UPDATE 23 March 2023: This platform claims to have a 24 hour trading volume of more than 1 billion and over 10 million "registered users who trust YellowMoon". This is of course not true. The numbers are incredibly exaggerated. When a platform tells such blatant lies, we believe that the purpose must be to defraud or scam investors.
Accordingly, we have marked the platform as "dead", with "Scam" as the cause of death, in our Exchange Graveyard.
To find a reliable exchange where you can start an account, just use our Exchange List and we'll help you find the right platform for you.
YellowMoon Exchange Review
- Low fees
- High level of security
- Does not support fiat
- Not available in the US
yellowMoon is a secondary crypto exchange, meaning they do not accept fiat currencies. They prioritize speed and security and do this all while offering low fees and good trade prices.
yellowMoon does offer some sort of staking. The details on their site are sparse, but they do promise that you can “hold your crypto funds and start earning.” This implies being able to stake your cryptos and thus earn a set percentage.
YellowMoon Trading Fees
yellowMoon has a simple fee structure. When trading, every investor will pay the same fee no matter the trading pair. No hierarchies here. The taker fee is 0.02% and the maker is 0.01%. This is significantly below the industry average.
According to our most recent empirical crypto trading fee study, the average taker fee is 0.2323%, and the average maker fee is 0.1875%
Withdrawal and Deposit Fees
yellowMoon will not charge any deposit fee for any crypto. You cannot deposit fiat currencies at this point with yellowMoon. You can deposit 53 different cryptos.
You can also withdraw all of the same cryptos. They do come with different withdrawal fees, depending on the cryptocurrency you wish to withdraw. Here’s a chart showing the different currencies and the withdrawal fees.
For Bitcoin, the withdrawal fee is 0.0003. This is well below the average BTC withdrawal fee of 0.0004723. Each currency will have its own fee, but it looks like they are more than fair here.
yellowMoon has a number of cryptocurrencies available. You can deposit and withdraw in 53 currencies. They also have 62 trading pairs. This means they have the major cryptos that tend to grab most of the headlines. However, the smaller ones that can have even larger profit margins may not be available here.
Who Can Sign Up Here?
Most investors from around the world will be able to sign up with yellowMoon, though this does come with important exceptions. yellowMoon does not accept investors from the United States, Ontario, Singapore, or Malaysia.
Additionally, users from the Netherlands, Germany, Italy, Australia, the UK and Hong Kong will not have access to all the services.
yellowMoon does have some NFT programs. On their website, you can come across rare mystery boxes, participate in IGOs (initial game offerings), and more.
yellowMoon offers several important security features. In fact, security is one of yellowMoon’s main selling points that it promotes.
For one, yellowMoon stores 10% of all users’ fees in a fund to protect a portion of users’ funds. Users can also select devices and addresses that can access their accounts. Also, your data is secured via end-to-end encryption, meaning only you have access to your information.
Also, as of this writing (June 2022), they have a high four out of five-star rating on TrustPilot.
App vs Desktop experience
We could not find any yellowMoon app when making this review in 2022. The website does, however, work very well on mobile devices. It is optimized with a mobile-first design, so not having an app is not much of a problem.
Who Should Sign Up Here?
yellowMoon is a good option if you prioritize security and low fees. The basics here are excellent, and, depending on where you live, they also have derivatives and other advanced trading options.