Ghana is one of the few African countries to have fully embraced cryptocurrency trading and its associated benefits.
As a result, numerous crypto platforms offer crypto-related services, including the sale of Bitcoin for cash.
However, not all of them offer competitive rates and quick transactions. Here are the top five apps that provide seamless and high-rate conversions when you sell Bitcoin in Ghana:
This article discusses the details of the above-listed options and what they offer customers.
It also provides a backstory to the growing crypto adoption in the country and what to look for when considering an app for BTC to GHS conversions.
Take a seat as we walk you through how to sell Bitcoin for Cedis in minutes.
Why Ghanaians Are Selling Bitcoin More Than Ever
Ghana is at the forefront of African countries that have adopted cryptocurrency.
Roughly 17% of Ghanaian adults hold a cryptocurrency, with Bitcoin being the most popular asset type. In this section, we explore the factors driving the adoption of cryptocurrency (especially Bitcoin) in the region:
- Rising dollar rates: One of the primary reasons why Ghanaians are looking for apps to sell bitcoin in Ghana (and other crypto assets), is the rising dollar rates and weakening of the local currency, the cedi. Most adults cling to Bitcoin since it offers more stability than
- Remittances: Unlike local currencies, crypto offers quick and low-cost remittances. Usually, this process is tied down by several traditional restrictions. Additionally, local banks often inflate their fees. With cryptocurrency, like Bitcoin, you can participate in remittances without banks and expensive go-betweens. The transactions are swift and are accompanied by minimal cost. On this note, many Ghanaians are exploring cryptocurrency to reap these benefits.
- Investment interest: Cryptocurrencies offer an opportunity to invest and earn. Digital currencies provide several convenient options. Aside from traditional, low-interest options, cryptocurrency offers young, savvy investors access to products like DeFi for increased profit margins. Hence, most young Ghanaian adults explore this hustle.
As cryptocurrency becomes increasingly prevalent in Ghana, there is a growing need for safe and easy-to-use apps to convert BTC to cedis.
But how do you spot reputable options?
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What to Look for in Apps that Sell Bitcoin in Ghana
When you want to choose a Bitcoin selling app in Ghana, there are particular features you should consider. This ensures you don’t stumble on scams and are guaranteed the best deals. Here are the features:
1. Fast GHS withdrawals (Mobile Money, bank transfers)
Speed is a virtue that’s preferred when dealing with apps and online platforms.
The basis is simple: speed facilitates trust. The faster an app can convert your Bitcoin to cash, the better.
On that note, look for apps that can send your funds either through mobile money or bank transfer in a couple of minutes.
An example is the automated conversion of Bitcoin to Cedis that the Breet App operates. Within five minutes, you get your funds with no hidden charges.
2. Low fees and Good exchange rates
Choose apps that offer low or no fees and competitive exchange rates. Be cautious when scrutinizing the platforms to avoid any hidden charges. Compare the platforms you are considering based on costs and rates. Lean towards apps that have little or no fees on deposits and withdrawals. Also, opt for apps with tiger spreads. This ensures you receive a significantly higher amount of Cedis for the Bitcoin you sell.
3. Reputation and security
Looking for just any app that helps sell bitcoin in Ghana isn’t enough. Opt for apps with an established track record. Ask questions like, ‘How long has the app been operating?’ and ‘What are the general reviews regarding its operations?’ Siding with a crypto-to-cash app that has a solid reputation provides less risk, and you can be more confident regarding their offerings.
Similarly, verify that security measures are in place to ensure your funds and information are secure.
Some of these features include 24/7 customer support, verified Know Your Customer (KYC) and Anti-Money Laundering (AML) requirements, and encrypted wallets. Bonuses include two-factor authentication and escrow services. These measures reduce the chances of fraud and potential third-party interference.
Top 5 Apps to Sell Bitcoin in Ghana
- Breet
- Binance
- Paxful
- DartAfrica
- Remitano
Comparing the Top 5 Apps for Selling Bitcoin for Cash in Ghana
Now, here are the top 5 apps for selling Bitcoin for cash as a Ghanaian:
1. Breet
The Breet App is one of the top apps to sell Bitcoin in Ghana.
It is an over-the-counter platform that provides fast crypto-to-cash transactions to Ghanaians.
Once you have decided the amount of Bitcoin you want to convert, you get a direct transfer to your bank account.
The platform is tailored to serve Ghanaian users, ensuring a seamless user experience.
Also, there is an in-built rate calculator that allows you to monitor the crypto rates in real time, so you can convert when the rate serves you at zero charges.
Currently, Breet is trusted by over 250,000 verified users and every transaction takes less than 287 seconds.
Pros:
- Easy-to-navigate and user-friendly interface.
- No deposit or withdrawal fees when you sell Bitcoin in Ghana
- 24/7 customer support via email and phone
- Built-in rate calculator to know the rates in real-time
- Zero transaction fees
Cons:
- Provides OTC only. You can’t buy Bitcoin on Breet, you can only sell and swap
Supported Withdrawal Methods: Local bank accounts, MTN, Airtel-Tigo Mobile Money, Vodafone.
Typical selling time: Quick, usually under five minutes.
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2. Binance P2P
Binance is a global cryptocurrency exchange that offers its services to Ghanaians.
The platform has developed a reputation for quick transactions.
It is also easy to navigate. The app is not clustered, and all the features are well-organized, so you know how to sell and buy Bitcoin.
For the best offer, most investors typically navigate to the P2P section of the platform. Binance connects you with a willing buyer, and you make a trade.
Pros:
- Competitive rates: The selling rate is in line with the market’s.
- Has higher liquidity due to its large user base
- Simple user interface
- Provides escrow services for their P2P trades
Cons:
- Requires communication with buyers for quick and guaranteed transfers
- Scammers might act as buyers, so extra caution is needed.
Supported Withdrawal Methods: MTN, Airtel-Tigo Mobile Money, Vodafone, and local bank accounts.
Typical selling time: Can take up to 30 minutes, depending on the buyer’s response.
3. Paxful
Paxful is another app that can help you sell bitcoin in Ghana.
It is a P2P platform like the Binance P2P section that connects buyers with sellers and facilitates seamless trades.
As a seller, you list the Bitcoin you want to sell and your preferred payment method. Any interested buyer will contact you and arrange the transfer.
On most days, the transactions are quick. Additionally, since the buyer and seller agree on the rate, it is pretty competitive.
Pros:
- Supports several payment options
- Uses an escrow security system
- Has an active and thriving Ghanaian user base.
Cons:
- Sellers might run into unverified buyers
- Most of the processes are manual as opposed to the automatic nature of the Breet App.
Supported Withdrawal Methods: MTN, Airtel-Tigo Mobile Money, Vodafone Cash, local bank accounts, and more.
Typical selling time: Varies depending on the buyer’s response.
4. DartAfrica
You can sell Bitcoin in Ghana pretty easily on DartAfrica.
They offer swift conversion times. Ghanaians are guaranteed high rates. However, you can only convert $20 worth of Bitcoin and above. This limits the sellers who can have access to their services. But once you process the transaction, the funds get sent directly to your local bank account.
Pros:
- Automated transactions, Excellent rates with real-time market updates
- Provides safety and security measures
- User-friendly interface
Cons:
- Limited crypto trading features
- Support bank account options only
Supported Withdrawal Methods: Local bank accounts
Typical sell time: Takes about 5 to 15 minutes to process withdrawals.
For You:
5. Remitano
Remitano is a P2P platform where users can buy and sell Bitcoin in Ghana for Cedis.
When you’re ready to sell, the app connects you with a willing Ghanaian buyer.
Once a connection is formed, Remitano utilizes an escrow service to ensure the security of each transaction.
The process is seamless, and the app only charges a fraction (1%) of your funds. However, when you are willing to trade, Ghanaian buyers might not be available.
Pros:
- Seamless P2P trading
- Crypto to crypto and crypto to fiat swaps
- Good security
Cons:
- Underwhelming customer support
- Unregulated processes
Supported Withdrawal Methods: Mobile money and local bank account options.
Typical selling time: Varies depending on the buyer’s response.
How to Sell Bitcoin in Ghana Using Breet (Step-by-Step)
The Breet App is the best place to sell Bitcoin in Ghana for cash.
Here is a thorough step-by-step guide on how to sell Bitcoin and get Cedis in return as a Ghanaian.
Step 1: Sign up for a Breet Account
The first step to selling your Bitcoin for Cedis is signing up for a Breet account.
You can do this by downloading the Breet App on the Google Play Store or the iOS App Store. Another alternative would be to sign up for the web app.
Once you open the app, tap get started. Choose “Ghana” on the next page that appears and provide the necessary details (email, password, and others) to create an account.
Step 2: Verify Your Identity
After you have signed up and successfully logged in, you will need to verify your identity. This requires the submission of the KYC (Know Your Customer) and uploading the required documents.
You need to do this process before you can move to the next steps.
Step 3: Deposit Bitcoin to Your Breet Wallet Address
Next, you need to create a Bitcoin wallet address on Breet where you can deposit your Bitcoin.
Your unique Bitcoin wallet address gets auto-generated after you sign up. So, search for Bitcoin in the list of cryptocurrencies.
Once you do, copy the generated wallet address and send the Bitcoin to it. Once you do, the transaction only takes a couple of minutes.
Step 4: Withdraw the Bitcoin for Cedis
Now, for what you have probably been waiting for, it is time to withdraw the Bitcoin.
The good thing is that once you deposit Bitcoin into your Breet wallet address, your balance reflects in Cedis.
Locate the menu bar and tap on bank details. Update your bank information to get your withdrawal in Cedis.
Initiate the withdrawal by tapping the “withdraw” option in the menu, and Breet will transfer the funds in under five minutes.
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Safety Tips When Selling Bitcoin in Ghana
Selling Bitcoin only comes with a certain degree of risk.
If you are not familiar with what to look for, you might become a victim of scams. Here are four safety tips you should take whenever you want to sell Bitcoin for cash:
- Only use verified platforms: Several platforms are operating in Ghana’s cryptocurrency space. Ensure you download the right app to avoid scams. Also, if you notice anything off about the website you are about to use, exercise caution. Do further research to ensure you are making the right choice.
- Beware of P2P scams: Platforms like Binance offer a P2P section where you make deals with buyers to sell your Bitcoin for cash. However, when dealing with people, it is best to have a middle ground to ensure the safety of both parties. Most platforms leverage an escrow service. If you ever want to use a P2P section, it is best to use that with an escrow service.
- Avoid sharing wallet keys or private info: Never share your wallet keys or private information. Your wallet keys are private information and should remain confidential. Revealing your wallet keys can lead to a scammer emptying your account. The same applies to your passwords. Keep those private, so unwanted parties don’t get access to your information.
- Enable two-factor authentication: Platforms like Breet offer two-factor authentication. This ensures every transaction you perform is by you. For example, if someone gains access to your passwords, they will need to provide additional information to process withdrawals. This feature keeps your information and funds safe.
Conclusion
It is easy to sell Bitcoin in Ghana; all you have to do is know the right apps. Fortunately, this article covers the best picks. But of the many options, one sticks out above all the rest: Breet. The app offers seamless and swift conversions.
Sign up today to sell your Bitcoin for Cedis in under five minutes.
