Have you heard of Bitcoin in Ghana? I’m sure you have. If not, try to read this piece of article. Even if you know about Bitcoins, there are more to learn here. This article includes but not limited to the sale, exchange, and prices, security, and the future of Bitcoin in Ghana, and the world at large.
What is Bitcoin?
Bitcoin is a currency, just like our Ghanaian Cedi. But it cannot be touched. It is digital. Let us look at it this way: Let’s say you can use your Facebook likes to buy items online. That is how bitcoin works. You have it online; the more you have, the richer you become.
It was created in 2009. The person who created bitcoin is unknown. That is what they claim. And we wonder how it has been so popular, and almost everyone is buying into it. that is what motivated us to put this article together.
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Knowing Bitcoin and how it works helps you to make a wiser decision whether to invest in it or not.
The founder of Bitcoin has been given the name or alias Satoshi Nakamoto. Since this currency is digital, you cannot save it in bank accounts. You can imagine how banks are going to be when it is fully operational.
Though it has been perceived by most experts to become the future of trading, we at Website Ghana think it is not going to take away our physical currencies. Probably not anytime soon. This is from a few analysis we have done.
What we see cryptocurrencies becoming is like mineral resources. Just like we trade Gold, Diamonds, and other minerals independent of money, that is what we foresee them becoming.
I think I mentioned Cryptocurrencies late. You may be wondering: What are Cryptocurrencies? They are digital currencies, just like Bitcoin. Other examples of Cryptocurrencies that are trending currently apart from Bitcoin (BTC) are Litecoin (LTC), and Ethereum
(ETC), among others.
Bitcoin is the fast-growing monetary system in the world. 1 BTC currently equivalent to $6,080 upwards and trust me I witnessed the time when 1 BTC was equivalent to $3,000 which was just last 2 months. I will be happy if you are tracking its growth from today onwards and I always hope you won’t feel any regret because you failed to invest in it.
How to join Bitcoin
- Visit BlockChain.info
- Create a wallet by Clicking on “Get A Free Wallet”
- Set up your account using your valid email address and a strong password
A Bitcoin Wallet Address will be generated for you
- You can download their mobile app onto your phone for easy access after you have created your account.
How to Buy Bitcoin in Ghana
If Bitcoin still looks weird to you, but don’t want to be left unaware, just assume you are investing your money in Gold, or Diamonds, and hoping that the price increases for you to get richer.
In this article, I would show you how to buy bitcoins in Ghana. there are different ways you can buy bitcoins in Ghana. It could be by:
1. Buying from your friends or people who already own Bitcoins:
This is most common in Ghana because, after all, you trust your friend better than a website.
2. Buying from Bitcoin Exchange sites:
There are a lot of Bitcoin exchange sites. We will discuss more of that below.
3. Mining Bitcoins :
This isn’t simple but simply means solving complex mathematical problems. If you win, you get Bitcoins. I am not going to talk more about this method now (maybe in our future posts).
How do I grow my Bitcoin?
So far the most successful way to grow your Bitcoin in Ghana is to join BTC Investments. What is BTC Investments ?
BTC Investments is a user community where people help each other with donations. it is a comprehensive platform that helps millions of users around the world to connect to those who need help from those who are willing to help.
How do I join BTC Investments?
Fund your Blockchain Bitcoin Wallet with 0.002 BTC which equivalent to $ 35.19 and GHC 160. This is just per my calculation but you need to fund with 0.002 BTC.
So contact a merchant and find its worth in Ghana Cedis.
When you have done funding your Wallet. Register on BTC Investments by clicking on the registration link below to start because it is better to join an admin.
After registration, you need to follow these instructions.
To upgrade to level 1, you need to donate the 0.002 BTC to your upline and once confirmed, you will be automatically upgraded to level 1 which makes you eligible to refer and receive donations from people.
Registration Link here: https://btcinvestments.co.za/ref/198bee2c1e/register
How do BTC Investments work?
Once you get your two downlines and each of them donates their 0.002 BTC to you, you will have a total of 0.004 BTC in your wallet.
To get to level 2, you donate 0.003 from the 0.004btc to your upline and a profit of 0.001 btc
On level two, you are now eligible to receive 0.003 donations from 4 downlines so that you have a total of 0.012 btc once donations are completed, you upgrade to level 3 with 0.010 btc and you’re left with a profit of 0.002 btc in your wallet
On level 3, you are eligible to receive 0.010 btc from 8 people, this totals 0.08 btc once donations are completed. You upgrade to level 4 with 0.05 btc so that you are left with a gain of 0.03 btc
On level 4, you are eligible to receive 0.05 btc from 16 people so that you have a total of 0.8 btc, you upgrade with 0.5 btc and the remainder 0.3 btc is your profit
On level 5, you are eligible to receive 0.5 btc from 32 people so that you have a total of 16 btc, which is your profit.
Note: It is advised to create a whatsapp group for your downliners and work as a team. The more you work as a team the faster you complete your mission.