Yellow Card is a cryptocurrency exchange in Africa that makes it simple to buy and sell Bitcoin, Ethereum, and Tether at the best rates and with no fees.
Buying cryptocurrency with Yellow Card is simple, and depending on your location, they offer a variety of payment options. Yello Card is currently active in 14 African countries, with plans to expand to additional African countries.
I’ll go over the features of Yellow Card, its use case, how to use the Yellow Card app, how to trade crypto with the Yellow Card app, and other Yellow Card related subtopics in this review.
Let’s get started.
What is Yellow Card?
Yellow Card is a centralized cryptocurrency exchange that makes purchasing cryptocurrency with cash simple. The Yellow Card app allows users to send, receive, and store cryptocurrencies in the Yellow Card secure cryptocurrency wallet, as well as buy, sell, and trade Bitcoin, USDT, and Ethereum with cash.
How Does Yellow Card Work?
Yellow Card is a cryptocurrency platform where users can buy, sell, and trade Yellow Card supported cryptocurrencies with their local currency. Having a Yellow Card account grants you access to sending, receiving, and storing cryptocurrencies.
Users who sign up for Yellow Card gain access to a personal secured crypto wallet with the features listed above. It takes less than 2 minutes to sign up for a yellow card.
Yellow Card Features
Secured Crypto Wallet
The Yellow Card app features a secure cryptocurrency wallet where users can send, receive, and store Bitcoin, tether, and Ethereum.
Peer to Peer Trading
When a user wants to buy or sell cryptocurrency on the yellow card app, they are automatically matched with another yellow card user who is willing to sell or buy crypto. The same is true for Fiat deposits, which can be deposited via P2P.
Free Transfer to Yellow Card Users
Yellow Card users can send Fiat and cryptocurrencies to other Yellow Card users for free by sending them to the phone number registered with Yellow Card.
Yellow Card Account Level and Limits
Yellow Card has different account levels, and the level of your account determines how many transactions you can perform in a day. All account levels on Yellow Card have transaction limits.
The higher your account level, the higher your transaction limits, so it is essential that users who want to transact more than their account limits complete and verify their KYC. Below are the account levels on Yellow Card and their account limits.
Yellow Card Tier 1 Account
- Account Limit: NGN 50,000 Daily
- Requirements: Email Address Verification and Pin setup.
Yellow Card Tier 2 Account
- Account Limit: NGN 2,000,000 Daily
- Requirements: Identity Verification.
Yellow Card Tier 3 Account
- Account Limit: NGN 50,000,000
- Requirements: Account Statement as Proof of income.
Yellow Card Referral
You can earn passive income on your Yellow Card account by referring your friends, family, and colleagues to the Yellow Card app to buy, sell, and trade cryptocurrencies.
Each person you refer to Yellow Card earns you a 20% referral commission on every buy and sell trade they make.
To get your referral link, go to Account and then select “Refer and Earn.” Copy your referral link and share it with your friends and family.
The more people you refer, the more money you make. You can share your referral links on social media platforms such as Facebook, Twitter, Instagram, TikTok, and so on.
Yellow Card Withdrawal
Withdrawal is always available on the Yellow Card app; you can withdraw funds from your local currency wallet or a supported cryptocurrency wallet at any time. Withdrawing from a local currency wallet costs 100 naira, whereas withdrawing from an external crypto wallet is free, but you are charged a network fee for the cryptocurrency you are withdrawing.
Yellow Card Registration
Yellow Card registration is simple, and it takes less than 2 minutes to become a member of the platform. Follow the steps below to create an account.
- Install the Yellow Card App from the Playstore or App Store.
- To create an account, open the app and select “Get started.”
- Enter your phone number without the leading ““.
- Enter the Referral code 95090488.
- After that, click “Next” to continue.
- To proceed, you must have your phone number verified, which you can do by selecting to receive a verification code via WhatsApp, USSD, or SMS
- Provide your email address.
- Enter your preferred password and then click “Done.”
You’ve successfully signed up for a Yellow Card account.
Yellow Card Login
The following are required to log in or sign in to the yellow card app.
- Phone number
- Four Digit Yellow Card Pin
Yellow Card Review
- It is very simple to buy cryptocurrencies using local currency.
- Cash and cryptocurrency transfers are free for Yellow Card holders.
- Fees are very low.
- Features are limited.
- Buying and selling Ethereum necessitates a higher account level.
- Bitcoin, Tether and Ethereum are the only cryptocurrency options.
- Yellow Card has high Bitcoin miner fees.
Is Yellow Card Legit or Scam?
Yellow Card is a rapidly growing cryptocurrency exchange in Africa, with branches in over 14 African countries and headquarters in Atlanta, Georgia, USA. Yellowcard is not a scam platform; it is registered in Nigeria with the C.A.C (Corporate Affairs Commission) under the company name “Yellow Card Financial Nigeria Limited” and the Business Registration number RC – 1502209.
If you want to buy, sell, or store cryptocurrencies, Yellow Card is a safe and secure platform to use. Please ask any questions you may have in the comments section below. Thank you for taking the time to read this.