The popular app Bamboo launched in Ghana last week. The app allows users to purchase US stocks in their local currency and add them to their portfolios.
In this guide, we’ll show you how to deposit money into your Bamboo wallet and purchase a stock:
Deposit money in your Bamboo wallet
Firstly, you need to deposit money in your wallet to start buying stocks:
Select the “Deposit” button on the Bamboo Wallet
Enter an amount you want to deposit. (The minimum amount you need to deposit is $10)
Select your payment option: Mobile Money or Card.
You’ll be redirected to a payment page where you’ll confirm your payment details
After you’ve confirmed your payment details, your deposit will be shown as successful
Your deposited amount will then be displayed on your wallet
Purchasing Stocks
After you’ve deposited money in your wallet, you can now buy stocks. Before you can purchase a stock, you’ll need to have your account reviewed before you can purchase stocks.
On the top page, you’ll select the “Buy A Stock” button.
You’ll be asked to fill out a verification form to identify yourself before you can buy a stock.
You can select a featured stock or search for a stock
After you selected a stock, you can purchase it by selecting the “Buy” button
You’ll be presented with options including:
- Buy Now
- Buy When Price Decreases
- Buy When Price Increases
Select the amount of stock you want to purchase
Review your order and select the “Buy” button to confirm
Your order will be reviewed and you should receive a notification after your order has been processed.
When you receive a notification that your order has been processed, you can go back into the Bamboo app and you’ll see the stock you purchased under “My Stocks” and see how it’s trading.
Whew! And that’s it. You officially purchased a US stock using the Bambo app.
