Review on YoBit by phuong cong
Yobit was an exchange listing a lot of coins with low liquidity
Yobit was an exchange launched in 2015 by the Russian team, introduced on the famous cryptocurrency community Bitcointalk, which has a good interface, fast processing speed, and high security.
It also lists many altcoins with BTC, USD trading pairs. Many coins can only be traded on Yobit.
At first it only provided services to Russian customers but later it developed into a global trading platform with users from all over the world.
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Pros
- The key of Yobit is that it lists many types of altcoins, users can trade their cryptocurrencies with Fiat whose support platforms include USD, RUB.
- Its web interface supports 3 languages: English, Russian, Chinese. Recently it added German and Portuguese
- Users can chat with each other on its platform which is a new feature of the exchange.
Cons
- Daily trading volume low, low liquidity.
- Its transaction fee is very high up to 0.2%, fiat deposit fee and withdrawal fees are high
- Information of this exchange has not been verified, it has been investigated by the Russian government.
