The cryptocurrency space in Ghana has continued to experience growth, as more people are getting onboarded to the space. A recent report revealed that over 20% of Ghana’s entire population are active market participants.
This statistics indicates growing interest for cryptocurrency adoption in Ghana, and so in this piece, we will be considering top 7 crypto apps in Ghana for users to prosecute their cryptocurrency transactions without hassles.
Before we dive in further, let’s look at some key parameters that make for a top crypto trading platform.
Things to Look Out For Before Using a Crypto App in Ghana
Here are a few key parameters to pay attention to before choosing to use crypto apps in Ghana.
- Local Payment Integration: Make sure to go for crypto apps that has local payments methods like mobile money peculiar to Ghana available. If this is not in place, it will restrict the flow of your transactions.
- Security Features: To ensure the security of both your assets and your transactions, always go for platforms that have security features like strong password requirement, 2FA, escrow features, and more.
- User-friendly Interface: No one wants to run transactions in confusion and with questions, and so always go for platforms with interfaces that can be easily navigated, to ease your trading.
- Fast transaction: Another major thing to look out for is the speed of transactions. Using platforms with slow transaction speed can impact the urgency of your trades. Go for platforms like Breet that has a transaction processing time of less than 287 seconds.
Top 7 Crypto Apps in Ghana
Below is a list of top 7 crypto apps in Ghana, where you can execute your cryptocurrency transactions.
- Breet
Breet is an over-the-counter exchange platform that uses an automated crypto to cash system to process crypto transactions, and directly deposit to users local bank in GHS. Breet has carved a reputation for itself in the crypto space with over 250,000 users, and millions of transactions successfully completed.
Pros
- Transactions are processed under 287 seconds, making it one of the fastest exchange in Ghana in terms of transaction speed.
- Breet offers the best market exchange rate to users.
- Binance
Binance is one of the most reputable centralized exchange, and it is operational in Ghana. Binance combines simple features, and advanced features like spot and futures trading to give users a wholesome trading experience.
Cons
- Regulatory issues
- Customer support may be slow during peak times.
- Remitano
Remitano is a P2P platform where traders can buy and sell crypto assets. The platform leverages an escrow feature that helps to safeguard users assets, and ensure the security of transactions on it’s platform.
Cons
- Limited number of altcoins
- No advanced trading features for pro traders.
- Luno
Luno is another platform where users can get to buy and sell cryptocurrencies. Luno also features an academy where users can learn about blockchain, and crypto so as to make better market choices.
Cons
- Limited number of cryptocurrencies
- Advanced trading features are not available for pro traders
- Paxful
Paxful is a globally reputed crypto exchange platform with a P2P platform that boasts of multiple payment methods for traders.
Cons
- Risk of scams due to a high number of merchants on the platform.
- Limited number of cryptocurrencies
- Yellow Card
Yellow Card is an African crypto exchange platform for fiat-crypto transactions. Ghanaians can trade crypto on Yellow Card via mobile money.
Cons
- Higher fees on transactions
- During peak hours, KYC verification is usually slow.
- Coinbase
Coinbase is a globally reputed centralized exchange operational in Ghana. It offers a dedicated educational academy that furnishes traders with trading knowledge. It also supports deposit and withdrawals in GHS with top notch security, and customer support system.
Cons
- High transaction fees
- Low number of tokens available for staking compared to other major centralized exchanges.
Conclusion
These crypto apps in Ghana are designed to give you a smooth trading experience. To make use of anyone, check for key things such as security, speed of transaction, regional availability to ensure you go for the one that best suit your need.
Breet combines all the key things to check for when deciding to choose a crypto platform to use. Do well to check it out, and stay safe while trading.
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