Free Guide: How to Buy Cryptocurrency in Ghana

By: fahad
January 19, 2020 2:51 PM UTC
Easily Buy Cryptocurrency in Ghana

Updated 05/2020

If you are looking to buy cryptocurrency in Ghana, you will need to use a cryptocurrency exchange. There are Ghana-based over the counter (OTC) methods to buy cryptocurrencies in Ghana, however, this article only focuses on how to buy cryptocurrency in Ghana using online exchanges, particularly those friendly to citizens and residents of Ghana.

There are numerous online exchanges to buy cryptocurrencies, but due to regulations, not all of them are available in Ghana. Therefore, this article intends to outline twenty exchanges that people of Ghana can use to legally buy cryptocurrency in Ghana, and get started with trading cryptocurrencies compliant with Ghana regulations.

 1. Coinbase – buy and sell cryptocurrency Ghana

Coinbase is the first cryptocurrency exchange I ever used to buy and sell cryptocurrencies in Ghana, and I imagine it’s probably the first exchange most people tend to use for buying and selling cryptocurrencies in not only Ghana, but the world.

Coinbase Benefits for buying cryptocurrency in Ghana

– Includes a consistently high trade volume 

– Easy to use and user friendly interface

– A trusted and reliable exchange 

Coinbase Negatives for buying cryptocurrency in Ghana

The negatives of using Coinbase to buy cryptocurrency in Ghana are a lack of privacy due to Coinbase requiring users to verify their national IDs before they can use the platform, high fees, and a very limited array of cryptocurrencies.

 Coinbase Fees for buying cryptocurrency in Ghana

The fees for buying and selling cryptocurrencies in Ghana on Coinbase tend to vary. Purchases made using credit/debit card have a 3.99% fee for deposits. The Withdrawal fee on Coinbase is 1.49%.

 2. Coindirect – Buy cryptocurrency in Ghana 

Coindirect is a popular and well-established cryptocurrency exchange that is used in most countries, including Ghana.

Coindirect Benefits for Buying Cryptocurrency in Ghana

– A consistently high trade volume for Ghanian traders 

– Easy to use and user-friendly interface  

– The ability to trade cryptocurrencies with fiat currencies for Ghanian traders 

– KYC check is not a requirement for trading cryptocurrencies on Coindirect

– Coindirect accepts Ghanian Cedi

Coindirect Negatives for Buying Cryptocurrency in Ghana

The negatives of using Coindirect to buy cryptocurrency in Ghana are high fees and a limited array of cryptocurrencies available for purchase for Ghanian cryptocurrency traders.  

Coindirect Fees for Buying Cryptocurrency in Ghana

The fees for buying and selling cryptocurrencies in Ghana on Coindirect tend to be very straightforward. Coindirect does not charge anything for purchases made on their platform, however, sellers are subject to a 1% fee. There are no hidden fees for withdrawals or deposits.

3. Binance – Buy cryptocurrency in Ghana

From personal experience, I can say that Binance is one of the best exchanges for buying and selling cryptocurrencies, regardless of whether you are a citizen id Ghana or a foreign resident in Ghana.

Buy Bitcoin in Ghana

Binance Positives for Buying Cryptocurrency in Ghana

– Binance offers very low fees to Ghanian traders 

– Binance is easy to use and has a user-friendly interface 

– No national ID verification necessary for signing up 

Binance is the most popular exchange worldwide and has one of the highest trade volumes among cryptocurrency exchanges that are available to traders in Ghana. Binance also offers a wider selection of cryptocurrencies in comparison to other high liquidity exchanges in Ghana.

Binance Negatives for Buying Cryptocurrency in Ghana

The negatives of using Binance to buy cryptocurrencies in Ghana is the fact that Binance is not very well regulated.

Binances Fees for Buying Cryptocurrency in Ghana

The fees for buying cryptocurrencies in Ghana, on Binance, are extremely low. Binance does not charge any deposit or withdrawal fees. Also, Binance only charges a 0.1% fee for trading cryptocurrencies.

 4. KuCoin – Buy cryptocurrency in Ghana

From personal experience, we can say KuCoin is one of the easiest cryptocurrency exchanges to buy and sell cryptocurrencies in Ghana.

KuCoin Benefits for Buying Cryptocurrency in Ghana

– KuCoin offers low fees for buying cryptocurrency in Ghana 

– an easy to use and user-friendly interface 

– no national ID verification required to trade 

– a large array of cryptocurrencies available for trading.

KuCoin Negatives for Buying Cryptocurrency in Ghana

The negatives of using KuCoin to buy cryptocurrency in Ghana include the inability to exchange cryptocurrencies with Ghanaian Cedi and liquidity issues for Ghanaian traders due to low volumes for certain cryptocurrencies.

KuCoin Fees for Buying Cryptocurrency in Ghana

The fees for buying cryptocurrencies on Kucoin in Ghana are very low. There are no deposit fees, however withdrawals made on Kucoin are subject to varying fees. Fee for buying and selling cryptocurrencies is at a rate of 0.1%.

 5. Bitfinex – Buy cryptocurrency in Ghana

While going through the Bitfinex platform, it is easy to notice that the intent of its design is to cater to more advanced traders in Ghana. Thus, Ghanaian cryptocurrency buyers and Ghanaian cryptocurrency sellers who are new to the market may struggle with Bitfinex.

Bitfinex Benefits for Buying Cryptocurrency in Ghana

– Bitfinex offers Ghanian Crypto buyers ability to exchange cryptocurrency for fiat 

– Bitfinex has a lot of liquidity due to high trading volumes 

– Bitfinex has a large array of cryptocurrencies to choose from 

– Bitfinex offers advanced trading features 

Bitfinex Negatives for Buying Cryptocurrency in Ghana

The negatives of using Bitfinex to buy cryptocurrency in Ghana is that it is not easy to use and may prove difficult for inexperienced users to start their trading journey. Also, Bitfinex may require national ID verification for certain cryptocurrencies or to expedite the deposit/withdrawal process.

It is important to note that Bitfinex has varying levels of legal cases against it due to its failure to safeguard user funds in the past. 

Bitfinex Fees for Buying Cryptocurrency in Ghana

The Fees for buying and selling cryptocurrency on Bitfinex in Ghana are slightly on the higher end. Deposits for cryptocurrencies are free, however fiat deposits are charged 0.1%. Trading fees are highly variable, but most traders will be subject to 0.1 to 0.2% fees. Withdrawal orders have varying fees based on the cryptocurrency being withdrawn, while fiat deposits have a 0.1% fee or 1% fee for express withdrawals.

 6. Kraken – Buy cryptocurrency in Ghana

From personal experience of buying and selling cryptocurrencies, I can say that Kraken is a better version of Coinbase, and this will likely be felt by crypto traders in Ghana.

Kraken Benefits for Buying Cryptocurrency in Ghana

– Kraken has ample liquidity for Ghanaian traders due to high trading volumes

– Kraken offers margin trading for buying cryptocurrency in Ghana  

– Kraken offers Ghanaian crypto buyers access to futures 

– Kraken also has an OTC desk, dark pools, and crypto indices for cryptocurrency buyers in Ghana

Kraken is a leading cryptocurrency exchange accessible to Ghanians who need an exchange that supports exchange between fiat and cryptocurrencies. (Only certain fiat currencies are supported.)

Kraken Negatives for Buying Cryptocurrency in Ghana

The negatives of using Kraken to buy cryptocurrency in Ghana include a limited array of cryptocurrencies and a varying fee structure that could make it expensive for most Ghanian traders who only seek to buy small amounts of crypto in Ghana. Also, Kraken does not support Ghana’s national currency.

Kraken Fees for Buying Cryptocurrency in Ghana

The Fees for buying cryptocurrency on Kraken in Ghana are among the highest in the industry. Trading fees can be as high as 0.26%. However, the low end of fees is 0%, but this offer is only available for high roller Ghanaian crypto buyers (million-dollar trades).

Deposits are mostly free or charged a very small fee for certain cryptocurrencies, however, Kraken does have a one time fee to create a deposit address. Withdrawal fees for cryptocurrency buyers in Ghana vary, but are very low.

 7. Bittrex – Buy cryptocurrency in Ghana

Ghanaians aiming to trade cryptocurrency on Bittrex will notice that it is similar to large global exchanges like Binance, but with higher fees for Ghanaian crypto buyers. 

Bittrex Benefits for Buying Cryptocurrency in Ghana

– Bittrex allows Ghanaian cryptocurrency buyers orders between fiat and cryptocurrencies 

– Bittrex has a very wide selection of cryptocurrencies for trading in Ghana

– Bittrex is easy to use and can be a good start for buying cryptocurrency in Ghana

Bittrex Negatives for Buying Cryptocurrency in Ghana

The negatives of using Bittrex to Buy cryptocurrency in Ghana include dealing with a highly regulated exchange, therefore national ID verification is a requirement. Also, due to Bittrex’s highly regulated nature, cryptocurrency buyers in Ghana can end up waiting a long time for ID verification and deposits/withdrawals.

Bittrex Fees for Buying Cryptocurrency in Ghana

The fees for buying cryptocurrency on Bittrex in Ghana are some of the highest in the market. Buying and selling cryptocurrencies in Ghana, on Bittrex, comes at a fee of 0.25%. Bittrex does not charge any deposit fees. Bittrex charges a very low withdrawal fee to crypto buyers in Ghana, mainly covering the cost of utilizing the respective blockchain’s service.

 8. Changelly – Buy cryptocurrency in Ghana

Changelly is meant to be good for first-timers across the world, including Ghanians who need to buy cryptocurrency. Due to this, it has a very intuitive interface for beginners looking to buy cryptocurrency in Ghana.

Changelly Benefits for Buying Cryptocurrency in Ghana

– Changelly has the largest selection of cryptocurrencies on the market 

– Changelly allows users to buy cryptocurrency using fiat currency 

– Changelly does not require national ID verification; it is one of the few exchanges to buy cryptocurrency using fiat without national ID verification

 Changelly Negatives for Buying Cryptocurrency in Ghana

The negatives of using Changelly to buy cryptocurrency in Ghana are that Changelly has one of the highest fees for trading, withdrawals, and deposits. Also, even though Changelly allows users to buy cryptocurrency on their platform with fiat, the platform does not actually permit users to trade cryptocurrencies for fiat.

This means Changelly can be used to convert fiat to crypto, but crypto cannot be converted to fiat on the platform.

Changelly Fees for Buying Cryptocurrency in Ghana

The fees for buying cryptocurrency on Changelly in Ghana are relatively high. Buying and selling cryptocurrency on Changelly will be accompanied with a 0.25% trading fee. Changelly charges a very high 5% fee for fiat deposits. Changelly charges a very low withdrawal fee to cover the cost of utilizing the respective blockchain’s service.

Buy Bitcoin in Ghana

9. Huobi Global – Buy cryptocurrency Ghana

Huobi is one of the largest and most liquid exchanges in the world. Even though Huobi is based in China, is it easily usable by traders looking to buy cryptocurrency in Ghana.

Huobi Benefits for Buying Cryptocurrency in Ghana

– Huobi has a wide selection of cryptocurrencies for Ghanian traders

– Huobi has low fees for buying Crypto in Ghana

– Huobi has a lot of liquidity due to its extremely high trading volume

– Huobi does not require national ID verification

Huobi is probably the only exchange that can compete with Binance in liquidity. 

Huobi Negatives for Buying Cryptocurrency in Ghana

The negatives of using Huobi to buy cryptocurrencies in Ghana are that Huobi is loosely regulated. Additionally, Huobi has more advanced trading features which can be complicated for novice traders. Even Huobi’s trading fee tiers are complex, as users, including cryptocurrency traders in Ghana, can avail far lower fees by buying Huobi Points, but this process is not easy for new users.

Huobi Fees for Buying Cryptocurrency in Ghana

The fees for using Huobi to buy cryptocurrency in Ghana are on the high side. Huobi charges fees of 0.2% for trading cryptocurrency on their platform. Huobi has no deposit fees on their platform, and Huobi charges a very low withdrawal fee to cover the cost of utilizing the respective blockchain’s service.

 10. Bitforex – Buy cryptocurrency in Ghana

Ghanian traders looking to buy and sell cryptocurrency in Ghana should note that Bitforex has a poor reputation due to it faking most of its volume, but it is still a convenient marketplace for Ghanian Crypto buyers as it has many cryptocurrencies not accessible on other Ghana-accessible exchanges. Traders looking to buy cryptocurrency in Ghana can access Bitforex with ease as it is a fairly easy to use exchange, although the interface can lag a bit. 

Bitforex Benefits for Buying Cryptocurrency in Ghana

– Bitforex has low fees

– Bitforex does not need national ID verification from Ghanian traders

– Bitforex has a wide selection of cryptocurrencies, and a lot of liquidity due to high trading volumes

Bitforex Negatives for Buying Cryptocurrency in Ghana

The negatives of using Bitforex to buy cryptocurrency in Ghana are that, similar to Binance and Huobi, Bitforex is loosely regulated. Additionally, the exchange lacks advanced trading feature, fakes most of its volume, and often lags.

Bitforex Fees for Buying Cryptocurrency in Ghana

The fees for using Bitforex to buy cryptocurrency in Ghana are relatively very low. Bitforex does not charge any fees for deposits made to their platform, to make withdraws users pay a very low withdrawal fee to cover the cost of utilizing the respective blockchain’s service. Bitforex only charges a 0.1% fee for trading on the platform.

 11. Coinmetro – Buy cryptocurrency in Ghana 

Coinmetro has perhaps the lowest volume among global fiat exchanges, making it the last option any Ghanian trader or Ghanian Crypto buyer should resort to. However, Coinmetro uses market makers on every pair so Ghanian Crypto buyers will be able to access volume if they end up using this exchange. 

Coinmetro Benefits for Buying Cryptocurrency in Ghana

– Coinmetro allows fiat-to-cryptocurrency trading for Ghanians crypto buyers

– Coinmetro has low fees for buying cryptocurrency in Ghana

– Coinmetro accepts Ghanian Cedi

Coinmetro Negatives for Buying Cryptocurrency in Ghana

The negatives of using Coinmetro to Buy cryptocurrency in Ghana are that the exchange has little volume, few cryptocurrency options, and requires national ID verification. 

Coinmetro Fees for Buying Cryptocurrency in Ghana

The fees for using Coinmetro to buy cryptocurrency in Ghana are among the lowest possible. Coinmetro allows fiat deposits to be made on their platform. Using a credit or debit card to make fiat deposits from Ghana, the user will pay 4.99%, but you can wire the money for just 1 Euro. Cryptocurrency deposits are free.

Trading fees are 0.1%, but if Ghanian traders create a market making trade offer, the fee is -0.05%, which means the exchange pays you. Withdrawal fees are 0.15%.

 12. Poloniex – Buy Cryptocurrency in Ghana

Poloniex used to be one of the leading cryptocurrency exchanges available to Ghanian traders. While the exchange has lost some popularity, buying cryptocurrency in Ghana from Poloniex is still a good experience.

Poloniex Benefits for Buying Cryptocurrency in Ghana

– Poloniex has high liquidity for Ghanian traders

– Poloniex offers many different cryptocurrencies available for trading, margin trading and stop-limit orders

– Poloniex accepts fiat deposits, and unlike other exchanges, does not charge a fee on fiat deposits

Poloniex Negatives for Buying Cryptocurrency in Ghana

The negatives of using Poloniex to buy cryptocurrency in Ghana: Does not support fiat currencies. Withdrawing cryptocurrencies from the exchange can be problematic without national ID verification.

Poloniex Fees for Buying Cryptocurrency in Ghana

The fees for using Poloniex to buy cryptocurrency in Ghana are fair. Poloniex does not charge Ghanians any deposit or withdrawal fees for fiat and cryptocurrencies. Trading fees on Poloniex are high though, Poloniex charges between 0.15%-0.25% for trading.  

 13. Bancor – Buy cryptocurrency in Ghana

Bancor is meant to be a hybrid between a decentralized and centralized exchange, but it is not good at either. Even then, Bancor’s partial decentralized nature keep it accessible to most users, including those seeking to buy cryptocurrency in Ghana.

Bancor Benefits for Buying Cryptocurrency in Ghana

– Bancor has the lowest fees in the market for Ghanian Crypto buyers

– Bancor has a very large number of cryptocurrencies available for trading

– Bancor uses third party services that allow Ghanian users to use fiat currencies to buy cryptocurrency.

– Bancor accepts Ghanian Cedi deposits via third party programs. 

Bancor Negatives for Buying Cryptocurrency in Ghana

The Bancor exchange has a history of security issues. In fact, the exchange has been compromised a few times in the past, and their users never got their stolen funds back. Bancor also lacks order book depth, giving it poor liquidity. The Bancor user experience is also lacking, making it difficult for new Crypto buyers, even those from Ghana.  

Bancor Fees for Buying Cryptocurrency in Ghana

The fees of using Bancor to buy cryptocurrency in Ghana are the lowest that can possibly be offered. Cryptocurrency deposits to Bancor have no fees, but fiat deposits Bancor uses third party services that charge a 3.5% fee and a fixed $10 USD fee. 

There are no trading fees on the Bancor platform. Bancor platform does not charge any withdrawal fees.

 14. Paxful – Buy Cryptocurrency in Ghana 

Paxful is an exchange to get people started in the cryptocurrency industry. Paxful is similar to Coinhub, but I personally believe Paxful is actually a better exchange to get people started in the cryptocurrency industry.

Paxful Benefits for Buying Cryptocurrency in Ghana

– Paxful is easy to use and has a user-friendly interface 

– Paxful offers fiat to cryptocurrency trading for almost every currency on the planet; Ghanian Cedi is listed on Paxful 

– Paxful has low fees for Ghanian Crypto buyers 

– Paxful accepts Ghanian Cedi

Paxful Negatives for Buying Cryptocurrency in Ghana

The negatives of using Paxful to Buy cryptocurrency in Ghana are a very limited array of cryptocurrencies available for trading. In fact, only Bitcoin is available for trade. Also, there is growing proof that most sellers on Paxful offer prices above the market price in an attempt to rip off buyers. Lastly, the Paxful platform may have attracted some scammers.

Paxful Fees for Buying Cryptocurrency in Ghana

The fees of using the Paxful platform to buy cryptocurrency in Ghana are very high. Paxful has a 1% fee for trading on their platform that is only payable by the seller. Depositing bitcoins and/or fiat on Paxful does not have a fee. Withdraws made on the Paxful platform are charged a fixed fee of 0.0005 BTC.

 15. Livecoin – Buy cryptocurrency in Ghana

I do not have much personal experience using Livecoin, but I will list some of the positives and negatives I know about using this platform.

Livecoin Benefits for Buying Cryptocurrency in Ghana

– Livecoin has a very large selection of cryptocurrencies to trade 

– Livecoin allows fiat to cryptocurrency exchange 

– The website is easy to use and has a user-friendly interface

Livecoin Negatives for Buying Cryptocurrency in Ghana

The negatives of using Livecoin to buy cryptocurrency in Ghana are that users may be asked to provide national ID verification to make deposits and withdrawals using fiat currencies. There’s also lower liquidity than many of the other exchanges mentioned here and the exchange has high trading fees for Ghanians buying cryptocurrency.

Livecoin Fees for Buying Cryptocurrency in Ghana

The fees of using Livecoin to buy cryptocurrency in Ghana are fairly high. Livecoin charges Ghanian traders a trading fee of 0.18%, however high rollers (million-dollar traders) are offered better rates. Depositing cryptocurrencies on the Livecoin platform is free, but if you are depositing fiat currencies you can expect to pay anywhere from 6-10% in fees.

Withdrawing cryptocurrencies on Livecoin is free, but similar to almost every other exchange, you will have to cover the blockchain service fees, which are very low. Withdrawing fiat currencies comes at a fee of 1-3%.

16. BitMEX – Buy cryptocurrency in Ghana

Buy Bitcoin in Ghana

BitMEX is unlike other cryptocurrency exchanges because its primary function is not trading spot markets. Instead, the primary purpose of Bitmex is to trade financial derivatives using cryptocurrencies, and it is the leading option for Ghanian cryptocurrency buyers who want up to 100x exposure to cryptocurrency movements. 

BitMEX Benefits for Buying Cryptocurrency in Ghana

– BitMEX is great for experienced and advanced traders, because BitMEX provides numerous advanced trading features; financial derivatives, options and futures

– BitMEX offers 1-100x leveraged trading to Ghanians looking to buy cryptocurrency

 BitMEX Negatives for Buying Cryptocurrency in Ghana

The negatives of using BitMEX to Buy cryptocurrency in Ghana are that it is not beginner-friendly, and offers a limited selection of cryptocurrency derivatives, because. Also, Ghanian traders will also notice a lack of fiat deposits and withdrawals.

BitMEX Fees for Buying Cryptocurrency in Ghana

The fees of using BitMEX to buy cryptocurrency in Ghana are among the highest in the market. Trading cryptocurrency on BitMEX has a fee of 0.075%. However, at 100x, this fee is 7.5% of user’s funds. 

Ghanian Crypto traders only pay a withdrawal fee to the blockchain network being used; BitMEX itself does not charge any withdrawal fees. Deposits are made free of charge for the most part.

 17. BitPesa – Buy cryptocurrency in Ghana 

BitPesa was originally designed back in 2013 to provide a low-cost blockchain powered alternative method for fiat transfers to and across Africa. BitPesa’s business model is still centered around providing consumers in Africa a cheaper alternative to Western Union and MoneyGram.

BitPesa Benefits for Buying Cryptocurrency in Ghana

– BitPesa has decent liquidity for Ghanian traders, due to a consistent trade volume

– BitPesa is easy to use and has a user-friendly interface

– BitPesa allows Ghanian cryptocurrency buyers the ability to trade cryptocurrencies with fiat currencies 

– BitPesa is one of the few exchanges in the market that accepts Ghanian Cedi deposits

BitPesa Negatives for Buying Cryptocurrency in Ghana

The negatives of using BitPesa to buy cryptocurrency in Ghana are that there is not a lot of cryptocurrencies available for trade on this exchange because the primary business target is the remittance market. Also, national ID verification may be required. The Bitpesa platform is not designed to be an exchange for traders, rather a remittance service for African nations with the ability to support trading services for Ghanians who want to buy cryptocurrency. 

BitPesa Fees for Buying Cryptocurrency in Ghana

The fees for using BitPesa to buy cryptocurrencies in Ghana are astronomically high. Bitpesa charges a 3% rate for transfers between fiat and crypto. This is for both deposit and Withdrawals.

 18. OKEx – Buy Cryptocurrency in Ghana

OKEx has a lot of similarities with Bittrex, but there are a few differences between these platforms that could make you prefer one over the other.

OKEx Benefits for Buying Cryptocurrency in Ghana

– OKEx offers low fees for buying cryptocurrency in Ghana 

– OKEx has a lot of liquidity due to high trading volumes 

– OKEx offers a wide selection of cryptocurrencies to trade 

– The exchange is easy to use and has a user-friendly interface

OKEx Negatives for Buying Cryptocurrency in Ghana

The negatives of using OKEx to buy cryptocurrency in Ghana are that USD and CNY are the main fiat deposits, National ID verification may be required, and the exchange is largely unregulated. 

OKEx Fees for Buying Cryptocurrency in Ghana

The fees for using OKex to buy cryptocurrency in Ghana are some of the lowest in the industry. OKEx does not have any deposit or withdrawal fees for Ghanian traders, but users will still have to pay their blockchain network for the withdraws. OKEx has a low 0.1% fee for trading.

 19. DDEX – Buy Cryptocurrency in Ghana

DDEX is one of the most popular decentralized exchanges to date. Ghanian traders interested in decentralized exchanges are likely to find more volume here than most other options. 

DDEX Positives for Buying Cryptocurrency in Ghana

– DDEX withdrawal and deposit fees are only blockchain gas costs 

– DDEX uses market markers, offering liquidity to Ghanians looking to buy cryptocurrency on a DEX 

– Almost every cryptocurrency on the market is available on DDEX 

– DDEX offers Ghanian Crypto buyers extreme privacy because no ID verification is necessary and no account creation is required for Ghanian Crypto buyers  

DDEX Negatives for Buying Cryptocurrency in Ghana

The negatives of using DDEX to buy cryptocurrency in Ghana are that no fiat deposits/withdrawals are supported. Ghanian traders will face a lack of concentrated liquidity due to trading volume being spread over so many different cryptocurrency pairs. 

Buying cryptocurrency in Ghana should likely not start with DDEX for people who are new to cryptocurrencies because it can be somewhat difficult to make deposits on this exchange compared to regular centralized exchanges. 

DDEX Fees for Buying Cryptocurrency in Ghana

There are no fees for using DDEX to buy cryptocurrencies in Ghana. Ghanian traders also face no fees for using DDEX for deposits or withdrawals, beside blockchain gas payments.

 20. IDEX – Buy Cryptocurrency in Ghana

IDEX is a completely decentralized exchange. Decentralized exchanges operate very differently to centralized exchanges and come with their own set of benefits and negatives.

IDEX Benefits for Buying Cryptocurrency in Ghana

– IDEX offers Ghanian Crypto traders the widest selection of cryptocurrencies 

– IDEX gives Ghanian Crypto buyers a straightforward interface

– No national ID verification required, in fact, traders can use this exchange without even creating an account

IDEX Negatives for Buying Cryptocurrency in Ghana

The negatives of using IDEX to buy cryptocurrency in Ghana are no fiat deposits/withdrawals and lack of liquidity. We would not recommend IDEX to Ghanians buying cryptocurrency for the first few trades.

IDEX is slightly more difficult to use than any regular centralized exchange. 

 IDEX Fees for Buying Cryptocurrency in Ghana

IDEX charges market takers 0.2% and maker makers 0.1%. There are also no fees for using IDEX to make deposits or withdrawals, beside the blockchain gas fees. 

 

 

Follow us on
Daily updates

Related Bog

Leave a Reply

Your email address will not be published. Required fields are marked *

15 + fifteen =