Ethereum is the second-biggest cryptocurrency by market capitalization after bitcoin. The cryptocurrency has become a popular option for payments and investments in emerging markets like Ghana.
In this article, you will learn how to sell and buy ethereum in Ghana with mobile money, bank transfer, PayPal, and other payment methods.
Quick Summary
Here is a quick summary of the most essential process involved when buying ethereum in Ghana:
- Download a cryptocurrency wallet (almost all support ethereum).
- Buy ethereum – Ebitcoinics (mobile money, bank transfer), LocalCryptos (mobile money, bank transfer).
- Transfer ethereum to the wallet.
- Back-Up your wallet.
A more detailed step-by-step guide can is down below:
What is Ethereum?
Ethereum is an open-source and decentralized blockchain software platform launched in 2015. Ethereum has become a popular platform for building decentralized applications and raising funds through Initial Coin Offerings (ICOs).
Also, Ethereum is a programming language used to build other cryptocurrency tokens using protocols like ERC20 and ERC233.
Get An Ethereum Wallet
You will need an ethereum wallet to store your coins after you have bought them. It is common practice that people keep their cryptocurrencies on exchanges. However, it is not a safe thing to do since a compromise of the exchange may lead to the loss of your funds.
Most cryptocurrency wallets allow you to store ethereum. Some of the top cryptocurrency wallets include Exodus and Trust Wallet. Hardware wallets like Ledger and Trezor are also an option for users who want maximum security.
Top Places To Buy Ethereum in Ghana
Buying ethereum in Ghana is easier than it used to be. There are several options to choose from and different payment options to use.
Here is a list of the top 3 platforms that allow you to buy ethereum in Ghana.
Buy Ethereum on Ebitcoinics
Ebitcoinics is one of the oldest cryptocurrency exchanges in Ghana. The exchange provides customers online and offline services, with a walk-in bitcoin shop in Accra and Kumasi.
You can buy ethereum in Ghana on Ebitcoinics using MTN mobile money, bank transfer, and other payment options.
Step 1: Create an account.
To get started, you will have to create an account at EBitcoinics.com.
After that you will be required to confirm your email address and mobile number. Finally, you will have to fill a form with your details to complete your registration.
Step 2: Buy Ethereum
After you have successfully created your account, you can proceed with buying Ethereum on EBitcoinics.
You will have to navigate to the buy section under “Exchanger” in the navigation bar.
Select your country and Ethereum as the currency and your preferred payment method. Follow the process to complete your purchase.
Buy Ethereum on LocalCryptos
Another new platform where you can buy ethereum in Ghana is LocalCryptos. It is a peer-to-peer platform similar to Paxful. However, it allows traders to buy and sell ethereum.
Compared to the other platforms in this article, LocalCryptos does not require you to verify your identity to use the platform.
To use LocalCryptos, you have to create an account on the platform and browse through the offers from sellers to make your purchase. You can buy ethereum in Ghana on LocalCryptos with MTN mobile money and Chipper Cash.
Buy Ethereum on Remitano
Remitano is another peer-to-Peter cryptocurrency exchange that allows you to buy ethereum in Ghana.
You can purchase ethereum in Remitano using mobile money and bank transfer. Because there are very few sellers on Remitano, the price of ethereum on the exchange is significantly higher than in other places.
Regardless of this, Remitano is a decent exchange for buying ethereum in Ghana. Remitano also requires creating an account. Find a list of sellers after selecting ethereum as the currency you want to trade.
Finally, you have to open a trade with your preferred trader and complete the trade.
Do you have any questions about buying ethereum in Ghana? Ask them in the comments section below. We also run a Ghanain Telegram Community, join us if you are interested in talking Crypto in Ghana.
The post How To Buy Ethereum In Ghana – The Ultimate 2020 Guide appeared first on BlockNewsAfrica.
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