Buy Bitcoin In Zambia With SPENN
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June, 23 2023
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Yellow Card is constantly expanding its reach to ensure that Zambians can easily access cryptocurrencies. With the introduction of the payment option, SPENN Zambians can buy bitcoin quicker and more easily.
Crypto use and adoption in Africa have been on the increase in the last decade. Between June 2020 and July 2021, Africa's crypto usage increased by 1200 percent, making it the world's fastest crypto adoption rate. Yellow Card has been at the forefront of this, making cryptocurrencies available to millions of Africans across the Globe.
Yellow Card is a FinTech company with a mission that emphasizes "financial inclusion for all." Recognising the limitations of the traditional banking system and the potentials cryptocurrencies hold for the financial ecosystem, Yellow Card is dedicated to making it accessible to Zambians.
The cryptocurrency market in Zambia is fast-growing, with several people using cryptocurrencies like bitcoin, ethereum to perform their day-to-day transactions. Zambians can easily carry out local and international transactions at a minimal cost. International transactions that often take hours or even days to complete can now be accomplished in minutes.
Yellow Card offers a platform where Zambians can buy bitcoin in Zambia at the best rates in just a few clicks. With the security measures and data encryption that Yellow Card incorporates into its system, Zambians may be assured of top-notch security. Yellow Card provides an infrastructure that Zambians need to access affordable payments, savings, remittances, credit, and more.
Yellow Card is constantly expanding its reach so that Zambians can continue trading bitcoin without any hassle. With this in mind, Yellow Card introduces a new payment method that would ease crypto transactions for Zambians, SPENN. SPENN powered by Access Bank is a banking application that shares a similar vision to Yellow Card: giving everyone equal financial opportunities and empowering all Zambians through innovative technology. With SPENN, Zambians can easily buy bitcoin, transfer money, and get paid instantly at no extra cost. Zambians can quickly process cross-border payments on the Yellow Card platform in just a few taps with its Smart interface.
How to Buy Bitcoin With SPENN
Yellow Card’s partnership with SPENN allows you to purchase bitcoin in your local currency and at the best rates in just a few clicks. In order to purchase bitcoin with SPENN, you would first have to own a Yellow Card Account. If you don’t have one, you can sign up for free in just a few minutes. You can either create an account on Yellow Card web or the mobile app available on Google Play store and iOS.
- Sign in to your Yellow Card account
- From your dashboard, select deposit.
- Under the payment method, select SPENN
- Confirm that you have a SPENN account. (Please keep in mind that to use SPENN on Yellow Card, you would need a SPENN account)
- Enter your mobile number registered with SPENN
- Indicate the amount you wish to deposit
- Click on the “Review and Confirm” button and confirm the transaction
- Open your SPENN mobile app
- On your SPENN mobile app, you would find on display the amount requested by Yellow Card Zambia.
- Swipe to confirm the deposit
- Your Yellow Card account will be credited instantly with the deposited amount.
Read also: How Crypto Can Enable Trade in Africa
How to Withdraw Bitcoin to SPENN in Zambia
You can also sell bitcoin on Yellow Card and receive your funds via SPENN. This could be bitcoin that you have in your Yellow Card wallet, or it could be bitcoin that you send from external wallets to your YC wallet. To withdraw money with SPENN:
- Sign in to your account
- Select the withdrawal option displayed on your screen
- Select withdraw with SPENN
- Confirm that you have a SPENN account
- Enter your mobile number registered with SPENN
- Indicate the amount you wish to withdraw
- Confirm the transaction
- Open your SPENN mobile app
- Select the Yellow Card withdrawal request and confirm the transaction
- Your funds will be instantly credited to your account.
Yellow Card creates a trusted and secure platform to buy bitcoin in Zambia. With its multiple payment options like SPENN users can complete local and international transactions in a few taps. Zambians could stand to gain a lot from Bitcoin and Yellow Card provides an avenue to ensure they buy and selling bitcoin is not a challenge.
Disclaimer: This article is for information purposes only and should not be construed as legal, tax, investment or financial advice. Nothing contained in this article constitutes a solicitation, recommendation, endorsement or offer by Yellow Card to buy or sell any digital asset. There is risk involved in investing or transacting in digital assets, please seek professional advice if you require one. We do not assume any responsibility or liability for any loss or damage you may incur dealing with digital assets. For more information on Digital Asset Risk Disclosure please see - Risk Disclosure.