Buy Crypto & Bitcoin in Ghana

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  • Popular Exchanges to Buy Crypto & Bitcoin in Ghana
  • Coinmama exchange logo
    Coinmama
    • Works in almost all countries
    • Highest limits for buying bitcoins with a credit card
    • Reliable and trusted broker
    BUY NOW at Coinmama's Secure Site

Buy Now at Coinmama's Secure Site

Coinmama allows customers in almost every country to buy bitcoin. They charge a 4.9%-5.9% (depends on volume) fee on each purchase.

Customers in Europe can also purchase bitcoins with SEPA transfer for a lower fee.

Want to buy using Coinmama? This step-by-step guide will show you how to use Coinmama.

Pros
  • Works in almost all countries
  • Highest limits for buying bitcoins with a credit card
  • Reliable and trusted broker
Cons
  • Some of the highest fees among credit/debit card bitcoin brokers
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Ease of Use
Easy
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Privacy
Low
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Speed
Fast
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Fees
Average
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Reputation
Trusted
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Limits
High
Buy Now Read Review

Buy Now at Kraken's Secure Site

Founded mid-2011, Kraken is the one of the world's largest cryptocurrency exchanges, and the largest in Europe based on daily average trading volume. It is available in almost all countries.

Deposits can be made via bank wire, SEPA, ACH and SWIFT. Users can buy bitcoin, ethereum, dogecoin and dozens of other coins.

Pros
  • Very low 0.25% taker fee, falling to 0.1% with sufficient trading volume
  • Very low maker fee, falling to 0% with sufficient trading volume
  • Highly-rated for security and data protection
Cons
  • Requires ID verification, so not private
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Ease of Use
Hard
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Privacy
Low
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Speed
Average
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Fees
Low
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Reputation
Trusted
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Limits
High
Buy Now

Buy Now at LocalBitcoins's Secure Site

LocalBitcoins is an escrow service which also helps to match bitcoin buyers and sellers. Users may advertise trades for whichever payment method they prefer.

Buying bitcoins via an in-person meeting, secured and facilitated by LocalBitcoins, may be one of the fastest and most private ways to buy bitcoins in any country, including the United States, Europe (besides Germany), UK, Singapore, Canada, Australia and many more.

Pros
  • Can be private, fast and easy
  • In-person trades require no personal information
  • Purchases of bitcoin can be made quickly via cash deposit
Cons
  • Beware of scams; always follow the rules!
  • Harder to buy large amounts of bitcoins compared to large exchanges
  • Slightly to significantly higher prices than regular exchanges; premium for higher privacy
ease icon
Ease of Use
Hard
privacy icon
Privacy
High
speed icon
Speed
Fast
fees icon
Fees
Low
reputation icon
Reputation
Trusted
limits icon
Limits
Average
Buy Now Read Review

Buy Now at Bitcoin ATMs's Secure Site

You can use our Bitcoin ATM map to buy bitcoins with cash. Bitcoin ATMs can be a quick and easy way to buy bitcoins and they're also private. That convenience and privacy, however, comes with a price; most ATMs have fees of 5-10%.

Pros
  • Our map makes it super easy to find a Bitcoin ATM near you
Cons
  • Bitcoin ATMs often have 5-10% fees per purchase
Buy Now

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Bitcoin & Cryptocurrency Trading in Ghana


Ghana is one of the fastest growing economies in the world. It has extensive industrial production of petroleum and precious metals used in electronics or for investing purposes. Ghana may be the alrgest Economy in Africa in the coming years, but it is still developing, and property rights are not incredibly reliable. That said, Chana's government is showing interest in crypto more broadly.

While presenting at the Fifth Ghana International Trade and Finance Conference in July 2021, Ghana's vice president Dr. Mahamudu Bawumia said that the African governments need to embrace digital currencies to facilitate trade throughout the continent.

Dr. Bawumia believes that since moving goods over African borders is costly and time-consuming, a digital payments system would simplify and rectify these problems. While the VP isn’t endorsing bitcoin or other cryptocurrencies, the move toward a digital currency does recognize and perhaps open the door to these as possible payment vehicles.

This makes Ghana ripe for serious Bitcoin adoption, even though there are no local exchanges to buy from.

But that doesn't mean you cant buy Bitcoin in Ghana. One of the easiest ways to buy Bitcoin in Ghana is through cryptocurrency exchanges. There are several exchanges offering Bitcoin in Ghana, allowing you to select one based on your requirements and preferences using our guide. Different exchanges have different transaction fees, withdrawal limits, payment modes, and verification processes that need to be considered before selecting one.

Additionally, Bitcoin buyers need to keep in mind that certain exchanges might require you to get a wallet of your own before being able to buy the digital currency. Even if there is no requirement, it is recommended to have a wallet of your own for security reasons (preferably a hardware wallet). If you don’t have a wallet, refer to our guide on the Best Bitcoin and Cryptocurrency Wallets to choose one.


COMPARISON

ledger nano x folded

Ledger Nano X

  • SCREEN:
  • RELEASED: 2019
  • PRICE: $145
ledger nano s illustration

Ledger Nano S

  • SCREEN:
  • RELEASED: 2016
  • PRICE: $72
trezor model T

TREZOR T

  • SCREEN:
  • RELEASED: 2018
  • PRICE: $189
Trezor One

TREZOR One

  • SCREEN:
  • RELEASED: 2013
  • PRICE: $79

Another way to buy Bitcoins in Ghana is through automated teller machines (ATMs). These ATMs allow users to instantly purchase and sell cryptocurrency using cash, however most of them require at least a phone number, so they aren't totally private.


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Top Bitcoin & Cryptocurrency Exchanges in Ghana


Ghana has access to many large Bitcoin and cryptocurrency exchanges.

Have a look at our favorites below:

  • Popular Exchanges to Buy Crypto & Bitcoin in Ghana
  • Coinmama exchange logo
    Coinmama
    • Works in almost all countries
    • Highest limits for buying bitcoins with a credit card
    • Reliable and trusted broker

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Best Bitcoin Wallets for Ghana



There are three main types of Bitcoin wallet and all of them are supported in Ghana:

  • Software (desktop or mobile - iOS and Android wallets
  • Hardware wallet
  • Cold-storage (paper or steel wallets, the latter of which are used to backup your main wallet.

Best for Security

ledger nano x

Ledger Nano X

Secure storage for any cryptocurrency

More About
Ledger Nano X

The Ledger Nano X is the newest crypto hardware wallet, and is very easy to use. It connects to iOS, Android & desktop computers.

Temporary Wallet

zengo wallet logo

Zengo

Best for storing crypto for short period of time

More About
Zengo

ZenGo is an easy-to-use iOS and Android Bitcoin & crypto wallet. Start within 20 seconds.

Best for Desktop

electrum logo

Electrum

Simple yet powerful desktop wallet

More About
Electrum

Electrum is a Bitcoin-only wallet that has been around since 2011. It's easy to use, but has advanced features.


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Ethereum How to Buy Ethereum in Ghana


Ethereum (ETH) has established itself as the second most popular digital currency, after Bitcoin. Its smart contract features allow unique apps to be built on top of its platform. Below you will find exchanges in Ghana that allow you to buy ethereum. Once you buy, you should withdrawal your ETH directly to your own crypto wallet.


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Dogecoin How to Buy Dogecoin in Ghana


Thanks to Tesla founder Elon Musk, Dogecoin (DOGE)—a coin that started as a meme about the shiba inu dog—has recently become a popular digital currency. Below you can find crypto exchanges in Canada that allow you purchase Dogecoin.

  • Exchanges in Ghana that Support Dogecoin
  • Kraken
    • Supports Dogecoin buying & selling
    • Coins supported:
    • Dogecoin btc eth ltc
    BUY Dogecoin NOW at Kraken's Secure Site

About Dogecoin: Dogecoin has become one of the most famous altcoin blockchains. Dogecoin was founded by Jackson Palmer and Billy Markus on December 6, 2013. Thanks to its popularity on Robinhood, it hit an all time high of $0.42 on April 20. Doge started the year at under $0.01 USD. It is an open source blockchain, meaning its code is publicly available for anyone to see.


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Litecoin How to Buy Litecoin in Ghana


Litecoin (LTC) is one of largest cryptocurrencies by market cap. Below you can find a list of brokerages in Ghana that allow you to buy litecoin and other crypto assets for good exchange rates.


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Exchange Hacks and Crypto Scams in Ghana


Global Coin Community Ponzi

In July of 2016, Londan based Kwaku Damete-kumi founded GCCH (or Global Coin Community Help), which primarily targets Ghanian people.

Here is what their website looked like - a strange look for a crypto scam.


GCCH home page
Homepage of GCCH

This multilevelmarketing scheme is especially odd, since it doesn't even pretend to offer products and services - just guaranteed returns on a pyramid of affiliates in order to 'help the community of cryptocurrency enthusiasts'.

Basically, a new affilaite signs up through a parent affiliate and invests $50-10,000 in Bitcoin with the promise of a 100% return in 5 months.

Before the affiliate is able to withdraw their money, they must pay a withdrawal fee equal to the amount they invested. Yes, you read that correctly - all of the returns promised get eaten by the withdrawal fee.

A 5% commission was paid to the referrer of the new affiliate.

The founder has been part of a slew of other MLM/ponzi schemes - 5 to be exact - including UNascos, iCharity Club, MMM Global and others.

Obviously it shoudl go without saying: do not give this man or GCCH any money.

NBA Bitcoin

In October of 2019, a former NBA basketball star Isaac Edward Austin reportedly stole $825k from a Ghanian firm.


NBA crypto scam ghana

Austin convinced the firm to hand him $11,000 per Bitcoin, which they transferred to his bank account in the USA. In exchange, he would invest Bitcoin on their behalf in his two trusts, IEA and Tudor Trust. He would then deliver Bitcoin to the Ghanian firm after a 'trading period' plus any returns made. However, once that trading period came and went, Austin never delivered the Bitcoins.

One Ghanian victim wrote:

[Austin] will take your Bitcoin and you will never get your investment back or your returns. On the day of payment, he will tell you story after story filled with lies of issues why the BTC couldn’t be delivered on the day of payment.

average ghana citizenVictim of the scam

Some of the excuses Austin offered for his claimed inability to pay:

  • suffering a heart attack
  • Transferring coins to the wrong address
  • Too long of lines at the bank
  • and that the bank was holding his funds

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FAQ


Does Coinbase work in Ghana?

Coinbase ONLY allows crypto-to-crypto conversions for Ghana residents as of September of 2020.

Where Can I Find a Bitcoin ATM in Ghana?

You can use our Bitcoin ATM finder tool to find the one nearest you.

What is the price of Bitcoin in Ghana?

Bitcoin prices are changing every second.

The best way to find the most up-to-date price of Bitcoin is to check out our Bitcoin price page.

Are there any Bitcoin escrow agents in Ghana?

There are no Bitcoin escrow services in Ghana that we can recommend at this time. There are some groups on facebook offering this service, but typically, these are scams and should not be trusted.

How do I cash out of Bitcoin in Ghana?

Any exchange with a GHS trading pair will allow you to sell your Bitcoin for fiat currency. Coinmama has GHS trading pairs for many popular coins.

You can use our Bitcoin ATM finder tool to find the one nearest you if you wish to exchange your Bitcoin for cash in the quickest amount of time.

LocalBitcoins is another option. Here, you can buy and sell Bitcoin for a wide range of payment methods, from gift cards to bank transfers. LocalBitcoins is a peer-to-peer (P2P) exchange, where you buy and sell with another individual. This does introduce a degree of risk, though by ensuring that you conduct all business on the platform, make use of its escrow services, and only trade with users who have a good reputation, you'll minimize any potential problems.

You could also use a service like eGifter to sell your Bitcoin for gift cards.

Can you get a Bitcoin loan in ghana?

Many people in Ghana are interested in Bitcoin loans because of the vast growth of the Ghana economy. Any growing economy needs access to capital, and if you are holding Bitcoin, a Bitcoin backed loan can be a great way to get some to start a business or buy property...all without having to sell your Bitcoin.

Unfortunately, none of the main Bitcoin Loan companies (Blockfi, Ledn, Unchained Capital) are offering these products to Ghana citizens at this time.

About the Author: Jordan Tuwiner

author

Jordan Tuwiner is the founder of BuyBitcoinWorldwide.com. His work has been featured in The Guardian, International Business Times, Forbes, VentureBeat, CoinDesk and many other top Bitcoin media outlets. His articles are read by millions of people each year looking for the best way to buy Bitcoin and crypto in their country.

He has also written extensively about the history, technology, and business of the crypto world. Jordan is also the creator of some of the internet's most famous Bitcoin pages, including The Quotable Satoshi and Bitcoin Obituaries.

To learn more about Jordan, see his full bio.