How does Yellow Card work? (2024)

Yellow Card is an on-/off ramp where you can buy or sell supported Coins (BTC, ETH, USDT, ADA, SOL, USDC, Matic, XAUt, and cUSD) with your local currency.

As your local on-ramp partner, we offer a secure wallet with which you can send, receive, and store your assets. You gain access to your 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 a Commercial Trader, as detailed below.

Yellow card-supported coins.

Yellow Card offers multiple coins to give our users a wider range of options when managing their digital assets.We aim to provide our customers with greater flexibility, security, and convenience by providing support for multiple digital assets. Each coin has unique features and benefits, and some may be more suitable for specific use cases than others.

For example, some coins may be better suited for fast and low-cost transactions, while others may offer more privacy or security features.

New supported coins

Ethereum ETH

Solana SOL

Cardano ADA

USD Coin USDC

Celo Dollar cUSD

Polygon Matic

Tether Gold XAUt

PayPal-USD

How to buy Coins on Yellow Card?

To buy any of the supported coins 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 coin you want.
4. Enter the amount you want to buy in your local currency, USDT,USDC, USD, BTC, SOL, ADA, Matic, XAUt, and CUSD. Thentap "Next."
5. Review and confirm the details.

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

How to sell Coins on Yellow Card?

To sell coins 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. Tap "Sell" and select the coin you want to sell
3. Enter the amount you want to sell in your local currency, USDT, BTC or USD, and tap "Next"
4. 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 coins 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 coin. You can receive your digital assets in these wallets when other Yellow Card users send you coins or from external wallets.

To receive coins 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 coin you want to receive from your dashboard.
3. Tap "Receive." Copy the wallet address and send it to the recipient. You can also scan the QR code directly from the sending wallet.

Once the coin has been sent and confirmed, it will be reflected in your wallet. You made it!

How to send coins from your Yellow Card wallet?

Follow these steps to send coins 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 coin you want to send from your dashboard.
3. 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.

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 the 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.

How toBecome a Commercial Trader?

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

In order to become a Commercial 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 Commercial Trading team for further assistance.

Thank you for choosing Yellow Card.