WHERE TO BUY BITCOIN IN GHANA; Bitcoin adoption in Ghana is still in its early stages, but there is a growing interest in Bitcoin. Bitcoin is seen as a way to participate in the global financial system and make transactions more efficient, especially for international transactions. There are a number of merchants and businesses that accept Bitcoin as payment, particularly in the tech industry.
In addition, there are a number of bitcoin exchange platforms operating in Ghana that allow users to buy and sell bitcoin. These include exchanges like BitSika, Paxful, BitPesa, DartAfrica, Binance, and LocalBitcoins, among others. The increasing availability of these exchanges is making it easier for Ghanaians to get involved with bitcoin. Bitcoin has been gaining more attention in Ghana in recent times, and as a result, more people are looking for ways to buy Bitcoin.
Where to buy Bitcoin in Ghana
LocalBitcoins
LocalBitcoins is a peer-to-peer Bitcoin marketplace that has been in operation since 2012. It is a popular platform in Ghana, with many users buying and selling Bitcoin on the platform. LocalBitcoins allows buyers and sellers to meet online or in person to complete Bitcoin transactions. Users can pay for Bitcoin using various payment methods, including mobile money, bank transfers, and cash. To buy Bitcoin on LocalBitcoins in Ghana, follow these steps:
- Create an account on the LocalBitcoins website
- Search for Bitcoin sellers in Ghana
- Select a seller and read their terms of trade
- Initiate a trade and follow the seller’s instructions
- Complete the transaction and receive your Bitcoin
In addition to buying and selling bitcoin, users can also post advertisements for other cryptocurrencies and payment methods, such as gift cards and online wallets.
Binance
Binance is a global cryptocurrency exchange that allows users to buy, sell and trade a wide range of cryptocurrencies, including Bitcoin. Binance is popular in Ghana, and users can fund their accounts using mobile money or bank transfers. To buy Bitcoin on Binance in Ghana, follow these steps:
- Create an account on the Binance website
- Verify your account by providing your personal information
- Navigate to the ‘Buy Crypto’ section on the Binance website
- Select Bitcoin as the cryptocurrency you want to buy
- Choose your payment method, which can be mobile money or bank transfer
- Follow the instructions provided to complete your transaction
In addition to trading, Binance offers a range of other services, including a cryptocurrency wallet, a platform for buying cryptocurrencies with a credit or debit card, and staking services for certain cryptocurrencies.
Paxful
Paxful is a peer-to-peer Bitcoin marketplace that operates in Ghana and other countries. It allows users to buy and sell Bitcoin using a wide range of payment methods, including mobile money, bank transfers, and gift cards. To buy Bitcoin on Paxful in Ghana, follow these steps:
- Create an account on the Paxful website
- Search for Bitcoin sellers in Ghana
- Select a seller and read their terms of trade
- Initiate a trade and follow the seller’s instructions
- Complete the transaction and receive your Bitcoin
Once again, Paxful allows users to buy and sell bitcoin with each other using a wide variety of payment methods, including bank transfers, gift cards, and online wallets. In addition to buying and selling bitcoin, Paxful offers a bitcoin wallet and a range of educational resources for users.
Luno
Luno is a cryptocurrency exchange that has been operating in Ghana since 2017. It allows users to buy, sell and trade cryptocurrencies, including Bitcoin. Luno supports payment methods such as mobile money, bank transfers, and credit/debit cards.
To buy Bitcoin on Luno in Ghana, follow these steps:
- Create an account on the Luno website or mobile app
- Verify your account by providing your personal information
- Fund your Luno account using mobile money or bank transfer
- Navigate to the ‘Buy’ section on the Luno website or mobile app
- Select Bitcoin as the cryptocurrency you want to buy
- Follow the instructions provided to complete your transaction
In addition to its exchange and wallet services, Luno offers a range of educational resources and tools for users, including market data and analysis, trading tools, and a mobile app for managing your cryptocurrency on the go.
DartAfrica; Sell Bitcoin in Ghana
A relatively new cryptocurrency trading site called DartAfrica wants to make it simple and convenient for users in Ghana and Nigeria to sell cryptocurrencies for fiat. DartAfrica wants to serve a wide spectrum of users with different tastes, which is why it offers support for well-known cryptocurrencies including USDT, USDC, ETH, and BTC, with plans to expand this catalog. The fact that DartAfrica charges no transaction fees in contrast to other exchange platforms or conventional financial institutions is just one of the numerous possible advantages of using it.
The platform also provides simple navigation, quick and secure transactions, and a user-friendly design. To efficiently use DartAfrica:
- Head over to their website to register in very few quick and easy steps.
- Next, log in to your account and click “Security” to create a transaction pin for authorizing withdrawals.
- Click on “Account Details” to set up your local bank account.
- Click on “Sell Coins”, and select the coin you wish to deposit. Enter the USD amount (min $20).
- Click “Sell Now” and a barcode (and wallet address) is provided for you to deposit the equivalent amount you wish to sell. Once the deposit is complete, you can monitor your transaction in the “Trades” section and after 2 block confirmations, the equivalent fiat is deposited in your account. This can be viewed on your “Dashboard”.
- Click “Withdraw funds” and enter the amount you wish to withdraw to the already set up account in step 3. Your local bank is credited instantly with no hidden charges.
BitPesa
BitPesa is a global cryptocurrency exchange that operates in Ghana and other countries. It allows users to buy, sell and trade cryptocurrencies, including Bitcoin. BitPesa supports payment methods such as mobile money, bank transfers, and credit/debit cards.
To buy Bitcoin on BitPesa in Ghana, follow these steps:
- Create an account on the BitPesa website
- Verify your account by providing your personal information
- Fund your BitPesa account using mobile money or bank transfer
- Navigate to the ‘Buy/Sell’ section on the BitPesa website
- Select Bitcoin as the cryptocurrency you want to buy
- Choose your payment method, which can be mobile money or bank transfer
- Follow the instructions provided to complete your transaction
BitPesa also offers a range of services for businesses, including cross-border payments and currency conversion services.
Overall, while bitcoin adoption in Ghana is still in its early stages, there is growing interest in Bitcoin and the infrastructure is beginning to develop to support its use. It will be interesting to see how this adoption trend develops in the coming years. Buying Bitcoin in Ghana is not as complicated as it may seem. There are several exchanges available that offer a variety of payment options to choose from. It is important to choose an exchange that is reputable and has a proven track record of being secure. Additionally, it is crucial to store your Bitcoin in a secure wallet to ensure the safety of your assets. With the increasing popularity and adoption of Bitcoin, it is becoming easier for Ghanaians to access this digital asset and participate in the global cryptocurrency market.
