In this guide, we talk about the best cryptocurrency exchanges in Ghana. We have analyzed and tested 133 exchanges based on eight different categories. We have evaluated all particularities of their offering, including costs, apps, trading platforms, funding solutions, customer service, assets, security, and liquidity.
Exchange platforms with the highest scores are in the following list.
Top 5 Crypto Exchanges In Ghana
- Coinbase finished up second as the best crypto trading platform. Great trading platform and low fees.
- Cash App comes up in the third spot. Best tool set for beginners. Easy to use platform for buying Bitcoin in Ghana.
- Binance is at number four. Well-established cryptocurrency trading platform with large trading volumes and liquidity.
- Kraken is in fifth place. Great Bitcoin exchange founded in 2022. Sophisticated trading tools for experienced investors.
- CEX IO finishes our list at six. Best automated crypto trading tools. Great assets coverage and crypto margin trading.
Best Crypto Exchanges In Ghana – List
|Exchange||Overall Score||General info||Fees (Maker/Taker)||Spot Volume (BTC)|
|#1||Coinbase||4.4||Best crypto trading platform||1.99%/1.99%||$451,706,550|
|#2||Cash App||4.7||Best For Beginners||1.8%/2.75%||$68,571|
|#3||Binance||4.3||Best Altcoin Portfolio||0.1% /0.1%||$806,899,070|
|#4||Kraken||4.5||Most trusted exchange||0.16%/0.26%||$53,964,331|
|#5||CEX IO||4.6||Most asset classes||0.01%/0.00%||$808,571|
This section below breaks down the best crypto trading platforms in Ghana, beginning with the best-rated…
01. Coinbase: Best Platform With A Beginner-Friendly Design
Coinbase is a leading exchange platform in Ghana with an intuitive design. It offers access to 103 assets and rewards on trading. Coinbase stands out because of the fast trade execution and reliable platforms.
This provider offers Coinbase Pro, an advanced platform for experienced crypto traders. It has access to stop-loss orders, charting, and indicators. The Coinbase customer service is below the industry average.
02. Cash App: Best Cryptocurrency Trading App
Cash App is the best cryptocurrency trading app in Ghana. It is an excellent choice for traders who want to buy Bitcoin with a straightforward platform. Cash App is a premium money transfer system with flexible funding solutions.
Cash App has an excellent portfolio available with its mobile app. It provides access to popular coins, including Bitcoin, Ethereum, and Shiba Inu. It has an average fee structure and doesn’t offer advanced trading tools.
03. Binance: Best Exchange Platform For High-Volume Traders
Binance is a reliable crypto exchange with access to a comprehensive portfolio and high spot trading volumes. It offers access to popular coins, a competitive fee structure, and advanced tools and order types.
This exchange has many premium features, including OTC trading and staking rewards. Binance users receive between 1 and 10% for holding different coins over time. It has limited learning tools, making it a perfect choice for experienced traders.
04. Kraken: Best Bitcoin Exchange Platform
Kraken is a top exchange with an excellent reputation and a long track record in the industry. It is a leading choice for professional traders in Ghana. Kraken offers futures, margin trading, and low trading fees.
The Kraken platform is professional and has a straightforward design. It offers multiple order types and quick buy features. Kraken has valuable learning and research tools.
05. CEX IO: Best Cross-Trading Platform In Ghana
CEX IO is a top crypto exchange for citizens in Ghana with secure cross-platform exchange solutions. It offers 93 asset classes and professional tools. CEX IO has a fast exchange platform with valuable safety protocols.
This exchange has a transparent fee policy with high trading costs. Withdrawals have a 3% fee, while deposits have a 2.99% fee. CEX IO users receive staking rewards depending on their trading activity.
How To Select A Crypto Exchange?
The main aspects to remember when selecting a crypto exchange include costs, asset availability, platforms, apps, funding options, liquidity, customer service, and security.
Fees: Consider using an exchange with a transparent fee structure and no hidden costs.
Trading Platforms: Avoid exchanges that don’t have an intuitive interface and fast executing platforms.
Mobile Trading: Apps must offer access to the same tools and services as their web versions.
Deposits & Withdrawals: Select an exchange with access to your preferred funding and withdrawal methods.
Assets: We recommend you choose a platform with the best asset coverage. Crypto traders should avoid exchanges that don’t offer popular altcoins like Ethereum, Tether, Cardano, and Polygon.
Customer Support: You should search for a crypto exchange platform with responsive customer service available in your language.
Liquidity: If you want to be sure you will be able to sell your cryptos, you should choose a platform with high trading volumes and liquidity.
Security: Focus on regulated exchanges with top-tier licenses, penetrations tests, and proof of funds.
Regulation Of Cryptocurrency Exchanges In Ghana
The main financial authority that offers the regulation for cryptocurrency exchanges in Ghana is the Securities and Exchange Commission (SEC) of Ghana. The Ghana SEC oversees all crypto exchange and digital asset activities in the country. It recommends that traders use a licensed exchange that follows strict KYC rules.
Is Cryptocurrency Trading Legal In Ghana?
Cryptocurrency trading in Ghana is legal. Citizens of Ghana cannot use digital coins for commercial purposes as cryptocurrencies are not legal tender. The SEC issued a press release that underlines the risks of crypto trading in Ghana.
How to Start Trading With – Coinbase
Coinbase offers the best crypto exchange services in Ghana because of zero hidden costs, advanced social trading tools, and access to a demo account. The steps you need to follow to start trading with Coinbase are below.
Step 1: Go to Coinbase’s official website
Step 2: Click on the “Get Started” button and create an Coinbase account
To start trading cryptos with Coinbase, you need to click on the “Get Started” button and submit the requested information.
Step 3: Verify your account
To buy, hold, and sell cryptos with Coinbase, you must open an account and pass verification.
Step 4: Buy crypto coins
After making an initial deposit, you can buy, hold, stake, and sell cryptos. To own a cryptocurrency, you don’t have to buy a complete coin.
We recommend Coinbase as the best exchange for crypto enthusiasts in Ghana. It offers secure brokerage and crypto trading services with zero commission fee trades and a straightforward platform.
What Is A Centralized Exchange?
A centralized exchange is a secure provider that follows strict rules and offers industry-leading exchange tools. These exchanges provide reliable trading solutions and request account verification under the Know Your Customer rule.
What Is A Decentralized Exchange?
A decentralized exchange (DEX) refers to a service provider that doesn’t follow regulatory rules. A DEX doesn’t have a central control point but functions as a trading server. These use an “automated market maker protocol” and depend on user-generated liquidity pools.
A DEX is challenging to hack directly and comes with increased risks if misused. DEXs usually provide higher staking rewards than centralized exchanges. Traders should know that choosing this type of exchange has increased benefits and risks.
Is Bitcoin Legal In Ghana?
Bitcoin is legal in Ghana, and you can buy or hold this crypto using a secure exchange like Coinbase.
Is Crypto Taxable In Ghana?
If you obtain capital gains through crypto trading, these aren’t subject to any taxation.
Are Cryptocurrencies Legal Tender In Ghana?
Crypto coins aren’t legal tender in Ghana.
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.
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.
- 1 Top 5 Crypto Exchanges In Ghana
- 2 Best Crypto Exchanges In Ghana – List
- 3 How To Select A Crypto Exchange?
- 4 Conclusion