Sending money from Ghana to Nigeria has long been a headache, especially due to the difference in currencies. Nigeria’s fiat is the Naira while Ghana’s is Cedis. Therefore, for individuals to be able to send money directly, there is a need for a currency converter which existed but had to be done manually, through traditional financial institutions. Thankfully, with a Bitmama account and crypto, you have all the answers you need on how to send money from Ghana to Nigeria.
This article explores the cheapest and most effective way to send money from Ghana to Nigeria and other African countries.
An overview of cross-border transfers in Ghana today
Cross-border payments are a significant source of income for most economies globally, as many individuals rely on money sent by family and friends abroad. Many Nigerian families have relatives scattered across Africa and abroad who work and send money home. Basically, Ghana is one of the most popular destinations for Nigerians, which is why there is a high demand for platforms that can facilitate payments from Ghana directly to Nigeria.
On the other hand, lots of Ghanaian companies and residents conduct business with Nigerians and need to make payments directly in Naira. Business dealings between the two countries are evident in statistics that show exports of $50 million worth of products from Ghana to Nigeria in 2020 and $382 from Nigeria to Ghana.
What is the best way to send money from Ghana to Nigeria?
The best way to send money from Ghana to Nigeria is through the Bitmama app. Bitmama allows you to send money to countries across Africa through crypto. Our wallet and send crypto feature makes it easy to send fiat and non-fiat crypto to digital wallets anywhere in the world, which can then be converted into the local currency in the country.
Bitmama allows you to send money from Ghana to Nigeria where the Bitmama service exists without worrying about fluctuations in exchange rates.
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How to send money from Ghana to Nigeria using crypto on Bitmama
Follow the steps below to send money from Ghana to Nigeria using crypto on Bitmama:
1. Download, register and log in to your Bitmama account. Proceed to complete the verification process up to level 3.
2. Select “Fund” to fund your fiat cedis wallet with the sum you wish to send to Nigeria. Skip to step 4 if you already have crypto in your wallet that you intend to send.
3. On your home screen, click on “Buy. Proceed to purchase your preferred crypto from your local fiat wallet (we recommend purchasing a fiat crypto like USDT).
4. Once again, select “Wallet” at the bottom menu of your screen and navigate to “Crypto Wallet”
5. Select the wallet you funded in step 3 and click “Withdraw”
6. Request the receiver’s crypto wallet and withdraw the amount of crypto you wish to send directly to the wallet.
7. Lastly, click “Withdraw” and the individual will instantly receive the crypto, which he can then withdraw into his Nigerian wallet or bank account on the Bitmama app.
Check this out – How to swap crypto on Bitmama in 5 Simple Steps
Bitmama: the easiest way to send money from Ghana to Nigeria through crypto
Bitmama eliminates the difficulty of sending money from Ghana to Nigeria with the power of crypto. With the app, you do not need to worry about exchanges and long delays when dealing with traditional financial institutions.
Try the Bitmama app now. Get started by downloading on Android or iOS devices today.
