Physical currencies, such as the Ghana cedi, British pound, US dollar, Euro, and so on, are the most widely used and recognized medium of exchange for goods and services worldwide.
However, the recent phenomenon/pandemic (COVID-19) has seen a tremendous increase in the value of digital currencies (cryptocurrencies) across the world. Africa, especially Ghana, is no exception to this recent development.
The Ghana government’s initiative to digitalize the economy has also been a major contributor to the rise of crypto interest and trading among Ghanaians.
Although these currencies are finding strong roots in Ghana, there are also strong concerns raised by the Central Bank of Ghana about the emergence of many fake trading platforms in the digital currency markets. If you happen to find yourself in Ghana and have an interest in trading cryptocurrencies, then this is for you.
In this article, we intend to highlight the five most reliable cryptocurrency platforms in Ghana in accordance with our own measure of reliability.
MYBITSTORE 
Mybitstore is an online marketplace that provides fast and secure ways to purchase bitcoin with both local and international payment methods.
This crypto trading platform allows Ghanaians to buy and sell Bitcoin, USDT, and other crypto values using their Mobile Money (MOMO) and bank transfers. It comes with a free Bitcoin account as well as wallets for other cryptocurrencies. On Mybitstore, users are provided the ability to convert Bitcoin to multiple crypto values on the platform. This makes it a very unique trading platform for beginners and experts alike. Mybitstore also makes it easy for users to buy and sell bitcoin; it offers a unique automated payment platform that allows users to receive payment instantly. This new update makes withdrawal very easy. Their fees are currently the lowest in the cryptocurrency trading space, and you can earn commission when you refer others.
Based on these and more, we rate Mybitstore as one of the perfect Bitcoin apps in Africa.
KRAKEN 
According to many reports in Ghana, Kraken is rated as one of the best exchanges used in the trading (buying and selling) of Bitcoin. It provides very good services for the buying, selling, and exchanging of bitcoin wallets. It is regarded as one of the few that supports your cryptocurrency investments, by offering the trader a range of digital and fiat funding alternatives with low costs. One of the intriguing attributes of this trading platform is that it provides users with the opportunity to learn how to trade with digital currencies. Lastly, you can purchase and sell bitcoin using the local currency on the Kraken platform.
BINANCE 
Binance offers assistance to practically all countries in the world. Binance is one of the best platforms to trade if you want to swap your Bitcoin for another cryptocurrency. For your transactions, you can also use the platform’s native token, Binance Coin. Binance opened GHS deposits in 2020, allowing users in Ghana to have direct access to cryptocurrency markets. Users can buy these cryptocurrencies with GHS: BTC, ETH, BNB, and BUSD.
COINBASE 
Coinbase is one of the biggest cryptocurrency trading platforms in the world. Coinbase is based in the USA and is also available in Ghana. Its offline storage and top-notch security make it a very strong candidate to be recommended to Ghanaians. Customers may purchase and sell bitcoin using local currencies like Ghanaian cedis through this platform. So to speak, Coinbase allows you to hold an unlimited number of crypto assets.
PAXFUL 
Paxful is one of the few apps used in converting Ghana cedi (GHS) to Bitcoin. One advantage of trading on this platform is that the user might be able to avoid extra fees associated with transacting (sending money) through conventional banking institutions. On this platform, several different forms of payment are accepted as means of payment. Paxful prides itself on having trading offers for Ghanaian cedis.
Although all these digital currency exchanges are good and reliable, we advise that for the best results that meet your expectations, you must always rely on the trading platform that best serves your interests in terms of user-friendliness, fees, and withdrawal.
