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How to safely buy Bitcoin in   (2021)

In this guide, we breakdown the best ways to start buying Bitcoin and other cryptocurrencies as a citizen of Ghana.

Bradley Mills
Editor at Buy Bitcoin Finder
Last edited: 
July 22, 2021

How to buy Bitcoin in Ghana

Buying Bitcoin in Ghana is incredibly easy when you find the right exchange that accepts Ghanaian Cedi (GHS). To simplify the process of buying Crypto in Ghana, we have put together a quick 5 step guide:

  1. Sign up to a trusted exchange that accepts Ghanian cedi like Binance (0 deposit fees).
  2. Deposit GHS via Bank Transfer, Credit Card or Debit Card
  3. Visit the 'Buy Crypto' tab
  4. Select GHS as the currency you want to use
  5. Select "Buy Bitcoin"

Is Bitcoin legal in Ghana?

Although Bitcoin has not yet been officially recognised as legal tender by the Bank of Ghana, citizens of Ghana can still freely buy, sell and trade Bitcoin as well as other cryptocurrencies.


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The best way to buy Bitcoins in Ghana

Binance is the world's largest cryptocurrency exchange that boasts billions of dollars of daily volume. Their crypto trading platform enables residents of Ghana to securely purchase Bitcoins and Ethereum using the local currency GHS.

Binance also offers Ghanaians free GHS deposits as part of a new promotion. They are hands down the best exchange to buy Bitcoin from in Africa.

Pros

  • Easiest onramp to crypto for residents of Ghana
  • Wide range of products including leveraged trading and lending
  • Free deposits for GHS

Cons

  • User interface can be confusing for first time traders
Useability
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Visit Binance

Best in class for security and data protection.

Kraken was founded in mid-2011 by long time Bitcoin advocate Jesse Powell and has grown to become one of the world's largest exchanges. Based on volume alone, they are the largest exchange in Europe and the UK.

Kraken is one of the most trusted exchanges worldwide.

Pros

  • Very low fees for traders. 0.25% maker and taker fees
  • Best in class for security and data protection
  • Great volume for traders needing liquidity

Cons

  • User interface can be confusing to newbies
Useability
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Buy Bitcoin with Kraken

Invest in Bitcoin with a Debit Card or Credit Card Instantly

Coinmama allows users from any country around the world to buy Bitcoin, Ethereum and Chainlink using their exchange. They are one of the few exchanges that allow Credit Card and Debit Card purchased for Bitcoin and crypto using Visa and Mastercard.

If you are a customer in Europe, you can also buy Bitcoin with a SEPA transfer for a lower fee. Coinmama is an extremely private and secure option to invest in Bitcoin as they will send it to your personal Bitcoin wallet, as opposed to having the Bitcoin or cryptocurrency on a managed and less secure wallet on their platform.

Pros

  • Purchase crypto with a Debit Card and Credit Card
  • Highest limit to invest in Bitcoin using a Credit Card
  • Reliable and trustworthy exchange

Cons

  • Relatively high fees when using a Debit Card or Credit Card
Useability
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Buy Bitcoin with Coinmama

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