How to Buy Cryptocurrency in Ghana
Buying cryptocurrency in Ghana
In 2018, the Bank of Ghana stated that Bitcoin trading in the country is not yet legal, as it is still not recognized as a legitimate currency in Ghana. Nevertheless, its appetite remains strong. Google trends ranked Ghana as the number one country in the world in regards to Bitcoin internet searches, relative to the number of internet users. The overall stance on crypto is that Ghana is seeking to regulate, instead of outlawing the use of cryptocurrencies. This is highlighted by the launching of Finchcoin, the country’s first indigenized digital currency, combined with a Payment System Payment Systems and Services Bill currently in Parliament. It is believed that this Ghanaian Bill will enable further regulation of cryptocurrencies in the future. However, there are no references to crypto in the bill, aside from the fact that they will be regulated through ventures certified with the government as “Electronic Money Issuers”.
As of 20/03/2021
Exchanges Info
These exchanges all accept customers from Ghana. While they broadly offer the same services and you can buy cryptocurrency at all of them, there can be differences in transaction fees, security, verification requirements, deposit methods and features, as shown below
Kraken
Kraken has a good reputation for security and protection of your funds and operates across the USA (except NY), Canada, the EU and Japan
It can be used to trade against fiat options
- Robust security measures
- Free SEPA deposits in Europe
Not a very beginner-friendly interface.
- No card deposit options
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