all your trades at Binance – sign up here!