Review on YoBit by Stephen Toluwani
Yobit goes beyond allowing trades of assets to extra features included in it's exchange.
There are so little number of exchanges with many great features and Yobit is one of those few that has great features but with some downsides in it's exchange. This exchange has a great support for Users privacy and this is cosplayed by it's No KYC requirements. The exchange supports over 400 Altcoins enriched with over 3700 pairs with good liquidity. Trading on this exchange is quite simple but it's User Interface isn't appealing as new users struggle to find their way around this exchange. The exchange also has no mobile app support and can only be accessed on its website. The exchange has been indicted in various charges but has scaled through and as so can be said is credible
Onto the trading, the exchange charges a high 0.2% fee for both market makers and market takers which I find incondusive although the exchange recompenses for this via it's low withdrawal fees charged for most of its popular assets. With the many exotic pairs this exchange has to offer, fiat trading is also made possible on the exchange by accepting various means of deposits into the exchange. The exchange currently only supports Spot Trading and I don't see plans for any other trading types like Margin
There is also a lot of add-on features on this exchange such as it's investment area with good returns and some reaching 1% returns daily. There is also some games on this exchange for it's users to play and earn from. Regular Airdrops is a common sight on this exchange and users can earn from them by completing various small tasks. To crown it all up on its extra features is it's Chat box support for it's traders to communicate and share ideas
Overall, Yobit is a great exchange but despite being an age old exchange, many latest features of the modern day crypto exchange are not included and shows no sign of. It's still a wonderful exchange and I can recommend it to everyone interested in it's extra features and generalities of an exchange it
Pros
- A large Altcoin Hub as it supports over 400 Altcoins enriched with 3712 pairs
- Withdrawal fees charged are moderate with different fees range charged for each Crypto
- This exchange supports the anonymity and privacy of its users as KYC isn't available on this exchange
- Fiat currencies are supported for deposit and withdrawal
- Multilingual support of 3 languages namely English language, Chinese and Russian languages
- There is an investment section with good returns on its site and regular Airdrops
- There is an in-exchange Chat box for traders interaction
Cons
- There is no mobile app support for this exchange
- The user interface of this exchange isn't great looking
- High trade fees of 0.2% for both market makers and market takers
- No margin trading is supported on this exchange. Only Spot Trading
New products
Comments (2)
October 15, 2020
I used Yobit this month sir. The exchange is a great one and see no reason why you are hating on it. It seems you are yet to have a feel of this exchange from A-Z
It's offers and airdrops are quite legit and only problem faced is that they don't usually have a good value at the end of the day.
October 15, 2020
Your review lacks a lot of info about Yobit.
You and others who left positif feedbacks about Yobit seems not to know anything about it or just writing whatever to fill their profiles here.
