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Prop Firms With Crypto Payouts for South Africans

By Fact-checked by Pauline Blount Published 2 min read

Crypto payouts are popular with South African funded traders because they’re usually faster and cheaper than international bank transfers. Most firms pay in a stablecoin such as USDT or USDC, which you can sell for rand on a South African exchange.

Firms that offer crypto payouts

Firm Crypto payouts Notes
FTMO Yes Minimum $50 for crypto; bank transfer also available
FundedNext Yes 24-hour processing guarantee
Funding Pips Yes Processed on Tuesdays, often within hours
E8 Markets Yes On-demand payouts; no E8 withdrawal fee
The5ers Yes 3.5% commission on crypto and other cash methods
SabioTrade Yes Crypto wallet or bank transfer every 7 days

[EDITOR: Confirm each firm’s current crypto options and networks before publishing.]

Converting crypto to rand

  1. Open and verify an account with a South African crypto exchange such as VALR or Luno.
  2. Copy your deposit address for the exact coin and network the firm pays on (for example USDT on TRC-20 or ERC-20). Sending on the wrong network can lose the funds.
  3. Add that address to your prop firm payout settings and request the payout.
  4. Sell the stablecoin for rand and withdraw to your South African bank account.

Costs to compare

  • The firm’s own withdrawal fee, if any.
  • The blockchain network fee.
  • The exchange’s trading fee and spread when you sell for rand.
  • The exchange’s rand withdrawal fee.

Compared with a bank transfer’s SWIFT fee and exchange margin, the total is often lower, especially for larger payouts.

Tax and records

The rand value of the crypto when you receive it is income for SARS. If you hold it and later sell at a different price, that’s a separate event you may need to declare. Keep exchange statements and see prop firm tax in South Africa.

Prop firms we currently recommend

  1. 1

    FTMO Best overall

    Max account
    $200,000 (more via scaling)
    Profit split
    80%, up to 90%
    Fee from
    €89 (≈ $10K account)
    Our rating
    4.6 out of 5
    Visit FTMO Read review
  2. 2

    FundedNext Best for MetaTrader users

    Max account
    $200,000 (up to $4M through scaling)
    Profit split
    80%, up to 95%
    Fee from
    $59.99 USD (confirm at checkout)
    Our rating
    4.4 out of 5
    Visit FundedNext Read review
  3. 3

    Funding Pips Best budget pick

    Max account
    $100,000 per account (scales to $2M)
    Profit split
    60–100% (depends on payout cycle)
    Fee from
    About $29–$36 USD ($5K)
    Our rating
    4.3 out of 5
    Visit Funding Pips Read review

FAQ

Which prop firms pay in crypto?

FTMO, FundedNext, Funding Pips, E8 Markets, The5ers and SabioTrade all offer crypto payouts; confirm current options with each firm.

How do I convert a crypto payout to rand?

Receive the stablecoin on a South African exchange such as VALR or Luno, sell it for rand and withdraw to your bank.

Is a crypto payout taxable in South Africa?

Yes. Its rand value when received is income for SARS, and later sales may also need to be declared.