Review on YoBit by Cesar Medina
An exchange only for experimenters as it is not that reliable
This exchange offers trading and cryptocurrency pairs. The best thing is that it is not regulated but we do not know who is behind the platform, therefore, there is a lot of mistrust on the part of users. In addition, it will be very useful for those who do not want to reveal their identity due to the anonymity it offers. We won't have to go through a tedious mandatory KYC process. However, it is only a platform suitable for the experienced. It has good security measures but they do not reach the level of being reliable, the information of the company is not known, it is non-existent, which means that users have no guarantees. Also, there is no mobile app and the customer service is bad. Although, it can also be an option for experts who want to invest.
In general, YoBit is an exchange only suitable for experienced users because beginners will be mistrusted by all the poor features that it has. However, we will not go through an annoying verification process and will start trading quickly.
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Pros
- Easy-to-use special interface for experts. Multiple cryptocurrencies. Features for user safety.
Cons
- It has been criticized very negatively and is not reliable.
