How to Send Money to Ghana with Binance P2P
Since we added support for Mobile Money payments in Ghana last year, we have seen an increasing number of people use Binance P2P to send money from abroad, back home to Ghana. With a fast, and completely free platform that allows users to convert the crypto directly to Mobile Money and Bank accounts, it’s much easier to send money back home and avoid excessive fees paid while using traditional methods of remittance.In this blog post, we will show you how you can send money to Ghana in an easy, safe, and fast way with Binance P2P
Before you send money, you need to log in to your Binance account and make sure that you have completed Level 2 identity verification. This will help create a high-security level for your funds and protect your Binance account. If you are not a Binance user yet, you can register for a new account in minutes.
Here’s how to add Mobile Money as a payment method: On the app homepage, click on “P2P Trading” to enter the P2P trading page. Click on the “···” icon in the top right corner and choose “Payment settings.”
Click on “Add a new payment method”, and select “All Payment Methods”. Choose “MoMo” from all the available payment options, and enter your Mobile Money information. Then click on “Confirm.”
Now you’re ready to send money to Ghana with Mobile Money. It takes only two steps to complete the process of sending money to Ghana on Binance P2P.
Step 1: Specify search criteria
On the app homepage, click on “P2P Trading” to enter the P2P trading page.
Choose the (1) “Sell” tab and (2) select the crypto you want to send money with. Click the (3) filter icon at the top right of your screen.
Select (1) MoMo as a payment method and (2) enter the amount you want to send. Then click (3) “Confirm” to continue.
Step 2: Start sending money
Choose the offer that works best for you and enter the quantity you want to send, select “MoMo” as payment method, and click on “Sell”.
After you confirm the receipt of MoMo payment from the buyer with the specified amount you want to send to the MoMo account, tap “Payment received” and “Confirm” to release crypto to the buyer’s account. If you have not received any MoMo Payment, please DO NOT release crypto to avoid any financial losses.
Become a Binance P2P Merchant
Africa’s P2P trading volume has surged in 2020, with Nigeria, Kenya, Ghana, and South Africa seeing over 100% growth in the past quarter, according to Coingeek. The Binance P2P platform has also seen times increase in Africa since May, with a total trading volume of 580 million USD. We will continue to provide easy fiat-to-crypto access to local users with more mobile-friendly payment methods and customer support.
To provide better liquidity and service, we are looking for P2P merchants who have a reliable source of Ghanian Cedis (GHS) and cryptocurrencies, plus proven P2P trading experience. Besides the zero cost, Binance P2P merchants can enjoy zero-fee deposits, VIP spot trading fee discounts, and exclusive customer support. All you have to do is post your trade advertisements at your preferred conditions and profit from the spreads between different offers.