Buy Bitcoin & Crypto in Ghana

We may receive advertising compensation when you click certain products. Before jumping into this page, an important disclosure.

You'll need a Bitcoin wallet before you buy since some exchanges require one.

Don't have a wallet? Read our guide on the best Bitcoin & cryptocurrency wallets.

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

CoinmamaCoinmama Buy Bitcoin Read Review

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.

We may receive compensation when you use Coinmama. Please visit Coinmama for its exact pricing terms.

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
ease icon
Ease of Use
Easy
privacy icon
Privacy
Low
speed icon
Speed
Fast
fees icon
Fees
Average
reputation icon
Reputation
Trusted
limits icon
Limits
High
Buy Bitcoin Read Review

KrakenKraken Buy Bitcoin Read Review

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.

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
ease icon
Ease of Use
Hard
privacy icon
Privacy
Low
speed icon
Speed
Average
fees icon
Fees
Low
reputation icon
Reputation
Trusted
limits icon
Limits
High
Buy Bitcoin Read Review

LocalBitcoinsLocalBitcoins Buy Bitcoin Read Review

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.

We may receive compensation when you use LocalBitcoins. Please visit LocalBitcoins for its exact pricing terms.

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 Bitcoin Read Review

Bitcoin ATMsBitcoin ATMs Buy Bitcoin

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 Bitcoin

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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.



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, and you can easily 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 kept in mind before users select one.

Additionally, Bitcoin buyers need to keep in mind the fact that certain exchanges might require them to get a wallet of their own before they are able to buy the digital currency. Also, 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: $119
ledger nano s illustration

Ledger Nano S

  • SCREEN:
  • RELEASED: 2016
  • PRICE: $59
trezor model T

TREZOR T

  • SCREEN:
  • RELEASED: 2018
  • PRICE: $159
Trezor One

TREZOR One

  • SCREEN:
  • RELEASED: 2013
  • PRICE: $59

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 Bitcoin & Crypto in Ghana
  • 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:

Best for Security

ledger nano x

Ledger Nano X

Secure storage for any cryptocurrency

Visit Website

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

atomic wallet logo

Atomic Wallet

Best for storing crypto for short period of time

Learn More

Atomic wallet is a multicurrency mobile wallet with a beautiful interface and easy to use features.

Best for Desktop

electrum logo

Electrum

Simple yet powerful desktop wallet

Learn More

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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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.


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.



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?


bitcoin atm map

What is the price of Bitcoin in Ghana?

The current price of Bitcoin in Ghana is GHS $60,966, however this amount changes every minute, so always check the value on your local exchange.


bitcoin price ticker

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 also use CoinATM Radar to find Bitcoin ATMs in your city if you wish to exchange your Bitcoin for cash in the quickest amount of time.


bitcoin atm map

Local Bitcoins is another option. Here, you can buy and sell Bitcoin for a wide range of payment methods, from gift cards to bank transfers. Local Bitcoins 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.


localbitcoins offers

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.