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Why do Bitcoin and EC10 sometimes look more expensive on the EasyCrypto platform and other SA exchanges than a google search quote?

Subject to Exchange Control regulations, we deploy all ZAR deposits to the relevant ranked Cryptocurrencies that make up the EC10 index on SA exchanges. Crypto prices are generally a bit higher in South Africa, hence the apparent difference. When selling your Bitcoin or EC10 for ZAR again, the opposite applies and this premium works in your favour. This “arbitrage” or difference is not applied on a google search quote or on foreign exchanges that simply multiply crypto prices by a delayed ZAR exchange rate.

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© Easy Crypto SA Pty Ltd (“EasyCrypto”) encourages the following acknowledgements prior to investing in crypto asset technology: Investing in crypto assets involves a risk of loss. There is no guarantee that investments in crypto assets will be profitable. Past performance is not a representation of future performance. The value of crypto assets and their respective price appreciation is not guaranteed and can fluctuate based on market conditions. Clients are offered limited recourse facilities to the South African Financial Ombudsman Service or the Financial Service Conduct Authority in the event of a complaint relating to crypto asset investments. Crypto asset investments are not regulated by any centralised regulatory authority. Regulatory ambiguity around crypto assets remains prevalent in the South African legislative environment. Client...

accounts are not safeguarded by a financial services compensation scheme. Before investing, EasyCrypto encourages clients to fully familiarise themselves with the associated risks and take into consideration their respective ability to adopt risk prior to investments in crypto asset instruments. It is the responsibility of any persons wishing to acquire crypto assets using EasyCrypto services to observe all applicable legal requirements and tax consequences within the countries of their citizenship, residence, domicile, and place of business with respect to the acquisition, holding or disposal of the crypto asset, and any foreign exchange restrictions that may be relevant thereto. EasyCrypto is the trading brand name of Easy Crypto SA Pty Ltd, registration number 2018/351198/07, and registered address 6 Bird St, Montegray House, Stellenbosch. Easy Crypto SA Pty Ltd is a private company incorporated under the laws of South Africa, employs a compliance officer and has voluntarily registered with the Financial Intelligence Centre (FIC) as an accountable institution.