Since the launch of Bitcoin, the rise of cryptocurrencies as an asset class has taken the world by storm. Nations are rolling out regulations, and businesses are increasingly accepting it as payment.
Here in Ghana, we didn’t miss the bus. We trade Bitcoin, own it, use it for payments, and invest in it.
As a leading crypto market in Africa, Ghana has seen a surge in crypto exchanges and platforms emerging, which is why we’ve taken the time to sort through the noise and bring you the top five most reliable and trustworthy platforms to convert Bitcoin to Cedis.
How to Choose a Bitcoin-to-Cedi Platform in Ghana
Here are some of the key features and factors that make a platform great for converting Bitcoin to Cedis in Ghana.
Regulatory compliant
Regulations exist to protect users, especially when it comes to financial platforms where hard-earned money is involved. Always stick to platforms that are licensed and approved by the appropriate authorities.
Seamless KYC and Onboarding
A good crypto platform sign-up and KYC process should be straightforward, allowing users to verify with a government-issued ID, driver’s license, or passport.
Competitive Exchange Rates
Bitcoin is typically priced in US dollars, so the exchange rate a platform uses determines how much your BTC is worth when converted to Cedis. The closer the rate is to the market rate, the better.
Fast Withdrawals and Low Fees
Your money should be in your bank account in a matter of minutes without any hiccups or issues and always opt for a platform that is transparent with its fee structure.
The Best Five Platforms to Convert Bitcoin to Cedi
- Breet
- Paxful
- Binance
- Bybit
- Yellow Card
1. Breet
Breet stands head and shoulders above the rest as the most outstanding platform for converting Bitcoin to Cedis in Ghana.
Designed for fast crypto-to-cash transactions, Breet supports over 40 cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), USDT, USDC, and Solana (SOL).
Users can withdraw funds directly to their bank accounts, MTN or Airtel Mobile Money, or Vodafone Cash wallets
Best of all, Breet eliminates the need to deal with P2P merchants and the risks they pose. Everything is automated, the exchange rates are competitive, and there are zero transaction fees.
How to Convert Bitcoin to Cedis in Ghana Using Breet
Breet is one of the easiest and fastest platforms if you want to sell Bitcoin in Ghana and convert Bitcoin to Cedis. Here’s a simple step-by-step guide:
Step 1: Sign Up
Download the Breet app from the Google Play Store, iOS App Store, or use the website and create an account.
Step 2: Verify Your Identity
Complete KYC by uploading a valid ID. This step is mandatory before you can convert crypto.
Step 3: Deposit Bitcoin
Navigate to BTC or search for Bitcoin in the app and copy your unique wallet address. Send your BTC to this address and your balance will automatically convert to Cedis when you receive the BTC.
Step 4: Withdraw your Cash
Add your bank or mobile money details under the “Bank Details” section. Tap “Withdraw” to receive your funds and get credited within five minutes.
2. Paxful
Paxful is a peer-to-peer (P2P) platform that connects buyers and sellers, allowing users to convert Bitcoin to Cedis by negotiating directly with interested buyers.
The platform uses an escrow system to help protect both parties during the trade, and the payment option you used depends on the buyer.
Limitations:
- Some buyers may be unverified and unreliable
- The time it takes a transaction to be completed depends on the buyer and seller
3. Binance
Binance brings Ghanaians a global crypto trading experience, and users can convert Bitcoin to Cedi through its peer-to-peer (P2P) platform.
Limitations:
- Some P2P merchants are unreliable
- No direct to bank or MoMo withdrawals
- Trading Fees: 0.1%
4. Bybit
Bybit is also a popular crypto exchange among crypto nomads in Ghana it offering a list of over 400 tokens, including Bitcoin. Users can convert their Bitcoin to cash in Ghana via Bybit’s P2P.
Limitations:
- Some P2P merchants on Bybit may list unusually high rates to attract users, potentially misleading those unfamiliar with market prices and putting them at risk of scams.
5. Yellow Card
Yellow is an African-focused crypto trading platform that allows users in Ghana to convert their Bitcoin to Cedis.
Limitations
- Transaction delays
- Slow app
- Verification delays and issues during KYC
Conclusion
Whether you’re a seasoned trader or a first-time user, converting Bitcoin to Cedis in Ghana should be fast, secure, and stress-free. With the right platform, you avoid delays, hidden fees, and risky peer-to-peer interactions. That’s why we’ve carefully reviewed and highlighted the top five options you can trust.