Before 2020, selling cryptocurrency in Ghana was nearly impossible. Many people could not sell or receive crypto coins due to the government ban on crypto transactions coupled with the initial rejection of adopting digital currencies as a legal tender. Also, not many people have access to smart devices and working internet connections to enable them to trade cryptocurrency.
With consistent innovation in the crypto world, many investors integrated Mobile Money as a payment option to sell cryptocurrencies like Bitcoin in Ghana.
Today, you can buy and sell crypto in Ghana through any reliable bitcoin trading platform and pay using Mobile Money, the leading payment service in Ghana.
What is Mobile Money?
Mobile Money is a secure electronic service that allows mobile money wallet holders to store funds, send and receive money, make payments and make several transactions simply using their mobile phone without directly involving a bank or owning a bank account. It is fast, convenient, and affordable. The International Finance Corporation reports that Ghana is the fastest growing market for mobile money services in Africa.
Mobile money is an essential retail financial service offered by telecommunications and other financial institutions in Ghana. Due to the high increase in users, cryptocurrency platforms adopted Mobile Money as a financial option for crypto traders.
For instance, you can now sell your Bitcoin in Ghana through Breet OTC and withdraw your money using Mobile Money. Since its launch, mobile money has unlocked more opportunities for Ghanaians to buy and sell crypto, especially compared to the prevailing profit margins of between 1% to 3% for p2p trading in Africa.
Mobile Money integration in the crypto market has made selling crypto smooth and safe. A highly notable and recommended Mobile Money is MTN Mobile Money.
How to Sell Crypto For Mobile Money Using Breet
Before you can sell your crypto with Mobile Money, you need to log into your Breet account. Be sure to complete your verifications and turn on two-factor authentication for better security. This will help create a high-security level for your crypto investment account and protect your account on the market.
After you have logged into your Breet account, you have to add mobile money as a payment method. There are various mobile money platforms out there, Breet uses the most popular and trusted, MTN Mobile Money.
To add MTN Mobile Money to your Breet account:
- Click on the “menu bar” located at the top right corner
- Click on the “Bank Details ” tab
- Click on “Add your Account Details”
- Input necessary bank information
- Choose Cedis as your currency
Then confirm. Now you are ready to sell your crypto with Breet, it only takes less than five(5) minutes.
Steps by step guide to trade:
Specify search criteria:
- Open the Breet app, click on the crypto coin you want to sell for money
- Click on the “withdraw” tab and sell
- Select MTN Mobile Money as your payment method and confirm
Then you have successfully converted and withdrawn your crypto coin to your Mobile Money account. It is that simple and stress-free.
Why You Should Use Breet To Sell Your Crypto For Mobile Money
Breet is an automated crypto-to-fiat mobile application that makes use of the OTC system, and it is one of the most well-known and trusted crypto exchange platforms in Ghana and Nigeria.
However, Breet does not use the peer-to-peer exchange method to sell, it uses an automated technology that automatically converts your cryptocurrency to the fiat equivalent of how much the coin(s) is worth.
This way, you do not have to wait for long hours before completely trading your crypto to Cedis. Aside from the easy user interface and fast procedure, Breet does not charge withdrawal fees or any extra fees for transacting on the platform. It is 100% free to use Breet and more amazingly, you get point rewards, which can be converted to money, for making a transaction.
It usually takes less than five minutes to sell your cryptocurrency for Mobile Money on Breet and it is completely free from fraud or any unusual issues because you do not have to work with a peer or third party to sell your crypto. You can simply sell your crypto with Breet app only, without involving anyone else – Yes! It is that safe and trusted.
Read this for full details on how to sell crypto with Breet.
Categories: News
Source: thpttranhungdao.edu.vn/en/
