Dogecoin was created in 2013 by Jackson Palmer, a former Adobe employee from Australia, and Billy Markus, a software engineer from the United States. On Tumblr, Palmer said, “Investing in Dogecoin, very sure it’s the next big thing.” It all started as a joke. The post made fun of the sudden influx of new cryptocurrencies onto the market.
With a gain of more than 20,000% from 2020 to 2021, Dogecoin rode the bullish crypto wave like no other cryptocurrency ever had before. Dogecoin is currently firmly ranked in the 10th position of the most expensive cryptocurrencies with a market cap of about $8.4 million.
The cryptocurrency was the seventh most traded in July 2021, according to data tracking company Analytics Insight. According to Statista, it was also one of the most actively traded cryptocurrencies in terms of 24-hour volume. Cryptocurrency investors are flocking to Dogecoin to cash in on the current craze.
The future of Dogecoin is also uncertain due to a large number of professional Dogecoin price forecasts that we may look back on. Other times, the general public is unsure about how to use Dogecoin.
But the lingering question in the mind of Dogecoin investors is that is there a place where you may sell it for a profit in Ghana when you no longer need it? The answer is that selling Dogecoin is a simple process thanks to a wide variety of cryptocurrency exchanges’ apps.
Best App To Sell Dogecoin In Ghana In 2022
Selling Dogecoin may not be as simple as purchasing it. The majority of exchanges block outbound transactions to reduce the risk of fraud. To discover a fair exchange rate, you may need to conduct some research.
Fortunately, we’ve done the legwork for you and compiled a list of the best app to sell your Dogecoins in Ghana.
Prestmit offers a wide range of crypto services in Ghana, one of which is selling Dogecoin on its app. On the Prestmit app, there is a fee-free, quick, and simple method of converting your DOGE to Ghana cedis. On the other hand, Prestmit allows you to buy Dogecoin and gives you access to your private keys through its wallet.
Dogecoin can be effortlessly exchanged for cedis without any delays or fees. For instance, if you sign up for Prestmit via the website or mobile app, you will receive your Dogecoin wallet.
In addition to Prestmit, there is no restriction on the number of items you can sell. That’s why trading BTC, USDT, and Litecoin is allowed. Prestmit, on the other hand, provides a stringent selling service. Dogecoins sent to your wallet address are automatically converted to the currency of your choice at the prevailing exchange rates. Now your Dogecoins can exist in the physical world.
How To Sell Dogecoin On Prestmit In Ghana
1. Create a Prestmit account: register a Prestmit account to get started.
2. Generate Dogecoin wallet address: as a Prestmit user, you are required to have a Dogecoin wallet address on which you can easily see the current Dogecoin rates and initiate your transaction to sell.
3. Send Dogecoin: click on “Start Trade” to sell your Dogecoin. Send your Dogecoin to the Prestmit Dogecoin account.
4. Get paid: the cedis equivalent of your Dogecoin will be added to your cedis wallet once the transaction gets three (3) successful confirmations on the Dogecoin network. The three confirmations on the Prestmit app are to prevent fraud and ensure a safe transaction.
For cryptocurrency enthusiasts, Binance is one of the most well-known exchanges in the world.
Over 500 cryptocurrencies are available to trade on Binance, which has the biggest daily trading volume of any exchange. Deposits in Ghanaian Cedis on Binance’s platform have been accepted since 2020, giving the country’s residents direct access to the cryptocurrency market.
Trading few varies from 0% to 0.35 percent for fiat markets and trading pairs for P2P (Peer-to-Peer) transactions.
You can earn more money from your cryptocurrency holdings through Binance’s referral programs, staking, and interest choices.
If you’re interested in buying, selling, or exchanging DOGE, you can do it on Coinbase. However, exchanging offers you another cryptocurrency, while selling returns fiat money.
Tap the three dots at the upper right of the screen and select Trade from the menu. To get to the Sell option, select Dogecoin from the pop-up menu and then click the Right-Left Arrow button. Once you’ve selected Sell, you’ll be prompted to enter your order details.
In exchange for your DOGE, Coinbase will put the equivalent amount in your Coinbase fiat wallet. Here, you have the option to transfer money to your bank account or buy another cryptocurrency.
On its mobile app, Crypto.com offers everything from staking and investing to loans and interest accounts.
Also, crypto pairings can be traded on Crypto.com, allowing the platform to remain highly liquid. A total of over 250 digital tokens are available for purchase in Ghana through Crypto.com.
Deposits are free, and the exchange offers attractive payment rates. For spot trading investments up to $25,000, Crypto.com charges a minimal maker and taker fee of 0.40 percent. Once your trading volume exceeds $100,000, the fees drop to as low as 0.16 percent.
Crypto.com allows you to deposit tokens for a minimum of 1-3 months, during which time you can earn up to 14.5 percent interest on your assets. The native token of the exchange, CRO, must be staked to get the best returns.
BitAfrika is a Ghanaian cryptocurrency exchange that was established in 2017. It allows users in Ghana to buy, sell, and receive cryptocurrencies from around the world.
Cryptocurrencies like Dogecoin, Bitcoin, and, Litecoin can be traded on the platform. KYC (Know Your Customer) forms are required to open an account on the site You may rest easy knowing that BitAfrika adheres to strong Anti-Money Laundering policies to safeguard you from theft and fraud.
To acquire Bitcoin, Dogecoin, and other cryptocurrencies on the BitAfrika platform, customers are charged a 1.5% transaction fee. BitAfrika’s local payment processors charge a 1% fee for fiat withdrawals.
In 2022, the excitement surrounding Dogecoin appears unstoppable. There are plenty of exchanges to choose from if you’d like to get your feet wet with Dogecoin. The aforementioned best apps allow you to sell DOGE using a secured transaction structure.