5 Platforms to Sell USDT in Ghana; USDT, or Tether, is a type of cryptocurrency known as a stablecoin. Unlike other cryptocurrencies like Bitcoin, which can have a volatile value, USDT is designed to have a stable value. This means that one USDT is generally intended to always be worth about one US dollar.
This stability makes it a popular choice for people who want to use cryptocurrencies for everyday transactions or as a way to safeguard their assets from the price fluctuations often associated with other cryptocurrencies. In Ghana, you have various options for trading USDT for Cedis, or other cryptocurrencies. Let’s explore five platforms that provide a convenient way to sell USDT for Ghanaian Cedis.
Cardvest
Cardvest holds the top spot as the go-to platform for selling USDT in Ghana, and this is primarily due to their competitive rates. They offer some of the best rates in the market, making it the preferred choice for many in the country. Users appreciate the opportunity to get a favorable exchange rate when selling their USDT and Cardvest has earned a reputation as the number one platform for USDT to Cedis transactions in Ghana.
Here are the steps on how to sell USDT in Ghana using Cardvest:
- Visit Cardvest.ng or download the mobile app.
- Register an account if you are a new user or log into your account by providing your email and password if you are an existing user.
- Select the type of coin (USDT) you want to sell.
- Input the amount of USDT you would like to sell.
- Cardvest will calculate its current rate, and its equivalent in GHS will be displayed immediately.
- Click on “sell coins now.”
- Make payments to the wallet address provided or scan the QR code to continue. You get paid instantly after Cardvest confirms the transaction.
Binance
Binance is one of the world’s largest and most well-known cryptocurrency exchanges. Founded in 2017, it has established itself as a leading platform for buying, selling, and trading a wide range of cryptocurrencies. To sell USDT for Cedis on Binance, follow these steps:
Step 1: Create an Account
If you don’t already have a Binance account, you’ll need to create one. You’ll need to provide your email address, create a password, and complete the necessary verification steps.
Step 2: Deposit USDT
After you’ve registered and logged in, deposit your USDT into your Binance wallet. You can do this by navigating to the “Wallet” section and selecting “Deposit.”
Step 3: Place a Sell Order
Go to the “Trade” section on Binance and choose the USDT trading pair you want to use. For instance, if you want to exchange USDT for Ghanaian Cedis, look for the USDT/GHS trading pair. Place a “Sell” order, specifying the amount of USDT you want to sell.
Step 4: Review and Confirm
Check your order details and confirm your sell order. Once the trade executes, you will receive the funds in your Binance account.
Paxful
Paxful is a peer-to-peer (P2P) trading platform. Established in 2015, Paxful has gained recognition for its unique approach to cryptocurrency transactions. It operates as a P2P marketplace, which means that users can buy and sell cryptocurrencies directly to and from each other, without the need for a traditional intermediary. To sell USDT for Ghanaian Cedis on Paxful, follow these steps:
Step 1: Register on Paxful
If you’re not already a Paxful user, start by registering an account on the Paxful website or app. You will need to provide some basic information and complete the verification process.
Step 2: Search for Offers
Paxful operates as a peer-to-peer platform, so you will need to find a suitable buyer who is interested in buying your USDT. Use the search function to find offers that match your criteria, such as the payment method and currency you prefer.
Step 3: Initiate a Trade
Once you’ve found a suitable offer, click on it to view the trade details. Make sure to read the terms of the trade carefully. If you’re satisfied, initiate the trade, and you can start a conversation with the buyer to discuss the specifics.
Step 4: Complete the Trade
Follow the instructions of the buyer for making the USDT transfer. Once the buyer confirms the payment, the USDT will be held in an escrow account. You will need to provide proof of payment. Once the buyer confirms they have received the USDT, the cryptocurrency will be released from escrow, and you’ll receive your payment as per the agreed terms.
Also Read: Where to Sell Bitcoin in Ghana
Astro Exchange
Astro Exchange is a well-known cryptocurrency exchange in Ghana, providing users with the ability to trade USDT for Cedis. One of its standout features is the swift payout system, which allows users to convert their USDT to Ghanaian Cedis swiftly. To sell USDT on Astro Exchange, follow these steps:
- Start by creating an account using your valid email and phone number through the Astro Africa mobile app available on iOS and Android or their website.
- After successfully creating an account, you will be directed to your account dashboard.
- On your dashboard, add a local bank account and set up your transaction PIN for security purposes.
- Click on “sell crypto.” On Astro exchange, you can sell various cryptocurrencies, including Bitcoin, USDT, Ethereum, and BNB. Choose “USDT”.
- Choose your preferred payment wallet, which should be your Cedis wallet. Enter the amount of USDT you want to sell. The platform will display the equivalent amount you will receive in Ghanaian Cedis. Click on “proceed.”
- You will be provided a USDT wallet address. Send the USDT to that wallet address.
- Astro exchange will then proceed to authenticate your transaction. In less than 10 minutes, you will receive payment for your USDT.
Yellowcard
Yellow Card is a cryptocurrency exchange that has gained recognition for its role in making cryptocurrency accessible in Ghana and across Africa. Yellow Card focuses on making cryptocurrency trading accessible to everyone, regardless of their technical knowledge. It is designed to be user-friendly and available via both mobile apps and web platforms, allowing users to easily use the service.
In Ghana, selling USDT has become easier with more platforms available for it. Keep in mind that features of each platform may change over time, so it’s good to check what each platform offers when you want to sell USDT.
