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5 Karma

Review on YoBit by Issam Sam

Revainrating 2 out of 5

Use Yobit at your own risk.

  • The team behind Yobit exchange doesn't look to take so much care in building a good reputation , anybody can check reviews about their communication channels in different forums, while just focusing in get more traffic and promote for unknown projects held by their investbox or IEO. It is mandatory not to use this exchange with big amounts which you can't afford to loose.
  • The Yobit exchange recently launch its own forum called Cryptotalk and actually using it to promote some new altcoins from their investbox promising users a high daily earn.
  • I don't recommend anybody to follow its offers and look for good opportunities outside of it; try to use it just for small trades. Yobit is an exchange and not an invest platform.
  • As a regular user, despite i didn't face any issue with Yobit, i read a lot of claims against it and see a lot of rising flags that warns me not to fully trust Yobit.
  • ο»Ώ

    Pros
    • Contains the majority of pairs in the market.
    • High trading volume.
    • Flat fees.
    • Ownership verification set at high levels.
    Cons
    • Worst support ever.
    • Shady behaviors like investbox and airdrops, in order to deceive users.
    • A lot of users lost their deposits for a reason or another.

    Comments (1)

    Please, sign in to write a comment
    December 29, 2019
    The worst of this exchange is its bad reputation. Although to be honest I never had problems with yobit. Good review

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