How To Buy Ethereum In Ghana

Cryptocurrencies have become increasingly popular over the years. As such, the financial ecosystem in Ghana and other African countries is rapidly evolving as new digital assets ease sending and receiving of money regardless of location. 

In the last quarter of 2022, Bitcoin and Ethereum (ETH) experienced a tremendous fall in price. Still, as early as January 2023, traders and investors regained their smiles as prices soared on the crypto market.

An approximate 38% increase in the price of Bitcoin and Ethereum has highly motivated both crypto enthusiasts and newcomers to diversify their crypto portfolio.   

In this article, you will learn how to buy Ethereum and where to buy it safely in Ghana.

Top three Reasons to Buy Ethereum In Ghana

Like most Sub-Saharan countries in Africa, Ghana has a developing economy. However, there is still a wide gap between its banked, underbanked and unbanked citizens as the financial system is yet to develop fully. Within this context, most people in Ghana do not have access to basic financial services and products that drive financial inclusion and economic growth. 

As a result, cryptocurrencies such as Bitcoin and Ethereum are setting the pace for financial inclusion in Ghana. Everyone should think of having a crypto account because of the following reasons:

1.  Crypto porfolio diversificication
   It has been proven beyond doubt that it is more beneficial to trade in more than one crypto asset due to the volatility that characterises the crypto space. For instance, the price of one crypto may be falling while the other is rising.
   So, crypto enthusiasts in Ghana and beyond should consider trading in more than one crypto to escape the losses incurred by the fluctuation of prices. Of course, it is more beneficial to trade with major digital assets like Bitcoin, Ethereum, USDT and USDC, among others.
2. Financial Inclusion:
   When money easily circulates within an economy, development is imminent. Sadly, this is not always the case within the Ghanaian economy. The people: bank ratio is largely disproportionate, and the rate of unbanked citizens is more alarming in local and semi-urban settings. 
   The good news is that the advent of cryptocurrencies is a game changer. Accessing financial services has become simpler. The constraining process that banks often implement is old-fashioned. 
   Hence, Ghanaians from all walks of life can create and manage their accounts from their comfort zones. Moreover, they can use the accounts to buy and sell Ethereum and other crypto assets at their pace without going through third parties.
3. Secure and Unlimited Financial transactions 
   Businesses across Ghana and other African countries can make and receive payments easily, thanks to Ethereum’s blockchain technology. 
   As an entrepreneur, you can easily connect with your friends and partners from other countries as far as making payments is concerned without having to worry about the exchange rate and the duration of transactions. 
   Moreover, fraudsters cannot have access to your funds thanks to the high-level security on which digital transactions are built. Say goodbye to missing out on a figure on a BAN or having to provide a whole lot of details before a transaction is completed. All you need is use Ethereum on a crypto exchange platform to resolve all your transactions in just a few clicks.

Where To Buy Ethereum In Ghana

To buy Ethereum in Ghana, one must ensure that the platform they use is secure and legal. With the Proliferation of scam schemes, the easiest and most reliable means to buy Ethereum is via a cryptocurrency exchange. While many of these exchanges exist, traders should do their research properly before engaging into transactions with any of the platforms. 

Yellow Card is among the crypto exchanges offering seamless and reliable service. Being on the lead in over 16 other African countries, be sure to buy Ethereum from this platform at best rates and have your wallet credited instantly. Interestingly, you can use Mobile money to buy at any amount. Once your wallet is credited, you could do other things like sending some to a friend or relative who can, in turn catch out via Mobile Money.

How to Buy Ethereum in Ghana

To buy ethereum in Ghana, you can use mobile money. However, you need to access the Yellow Card web app or download the Yellow Card app from play store or app store. Then, follow these simple steps to buy Ethereum:

1. Sign up
   Sign up for a Yellow Card Account with some basic and personal information.
2. Fund your account
   To buy Ethereum in Ghana, fund your account with GHS through MoMo. From your dashboard, click on Deposit and select Mobile Money. Follow the procedure and instantly deposit the amount you want. 
3. Buy Ethereum with mobile money
   From your dashboard, go to the crypto icon and tap to select “Ethereum” then enter the amount you want to buy in GHS.
4.  Confirm the transaction and have your Ethereum instantly sent into your wallet.

How to withdraw Ethereum to Mobile Money. 

When someone sends you Ethereum in your Yellow Card account, or you have an urgent need for money, here’s how to withdraw from your account:

1. Sign in to your Yellow Card account
2. Go to the crypto tap to select “Ethereum” and sell the amount you want to withdraw for GHS. Instantly, your balance in GHS will reflect the amount you just sold.
3. From your dashboard, select Withdraw and choose Mobile Money.
4. Follow the procedure to withdraw the  amount you want to your MoMo number.

That’s all! Enjoy your money moves with Ethereum through the Yellow Card exchange platform.

Conclusion

Embracing and using new finaniclal technologies permit you to have full control of your money at all times. Again, you stand the chance to make passive income with the fluctuation of prices in the crypto market. With a diversified wallet, buy and sell top crypto currencies at your pace and cashout to your Momo without any inconvenience. 

Add Ethereum to your crypto portfolio today.