To open a Yellow Card account, follow these detailed steps:
- Download the App: Start by downloading the Yellow Card app from the Play Store or App Store. Alternatively, you can visit the web app at YellowCard.io.
- Select Language: Choose your preferred language on the app or website.
- Create Account: Click on “Create account” to begin the registration process.
- Enter Phone Number: Provide your phone number and click “Next.”
- Verify Phone Number: Choose your preferred method to receive the verification code (WhatsApp, SMS, or USSD). Enter the received code and click “Next.”
- Enter Personal Details: Fill in your full name and date of birth as per your legal documents. Optionally, add a nickname. Click “Next.”
- Set Password and Email: Create a password that includes at least 8 characters with numbers, upper and lower case letters, and special characters. Enter your email address for password or PIN reset and click “Next.”
- Set PIN Code: Create and confirm a PIN code for account access and transactions. Click “Next.”
- Complete Account Setup: Upon successful account creation, you’ll have Tier 0 status, allowing you to deposit, buy, receive, and sell without limitations. For operations like withdrawals, you will need to advance to Tier 1 by completing additional KYC requirements.
Different Types of Accounts on YELOW CARD
Yellow Card offers different types of accounts based on your verification status, which in turn determines the features and transaction limits available to you. Here are the main account tiers:
Different Types of Accounts on VALR
- Tier 0 (Basic Account):
- Features: Enables users to deposit, buy, receive, and sell cryptocurrencies without limitations.
- Verification Requirements: Only requires phone number verification.
- Tier 1 (Verified Account):
- Features: Allows additional functionalities such as withdrawals and receiving funds via Yellow Pay.
- Verification Requirements: Requires KYC verification, including uploading identification documents (e.g., national ID, passport, or driver’s license) and a selfie for identity confirmation.
- Tier 2 and Higher (Advanced Accounts):
- Features: Provides higher transaction limits and access to more advanced features.
- Verification Requirements: Involves more comprehensive verification processes, such as proof of address and possibly additional documents depending on the jurisdiction and regulatory requirements.
Minimum Deposit on YELOW CARD
The minimum deposit requirement for Yellow Card varies depending on the country and the method of deposit used. Generally, there is no fixed minimum deposit amount, making it accessible for users to start trading with smaller amounts. Here are some key points to note:
- Flexible Deposit Options: Yellow Card supports various deposit methods including bank transfers, mobile money, and cryptocurrency deposits. The minimum deposit amount can differ based on the chosen method and the user’s country.
- No Fixed Minimum: While some exchanges have a set minimum deposit, Yellow Card tends to be flexible, allowing users to deposit as little or as much as they want, making it accessible to a wider range of users.
- Currency Variations: The minimum deposit amount may also vary based on the local currency and regulatory requirements in different countries.
Countries That Can and Cannot Open a YELOW CARD Account:
Yellow Card operates in 20 African countries, offering services such as buying, selling, and storing cryptocurrencies. However, there are specific regions where Yellow Card does not currently provide its services. Here’s a detailed breakdown:
Countries Where You Can Open a Yellow Card Account:
- Nigeria
- Ghana
- South Africa
- Kenya
- Uganda
- Tanzania
- Botswana
- Cameroon
- DR Congo
- Rwanda
- Senegal
- Mali
- Burkina Faso
- Cote d’Ivoire
- Gabon
- Zambia
- Benin
- Republic of Congo
- Malawi
- Togo
These countries have access to Yellow Card’s full range of services, including Yellow Pay for cross-border payments.
Countries Where Yellow Card is Not Available:
- United States: Yellow Card is not available in the US.
- Countries under international sanctions: Yellow Card adheres to global regulatory standards and does not operate in countries under significant international sanctions.