It’s not easy to find the right crypto wallet to use for all of your cryptocurrency transactions if you’re just new in the business as there are lots of bitcoin wallets available on the internet for you to use.
There you have the popular type of wallets named; Luno, Busha, Roqqu, even Patricia, but some of these crypto wallets tend to rip you off when you make a transaction on their app. Be it a web app or mobile app.
I have been fortunate enough to have tried as many crypto wallets available, and thus far, I’ve discovered that Yellow Card is the best option for anyone to use right now.
It’s still good to know that many people who are experts in cryptocurrency would disagree with me on my choice for a crypto wallet, yes that’s fine as I’m no expert myself. I’m only trying to give some newbies like me an excellent option that they can use to store, buy & sell crypto.
I have recommended other crypto wallets (names mentioned above) to people in the past, and I’ve been disappointed by how they all turned out to be after using them for some time. Luno charges are too much when you try to send crypto to a recipient, the same goes for Busha, Roqqu & Patricia fees are fair enough, but Yellow Card happens to be the right crypto wallet you have been looking for a very long time.
Why you should use Yellow Card
- Zero trading fees.
- 24/7 support.
- Buy & sell cryptocurrency your way.
- Multiple currencies are available.
- Easy sign-up.
Why you would love Yellow Card is their low-fee charges when sending crypto to someone. Recently, I compared the transfer fees between Busha and Yellow Card, and can you believe that Busha charged me NGN 2,000 for an NGN 8,000 crypto transaction while Yellow Card charged me roughly NGN 500 for a NGN 23,000 crypto transaction?
I thought it was crazy until a friend also complained about Luno charging her the same thing as Busha did to me for an NGN 8,000 crypto transaction. Why face all this stress when you can use Yellow Card with low transfer fees?
Asides from the low transfer charges on Yellow Card, you can buy and sell bitcoin instantly, fund your account with bank transfer with zero fees, cash-out to your bank account and receive it immediately.
How to get started on Yellow Card
Click here to get started, and on the next page, fill in all the details as it appears on your government issued ID. The information you need to provide is your First Name, Last Name, Date of Birth, Phone Number, and Email. You can enter this as your Invite code – 87984179.
After clicking the “Sign Up” button, you will be taken to an SMS verification page. You will receive a text message with a 6-digit PIN. Enter the PIN to verify your phone number and create your account. If you do not receive an SMS, please click verify with WhatsApp or USSD.
Now the sign-up process is complete; the next thing you need to do is to increase your account’s daily limit because the daily limit for all newly created accounts is NGN 20,000. The limit can be increased to 2 million Naira when you upgrade to tier 2.
To increase your account limit, log in to your account, and click the Limits button. On the next page, you will see all of your information and what tier your account is. Your remaining daily and monthly limit are displayed. To increase your daily and monthly limits, input the information required for each level. Once you raise your limits, you can buy more crypto!
How to deposit cash into your Yellow Card account
Go back to your account’s home page and click the Deposit button, select Bank Deposit, copy the account number provided and send cash to that account number to deposit into your Yellow Card account. Your money would appear in your Yellow Card account as soon as you send the payment.
How to buy & sell bitcoin from Yellow Card
On your account’s home page, click the Buy button, fill in the amount of bitcoin you like to buy in Naira, and you should see the bitcoin equivalent. Click Continue to confirm your purchase. The same goes for selling bitcoin on Yellow Card, right from your account’s home page, click the Sell button, fill in the amount of bitcoin you like to sell and click Continue to confirm it.
How to withdraw your balance to your bank account
- On the Yellow Card Dashboard, visit the Withdraw page.
- Input the amount of your local currency that you would like withdrawn to your bank account.
- Enter your account details.
- Confirm the details of the withdrawal, including the amount and bank account that you are sending it too.
- Click to confirm the withdrawal, and the amount will be sent to your bank account!
Nothing is perfect and for this reason, Yellow Card has its flaws. Yellow Card doesn’t have support for other cryptocurrencies other than bitcoin but they’ve promised to add other cryptocurrencies as time goes by. So what’s your take on Yellow Card?