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BitAfrika Review – Is BitAfrika Scam or Legit?

BitAfrika is a crypto exchange platform in Ghana that allows you to buy, sell and receive cryptocurrencies globally. It was founded in 2017. BitAfrika supports cryptocurrencies such as Bitcoin, Dogecoin, Litecoin, USDT, and BitcoinCash. 

Bitafrika offers multiple payment options, competitive rates, and free transfers between users. 

To register a Bitafrika account, users must complete a mandatory KYC (Know Your Customer) form. BitAfrika also follows a strict policy against money laundering, while complying with global crypto rules and regulations to protect you from theft and fraud.

 

Notable Features of BitAfrika

  1. BitAfrika supports 5 cryptocurrencies; Bitcoin, Dogecoin, Litecoin, USDT, and Bitcoin Cash. 
  2. You can purchase crypto with Ghanian Cedi
  3. They charge a 1% – 2% maker and taker fee (depending on payment method)
  4. BitAfrika has a standardized fee of 1.5% to buy cryptocurrencies on the platform.
  5. Fiat withdrawals attract a fee of 1% from BitAfrika’s local payment processors.

 

BitAfrica Fees

Below is a chart of fees BitAfrika charges for each crypto.

 

 

 

Buy Receive Send
Bitcoin Manual – free

Automatic – 1.5%

Free Bitcoin Network Fees
Ethereum Manual – free

Automatic – 1.5%

Free Ethereum Network Fees
Dogecoin Manual – free

Automatic – 1.5%

Free Dogecoin Network Fees
USDT Manual – free

Automatic – 1.5%

Free Tron Network Fees

 

How to Buy Bitcoin on BitAfrika 

  1. On the dashboard, click on “buy”. 
  2. Next, select a preferred payment method out of the option displayed. 
  3. Enter the amount of Bitcoin you want to purchase in Ghana Cedis. 
  4. The equivalent in BTC and USD will be displayed according to the buy rate shown. 
  5. Click on “Request Deposit”
  6. You will receive payment promptly from your network after requesting a deposit.

 

How to Sell Bitcoin on BitAfrika 

  1. On the dashboard, select “sell”
  2. Next, select a preferred payment method out of the option displayed. 
  3. Enter the amount of Bitcoin you want to sell  in USD
  4. The equivalent in BTC and Ghana Cedis (GHS) will be displayed according to the sell rate shown. 
  5. Click on next and follow the instructions displayed. 

 

Image of How To Choose The Right Bitcoin Wallet For You

Pros of BitAfrika

  1. You can purchase crypto in Ghanian Cedi
  2. Mobile app
  3. It’s a local Ghana crypto exchange
  4. No fee charges when you send funds to other users 
  5. No middleman
  6. 24/7 customer support 

 

Cons of BitAfrika

  1. Only 5 cryptocurrencies
  2. Not enough informative material on the website
  3. Only the Tron network available for USDT

 

Final Words

It is one of the most popular crypto exchanges in Ghana but from my research, they have very minimal information on the internet and on their website. 

I noticed the absence of a help and support center on their website. 

For further inquiries, you can reach them at [email protected] or WhatsApp at +233-54-553-5586

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