How to Buy Ethereum? Ethereum or Eth is an open-source, decentralized blockchain with smart contract features. Ether is the platform’s native cryptocurrency. After Bitcoin, it is the second-largest cryptocurrency by market capitalization. The most widely used blockchain is Eth.
Cryptocurrency has become a popular option for payments and investments in emerging markets like Ghana. In this post, with mobile money, bank transfer, PayPal, and other payment methods, you will learn how to sell and buy eth in Ghana.
Here is a quick summary of the most essential process involved when buying Ethereum in Ghana:
- Download a cryptocurrency wallet (almost all support Eth).
- Buy Ethereum – Ebitcoinics (mobile money, bank transfer), LocalCryptos (mobile money, bank transfer).
- Transfer Your Eth to the wallet.
- Back-Up your wallet.
A more detailed step-by-step guide can be down below:
- What is Ethereum?
- Get an Ethereum wallet.
- Places to buy Ethereum in Ghana.
Ethereum, what is it?
Launched in 2015, Eth is an open-source and decentralized blockchain software network. Ethereum has become a common forum via Initial Coin Offerings to create decentralized applications and raise funds (ICOs).
Ethereum is also a programming language used by protocols such as ERC20 and ERC233 to construct other cryptocurrency tokens.
Get a Wallet for Ethereum
After you have purchased them, you’ll need an Ethereum wallet to store your coins. It is normal practice for individuals to hold their cryptocurrencies on exchanges. However, because an exchange compromise can lead to the loss of your funds, it is not a safe thing to do.
You can store ethereum in most cryptocurrency wallets. Exodus and Trust Wallet provide some of the top cryptocurrency wallets. For users who want full security, hardware wallets like Ledger and Trezor are also a choice.
How To Buy Ethereum With these Top Locations In Ghana
It’s easier in Ghana to buy eth than it used to be. There are multiple choices to choose from and various options to use for payment.
Here is a list of the top 3 platforms in Ghana that allow you to buy ethereum.
- Buy Ethereum on Ebitcoinics
One of the oldest cryptocurrency exchanges in Ghana is Ebitcoinics. The exchange offers online and offline services to clients, with a walk-in Bitcoin store in Accra and Kumasi.
Using MTN mobile money, bank transfer, and other payment options, you can buy Eth in Ghana on Ebitcoinics.
How To Buy Ethereum With These Steps
Step 1: Get An Account built.
You will have to build an account at EBitcoinics.com to get started.
After that, you will be asked to confirm your mobile number and email address. Finally, to complete your registration, you will have to fill out a form containing your details.
Phase 2: Buying an Eth In Ghana
You can continue with purchasing on Ebitcoinics after you have successfully established your account.
In the navigation bar, you will have to navigate to the buy section under ‘Exchanger. ‘Pick your nation as the currency and your chosen mode of payment, Ethereum. To complete your order, follow the process.
2. On LocalCryptos, Purchase Eth
LocalCryptos is another new platform in Ghana where you can purchase ethereum. It’s a comparable peer-to-peer site to Paxful. It helps traders, however, to buy and sell ethereum.
LocalCryptos does not enable you to validate your identity in order to use the platform, compared to the other platforms in this article.
You have to build an account on the website to use LocalCryptos and search through the deals from sellers to make your order. With MTN mobile money and Chipper Currency, you can buy Eth in Ghana on LocalCryptos.
3. On Remitano Purchase Eth.
Another cryptocurrency exchange peer-to-Peter that allows you to purchase Ethereum in Ghana is Remitano.
Purchasing Ethereum On Remitano With Your Mobile Money
In Remitano, you can buy ethereum using mobile money and bank transfer. As there are very few sellers on Remitano, the exchange price of Ethereum is considerably higher than elsewhere.
Regardless of this, in Ghana, Remitano is a good trade for the purchase of Eth. Remitano also demands that an account be established. After choosing Eth as the currency you want to exchange, find a list of sellers. Finally, with your preferred trader, you have to open a trade and complete the trade.
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Where can I buy ethereum in Ghana?
You can buy ethereum in Ghana on these platforms ebitcoinics, Remitano, etc
How much is an ethereum worth?
Ethereum is worth $1,557 due to the current market price at this very moment
Will ethereum reach $1000?
As on now and base on the current market, 1 ethereum is worth $1,5k. So we can say Ethereum has pass that $1000 price prediction