Frequently Asked Questions
What does SimplB actually do?
SimplB helps South Africans buy, secure, and structure Bitcoin. We handle the full process: regulated rand-to-Bitcoin purchases through named accounts, custody consulting matched to your situation, and collaborative multisig vault design for larger holdings. We are Bitcoin-only and work with individuals, families, companies, and trusts.
Is SimplB licensed and regulated?
Yes. SimplB operates as a Juristic Representative of CAEP Asset Managers, FSP 33933, which is licensed by the FSCA. Bitcoin transactions through SimplB flow through regulated partner infrastructure, and all clients are subject to standard FICA onboarding.
What is the minimum amount to start?
There is no fixed minimum for once-off purchases or DCA accumulation. For SimplB Vault (collaborative multisig custody), the structure is designed for holdings of R500,000 or more where institutional-grade custody is warranted. Smaller holdings are well-served by standard brokerage and custody arrangements.
How does SimplB keep Bitcoin safe?
For smaller holdings, we use regulated partner custody with clear named-account structures. For larger holdings, SimplB Vault uses a 2-of-3 multisignature arrangement: the client holds two keys and SimplB holds one recovery key. No single party can move funds unilaterally. Backup design, recovery documentation, and succession planning are part of every vault setup.
Can a South African company or trust buy Bitcoin through SimplB?
Yes. SimplB works with South African companies, trusts, family offices, and listed entities. We understand the governance requirements involved: board approvals, mandate documentation, role separation, and record-keeping for tax and audit. Our collaborative multisig structure can be configured to reflect entity-level control requirements.
How do I get started?
Book a call at simplb.co.za/connect. We will walk through your situation, explain the options, and match you to the right structure. There is no obligation. Most clients start with a 30-minute conversation.