Gone are the days when cryptocurrency was stressful to buy and sell and highly sought after due to rigidity. Nowadays, you can buy bitcoin in Nigeria with your smartphone within a few minutes. Yellow Card is one of Nigeria’s leading cryptocurrency platforms that allows its users to buy, sell, and trade cryptocurrency at zero fees seamlessly. Basically, the digital infrastructure enables you to access and trade your favorite cryptocurrency.
An Overview of Yellow Card
Yellow Card is the easiest and fastest way to purchase and sell cryptocurrency at the best rates with zero trading fees. In simple terms, this company provides you with a platform that allows you to buy and sell a variety of cryptocurrencies.
The crypto-based company was founded in the US by Chris Maurice and his team in 2016. In 2019, the exchange decided to venture into the African crypto market and so far, the platform has been launched in over 8 African countries.
What Services does Yellow Card offer?
The cryptocurrency platform offers the following services:
1. Buy Cryptocurrency
This is the major service the platform offers you. Basically, this feature gives you the option of either buying cryptocurrency from the platform or from a local agent near you.
2. Sell Cryptocurrency
You can also sell your cryptocurrency on the platform. This feature allows you to become a cryptocurrency seller on the platform and make cool cash. However, you can only sell to other users.
3. Bitcoin Wallet
The platform provides you with a digital Naira and Bitcoin wallet. With this wallet, you can purchase and sell cryptocurrency on the platform. Basically, it’s like a digital store for both your money and cryptocurrency.
Also, read more on All You Need to Know About Investing in Bitcoin (BTC).
How can I register on Yellow Card?
If you want to register on Yellow Card, follow the steps below:
1. Visit their official website, www.yellowcard.io
2. Next, click on “Get Started”
Input your details and click on sign up. Also, you can download the app and just follow the same process there.
How can I Start Trading Crypto on Yellow Card?
To start your cryptocurrency trading journey, follow these steps:
1. Create an account
2. Fund your digital wallet
3. Buy or sell Crypto
How can I buy Cryptocurrency on Yellow Card?
Basically, there are two ways that you can buy cryptocurrency on this platform. They include:
a. Buying cryptocurrency directly from the platform
To buy cryptocurrency from the platform, follow the steps below:
1. Create an account and login to your account.
2. Next, deposit funds into your digital wallet.
3. Thereafter, click on ‘Buy Cryptocurrency’
4. Input the amount you want to purchase either in BTC or fiat and then click on ‘Review and Confirm’
Lastly, Cross-check the details of your transaction and click on ‘Pay’. After this, your bitcoin wallet gets credited instantly.
b. Buy cryptocurrency from an Agent
The platform has local stores across the country where you can buy bitcoin. This is how to purchase cryptocurrency from their local store:
1. Go to the platform’s home page and click on ‘Find a local store’.
2. Next, enter your current location in the field provided and the platform will give you a list of local stores near you.
3. Choose your preferred store and contact the agent.
4. Thereafter, go to the store physically and pay for the bitcoin that you wish to purchase.
Once this is successful, the seller will give you a pin with which you can use to purchase bitcoin on the platform.
How can I sell Cryptocurrency on Yellow Card?
Here is how to sell your cryptocurrency on this platform:
1. First, Login to Yellow Card and tap ‘Sell Cryptocurrency’ on your dashboard.
2. Next, input the amount of Bitcoin you wish to sell and tap on ‘Review and Confirm’
3. Thereafter, cross-check the details of your transaction and touch ‘Sell’.
Once this is successful, the platform sends the fiat equivalent to your wallet
What are the transaction fees on Yellow Card?
Your transaction fees depend on your country and the type of transaction you want to make (either deposit or withdrawal). Also, another major factor is the method you want to use to make your deposit. Here’s a rundown of the transaction fee for Nigeria:
a. For instant bank transfers you pay a token of 50 NGN while for debit cards you pay a token of 1.5% + 100NGN.
b. Other deposit methods attract zero fees. On the other hand, if you want to withdraw using instant withdrawal, it attracts 100 NGN.
What is the transaction limit on Yellow Card?
The transaction limit depends on your level of verification.
For Tier 1, your limit is 20,000
Tier 2, your transaction limit is 2,000,000
Tier 3, your transaction limit is 50,000,000
What documents do I need to register and verify my account on Yellow Card?
Here’s a rundown of all the documents you need for verification:
Firstly, for Tier 1, you need your Name, Phone Number, Email Address, as well as your Date of Birth
Tier 2, you need to do either your BVN Verification or Document Verification
Finally, for Tier 3, Just upload a Proof of Residency and a picture of your government-issued ID
How can I download the Yellow Card app?
To download the mobile application, do this:
1. Take your Android phone and open Google play store. However, if you use an iOS device, just go to the App Store.
2. Search for ‘Yellow Card’ in the search bar
Download the app, create your account, fund your wallet and buy cryptocurrency.
How can I contact Yellow Card?
You can contact Yellow Card via the following ways:
Email Address: email@example.com
Phone Number: +12512200141 (WhatsApp)
Yellow Card is primarily a platform that enables you to easily buy, sell, and trade cryptocurrency. Basically, the platform is user-friendly and has a seamless interface to facilitate easy transactions. In essence, this platform is trusted, secure, and reliable enough for you to entrust your cryptocurrency tradings.