How To Buy PYUSD Easily And Securely In Africa

In recent years, the financial landscape across Africa has been rapidly evolving, with more people seeking innovative and secure ways to manage their money. Africans are rapidly embracing the digital revolution, and with it comes the rise of cryptocurrencies. One such cryptocurrency that has garnered attention is PYUSD, a stablecoin that offers several benefits for Africans. In this article, we will delve into the advantages of PYUSD and provide a step-by-step guide on how to buy PYUSD easily and at the cheapest rate. 

Why is PYUSD a game-changer in Africa?

PYUSD is a stablecoin issued by PayPal and pegged 1:1 to the US dollar, which means 1PYUSD equals $1. PYUSD is favoured because it offers a stable alternative for managing your assets compared to volatile cryptocurrencies like Bitcoin and Ethereum.

This pegging ensures that PYUSD retains a consistent value, making it a reliable digital asset for transactions and savings. It is no wonder several Africans consider PYUSD a safe haven for investment as it ensures that your money retains its value over time.  

Here are several other reasons why PYUSD is favoured among Africans across the continent:

1. Hedge against inflation: Many African countries face economic instability, with fluctuating currencies and inflation rates. PYUSD provides a solution to this, offering a stable and reliable form of currency unaffected by local economic conditions.
   This makes it an ideal choice for individuals looking to preserve the value of their assets, especially in regions where local currencies may be subject to inflation or devaluation. 
2. Accessibility:  PYUSD can be easily bought, sold, and traded, providing Africans with seamless access to their funds. This is particularly beneficial in areas with limited banking infrastructure, as it allows individuals to engage in financial transactions using just their smartphones.
3. Security:  PYUSD utilising blockchain technology ensures secure and transparent transactions, providing users with peace of mind regarding the safety of their funds.
4. Easy International Transaction: Sending money across borders can be costly and time-consuming. With PYUSD, you can easily make international transactions without needing currency conversion or facing high transaction fees. For instance, as PayPal USD is available to Venmo customers in the US, you can easily receive PYUSD from the US and convert it to your local currency!

Why Yellow Card? 

Yellow Card is a Pan-African crypto exchange operational in 20 African countries. Yellow Card ensures that your PYUSD transactions are secure and transparent while ensuring you enjoy the best rates. Yellow Card simplifies buying, selling, and transferring PYUSD, eliminating the requirement for a PayPal account.

This eliminates a significant entry barrier for customers. Additionally, Yellow Card employs state-of-the-art security measures to protect your investments so you can have peace of mind. With Yellow Card, you can buy PYUSD from anywhere in Africa using your local currency, making it a convenient option for all.

How to Buy PYUSD on Yellow Card

PYUSD offers numerous benefits, and it is no surprise Africans have taken to buy and invest in PYUSD. Here’s how to buy PYUSD easily on Yellow Card:

1. Log in or sign up for free on Yellow Card.
2. Fund your wallet with your local currency.

• Click on the deposit button on your dashboard and Select the payment method in your country (MoMo, instant deposit or Bank transfer);
• Enter the amount you wish to deposit and confirm the deposit;
• The amount you funded will be reflected in your wallet once confirmed. 

1. Buy PYUSD

• On your dashboard, click Crypto
• Select " PYUSD" among the cryptocurrencies listed
• Click on Buy and enter the amount you wish to buy 
• Confirm your order. 

And voila! Your PYUSD will reflect in your wallet instantly. 

How To Sell PYUSD And Withdraw Your Funds From Your Yellow Card Account

Here’s how to sell PYUSD and withdraw your funds seamlessly on Yellow Card. 

1. Sign in on your Yellow Card account.
2. Click on “Wallet” on your dashboard and select “PYUSD.”
3. Select “Sell” on your dashboard and enter the amount you wish to sell
4. Click Review and confirm. That’s all! You have successfully sold your PYUSD to Yellow Card.
5. To Withdraw: 

• On your dashboard, click on “Withdraw.”
• Enter the amount you wish to withdraw and confirm the transaction. 
• Your funds would be withdrawn directly to your bank account or via Momo.

Why Should You Buy PYUSD On Yellow Card? 

PYUSD offers a world of possibilities for Africans, from safeguarding wealth against inflation to facilitating seamless cross-border transactions. With Yellow Card, buying, selling, sending or receiving PYUSD has never been easier. Whether you are looking to preserve the value of your assets or receive money from the US, Yellow Card has got you covered. Enjoy the cheapest and most secure way to buy PYUSD on Yellow Card. 

Buy PYUSD Now