Review on YoBit by ismail karasahin
Investment or support (The choice is yours)
I have been using the Yobit stock exchange since December 2017.
It is an exchange with quite a lot of altcoin diversity, which was the purpose of my initial use. Recently, it has created many various investment tools such as virtual mining, lending, stakin, and it constantly supports them with a portion of the commission income, which does not leave a bad profit.
However, it does not reassure its users in many ways. The aspect that worries me the most is the customer support. Many of the questions I asked were answered too late, and some were never answered. This makes me very worried in the event of a theft or an error that needs immediate correction. Only KYC offers a VIP support service (not a live call) to users who meet the requirements such as past, large investments, and this makes me feel that the team behind the exchange is inadequate.
Another downside is that many altcoins listed on the exchange have 0 volumes, which shows that they list everyone on their exchanges, regardless of the project. In other words, risky cryptocurrencies that lead to events such as pumps and dump are quite high.
Finally, he did not distribute the awards he promised in the airdrop-style events he recently organized, and this way, not keeping his promises, many people were off the stock market.
When I consider such situations, it can be used for short-term buy and sell transactions, but I think I will not use this exchange for long-term investment. Especially since they have unrelated and inadequate customer support this way.
Pros
- It offers many investment tools that are actively supported by the exchange.
- Has quite a lot of altcoin variety and trading pairs
Cons
- Support section is too slow
- There are many altcoins with 0 volume
- The volume of altcoins is generally low, which means losses due to the high scissors range during trading.
- Not much trusted on the internet due to some events and airdrops it organizes
