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.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.
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.
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.
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.
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 hand, charges 0.10% on all trading transactions across the platform.
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.