Obiex vs Yellowcard: Which Crypto Exchange is Better For You?
Table of Contents
- What is Obiex and What is Yellowcard?
- Supported Cryptocurrencies
- Fees
- User Interface
- Signup Process
- Features
- FAQs
Yellow Card is a cryptocurrency exchange that provides users in Nigeria and other African countries with the ability to buy and sell Bitcoin, along with a range of other cryptocurrencies.
With Yellow Card, you can use different payment methods to buy cryptocurrency at competitive rates. The crypto exchange was initially established in the USA in 2016 by Chris Maurice and has since expanded its presence to serve customers across several African nations.
Choosing a suitable cryptocurrency exchange is a decision that must be seriously considered, whether you are trying out cryptocurrency for the first time or looking for an alternative to your current cryptocurrency exchange.
Among the notable names in the African crypto landscape, Obiex and Yellowcard crypto exchange stand out, each offering distinctive features and advantages.
In this article, we'll share the key features of these platforms to assist you in making an informed decision.
What is Obiex and What is Yellowcard?
Obiex, established in 2021, and Yellowcard, founded in 2019, are both cryptocurrency exchanges that primarily serve customers in Africa.
Obiex vs Yellowcard: What Do Both Crypto Exchanges Offer?
Supported Cryptocurrencies:
Obiex cryptocurrency exchange provides access to over 15 cryptocurrencies, including BTC, USDT, ETH, XRP, SOL, ADA, and fiat coins like GHS (Ghanaian cedis) and NGNX (Nigerian Naira).
On the other hand, Yellowcard crypto exchange supports over ten cryptocurrencies, including BTC, USDT, USDC, ADA, and Celo Dollar.
Fees:
Fees play a crucial role for traders and investors. Yellowcard offers free Peer-to-Peer deposit and withdrawal services, while Obiex enables users to buy and sell crypto at competitive rates with zero fees.
User Interface and Experience:
Both Obiex and Yellowcard offer user-friendly interfaces accessible through web browsers and mobile apps.
Sign-Up Process:
Creating an account on Obiex takes about 2-3 minutes, involving entering your legal name, email address, chosen password, and other required details on obiex.com.
Yellowcard's sign-up process requires information such as your country of residence, name, date of birth, and login credentials, including mobile number and email.
Features:
Obiex provides the following features:
Buy, Sell, and Swap:
Obiex allows you to buy and sell a variety of cryptocurrencies. Additionally, the platform offers instant swapping of coins without the need for confirmations, providing you with a swift and efficient trading experience.
Utility Payments:
Obiex goes beyond regular trading by allowing you to make utility payments. This includes the convenient purchase of airtime, data, electricity, and cable subscriptions directly from your obiex crypto wallet.
Instant Swaps:
One of the standout features of Obiex is that you can trade a wide range of coins instantly within seconds, even without waiting for confirmation. This lets you take advantage of market opportunities promptly.
Zero Swap Fees:
Obiex offers zero transaction fees on coin swaps. This feature allows you to maximise the value of your trades without incurring additional or arbitrary costs.
Yellowcard offers the following features:
Multiple Payment Options:
Yellowcard offers multiple payment options based on your country of origin. Whether it's card payments, mobile money (MoMo), instant EFT, or bank transfers, you can choose from a range of options.
Trade & Store Crypto
You can send and receive Bitcoin and other cryptocurrencies to and from Yellow Card instantly. The Yellow Card wallet also provides a secure storage until you're ready to make a withdrawal.
Easy Withdrawal
Yellowcard offers instant cash-out options. Whether you choose to sell your Bitcoin for cash and withdraw directly to your bank account or mobile money (MoMo), the process is designed for convenience.
Available in 15+ Countries
Yellowcard is available in numerous African countries, including Nigeria, Uganda, Kenya, Zambia, Ghana, DR-Congo, Côte d'Ivoire, South Africa, Tanzania, Gabon, Malawi, Botswana, Cameroon, Republic of Congo, Rwanda, Senegal, with ongoing expansions into new territories.
Customer Support
Yellowcard crypto exchange provides 24-hour support through its app, while Obiex crypto exchange offers multiple support channels, including live chat, emails, and phone conversations.
Conclusion: Obiex vs Yellowcard For Crypto Users
Choosing between Obiex and Yellowcard ultimately depends on your individual preferences and specific needs. Consider factors such as supported cryptocurrencies, fees, ease of use, and customer support to determine the best platform that suits your crypto trading needs.
FAQs
Q: What is Obiex?
A: Obiex is a cryptocurrency exchange that was established in 2021.
Q: What is Yellow Card crypto?
A: Yellowcard is a crypto exchange that was founded in 2019.
Q: What cryptocurrencies are available on Obiex and Yellowcard?
A: Obiex supports over 15 cryptocurrencies, including BTC, USDT, ETH, XRP, SOL, ADA, and fiat coins like GHS and NGNX.
Q: What cryptocurrencies are supported by Yellowcard crypto?
A: Yellowcard supports over ten cryptocurrencies, including BTC, USDT, USDC, ADA, and Celo Dollar.
Q: How do the fees compare between Yellowcard and Obiex?
A: Yellowcard offers free Peer-to-Peer deposit and withdrawal services, while Obiex enables users to buy and sell crypto at competitive rates with zero fees.
Q: What features does Obiex provide for crypto trading?
A: Obiex features include buying and selling a variety of cryptocurrencies, instant coin swapping, utility payments, and zero transaction fees on coin swaps.
Q: What features does Yellowcard offer for crypto trading?
A: Yellowcard features include multiple payment options, trading and storing crypto, easy withdrawal, and availability in 15+ African countries.
Q: How does Obiex facilitate instant swaps of cryptocurrencies?
A: Obiex allows users to trade a wide range of coins instantly within seconds, even without waiting for confirmations, providing a swift and efficient trading experience.
Q: What payment options does Yellowcard offer based on your country of origin?
A: Yellowcard offers multiple payment options such as card payments, mobile money (MoMo), instant EFT, or bank transfers based on your country of origin.
Q: What countries are Yellowcard and Obiex available in?
A: Yellowcard is available in numerous African countries, while Obiex primarily serves customers in Africa.
Q: How does Yellowcard provide customer support?
A: Yellowcard crypto exchange provides 24-hour support through its app, ensuring assistance is available around the clock.
Q: What support channels does Obiex offer for customer inquiries?
A: Obiex crypto exchange offers multiple support channels, including live chat, emails, and phone conversations.
Q: What is Obiex's unique feature related to utility payments?
A: Obiex goes beyond regular trading by allowing users to make utility payments, including the purchase of airtime, data, electricity, and cable subscriptions directly from their Obiex crypto wallet.
Q: How does Yellowcard facilitate instant cash-out options for users?
A: Yellowcard offers instant cash-out options, allowing users to sell Bitcoin for cash and withdraw directly to their bank account or mobile money (MoMo) with convenience.
Disclaimer: This article was written by the writer to provide guidance and understanding of cryptocurrency trading. It is not an exhaustive article and should not be taken as financial advice. Obiex will not be held liable for your investment decisions.