How to cash out crypto in South Africa
Retail exchange, peer-to-peer, crypto card and OTC desk, compared honestly on cost, speed, limits, KYC and how each one fails.
Knowledge hub · South Africa
Guides to crypto assets in South Africa.
Eight long-form guides on the questions clients actually ask before a large trade: how to get rand out of a crypto position, what SARS expects, what the FSCA licence means, and how to tell a real desk from an expensive lesson.
Conexus is an over-the-counter desk that converts USDT and other crypto assets into the currency a client banks in, and back. This hub is narrower than the business on purpose: it documents South Africa, the market the desk has an office in and knows in detail. Every guide says so at the top, so a reader elsewhere knows what they are reading.
These pages exist because most crypto writing aimed at South Africans is either an advertisement or a translation of American rules that do not apply here. Ours are written by the dealing desk, for people about to move a meaningful amount of money, and every regulatory statement carries the instrument and the date behind it so you can go and read the source yourself.
Three things you should expect from every page in this hub. It will say what the desk will not do as readily as what it will. It will not tell you whether to buy or sell anything, because that is advice and it is separately licensed. And where the position is a draft or genuinely unsettled, it will say so rather than smoothing it into confidence.
Getting started
Start with how the money actually moves.
If you are new to converting crypto assets in South Africa, start here. These four explain the routes, the mechanics and the two situations that bring most people to a desk in the first place.
OTC versus exchange
Order-book mechanics, a worked slippage example with real arithmetic, price certainty, counterparty risk and where each model wins.
USDT in South Africa
What a stablecoin is and is not, choosing between TRC-20, ERC-20, BEP-20 and Solana, issuer and reserve risk, and why businesses receive it.
Buying property with crypto
The conveyancing sequence, the attorney trust account, FICA three times over, transfer duty, and what Joint Communication 1 of 2026 changed.
Regulation and tax
Every rule, with its instrument and its date.
Every statement in this section is tied to a named instrument and a date, so you can read the source rather than trust the summary. Drafts are labelled as drafts.
Is crypto legal in South Africa?
Legal, regulated and not legal tender, all at once. The FAIS declaration, FSCA licensing, the FIC Act and what regulation does not protect you from.
Crypto tax in South Africa
The SARS position, revenue versus capital, where the burden of proof sits, CARF from 1 March 2026, records to keep and an illustrative worked example.
Exchange control and crypto
The R2 million and R10 million allowances, what FinSurv will not approve, the conduct that is a criminal offence, and the 2026 draft manual.
Staying safe
Check the counterparty before you send anything.
Before a large transfer, the most valuable thing you can do is verify the person on the other side. This is how.
Avoiding crypto scams in South Africa
The repeating patterns behind the largest failures, the specific red flags, how to verify an FSCA licence and a CIPC registration, and what a real desk never asks.
Verify our official channels
The only phone number, handles and domain the desk uses. Impersonation is now the most common attack, and it is defeated by checking first.
Our compliance position
The statutes the desk works under, how our registration and licence position is published, and the reporting duties that apply to us.
How these guides are written
Nothing here is financial, legal or tax advice, and none of it takes account of your circumstances. Conexus Crypto provides an exchange service: we buy and sell crypto assets for fiat at an agreed rate, in South Africa for rand. We do not manage money, we do not advise on whether to hold an asset, and we are not registered tax practitioners.
Where a guide states a rule, it names the instrument: a general notice, a section of an act, a directive, a circular or a joint communication, with its date. Where a document is a draft open for comment, we label it a draft. Where a figure is invented to illustrate arithmetic, we say so in the paragraph before it. Material changes are recorded on the regulatory updates page.
If you want the mechanics instead
The guides explain the landscape. If you want to know how a specific trade runs at this desk, the operational pages are more useful: the trade lifecycle, onboarding and FICA, settlement and payment rails, and fees and limits. Indicative pricing is on the live rates page.
Ask the desk a question first.
You do not have to trade to talk to us. Tell a trader what you are trying to do and you will get a straight answer about whether this desk is the right tool for it.
Investing in crypto assets may result in the loss of capital, as the value is variable
and can go up as well as down. A crypto asset is not legal tender and does not fall within the
National Payment System Act. Conexus Crypto provides an exchange service only and does not
provide financial, investment or tax advice.