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Best Crypto Exchange in Ghana

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In this guide, we go over the best crypto exchanges in Ghana. We have analysed and evaluated 133 crypto exchanges in 8 different categories. We measured all aspects of their service including fees, trading platform, mobile trading, deposits & withdrawals, assets, customer support, liquidity and security.

Crypto trading platforms that reached the highest scoring are considered in the following list:

Top 6 Crypto Exchanges In Ghana

  1. eToro is the best crypto exchange in Ghana. Great copy trading tool, regulated by top tier one authorities.
  2. Coinbase finished up second as the best crypto trading platform. Great trading platform and low fees.
  3. Cash App comes up on third spot. Best tool set for beginners beginners. Easy to use Bitcoin trading platform.
  4. Binance is at number four. Well established cryptocurrency trading platform with large trading volumes and liquidity.
  5. Kraken is in fifth place. Great Bitcoin exchange founded in 2022. Sophisticated trading tools for experienced investors. 
  6. CEX IO finishes our list at six. Best automated crypto trading tools. Great assets coverage and crypto margin trading.

Best Crypto Exchanges Ghana – List

ExchangeOverall ScoreGeneral infoFees (Maker/Taker)Spot Volume (BTC)
#1eToro4.9Best overall crypto exchange1%/1%$2,739,612
#2Coinbase4.8Best crypto trading platform1.99%/1.99%$451,706,550
#3Cash App4.8Best For Beginners1.8%/2.75%$68,571
#4Binance4.6Best Altcoin Portfolio0.1% /0.1%$806,899,070
#5Kraken4.5Most trusted exchange0.16%/0.26%$53,964,331
#6CEX IO4.5Most asset classes0.01%/0.00%$808,571

This section below breaks down the best crypto trading platforms in Ghana, beginning with the best rated eToro.

01. eToro: Best Ghana Crypto Exchange Overall

etoro-exchange-logo

eToro and eToroX takes the first place as the best crypto exchange in Ghana. Their trading platform is easy to use, offers advanced copy trading features and supports over 40 different digital assets. Professional traders will miss advanced conditional orders, sophisticated charting tools and some popular digital currencies.

eToroX comes with all features and tools offered by industry leading decentralised crypto exchanges including margin trading, fast execution, APIs and fiat deposits in USD and AED.

eToro is and well established global crypto exchange, regulated by top tier financial authorities. It keeps a track record of users stored funds for over a decade.

Account opening is fast and simple, customer supports is responsive and available in Arabic language. The minimum deposit for Ghana residents is $200, withdrawal fees are low, overall fees are average.

Crypto assets are unregulated in some EU countries and the UK. No consumer protection. Your capital is at risk.


02. Coinbase: Best Platform For Cryptocurrencies

coinbase-cryptocurrency-exchange

Coinbase comes in second place as the best exchange for crypto beginners. Their trading platform offers access to over 100 crypto assets, fast trade execution, rewards on trading and a beginners friendly interface. Trading fees are above industry average.

Coinbase Pro is available for professionals with access to a lower fee structure and advanced tool including stop loss orders, advanced charting and indicators. Users will not find an option to trade futures or to trade on margin accounts.

Customer support is below industry average.

 


03. Cash App: Best Crypto Trading App

cash-app-exchange

Cash App is a great pick for Ghana crypto enthusiasts who want to buy Bitcoin on a easy to use crypto platform. Cash App is a peer-to-peer money transfer system offering flexible solution to withdraw funds to main crypto wallets and also buy and sell cryptocurrency at the same time.

Cash App offers access to the most traded cryptocurrency assets, including Bitcoin, Ethereum, Ripple NFT’s, Shiba Inu and most Altcoins. Their crypto trading app is interactive, easy to use and beginner-friendly. Trading costs are average and you can expect additional fees. Advanced trading features like different order types, limit orders, standing orders, crypto staking, margin trading and storage options are missing.

Cas app lets users directly deposit money their bank account and use tax filling tools.


04. Binance: Best Platform to Buy Cryptocurrency in Ghana

Binance-crypto-exchange

Binance takes the fourth spot, as the best platform to buy cryptocurrency in Ghana. High-volume crypto traders will appreciate the high spot trading volumes, wide range of available coins, low fee structure and advanced trading tools and order types.

Binance has premium account features, including staking rewards and OTC trading. Traders earn from 1-10% for holding different assets over time. We recommend this crypto exchange for advanced Ghana crypto traders who want to trade with lower trading fees and invest in less popular alt coins. We do not recommend Binance for beginner traders.


05. Kraken: Best Trading Platform for Bitcoin

kraken-exchange-logo

Kraken is a well-established and the oldest crypto exchange with industry-leading technology. It finished in fifth place as the best trading platform for Bitcoin in Ghana. It is a great choice for advanced crypto investors who are looking for margin and futures trading options, sufficient trading volume and low trading costs.

Krakens proprietary trading platform allows users to buy and sell digital currencies with the lowest fees in the industry, multiple order types, valuable educational resources and quick buy features. The mobile version in available on iOS and Android app and has all trading tools from the web version.

High-net-worth clients are the only ones allowed to use the exchange’s consultation and management services.  


06. CEX IO: Best Cryptocurrency Exchange

cex-io-exchange-logo

CEX IO is finishing up our list of the top 6 crypto exchanges for Ghana citizens. With more than 90 different crypto asset classes, its advanced trading tools, cross-platform trading and availability in all MENA countries, it is a great fit for advanced traders.

Cex.io has high trading fees for debit/credit card transactions. Deposits are charged with a 2.99% fee, while withdrawals have a fee of 3%.   

All traders receive staking rewards and access to a reliable mobile app enabling them to buy and sell cryptocurrency fast and cheap.


How To Pick a Crypto Exchange?

The main criteria to consider when choosing a crypto exchange include: fees, trading platform, mobile trading, deposits & withdrawals, assets, customer support, liquidity and security.

Fees: Avoid exchanges that charge high fees on trades, overnight fees and hidden fees.

Trading platforms: Look for intuitive, easy to use and fast executing trading platforms.

Mobile Trading: Mobile trading apps should offer the same trading tools and charts as their web versions.

Deposit & Withdrawal: Choose an exchange that offers your preferred deposit and withdrawal options with low or no fees.

Assets: Look for the best coverage of asset classes. Exchanges not offering the most popular alt coins should be voided.

Customer support: Beginner crypto traders should look out for responsive and professional customer support available in their language.

Liquidity: High liquidity and trading volumes guarantee that you will be able to sell your crypto assets.

Security: Prioritise regulated exchanges offering proof of funds, penetration tests and have a clean history record of hack attacks. Always check security features with the crypto exchange security rating agency (CER.live)

*Safety Risks For Ghana Citizens

A trustworthy cryptocurrency exchange for Ghana citizens is government-regulated and has a trading licence. Larger exchanges have a banking history.

Regulation Of Cryptocurrency Exchanges in Ghana

The Securities and Exchange Commission (SEC) is the main financial regulation authority in Ghana to oversee all digital asset and crypto exchange activities in the country. Established with the Securities Industry Act in 2016 it main focus is to develop a fair, transparent and efficient market for traders and brokers. For this reason they published a press release warning the general public of the risks involved with cryptocurrency trading. The same publication is also saying that digital currencies are no legal tender in Ghana and can not be used for commercial reasons. The SEC has no legal ground to sanction financial activities offered by unlicensed and unregistered exchanges.

Is Cryptocurrency trading Legal in Ghana?

Trading with cryptocurrency in Ghana is Legal. Although digital assets are not allowed to be used for commerce reasons and are no legal tender in Ghana, there is no law in place that could sanction these activities.

How to Start Trading WitheToro?

eToro is the most popular crypto exchange in Ghana because of zero hidden fees, copy trading tools, demo account and a beginner friendly platform. Below are steps you need to take in order to start trading on eToro.

STEP 1: Open up the eToro Official Website

Find the link to the eToro crypto section under this link here: https://www.etoro.com/crypto/

STEP 2: Click on the “Get Started” Button

UAE-crypto-exchange-preview

STEP 3: Verify Your Trading Account

To buy cryptocurrency using eToro you need to open a trading accountverify your account and make a deposit. This will enable you to buy, hold and sell crypto assets using this trading platform.

eToro-exchange-account-opening

STEP 4: Buy Cryptocurrency

You can buy, hold and sell fractions of each crypto asset. To own a crypto coin you don’t need to buy the whole coin.

buy-cryptocurrency-with-etoro-exchange

Conclusion

We recommend eToro as the best crypto exchange for Ghana crypto enthusiast. They offer brokerage and exchange services at the same time along with zero commission fee trades, advanced copy trading tools, a user friendly platform and availability of 40 different crypto asset classes. Coinbase comes in at second second, based on their overall low fees, great support and tradable assets. 

The results from our final verdict are based on our evaluation process where we research and analyse all aspects of crypto exchange services including fees, trading platform, mobile trading, deposits & withdrawals, assets, customer support, liquidity and security.

FAQ

What Is A Centralized Cryptocurrency Exchange? 

A centralized exchange is a private company that offers platforms to trade cryptocurrencies. These exchanges will request registration and identification, known as the Know Your Client rule. Some of the most popular centralized exchanges are Coinbase, Binance, and Kraken.

What Is A Decentralized Cryptocurrency Exchange?

 A decentralized exchange does not have a central point of control. It resembles a server, but it has each computer within the server spread out across the world. If one computer malfunctions, it does not affect the network. However, decentralized exchanges aren’t obliged to follow any rules of any regulatory body. If you opt for a decentralized exchange, you should consider the risks associated with it. Read our in-depth reviews to learn more about cryptocurrency exchanges and safety.

How To Buy Cryptocurrency Through an Exchange?

Centralized exchanges let users deposit government-backed currencies (fiat money) from a bank account or credit/debit card. These centralized exchanges then provide tools for swapping that currency into the cryptocurrency you choose. The exchange either directly stores the cryptocurrency or transfers it to a wallet you specify.

Is Bitcoin legal in Ghana?

Bitcoin is legal in Ghana. You can buy and hold cryptocurrency in Ghana using a trusted and regulated broker like eToro or exchange like Binance.

Is cryptocurrency taxable in Ghana?

Capital gains made with cryptocurrency trading in Ghana are not taxed.


Disclosure

All trading involves risk. More than 80% of investors lose in spread bet and CFD trading. As these complex instruments allow for the use of leverage, there is a high risk of losing more money than you have deposited. Before attempting to participate in spread bets and CFDs, consider how well you understand them and if you can afford to lose your money.

Disclaimer

eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs. Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.75% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money. Past performance is not an indication of future results. Cryptoassets are volatile instruments which can fluctuate widely in a very short timeframe and therefore are not appropriate for all investors. Other than via CFDs, trading cryptoassets is unregulated and therefore is not supervised by any EU regulatory framework.

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Stefan Grasic (Dipl.-Jur) is the World Wide Director of research for Buisness24-7 and has considerable experience in the financial and investment niche, but also enjoys writing articles for the general readership. Stefan is an active Crypto, Forex and general investment researcher advising blockchain companies at their start up level. He keeps fit by mountain biking, surfing, skiing and lots of other adrenaline sports.

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