If you are in need to know all about Yellow card cryptocurrency and its services, this post review on Yellow card helps you understand better.
Yellow Card is a legit and secure cryptocurrency platform, approved by FinCEN. As a crypto broker, Yellow card is safe to use and makes it easy to trade Bitcoin, Ethereum and Tether. Also, withdrawal is fast when you need your money.
This post is about the Yellow card review, a cryptocurrency platform and not into sports as the name suggests.
The review of Yellow Card shows it is a cryptocurrency platform where users can trade Bitcoin, Ethereum and other cryptos in Africa with easy deposit and payment methods.
When cryptocurrency became mainstream, it brought about the launch of many crypto exchanges and brokers.
Basically, they all offer individuals the platform to trade cryptocurrency. So it can be tough to know which one has better products and services.
Therefore, this review will give you insights into what the Yellow card app is about. If indeed, It is simple and offers the best rates.
What is Yellow Card?
Founded in 2016, Yellow Card is a cryptocurrency platform for buying, selling and managing crypto coins. Indeed, the Yellow card has influence in Africa, covering over 13 countries and ‘enabling financial inclusion for all’.
An app that has competitors must necessarily have a competitive advantage in order to stand out. Hence, my review on the Yellow card (web and app version) shows it is easy to use and offers low fees.
In fact, depositing funds up to a certain amount is free, which you won’t find in other crypto exchanges.
Is Yellow Card App Legit?
Yellow card is a legit cryptocurrency platform registered under FinCEN in the USA. Also, the company is licensed to operate in all African countries it is present such as Nigeria, South Africa, Ghana, Uganda, Kenya, and Cameroon.
How Yellow card Works
Yellow card is a crypto site, so it works by offering individuals a platform to trade major crypto coins – Bitcoin, Ethereum and Tether – at good rates and an easy payment method in one’s local currency.
Whether on the website or mobile platform, you can sign up, deposit and start trading in a few minutes.
How to sign-up for an account on Yellow Card
Here is how to sign up on Yellow card and start using the crypto platform for trading:
- Firstly, Click this link to sign up on the Yellow Card Website.
- Next, select your Country of residence from the list.
- Then, enter your personal details. Full name, nickname and Date of Birth.
- Enter your new login details. Phone number and strong password.
- Lastly, enter your email address, take a selfie and finish up the sign-up process
How to Deposit Funds to your Yellow Card Wallet Account
Indeed, On the Yellow Card, you have to deposit money into your wallet to start trading crypto. Here is how to add cash to your wallet account
- Firstly, open the Yellow app or log in to the web platform.
- Then, tap on Deposit.
- Thereafter, select the payment method.
- Next, enter the deposit amount and tap continue.
- If it is Peer to peer bank transfer, you will tap Find a Match in the next section.
- A match will be given to you. Copy and send the amount to the account number. Enter your phone number in the transaction description when sending the money as this is your reference code to receive your fund.
Lastly, tap I’ve completed the transfer. The money will reflect in your wallet within some minutes.
Yellow card minimum deposit in Nigeria is 500 Naira through Peer to peer Bank Transfer with zero transaction fee.
Yellow Card Cryptocurrency Trading
Based on the review so far, Yellow card can be seen to offer these products and services for the customers:
1. Buy and Sell Cryptocurrencies
The Yellow card is a popular crypto site where you can buy and sell cryptocurrencies. Trading crypto on this platform is fast and easy.
Presently, Bitcoin, Ethereum and Tether are the crypto coins available for trading on the Yellow card. This means it is mainly suitable for two sets of individuals.
- A beginner in cryptocurrency who wants to start trading with top coins.
- A person who wants to invest or buy and keep their crypto for a long time.
2. Send and Receive Cryptocurrency
Another key thing you can do on the Yellow card is to send and receive cryptocurrency. You can send and receive Bitcoin, Ethereum and Tether on Yellow card.
Sending and receiving crypto between 2 users of the Yellow card can easily be done without asking for the recipient’s wallet address. All that is needed is a phone number or an email address attached to the account.
3. Deposit and Withdrawal
Of course, to start trading on the Yellow card, you will need to make a deposit unless you receive crypto coins. So also you will certainly need to make a withdrawal later on.
All these are possible on the Yellow card with low fees.
In fact, peer-to-peer bank deposit is free up to a certain amount on the Yellow card app. While withdrawals attract a low fee depending on your country.
Yellow Card Wallet
The Yellow card wallet is where all the cryptocurrency transactions take place. Hence, the wallet consists of:
- Local wallet
- Bitcoin Wallet
- Ethereum Wallet
- Tether Wallet
1. Local wallet
The local wallet is where you deposit and withdraw your local currency funds. Also, it is this fund you will use to buy your preferred crypto coin on the app.
2. Bitcoin Wallet
This is where you can buy, sell, send and receive Bitcoin. Additionally, you can copy your Yellow card Bitcoin wallet address.
3. Ethereum Wallet
This is where you can buy, sell, send and receive Ethereum. Also, you copy your Yellow card Tether wallet address.
4. Tether Wallet
This is where you can buy, sell, send and receive Tether. Also, copy your Tether wallet address too.
Yellow Card Crypto Over The Counter
The yellow card also provides exclusive service for individuals or companies who want to buy or sell cryptocurrencies for over $50,000. Crypto over-the-counter gives access to very competitive rates, reduced trading costs and so on.
Therefore, If you are in this category and want to enjoy this offer, you will need to fill out an online form to get started.
Get the full details on OTC and sign up here
Yellow card Academy
Cryptocurrency is a new and wide topic. For a beginner, it can be like an ocean, tough to navigate and scale through. This is why the Yellow Academy is created to enable you to learn about blockchain, cryptocurrency, and financial literacy.
The topics range from beginner to advanced level. Therefore, there is something you can learn at wherever stage you belong to.
Yellow Card Supported cryptocurrencies
Currently, the Yellow card supports only 3 cryptocurrencies namely:
- Bitcoin.
- Ethereum.
- Tether.
Yello Card Fees Review
Yello card charges a fee of 100 Naira on deposits and withdrawals but it is free up to 50,000 Naira. Below is the breakdown of the fees.
1. Exchange rates
| Exchange Rate | South Africa | Nigeria | Ghana | Kenya | Uganda |
|---|---|---|---|---|---|
| Buying crypto | ZAR 15.71 / USD | N580 / USD | GHS 6.67 / USD | KES 120.95 / USD | UGX 3517.8 / USD |
| Selling crypto | ZAR 15.65 / USD | N568 / USD | GHS 6.52 / USD | KES 119.25 / USD | UGX 3475.86 / USD |
Please note that the exchange rate fee may change at any time.
2. Deposit
| Deposit Method | Nigeria | Kenya | Tanzania | Uganda | Cameroon |
|---|---|---|---|---|---|
| Yellow PIN | Free | Free | Free | Free | Free |
| Standard Bank Transfer | Free up to NGN50,000 | Free | Free | Free | Free |
3. Withdrawals
| Withdraw Method | Nigeria | Kenya | Tanzania | Uganda | Cameroon |
|---|---|---|---|---|---|
| Cashout Voucher | Free | Free | Free | Free | Free |
| Standard Bank Withdraw | – | 80 KES | 15000 TZS | 3000 UGX | 200 XAF |
| Instant Voucher | – | 100 KES | 9000 TZS | – | 20 XAF |
Check the full Yellow card fees for all countries here
Yellow card supported countries
Currently, the Yellow card is present in the 17 countries listed below.
| Nigeria | South Africa | USA |
| Kenya | Ghana | Cameroon |
| Tanzania | Botswana | Uganda |
| Rwanda | Malawi | Cote d’Ivoire |
| Republic of Congo | Gabon | DR-Congo |
| Zambia | Senegal |
Supported Fiat currencies
As the Yellow card is present in these 17 countries, so also it supports each country’s currency.
| Nigerian Naira | South Africa Rand | USA Dollar |
| Kenyan Shilling | Ghanaian Cedi | Cameroon CFA Franc |
| Tanzanian Shilling | Botswana Pula | Uganda Shilling |
| Rwandan Franc | Malawian Kwacha | Cote d’Ivoire CEFA |
| Republic of Congo CFA Franc | Gabon CFA Franc | DR-Congolese Franc |
| Zambian Kwacha | Senegal CEFA |
Yellow Card Payment methods
The payment method available on the Yellow card are:
- Bank Account Transfer
- Mobile Money (MOMO)
- Yellow card PIN
- Credit/Debit card
Your country of residence will determine which one or how many Yellow card payment methods would be available. In short, Yellow card provides easy ways to deposit money into your account or withdraw.
Yellow Card Limits and Verification Requirement
On the Yellow card, there are 3 levels/tiers. Indeed, each of these levels has a limit and its verification requirement.
Initially, when you sign-up on the Yellow card and verify your phone number and email, you will be in Tier 1 which has a specific limit on crypto trading. To move up, you have to supply the necessary requirement.
Each country has a different level limit but a similar verification requirement. For instance, for a Nigeria user, the level limit and requirement are as follows:
| Level | Nigeria | Verification Requirement |
|---|---|---|
| Tier 1 | 50,000 naira | Phone Number Full Name Date of Birth |
| Tier 2 | 2,000,000 naira | Government Issued ID Proof of Residential Address Proof of source of funds (Bank statement) |
| Tier 3 | 50,000,000 | NIN Bank statement Proof of Occupation/Business Employer’s Address/Business Address |
Check your own Yellow card country’s verification requirement here.
Alternatively,
- Firstly, open your Yellow card app.
- Then, go to profile.
- Next, tap verify identity > verify identity.
- Then, you will see the level you are at and the requirement for the next tier.
Yellow Card Benefits and Drawbacks
| Benefits | Drawbacks |
|---|---|
| Easy sign-up | Limited Crypto coins |
| Beginner-friendly | Customer care issue |
| Low fees | |
| Competitive crypto coins rates | |
| Easy Payment methods |
How to Buy and Sell Bitcoin, Ethereum or Tether on Yellow Card
On Yellow Card, below is how to buy and sell Bitcoin, Ethereum or Tether. This is an easy guide to start trading on the crypto site.
- Firstly, open the Yellow app or log in to the web platform.
- Next fund your local currency wallet. Assuming you have not funded your wallet before.
- Thereafter, tap Bitcoin, Ethereum or Tether in your wallet dashboard.
- Then, tap Trade.
- Next, choose Buy from the option.
- Enter either the amount of the crypto(Bitcoin, Ethereum or Tether) coin, Dollars or your local currency. You can tap the switch icon to do this.
- Lastly, review and make payment. Your crypto coins will reflect in your wallet instantly.
- To sell crypto on Yellow Card, tap Bitcoin, Ethereum or Tether in your wallet dashboard.
- Then, tap Trade.
- Thereafter, choose Sell from the option.
- Enter either the amount of the crypto(Bitcoin, Ethereum or Tether) coin, Dollars or your local currency. You can tap the switch icon to do this.
- Lastly, review and confirm the transaction.
How to withdraw money from your Yellow Card Account
On the Yellow card, below is how to withdraw your money:
- Open the Yellow app or log in to the web platform.
- Then, go to your profile and add your bank account.
- Thereafter, tap on Withdraw.
- Next, select the payment method.
- Then, enter the amount to withdraw and tap continue.
- If it is Peer to peer bank transfer, you will tap Find a Match in the next section.
How to Send Bitcoin, Ethereum and Tether on the Yellow Card
On the Yellow card, follow these steps to send Bitcoin, Ethereum and Tether to a yellow card user or an external wallet:
- Open Yellow app or login to the web platform.
- Thereafter, tap Bitcoin, Ethereum or Tether in your wallet dashboard.
- Then, Tap Trade.
- Thereafter, choose Send from the list.
- Enter either the amount of the crypto(Bitcoin, Ethereum or Tether) coin, Dollars or your local currency. You can tap the switch icon to do this.
- Next, select the crypto destination. To a Yellow user, use either the phone number or email address. To an external user, use the wallet address option.
- Next, enter the details of your chosen destination. For instance, either the phone number, email address or wallet address.
- Lastly, review and confirm the transaction.
How to Receive Bitcoin, Ethereum and Tether to your Yellow Card Wallet
Do you want to use your Yellow card wallet to receive Bitcoin, Ethereum or Tether from someone? Follow these steps on how to receive it:
- Open the Yellow app or log in to the web platform.
- Thereafter, tap Bitcoin, Ethereum or Tether in your wallet dashboard.
- Then, Tap Trade.
- Thereafter, choose Receive from the list.
- You will see your wallet address here. Tap to copy or use the QR code.
- Lastly, send the wallet address to the external sender. If the sender is a Yellow card user, send your phone number or email address.
Yellow Card Alternatives
Based on the review so far, some of the Yellow card alternatives are:
- Binance
- Bundle Africa
- Paxful
FAQS
Yellow card is a legit wallet and a crypto exchange registered under FinCEN in the USA.
Also, the company is licensed to operate in all its present countries of Africa such as Nigeria, South Africa, Ghana, Uganda, Kenya, Cameroon and so on.
The yellow card platform is safe and secure, using the latest security measures to safeguard its customers. Likewise, 2FA is available to prevent unwanted access to users’ accounts. Also, its wallet is of industry standard in terms of security. However, be security conscious and keep your password private.
Yes, Yellow card works in Ghana, Uganda and some other 12+ countries including Botswana, Senegal, Zambia, Congo, Gabon, Rwanda and so on.
Yellow Card is not only a Bitcoin wallet. When you open an account on Yellow Card, you have Bitcoin, Ethereum and Tether wallet addresses which store your coins can also be used to receive funds from an external wallet
Yellow card minimum deposit in Nigeria is 500 Naira through Peer to peer Bank Transfer with zero transaction fee.
Final Thoughts: Yellow Card Review
Yellow Card is a trusted cryptocurrency platform in Nigeria and Africa at large. The ease, best crypto coins rate, bonus, multiple payment options and security are reasons why Yellow card is one of the best crypto platforms in Africa.
Despite all these positive remarks, for now, the Yellow card is not for those who want to trade in different coins rather than being limited to just 3 crypto coins. However, I hope more coins will be added later.
So, for those who like to keep things simple, the Yellow card might just be the right crypto exchange for you.
Therefore, try it and let me know your experience.
Lastly, let me know your opinion by dropping comments below.
PS
Some of the posts you may find helpful
It’s a good review