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Overcoming Banking Challenges in South African Crypto Arbitrage

  • Writer: David Roux
    David Roux
  • Feb 6
  • 1 min read

One of the biggest obstacles for crypto arbitrage traders in South Africa is banking restrictions. Many local banks have imposed limits on crypto transactions, making fiat on- and off-ramps a critical consideration.

Why Banking Restrictions Matter

  1. Limited Crypto-Friendly Banks: Some South African banks block or delay crypto transactions.

  2. Foreign Exchange (Forex) Controls: Moving money between local and international exchanges requires compliance with SARB regulations.

  3. Delays and Transaction Fees: Traditional banking processes can slow down arbitrage trades, reducing profitability.

Solutions for Traders

  • Choose Crypto-Friendly Banks: Banks like Mercantile Bank and Investec are more open to crypto transactions.

  • Use Alternative Payment Methods: Stablecoins or P2P platforms can help move funds faster.

  • Work Within SARB Limits: Ensure your foreign investment allowances are not exceeded.

Struggling with banking restrictions? At Dooya, we provide tailored crypto arbitrage solutions to streamline your transactions. Get started today!

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