How To Buy Bitcoin in Ghana

This article will walk you through the entire process of how to buy bitcoins in Ghana and Nigeria.

What Is Bitcoin?

Bitcoin also referred to as BTC is a virtual currency invented in 2008 by an unknown person or group of people using the name Satoshi Nakamoto. Bitcoins exist only virtually, meaning there aren’t any physical bitcoins in the world. You can only keep bitcoins in virtual bitcoin wallets. Bitcoin balances are kept on a public ledger that everyone has transparent access to(This doesn’t mean your personal wallet will be accessible to the public).

Using Bitcoin is safe and completely anonymous. It is currently amongst the top 10 cryptocurrencies in the world. To learn more about cryptocurrency and how it works you should check out my article on Cryptocurrency and blockchain in Ghana.

How To Buy Bitcoins in Ghana

Buying bitcoins in Ghana is very easy. You just need to find the right company to purchase your bitcoins from to avoid getting scammed by scammers online. In this article, I will be showing you two of the best ways to buy bitcoins in Ghana. The first method is to use a Nigerian, Ghanaian-based company known as Stropay. The second method will walk you through how to buy bitcoins from a global cryptocurrency trading platform known as Paxful.

Note: Do not purchase bitcoins from individuals you do not know. It’s always advisable to use a company.

How To Buy Bitcoins in Ghana with Zenithincome(Stropay).

Let’s begin with how to buy bitcoin from Stropay. Now before you get a little confused, Stropay is the same as Zenithincome. The company recently rebranded its entire website from Zenithincome to Stropay. Zenithincome(Stropay) sells almost every cryptocurrency including Bitcoin USD, Bitcoin Cash USD, and others.

I remember making a quick search on google for cryptocurrency exchangers in Ghana and I happen to come across this company zenith income which is now known as stropay. I started purchasing bitcoins in 2014 from this same company till today and they always deliver my bitcoins on time. I have written a full review about this company in my other post you can read the entire review by clicking here.

In this guide, I’m going to walk you through the entire process of how to purchase bitcoins in Ghana with Stropay.

Quick Reminder: In order to buy bitcoins, you will need a bitcoin wallet. A bitcoin wallet is where your bitcoins are kept. Your bitcoin wallet will automatically come with a receiver address. Make sure you put in the right bitcoin receiver address when buying bitcoins. If you don’t have a bitcoin wallet you can open one at blockchain.info

1. Go to Stropay. Click on register, Put in your username, Email, Phone number, Password, and click on the register button.

2. Log in to your Stropay(zenithincome) account with your email and password.

3. Click on Buy at the menu of the website. You’ll be taken to the page below.

4. Select Bitcoin USD, Put in the amount of BTC USD you want to purchase

5. You will be asked to verify your account before you can exchange with them. They will like you to upload your government-issued ID and a selfie picture of yourself holding your ID.
You will need to also Update Your Personal Profile to be able to place orders. After doing so, you can continue with your order.

To make this process faster, It’s advisable to call them to let them know you want to make a transaction so they can approve your details as soon as possible. If you don’t feel comfortable talking on the phone with them, You can just text them on WhatsApp and you will receive a reply from them within 14 hours.

Contact Details: Stropay Tel: 0302245414, WhatsApp: 0246373736

How to buy bitcoins in Ghana with Paxful

Paxful is a global cryptocurrency trading platform where you can safely trade with millions of users, using 300+ payment methods. Getting a paxful account is completely free and easy to get.

The first thing you’ll have to do is to create an account on the paxful website. You will be sent a verification code to your email and your phone number. After successfully verifying your account, You will be given access to your paxful dashboard where you can buy or sell bitcoins.

You will be provided with a virtual tour when you sign in to your account. The virtual tour will walk you through the entire process on how to buy and sell Bitcoin (BTC) in Ghana.

Most Bitcoin vendors on the platform accept mobile money, bank transfer, gift cards…etc in exchange for bitcoin. You will be able to see the vendors name and reviews before placing and order with him or her.

The Paxful dashboard will also enable you to see the average trade speed of a particular seller as well as his/her rate for selling and buying Bitcoin. Using Paxful is safe and easy to use for new buyers. If you encounter any issues with a seller on the platform, You can reach out to the paxful support team for assistance.

How to buy Bitcoins on Binance in Ghana

Binance is the world’s largest crypto exchange website that offers a platform for trading various cryptocurrencies. Getting a binance account is completely free.

In order to purchase bitcoins on Binance, you’ll first need to register on Binance. You can do this on your computer by visiting Binance.com or downloading the Binance Desktop Client, or using our intuitive and straightforward Binance App for iOS or Android. To buy Bitcoin with GHS, you need to complete level 2 identity verification (Know Your Customer – KYC), which will increase account security and increase your daily withdrawal limits.

Then add at least one payment method. Binance P2P now supports over 60 payment methods, including Mobile Money.

Step 1: Specify the search criteria.

1. Download and open the Binance mobile App and choose “P2P Trading.”
2. Select the Buy tab and choose BTC.
3. Click the filter icon at the top right of your screen and select the Bank payment method and the GHS currency to buy the crypto. Then, hit “Confirm.”

Step 2: Select the best offer.

1. You will see a list of offers where you can choose from, select the one that works best for you. 
2. Put in the amount of Bitcoin you will like to buy or the amount of Ghana cedis you want to spend.
3. Transfer the money directly to the seller based on the seller’s payment information provided within the payment time limit. You can use the chatbox to communicate with the seller as well.
4. Make sure that you send the money to the seller and tap on “Transfer“ next.

Step 3: Receive your Bitcoin.

1. Tap on Confirm. Please do not click Confirm if you have not made any transactions. Doing that will violate the P2P User Transaction Policy.
2. The status will change to “To be released.” 
3. Congratulations! You have completed a trade and get your Bitcoin! 

Need more information? Watch this short Youtube video about how to buy crypto on Binance P2P via the app.

How To Buy Bitcoin in Nigeria

You can buy bitcoin in Nigeria with Paxful, Luno, or Binance.

The cryptocurrencies like Bitcoin are digital currencies that can be used online as cash equivalents. You can buy and sell them using a cryptocurrency trading platform, or via an online exchange. Transactions made with cryptocurrencies are extremely secure and cannot be easily shut down by governments. Transactions are made public, so anyone can see that $50 worth of Bitcoin was sent to another person. However, the identities of the sender, as well as the recipient, remain completely anonymous.

Why Buy Bitcoin?

Many people use Bitcoin to send money cheaply, securely, and anonymously around the globe. The fees for cryptocurrency transactions are much lower than wire transfers or bank transfers, due to the virtual economy. Cryptocurrency can be used anonymously to even buy narcotics online. Some also invest in Bitcoin to make big profits on volatile markets.

Trading Bitcoin can be a great way to make or lose a lot of money. The majority of cryptocurrencies are not backed by fiat currency and their value is almost entirely dependent upon market speculation. Bitcoin is the most popular cryptocurrency on the market and the most secure. Here are the steps needed to buy bitcoin in Nigeria

Know the amount you want to buy 

The initial step is to know how much bitcoin you’ll like to purchase. You can use a Naira to Bitcoin calculator to know how much your naira is worth in Bitcoin. You can purchase as many bitcoins as you’ll like. Depending on where and the sum of coins you’ll like to purchase, an ID may be required for verification.

Buy Bitcoin using Binance in Nigeria

Binance is a P2P trading platform for Cryptocurrency. Mobile Money payments are available for Naira peer-to-peer (P2P), trading. You can buy Bitcoin in Nigeria using Binance P2P. Mobile Money is the most popular payment service in Nigeria. You can also purchase Ethereum, USDT, and BNB at zero transaction fees.

This makes it easier to enjoy zero fees on BinanceP2P. This also opens up more options to buy and/or sell Bitcoin in Nigeria, particularly when compared with the profit margins between 1% and 3% for P2P trading across Africa.

Buy Bitcoin with Paxful

Paxful is a global cryptocurrency trading platform where you can safely trade with millions of users, using 200+ payment methods. Getting a Paxful account is completely free and easy to get. 

The first thing you’ll have to do is to create an account on the Paxful website. Verify your account, select a seller on the platform and begin trading. Paxful is safe to use and has an escrow service for all transactions to prevent you from fraud. 

Paxful allows you to buy Bitcoin using any payment method, including Amazon Gift Card or iTunes Gift Card.

Buy Bitcoin with Stropay.me

Stropay.me is a Nigerian crypto exchange company with branches in Ghana and Nigeria. They trade in almost every crypto including bitcoin, Ethereum, among others.