Yellow Card is a cryptocurrency exchange that offers the safest way to buy and sell bitcoin and also other cryptocurrencies. This post explains how to use Yellow Card, how to buy crypto, how to sell, the supported cryptocurrencies, eligible countries, and many more.
What is Yellow Card and how does it work?
Yellow Card is a cryptocurrency exchange service that provides a secure way of buying and selling bitcoin and other cryptocurrencies. With Yellow Card, you can also send, receive and store your crypto.
This is made possible by a bitcoin wallet available on the Yellow Card service. Yellow Card is one of the easiest ways to buy and sell Bitcoin, Ethereum, and Tether cryptocurrencies at the best rates.
Is it safe to use Yellow Card?
Yes. It’s safe to use Yellow Card for cryptocurrency exchange and transactions. Yellow Card is regulated by FinCEN in the USA. It’s also regulated and accredited in each country it operates.
Aside from that, more than 500,000 people have downloaded the Yellow Card mobile app. So far, no one has sued or claimed to be defrauded by Yellow Card.
Yellow Card Supported Countries
Yellow Card is currently supported in 16 countries. 4 in East Africa, 4 in West Africa, 4 in Central Africa, and 4 in Southern Africa.
Kenya
Rwanda
Tanzania
Uganda
Senegal
Gabon
Ghana
Nigeria
Zambia
Malawi
Botswana
Cameroon
Côte d’Ivoire
South Africa
DR of the Congo
Republic of the Congo
Yellow Card Supported Cryptocurrencies
There are 3 supported cryptocurrencies on Yellow Card at the moment of writing this article.
Bitcoin
Ethereum
Tether (USDT)
The Bitcoin option is automatically available for all users. Ethereum and Tether are available to users based on their Tier and other factors.
Yellow Card mobile app download
Before downloading the app, click here to register. Then you can download the Yellow Card mobile app from the Google Play Store (if you are using an Android device).
Users with iOS devices can also download Yellow Card from the Apple App Store.
How to deposit money from your local bank account into your Yellow Card wallet
You can deposit money into your Yellow Card wallet through any of the 10 fiat currencies supported by Yellow Card.
The 10 fiat currencies supported by Yellow Card are listed below.
Nigerian Naira
Kenyan Shilling
CFA Franc
Tanzanian Shilling
South African Rand
Botswana Pula
Ugandan Shilling
Zambian Kwacha
Ghana Cedi
Rwandan Franc
Follow the steps below to deposit money into your Yellow Card wallet
Log in to your Yellow Card Account (Either on the app on through a browser)
From your dashboard, press the “Deposit” button
Although it varies based on your location, there will be multiple payment methods available to you
Input the amount you want to deposit and complete the transaction
How to buy cryptocurrency on Yellow Card
Buying cryptocurrencies on Yellow Card is very fast and simple. You just have to follow the steps below.
Create your Yellow Card account or log in if you are an existing user
Deposit money into your local currency wallet
From your homepage, select the cryptocurrency you will like to buy. It can be Bitcoin, Ethereum or USDT
Click on “Buy” and input the amount of crypto token you want to buy
Cross-check and confirm the details
After the purchase is authorized your wallet will be credited with the tokens you paid for.
How to sell cryptocurrencies on Yellow Card
If you want to sell cryptocurrency on Yellow Card, kindly follow these steps.
From your dashboard, click on the cryptocurrency you want to sell
Click on the “Sell” button and input the amount of the crypto tokens you want to sell
Cross-check and confirm the details
Provide your security pin to authorize the transaction
Once the transaction has been authorized, your local currency wallet will be credited with the exact amount. You can always withdraw the money in your local currency wallet to your local bank account at any time. You can also use it to buy cryptocurrencies.
How to send cryptocurrency from your Yellow Card wallet
If you want to send cryptocurrency to another user on Yellow Card or another crypto wallet, follow the steps below.
From your dashboard, click on the cryptocurrency you want to send
Select the destination you want to send the crypto tokens to. This can be another Yellow Card user or a third-party crypto wallet
If it’s another Yellow Card user, use the “phone number” or “email address” options
If it’s a third-party crypto wallet, you should use the “wallet address” option
Whichever one you want to use, provide the correct details
Enter the amount of cryptocurrency you want to send to the receiver and confirm
Provide your security pin to authorize the transaction
Yellow Card Priority Level
The Yellow Card priority level is what determines how long it takes for your transaction to be confirmed and executed.
If you’re sending Bitcoin to an external wallet, you can set the priority level to your preference. Generally, the Miner’s fee varies by priority.
Yellow Card service charges: How much does Yellow Card charge per transaction?
Yellow Card charges a very small service fee per transaction. Since it’s different for every country, you should see the full list of Yellow Card service charges for each country here.
