Review on YoBit by Robiul Islam
Yobit has very different bad reviews.
I've personally used YoBit few times and from my experience I would say it's better not to trade here! Unless you're obliged. This is an uncontrollable exchange, with the fraudulent activity of any company thinking of trading on a platform that should raise a big red flag for anyone.
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Little information is available about where it is or who is behind the platform. In the past it was investigated by Russian authorities that must suggest that the exchange is located in Russia, no information is available about where the platform is registered.
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If you want to know about their fees, you need to check their website, because the fees depend on the currency, If I go into detail about this, the reviews will be much bigger that I don't want. π€£ο»Ώ
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As such it is safe to assume that this is a controlled platform and if you decide to use it, you expose yourself to a higher level of risk.
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Pros
- Multiple deposit options.
- Ability to deposit fiat currency.
- Lots of cryptocurrencies are listed and a wide range of trading pairs.
Cons
- Suspicious trading activity and reports of the exchange under investigation by Russian authorities.
- There are many reviews that they take a long time to withdraw from their exchange.
- Unregulated exchange.
New products
Comments (2)
May 07, 2020
I confess that I am a user of Yobit, and a negative point I see is the fact that there are many coins with almost zero value, irrelevant in the face of the cryptographic scenario, apart from the fact of false pumps which can generate discomfort on the part of its users, I even I have been there. Yobit really leaves something to be desired.
October 01, 2019
This is one of the exchanges with worse rating and still continues in the market. There are many complaints of scams also many chains or are updated so it is impossible to make withdrawals from some assets
