2 minutes Read

BitAfrika Review – Is BitAfrika Scam or Legit?

BitAfrika is a crypto exchange platform in Ghana that allows you to buy, sell and receive cryptocurrencies globally. It was founded in 2017. BitAfrika supports cryptocurrencies such as Bitcoin, Dogecoin, Litecoin, USDT, and BitcoinCash. 

Bitafrika offers multiple payment options, competitive rates, and free transfers between users. 

To register a Bitafrika account, users must complete a mandatory KYC (Know Your Customer) form. BitAfrika also follows a strict policy against money laundering, while complying with global crypto rules and regulations to protect you from theft and fraud.

 

Notable Features of BitAfrika

  1. BitAfrika supports 5 cryptocurrencies; Bitcoin, Dogecoin, Litecoin, USDT, and Bitcoin Cash. 
  2. You can purchase crypto with Ghanian Cedi
  3. They charge a 1% – 2% maker and taker fee (depending on payment method)
  4. BitAfrika has a standardized fee of 1.5% to buy cryptocurrencies on the platform.
  5. Fiat withdrawals attract a fee of 1% from BitAfrika’s local payment processors.

 

BitAfrica Fees

Below is a chart of fees BitAfrika charges for each crypto.

 

 

 

Buy Receive Send
Bitcoin Manual – free

Automatic – 1.5%

Free Bitcoin Network Fees
Ethereum Manual – free

Automatic – 1.5%

Free Ethereum Network Fees
Dogecoin Manual – free

Automatic – 1.5%

Free Dogecoin Network Fees
USDT Manual – free

Automatic – 1.5%

Free Tron Network Fees

 

How to Buy Bitcoin on BitAfrika 

  1. On the dashboard, click on “buy”. 
  2. Next, select a preferred payment method out of the option displayed. 
  3. Enter the amount of Bitcoin you want to purchase in Ghana Cedis. 
  4. The equivalent in BTC and USD will be displayed according to the buy rate shown. 
  5. Click on “Request Deposit”
  6. You will receive payment promptly from your network after requesting a deposit.

 

How to Sell Bitcoin on BitAfrika 

  1. On the dashboard, select “sell”
  2. Next, select a preferred payment method out of the option displayed. 
  3. Enter the amount of Bitcoin you want to sell  in USD
  4. The equivalent in BTC and Ghana Cedis (GHS) will be displayed according to the sell rate shown. 
  5. Click on next and follow the instructions displayed. 

 

Image of How To Choose The Right Bitcoin Wallet For You

Pros of BitAfrika

  1. You can purchase crypto in Ghanian Cedi
  2. Mobile app
  3. It’s a local Ghana crypto exchange
  4. No fee charges when you send funds to other users 
  5. No middleman
  6. 24/7 customer support 

 

Cons of BitAfrika

  1. Only 5 cryptocurrencies
  2. Not enough informative material on the website
  3. Only the Tron network available for USDT

 

Final Words

It is one of the most popular crypto exchanges in Ghana but from my research, they have very minimal information on the internet and on their website. 

I noticed the absence of a help and support center on their website. 

For further inquiries, you can reach them at [email protected] or WhatsApp at +233-54-553-5586

Copy Link

From the blog

The latest industry news, interviews, technologies, and resources.

October 18, 2023
8 Essential Tools for Tracking Bitcoin Prices Before Selling

Have you ever felt like too many things are happening simultaneously in the Bitcoin market? Like the market is too...

Read More
October 10, 2023
5 Ways to Maximize Profits When Selling Bitcoin

As a crypto trader or investor, you’ll agree when I say that one thing you look forward to is getting...

Read More
September 25, 2023
5 Key Considerations for Selling Bitcoin in a Bear Market

Buy the dip! Buy the dip! You probably did, but the dip deepened, and you found yourself in the bear...

Read More
September 25, 2023
How to Sell Bitcoin Quickly Using Over-the-Counter Method

Did your search for a smooth and quick way to sell your Bitcoin lead you here? Great! You can now...

Read More