Mybitstore is a cryptocurrency trading platform to buy, sell, send, receive and convert cryptocurrencies. Mybitstore offers peer-to-peer trading, over-the-counter (OTC) trading, and business to customer (B2C) trading. Mybitstore currently runs mobile applications on Apple Appstore, Google Playstore and a website. Mybitstore also offers buying and selling of various types of gift cards.
Users can also use a Peer To Peer Platform, which is built on a world-class safe escrow, to inter-trade and set their pricing.
Due to unintegrated payment systems and the lack of payment infrastructure in some countries, most Africans were financially excluded from the global financial market and also do not have complete or any financial freedom hence another reason for the establishment of Mybitstore.
Benjamin Anderson founded Mybitstore in 2018, and it was released in 2021.
The three-year delay between creation and introduction was owing to the complexity of integrating payments from different countries, as well as the lack of international payment systems in some parts of Africa.
By March 2022, it had surpassed established companies to become one of Ghana's and Africa's most popular crypto apps. "The African Crypto Messiah," as he's been dubbed.
2017-2022 Mybitstore arose from Benjamin Anderson's vision of a "desire to bring and educate the African on the power of crypto." Benjamin Anderson, a Ghanaian Business Executive, Philanthropist and Fintech developer pioneered the notion of bringing crypto to Africans through education.
"The majority of people around me didn't comprehend crypto, so I recognized the need to teach them through The Benjamin Anderson Foundation, an NGO I founded.'
Founder of Mybitstore, Benjamin Anderson The transition from the Benjamin Anderson Foundation to a crypto trading app was motivated by the need to provide financial inclusion, freedom and a safer place for Peer-to-Peer exchange of crypto values across the globe.
"A lot of my friends got into crypto, but they lost a lot of money due to frauds and bogus programs."
Benjamin Anderson and Daniel Darko-Chief Technology Officer created the initial Mybitstore prototype, which was used as an internal service by Benjamin's crypto peers. The pilot was successful and that initiated the introduction of the full version in 2021.
"Half the job was done once people realised they could buy and trade bitcoin using mobile money and bank transfers." We realised we'd made something unique." - Darko, Daniel
Benjamin Anderson feels that Mybitstore's success can be linked to a 24/7 customer service strategy implemented by the marketing team.
"The user is the most valuable currency at Mybitstore, and this prioritising of customers has been the single most important component in the Mybitstore brand's success. The Mobile App was designed with the needs of app users in mind, with security features.
Program for Affiliates
Mybitstore offered the option to refer and earn Bitcoin by sharing referral codes in November of 2021. After downloading, users can share a referral code/link with other users, earning BTC on the chargeable transactions of the people with whom they shared the code.
B&FT Online (2021-09-18) Ghana gets Bitcoin trading app with over 250 payment methods Retrieved (2022-04-27) The app, Mybitstore, provides a platform for the buying, selling, receiving and conversion of bitcoin to mobile money and vice versa. It also allows users to convert unused gift cards to bitcoin and bitcoin to gift cards.
MFidie (2021-12-06) How To Sell Bitcoin For Mobile Money In Ghana Retrieved (2022-04-26) Bitcoin and cryptocurrencies in general, have become one of the most talked- about financial subject; a growing number of Ghanaians are interested in purchasing Bitcoin via Mobile also known as MoMo.
Ghana Web (2021-09-24) The Ghanaian tech developer seeking to unite cryptocurrency traders Retrieved (2022-04-26) As the world of cryptocurrency trading is geared towards boosting digital transactions, it's market largely remains decentralised, which means they are not issued or backed by a central authority such as a government.
My Joy Online (2021-09-14) Mybitstore launches trading app with over 250 payment methods Retrieved (2022-04-28) Mybitstore Limited, a Ghanaian tech developer, has introduced an application that enables crypto-currency traders worldwide to trade using its secured escrow system.
C- TEKGH (2021-09-13) Ghana Gets Its Own Bitcoin Trading App Using Over 250 Payment Methods Including Gift Cards Retrieved (2022-04-27) Cryptocurrency is here to stay and just like other nations, Ghana, seeks to tap into the growing demand and use of cryptocurrencies.
YEN (2021-12-06) How to Buy and Sell Bitcoin in Ghana using Mobile Money Retrieved (2022-04-27) The cryptocurrency allows us to send money from one part of the world to another in a secure and instantaneous manner with very low fees. Read more: https://yen.com.gh/business-economy/199031-how-to-buy-bitcoin-in-ghana-using-mobile-money-and-payment-platforms/