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More and more people in Ghana are buying, trading, and investing in Bitcoin as the coin continues to dominate the global cryptocurrency market. But while it is easy to buy Bitcoin, many people still find it difficult to sell it for cash when they need it.
Selling Bitcoin for cash can be a challenge especially for beginners who don’t know the right platform to choose. I had a sour experience a few years ago when I just started my crypto trading journey. I wanted to sell part of the Bitcoin I just bought a couple of weeks earlier to take care of some unplanned expenses. I came across a platform’s advert on a social media site and in my desperation, I downloaded the app and sent my Bitcoin without doing much investigation.
Then I waited for my money to be sent to me. Minutes turned into hours and hours turned into days and days turned into months, and till today I’m still waiting for my money to be sent. Needless to say, I was scammed.
Whatever the reason is that you want to sell your Bitcoin, it is important to choose the right platform in order to avoid getting scammed, selling at unfair low rates, or waiting endlessly to get your payment. This article takes a look at the 5 best platforms to sell Bitcoin for cash in Ghana, factors you should consider before choosing your preferred platform, etc.
Why Sell Bitcoin for Cash in Ghana?
1. Daily needs
Although Bitcoin is widely popular in Ghana, you can’t use it to pay for most things in Ghana. School fees are paid with cash, transport is paid with Cedis, and electricity bills must be paid with Cedis. This means that if most of your money is in Bitcoin, you will still need to convert some of it into cash for everyday expenses.
2. To avoid a Bitcoin price drop
The value of Bitcoin is unstable. The price can rise by thousands of dollars in one week and then drop sharply the next. For example, someone who bought Bitcoin at a high price might see its value fall in just a few hours. Holding onto Bitcoin during a downturn can lead to serious losses. People sell their Bitcoin for cash when they see that the market is becoming risky to secure their earnings and protect themselves from sudden price drops.
3. Trading profits
Many people also seek their Bitcoin for cash after making profits on trading. If someone buys Bitcoin at a low price and after some time, the price of Bitcoin rises, they may want to sell some of their Bitcoin to convert their profit into cash. This cash can then be used to take care of their everyday needs or to invest in other business opportunities.
4. Convenience
Selling Bitcoin for cash also offers convenience, especially for those who hold most of their money in Bitcoin. Imagine you are traveling and you need to pay for transport, food, or accommodation. Having cedis in hand is much easier than trying to explain to someone that you can pay them in Bitcoin. Local platforms make it very simple by allowing you to withdraw cash through bank accounts or mobile money.
5. Peace of Mind
While Bitcoin is powerful and has made many people rich, it also comes with risks. Its price can change in minutes, exchanges can have technical problems, and in rare cases, people lose access to their wallets. But you can reduce your exposure to some of these risks by turning some of your Bitcoin into cedis. Having money in your bank account or mobile wallet feels safer for many people. It allows you to balance your finances so you are not relying only on Bitcoin.
Top Platforms To Sell Bitcoin For Cash in Ghana
1. Prestmit
Prestmit is one of the most trusted platforms for selling Bitcoin in Ghana. Many Ghanaians prefer to use Prestmit due to its reliability and strong reputation in Ghana. It offers instant payments on all Bitcoin transactions and you don’t have to wait for hours or days to get paid. Once your transaction is verified, your account will be credited within a few minutes.
The platform also has a mobile app for both Android and iOS devices that provides a seamless trading experience for users to easily access their accounts and even view current Bitcoin rates before selling.
Prestmit places great importance on its users’ funds and data safety. They have strong security measures, including HTTPS, biometric authentication, and two-factor authentication for logins and withdrawals. Their customer support channel is available 24/7 to attend to all your needs and inquiries.
How To Sell Bitcoin For Cash On Prestmit
- Visit the official Prestmit website or download the Prestmit app from Google Play Store or Apple Store
- Create an account if you don’t already have a Prestmit account.
- Log in with your details.
- Click on “Crypto” on the homepage and choose “Sell Bitcoin” from the subsequent menu.
- Set the default wallet to receive your payment to Cedis or Mobile Money.
- Send your Bitcoin to the generated wallet or download the wallet QR code provided.
- Your payment will be sent immediately after your transaction is confirmed.
2. Breet
Breet is another popular platform where you can sell your Bitcoin for cash in Ghana. Breet operates as an over-the-counter (OTC) service like Prestmit, not a peer-to-peer marketplace. This means you sell directly to the platform, and they send you money without waiting for a buyer. Their payments are very fast and they don’t charge deposit or withdrawal fees.
3. Remitano
Remitano is a global platform that offers a peer-to-peer (P2P) marketplace. You can sell Bitcoin directly to other people who want to buy, using methods like bank transfer or mobile money. Users have control over who they sell to and the price they want to sell. The platform uses an escrow system, which holds your Bitcoin until you confirm you’ve been paid.
4. LocalCoinSwap
LocalCoinSwap is another peer-to-peer exchange that connects Bitcoin buyers with sellers. It offers a wide range of payment options and a large number of buyers and sellers to choose from. Like Remitano, LocalCoinSwap supports escrow for safe trading. Prices can vary widely between offers so you need to compare rates and check the reputation of each buyer before trading.
5. Lopeer
Lopeer is a Ghana-based exchange that allows you to sell Bitcoin and withdraw money into your bank account or mobile money. The platform offers payments in Cedis which you can receive directly to your local bank account. The platform is simple and user-friendly and they also support the buying and selling of other cryptocurrencies.
Factors to Consider Before Selling Bitcoin in Ghana
1. Payment time
Some platforms offer faster payment than others. It is advisable to choose platforms like Prestmit that pay within minutes if you need your payments immediately. Peer-to-peer platforms like Remitano or LocalCoinSwap may take longer because they depend on individual buyers.
2. Exchange rate
Bitcoin trading rates usually vary across platforms. Always compare rates and choose the one that gives you the best value. Prestmit offers one of the best rates in Ghana for Bitcoin trading to ensure you get good value any time you sell your Bitcoin. They also offer a Bitcoin rate calculator so you can check the latest rates before selling.
4. Transaction Fees
Always check the total amount you will receive after fees before trading on any platform. Some platforms may offer good rates but take a high commission. Others may show lower fees but offer weaker exchange rates.
5. Security
Use platforms with a secure architecture in place to avoid losing your funds or personal information. Prestmit uses 2FA, biometric authentication, and SSL encryption to protect your funds and information from third parties. For peer-to-peer trading, ensure the platform uses escrow so your Bitcoin is protected until payment is confirmed.
6. Customer Support
Choose platforms that have responsive customer support. If something goes wrong, responsive customer support can save you a lot of stress.
Frequently Asked Questions on Best Platforms to Sell Bitcoin for Cash in Ghana
Can I sell Bitcoin directly for cash in Ghana?
Yes, you can. Several platforms in Ghana allow you to sell Bitcoin and receive payment in Ghanaian cedis. Payments can be sent to your bank account or mobile money depending on the platform you use.
Is it legal to sell Bitcoin in Ghana?
Yes. While Ghana does not officially recognize Bitcoin as legal tender, it is not illegal to trade or sell it.
Which platform is the best to sell Bitcoin in Ghana?
Prestmit is the best platform to sell your Bitcoin in Ghana because it is easy to use, fast, and reliable. They also have responsive customer support and top-notch security features.
How long does it take to receive cash after selling Bitcoin?
This depends on the platform. Some services like Prestmit process payments almost instantly, while others like Binance P2P or Paxful may depend on the buyer’s speed of payment.
Can I sell other cryptocurrencies apart from Bitcoin in Ghana?
Yes. Many platforms also support Ethereum, USDT (Tether), Litecoin, and other popular cryptocurrencies. If you hold different cryptocurrencies, you can easily convert and sell them just like Bitcoin.
Conclusion
Selling Bitcoin for cash in Ghana is now easier than ever. With platforms like Prestmit, Breet, Remitano, LocalCoinSwap, and Lopeer, you can quickly turn your Bitcoin into Ghanaian cedis.
Prestmit is your best bet because of its speed, reliability, and multiple payout options. Remember to consider speed, payment methods, exchange rates, security, and customer support before deciding on which platform to sell your Bitcoin.
Bitcoin gives you financial freedom, but being able to convert it to cash when you need it makes that freedom practical. Whether you need money for daily expenses, business opportunities, or emergencies, Prestmit ensures you can access your funds when it matters most.
Last updated on October 1, 2025
