How does Yellow Card work?

Yellow Card is a cryptocurrency exchange on which you can buy or sell supported cryptocurrencies (BTC, ETH and USDT) with your local currency. 

As your local on-ramp partner, we offer a secure cryptocurrency wallet with which you can send, receive, and store your assets. You gain access to your crypto wallets once you sign up for a Yellow Card account. Hey! Please don’t panic; it’s easy ;) In addition, once your account is created, we offer a seamless and secure way to send and receive money across African borders instantly through Yellow Pay. Finally, we also offer the possibility of becoming an OTC Trader, as detailed below.

Please note that to have a Yellow Card account, you must be 18 years old at the time of account creation. After creating your account, please start your KYC verification as soon as possible to enjoy all the advantages our platform provides.

How to buy cryptocurrency on Yellow Card?

To buy any of the supported cryptocurrencies on Yellow Card, follow these simple steps:

  1. Sign up for a Yellow Card account or log in to your account if you are an existing user.
  2. Fund your local currency wallet using your preferred payment option. (here's how to fund your wallet).
  3. From your dashboard, tap "Buy" and select the cryptocurrency you would like to buy.
  4. Enter the amount you want to buy in your local currency, USDT, BTC or USD, and tap "Next."
  5. Review and confirm the details.

Once you confirm the details, your wallet will be instantly credited with the tokens you just bought.

How to sell Cryptocurrency on Yellow Card?

To sell cryptocurrency on Yellow Card, follow these steps:

  1. Sign up for a Yellow Card account or log in to your account if you are an existing user.
  2. Select the cryptocurrency you want to sell from your dashboard.
  3. Tap "Trade" and select "Sell." 
  4. Enter the amount you want to sell in your local currency, USDT, BTC or USD, and tap "Next"
  5. Review and confirm the details.

Once you've confirmed the details, your local currency wallet will be instantly funded. You can withdraw the money in your local currency wallet to your bank account or exchange it for cash anytime.

How to receive cryptocurrency into your Yellow Card wallet?

Once again, we have made it easy for you. Once you create a Yellow Card Account, a wallet is auto-generated for each supported cryptocurrency. You can receive cryptocurrency into these wallets when other Yellow Card users send you tokens or from external wallets.

To receive cryptocurrency in your Yellow Card wallet, follow the following steps.

  1. Sign up for a Yellow Card account or log in to your account if you are an existing user
  2. Select the cryptocurrency you want to receive from your dashboard.
  3. Tap "Trade" and select "Receive." Copy the wallet address and send it to the person sending you the crypto tokens. You can also scan the QR code directly from the sending wallet.

Once the cryptocurrency has been sent and confirmed, it will reflect in your wallet. You made it!

For your security, ensure to only send the correct crypto token to an address so as not to lose your cryptocurrency permanently.

How to send cryptocurrency from your Yellow Card wallet?

Follow these steps to send cryptocurrency from your Yellow Card:

  1. Sign up for a Yellow Card account or log in to your account if you are an existing user
  2. Select the cryptocurrency you want to send from your dashboard.
  3. Tap "Trade" and select "Send."
  4. Enter the amount you want to send in your local currency, USDT, BTC or USD, and tap "Next"
  5. Select the destination you want to send the crypto tokens to. You can send it to another Yellow Card user using the "Wallet Address" or "Phone Number" options. You can also use the "Email Address" option to send to another Yellow Card user or an external wallet.
  6. Input the preferred destination - the receiver's wallet address, phone number, or email address.
  7. Review and confirm the details.

If sending Bitcoin to an external wallet, you can set Priority Level. Miner's fee varies by Priority, which determines how long your transaction takes to be confirmed and added to a block.

How to send money through Yellow Pay?

To send money with Yellow Pay, follow these steps:

  1. Sign up for a Yellow Card account or log in to your account if you are an existing user
  2. On the homepage, select "Pay" then "Send."
  3. Select the area code, enter the recipient's phone number, and tap "Check phone number."
  4. Ensure that your recipient has a verified Yellow Card account to proceed to the next steps. If your recipient does not have a verified Yellow Card account, you can send an invitation. Tap "Invite them." Once they have created the account and completed the verifications, you can continue with steps below. Also note that you cannot send money to yourself.
  5. Enter the amount you would like to provide. Below, you will see the amount they will receive in their local currency. Select " Next" to continue.
  6. Select the reason for sending from the suggested list. You also have the choice to select " Other" and then specify your reason in the space at the bottom of the page. Select "Next" to continue.
  7. Review the transaction details, then "confirm" if everything is in order.
Disclaimer: Yellow Pay uses Yellow Card's crypto exchange platform to complete customer transactions in USDT. Yellow Pay is not a money remittance or foreign currency exchange service

How to become an OTC Trader?

Have you ever thought about trading freely without major constraints? Yes, probably. This is possible with OTC. 

In order to become an OTC trader, you would first have to commit to trading high volumes per trade. This would entail a minimum of $50,000 USDT. Once you are willing to commit to the minimum trade volumes, Yellow Card would need to receive your email address as well as country information. From there, you would go through an onboarding process, in which, we will send onboarding documents to fill out. Lastly, you would be required to complete all KYC documentation for the individuals as well as all businesses.

Please note however, for now, all sales of USDT in Nigeria are done online, regardless of volume. Contact our OTC team for further assistance.

Thank you for choosing Yellow Card.

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