Review on YellowCard by Killer Bean
You are missing out a great deal if you havent used this exchange
Yellow Card exchange allows you to easily buy and sell cryptocurrencies via various channels. It is a FinCEN recognised and approved exchange, which means it can be trusted. This exchange was founded by Chris Maurice in 2016 in the United States of America, the exchange provides the unique and the ideal trading condition fir various traders to make trading easier and faster. With the mass adoption of cryptocurrencies by African traders, Yellow Card decided to open up several branches in about 9 different countries in Africa like Nigeria, Zambia and South Africa. Registration is very easy on this exchange, just like most exchanges, you need is a few basic details about yourself like email and password in order to get started. The exchange deals with to up-to-date prices which means that traders can follow the real time market. I was so impressed by the interface the exchange provided, the entire website was a careful and a colorful mix of yellow and white which is similar to Binance. It was then I discovered that Yellow Card was supported by Binance Labs. The exchange in summary is very easy to use and us even perfect for a newbie. Buying of bitcoins and other cryptocurrencies have even been made easier through debit cards, bank transfer and cryptocurrencies. Supporting of fiat currencies means that the exchange makes use of KYC, but i haven't tried it out yet. However, there were some parts of the exchange I didn't enjoy:
✓ The trading volume of the exchange was not shown, and dealing with an exchange with unknown trading volume might be risky since the exchange might not contain adequate liquidity for traders to enjoy.
✓ The exchange only supports few cryptocurrencies: In accordance ti mt first point above, a low trading volume usually arises from low trading pairs which are in turn caused by exchange supporting few cryptocurrencies. Till date, only Bitcoin, Ethereum, Dash, Bitcoincash and Litecoin are traded on Yellow Card.
✓ Bad customer support: An exchange might be offering very good features but not providing users with an adequate and responsible customer support can have a negative toll on an exchange.
Pros
- All positive aspects have been listed in my review above
Cons
- All the negative aspects of the exchange has been written in my review above
