[Exchanges](https://revain.org/exchanges/) › YoBit

# YoBit: licences, security, fees and reviews

Centralized exchange

## In short

- **Legal entity**: Not disclosed; the rules refer to 'Stock Exchange Owners' only.
- **Fees**: Spot maker: 0.2% (BTC/USDT, from the public API, as of 31 October 2026)
- **Risks and caveats**: No operator, address, jurisdiction or licence is disclosed, so there is no identified legal counterparty for users' funds.
- **Checked**: 31 October 2026

## Key facts

- **Type**: Centralized exchange
- **Exchange launched**: 2014
- **Official site**: [yobit.net/en](https://yobit.net/en/)

Key facts checked on 31 October 2026 against official sources and regulator registers.

## What is YoBit

YoBit (YoBit.Net) is a centralised cryptocurrency exchange that opened in December 2014. It offers spot markets in BTC, ETH, DOGE, USDT, USD and RUR pairs, a public and trade API, and InvestBox and YoFarm earn products. The site does not name the company that operates it.

## Good to know

- The rules name no company: they refer only to the 'Stock Exchange' and its 'Stock Exchange Owners', with no address or jurisdiction. [↗](https://yobit.net/en/rules/)
- YoBit says accounts do not need to be verified (no KYC), and warns that it has no support on Twitter. [↗](https://yobit.net/en/contact/)
- If a coin is disabled, users have 14 days to request a withdrawal, and only while that coin's blockchain still works. [↗](https://yobit.net/en/rules/)
- Roundings to the 8th decimal place are made in the exchange's favour. [↗](https://yobit.net/en/rules/)
- YoBit may freeze an account and ask for documents after complaints from payment systems about theft. [↗](https://yobit.net/en/rules/)
- InvestBox is described as a tool for coin developers to promote their coins, paid from a special fund; some plans cannot be closed. [↗](https://yobit.net/en/investbox/)
- The rules can be changed unilaterally; users must check the rules page themselves. [↗](https://yobit.net/en/rules/)

## Services

| Parameter | Details |
|---|---|
| Spot trading | Order-book trading with BTC, ETH, DOGE, YO, USD, RUR and USDT markets. |
| Staking / Earn | InvestBox: daily-interest plans on deposited coins, funded by coin developers. |
| Staking / Earn | YoFarm: liquidity farming on in-house DeFi pools; no payments when a pool's bank is empty. |
| Fiat deposits | Fiat methods listed include PerfectMoney, Payeer, Volet (Advcash), cards and Russian rouble methods. |
| Own token | YobitCoin and YoChat Token are listed on the exchange. |
| API | Public API (market data) and Trade API (orders, balances), limited to 100 requests per minute. |

## Security and audits

- YoBit states that personal data are encrypted and transferred over protected channels; no audit, certification or proof of reserves is published.

## Security incidents

Further incidents are reported by third parties (press, incident databases) but are not confirmed in the company’s own channels, so they are not listed here.

## Fees

| Parameter | Details |
|---|---|
| Spot maker | 0.2% (BTC/USDT, from the public API, as of 31 October 2026) |
| Spot taker | 0.2% (BTC/USDT, from the public API, as of 31 October 2026) |
| Deposits | Crypto deposits free (as of 31 October 2026) |
| Withdrawals | Fee table lists 0.00050000 for all coins; the network commission is calculated at withdrawal (as of 31 October 2026) |

## Who can use it

- Verification: No identity verification is required to use an account, per the support page.

## History

| Date | Event |
|---|---|
| 27 December 2014 | YoBit.Net announced that the exchange was open. |

## Risks and caveats

- No operator, address, jurisdiction or licence is disclosed, so there is no identified legal counterparty for users' funds.
- The rules exclude liability for losses from authorised and unauthorised transactions and cryptocurrency network failures.
- All trades are final and irrevocable, and the rules can be changed unilaterally.
- No proof of reserves, audit or deposit protection is published.

## About the company

- **Legal entity**: Not disclosed; the rules refer to 'Stock Exchange Owners' only.
- **Founded**: Opened on 27 December 2014.
- **Own token**: YobitCoin

## Official links

- Website: [yobit.net/en](https://yobit.net/en/)
- Terms of use: [yobit.net/en/rules](https://yobit.net/en/rules/)
- Fees: [yobit.net/en/fees](https://yobit.net/en/fees/)
- API: [yobit.net/en/api](https://yobit.net/en/api/)
- Support: [yobit.net/en/contact](https://yobit.net/en/contact/)

## Questions and answers

**Is YoBit regulated or licensed?**

YoBit does not disclose any licence, registration, operating company or jurisdiction; its rules refer only to the 'Stock Exchange Owners'.

**What are YoBit's fees?**

The public API shows a 0.2% trading fee for buyers and sellers on BTC/USDT, and crypto deposits are free (as of 31 October 2026).

**Does YoBit require KYC?**

YoBit's support page says accounts do not need to be verified.

**Does YoBit publish proof of reserves?**

No proof of reserves or audit is published on yobit.net.

**When was YoBit founded?**

YoBit.Net announced its opening on 27 December 2014.

## Sources

- [YoBit — homepage](https://yobit.net/en/)
- [YoBit — Rules and Regulations](https://yobit.net/en/rules/)
- [YoBit — Fees](https://yobit.net/en/fees/)
- [YoBit — Support](https://yobit.net/en/contact/)
- [YoBit — API documentation](https://yobit.net/en/api/)
- [YoBit — public API fee endpoint (BTC/USDT)](https://yobit.net/api/2/btc_usdt/fee)
- [YoBit — InvestBox](https://yobit.net/en/investbox/)
- [YoBit — YoFarm](https://yobit.net/en/yofarm/)
- [YoBit — homepage, Wayback 2 January 2015](https://web.archive.org/web/20150102060644id_/https://yobit.net/en/)

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Page updated: 2026-10-31

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Source: https://revain.org/exchanges/yobit/