Ghana's digital currency scene is rapidly expanding, with a growing number of people exploring cryptocurrencies for investment and daily transactions. This surge in interest has paved the way for numerous trading platforms. To help you navigate this dynamic market, we've compiled a definitive guide to the top five crypto exchanges available in Ghana.
How to Pick the Right Crypto Exchange
Selecting the best platform for your needs involves evaluating several key factors:
- Security Features: Verify that the exchange employs strong security protocols, such as two-factor authentication and cold storage, to safeguard your funds.
- Fees and Charges: Examine the platform's fee structure for trading, deposits, and withdrawals, as these costs can affect your overall profitability.
- Cryptocurrency Selection: Confirm that the exchange lists the specific digital assets you are interested in trading or holding.
- Ease of Use: Choose a platform with an interface that you find easy to navigate, whether you are a beginner or an experienced trader.
- Customer Support: Prioritize exchanges with reliable and accessible customer service to help resolve any issues you might encounter.
List of the Top 5 Crypto Exchanges in Ghana
1. Binance
As the world's largest crypto exchange by trading volume, Binance offers an extensive selection of over 350 cryptocurrencies. The platform stands out with its low 0.10% spot trading fees and provides advanced options like margin trading with up to 10x leverage for experienced traders.
Key Trading Details
- Trading Fees: A 0.10% fee is applied to spot trading for regular users.
- Taker Fee: The platform charges a 0.10% taker fee for most spot trades.
- Maker Fee: A 0.10% maker fee is charged for regular user spot trading.
- Number of cryptocurrencies offered: Users can access a diverse selection of over 350 digital currencies.
Reviews
User reviews for Binance are generally positive, with many praising its low fees, strong security, and extensive list of available cryptocurrencies. However, some users note that the platform can be complicated for newcomers and have pointed out occasional difficulties with the deposit process. Overall, Binance holds a high user rating of 9.8 out of 10; you can read more reviews here.
2. Bybit
Bybit is the world's second-largest crypto exchange, serving over 60 million users with a strong focus on Web3. It provides a diverse marketplace with over 100 tokens and advanced trading options, including derivatives with up to 100x leverage, an NFT marketplace, and various earning products for all user levels.
Key Trading Details
- Trading Fees: The platform uses a tiered fee structure based on a maker-taker model, with spot trading fees for non-VIP users set at 0.10%.
- Taker Fee: For non-VIP users, the taker fee is 0.10% for spot trading and 0.06% for perpetual and futures trading.
- Maker Fee: Non-VIP users are charged a maker fee of 0.10% for spot trades and 0.01% for perpetual and futures contracts.
- Number of cryptocurrencies offered: The exchange lists over 100 crypto tokens and provides more than 300 spot trading pairs.
Reviews
User feedback often highlights Bybit's reliable platform and quick trade execution, though some mention that its pricing can be less favorable for beginners. The platform holds an overall user rating of 4.7 out of 5; you can read more reviews here.
3. KuCoin
Known as the "people's exchange," KuCoin serves over 37 million users with an intuitive platform offering nearly 700 cryptocurrencies. It supports direct purchases with credit cards, a built-in P2P exchange, and advanced options like futures trading with up to 125x leverage, catering to a wide range of traders.
Key Trading Details
- Trading Fees: The platform's base trading fee is 0.1% for both market makers and takers, with potential reductions based on trading volume and KCS token usage.
- Taker Fee: For standard trades, the taker fee starts at a base rate of 0.1%.
- Maker Fee: The maker fee also begins at a base rate of 0.1% for standard trades.
- Number of cryptocurrencies offered: The exchange provides access to nearly 700 different cryptocurrencies for trading.
Reviews
User feedback on KuCoin often praises its extensive list of cryptocurrencies, competitive fees, and beginner-friendly platform, although some have reported difficulties with fiat deposits. Overall, the platform holds a user rating of 8.5 out of 10; you can read more detailed reviews here.
4. Kraken
Kraken is a US-based exchange and one of the original crypto platforms, founded in 2011. It serves over 8 million users by offering more than 120 crypto assets and 7 fiat currencies. The platform provides spot and margin trading with up to 5x leverage, staking, and futures.
Key Trading Details
- Trading Fees: The platform uses a maker-taker model with fees on Kraken Pro ranging from 0.00% to 0.26% depending on 30-day trading volume.
- Taker Fee: For Kraken Pro, the taker fee starts at 0.26% and decreases with higher trading volume.
- Maker Fee: The maker fee on Kraken Pro begins at 0.16% and can go as low as 0.00% for high-volume traders.
- Number of cryptocurrencies offered: The exchange supports trading for over 120 different crypto assets.
Reviews
User feedback on Kraken is mixed, with many praising its strong security and user-friendly mobile app, while others point to a steep learning curve for beginners and slow customer support. The platform holds an overall user rating of 9.6 out of 10; you can read more detailed reviews here.
5. Remitano
Remitano focuses on bridging the gap between fiat and crypto, serving over 3 million users in more than 50 countries. The platform offers a secure environment for buying, selling, investing in, and storing digital assets, while also allowing users to pay for goods and services with their crypto.
Key Trading Details
- Trading Fees: The platform's fee structure is not explicitly detailed, as costs are generally incorporated into the transaction price.
- Taker Fee: A specific taker fee is not listed; charges are typically included in the advertised rate for buyers.
- Maker Fee: Maker fees are not publicly specified, as the platform focuses on a peer-to-peer model where rates are set by users.
- Number of cryptocurrencies offered: The exact number of supported digital assets is not stated, but the exchange provides access to a variety of cryptocurrencies.
Reviews
User feedback on Remitano is mixed. Many find the platform easy to navigate and praise its P2P trading flexibility, while others point to its limited crypto selection and a past security breach as notable drawbacks. Overall, Remitano holds a user rating of 6.0 out of 10; you can read more detailed reviews here.
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- Smart Corporate Cards: Issue physical and virtual cards to your team with customizable spending limits and robust controls.
- Global Payment Rails: Execute worldwide payments efficiently using ACH, wire transfers, and other major networks.
- Enterprise-Grade Security: Your assets are protected by industry-leading security protocols, including Fireblocks integration and mandatory MFA.
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