How do I buy Bitcoin in Ghana with Mobile Money?

On PRAQEN, go to 'Buy Bitcoin', choose a seller, select MTN Mobile Money or Airtel Money as your payment method, enter the amount, and open a trade. Send payment and click 'I Have Paid'. The seller releases Bitcoin to your wallet once confirmed. Escrow-protected and instant.

Is PRAQEN safe for Bitcoin trading?

Yes. PRAQEN uses escrow protection — Bitcoin is locked in escrow before any trade begins. Neither party can lose funds unfairly. All trades are moderated with 24-hour dispute resolution. Over 10,000 completed trades with a 98% completion rate.

Does PRAQEN support USDT?

Yes. PRAQEN supports USDT (Tether) on the TRC-20 network alongside Bitcoin. You can deposit, withdraw, send, and instantly swap between BTC and USDT directly in your PRAQEN wallet, and use USDT as a payment method on P2P Bitcoin trades.

What is the fee on PRAQEN?

PRAQEN charges a flat 0.5% fee on completed trades. There are no hidden charges, no signup fees, and no withdrawal fees. The fee is only deducted when a trade is successfully completed.

Can I sell gift cards for Bitcoin on PRAQEN?

Yes. PRAQEN has a dedicated gift card marketplace where you can trade Amazon, iTunes, Google Play, Steam, and many other gift card brands for Bitcoin instantly. Trades are escrow-protected.

Which countries does PRAQEN support?

PRAQEN supports over 180 countries worldwide including Ghana, Nigeria, Kenya, South Africa, Uganda, Tanzania, Senegal, Ivory Coast, Cameroon, Ethiopia, and many more. Payment methods include MTN Mobile Money, Airtel Money, M-Pesa, bank transfer, and more.

How fast are Bitcoin trades on PRAQEN?

Most trades complete in under 15 minutes. Once the seller confirms payment, Bitcoin is released from escrow instantly. PRAQEN has a 30-minute trade window to keep trades moving fast.

How Escrow Security Works in Crypto P2P Trading

Discover how automated escrow protection safeguards your cryptocurrency and fiat currency during every peer-to-peer trade.

When trading cryptocurrency on a peer-to-peer marketplace, security is the single most important factor. Without a trusted intermediary, buyers fear paying money without receiving crypto, while sellers fear releasing crypto before payment clears.

This is where automated escrow comes in. In this guide, we will break down exactly how escrow security protects both buyers and sellers from fraud and ensures a completely trustworthy trading environment.

What is Crypto Escrow?

An escrow is a secure, neutral digital vault controlled by the platform. When a trade begins, the seller’s cryptocurrency is temporarily locked inside this vault. Neither the buyer nor the seller can access or withdraw the funds while the trade is active.

Step-by-Step: How Escrow Secures a Trade

Trade Creation: A seller locks their crypto into the platform escrow system when an active order is accepted.
Fiat Transfer: The buyer sends the agreed-upon local currency payment directly using methods like [P2P Crypto Payment Methods in South Africa and Uganda](/blog/p2p-crypto-payment-methods-south-africa-uganda).
Verification: The seller checks their bank or mobile wallet to confirm the payment has arrived safely.
Release: Once confirmed, the seller releases the locked crypto to the buyer instantly.

Why Escrow Eliminates Trading Fraud

Escrow completely neutralizes common scam tactics. Because the seller cannot run away with your money once paid, and the buyer cannot steal crypto without sending fiat, both parties are fully protected.

• To understand what fees apply to these secure transactions, check out our guide on [Understanding P2P Crypto Trading Fees & Charges](/blog/p2p-crypto-trading-fees).

• If any dispute arises during a trade, our support team steps in to review payment proofs. Read more about safety practices in [P2P Trading Scams and How to Avoid Them](/blog/p2p-trading-scams-and-how-to-avoid-them).

Locked Vault: Assets are securely held until completion.
Neutral Ground: Fair protection for both buyers and sellers.
Instant Release: Crypto transfers immediately upon confirmation.
Fraud Prevention: Eliminates chargeback and payment scams.
Support Mediation: Dispute resolution available 24/7.

Frequently Asked Questions

Can a seller run away with my money during a trade?

No. The seller’s crypto is locked in escrow before you ever send a single cent of fiat currency.

What happens if there is a payment dispute?

You can open a dispute ticket. Our support team will review transaction proofs and release funds to the rightful owner.

Does escrow cost extra to use?

No, automated escrow protection is built directly into our platform service with transparent, low trading rates.

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