How To Create Bitcoin Account In Ghana And Any Part Of The World

This article will teach how to create a bitcoin account if you are based in Ghana, and any country you will find yourself in. The process is the same.

How To Create Bitcoin Account In Ghana And Any Part Of The World

What Is Bitcoin?

To explain it, Bitcoin is the internet money created to make transactions more secure, smooth, and anonymous on the internet.

Like how central banks control currencies like Dollars, Cedis, Naira, and pounds, bitcoins are owned by their users.

Bitcoin is a peer-to-peer currency, and it is run by a network of computers worldwide. The Bitcoins generated can be used to buy goods and services.

Advantages of Bitcoin

Low Transaction Fees

Yes, you heard me right, assuming you want to send someone $50,000. You will have to visit the bank, sign papers, and then take a fee from this amount.

But for Bitcoin, you can even pay less than $5 for sending that vast amount.

Anonymity And Privacy

Yes, bitcoin is all about privacy. Just like your bank account, Bitcoin uses an Address, so when someone wants to make a transaction to you through Blockchain, they will need your bitcoin address and nothing more (no name, address, postal code, and the rest).

This makes it super easy to use as you might be questioned at the bank when you visit to send someone a considerable amount of money.

You Control Your Own Money

You might say, but I have money at the bank, and it’s mine. Yes, you are right, it’s yours, but do you know that banks can just come up with a story that they have been hacked and bla bla bla?

It happens, and when such things happen, you have no option but to wait for this bank to compensate you or forget and move on.

But with bitcoin, you control your coins with your private keys (also take note that when a hacker gets access to your private keys, he can send the coins to his account, which equals you being hacked).

Price Increase

Bitcoin is a peer-to-peer currency and is based on bidding and selling. Currently, the price of bitcoin is$39,000if all the people holding this coin decide to set a selling price at $60,000, then the people looking for some to buy will have no option other than to buy it at that price, making the price of bitcoin rise.

So assuming you bought $200 of bitcoins in 2017 when the price was $50 now that the price is $60,000, calculate your earnings.

Bitcoin is all about patience, and also remember, don’t invest what you can not afford to lose.

Now that you have learned about bitcoin and how it works, let me know how to own some.

I am now going to take you through how to create a bitcoin account.

We are going to tackle 1 top trusted and secured exchange to create and store your bitcoins on.

How To Create Bitcoin Account in Ghana On Binance.com

Visit the official Binance website and click on Register.
Type in your email and your password and click on Create Account
Type in the verification code for an email verification sent to your mail. You can then deposit and withdraw cryptocurrencies. You can also buy cryptocurrencies with your credit card on Binance.

To know your Bitcoin address,

Head over to the Dashboard and click on Wallet>Overview.
On the overview, the screen selects Deposit and choose Deposit Crypto.
Now choose your Bitcoin, and then on your right side, you will see your Bitcoin address and its QR Code.

READ: Crypto Gaming: The Future of Gaming Industry

This is what you will use to receive bitcoins into your account.