Comparison of Yellow Card vs Flipster [ 2024 ]

The crypto exchanges compared by their commissions, cryptos, security and much more. Here is the Yellow Card vs Flipster comparison!

Your expert: Alejandro Borja

Yellow Card

Yellow Card

Your expert: Xavier Tarrasó

flipster

Flipster

Main points

Fees

hidden

Earns

No

Customer service

4/5
0%

Fees

No

Earns

2/5

Customer service


Recommended for

Beginners

Yes

Trading

No

Passive income

No

Buy and hold

Yes
No

Beginners

No

Trading

No

Passive income

No

Buy and hold


Comparison of fees

Rating

3.8 – Reasonable fees with strong local support in Africa.
3.8 – Competitive fees with additional benefits for high-volume trading.

Level

hidden
0%

Brief explanation

Yellow Card’s fee structure is designed to be straightforward and competitive, particularly catering to its primary audience in Africa. The platform charges a nominal fee on transactions, which varies slightly depending on the payment method used and the specific fiat or cryptocurrency involved. These fees are generally on par with regional standards and are structured to encourage frequent small transactions, which is typical among its user base. This makes Yellow Card an appealing option for users who value transparency and affordability in their trading activities.
Flipster operates on a competitive fee structure, making it an attractive choice for traders. The platform charges 0% trading fees for both makers and takers, which is notably lower than the industry average. This fee model allows users to maximize their trading profits without worrying about high transaction costs. Additionally, the platform offers no deposit fees, further reducing the cost of trading. Withdrawal fees are transparent and depend on the specific cryptocurrency being withdrawn, aligning with standard practices in the industry. For users interested in leveraged trading, Flipster’s fees remain competitive. The cost-effectiveness of trading on Flipster, combined with its extensive range of over 200 cryptocurrencies, positions it favorably against many other exchanges. This transparency in fee structure, coupled with the absence of hidden charges, ensures that traders can plan their strategies without unexpected costs, making Flipster a highly economical choice for both novice and experienced traders.

Yellow Card

Flipster

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Direct link to the website

Product selection

Native token

No
No

Earns

No
No

NFT marketplace

No
No

Cripto/debit card

No
No

Company information

Full name

Yellow Card Financial
Unknown

Regulation

Not regulated
Not regulated

Year founded

2016
Unknown

Founder

Chris Maurice
Unknown

Payment methods

Transfers

Yes
No

Mastercard

No
No

Wire transfer

No
No

Card

No
No

Comparative table

Yellow Card FEATURES Flipster
Yellow Card supports relatively low minimum trades, making it accessible for beginners who might want to start small.
Minimum Trade
The minimum trade amount on Flipster is user-friendly, allowing beginners to start trading with a small initial investment.
The platform offers competitive fees, though not the lowest in the market. This could be more attractive with clearer fee structures.
Trading and Transaction Fees
Flipster charges moderate fees, which are competitive but not the lowest in the market.
Offers only a limited selection of cryptocurrencies, which could be a limitation for those looking to trade beyond the most popular coins.
Number of Cryptocurrencies
Flipster offers a wide range of cryptocurrencies, providing users with ample choices for diversification.
Limited trading pairs are available, focusing primarily on major cryptocurrencies, which restricts trading strategies.
Crypto-to-Crypto Trading Pairs
The platform supports several crypto-to-crypto pairs, though the selection is not as extensive as some competitors.
Yellow Card’s website provides clear information about their services and fees, enhancing user trust.
Website Transparency
Flipster maintains a transparent website with clear information on fees, terms, and supported assets.
Yellow Card lacks an exchange card, missing an opportunity to extend additional benefits and conveniences to its users.
Credit/Debit Card
Credit and debit card support is available, but with higher fees compared to bank transfers.
Provides secure storage options, though details on cold storage or insurance would enhance user confidence further.
Storage Offering
Flipster provides secure storage options with robust security measures for users’ assets.
Offers basic staking services but lacks the variety and competitive rates found on more established platforms.
Staking and Rewards
Staking options are available, offering moderate rewards for users who participate.
Both mobile and desktop platforms are user-friendly and highly functional, suitable for traders on-the-go or at home.
Mobile App and Desktop
The platform offers both a mobile app and desktop version, both of which are well-designed and user-friendly.
Generally responsive and helpful customer service, although peak times can see slower responses.
Customer Service
Customer service is responsive and available through multiple channels, though some users report occasional delays.
Supports multiple deposit and withdrawal methods, though some users may find the options limited compared to larger exchanges.
Deposit and Withdraw
Deposits and withdrawals are straightforward, but fees can be higher than some other platforms.

Key features

Analysis tools

Basic buying and selling, no advanced tools
Unknown

Mobile APP

No
No

Security

High 4,5/5
High 4/5

Additional features

Crypto-to-fiat services, bill payments, mobile top-ups, staking
Margin trading, futures trading, staking, Flipster Earn program

Anonymity

Yes
Yes

Key points

Available cryptocurrencies

Few, primarily major cryptocurrencies
Information not readily available

User-friendliness

Yellow Card provides a straightforward and easy-to-use platform that is ideal for beginners. The interface is clean and intuitive, making it easy to navigate and execute trades.
Flipster offers a user-friendly platform that is easy to navigate, making it suitable for beginners. The interface is designed to facilitate a smooth trading experience with all necessary features easily accessible.

Value for money

Provides decent value for money with competitive fees and strong local support in Africa, making it a good choice for regional users.
Provides decent value for money with competitive fees and a user-friendly interface, though it may not have the lowest fees compared to some competitors.

Countries of operation

Nigeria, South Africa, Botswana, Kenya, Ghana
United States, Canada, United Kingdom, Australia, Singapore

Best for

Ideal for African investors seeking a reliable platform with competitive fees and strong local support.
Best for traders seeking a user-friendly platform with competitive fees and a wide range of supported cryptocurrencies.

Base currencies available

Multiple local currencies, BTC
Not widely known

Account

Trading

Yellow Card is a popular exchange in Africa, offering easy fiat integration and a user-friendly platform. It supports a good range of cryptocurrencies but has higher fees compared to some other exchanges.
Flipster provides a secure platform with a decent range of cryptocurrencies. It has competitive fees but lower liquidity compared to larger exchanges.

Deposit and withdrawal

Yellow Card is popular in Africa, offering easy fiat and cryptocurrency deposit methods. Withdrawals are processed efficiently, with competitive fees.
Flipster offers standard deposit and withdrawal methods like bank transfers and crypto deposits. Withdrawals are processed efficiently, with low fees.

Account opening process

Yellow Card provides a straightforward and user-friendly account registration process. Users need to provide personal information and verify their identity. The process is efficient and typically takes less than a day to complete.
Flipster offers an easy and quick account opening process. Users need to provide personal information and verify their identity. The process is fully digital and typically takes less than a day to complete.

KYC required?

No
No

Customer Service

Yellow Card provides support through email and live chat. The response time is quick, and the support team is available 24/7, making it reliable for users in Africa.
Flipster offers customer support via email and live chat. The response time is quick, but the support team is not available 24/7, which may be a drawback for some users.

Security

Yellow Card employs comprehensive security measures, including 2FA and cold storage. It is regulated by African authorities, ensuring high security for investors.
Flipster employs robust security features, including 2FA and encryption. However, it lacks regulation from major financial authorities, which might be a concern for some investors.

Which of these exchanges is for you?

As an expert closely analyzing Yellow Card, I appreciate its focused approach to serving the African market. Its user-friendly interface and support for local payment methods make it an excellent choice for newcomers. However, I recommend potential users consider the limited variety of cryptocurrencies offered. This platform is ideal for those starting their journey in crypto trading or those who primarily deal with major cryptocurrencies.
As an expert at Threenvest, I highly recommend Flipster for its user-friendly interface and comprehensive trading options. Whether you’re new to crypto trading or an experienced trader, Flipster offers a wide range of over 200 cryptocurrencies and leverage up to 50x, making it an ideal platform to explore and maximize trading opportunities. The innovative Flipster Earn Pool is a unique feature that allows you to earn passive income on your idle funds. With robust security measures and 24/7 customer support, Flipster ensures a reliable and secure trading experience.

How do we review crypto exchanges?

At Threenvest, we conduct a thorough review process to evaluate and rank the world’s leading crypto exchanges. Our goal is to offer an unbiased assessment, providing you with the information you need to make informed decisions on which ones best suit your needs. We strictly adhere to the guidelines of our editorial policy.

 

We collect data directly from exchanges through detailed questionnaires and conduct first-hand testing and observations during crypto exchange demonstrations. Questionnaire responses, combined with demonstrations and hands-on research from our experts, feed into our proprietary evaluation process that scores each provider’s performance on more than 15 factors. The end result produces star ratings ranging from poor (one star) to excellent (five stars).


For more details on the categories considered when rating brokers and our process, read our full methodology.

Risk Disclaimer

Investing in cryptocurrencies is very risky, you should only invest the money you are willing to lose. Also you should not expect to be protected if something goes wrong.

Neither Threenvest, nor the author, are recommending you to invest with this article.

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