Cryptocurrency Training - Ba Training Materials
Cryptocurrency Training - Ba Training Materials
Cryptocurrency Training - Ba Training Materials
BA TRAINING
TOPICS
● What is Cryptocurrency
● What is Bitcoin
● What are Stable coins
● How does Yellow Card work
● How to deposit money on Yellow Card
● How to buy cryptocurrency on Yellow Card
● How to complete KYC on Yellow Card
LESSON 1
WHAT IS CRYPTOCURRENCY
https://academy.yellowcard.io/topics/what-is-cryptocurrency/
Cryptocurrencies have existed for over a decade now. With each passing day, people
are becoming more aware of what they are, their use cases, and why they are so
popular. You must have heard of cryptocurrencies such as bitcoin, ethereum, Litecoin,
Dogecoin, and Ripple, among several others. Hundreds of different cryptocurrencies are
being created, with each having different use cases. Cryptocurrencies are digital
currencies that are fast reshaping the traditional financial system. They offer the
benefits of traditional fiat currencies and a lot more, which has made them the interest
of millions across the globe. Cryptocurrencies are slowly becoming a must to learn
Cryptocurrencies are digital currencies. Unlike fiat currencies, they cannot be touched
typically decentralized. This means that they are not managed by the central bank,
government, or other central authorities. Instead, they are run by thousands of computer
nodes across the globe -- that is, individuals operating their computers from across the
globe.
vital detail to note about cryptocurrencies is that they usually operate on a peer-to-peer
Cryptography has existed long before the digital era. It generally involves masking
information or data to protect it from getting into the wrong hands. Perhaps, once or
twice, we may have tried encoding information that is to be sent to a friend. The friend
has the format to decode the said information; however, it might be unintelligent or
protect data.
It also involves decoding and decrypting data or information. The goal is to secure data
Information can then be distributed across nodes of even unsecured networks. Only the
Cryptocurrencies are built around cryptography which ensures their security and makes
decentralised nature securely and ensures that only valid blocks are introduced
20th century. That idea was first shared with the world by David Chaum, cryptographer,
when he came up with ecash which was an electronic money that used cryptography to
protect users’ identity. He implemented the idea through Digicash in 1995 but the
protocols to encrypt data about a person withdrawing money from a bank and sending
to another party, it was basically a way to ensure that electronic transactions were
untraceable.
In 1998, Wei Dai and Nick Szabo described other electronic cash systems called
b-money and bit gold respectively. The concept behind these ideas was the existence of
It wasn’t until 2009 that the first cryptocurrency, Bitcoin, was created. Bitcoin was
Bitcoin was first mentioned in a white paper titled "Bitcoin: A Peer-to-Peer Electronic
Cash System”. Since the creation of bitcoin, other cryptocurrencies have been created
similar to Bitcoin and others quite distinct from it for specific purposes.
blockchain. The blockchain contains all the transactions on bitcoin and records them as
blocks. New blocks are added to the blockchain through mining which involves
validating the authenticity of blocks added to the blockchain network for a reward.
Differences between fiat currencies and cryptocurrencies
Fiat currencies and cryptocurrencies are used to facilitate transactions and can be used
as a store of value. Yet, certain distinct features differentiate fiat currencies and
Tangibility
Cryptocurrencies are entirely electronic and can only be exchanged digitally while fiat
Centralised/decentralised nature
Fiat currencies are issued by a central authority or governing body responsible for
issuing and keeping transactions of the currency. Cryptocurrencies, on the other hand,
are not issued or run by a governing authority but thousands of nodes spread across
the globe.
person are however tied to their bitcoin address. Banks, however, require that you
currencies are usually tied to a particular country or region and one would need to
exchange their local currency, say Ghanaian cedis, for another country’s currency, say
Supply limit
Fiat currencies often do not limit how much of their currencies can be in supply.
However, many cryptocurrencies are structured to have a finite or limited supply. For
instance, there can only be 21 million bitcoins in supply. The limited supply of
Legality status
Fiat currencies are considered legal tender by central authorities, which means
residents and businesses must accept them. However, cryptocurrencies are not by
default legal tender, country-specific laws determine if they are accepted or not within
that territory. This is why it is recommended that you research existing laws within your
Exchange medium
Fiat currencies can be exchanged physically (direct contact) and digitally (banking app,
cryptocurrencies.
Storage
When you open a cryptocurrency wallet, you are issued a public and private key. Think
of the public key as an account number. In order to receive funds or information, you
would need to share your account details with others. The private key is also similar to
your password or ATM PIN that allows you to access the funds in your account. You are
expected to keep the private key securely. It is structured to grant you access to the
Now that you have understood the basics of how the private and public key operates
let's dive deeper. The public key is an alphanumeric string of numbers and words. It
may also be a QR code shared with others to receive cryptocurrencies, but that's not all.
The blockchain is like a public ledger that holds all the cryptocurrency transactions, for
instance, bitcoin. The bitcoin blockchain displays all the bitcoin transactions for
everyone willing to see it from the time bitcoin was created till the present. The public
Therefore, although people don't know who owns the public key, they can see all the
transactions that have taken place on the public key. They can see the amount of
bitcoin a person holds and every address they have received bitcoin from and sent it to.
Yet, your identity remains anonymous as people can only see the public key and its
The private key is used to secure your account from thefts, fraudsters among many
others. Yet, unlike your ATM pin, which you can change at will, you cannot change your
private key or recover if lost except if it is backed up. The best way to secure your
private key is never to share with others, as access to your private key means that your
cryptocurrencies can be accessed anytime and from anywhere in the world. This means
that although anyone can see the transactions on your public key, you are the only
person that can initiate those transactions with your private key.
It is vital that you store your private key securely. Several people consider
cryptocurrency exchanges like Yellow Card to secure their private keys in a hot wallet.
This allows them to securely safeguard their private keys and access their
cryptocurrencies from the exchange through two-factor authentication. Still, this time it is
through passwords they have set for themselves, which is easier to remember. Apart
from this, their information is backed up, which means that they can recover it following
securing your private key is storing it offline: on a computer without internet, pieces of
About now, you may be wondering how cryptography comes into place in securing your
crypto funds. The public key and private key are synced; the public key is generated
from the private key. This is why you can initiate and verify a transaction with your
private key. The transactions are initiated on the blockchain and need to be verified
before they can be processed. The transaction is encrypted on the public key and can
only be decrypted by the private key. Once you have confirmed that the transaction is
authentic through your private key, it can then be processed. Anyone who doesn't have
Cryptocurrencies are revolutionary and are gradually changing the economic and
send funds from person to person irrespective of their geographical location at a faster
and cheaper rate. You can use cryptocurrencies to pay for products and services.
Cryptocurrencies can also be used as a store of wealth to protect your funds from
earn profits from crypto trading and even investments in crypto projects like mining,
staking, yield farming, loaning, among others. You may also borrow crypto loans and
use them for your financial needs. You can even use cryptocurrencies as collateral
As crypto adoption is on the increase, you might just be curious about how to purchase
easily purchase cryptocurrencies directly from an individual at a bid-ask price that suits
you. However, new risks have developed with purchasing cryptocurrencies directly as
fraudsters and scammers are masked as crypto traders. This is why cryptocurrency
exchanges like Yellow Card are popular among people as you can purchase
Conclusion
Since the creation of bitcoin, several cryptocurrencies have been created, many of
which have also been successful in their own right. Different variations of
(NFTs), among several others. Cryptocurrencies are built to solve the limitations of fiat
WHAT IS BITCOIN
https://academy.yellowcard.io/topics/what-is-bitcoin/
The past few years have recorded technological advancement across the globe. One of
such significant changes in the financial market is the introduction of digital currencies,
which eliminates the challenges that occur when completing transactions with fiat
currencies such as dollars, yen, pounds, naira and many more. One of such
Introduction to Bitcoin
Bitcoin is a digital currency that is created, distributed and stored on the public
You can think of bitcoin as a form of electronic money except that, unlike the types of
money we are familiar with, bitcoin is fully digital and operates out of the control of any
Because bitcoin is digital, decentralised and encrypted, it has fast become a preferred
medium of exchange around the world. And as its adoption increases, more people
keep finding new ways to use bitcoin and simplify their everyday transactions.
Before we get into why bitcoin is so special, let’s take a quick look at the history of the
History Of Bitcoin
Since bitcoin gained popularity and its benefits have become apparent to both financial
experts and regular individuals, many have wondered why it took so long for someone
to come up with the brilliant idea that birthed bitcoin. However, while bitcoin was indeed
the first implemented cryptocurrency, the likes of Bit Gold and B-money were proposed
years before bitcoin but never implemented. Some of these ideas, though, were useful
And since its launch, Bitcoin set a precedence for other currencies because of its
revolutionary nature and its ability to cover loopholes that other proposed digital
To date, no one knows the real identity of Nakamoto. And if you were wondering who
the mysterious person could be and what led to the creation of Bitcoin, we discussed
Aug. 8, 2008
The domain name bitcoin.org is registered. Today, this domain is "WhoisGuard
Protected," meaning the identity of the person who registered it is not public information.
publishes the Bitcoin whitepaper on the cryptography mailing list at metzdowd.com. The
paper was titled, “Bitcoin: A Peer-to-Peer Electronic Cash System” and is now available
Jan. 3, 2009
The first Bitcoin block, Block 0, is mined. This is also known as the Genesis Block and it
contains the text: "The Times 03/Jan/2009 Chancellor on brink of second bailout for
banks". It is assumed that this was added as proof that the block was mined on or after
Jan. 8, 2009
The first version of the Bitcoin software is announced on The Cryptography Mailing List.
Jan 9, 2009
Block 1 is mined.
Features of Bitcoin
There are certain features that set Bitcoin apart from fiat currencies; they include:
1. Pseudonymous
What this means is that when people make transactions using bitcoin, the wallet
addresses involved have no visible identifier and personal information cannot be linked
to them. But these transactions can be tracked on the bitcoin blockchain as everything
● Decentralised
Bitcoin is not regulated by any central authority like a government, a central bank or any
committee. Rather, people with powerful computers (known as nodes) connect to the
Bitcoin network from all over the world and are all in charge of keeping the network
online. This means that before any changes can be made on the network, the
The implication is that no one person has the power to make changes on the Bitcoin
network, and all transactions do not need to go through one central point before they
can be completed.
● Secure
Bitcoin offers a reliable platform to complete transactions with low transaction fees. One
possibility of you getting defrauded with a fake transaction because once a transaction
is completed on the Bitcoin network and is confirmed on the blockchain, it is locked in.
For a confirmed transaction to be altered, it would take altering every transaction that is
● Fast
We are well familiar with delays with transactions while completing payment with
physical currencies, even when operating cashless. Transactions on the Bitcoin network
are almost instant. It takes merely a few minutes to complete a transaction, and you do
Bitcoin transactions aren't the same as with fiat currencies like dollars or pounds. Bitcoin
transactions take place on an open ledger known as the blockchain. The Blockchain
For example, if you want to transfer $1,000 worth of Bitcoin to a friend, it follows this
process:
1. you send the current BTC equivalent of $1,000 to the Bitcoin Address of your
computational problem.
4. All nodes connected to the Blockchain are updated with the transaction and
Bitcoin miners are very important to the working of the Bitcoin Network. Without miners
to confirm and add transactions, the whole network doesn’t work because then, we
would experience issues like double spending where one person can spend the same
bitcoin twice - it is like duplicating a digital file and sending it to two different devices.
Issues like this compromise the Bitcoin Network and is why miners are necessary.
Bitcoin Mining
Even though bitcoin is said to be mined, the mining process is very much different.
While gold miners need to dig deep into the ground, Bitcoin miners can find Bitcoin in
The Bitcoin protocol is designed in such a way that only twenty-one (21) million BTC
can exist. And the only way new bitcoins are obtained is when new blocks are added to
the blockchain.
For the Bitcoin network to work, there has to be a way to ensure that the integrity of the
network is maintained. This would make sure that there are no issues of double-spend
or the addition of fake blocks of transactions to the blockchain, amongst other things.
This is why miners exist -- to keep the network operating as it should. But for them to
want to do this, they have to be incentivised. The creation of new bitcoins (mining) is
Bitcoin Scalability
centres on improving the Bitcoin network such that it can accommodate and process an
It is important for Bitcoin to scale because of its increasing number of users and the
need to meet their daily demands. However, because of the Bitcoin protocol design,
there is a limit to the number of transactions that miners can process per block.
Presently, the Bitcoin network can only manage to process about five transactions per
A Bitcoin upgrade that could allow about ten thousand (10,000) transactions per second
may be included in the system, but that might essentially threaten its decentralised
nature. In this regard, Bitcoin experts recommend that effective scaling needs to be
attained for the network's efficiency. This contributed to the fork in Bitcoin’s network that
Every system has its pros and cons and so does Bitcoin. Lets’ briefly consider these.
Pros
Trading with bitcoin allows you to trade outside of the control of governing
authorities. This will enable you to keep your details private and easily access
your funds. Governing authorities are unable to control your transactions as well
as impose fees.
2. Security
Trading with digital currencies offer a safer means to complete transactions. You
are able to control your transactions, and no one is able to withdraw money from
your account without your approval. It is very difficult to steal your payment
You could also secure your funds with encryptions and create backup copies.
And more importantly, your identity and personal details are safe and do not
3. Transparency
Unlike other currencies, which are physical and are controlled by governing
authorities, the details of bitcoin transactions are available for anyone to see on
the Blockchain. You can easily monitor transactions on your own without having
4. High portability
Bitcoin is a digital currency which makes it the most portable currency ever to
exist. You can easily carry millions without it having to cost you any extra weight
or space. You can store your coins in any form of Bitcoin Wallet and take it with
You can also complete transactions in minutes with just a click, saving you from
Cons
1. Legal status
other countries. There has been a lot of criticism surrounding the attractiveness
of bitcoin to criminals. As such, you should confirm your state's take on Bitcoin
Bitcoin can be accessed through a Bitcoin Wallet that stores the private and
public keys to a Bitcoin Address. Without the private keys to an address, you
cannot access the Bitcoin in it. And when proper care is not taken, it is easy to
lose your private key which means you also lose access to your Bitcoin. In order
to prevent this, however, there are certain wallets that are structured with backup
3. Volatility
In the past few years, the price of Bitcoin has varied, experiencing spikes as well
as skyrocketing within short intervals. This often makes the value of Bitcoin
globe that has set it to a steady rise in value. And as adoption rises, it is likely to
Bitcoin is a valuable asset that is decentralised, secured, faster, and free from governing
authorities' control, allowing its users' freedom to complete their transactions securely.
These features have made it valuable to its many users across the globe. Individuals
nest in bitcoin as a form of digital gold. This is why many, rather than use it for only
transactions, prefer hodling it. Bitcoin is seen as a scarce commodity with a limited
Bitcoin can neither be printed nor handled physically. It can only be accessed through
mining or buying from someone who already owns it. However, only 21 million bitcoins
can exist and once all 21 million bitcoins have been mined, one would only be able to
The easiest way to access bitcoin is to buy from other people or from exchange
platforms. You can buy bitcoin with cash, bank transfers, debit or credit cards, or other
Bitcoin Wallet
The Bitcoin wallet is a digital software program that enables you to buy, sell, or hold
Bitcoin. This wallet contains a unique set of keys that are needed to complete
transactions on the BTC network. The key provided in the wallet corresponds to your
Bitcoin address. There are four types of Bitcoin wallet that is the desktop, hardware,
hold your Bitcoins. You will need a cryptocurrency wallet if you want to trade Crypto
because the wallet holds the unique key combination to enable transactions on the
network.
You can buy bitcoin using cash, credit, or debit card or exchange other Cryptocurrencies
Bitcoin wallet.
● Select an exchange platform: Bitcoin exchanges are the easiest places to buy
bitcoin safely. Many exchanges offer the creation and maintenance of wallets so
that when you purchase bitcoin, you can hold it directly in your wallet on the
and many more. You should conduct proper research before selecting an
exchange platform.
● Fund your account: based on the accepted payment method on the chosen
exchange, you would need to add funds to your account. On exchanges like
Yellow Card that allows you to buy bitcoin with cash, all you need is to pay cash
for the amount you want to fund your wallet with and get a voucher that you can
● Buy Bitcoin: Once your account is funded, you can then purchase bitcoin. After
You can use the same avenue implemented in purchasing your bitcoin also to sell them.
However, while you can buy bitcoin through Bitcoin ATMs in some places, not all Bitcoin
ATMs allow you to exchange bitcoin for cash. You can sell bitcoin on:
● Cryptocurrency exchange platforms: The platforms you use to sell your Bitcoin
may be dependent on the amount of Bitcoin you wish to trade. Some platforms
may be programmed only to receive large orders, while others allow you to sell
Each crypto exchange has its specific policies and exchange rate, so it is best
that you are well informed about these policies before selling your Bitcoin. You
also have the option to exchange your Bitcoin for other Cryptocurrencies
● Peer-to-peer sales: With peer-to-peer, you can send bitcoin directly to the wallet
of someone else while they pay you via your preferred method. That means you
can sell bitcoin to family, friends, or colleagues and have them send cash to you.
Some exchanges facilitate peer-to-peer trading amongst their customers such
that you can sell to someone who you don’t know and have them send money to
you. Escrow systems are usually put in place to ensure that both parties fulfil
You can easily access, buy and sell Bitcoins using these platforms with no hitch.
However, it is best to be well informed about your options before buying or selling on the
determines the price, economic growth, and inflation except the open market and the
● The demand and supply of bitcoin - like in every other market, the price of Bitcoin
is largely influenced by the current rate of demand and supply. When there is an
increase in demand tends to occur, which will drive up the price of Bitcoin.
● The reward of mining bitcoin - as Bitcoin halving occurs, it reduces the amount of
bitcoin that goes into circulation. The reduction in supply will affect the price of
Bitcoin.
● Bitcoin adoption across the globe - Paypal recently announced that it would be
allowing customers to pay vendors with Bitcoin. With over 26 million merchants
across the world now able to accept bitcoin as a form of payment for goods and
services, this widens the reach of Bitcoin. It will also influence the price as more
people now seek to own the cryptocurrency and use it for payments across
the price of Bitcoin. For instance, some countries are embracing cryptocurrencies
and working on regulations that will promote their proper use while some others
LESSON 3
like the US dollar, euros or cash equivalents, which are held in reserve by Tether
Cryptocurrencies like bitcoin are known for their high volatility which leads to
fluctuations in prices. And despite the solutions they provide as a medium of exchange
and investment opportunities, this high volatility is a cause of concern for many
cryptocurrency users around the world. In addition, access to cryptocurrencies with local
relevant because not all stablecoins are backed by fiat currencies. Some are backed by
commodities like gold, other cryptocurrencies like ether, or not collateralised at all. In the
case of USD tether, however, there are actual US dollars held in a bank to back every
tether token issued by the company. That means for every US dollar in Tether reserve,
there is an equivalent tether token mined. So, 1 tether token has the same value as 1
US dollar.
Essentially, a tether token has both the characteristics of fiat money and a
cryptocurrency. So, if you have US$100, you can purchase exactly 100 USDT with it.
But you can do more with it than you can with your fiat money because it exists on the
blockchain which inherently provides benefits such as transparency, security and ease
of transacting.
USDT offers amazing opportunities for many, especially those living in countries with
● USDT provides a hedge against weak currencies: In a country like Nigeria that
solid alternative. With USDT you can easily save your money and retain its
cryptocurrencies is on the rise, there are still concerns for many when using
investment vehicle, and it is majorly around the price volatility. Although this
volatility serves an advantage for entering and exiting the market easily, it might
Since Tether, however, is a stablecoin, it serves as a good store of value for not
just fiat currencies but other cryptocurrencies as well. Say, for instance, you buy
$100 worth of bitcoin and after a while the value increases, but then the market
turns bearish. To maintain the new value of your investment you can convert your
bitcoin holding easily to USDT, this way, regardless of the dip bitcoin
experiences, your earnings plus your original investment will be intact. In fact,
this way, you can buy bitcoin back when the market starts to improve at a lower
price.
● USDT is easier to access: You might be wondering why you couldn’t just save
controls its issuance. This makes it easy for you to purchase USDT from
anywhere in the world without worrying about cross-border restrictions. And since
tether is backed by actual fiat reserve, it does not have a supply limit. So as long
as there is money in the reserve, you can always buy tether tokens easily.
● USDT provides ease of transacting: Because tether tokens are pegged to fiat
currencies, it makes it easy to make payments with them without worrying about
the disparity in value. Also, tether makes it possible to send money overseas at
no extra transaction cost and faster than fiat payments, thanks to blockchain
technology.
exchange platforms offer tether pairs to their users so that they can easily trade
cryptocurrencies. However, tether has faced many challenges since its creation; the
Proof of reserve
When tether was created, the company claimed that every tether token is backed by an
equivalent dollar in reserve. But as the use of tether grew, the issuance of tether tokens
ran into billions which began to raise doubt as to if the company actually had the
reserve to back all the tokens in circulation. In response to this, Tether Limited
announced a scheduled audit to verify reserves backing, however, the audit never
came.
In 2019, the company changed the backing of tether to not just money in reserve but
also pans to affiliate companies as well as clarify that each tether token was backed by
only $0.74. While these controversies have raised some doubt about the transparency
and reliability of tether, the stablecoin has nonetheless remained the top favourite by
traders and investors around the world. Tether Limited also began to publish a daily
As a company whose mission is financial inclusion for all, Yellow Card makes it easy for
anyone to buy, send, receive, sell and even store Tether (USDT) with the Yellow Card
app.
In 3 simple steps, you can take your fiat money or your Bitcoin and convert it to USDT
1. Download the Yellow Card App or create an account online. This automatically
2. Deposit your fiat currency into your wallet via instant bank transfer, cash or your
debit card.
3. Buy your preferred amount of USDT with your deposited fiat currency. Your
That’s it!
You can store your USDT in your Yellow Card wallet for as long as you want or sell it
You may also send USDT to friends and family anywhere in the world by having them
sign up on Yellow Card or to an external wallet at no fees from Yellow Card. With this,
you can easily attain financial freedom by meeting your financial goals early.
LESSON 4
Yellow Card is a cryptocurrency exchange on which you can buy or sell supported
cryptocurrencies with your local currency.
Yellow Card also offers a secure cryptocurrency wallet with which you send, receive,
and store your cryptocurrencies. You gain access to your personal crypto wallets
once you sign up for a Yellow Card account.
1. Sign up for a Yellow Card account or log in to your account if you are an
existing user
2. Fund your local currency wallet using your preferred payment option.
(here's how to fund your wallet)
3. From your dashboard, select a cryptocurrency you will like to buy
4. Tap "Buy" and enter the amount of crypto token you want to buy
5. Review and confirm the details.
Once you confirm the details your wallet will be instantly credited with the tokens you
just bought.
Buy Cryptocurrency Now
1. Sign up for a Yellow Card account or log in to your account if you are an
existing user
2. From your dashboard, select the cryptocurrency you want to sell or go to
"Wallets" from your dashboard.
3. Tap "Sell" and enter the amount of the crypto tokens you want to sell.
4. Review and confirm the details.
Once you've confirmed the details, your local currency wallet will be instantly funded.
You can withdraw the money in your local currency wallet to your bank account or in
exchange for cash at any time.
To receive cryptocurrency into your Yellow Card wallet, follow the following steps.
Once the cryptocurrency has been sent and confirmed, it will reflect in your wallet.
Note: Make sure to only send the right crypto token to an address so as not to lose
your cryptocurrency permanently.
LESSON 5
https://help.yellowcard.io/article/201-how-do-i-deposit
You can deposit funds on your Yellow Card account with the 10 fiat currencies supported by
Yellow Card, and through multiple payment methods.
The 10 fiat currencies are the Nigerian Naira, Kenyan Shilling, CFA Franc, Tanzanian
Shilling, South African Rand, Botswana Pula, Ugandan Shilling, Zambian Kwacha, Ghana
Cedi, and the Rwandan Franc.
3. Depending on your location there will be various Payment Methods available to you.
Select the one you’re most comfortable with.
5. Click on the Copy Icon or Scan in order to get your Cryptocurrency Address.
Note: Use only this address for that specific Cryptocurrency and no other. Sending any
other digital asset will result in permanent loss which Yellow Card is not liable for.
6. You should be able to see your incoming cryptocurrency under the “Transaction History”
of that currency.
3. Depending on your location there will be various Payment Methods available to you.
Select the one you’re most comfortable with.
5. Click on the Copy Icon or Scan in order to get your Cryptocurrency Address.
Note: Use only this address for that specific Cryptocurrency and no other. Sending any
other digital asset will result in permanent loss which Yellow Card is not liable for.
6. You should be able to see your incoming cryptocurrency under the “Transaction History”
of that currency.
LESSON 6
Once your account has been funded, you can now buy your favorite
Cryptocurrency instantly. To buy cryptocurrency, follow these simple steps:
LESSON 7
HOW TO COMPLETE KYC ON YELLOW CARD
https://help.yellowcard.io/article/303-how-do-i-complete-my-yellow-card-kyc-step-by-
step
Tier 1 Verification
Your very first verification will be your email verification. This is required to
start using your Yellow Card account and gain access to Tier 1.
Our Tiers are designed to provide every user with both daily and lifetime
trading limits. Tiers currently range from 1 to 3 for individuals and a 4th for
businesses. Each Tier upgrade is based on a unique set of requirements
per country that must be met in order to be approved.
Please note that it may take several business days to complete your
verification due to the large number of requests we receive.
Tier 2 Verification
To get your verification for Tier 2 approved first begin by logging into your
Yellow Card account.
On the homepage, you can simply click on the “Do a lot more by
increasing your limits” link or simply click on the drop-down arrow beside
your name on the top right corner of the web page.