Review on YoBit by Killer Bean
My encounter with Yobit exchange.....
Yobit exchange was quite the exchange I've been looking for, I have used it for two years actively. It was established in 2014( giving it six years of solid experiences till date). Yobit exchange is an exchange allowing for the trading of various cryptocurrencies like Bitcoin, Ethereum, Litecoin, Tron and even Yobit's very own coin, Yo token. Yobit comes with a very nice user interface which I was very much impressed with. In short, it is a very simple exchange one can trade on. The fees charged on Yobit is very affordable, this accounts for its high liquidity. Though Yobit was a trading and an exchange platform, I was able to devise a means of earning passively, this was through the affiliate program. By inviting other traders to trade on Yobit, yobit rewards the invite by reducing their fees by 20%. Registration of account was not a problem for me, I was intrigued when I discovered that Yobit didn't require KYC for verification, only your email address. I am a member of the customer support group on Telegram( it seemed to be the only one available) and I can say that the support team is very responsive and active, the only problem was the number of participants in the group. The group contained over 80,000 people, this made the group very choked up. It'll be nicer if the support group had an extension on other social media like Facebook, Twitter and Gmail. Yobit exchange should be one of the best exchanges i have come across as a trader.
ο»Ώ
Pros
- It has a really impressive user interface
- It supports deposits via fiat currencies and cryptocurrencies
- It supports various languages like English, Chinese, Arabic and some other major languages
- It charges a relatively low fee although Exchanges like Binance still charge lower fees
- Users can earn passively with the amazing affiliate program, this program comes with a nice referral bonus
- Registration doesn't require KYC and AML verification hence, registration is very easy and fast
- It supports trading of a wide range of cryptocurrencies
- It offers a nice customer support on Telegram
Cons
- The Telegram support group is choked up
- The exchange doesnt allow for margin trading
New products
Comments (1)
December 22, 2020
Hi Abdullahi, excellent review. Do you think YoBit can keep up all these years with all the complaints he has received? I think that maybe it will continue to do so due to the airdrops they have launched, but he has already lost a lot of confidence.
