1 Level
1 Review
1 Karma
Review on YoBit by Duane Tilden
As a user of YoBit I find it entertaining, however, I am also very wary of any…
As a user of YoBit I find it entertaining, however, I am also very wary of any type of non-standard investment on the platform. It would be easy to lose your portfolio playing dice. Some free coins, and a daily amount of ETC which can add up for small investors. Some currencies can be easily withdrawn, DOGE and WAVES to name two, however, test the waters on some currencies. Especially if they are trading substantially below market as the withdraw feature on the wallet is likely disabled.
Pros
- The exchange has some interesting features and is very easy to navigate. If you like more of a "casino" type atmosphere there are some gambling features, investing tokens for returns, and a free token faucet. The chat box can be informative and amusing. Many coins and tokens available and multiple markets.
Cons
- Problems with some tokens. Be aware of pump and dumps and other schemes. Many complaints in chat box about disabled wallets, or high fees for withdrawals. Some currencies appear to have wallet withdrawals indefinitely disabled. Also disclosure on wallet status is deceptive. Support is slow.
