Yellow Card
Yellow Card
Yellow Card was the first licensed stablecoin on/off ramp in Africa, processing over $3 billion in transfers across more than 20 countries. As of January 2026, however, it has closed its retail offering to focus solely on the enterprise segment, sharply narrowing its user base.
Data & conditions
| Maker / Taker fee | 0.3% / 0.3% |
|---|---|
| Markets | Spot |
| Max leverage | 1× |
| Supported assets | 12+ |
| Trading pairs | 12+ |
| 24h volume | $0 |
| Fiat on-ramp | Yes |
| Deposit methods | Bank Transfer, Mobile Money, Cash Agents, Crypto Deposits |
| Fund custody | Custodial (platform holds funds) |
| KYC | Full |
| Supported countries | AFRICA, LATAM, APAC · 20+ countries |
| Regulator | NBFIRA, Nigeria SEC |
| OAM Italy registration | No |
| Segment | B2C |
| MiCA / License status | VASP misto Africa |
Strengths
- Before licensed stablecoin on/off ramp Africa; $3B transfers; 20+ countries.
- No notable sovereignty advantage documented.
Weaknesses
- Retail chiuso gen 2026; only enterprise.
- Custodial: the platform holds your funds and can freeze or lose them.
- Full KYC required: verified identity, zero pseudonymity.
Verdict
Yellow Card was the first licensed stablecoin on/off ramp in Africa, with over $3 billion in transfers processed and coverage in more than 20 countries, a milestone that explains the B score. The decisive blow to the verdict, though, is the closure of its retail offering as of January 2026 to focus solely on enterprise: for the ordinary user, who was the reference point of this assessment, the service is effectively no longer accessible.
Yellow Card has the highest privacy score in the group and a stablecoin focus that brings it closer than others to crypto-native usefulness, especially in markets with fragile currencies. It nonetheless remains custodial and full-KYC, and the pivot to enterprise-only pushes it even further from the individual sovereign user. Better than the category average through this lens, but still far from a true self-custody tool.
Promp's editorial rating based on real fees and net annual cost. Promp reviews third-party products independently.
"Sovereignty" rating: score computed on privacy/anonymity (30%), fund control (20%), censorship resistance (20%), trustless/auditability (20%) and costs (10%). Same data, different weights.
FAQ
What are Yellow Card's fees?
On Yellow Card, spot fees are maker 0.3% / taker 0.3%. They drop with monthly volume and VIP tier.
Is Yellow Card regulated in Europe?
Yellow Card operates mainly in Africa with VASP licences in several African countries, but does not disclose a reference regulator in Europe.
Does Yellow Card publish Proof of Reserves?
Proof of Reserves publication is not documented for Yellow Card. No third-party reserve audit is documented. Reserve transparency is a critical factor after the FTX collapse.
Can I send transfers to third-party IBANs from Yellow Card?
No, Yellow Card is an exchange and does not allow transfers to third-party IBANs: fiat withdrawals return to a bank account in your own name.
Does Yellow Card support derivatives and futures?
Yellow Card does not offer derivatives: it focuses on spot trading.
Sources
- Official service page Maker/taker fees · Regulatory framework · Derivatives · Founders · +6 Data verified on Jun 14, 2026
- cryptowisser.com Num asset · Deposit methods · Trading pairs Data verified on Jun 14, 2026
- forgeglobal.com Company type · Valuation · Latest funding round · Investors Data verified on Jun 14, 2026
- tradersunion.com Max leverage Data verified on Jun 13, 2026
Show 1 more source
- trustpilot.com Trustpilot reviews · Past incidents Data verified on Jun 13, 2026