ChangeNOW vs Changelly: the South Africa numbers

Signing up from South Africa puts ChangeNOW and Changelly under a local rulebook, and it is not what the fee table alone tells you. The Financial Sector Conduct Authority (FSCA) oversees retail crypto in South Africa; it licenses crypto asset service providers under the FAIS Act. The regime stems from the FSCA declaration of a crypto asset as a financial product under the Financial Advisory and Intermediary Services Act (FSCA Communication of two-thousand-twenty-two). How money actually reaches the order book here: PayShap, the low-value real-time rapid payment platform driven by BankservAfrica and the Payments Association of South Africa, provides instant bank-to-bank payments across participating banks, alongside traditional EFT bank transfers. PayShap launched with the country's four largest retail banks — Absa, First National Bank, Standard Bank and Nedbank — with more banks joining in later phases. On tax treatment in this market: SARS applies normal income tax rules to crypto assets: gains are declared either as revenue (gross income) or, where capital in nature, under the capital gains tax paradigm. None of this market context changes the ChangeNOW figures in the table above — it decides how you act on them.