Cryptocurrency is one of the best gifts that the internet has given us, and Ghana has accepted it
wholeheartedly. Because of the huge interest that Ghanaians have shown in cryptocurrency,
Ghana might just become the next frontier for cryptocurrency in Africa.
Suppose you are yet to understand cryptocurrency and the reasons behind the hype around it.
This article is for you.
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The interest of Ghanaians in cryptocurrency stems from the need for a better form of investment
that would yield good profit and is devoid of the shortcomings of local banks. Cryptocurrency
encompasses all that and even more. It is a decentralized and deregulated digital currency that
can serve as an alternative means of payment to cash, cheque, credit cards, and even gift cards.
Because cryptocurrency is not bound by any governmental rules, geography, or person, it has
become the favourite currency of all and sundry.
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If you perform any transaction with cryptocurrency, the transaction details will be stored in a
digital database called the blockchain instead of a bank ledger. The blockchain is a series of
connected computers that record the transactions in an electronic ledger in real-time.
There is no stopping the advancements of cryptocurrencies now, as there are over 10,000
cryptocurrencies. Every other day, a new coin is introduced into the market, and Ghanaians are
the few citizens of the world who are always receptive. The biggest and most used
Cryptocurrency in Ghana is Bitcoin. Since Ghanaians started using bitcoin, it has become the
most preferred mode of payment.
To benefit from cryptocurrency in Ghana, you have to buy some cryptocurrencies first. When
you own a volume of any coin, you wait for a while for the coin's value to increase before
proceeding to sell the coin. Before you can sell your cryptocurrencies in Ghana, you need a legit
crypto exchange platform that is nothing like your local banks.
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The two most trustworthy, reliable, and popular exchange platforms in Ghana are the Binance
platform and the Dart Africa platform. They have proven to be the best by providing the best
crypto exchange services in Ghana. Now, new crypto traders in Ghana are confused as to which
exchange is preferable. This article aims to answer their question and inform them of the distinct
features of both platforms based on some parameters.
Dart Africa vs Binance: ease of use
If there is one thing that Ghanaians do not like, it is stress. That is why even though Binance is
the jack of all trades when it comes to cryptocurrency exchange, Ghanaians would still prefer
Dart Africa to sell their cryptocurrencies because it is easier to use. Dart Africa is easier to
navigate and requires you to create an account and sell your cryptocurrency immediately.
On the other hand, Binance uses peer-to-peer for all transactions and would require picking a
buyer from an organized list. Peer-to-peer is not a bad feature, but a lot of time has been wasted
deciding on the right buyer before selling. Unlike Dart Africa, where you sell to the platform,
and that's all.
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Dart Africa vs Binance: security
Both Binance and dart Africa offers world-class security features to protect your financial assets.
Binance uses a trust wallet partnership because it does not have its digital wallet, and it is a trust
wallet that protects the customers of Binance from scammers. Other security features of Binance
includes whitelisting, advanced verification, and Two-factor authentication to protect the digital
assets of its customers.
Immediately you open an account with Dart Africa; you; you become eligible for a digital wallet
for free. Dart Africa uses email verification and allows you to manage your account by changing
your password whenever you want to.
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Dart Africa vs Binance: speed of payment
When it comes to payment speed, Dart Africa is faster because it is direct. All you need to do is
log into your account, proceed to sell, and immediately your transactions are verified and
approved, your account will be credited.
On the Binance platform, the payment speed depends on whichever buyer you paired with to sell
your coins, but it doesn't take more than an hour to get paid.
Dart Africa vs Binance: fees
No hidden charges are accrued when you sell your cryptocurrencies on Dart Africa. Everything
is done for free. Binance, on the other , charges 0.10% on all trading transactions across the
platform.
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Dart Africa vs Binance: cryptocurrencies supported
Dart Africa supports a limited number of cryptocurrencies, including Bitcoin, Ethereum,
Litecoin, BNB, and Dogecoin. Binance, on the other hand, supports a versatile list of over 500
cryptocurrencies, including NFTs.
In the end, the mantle falls on you to make The right decision. If you are already a pro in crypto
trading, Binance might appeal to you more than Dart Africa. Still, Dart Africa is a better choice
for beginners because navigation is easier. To get started on Dart Africa, visit their website at
dartafrica.io and fill in your name, valid email address and phone number, and your password.
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