Yellow Card App Review: A Safe Bitcoin Platform in Nigeria (2020).

Yellow Card App Review: A Safe Bitcoin Platform in Nigeria (2020).

Yellow Card is a cryptocurrency exchange that allows anyone from Nigeria to buy, sell and store cryptocurrencies. Using cash, credit card, debit card and bank transfer. Yellow Card also offers merchant services where anyone can become an agent for free and sell cryptocurrencies to their communities. The cryptocurrencies available on Yellow Card are; Bitcoin, Ethereum, Litecoin, Bitcoin cash and Dash.

Summary of Yellow card Review

4.0 Koboline rating

⭐️⭐️⭐️⭐️

Yellow card gets 3.8 stars out of 5 for overall performance. Yellow Card is one of the many crypto exchanges that Nigeria can use. You can use cash, credit card, debit card and bank transfer to pay on the platform. The available cryptos on Yellow coin are bitcoin, Ethereum, Litecoin, Bitcoin Cash and Dash. They also allow you to become an agent/merchant.

Ratings at Koboline are determined by taking into account pricing, discounts, ease of filing a claim, website transparency, financial strength, complaint data from social media.

Is Yellow Card legit and secure?

yellow card bitcoin app

Yellow Card (YC) is owned by Chris Maurice. The company is regulated by FinCEN in the USA/ Yellow Card is also registered with the CAC in Nigeria.

Yellow Card has been in operation since 2016 and it can be confirmed that YC is very legit and secure as it’s one of the top crypto exchanges in Nigeria.

Piggyvest-refer

Yellow Card was also a graduate from Binance Labs incubation program. Binance is the world’s leading cryptocurrency exchange. 

Features of Yellow Card App

Here are some of the features of Yellow card app (platform):

  • You can buy crypto online or from an agent with YC.
  • YC is a distributed system built from the ground up with streamlined security for both customers and agents. The company also uses multi-sig wallets to ensure the safety of its customers’ funds.
  • YC Offers Merchant services (Agent)
  • YC offers multiple payment options to buy crypto on its platform
  • The company also has a referral program

Buying and Sell Bitcoin with Yellow Card Wallet

You can buy and sell bitcoin, ethereum, litecoin, bitcoin cash and Dash with a YC wallet or through a YC merchant.

To  buy crypto on YC follow the following steps:

  • Create an account with YC or login if you’ve already created an account
  • Click on the ‘Buy’ button option
  • Enter the amount of crypto you want to buy.  
  •  Click on ‘Buy Crypto’ option
  • Confirm the details you entered 
  • Click ‘Confirm Purchase’ option
  • Your transaction should be successful and the amount should reflect in your Yellow Card wallet.

To buy crypto from a merchant or agent, take the following steps:

You will need to locate an agent to buy crypto from a YC merchant or agent. You can find a merchant using this map of all the merchants here.

When you locate a Merchant close to you, You just need to tell the merchant how much crypto you would like to buy. The merchant will ask for your phone number, and what method you would prefer.

There are two methods for buying crypto from a merchant:

  1. Top up – you will receive Naira credit in your account.
  2. Crypto purchase – you will purchase cryptocurrency and it will be loaded into your YC Wallet.

Note: If you already have a YC account, you can log in to see your credit or cryptocurrency. If not, you will simply Sign Up for an account with the phone number that you gave to the merchant and you will see your credit or cryptocurrency.

Selling crypto with YC wallet follows the same process as buying on crypto on the wallet.

Yellow Card  Wallet

Yellow Card users are provided with both a Naira and Bitcoin wallet

Your YC wallet is where all of your cryptocurrency is stored. Think of it as a wallet that you keep in your pocket but it is digital. Immediately after purchasing cryptocurrency, this is where you can find it. 

You can see all your cryptocurrencies as well as send and receive cryptocurrency with your Wallet.

ALSO READ: Top Real Estate Investing & Crowdfunding Platforms in Nigeria

Yellow Card Merchant

YC merchants can earn extra cash for themselves by accepting cash and bank payments from customers for Yellow Card PINs and by providing cash-out for customers selling their Bitcoin.

For more details on how to become a merchant. You can visit this page to find out how.

Fees Charged by Yellow Card

Yellow Card fees vary and are dependent on volume (amount of crypto purchased or wallet top-up amount). Here is a breakdown of the fees and charges.

Deposit fees for adding money to your wallet via Bank deposit is free, an instant deposit is ₦50, while for a debit card is 1.5% + ₦100.

Withdrawing from your YC account is ₦100. 

For topping up your YC account through a merchant typically cost from ₦50 to ₦250 depending on how much you’re topping up with.

Selling crypto to a YC Merchant also cost from ₦50 to ₦250. While buying crypto from a Merchant cost from ₦50 to ₦500.

You should Note that the YC deducts its charges from the Merchant’s credit. While the Merchant collects it from the user.

Supported Payment Methods on Yellow Card

Yellow Card supports the following payment options:

  • Cash
  • Bank Transfer
  • Debit/Credit Card

Yellow Card Customer Support and Public Opinion

The YC platform provides its users with a comprehensive knowledge base that answers questions its users might have.

However if you have any further inquiries, you can reach them through these channels; [email protected],  +12512200141 (WhatsApp), Facebook (https://www.facebook.com/yellowcardio/), Twitter (https://twitter.com/yellowcardio), Instagram (https://www.instagram.com/yellowcardio/ , LinkedIn (https://www.linkedin.com/company/yellow-card-financial/), and on Telegram (https://t.me/YellowCardCrypto).

Conclusion

YC is one of the many Crypto platforms for buying and selling crypto in Nigeria. It has been in existence since 2016 and has presence in other African countries. So you can be sure it is a reliable cryptocurrency exchange.

If you’re looking for a crypto platform to sell, hold or buy crypt then you can try out Yellow Card.

Related Posts
Leave a Reply

Your email address will not be published.Required fields are marked *

Become smarter with your money.Get exclusive advice and tips on how to keep and grow your money in Nigeria.

Subscribe to Koboline's newsletter.