The cryptocurrency market in Ghana is gaining traction at an impressive pace, More people are turning to digital currencies for trading, investment, and everyday transactions. Hence the need for reliable exchanges in the country.
Crypto exchanges in Ghana, cater to different needs, from seamless mobile money integrations to secure trading environments. Recent reports highlight that mobile money transactions account for a significant portion of the financial ecosystem in the country. This makes exchanges that support this payment method a preferred choice for Ghanaians.
This guide on the best crypto exchanges in Ghana will provide insights into their unique features, supported payment methods, and trading opportunities. Stay tuned to learn how these platforms compare and which one could be the perfect fit for your needs in Ghana.
Key Takeaways
- Exchanges supporting mobile money platforms like MTN Mobile Money are ideal for Ghana’s financial ecosystem.
- Choose platforms with adequate security measures and transparent operations, given Ghana’s evolving regulations.
- Platforms like UEEx, Binance and KuCoin offer extensive cryptocurrencies and trading tools. This caters to both beginners and advanced traders.
- Exchanges like VALR and UEEx focus on fiat-to-crypto options and accessibility tailored for the African market.
Exchange | Best For | Trading Fees | Max Leverage | Available Assets | Local Fiat Support – XCD (Ghana Cedis) | Security Features | Unique Features |
UEEx | Overall | 0.09% (discount of up to 50% with UE Coin holders). | 200x | 300+ | N/A | – Distributed cold storage, – Access control with IP and wallet whitelisting, – Proof of Reserve- Two-factor authentication (2FA) | UE Coin Miner app, copy trading, access to US and Hong Kong stocks, Advanced trading tools |
Coinbase | Regulatory Compliance and Ease of Use | Vary based on trading volume, tier, payment method, and network conditions. 0%–0.4% for makers and 0.05%–0.6% for takers. | 20x | 240+ | YES | Two-factor authentication (2FA), Cold storage and multiparty computation (MPC), coinbase vault | Simple interface and features like staking and crypto rewards |
Kraken | Beginner-Friendly Features and Comprehensive Fiat Support | 0%–0.25% for makers and 0.10%–0.40% for takers. Credit card purchases cost 3.75% + €0.25. | 50x | 200+ | YES | FIDO2-based 2FA, Global settings lock (GSL) | One of the oldest cryptocurrency exchanges, and advanced tools for experienced traders |
Binance | Wide Range of Cryptocurrencies and Low Trading Fees | Standard fee of 0.1% per trade for both makers and takers | Varies by contract | 500+ | YES | Cold storage, Encryption, 2FA, Secure Asset Fund for Users (SAFU) | High liquidity, margin and futures trading |
Kucoin | Altcoin trading and advanced trading tools | 0.1%, with reductions for higher trading volumes or KCS token use. fee for trades under $10,000 | 20x | 700+ | YES | 2FA, Login IP restriction | Broad selection of altcoins |
OKX | High Liquidity and Innovative Decentralized Finance (DeFi) Options | Starts at 0.1%, with reductions for higher trading volumes or OKB token use | 100x for futures and 10x for spot | 300+ | N/A | 2FA, cold storage, SSL and other encryption technologies | Low trading fees, staking, yield farming, and NFT trading |
Bybit | Derivatives Trading and Deep Liquidity | 0.1% Maker/Taker (spot trading) | 100x | 300+ | 2FA, Cold storage | Extensive derivatives offerings, Copy trading, Trading bots | |
Bitget | Social Trading and Copy-Trading Features | 0.02%–0.1% for makers and 0.032%–0.1% for takers. | As high as 125x, depending on trading pair | 800+ | 2FA, cold storage, protection fund, Proof of Reserves, Bug Rap, and SSL encryption | Copy and social trading, Strategic trading, Affiliate/Referral program | |
VALR | African Market Accessibility and Fiat-to-Crypto Support | 0% maker, 0.05% taker for spot crypto-to-crypto pairs | 5x to 10x | 75+ | 2FA, cold storage, and SSL encryption | Autobuy feature, referral commissions, maker rewards | |
BingX | No-KYC Trading and High-Leverage Options | 0.1% maker/taker fee for spot trading.0.0200% maker fee, and 0.0500% taker fee, for perpetual futures. | Tiered, up to 150x | 800+ | 2FA, Advanced firewall, ShieldX, 100% margin reserves, bank-grade custody solutions | Copy trading, grid trading, wide selection of languages, no-kyc trading, high leverage |
UEEx – Best Overall
UEEx is a fast-growing cryptocurrency exchange established in 2021, now operating globally with a significant presence in Ghana. Known for its user-centric approach, UEEx integrates seamlessly with mobile payment systems. This makes it more appealing in markets like Ghana, where mobile money dominates the financial ecosystem.
UEEx supports over 300 cryptocurrencies, offering different trading options including spot, margin, and options trading. Its proprietary token, UECoin, provides users with discounted fees of up to 50%, and additional rewards.
Pros
- Supports direct transactions with mobile money platforms in Ghana.
- Regular bonuses and promotions, such as trading competitions and lucky draws.
- Over 300 cryptocurrencies available for trading.
- Competitive trading fees with discounts for UECoin users.
Cons
- While derivatives are available, the variety is less extensive compared to some competitors.
- Some advanced features may be unavailable in specific jurisdictions.
Fees and Deposits
- Trading fees: 0.09% (discount of up to 50% with UE Coin holders).
- Deposits: Free, except for select payment methods.
- Withdrawals: Fees vary by asset and chain network (for instance, 0.002 BTC for Bitcoin on both BSC and Omni networks. For USDT, withdrawal fee is 1 USDT on BSC and TRC20 networks). Withdrawal / Transfer fee is free for UEEx to UEEx accounts.
- 24-Hour Transfer Amount: Minimum 24 hour transfer amount is 0, while maximum is 500000 USDT.
Binance – Best for a Wide Range of Cryptocurrencies and Low Trading Fees
Launched in 2017, Binance has established itself as a global leader in cryptocurrency. In Ghana, it stands out due to its wide selection of cryptocurrencies, and low trading fees. Binance supports over 500 cryptocurrencies. This offers Ghanaians a wide range of investment options, from major coins like Bitcoin and Ethereum to niche altcoins.
The platform’s mobile app integrates seamlessly with local payment methods, including mobile money. This makes it convenient for users to fund their accounts. Binance’s commitment to security, including features like two-factor authentication and SAFU (Secure Asset Fund for Users), has made it a trusted platform globally.
Its educational resources, including tutorials and webinars, further enhance user experience, particularly for beginners.
Pros
- Extensive cryptocurrency selection with over 500 coins.
- Low trading fees (0.1% per trade, with a 25% discount when paid in BNB).
- Multiple trading options, including spot, futures, and margin trading.
- Support for local payment methods like mobile money.
- Strong security measures, including two-factor authentication and cold storage.
Cons
- Complex interface for beginners navigating advanced features.
- Limited fiat deposit options for Ghanaians compared to other regions.
- Regulatory scrutiny in some jurisdictions might affect operations.
Fees and Deposits
- Trading Fees: Standard fee of 0.1% per trade for both makers and takers. (Takers pay a reduced rate of 0.095% when trading USDC). This can be reduced to 0.00825% for makers and 0.01725% for takers, if paid in Binance Coin (BNB).
- Deposit Fees: Free for most cryptocurrency deposits; fiat deposit fees vary by payment method (e.g., 0.65% fee for online banking in AED, but AED bank transfers are free).
- Deposit Requirement: Varies based on coin and chain network.
- Withdrawal Fees: Varies based on blockchain network conditions.
KuCoin – Best for altcoin trading and advanced trading tools
Established in 2017, KuCoin has expanded its global presence. In Ghana, the crypto exchange is renowned for its extensive range of supported altcoins—over 700 cryptocurrencies. This offers access to emerging and lesser-known cryptocurrencies alongside established tokens.
KuCoin provides advanced trading options such as spot, margin, and futures trading. This caters to both novice and experienced traders. The platform’s native token, KCS, offers users additional benefits, including trading fee discounts and higher withdrawal limits.
Pros
- Over 700 cryptocurrencies and tokens available for trading.
- Trading fees start at 0.1% per transaction, with potential discounts for KCS holders.
- Advanced trading options including spot, margin, and futures trading.
- KCS token holders receive trading fee discounts and higher withdrawal limits.
- User-friendly interface, designed for both beginners and experienced traders.
- Accepts over 50 fiat currencies via multiple payment methods, including bank cards and third-party processors
Cons
- Some regions have imposed restrictions on KuCoin’s operations.
- As of 2023, all new users must complete Know Your Customer (KYC) verification, which may deter privacy-focused traders.
- Certain cryptocurrencies may have higher withdrawal fees.
- Advanced tools might overwhelm novice traders.
Fees and Deposits
- Trading Fees: 0.1% maker/taker fees, with potential reductions based on trading volume or using KCS tokens for payment.
- Deposit Fees: Free for cryptocurrencies (except for delisted and unlisted tokens, hot wallet, and deactivated account). Fiat deposit fees depend on the payment method used.
- Withdrawal Fees: Vary depending on the cryptocurrency and blockchain network, typically lower than average industry rates.
Bybit – Best for Derivatives Trading and Deep Liquidity
Founded in 2018, Bybit has quickly become a leading platform for derivatives trading. It offers a range of products including perpetual contracts, futures, and options. Known for its deep liquidity and low-latency trading engine, Bybit caters to professional traders and those looking to maximize leverage.
Its user-friendly interface is suitable for both beginners and experienced traders. Bybit also offers a range of educational resources to help users understand complex trading strategies.
Pros
- Competitive trading fees, starting at 0.1% for spot trading.
- Advanced trading products, including perpetual contracts, and futures with up to 100x leverage.
- High liquidity, which ensures minimal slippage even for large trades.
- User-Friendly interface, designed for both beginners and experienced traders.
- No KYC for basic access, as users can carry out basic trading without verification for limited withdrawals.
- Comprehensive educational materials to help users understand complex trading strategies.
- Strong security measures in the form of cold wallet storage and multi-signature technology, to protect user funds.
Cons
- May require third-party services for fiat deposits.
- Some regions have imposed restrictions on Bybit’s operations.
- Certain cryptocurrencies may have higher withdrawal fees.
Fees and Deposits
- Trading Fees: Varies depending on VIP and Non-VIP levels. For spot trading, 0.005% – 0.1% for makers and 0.015% – 0.1% for takers.
- Deposit Fees: Cryptocurrency deposits are free. Fiat fees depend on payment method and region.
- Withdrawal Fees: Flat rates based on the asset, VIP level and identity verification. Withdrawals from one Bybit account to another, is free.
Kraken – Best for Beginner-Friendly Features and Comprehensive Fiat Support
Established in 2011 and based in San Francisco, Kraken is one of the oldest cryptocurrency exchanges. The platform is known for its strong emphasis on security and fiat currency support. This makes Kraken ideal for beginners in Ghana looking for a straightforward introduction to crypto trading.
The platform offers trading in over 200 cryptocurrencies and supports major fiat currencies, including USD, EUR, and GBP, with competitive fees.
Kraken’s features include beginner-friendly tools, such as the “Buy Crypto” option, and advanced tools for experienced traders, including margin and futures trading. Its reputation for reliability is further bolstered by regular proof-of-reserve audits. This ensures transparency regarding users’ funds.
Pros
- Excellent security record, with no major breaches in its history.
- Beginner-friendly interface with comprehensive tutorials.
- Wide fiat support for deposits and withdrawals.
- Advanced trading tools for experienced users.
- Proof-of-reserve audits for added transparency.
Cons
- Slower account verification process (up to three days for full KYC).
- Limited support for mobile money and local payment options in Ghana.
- Higher trading fees compared to some competitors.
Fees and Deposits
- Trading Fees: 0% to 0.25% per trade for Makers, 0.10% to 0.40% for Takers, 3.75% + €0.25 for credit card purchases, and 0.5% plus 0.9% or 1.5% for ACH purchases.
- Deposit Fees: Free for cryptocurrency deposits; fiat deposit fees depend on the currency (e.g., USD wire transfer costs $5).
- Withdrawal Fees: Variable for cryptocurrencies; fiat withdrawals cost $5–$60 depending on the method.
VALR – Best for African Market Accessibility and Fiat-to-Crypto Support
VALR, launched in 2019, has quickly established itself as one of the most accessible platforms for African users. It bridges the gap between fiat and cryptocurrency by offering seamless local payment integrations.
VALR supports over 75 cryptocurrencies, including major tokens like Bitcoin and Ethereum, along with direct trading pairs for African currencies. The platform is known for its transparent fee structure and focus on the African market.
This provides an excellent option for Ghanaians looking to transition into crypto trading.
Pros
- Strong fiat-to-crypto support tailored to African currencies.
- Transparent fees and competitive rates.
- User-friendly mobile app for trading on the go.
Cons
- Limited selection of cryptocurrencies compared to global exchanges.
- No advanced trading tools like derivatives.
Fees and Deposits
- Trading fees: 0% maker, 0.05% taker for spot crypto-to-crypto pairs.
- Deposits: Free for crypto. Fiat deposit fees vary based on currency and deposit method.
- Withdrawals: Varies for crypto; mobile money withdrawal fees apply.
BingX – Best for No-KYC Trading and High-Leverage Options
BingX was established in 2018, and is popular among Ghanaian traders seeking high leverage and no-KYC trading. The platform supports over 800 cryptocurrencies and offers leverage of up to 150x for futures trading.
It is especially appealing to privacy-conscious users, as it allows trading without strict identity verification. BingX also integrates copy trading features. This enables beginners to replicate strategies from experienced traders.
Pros
- No mandatory KYC for basic trading.
- High leverage options for advanced traders.
- Innovative copy trading features.
Cons
- High-risk nature of leveraged trading.
- Limited customer support channels.
Fees and Deposits
- Trading fees: Up to 0.1% maker/taker fee for spot trading. 0.0200% maker fee, and 0.0500% taker fee, for perpetual futures.
- Deposits: Free for Crypto-only; no fiat deposits supported.
- Withdrawals: Varies by blockchain network.
Coinbase – Best for Regulatory Compliance and Ease of Use
Coinbase has been recognized as a leading crypto exchange since its inception in 2012. Known for its compliance with international regulations, Coinbase prioritizes security and ease of use.
It supports more than 240 digital assets and 300 different trading pairs. The platform offers a beginner-friendly interface, making it ideal for first-time users in Ghana. The platform also includes features like staking, crypto rewards, and education for users new to blockchain technology.
Pros
- Strong regulatory compliance and security measures.
- User-friendly interface for beginners.
- Rewards and staking options.
Cons
- Relatively higher fees for trades.
- Limited advanced trading features.
Fees and Deposits
- Trading Fees: Vary based on trading volume, payment method, and network conditions.
- Deposits: Usually no additional charge for crypto, but a transaction fee may apply if depositing from another exchange or external wallet. Fiat deposit fees depend on the method.
- Withdrawals: Fees vary by type of withdrawal.
Bitget – Best for Social Trading and Copy-Trading Features
Bitget has built a reputation as a top choice for social trading. Four years after its launch, Biget now supports over 800 cryptocurrencies and allows users to follow and copy the strategies of expert traders.
Its user-centric approach and focus on educational resources make it appealing for both beginners and experienced traders looking to learn new strategies.
Pros
- Comprehensive copy-trading features.
- Extensive educational content for users.
- Supports a wide range of cryptocurrencies.
Cons
- Limited fiat deposit options.
- Advanced features may overwhelm beginners.
Fees and Deposits
- Trading fees: Varies based on VIP level, up to 0.1% for both makers and takers.
- Deposits: Free for Crypto
- Withdrawals: Varies based on coin and network
OKX – Best for High Liquidity and Innovative Decentralized Finance (DeFi) Options
OKX, launched in 2017 is a leader in liquidity and decentralized finance (DeFi) innovation. Supporting over 300 cryptocurrencies, the exchange offers features like staking, yield farming, and NFT trading.
OKX’s high liquidity ensures tight spreads. This makes it a preferred platform for traders dealing in large volumes.
Pros
- High liquidity with tight spreads.
- Innovative DeFi features, including staking and yield farming.
- Extensive cryptocurrency support.
Cons
- Advanced features may be challenging for beginners.
- Limited fiat trading pairs.
Fees and Deposits
- Trading Fees: Up to 0.08% for makers and 0.1% for takers, with reductions for higher trading volumes or OKB token use.
- Deposits: Free for crypto; fiat fees vary.
- Withdrawals: Varies based on cryptocurrency and network costs.
Factors to Consider When Choosing a Crypto Exchange
Source: Shardeum
Selecting the right cryptocurrency exchange is crucial, especially in a market like Ghana. This is because the adoption of digital currencies is intertwined with the country’s mobile money ecosystem and growing interest in decentralized finance.
Below are key factors to consider when choosing a crypto exchange in Ghana:
Payment Methods and Mobile Money Integration
Given the widespread use of mobile money platforms like MTN Mobile Money, Vodafone Cash, and AirtelTigo Money in Ghana, choosing an exchange that integrates seamlessly with these services is essential.
For instance, UEEx and Binance integrate seamlessly with mobile payment systems, making them suitable options for crypto enthusiasts in Ghana.
The ability to deposit and withdraw funds through mobile money ensures accessibility and convenience for users without traditional bank accounts.
Additionally, some exchanges may support alternative payment methods such as bank transfers or debit/credit cards. This provides flexibility for users who prefer these options.
Exchange | Fiat Deposit Methods | Fiat Withdrawal Methods | Supported Fiat Currencies |
UEEx | Bank transfer, Credit/debit card | Bank transfer | Limited (not specified) |
Coinbase | Bank transfer, Credit/debit card | Bank transfer, Credit/debit card, Paypal | EUR, GBP, USD, and others |
Binance | Bank transfer, Credit/debit card, Third-party payment providers | Bank transfer, Credit/debit card | EUR, USD, GBP, and others |
Kraken | Bank transfer, SEPA transfer, SWIFT transfer | Bank transfer, SEPA transfer, SWIFT transfer | EUR, USD, GBP, CAD, JPY, and others |
Kucoin | Bank transfer, Credit/debit card, Third-party payment providers | SEPA transfer | USD, EUR, AUD, INR, RUB and others |
OKX | Bank transfer, Credit/debit card, Third-party payment providers | SEPA bank transfer, International wire transfer | USD, EUR, GBP and others |
Bybit | Bank transfer via SATOS | Bank transfer via SATOS | EUR |
Bitget | Bank transfer via SEPA, and other payment providers | Bank transfer via SEPA, and other payment providers | USD, GBP, EUR, and others |
VALR | Bank transfer, SEPA transfer, SWIFT transfer, wire transfer, Credit/debit card | Bank transfer, SEPA transfer, SWIFT transfer, wire transfer | USD, EUR, GBP and ZAR |
BingX | Bank transfer, SEPA transfer | Bank transfer, SEPA transfer | EUR, AUD, JPY, CHF, NGN, and others |
Regulation and Security
The safety of your funds and personal information should be a top priority. Look for exchanges like Coinbase, that comply with local regulations or demonstrate transparency in their operations.
While Ghana is still formalizing its stance on cryptocurrency regulations, exchanges with a strong emphasis on security features like two-factor authentication (2FA), encryption, and insurance for stored assets are preferable.
UEEx is known for their adequate security practices, such as cold storage of funds and protection against cyber threats.
Exchange | Insurance | Cold Storage % | Regulatory Status | Security Features |
UEEx | Yes | 93% | FINTRAC registered | Multi-factor authentication, Access control with IP and wallet whitelisting |
Coinbase | Yes | 98% | Licensed and FinCEN registered | Two-factor authentication (2FA), Cold storage and multiparty computation (MPC), coinbase vault |
Binance | SAFU | 90% | FSMA registered | Cold storage, Encryption, 2FA, Secure Asset Fund for Users (SAFU) |
Kraken | Yes | 95% | EU licensed | Proof of reserves, FIDO2-based 2FA, Global settings lock (GSL) |
Kucoin | Yes | Undisclosed | licensed | 2FA, Login IP restriction |
OKX | Yes | 95% | EU licensed | 2FA, cold storage, Secure Sockets Layer (SSL) |
Bybit | Yes | 99.50% | SATOS partnership | Multi-sig wallets, Regular audits |
Bitget | Yes (Self-insured) | Undisclosed | licensed | 2FA, cold storage, protection fund, Proof of Reserves, Bug Rap, and SSL encryption |
BingX | Yes (Self-insured) | Undisclosed | licensed | 2FA, Advanced firewall, ShieldX, 100% margin reserves, bank-grade custody solutions |
VALR | Yes | Undisclosed | licensed by FSCA | 2FA, cold storage, and SSL encryption |
Ease of Use and Accessibility
The interface and usability of an exchange can greatly influence your trading experience. Beginners might prefer platforms like Coinbase and Kraken, with simple navigation, clear tutorials, and responsive customer support.
On the other hand, experienced traders may seek advanced tools like charts, indicators, and APIs for automated trading from exchanges like Bybit and Kucoin.
It’s also important to choose an exchange that offers both web and mobile app versions. UEEx offers this variety, allowing you to trade conveniently from your devices.
Supported Cryptocurrencies
The range of cryptocurrencies offered by an exchange matters, especially for users looking to diversify their portfolios. While Bitcoin (BTC) and Ethereum (ETH) are commonly available, exchanges that support popular altcoins and emerging tokens can provide more trading opportunities.
For Ghanaians exploring local tokens or projects tied to African blockchain innovations, an exchange like UEEx, with a broader selection is beneficial.
Kucoin stands out for its extensive support for altcoin trading, while Binance is known to support a wide range of cryptocurrencies.
Transaction Fees
Fees can significantly impact your profits, especially if you engage in frequent trading. Evaluate the deposit, withdrawal, and trading fees associated with each exchange. Some platforms also charge a spread or markup on trades, which can affect your overall costs.
For instance, Binance provides competitive fee structures, including discounts for users holding their native tokens. Kraken on the other hand, focuses on rewarding high-volume traders with various incentives.
Similarly, it’s important to compare fees for depositing and withdrawing both fiat and cryptocurrencies. UEEx stands out by offering free cryptocurrency deposits and no fees for internal transfers.
It’s worth comparing the fee structures of multiple exchanges to find one that offers competitive rates without compromising on service quality.
Exchange | Spot Trading | Futures Trading | Deposit Fee | Withdrawal Fee (EUR) |
UEEx | 0.09% (discount of up to 50% with UE Coin holders). | 0.05% | Zero | |
Coinbase | 0%–0.4% for makers and 0.05%–0.6% for takers. | Minimum $0.2 per transaction | Varies by coin/token and payment method | |
Binance | Standard fee of 0.1% per trade for both makers and takers | 0% – 0.02% for maker and 0.017% – 0.05% for taker | Varies by coin/token and payment method | |
Kraken | 0%–0.25% for makers and 0.10%–0.40% for takers. | 0.02-0.05% | Varies by coin/token and payment method | |
Kucoin | 0.1%, with reductions for higher trading volumes or KCS token use. | 0.008% – 0.02% for maker and 0.025% – 0.06% for taker | Zero | |
OKX | Starts at 0.1% for USDT pairs and 0.07% for crypto pairs, with reductions for higher trading volumes or OKB token use | Starts at 0.05% with reductions for higher trading volumes or OKB token use | Zero | |
Bybit | 0.1% | 0.055% | Zero | |
Bitget | 0.02%–0.1% for makers and 0.032%–0.1% for takers. 20% discount with BGB. | 0.0072%–0.02% for makers and 0.028%–0.06% for takers. | Zero | |
BingX | 0.1% maker/taker fee | 0.02% maker fee, and 0.05% taker fee for perpetual futures trading.0.045% for standadrd futures trading. | Zero | |
VALR | 0% maker, 0.05% taker | 0% maker, 0.04% taker | Zero |
Educational Resources
For new users, an exchange offering educational content like blogs, webinars, and guides on cryptocurrency trading and blockchain technology can be incredibly helpful. Platforms that invest in educating their users are often more reliable and community-focused.
UEEx has its blog where updated news and guides on crypto trading are being published. Bitget, Bybit and Binance also offer valuable educational resources on their platforms.
P2P Trading Options
Peer-to-peer (P2P) trading platforms are increasingly popular in Ghana due to their flexibility and direct transaction options. Exchanges like Binance and Kucoin offering P2P trading allow users to buy or sell crypto directly with others. They often support local payment methods and customizable trade terms.
Are Crypto Exchanges Legal in Ghana?
Source: Bitcoinist
Cryptocurrency exchanges operate in a legal gray area in Ghana. While the Bank of Ghana (BoG) has not officially recognized cryptocurrencies as legal tender in Ghana, it has not banned their use or the operation of exchanges either.
However, the BoG has issued warnings about the risks associated with cryptocurrencies but allows individuals to trade and invest at their own discretion.
As the crypto market continues to grow, regulatory developments are expected. This may provide clearer guidelines for exchanges and users. For now, it’s essential to choose reputable platforms that prioritize security and transparency to ensure a safe trading experience.
How to Use UEEx for Trading in Ghana
Trading on UEEx is straightforward. Here’s how to begin:
1. Create an Account
Go to the UEEx website and click Sign Up at the top of the page. Then:
- Enter your phone number (with the country code) or email address.
- Set a strong, unique password.
- Input an invitation code if you have one. You can earn a commission if the invitation code is eligible.
A verification code will be sent to your email or phone. Enter the code to confirm and activate your account.
2. Add Funds
After activating your account, and you’re logged in, you need to deposit money to start trading:
- Place your cursor or tab your profile icon.
- Select Asset Management section.
- Choose whether to add fiat currency (like local money) or cryptocurrency.
- Locate the digital asset (crypto or fiat) you want to deposit.
- Select Recharge.
- On the page it took you to, click on View Address. It will reveal your deposit address for the cryptocurrency. Note the network of the cryptocurrency. It must be the same as the sender’s network.
The time it takes for the deposit to reflect depends on the method you use. Crypto deposits rely on block confirmations, while fiat deposits depend on bank processing times.
3. Buy Cryptocurrency
With funds in your account, you can start trading:
- On the homepage, select Trade Now.
- On the new page, search for the crypto you wish to trade. Once found, select the token.
- Pick an order type:
- Market Order: Executes immediately at the current price.
- Limit Order: Lets you set the price you want to buy or sell at.
- Enter how much cryptocurrency you want to buy or how much fiat currency you want to spend.
- Check the details, then click Buy or Sell to complete the trade.
4. Withdraw / Secure Your Funds in a Wallet
For extra security, transfer or withdraw your cryptocurrency to a wallet you control. Hardware wallets like Ledger or Trezor keep your assets safe offline. While, software wallets like MetaMask or Trust Wallet manage your crypto online.
To withdraw from UEEx:
- On the homepage, place your cursor or select your profile icon.
- Select Asset Management section.
- On the new page, choose whether to withdraw fiat currency (like local money) or cryptocurrency.
- Locate the digital asset (crypto or fiat) you want to withdraw.
- Select Withdraw.
- On the new page, insert the receiving wallet address, and amount you wish to withdraw. Take note of the network.
- Select withdraw.
Moving your funds to a private wallet gives you greater control and protects your assets better.
Conclusion
Ghana’s growing cryptocurrency market offers several opportunities for traders and investors, especially with exchanges catering to varying needs. Some of these needs include mobile money integration, advanced trading features, and so on.
Choosing the right platform depends on factors like fees, security, user experience, and local payment support. While the regulations remain undefined, prioritizing the best crypto exchanges in Ghana, ensures a safe and efficient trading experience in the country.
Explore the options, assess your needs, and start your crypto journey with confidence.
Frequently Asked Questions
The best crypto exchanges in Ghana include UEEx, Binance, KuCoin, VALR, and Kraken.
Yes, platforms like UEEx and Binance support mobile money for deposits and withdrawals.
Crypto exchanges are legal in Ghana but they operate in uncertain regulations. Users trade at their own discretion.
Kraken and Coinbase are best for beginners in Ghana due to their user-friendly interfaces and educational resources.
Key factors to consider when choosing a crypto exchange include payment methods, fees, security, supported cryptocurrencies, and local relevance.