How much is 0.03 bitcoin in Ghana cedis; Have you ever sold Bitcoin for money in Ghana? Was it stressful? Did you have to rack your head to understand the exchange rates? These issues no longer have to be a problem with the unique platform we will introduce to you in this article.
Understanding Bitcoin
Bitcoin made many Ghanaians believe in magic. It is indeed a magic currency. No one imagined that one day, the world would go crazy over a currency that we could not see or touch. Bitcoin only exists online, but it holds so much value. No indigenous currency is as valued as Bitcoin to this day.
The number of Bitcoin exchange platforms in Ghana increases daily because it is a very profitable venture. Before trading Bitcoin for Ghanaian Cedis, it is essential that you have a basic understanding of how the currency was discovered and by whom.
Like every other cryptocurrency, Bitcoin is also called by its three letters initials, BTC. It is the first and most popular cryptocurrency in the world. It was developed in 2009 by Satoshi Nakamoto, a group of blockchain experts. Bitcoin is a decentralized currency and is not under the control of the government. All Bitcoin transactions are recorded in a blockchain, which records the history of each unit and proves ownership.
Unlike other traditional currencies, Bitcoin cannot be seen or touched. However, it can transferred from one digital wallet to the other. Also, because Bitcoin is not issued by a central bank or backed by a government, you cannot withdraw Bitcoin from the bank, but there are Bitcoin ATMs in some countries.
As a Bitcoin investor in Ghana, you must know that buying a Bitcoin differs from purchasing a stock or bond because Bitcoin is not a corporation. Consequently, there are no corporate balance sheets to review or fund performances to compare.
How much is 0.03 bitcoin in Ghana cedis?
If you’ve been wondering about How much is 0.03 bitcoin in Ghana cedis, then here’s your answer.
One of the few ways to avoid getting scammed by exchange platforms is to know how to calculate the price of Bitcoin. The value of Bitcoin is constantly changing because the exchange market is volatile. There are exchange platforms like Astro Africa that have rates calculator embedded in them to help you calculate the current rates of your Bitcoin.
Astro Africa rates calculator is very easy to use and can be used to check the current rates of cryptocurrency in both naira and cedis. To calculate the current price of 1 bitcoin in Ghana Cedis, follow the steps below.
- Visit the Astro Africa website on your preferred browser.
- Click on check rates. To use this feature, you do not need to be a registered user. However, if you want to sell at the current rate, you must create an account using a valid email address.
- You will find two sections for gift cards and crypto; click on the crypto section.
- Select Payout wallet, GHS wallet.
- Select coin, Bitcoin.
- Input coin amount.
- Immediately after you input the coin amount, the USD and GHS values will be displayed.
- The current price of 0.03 BTC in Ghana Cedis is 14,257.65. This is the highest rates you will find on any platform. Go ahead and click proceed to create an account on Astro Africa and sell at the same price. No hidden charges!
Uses of Bitcoin in Ghana
There are several uses of Bitcoin in Ghana, and they are discussed below.
Cheap money transfers
One of the biggest pros of Bitcoin is that compared to other traditional payment options, it has a low transaction cost. Bitcoin’s transaction fee is not nearly as costly as the fees on money transfers brokered by banks, credit cards, and commercial software like PayPal. On Astro Africa, transaction fees are free.
Transaction of goods and services
As a Bitcoin user, you can simply use Bitcoin to purchase goods from online (or even physical) retailers. As the bitcoin market grows, this will become increasingly common – the monetary value of bitcoin will (theoretically) stabilize, consumers will want to spend their bitcoins, and retailers will see the benefits of accepting bitcoin transactions.
Private spending
Bitcoin transactions afford users a desired level of privacy that traditional digital payment systems do not. Some examples of situations in which this quality comes into play include situations in which people are fleeing from abusive partners, desiring controversial health procedures, or operating outside the confines of oppressive governments.
Read also: How much is a $50 Bitcoin in Ghana?
