How To Buy Bitcoin in Ghana With Mobile Money (MoMo) in 2022

You can buy Bitcoin (BTC) in Ghana with mobile money in 2022 on Paxful, Binance, eBitcoinics, Bundle, and YellowCard. You don’t need to buy a whole Bitcoin on these platforms; you can buy a fraction of it. 

This article looks at the best platforms to buy bitcoin in Ghana with Mobile Money (popularly known as Momo) directly in 2022. This guide covers buying bitcoin in Ghana with MTN Mobile Money, Vodafone Cash, Tigo Cash, and Airtel Money.

Mobile Money is a payment method in Ghana offered by telecommunication operators over their networks that allows you to send and receive money with your telephone number. Currently, the various Mobile Money providers include Vodafone Cash, AirtelTigo Money, and MTN Mobile Money.

Bitcoin is digital money, just like the Ghana Cedi (GHS), but instead of a paper and coin-based form of currency, Bitcoin is virtual. The cryptocurrency allows us to send money globally from any point of the world to another point securely and instantly with very minimal fees. 

If you are new, you should read our Bitcoin Explain to Newbies guide to understand the fundamental concepts of bitcoin.

Before buying bitcoin with mobile money, you should get a wallet to store your bitcoin. You can use several bitcoin wallets, but for this article, we recommend Exodus Wallet (for Android, iOS, and Desktop users) and Trust Wallet (for iOS and Android users).

Next, you will need to load your mobile money wallet with money to proceed. After, you will need to find a bitcoin exchange that accepts mobile money.

Several bitcoin exchanges in Ghana allow you to buy bitcoin with mobile money. To select one exchange, you need to consider the platform’s convenience, speed, and exchange fees. Here is a list of the top 5 options for buying Bitcoin in Ghana with mobile money in 2022:

1. Binance

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Binance has become extremely popular in Ghana and a leading option for buying and selling Bitcoin with mobile money in Ghana. You first have to create a Binance account (with your email or mobile number) to get started. Next, you must verify your identity with a Ghana card, passport, or driver’s license (this is standard practice for most fintech platforms due to regulations).

After these steps, you are ready to buy Bitcoin with mobile money on Binance. On the Binance app or website, click on “Trade” and find the “P2P” section. 

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Make sure you are in the “Buy” section on the P2P interface, and make sure you select “BTC.” A list of sellers will appear from which you can choose who you intend to buy Bitcoin. You can make your decision based on the rate, number of completed trades, and payment methods (usually listed at the bottom). 

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After selecting a seller, click on “Buy.” Next, enter the amount of BTC you want to buy in Ghana cedi. After, the payment details of the seller will be shown to you. 

Copy the mobile number, send the exact amount you entered and then click “I have paid.” The seller will confirm, and the funds will be sent to your wallet. It may take some time, so be patient. You can text the seller using the chat function on the P2P platform. 

You can submit an appeal in the unfortunate instance (happens rarely) that the seller does not respond or delays. Binance P2P also allows you to buy other cryptocurrencies like Ethereum (ETH), Tether (USDT), Binance Coin (BNB), Binance USD (BUSD), and DAI with mobile money. 

2. Paxful

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Paxful is another P2P platform that allows you to buy BTC with mobile money in Ghana in 2022. To begin, you to create an account and verify your identity (with a Ghana card, passport, or driver’s license). 

Next, you will have to find buyers willing to accept mobile money as payment for Bitcoin. Paxful is a peer-to-peer (P2P) bitcoin exchange, which means buying and selling bitcoin is done directly between the two parties without a third party.

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On the homepage, select Bitcoin as your cryptocurrency of choice, select your payment method, for instance, “MTN Mobile Money,” select GHS as your currency and enter the amount you are willing to spend. Click on “Find Offers.“

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This will load a list of all users selling Bitcoin for GHS with mobile money as a payment option. You can choose who you intend to buy Bitcoin. You can make your decision based on the rate, number of completed trades, and payment methods. 

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After selecting a seller, click on “Buy.” Next, enter the amount of BTC you want to buy in Ghana cedi. After, the payment details of the seller will be shown to you. If you need any extra details, you can ask the seller in the chat function on the platform. 

Copy the mobile number, send the exact amount you entered and then click “I have paid.” The seller will confirm, and the funds will be sent to your wallet. It may take some time, so be patient. 

You can start an appeal in the tragic instance (happens rarely) that the seller does not respond.

3. Bundle

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Bundle is another new platform to buy Bitcoin with mobile money in 2022. To start, you have to download the Bundle App on the Apple App Store or Google Play Store.

Next, you need to sign up and verify your identity. After that, you can then access your dashboard, click on GHS and add cash. Next, you must select the option to deposit via GHS and then follow the prompts to add Cash to your wallet. 

After adding Cash, find the BTC asset and click on “Buy.” Next, enter the amount you intend to spend on buying Bitcoin, click “Next,” and complete the purchase. 

4. EBitcoinics

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 eBitcoinics is a popular Ghanaian-based cryptocurrency exchange. The local platform is well known in the Ghanaian cryptocurrency ecosystem, making it a trusted outlet.

To buy bitcoin with mobile money on EBitcoinics, you will have to register on the exchange by clicking on the signup button and following the steps that pop up.

Subsequently, you will have to verify your account by confirming your email address and mobile number. 

Finally, you can place your order on eBitcoinics by inserting the amount of Ghana Cedis (GHS) you want to use in purchasing your bitcoin. You then follow the steps, including providing your bitcoin address and making the mobile money payment. You will receive your bitcoin immediately after this.

Ebitcoinics limits how much bitcoin you can buy without KYC verification. This is because KYC verification requires you to verify your identity with a legal document as proof (this step is not necessary for readers buying relatively small amounts of bitcoin).

Aside from bitcoin, eBitcoinics also allows you to buy DASH, Litecoin, and Ethereum with mobile money in Ghana.

5. YellowCard

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You can use YellowCard by visiting its web app from any device or browser or downloading it from the Play Store or App Store. Step one, you have to sign up by providing basic information about yourself.   

Next, you have to fund your account with GHS. Tap Deposit and select Mobile Money. Follow the prompt to deposit the amount you want instantly. This will reflect in your account after a few seconds. 

In the final step, select Bitcoin on your dashboard once logged into your account and enter the amount you want to buy in GHS, USD, or Bitcoin. Once you confirm the transaction, your bitcoin will be added to your wallet. 

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