Best New Crypto Coins to Buy in 2023 South Africa – Beginner’s Guide
Even though the cryptocurrency market has performed exceptionally well in recent months, Bitcoin and the rest of the cryptocurrency ecosystem have set new all-time highs in February and again in November. On top of that, due to the boom of blockchain technology, thousands of new digital coins that will explode in the future are being launched every day.
This article will help you learn about the top new crypto coins to buy in South Africa in 2023, as well as what you can do to invest in them if you are a beginner.
10+ Best New Crypto Coins South Africa – List
Here is a list of the best new cryptos to buying South Africa right now.
- $WSM (Wall Street Memes) – The overall best new crypto to buy in South Africa with a cult following of over 1 million on social media and recognition form Elon Musk.
- $BTCBSC (Bitcoin BSC) – A New Green Alternative to Bitcoin
- $SONIK (Sonik Coin) – New meme crypto that will see speedy gains in 2023. Invest during the presale for high returns.
- LPX (Launchpad XYZ) – Innovative new crypto that will provide South African investors with access to web3. Investors can earn through staking as well as other web3 applications.
- YPRED (yPredict) – New crypto AI marketplace that will provide access to the best AI trading tools on the market. yPredict will reward AI developers and help traders to improve their skills.
- CHMPZ (Chimpzee) – The best new green crypto to buy for passive income. Investors can earn rewards in four ways whilst contributing towards sustainable initiatives.
- ECOTERRA (Ecoterra) – Recycle-to-earn new cryptocurrency for green investors. The best new eco-friendly crypto project for passive income.
- BTC20 – The next bitcoin that is set to explode in 2023. A chance for investors to profit from the early stages of the world’s biggest crypto token.
- $AI (AiDoge) – Top AI crypto project with potential in South Africa. The project allows anyone to create high quality memes using crypto tokens.
Best New Crypto To Buy in South Africa – Reviewed
There are an increasing number of crypto coins every day, but not all of them attract enough attention and traction to reach the moon or skyrocket to success. Based on current trends, the following list of top cryptos to buy will give you a general idea of some of the best cryptos to invest in, even though we cannot predict what will happen to a coin in the future.
Because cryptocurrencies are highly volatile, traders should always take precautionary measures due to their volatile nature when trading them. Therefore, you must do your research to be aware of the risks involved with this particular type of activity. In the following paragraphs, you will find a mini-guide to ten brand new cryptocurrencies that could be worth investing in or keeping an eye on during the upcoming year 2023.
1. WSM- Wall Street Memes – The overall best new crypto to buy in South Africa
$WSM is set to be the next meme token to explode in 2023 which makes it an excellent project to get behind for guaranteed gains. The project has attracted the attention of Elon Musk and has a cult following of over 400k members.
Wall Street Memes has been around for several years and the new $WSM meme token is the latest addition to the franchise. Wall Street Memes was created to provide a space for investors to troll the volatile markets and connect with like minded individuals. The new $WSM token will take this trolling one step further by encouraging investors to send a ‘worthless’ token to the moon whilst others suffer. As a meme coin, $WSM has no utility other than to gain value and offer returns to early investors.
The Wall Street Memes project has a huge social media following and is active of discord and twitter. Community members who show their support for the project by holding $WSM will be invited to exclusive airdrop events where they will receive free tokens. This will encourage investors to HODL.
The project also recently launched a collection of NFTs call Wall St Bulls. The NFTs are available on popular NFT marketplace OpenSea. $WSM is an ERC20 token that has a limited supply of 2 billion. 100% of tokens will be given to the community which increases the appeal of the project. You can invest early via the presale event with ETH or USDT.
Learn more about how to buy $WSM.
Your capital is at risk.
2. Bitcoin BSC – A New Green Alternative to Bitcoin
Bitcoin BTC is a new token on the crypto market that aims to give those who have missed out on Bitcoin the opportunity to invest in a promising project. Now, investors who want to invest in a currency with the same growth potential as Bitcoin can buy the BTCBSC token for just $0.99, the historical price since 2011. Bitcoin BSC is a completely autonomous project that is not affiliated with Bitcoin, nor is it a price manipulation tactic. BTCBSC was created with the goal of providing daily profits to its long-term holders. This includes profits through APY and through the potential increase in its value in the future.
Bitcoin BSC is an eco-friendly BEP-20 token developed on the Smart Chain, which reinterprets the concept of Bitcoin by focusing on staking rather than traditional mining. Holders of BTCBSC can generate passive income by staking, receiving rewards based on the number of stakes and linked to the original block reward of the bitcoin mechanism.
The BSC token is now available for purchase in the pre-sale campaign for $0.99. 29% of the total token supply, or 6,125,000, will be allocated in the pre-sale, resulting in an initial market value of $6,063,750. With a maximum total supply of 21,000,000 tokens, the remaining 14,455,000 BTCBSC will be allocated as rewards to those who participate.
Your money is at risk.
3. Sonik coin – New meme crypto that will see speedy gains in 2023
One of the latest meme projects is Sonik coin, the coin that was inspired by the famous cartoon about the super-speed hedgehog. The Sonic character is loved all – making it a popular new crypto to add to your portfolio. Taking advantage of its popularity and incredible speed, meme coin $Sonik aims to dominate the crypto market and to give investors the opportunity to earn an income.
Why should you pay attention to this project? Due to the implementation of a fast staking mechanism (from 7 Days), you will receive rewards if you decide to stake your coins after the pre-sale ends. You will also have the opportunity to earn passive income, as Sonik plans to increase the investments of those who joined the project in the early phase of the pre-sale, or you will be able to resell the coins. Another aspect that should be mentioned is the deflationary mechanism of the cryptocurrency which aims to increase the value of the Sonik coin in the market over time.
With a pre-sale that raised $30,000 in just 24 hours, now is the time to join a project with high growth potential. You can buy Sonik at a cheap price for a project with a high chance of reaching the top. Click the button below and go to the official pre-sale page.
Your capital is at risk.
4. Launchpad XYZ – Innovative new crypto that will provide access to web3
Launchpad XYZ has been created by a team of web3 experts to provide a one-stop-shop for the web3 space. At the moment, web3 adoption is slow because many people find it difficult to navigate. With Launchpad XYZ, users will be able to find everything that they need in one place.
Amongst the different features available on the platform include play-to-earn games, token presales, airdrops, token ratings, market analysis, automated trading tools, signals, NFT marketplaces and a DeFi wallet. The platform will provide access to the best web3 applications on the market.
To use Launchpad XYZ, users must hold LPX tokens. LPX will grant access to the ecosystem and can also be used for staking, purchasing digital assets and swapping. LPX has strong utility and is likely to increase in value as the platform becomes more popular. Therefore, the best time to buy the token is during its ongoing presale event.
Unlike some web3 projects which promise great outcomes but never deliver, Launchpad XYZ is backed by a team of experts who are passionate about the product that they have created. A percentage of LPX tokens will be held for project developments that will allow the team to continue their work and improve Launchpad XYZ for its users.
This is an excellent web3 project to invest in if you are looking for the next best long term crypto.
Your capital is at risk.
5. YPRED – New crypto AI marketplace that will reward developers and traders
yPredict is the world’s first marketplace for algorithmic and AI trading tools that aims to help both traders and developers. The tool offers a subscription based payment system which allows traders to pick and choose which tools they use each month and will provide developers with regular income from their creations.
Developers can list their models on the yPredict marketplace for traders to use. Before listing, each model is tried and tested to make sure that it will generate the returns that it claims. Users can vote for models to be de-listed from the marketplace if their become ineffective overtime. This means that users can trust that every model listed on the platform will produce positive results.
To access the platform and subscribe to models, traders must hold YPRED tokens. developers are then rewarded with these tokens each time that a users subscribes to their models. YPRED is a polygon based crypto asset with a limited supply of just 100 million. 80 million tokens are available to buy at a low price via the ongoing presale event.
If you want to invest in an AI crypto project with a strong backing, great presale and unique utility, yPredict is certainly the best option for you.
Your capital is at risk.
6. Chimpzee – The best new green crypto to buy for passive income
Chimpzee, an emerging cryptocurrency project, is garnering attention for its dual commitment to combating climate change and revolutionizing financial practices. The presale has already finished, but this will for sure be the next crypto to explode!
With a strategic token burn aimed at amplifying investor interest in its CHMPZ token, Chimpzee stands as a unique venture poised to make a difference. By intertwining token sales with environmental conservation efforts, Chimpzee aims to reshape the landscape of eco-conscious cryptocurrencies.
Chimpzee’s success story is rooted in its distinctive approach. Unlike other crypto projects, Chimpzee integrates token sales with conservation causes, embodying a refreshing fusion of altruism and innovation.
The project’s tangible contributions further illustrate its commitment. From planting trees to supporting animal preservation initiatives, Chimpzee’s milestones reflect its genuine dedication to positive change.
Its diverse earning avenues, powered by Web3 technology, include the Chimpzee Shop, NFT Marketplace, and Zero Tolerance Game. These offerings, coupled with presale bonuses, have garnered global interest, positioning Chimpzee as an attractive investment option.
The CHMPZ token burn initiative showcases Chimpzee’s earnest commitment to fostering sensible tokenomics and enhancing value. Through strategic token burns at different stages, Chimpzee aims to reduce the total supply, underpinning the token’s value proposition.
Chimpzee’s roadmap reveals a dynamic journey ahead, encompassing environmental contributions, innovative earning platforms, and strategic partnerships.
Your capital is at risk.
7. ECOTERRA – Recycle-to-earn new crypto for green investors
EcoTerra is a recycle-to-earn app that can be used by both individuals and businesses to earn for their recycling behaviours. The platform encourages people to recycle everyday objects with points that can be exchange of cash rewards overtime. To earn points, users simply scan materials into the EcoTerra app – each item is worth a specific amount of points.
When users earn enough points, they can be exchanged for ECOTERRA crypto tokens. These tokens can be cashed out or used to support further environmental initiatives through the carbon offset marketplace. Here, users an use their tokens to fund carbon offset programmes such as tree planting. When a user chooses to do this instead of cashing out their rewards, they are rewarded with a valuable NFT.
ECOTERRA tokens, whose presale has already ended, can also be spent in the recycled goods marketplace. This is a unique feature that allows businesses to source recycled materials that have been scanned in by users. This feature of the platform will expand as use increases.
Users can keep tabs on their environmental impact through the in-app Impact profile. Each user’s impact profile showcases their efforts- this could be useful for businesses who want to show their environmental impact to customers.
Your capital is at risk.
8. BTC20 – The next bitcoin token that is set to explode in 2023
BTC20 (BTC20), a novel cryptocurrency priced at $1 and built on Ethereum, is revolutionizing the market by aiming to replicate Bitcoin’s bull cycle.
By introducing an ERC-20 token available for purchase at just $1, BTC20 offers investors access to staking opportunities, aligning token releases with Bitcoin’s block reward mechanism. This innovative strategy creates a dynamic environment that welcomes both seasoned and novice investors to engage in staking and actively participate in the expanding blockchain ecosystem.
BTC20 presents an intuitive user interface and an affordable entry point, enabling a wider range of individuals to partake in the world of digital assets.
Positioned as a Proof-of-Stake (PoS) cryptocurrency token on Ethereum, BTC20 embodies Bitcoin’s legacy while offering passive income through staking. By transitioning from Proof-of-Work (PoW) to the energy-efficient PoS model, BTC20 allows users to stake tokens and earn rewards proportionate to their staked amount. The staking contract forms the core of this mechanism, enabling users to stake BTC20 tokens and receive rewards. As more tokens are staked, the percentage of earned rewards increases, fostering a community-driven ecosystem.
As we approach the future, BTC20 stands poised to make a profound mark on the cryptocurrency landscape. The team’s steadfast commitment to openness, inventive thinking, and the core tenets of Bitcoin instills a sense of reliability and responsibility among its community members.
Your capital is at risk.
9. $Ai – Top AI meme crypto project with potential
AiDoge is a brand new AI mem generation platform that aims to revolutionize the meme creation space. The platform will allow users to generate memes with simple text prompts that can be shared across social media, used for marketing or sold as an NFT.
To create memes, users must buy credits with $Ai tokens. $Ai is an ERC20 asset with a deflationary supply that will put upwards pressure on the crypto over time. It is believed that the token will be very popular in the AiDoge community so those who invest early will be significantly rewarded.
Users will not need to have any prior design experience to create memes with AiDoge. The platform is accessible to artists at all levels which makes it appealing to those who are interested in entering the meme space.
Talented meme creators will be rewarded with crypto tokens if their memes are voted for by the community. Popular memes will be displayed on the platform all for everyone to see. The aim of the AiDoge platform is create a supportive meme community in which users can receive rewards, connect with each other and have fun.
The presale has already ended but you can still read our how to buy AiDoge article to learn more about the meme crypto project with potential.
Your capital is at risk.
Best Platforms to Buy New Crypto Coins – List
- Capital.com – Overall Best Place to Buy New Crypto Coins South Africa
- Binance – Top-Rated Crypto Exchange to buy new crypto coins in South Africa
- Coinbase – Great Beginner Platform for Crypto South Africa
- Kraken – One of the Most Established Crypto Exchanges in South Africa
- Crypto.com – Fast and Secure Cryptocurrency Exchange
Best Platforms to Buy New Crypto Coins – Step by Step Guide
Choosing the best crypto exchange or platform for you to trade on is one of the first steps in finding the best crypto investment to take part in. If you are looking for a platform that offers new crypto coins to invest in or just the best crypto to invest in that suits your needs, then we have reviewed some that are worth checking out.
1. Capital.com – Overall Best Place to Buy New Crypto Coins South Africa
Capital.com is our top recommendation to help you buy the best crypto to invest in if you want to get the most out of your investment. They are an all-in-one trading platform that offers CFD crypto trading, among other instruments. Since the Capital.com platform is easy to use, secure and offers zero commission, we believe it is suitable for most people.
As for beginners, Capital.com offers what’s known as an ‘example account’ that can be used to trade with virtual equity without having to invest a single penny. You can practice trading your favorite crypto coins to invest in or any trading strategy you fancy through the demo account with the demo account.
To start trading with Capital.com, a $20 deposit is required, which can be made in various ways.
Capital.com fees
Fee | Amount |
Crypto trading fee | Spread. 100 pips for Bitcoin/USD. |
Inactivity fee | Free |
Withdrawal fee | Free |
Pros:
- With 0% tight spreads, you can trade thousands of share CFDs
- Integration with the MetaTrader 4 trading platform
- Brokerage services for NASDAQ as well as NYSE and other global markets
- App for educational trading with Investmate
- There are more than 75 technical indicators
- Demo account access
- We consider it one of our best platforms for trading forex
- Customer service available 24/7
- The company accepts a wide range of payment methods, including credit and debit cards, Apple Pay, and bank transfers
- There are no deposit fees
Cons:
- Web platform does not allow setting price alerts
- Only CFDs and real stocks are available
67% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
2. Binance – Top-Rated Crypto Exchange to buy new crypto coins in South Africa
In terms of daily trading volume, Binance is the largest crypto exchange out of all the exchanges that we have reviewed with a volume of over $50 billion, making it the world's most popular exchange. The exchange provides its users with the opportunity to access quite a few useful features. For example, this exchange is a great place to access Bitcoin, Ether, and many other cryptocurrencies and great liquidity, as many assets see significant trading activity on this exchange.
Binary offers trading commissions that start at 0.1 percent as a trading platform, and KYC is one of the simplest processes you'll ever come across. Aside from cryptocurrency futures and leveraged trading on Binance, traders can also gain access to crypto futures and leveraged trading on the exchange, which will allow them to buy crypto worth more than what they have in their wallets.
Through Binance, you can also purchase Bitcoins using fiat currencies. However, if you do not live in a country where bank transfers are relatively cheap, there is a possibility that you may have to wait a few days before the funds arrive in your account. As a result, if you want to benefit from a fast deposit, you may consider using your credit card or debit card.
Binance fees
Fee | Amount |
Crypto trading fee | Commission, starting from 0.1% |
Inactivity fee | Free |
Withdrawal fee | 7.50 ZAR |
Pros:
- The trading volume of hundreds of billions per day
- Liquid markets as a central exchange
- Supports hundreds of cryptocurrencies
- Deposits can be made almost instantly with bank cards
- The commission is just 0.1% per slide
- Use Binance Coin (BNB) for fees and receive a 25% discount
- Based on the Binance Earn review, you can earn from holding cryptocurrencies
- Savings accounts for cryptocurrency
Cons:
- Other regulations are absent
- It is not a decentralized exchange
Your Money Is At Risk.
3. Coinbase - Great Beginner Platform for Crypto South Africa
The third company on our list is Coinbase. This online cryptocurrency exchange offers an easy-to-use platform and a large selection of 50 different cryptocurrencies for you to choose from. There is also a secure platform provided by the exchange for you to find the best cryptocurrency to invest in, and it is available in over a hundred different countries.
In addition to the security Coinbase provides, it also offers its cryptocurrency wallet that users can access and the security they provide to their users. Using Coinbase Wallet, you will be able to store all of your crypto assets in one place, as the wallet supports over 4,000 assets and a wide range of different dApps.
Coinbase fees
Fee | Amount |
Crypto trading fee | Commission, starting from 0.50% |
Inactivity fee | Free |
Withdrawal fee | 1.49% to a US bank account |
Pros:
- More than 100 tradable cryptocurrencies
- Beginners will find this a good place to start
- A platform that is easy to use
- Registering as a Money Services Business with the Financial Crimes Enforcement Network (FinCEN)
- Lots of crypto-related educational resources available
- Providing live phone support on a 24/7 basis
- Supports debit cards as well as bank transfers
- The app that is rated as one of the best mobile apps
- Offers a wallet for crypto assets
Cons:
- A limited number of trading tools are available
- Copy-trading and social trading features are not available
- Investing in crypto only - not able to invest in other assets like stocks
Your money is at risk.
4. Kraken - One of the Most Established Crypto Exchanges in South Africa
As one of the most well-known crypto exchanges in the crypto community, Kraken, was launched just two years after Bitcoin's debut in 2013. Considering this reason alone, this could be argued to be a great platform to find new crypto coins to invest in and to find the best crypto to invest in.
Currently, over 50 cryptocurrencies are offered on the platform, and this number is expected to increase in the future. Additionally, there are two kinds of interfaces that Kraken offers that can be used. In comparison, the basic trading view offers a more simplified and user-intuitive interface for new crypto investors, whereas the professional trading view is designed for more seasoned crypto investors.
Kraken fees
Fee | Amount |
Crypto trading fee | There is a 0.9% fee for USD to stablecoins,
or 1.5% for any other crypto or FX pair |
Inactivity fee | Free |
Withdrawal fee | There is a flat fee based on the coin; 0.00002 BTC for Bitcoin |
Pros:
- Kraken Pro Advanced for more technical tools
- Almost all deposits are kept in highly secure offline cold storage
- Authentication with two factors is available
- At the system and data levels, account information is encrypted at rest
- At competitive fees, over 50 cryptocurrencies are available
- $10 is the minimum deposit required
- Leveraged crypto trading up to 5x for selected countries
- Support available 24/7
Cons:
- ZAR is not available as a funding currency
- Limited customer support is available
Your money is at risk.
5. Crypto.com - Fast and Secure Cryptocurrency Exchange
It is considered one of the most secure and fastest cryptocurrency exchanges in the industry and offers trading for over 250 different cryptocurrencies and stablecoins under its belt. In addition, they offer a DeFi wallet and 14% a year from staking stablecoins.
For those interested in investing in crypto and who are curious about the implications of DeFi, Crypto.com might be a good choice. In addition, it offers derivative trading when you buy certain cryptocurrencies, which means those who wish to leverage their positions can do so as well on the platform. Finally, Crypto.com requires a minimum investment of 1 USD for each transaction.
Crypto.com fees
Fee | Amount |
Crypto trading fee | 0.04% maker and taker fees |
Inactivity fee | Free |
Withdrawal fee | According to the currency withdrawn. 0.0004 for BTC |
Pros:
- Supports over 250 cryptocurrencies as well as stablecoins
- Staking stablecoins on the platform can result in 14% annual returns
- Get up to 8% back on your purchases when you use the Crypto.com Visa Card
- The NFT marketplace is now available
- There are multiple DeFi integrations on the website
- A fee structure that is competitive, transparent, and offers discounts
- Support the development of a cryptocurrency ecosystem
Cons:
- Fees are higher unless you use CRO
- Trading fee discounts are difficult to navigate
Your Money Is At Risk.
Best New Crypto Coins to Buy in South Africa - Fee Comparison
Capital.com | Binance | Coinbase | Kraken | Crypto.com | |
Crypto Trading Fee | Spread. 100 pips for Bitcoin/USD. | Commission, starting from 0.1% | Commission, 0.034% | The fee for USD to stablecoins is 0.9%, | Crypto Trading Fee |
Inactivity Fee | $10 a month after one year | Free | Free | Free | Free |
Withdrawal Fee | Free | 7.5 ZAR | 1.49% for a US bank account | There is a flat fee based on the coin; 0.00002 BTC for Bitcoin | 0.0004 for BTC, according to the currency withdrawn |
How to Buy the Best New Crypto Coins – Capital.com Tutorial
Those who already have a lot of convictions in the cryptocurrency sphere and know which are the best cryptocurrencies to invest in, then we will show you step-by-step how to invest in cryptocurrency through Capital.com, our recommended crypto trading platform.
Step 1: Open an Account
The following is a guide on how Capital.com can help you invest in crypto. First of all, go to the platform's website and click on the Trade Now button on the top right-hand corner of the screen. Then, all you need to do is make sure your e-mail address and password are correct. After that, the registration process can be started by linking an existing Facebook, Google, or Apple account, so if you already have one, you can use that as well.
67% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
Step 2: Upload ID
In order to use the service, you must first verify your account by uploading a valid ID; since unverified accounts are not part of the platform's verification process, you will be asked to upload documents such as your driver's license or passport.
Step 3: Deposit Funds
You can deposit funds into your account after it has been verified. Capital.com offers a variety of deposit options ranging from wire transfers, bank cards (Visa, MasterCard), and lots of different foreign and local third-party channels such as Skrill, Neteller, AstroPay, and QIWI.
Step 4: Buy New Crypto Coins
Now that your account is funded, you can begin investing in cryptocurrencies. All you have to do is go to the Capital.com dashboard and search for the cryptocurrency of your choice. If you choose to buy or sell crypto on Capital.com, you will be using crypto derivatives.
Conclusion
Throughout the recent crypto craze, there has been a lot of talk about new blockchain technologies, meme coins, and the Metaverse, which has led to many new crypto projects being conceived. Nevertheless, it's important to remember that any crypto asset comes with some risk associated with it.
It is recommended to use Capital.com to buy new crypto coins because it is fully regulated and does not have commissions. In addition, by opening a free Capital.com account, you will have the opportunity to experience all of the features and benefits of this website.
Wall Street Memes – Best New Crypto That Could Explode In 2023 In South Africa
Your capital is at risk