Review on YoBit by Othere Obtentus
Yobit Investbox scam
Yobit is a marketplace for trading cryptocurrency. But there is a special feature that differenciates Yobit with other market i.e. Investbox. Yobit declares they will give 0.1% daily or 3% monthly returns on every body sending their Bitcoin. So if a thousand customers send 1 Bitcoin each, they will pay out a total of of 30 Bitcoin along with the one thousand Bitcoin they received, every month. When you implement the same formula to the distinct crypto they noted in their funding schemes, you can see the complete scheme is unsustainable. So how can they maintain on going without exit-scamming? By operating all sorts of fake IEOs and listing all kinds of tokens and taking charges to do so.
Not only that, Yobit is offering clients to make investments in schemes but the price of the investments will sink while the Bitcoin and other crypto used to buy them will continue to be profitable. You can indeed get daily interest on the currency you invested in. But the price decrease alone exceeds the profit that can be every day. Even by compound the results you can also will not return the total amount of capital you invested.
Pros
- Red flagged
Cons
- Nothing on their website terms and conditions which can be used to identify or locate them
- Price decrease of the invested currency alone exceeds the profit that can be earned every day
- They are running all sorts of fake IEOs and listing all sorts of coins not found in any other exchange
- You have zero legal protection against any felony
