The Technology Gateway that Simplifies
PROFITABLE

REMOVE THE GAMBLE ON MARKETS

Through a unique blend of fiat and crypto currency exchange mechanisms you are able to

BUY AND SELL ONLY PROFITABLE CONTRACTS

Check Profits in Real Time

Click below and see profits after all fees from financial institutions.
LocalSpot does not share in your profits.
Local Spot Deals
Local Spot
LocalSpot Deals
LocalSpot

How does it work?

A deal is where you accept the purchase price of USDC in the UK and the selling price of USDC on local exchanges for a profit, while at the same time also converting Rand into Pound to settle the purchase in the UK.

LocalSpot makes it easy to spot great deals with our proprietary software.

Simply check the profits for each deal and lock it in at the price range you can afford. You should always first check profits here before asking for a quote to trade profits.

Imagine shopping online and finding bulk sugar priced at R250,000, while retailers are willing to place an order at R252,000. All you have to do is accept the deal on both ends simultaneously and ensure there are no currency fluctuations during the money transfer to the bulk seller.

With LocalSpot, you don't have to ship the sugar or worry about currency fluctuations. We handle both fiat and digital currencies and lock in the currency float for you.

Take advantage of our local spot deals by simply selecting the, Lock Deal, button. 

LocalSpot makes it easy to take advantage of deals by simply giving you the profits available in the markets.

In order to Lock a Deal, you need to be a registered user, have funds in your fx bank and exchange account and you should be signed into Local Spot.

Once you locked the deal for the selected profits, the bank will convert rand to dollars and send these funds to the exchange in the UK to settle the payment for the USDC.

Once funds settled in the UK bank account, USDC is released at the locked price on the local exchange.

International Swift bank transfers for business typically takes between 2 - 5 business days (The deal cycle).

Funds

Before participating in deals, it's essential to have the necessary funds available in your FX bank account. For more details on FX accounts and the Financial Service Providers (FSP) we partner with, see the registration section. Important: LocalSpot will never ask you to transfer funds into our account. Your funds remain secure in your personal exchange and FX bank accounts, ensuring LocalSpot as a software and has no access to your money.

Regulations

Transferring money out of South Africa is subject to certain regulations:

- Annual Travel Allowance: For the first R1,000,000, you can purchase deals using your annual travel allowance. This can be done through multiple smaller deals (e.g., four deals of R250,000), adding up to a total of R1,000,000 per year. Be sure to factor in any additional amounts if you travel or invest abroad.

- Further Deals: For purchases exceeding R1,000,000, you can apply to SARS for permission to transfer up to R10,000,000 annually. This can be done quickly via the online SARS eFiling system. We provide a step-by-step visual tutorial that shows you how to complete the application in under 10 minutes.

Process

1) Apply on LocalSpot.co.za and upload your FICA documents. (Free access to all the guidance information)
2) Open accounts with a local cryptocurrency exchange and an FX bank, as guided after registration.
3) Obtain your UID from your online portal and download the LocalSpot Deal App.
4) Browse deals on the market page and identify profitable opportunities.
5) Deposit funds (R250,500+) into your exchange or FX account. Note: Your funds are never deposited with LocalSpot.
6) Request formal deal quotes via the app, lock in a deal, and wait 2–5 business days for completion.
7) Withdraw your funds or reinvest into another deal when you're ready.


Questions Answered

FAQ

Our Application revolutionizes the way individuals engage with investment opportunities, offering a seamless experience that harnesses the power of lucrative buy and sell contracts.

At LocalSpot, we understand the evolving technology landscape of investing and the increasing prominence of crypto currencies. Leveraging this understanding, we have developed cutting-edge software that empowers users to simplify the complexities of the market in order to invest with confidence and ease by taking hold of opportunities where market fluctuations is removed.

LocalSpot do not share in your profits and present all available market capitalization for higher profits at a fixed monthly subscription fee. One trade per month can easily cover your subscription. Don't lose out on hundreds of thousands, register free today.

LocalSpot also help you save thousands on accounting fees with our self help SARS application system.

Whether you're a seasoned investor or just starting your journey, LocalSpot provides the tools and resources you need to thrive in today's dynamic financial ecosystem.

With LocalSpot, investing becomes more than a gamble on the markets, it becomes a well calculated partnership. Our commitment to profitability and sustainability drives every decision we make, ensuring that our users can trust our software as their reliable partner in wealth creation.

Join us at LocalSpot and unlock the potential of your investments by;

BUYING ONLY PROFITS. 

LocalSpot is a technology provider and member of FINASA( Fintech Association of South Africa), which communicates market opportunities.

Market opportunities are exploited by users through their transaction with registered financial services providers and banks. This means you deal with two regulated and governed  entities to provide an ethical and responsible platform.

LocalSpot does not have access to your funds. All funds are deposited into your own bank and exchange accounts. LocalSpot only provides the software and relationships which enable you to view and take advantage of best market arbitrage deals.

As a founder with 18 years experience in financial services and technology, we introduce a simplified and reliable software solution to invest securely using crypto and fiat trades without gambling on market growth.

You choose the trade profits before any trade.

Any bank transacting carries some form of risk, however we do not risk your money on the markets and you can see what the estimated profits will be before locking your deal.

With a 100% positive trade track record, we provide only positive trade deals by reducing the risk involved in crypto currencies and exchange rate fluctuations. We only make use of high rated banks and exchanges to assist the transactions during deals.

Your funds is also not stuck in an investment account for months or years, as most transaction is completed within 2 to 5 business days.

The concept is simple market dynamics, the execution is technology and capital driven.

Just like any buy and sell agreement, you buy and sell fiat and crypto on the spot at the same time. You thereafter exchange rand for dollars to pay for the crypto, while we providing capital hedging to counter the currency exchange risk.

When we get crypto coins at a cheaper rate outside South Africa, we are able to let you know of a deal where you can purchase those crypto and sell them in South Africa at a higher spot price at the same time.

Our technology and providers allow you to choose profits only!


There are some instances where you can borrow money, but not from friends. due to money laundering activities, the FSCA highly regulate transaction that flow out of South Africa.

See the registration section for a list of possibilities, like borrowing from your own company, large regulated financial institutions, home loan access accounts, credit cards or your spouse. You should also consider interest verses profits as profits vary daily.

No, only South African individuals with RSA ID may purchase deals due to FSCA regulations, but a company loan account may be acceptable.

These restrictions will be manage by the FX bank and the South African Reserve Bank.

Your money is in safe hands
Registered Financial Institutions Who Holds Your Money and Execute Your Transactions.

why trust us

100% Deal Success
Your money always stays in your accounts under FSCA regulations.
Best investment app by far!

Christian van Vuuren

Great returns!
I can refer LocalSpot to anyone. I've already made a few thousand in the last few months.

C Loots

LocalSpot give lekker profits.

JJ de Villiers

Trustpilot > 

© Copyright 2024 - LocalSpot is a software service, provided by Randizone (PTY) Ltd. Member of FINASA(Fintech Association of South Africa). LocalSpot is not associated or sponsored by the trademark owners of any logo's or financial institutions. This website does not give advice and you should do your own research in regards to crypto and currency trading.