Buy or sell Bitcoins, Ethereum and USDT at BEST RATES in Ghana

Hi, I’m Chris. I’m a cryptocurrency enthusiast. A friend introduced me to Bitcoin sometime back in 2015. I’ve been fascinated with Bitcoin ever since, and over the years, I have learned a thing or two about this amazing cryptocurrency. I have written this article to give you an insight into Bitcoin and what makes it a valuable asset you may like to invest in.

It is well known that a society’s currency is at the core of its socioeconomic existence and development. Around the world, there has been a gradual shift from the use of physical cash to mostly virtual money in our daily transactions. Mobile money services in Ghana have made it very easy and convenient to pay for goods and services, meaning it is no longer necessary to walk around with large sums of money at the expense of your safety. With growing interest in digital currencies, it is no surprise the growing popularity of Bitcoin around the world.

Contents:
1. Who is Satoshi Nakamoto and what is Bitcoin?
2. What is a Bitcoin wallet?
3. How can you earn Bitcoin?
4. What is mining and how to mine Bitcoin
5. Where and how can you buy Bitcoin in Ghana?
6. Where and how can you sell Bitcoin in Ghana?

1. Who is Satoshi Nakamoto and what is Bitcoin?

1.1. What is Bitcoin?
1.2. What is Satoshi?
1.3. How many Satoshi make one Bitcoin?
There’s been a lot of speculation as to the true identity of Satoshi Nakamoto. Most imagine that he or she is a quiet, laid back Japanese scientist who invented Bitcoin and then retired. Some also firmly believe that the name Satoshi Nakamoto is actually a pseudonym for a group of computer geeks who came together to create the concept of “cryptocurreny”, “Bitcoin” and “Blockchain”. Whatever the case, neither computer scientists nor even the world’s best investigative journalists have been able to uncover the real identity of Satoshi or establish any form of contact with him. After creating Bitcoin in 2008, he abandoned his invention somewhere in 2010 and ceased any form of development on it.
According to researchers, the idea of an electronic coin was not conceived by Satoshi Nakamoto, but rather by the American computer scientist and cryptographer, Nick Szabo, who came up with the term Bit gold back in 1998. He designed a mechanism for a decentralized digital currency, bit gold, which though never got implemented, is generally agreed to be the direct precursor to the Bitcoin architecture.

1.1. What is Bitcoin?

As the name suggests, Bitcoin simply means “electronic coin”. It is basically a long chain of computer code that can’t be altered once it’s created, each transaction is noted in a specific ledger and kept unchanged with the help of a unique technology called “blockchain”. During transactions, a specific digital record is created which closes the next block of the chain and allows a new block to be created. This technology fundamentally differs from the electronic bank transfers we’re accustomed to, and comes with a number of additional advantages.

* Complete anonymity – Bitcoin transactions between two parties remain completely anonymous as no personal data is shared with any third party; the transfer is carried out between two Bitcoin addresses.

* The system is completely decentralized – Bitcoin transactions remain completely peer-to-peer and are not affected by any rule change in the banking system or any financial institution. Bitcoin also doesn’t depend on the exchange rates of the currencies we are used to (dollar, euro, Ghana cedi etc)

* Safety – it is completely impossible to hack someone’s Bitcoin wallet because it’s a separate file with a unique set of numbers. This information is only available to the owner of the wallet.

These are a few reasons why the Bitcoin cryptocurrency has become one of the most popular digital currencies in the world. Its popularity will most likely continue to increase as more and more people begin to adopt it and the developers continue to improve the blockchain ecosystem while creating more use cases. A result of this is the ever-increasing number of electronic coins or so-called “altcoins”. A typical cryptocurrency trader will offer clients the possibility to exchange Bitcoin for not only the dollar or the Ghanaian cedi, but also for one of the other alternative cryptocurrencies.

1.2. What is Satoshi?

Every currency can be divided into smaller denominations. Just as the dollar has cents and the cedi has pesewas, Bitcoin also has its smaller denomination known as “Satoshi”. It’s named after the creator of the Bitcoin cryptocurrency and blockchain technology, Satoshi Nakamoto.

1.3. How many Satoshi make one Bitcoin?

For most currencies the value of the larger denomination is usually hundreds of its smaller denomination, for instance one Ghana cedi is made up of one hundred pesewas. So it’s very likely to assume one Bitcoin will contain one hundred Satoshi, but that’s actually not the case. Satoshi Nakamoto, per his calculations, decided that one Bitcoin should contain one hundred million Satoshi.

When Bitcoin was first launched, it had a very low price. It was even possible to purchase a hundred Bitcoin for around one hundred dollars back in 2011. That is no longer the case as the increased demand for Bitcoin has led its price to reach tens of thousands of dollars, meaning it’s now more convenient to purchase Satoshi. Satoshi itself has a certain value that allows it to be exchanged or used as a form of payment for goods and services, conduct transactions and also save, meaning one does not need to accumulate up to one Bitcoin before one can make payments.
There are many Satoshi converters/calculators on the internet that can help you quickly calculate the amount of Satoshi and also convert the amount into Bitcoin, Ghana cedis or any other cryptocurrency.
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2. What is a Bitcoin wallet?

2.1. Where can you store Bitcoin?
2.2. How to create a Bitcoin wallet
2.3. How to top up your Bitcoin wallet
Electronic money is already a part of our daily lives. Most of us are already familiar with the concept of an electronic wallet as a result of the numerous transactions we regularly make using our mobile money wallets or bank-issued ATM cards. For cryptocurrency, you need to register a separate wallet which will contain the data of your special address. Bitcoin is computer code so the wallet for its storage is a separate file with a long row of numbers.

2.1. Where can you store Bitcoin?

The choice of how to store Bitcoin is a really personal one. Modern technology offers numerous options for storing Bitcoin and other cryptocurrencies, so you decide which one suits you best. Let’s take a look at the types of Bitcoin wallets that are available to help you make an informed decision.

• usual bitcoin wallet;
• mobile;
• for PC;
• online wallet;
• digital bitcoin wallet.

Regardless of the operating system you use, there’s a Bitcoin wallet available for you. Here’s a look at the advantages and disadvantages of the different types of wallet for storing Bitcoin:

1. Mobile – the obvious advantage of having a mobile Bitcoin wallet is that it’s constantly available as we have our smartphone on us almost all the time, meaning a transaction can be made at any time. Also, mobile applications are easily understandable even for inexperienced users.
   The disadvantages of mobile wallets inсlude being susceptible to a hacking attempt as a result of being constantly connected to a network. Also, in case you lose your gadget and it doesn’t have a strong password or PIN, you risk losing your Bitcoin.
2. PC – safety is the biggest advantage with this method as your Bitcoins are connected to your PC making it very difficult for an unauthorized person to get access to it. The disadvantage being you may not be able to make transactions outside of your home.
3. Hardware – with this, your Bitcoin wallet is like a flash drive with a code on it, meaning your password isn’t on a network which makes it almost impossible to get hacked. It is very easy to lose a flash drive so extra care must be taken to ensure that doesn’t happen.
4. Online – having an online wallet means it’s accessible on any device once there’s an internet connection. This system is easy to use, however do not forget that if you link your Bitcoin wallet to a phone number, your data might become available to unauthorized persons in case of loss of the mobile phone.

2.2. How to create a Bitcoin wallet

Creating a Bitcoin wallet is very simple and easy, just go to the Bitcoin.org website and sеlect the appropriate option.
Many people prefer the hardware type of Bitcoin wallet, also referred to as “cold storage”. It is convenient to have such flash drives with you at all times, and you’re the only one that can see the wallet address. You can access a Bitcoin wallet in Ghana or any other country from any computer device.
Alternatively, you can create a Bitcoin wallet on a PC. This can be done by anyone who has ever registered on any service. This process, unlike many of the registration procedures on the Bitcoin.com site, does not require personal data. You just install the application on your computer, run a program like “Electrum”, choose a name for yourself and allow the program generate your personal code. This will be your Bitcoin wallet, as such you need to keep it out of the reach of unauthorized persons.

2.3. How to top up your Bitcoin wallet

Several exchanges and electronic payment systems enable you to top up your Bitcoin wallet, but we recommend topping up your Bitcoin wallet in Ghana using our cryptocurrency exchange. The procedure will not take much time, and having replenished your “reserves”, you can exchange one cryptocurrency for another, or choose a fiat currency.
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3. How can you earn Bitcoin?

3.1. Where can you earn Bitcoin?
3.2. How to earn Satoshi
3.3. Bitcoin faucets
3.4. Satoshi faucets
3.5. Free bitcoins
3.6. How to earn bitcoins in Ghana

Many people are now reaching a conclusion that Bitcoin might be the currency for the future, meaning it’s becoming more and more necessary to get access to this cryptocurrency. Before considering the ways to earn Bitcoin you need to first answer a few questions:

• Is your computer powerful enough?
• How much time can you spend in order to earn Bitcoin?
• How much of your own money are you willing to invest in order to earn Bitcoin?
• What do you need Bitcoin for?

3.1. Where can you earn Bitcoin?

Creating Bitcoin on your own requires a certain level of expertise. This process also demands special conditions and a lot of time. This means most people turn to miners who are united in pools (farms) to create cryptocurrency, but for this you need to first invest your own funds.
It’s also possibly to receive Bitcoins as a reward for entering captchas, performing simple math operations or answering questions on certain sites on the internet.
You can also consider trading on a cryptocurrency exchange if you’re serious about earning Bitcoin.

3.2. How to earn Satoshi

The process of earning Satoshi is similar to earning Bitcoin. You need to register on the respective sites, then open your personal Bitcoin wallet. Like many resources on the internet, some Satoshi and Bitcoin sites may not be reliable. Therefore you should not trust them to store your coins. Always withdraw Satoshi immediately no matter how little it might be. The conditions for earning Satoshi differ from site to site so it’s up to you to find the most convenient method. Earning Satoshi in Ghana is as easy as in other countries around the world.

3.3. Bitcoin faucets

Bitcoin faucets are websites where you can earn Bitcoin for completing simple tasks. Earning Bitcoin on such platforms requires perseverance, attentiveness and patience. It’s even possible to turn on automatic mode so you can earn Bitcoin without spending all day in front of your monitor.
Bitcoin faucets have different modes of payment.

• Discrete faucets – Bitcoins are credited for a specific period of time
• Cumulative faucets – your earnings constantly increase until you reach an automatically fixed payout point, then your Satoshi is transferred to your account and you start all over.

Choose a site that best suits you, and don’t forget to immediately transfer any digital currency you earn into your bitcoin wallet.

3.4. Satoshi faucets

Considering the fact one Bitcoin contains one hundred million Satoshi, it’s quite logical to assume earning Bitcoin will not be a speedy process. Therefore, Bitcoin faucets are essentially Satoshi faucets, by performing certain tasks suggested by the site such as viewing ads, entering captcha among others, you can earn Satoshi. There are Satoshi faucets that automatically credit you with electronic coins, and others that require you go through a registration process. Satoshi can be transferred to your account at least once every five minutes or at least once a month depending on its availability. There are times the acquisition of Satoshi can slow down or even stop, in such cases you’ll need to look for another cryptocurrency faucet.

3.5. Free Bitcoins

Among the huge number of sites on which you can earn Satoshi or Bitcoins, there are those on which you can get cryptocurrency for free.
Many of us are annoyed by the huge amount of ads that interrupt an interesting program or movie. But, if you want to get Satoshi for free, you’ll have to accept that there will be too many ads on the resource. If you don’t want to be distracted by ads constantly, try to connect to such a site from a separate browser so as not to disable the applications you need on your favorite browser.

3.6.How to earn Bitcoins in Ghana

Since Bitcoin is an digital currency and exists only on the internet, earning Bitcoin in Ghana is as easy as in any other country in the world.

1. You can become a miner yourself if you are tech savvy, or you can turn to professionals who will earn Bitcoin for you.
2. You can sign up to Bitcoin or Satoshi faucets, perform simple actions and earn Bitcoin.
3. You can combine business with pleasure – play an exciting game and receive Satoshi as a reward.
4. If you are very serious about earning more Bitcoin then you need to head to a cryptocurrency exchange.

There is a huge number of English language sites that give you the opportunity to trade and earn Bitcoins. Earning Satoshi or Bitcoin in Ghana now is as easy as earning Bitcoin in any other part of the world. This is the right time to dare and accumulate!
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4. What is mining and how to mine Bitcoin

4.1. Cloud mining of Bitcoins
4.2. Bitcoin mining on a PC
4.3. Bitcoin farm

Mining Bitcoin simply refers to the process of finding new blocks on the blockchain. Although it was possible to mine Bitcoin in its early days using any average computer, the system requirements for mining Bitcoin are now very high. You’ll need to create special conditions for this, as well as use powerful equipment.
Here are some of the methods for mining Bitcoins

4.1. Cloud mining of Bitcoins

Cloud mining is for those who do not have the means to purchase an expensive powerful computer or ASIC miner, and also lack the expertise to mine personally. Remote data centers with enough capacity for full mining are available, you simply pay for using the power of these centers without taking part personally in the Bitcoin mining process. However, you get your share of the cryptocurrency.

4.2. Bitcoin mining on a PC

Mining Bitcoin on a PC has gradually become a very difficult process, but if you’re willing to invest a lot of money into acquiring the right hardware it’s possible to make good money just by keeping your computer running.

4.3. Bitcoin farm

The inability of most computers to independently mine Bitcoin has led to the rise of “Bitcoin farms”. Users combine the computer power of several computers to form a network in order to successfully mine Bitcoin. A Bitcoin farm can also consist of several ASIC miners, which significantly increases the earning of Bitcoin. However, this method might not be affordable for everyone.
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5. How to Buy Bitcoin in Ghana

Buying Bitcoin in Ghana is a very fast and simple process that can be done on this website. As mentioned earlier you first of all need to create a Bitcoin wallet. Once that is done you can start to purchase Bitcoin using any of the mobile money services.
The first thing you do is to sign up if you don’t already have an account on this platform.
Once you’ve successfully signed up, you need to complete identity verifications and KYC procedures. You will need to provide a copy of any valid government issued identification card (accepted IDs: Passport, Driver’s license, Health Insurance Card, SSNIT card, Voter’s ID). You will be notified once your account has been verified. You can then proceed to purchase Bitcoin or Satoshi using any of the mediums available.
MTN customers can buy Bitcoin in Ghana using their MTN Mobile Money wallet, Vodafone Cash for Vodafone customers and AirtelTigo Money for AirtelTigo subscribers.
Provision has also been made for those who desire to purchase Bitcoin in Ghana using their bank account.
Our exchange allows you to make transactions from any bank in Ghana. Just sеlect your preferred bank, enter your details and confirm your purchase. It’s that simple!
G Money users can also buy Bitcoin in Ghana using their G Money account on this platform.

Our exchange rate is stated on the website to help you calculate how much you’re willing to spend on your Bitcoin purchase.
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6. How to sell Bitcoin in Ghana

We also provide services for people looking to sell their Bitcoin for Ghana cedis. By using our Bitcoin exchange, you can sell Bitcoin and other cryptocurrencies and receive payment either to a bank account or your wallet on any of the mobile money platforms. We offer the best exchange rates for your Bitcoin in Ghana, you can also get a higher rate for your Bitcoin once you complete identity verification. Contact us for even better rates when selling in bulk. Kindly use the ‘Contact Us’ form or connect to us on social media on our messenger channels. You can sell Bitcoins for Ghana cedis to any mobile wallet or bank. Supported wallets are MTN Mobile money, AirtelTigo Money, Vodafone Cash and G-Money. You can also have your cedis transferred to any bank of your choice by selecting the bank in the dropdown when selling your Bitcoins. On our exchange, you can also sell Ethereum and USDT at the best rates in Ghana.