Yellow Card Review

What is Yellow Card?

Yellow Card is an African fintech startup founded in 2016 by Chris Maurice and Justin Poiroux. It operates as a licensed stablecoin on‑ramp/off‑ramp platform, enabling users across 20 African countries to buy and sell crypto like USDT, USDC, PYUSD, BTC, and ETH via local payment methods such as mobile money, bank transfers, and cash agents. The platform's mission is to bring financial inclusion to everyone.

Yellow Card Supported Cryptocurrencies

According to Yellow Card's official resources, they support a wide range of cryptocurrencies beyond just USDT, USDC, PYUSD, BTC, and ETH. Here's the full list:

Supported Assets on Yellow Card

• Bitcoin (BTC)
• Ethereum (ETH)
• Tether (USDT)
• USD Coin (USDC)
• PayPal USD (PYUSD)
• Solana (SOL)
• Cardano (ADA)
• Polygon (MATIC)
• Celo Dollar (cUSD)
• Tether Gold (XAUt)
• Toncoin (TON)
• Stellar (XLM)

Yellow Card keeps expanding, frequently adding new assets to provide more flexibility to users.

Yellow Card Solutions

Yellow Card offers a suite of solutions designed for businesses and individuals to access robust crypto-to-fiat rails and financial infrastructure across Africa and beyond.

Treasury Management

Yellow Card’s Treasury Management empowers businesses to manage and move funds seamlessly across markets. Using deep stablecoin liquidity, companies can hold and convert between stablecoins and local currencies, including USD and major African fiat, while safeguarding against currency volatility and inflation.

Payments API

The Payments API lets businesses integrate local fiat on‑ and off‑ramps into their platforms with one unified API. It supports deposits and withdrawals via bank transfers and mobile money in over 15–20 African countries. It also handles the conversion to and from stablecoins (USDT, USDC), which helps protect against exchange-rate risks, while providing real-time transaction tracking and treasury oversight.

Embedded Widget

Yellow Card’s embeddable widget allows partners to integrate crypto buying and selling features directly into their app or website. It's a white-labeled solution that handles onboarding and enables end-users to buy or sell crypto using local payment methods without leaving the host platform.

Invoice Settlements

The Invoice Settlements solution offers businesses the ability to pay suppliers and settle invoices in major currencies (USD, EUR, GBP, CNY) or stablecoins. The process is streamlined, you provide the invoice, fund Yellow Card in your local currency, and they handle conversion and payout, often within the same day, with your business name on the payment.

Personal App

Yellow Card’s Personal App is a mobile-focused wallet that enables individuals to buy, sell, and hold crypto like USDT, USDC, BTC, and ETH using local currencies through bank transfers, mobile money, or cash agents. It’s designed to be easy to use, ensuring accessibility for everyday customers across Africa.

Mobile Support

Yellow Card provides a mobile-first experience through its dedicated app, allowing users to trade, deposit, withdraw, and manage crypto directly from their phones. The app is tailored to users in Africa, with built-in support for local fiat and payment rails.

Yellow Card OTC Service

Yellow Card offers an OTC desk for high-volume and institutional clients. This service enables discreet, off-exchange transactions with deep liquidity, competitive pricing, and personal consultation for large trades.

Yellow Card Fees

Yellow Card uses a transparent, user-friendly fee model built around small spreads and low service charges. Here's a detailed breakdown of what you can expect when trading, depositing, or withdrawing on the platform.

Yellow Card Trading Fees (Spot Trading)

There are no traditional trading fees. Instead, Yellow Card applies a small spread to the buy/sell price. This model maintains simplicity for users while generating revenue through the difference between buy and sell rates.

Yellow Card Withdrawal Fees

Stablecoin Transfers (USDT, USDC, PYUSD)

• Transfers on major altchains (Polygon, Solana, Celo, Stellar) are free.
• Ethereum (ERC‑20) and TRON (TRC‑20) incur a nominal on-chain fee (around 1.5 USDT).

Crypto Withdrawals (BTC, ETH)

• Standard blockchain miner fees apply. These vary depending on network congestion.

Fiat Withdrawals (Bank / Mobile Money)

• Fees depend on region and payout method. Yellow Card applies modest processing costs and sometimes a small network fee.

Deposit Methods & Fees

Yellow Card supports multiple deposit channels with the following fees for fiat-to-stablecoin conversion:

• Bank Transfer: Around 1% service fee
• Mobile Money: Around 2% service fee
• Cash Agents: Varies by country, typically similar to mobile money
• Crypto Deposits (BTC, ETH): Free aside from blockchain network fees
• API / Widget: Uniform service fee (approximately 1–2%) depending on the payment method

Fee Summary Table

Final Thoughts

Yellow Card is building Africa’s leading crypto on-ramp, with a focus on regulatory compliance, fiat accessibility, and stablecoin integration. Its $33M Series C funding round demonstrates strong investor confidence and highlights its potential to expand even further across the continent.

It stands out for its simplicity, speed, and mobile-first approach, but lacks advanced features like staking, futures trading, or transparent fee breakdowns. For users in Africa seeking a trustworthy, easy-to-use platform for stablecoin access and transfers, Yellow Card is a strong choice with growing momentum.