In Ghana, cryptocurrencies, including Bitcoin, are not regulated or considered legal tender. However, it is entirely legal to buy BTC or other cryptocurrencies in Ghana.
There are numerous crypto trading platforms for the buying and selling of cryptocurrency in Ghana. In fact, it is estimated that over 900 thousand people, 3.01% of Ghana’s total population, currently own cryptocurrency.
This number of people who trade cryptocurrency visit crypto exchange platforms for their day-to-day crypto transactions.
In this post, we’ll see the best cryptocurrency exchange in the West African nation of Ghana. Before then, let’s know what a cryptocurrency exchange is all about.
What is a Cryptocurrency Exchange?
A cryptocurrency exchange is basically a business that allows customers to trade cryptocurrencies for other assets, such as the traditional money or other digital currencies.
Exchanges may accept credit card payments, wire transfers or other forms of payment in exchange for digital currencies or cryptocurrencies.
In Ghana, a cryptocurrency may trade Bitcoin and other crypto assets using its national currency, Ghanaian cedis.
Best Cryptocurrency Exchange in Ghana 2022
The best cryptocurrency exchange in Ghana today is Prestmit. It is a user-centric platform designed for users to trade, buy and sell digital assets as well as gift cards.
The platform is notable for its presence in Africa’s most populous nation and fast-rising nation, i.e. Nigeria and Ghana. This makes the Nigerian Naira and Ghanaian cedis part of the payment options on the platform.
Bitcoins can be exchanged for the Ghanaian cedis and not cryptocurrency but also gift cards.
Why is Prestmit the Best Exchange?
Here are the reasons why Prestmit is tipped as the best digital platform in this part of the world. They are listed below;
1. Always Available- Prestmit is available whenever you want to trade. You can get your crypto deal as well as gift card exchange done anytime you want it done.
2. Built With Love- This platform is designed with the users in mind. The rates here are true with the market rates. The aim is not only to make profit, but to ensure every user has an amazing experience while using the platform.
3. Multiple Payment Options– You can make payment on this platform using fiat currencies and digital currencies. Nigerian Naira, Ghanaian cedis, and Tether (USDT) are payment options on Prestmit.
4. Fast Transactions– Users count Prestmit as one of the best digital exchange platforms for its speed of transaction. The payment facility is one of the best out there, you get your payment same minute (instant).
5. Easy To Use- Prestmit is as easy as writing your name and email address. The platform offers an intuitive, beginner-friendly interface and 24/7 customer support for your trade. You can register your digital wallets in a minute on the platform.
Why Do People Trade Cryptocurrency in Ghana?
There are several reasons cryptocurrency many people are involved/own cryptocurrency. The number of Ghanaians trading cryptocurrency has increased the volume of trading in Africa for these reasons below.
1. To Make quick money
Many people want to trade Bitcoin as it is seen as a way of making quick money. The unstable price of crypto assets have made many to study its market in order to make a profits.
At a platform like Prestmit which sells at market rate, you’ll surely make profit. This is one of the reasons is a place to go for crypto traders both in Ghana and Nigeria.
2. To Change it to Cedis
The national currency, Ghanaian cedis majorly used as a payment for transactions in Ghana. If you hold Bitcoin, to be able to use for transactions you must change it to Cedis.
3. For Emergency Cash
One could be stranded and need urgent cash, if he/she has Bitcoin they can easily sell it for cash.
How to Sell Bitcoin for Cedis on Prestmit
As stated earlier, it is very easy to use Prestmit for your buying and selling of cryptocurrency. Here are the quick and easy step to sell Bitcoin in Ghana today.
1. To Sell Bitcoins in Ghana You need to Create an Account
First, you create an account on the platform. To do this you just need to fill in some key information. It would take less than a minute to get this done.
2. Create an address
After you have created your account, the next thing you need is a Bitcoin address. Luckily as a Prestmit user, you get a free Bitcoin address.
3. Send BTC to your wallet
If you have come this far just know that you are almost there already. Send the amount of Bitcoin you want to change to your free wallet address. The Bitcoin will be saved in Cedis. Now you wait for 3 confirmations
4. Then Get Paid
After the confirmations, the Cedis equivalent will be sent to your Cedis wallet. The exchange rates are usually displayed on the dashboard.
Is Prestmit Legit?
Yes, Prestmit is a trustworthy site for digital exchange services. The company has earned the trust of its customers both in Nigeria and Ghana.
The company has been growing every year since its launch in 2019. The amount of its users in its first year of operation was 10, 000. As of today, there are over 200, 000 users who are involved in gift card exchange, crypto trading and other services.
These number of clients/customers have tested and confirmed that the site is okay for their transactions. The app has since received good ratings by many of the users.
Also Read- Best App To Sell Dogecoin in Ghana in 2022
If you’re yet to start using Prestmit, all you need to is to download and register to start enjoying this awesome journey.