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Bitcoin recently hit the $50k milestone. If that feels pricey, how about buying and selling Bitcoin (BTC) with your local currency using the most convenient payment methods?
With growing attention on cryptocurrency, buying and selling Bitcoin has become easy in Cameroon with the increasing popularity of cryptocurrency exchanges like Yellow Card.
Yellow Card is a cryptocurrency exchange that allows anyone to buy and sell digital assets online with their local currency. Launched in 2016, it has come a long way since then with presence in over 10 African countries including Cameroon.
Best part, Yellow Card is making it easy for crypto traders in Cameroon to buy and sell Bitcoin using mobile money (MoMo), the most convenient and accessible payment method for Cameroonians.
How to Buy, Sell, or Withdraw Bitcoin with Mobile Money on Yellow Card
With the fast adoption of Bitcoin and mobile money in Cameroon, Yellow Card allows you to buy and sell Bitcoin instantly using mobile money on MTN and Orange, and at the best rates.
To buy or sell Bitcoin with mobile money, create an account on the Yellow Card web interface or the mobile app on iOS or Android if you don’t already have one—it typically takes less than 3 minutes.
Before you can start buying and selling Bitcoin on Yellow Card, you have to deposit Bitcoin into your Yellow Card account. Follow these steps to deposit Bitcoin using MoMo:
1. Sign in to your Yellow Card account
2. From your dashboard, select Deposit
3. Select the Mobile Money option
4. Choose the Network Type (MTN or Orange)
5. Enter your mobile number
6. Enter the amount you want to deposit (in FCFA)
7. Click Review & Confirm
8. Click Confirm after reviewing
9. Your account will be credited instantly with the deposited amount
To buy Bitcoin with MoMo:
1. Sign in to your Yellow Card account
2. From your dashboard, select Buy Cryptocurrency
3. Enter the amount you want to buy (in FCFA or BTC)
4. Click Review & Confirm
5. Confirm by clicking Pay
6. You have successfully bought Bitcoin from Yellow Card
You can also sell Bitcoin on Yellow Card and withdraw your money directly to your Mobile Money account. This may be Bitcoin you already have in your Yellow Card wallet or you can also send from other external wallets to your Yellow Card wallet and sell.
To sell Bitcoin with MoMo:
1. Sign in to your Yellow Card account
2. From your dashboard, select Sell Cryptocurrency
3. Enter the amount you want to sell (in FCFA or BTC)
4. Click Review & Confirm
5. Confirm by clicking Sell
6. You have successfully sold your Bitcoin to Yellow Card
To withdraw Bitcoin with MoMo:
1. Sign in to your Yellow Card account
2. From your dashboard, select Withdraw
3. Choose the Mobile Money option
4. Select the Network Type (MTN or Orange)
5. Enter your mobile number
6. Enter the amount you want to withdraw (in FCFA)
7. Click Review & Confirm
8. Enter your Mobile Money PIN
9. Click Confirm after reviewing.
10. You have successfully withdrawn Bitcoin in FCFA
Why Choose Yellow Card?
Yellow Card operates a B2C (Business to Customer) cryptocurrency exchange that makes it safer for crypto traders to trade in cryptocurrency. For one thing, traders buy from and sell Bitcoin to the company, wading off any risk of encountering scammers as is the case with other platforms that operate a P2P (Peer-to-Peer) exchange.
Yellow Card’s B2C model allows traders to buy and sell from the company directly and vice versa, giving them the confidence that their money is safe—“something that is very important when dealing with crypto, especially in this part of the world,” Chris Maurice, Yellow Card co-founder said.
Buying and selling digital assets like Bitcoin on many exchanges either allow you to use dollar cards or charge exorbitant fees when using their services. Yellow Card, however, allows its customers to trade supported digital assets with their local currency using the most convenient payment methods. In Cameroon, that preferred payment method is mobile money, an option Yellow Card has implemented on its platform to make buying and selling Bitcoin as painless as possible.
“This is why Yellow Card uses MoMo on its platform to facilitate the acquisition of digital assets with Fiat.”
According to Maurice, “on Yellow Card, there are no fees involved during transactions,” making it the cheapest and easiest way for crypto traders to acquire digital assets.
Introducing the Yellow Card Academy
Yellow Card is on a mission to enable “financial inclusion for all” and helping everyone to understand how cryptocurrencies work and why it is gaining wide adoption across the world. To achieve this, “we created the Yellow Card Academy to allow people learn about crypto and financial education, all for free,” Chris Maurice said.
YC Academy has created educational videos, articles for beginners, intermediate, and advanced crypto users, and infographics that explain crypto concepts for anyone interested in learning how cryptocurrency works.
The company also organizes free monthly events where people learn more about the cryptocurrency world and ask questions about digital currencies.
To learn more about Yellow Card, click here or contact:
Email: hello@yellowcard.io
Facebook: Yellow Card App
Twitter: Yellow Card App
Instagram: Yellow Card
LinkedIn: Yellow Card App
