Review on YoBit by Praise Olagbadun
Yobit Exchange Platform
in Panama. The platform is known for its cheap transaction fee of 0.2% which is better when compared to the general market average transaction fee of 0.25% and this transaction fee is same for both makers and takers. The platfo is known to support about 201 cryptocurrencies, making it trader's choice as they are exposed to various cryptocurrencies
The platform is multi lingual as it supports English Language, Russian and Chinese Languages. Yobit allows deposits through wire transfer, credit cards and cryptocurrencies
The exchange platform was founded in the year 2014 and has led the crypto market ever since until the market frenzy that occured in the year 2017 and cause its drop
There is something that makes me like Yobit and use it as my exchange platform, this characteristic is unusual and common to other exchange platforms which is the fact that Yobit supports trading of fiat Currencies
The modern digital currency exchange platform has a highly rated security and has kept a clean record ever since it was established as the platform is yet to be hacked. The platform allows transactions of a wide variety of cryptocurrencies and tokens which is about 497 in total and transactions are made around the
Pros
- Nice and simple user interface
- The platfo is multi lingual, meaning it can be translated to many languages
- High execution speed
- Low trading fee of about 0.2% which is affordable
- Supports a wide range of cryptocurrencies
- Users can use fiat currency to purchase cryptocurrency
- Optimum security
- 24/7 customer service support
Cons
- Not compatible with Android and iOS operating systems
- The platform is not well known in the cryptocurrency exchange platform
