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.

P2P Trading Scams and How to Avoid Them

Protect your funds by learning how to identify common P2P crypto scams, triangle fraud, and fake payment proofs.

Peer-to-peer (P2P) cryptocurrency trading gives you complete control over your assets, but like any financial marketplace, bad actors sometimes try to take advantage of unwary traders. Knowing how scams operate is the best way to keep your capital safe.

In this safety guide, we expose the most common P2P trading scams—such as fake payment notifications, triangle fraud, and chargeback tricks—and show you how to protect every trade.

1. The Fake Payment Proof Scam

Scammers sometimes send a screenshot of a fake bank transfer or a manipulated mobile money SMS text message claiming money has been sent. They pressure the seller to release the crypto quickly before checking their actual bank app.

• How to stay safe: Never rely on screenshots. Always open your official banking app or mobile wallet to verify that the funds have cleared in your account balance before releasing your assets. Learn more about safe transaction protocols in our guide on [How Escrow Security Works in Crypto P2P Trading](/blog/p2p-crypto-escrow-works).

2. Triangle (Triangular) Fraud

In triangle fraud, a scammer acts as a middleman. They trick a third party into paying money directly into your bank account while they receive the crypto into their own wallet, leaving you exposed to a fraud investigation from the victim.

• How to stay safe: Always ensure that the name on the verified P2P platform account matches the name on the bank account or mobile money wallet receiving or sending the funds. Never accept third-party payments.

3. Chargeback and Reversal Fraud

Some traditional payment methods allow users to dispute transactions or request chargebacks. Fraudsters may use these methods to claw back fiat currency after receiving their crypto.

• How to stay safe: Use trusted local payment rails and instant transfer networks that minimize reversal windows, and check platform guides like [Top P2P Crypto Payment Methods in South Africa and Uganda](/blog/p2p-crypto-payment-methods-south-africa-uganda).

Escrow Protection: Keep funds locked safely until verified.
Check App Balance: Always log into your official bank or mobile wallet.
No Third-Party Pay: Reject payments from unverified names.
Stay Vigilant: Never rush a trade under pressure.
Support Ready: Open dispute tickets if anything looks suspicious.

Frequently Asked Questions

What should I do if a buyer sends a fake payment screenshot?

Do not release your crypto. Open a dispute immediately and provide screenshots of the chat to our support team.

Are P2P platforms safe if scammers exist?

Yes. Platform escrow protects you as long as you follow the golden rule: never release crypto until you verify funds inside your own financial app.

Where can I check trading fee policies to avoid hidden traps?

Review our transparent breakdown of platform costs in [Understanding P2P Crypto Trading Fees & Charges](/blog/p2p-crypto-trading-fees).

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