As the world grows into real digital, more e-currency investors keeps evolving. The crypto world is now getting more attention than ever before. We already have an article that talks on how to buy and sell Bitcoin on Luno and now we have another exchange platform to gist you. Some investors are complaining about the charges on Luno, well, this could be a better option for them.
Though we have different alternative to Luno exchange like using blockchain, NairaEx, and a lot of them around. However, we are going to discuss exclusively on YellowCard.io an alternative to Luno exchange.
YellowCard is a cryptocurrency exchange that allows you to Buy, Sell & Store your crypto. Founded in 2016 in the USA by Chris Maurice, a crypto enthusiast, and entered into the African Market in 2019.
You can buy and sell bitcoin instantly, Fund your account with bank transfer with zero charges, Cash-out to your bank account and receive it instantly. No more waiting for your money.
How To Register For A YellowCard Account
1. First off, sign up for a new account HERE.
2. Now, type in your valid mobile number and password. You’ll receive an OTP code on your registered mobile number. Enter the OTP to login to your YellowCard account.
3. The next thing to do is to verify your account to Tier 2 because your daily limit is N20,000. But with tier 2, your limit is N2M.
- To see your daily limit, click on “Limit” to confirm.
- To upgrade, Enter your BVN to verify your account or upload a valid doc to verify your account (Note, your BVN doesn’t give them access to your Bank account, it’s just in case of fraud)
In most cases, upgrading to the next tier takes about 30 – 60 min. But allow it up to 24hours.
How to Deposit Into YellowCard
Yellow Card allows you to fund your account with bank transfer, cash, and credit card. The availability of payment methods depends on country.
Using Bank Deposit: Click on Deposit and it will generate a virtual YellowCard bank account number for you where you can deposit your buck.
Step 1: Copy the bank account generated, open your bank mobile app
Step 2: Scroll down to Providus bank and enter the account number.
Step 3: You should see your name attached to the account. Make sure you verify before hitting on the send button.
Your cash will appear on your YellowCard account after deposit.
How To Buy Bitcoin on YellowCard
Step 1: Click on “Buy” from your dashboard
Step 2: Enter the amount in Naira, and you should see the bitcoin equivalent.
Step 3: Click to continue to get your bitcoin.
But if you are in places like Lagos, you can simply walk into their store and request for a YellowCard Pin.
How to Sell Bitcoin on YellowCard
Just the same way it is easier to buy, it is also easy to sell on that platform.
Step 1 : Click on the “Sell” button and select how you wish to sell your currency.
Step 2: Click on ‘Sell on Platform’
Step 3: You will input the amount you want to sell and click on ‘Continue’
Step 4: Confirm the details you entered and click ‘Continue’. The fiat equivalent is then sent to your wallet
How To Withdraw From YelloCard To Bank Account
Step 1: Click on Withdraw
Step 2: Enter the amount you want to withdraw
Step 3: Carefully enter your bank account details and hit the next button to process your withdrawal.
Charges are pretty low on this exchange compare to the Luno exchange.
Currencies Supported By YellowCard
Cryptocurrency: As at the time of writing, YellowCard supports only Bitcoin. Other cryptocurrencies are expected to make their ways there later.
Fiat: The fiat currencies supported are NGN, ZAR, BWP, and USD.
Countries With YellowCard Operations
YellowCard is currently available in Nigeria, Botswana, South Africa, Namibia, Lesotho, and Eswatini.
Customer Care Support
Share your thoughts or experience about the exchange platform with us via the comments.