Review on YoBit by Benaiah A. Akinlade
Trading made easy with YoBit
YoBit supports over 8,000 trading pairs.
YoBit trading platform has an enticing feature for intending users because it doesn’t charge different fees for deposits and withdrawals. There is a flat rate charge of 0.20% for withdrawals and deposits. This is worth mentioning because the average trading fee is 0.25%.
For bitcoin withdrawals, YoBit charges 0.0005 BTC
It allows the deposit of fiat currencies (traditional currencies) and cryptocurrencies. You just need to monitor how much is charged for depositing fiat currencies.
Yobit supports a wide range of cryptocurrencies
Yobit is highly secure and customer information is protected.
It supports just 3 languages; English, Chinese and Russian. But that number is too small as improvements can be made to support more languages.
Pros
- Platform is simple and easy to use
- Private trading feature is allowed
- Supports many currencies
- It is available worldwide
- Trading can be done without KYC
- It supports traditional currencies (fiat)
Cons
- It is most suitable for more experienced traders
- Language support is too low
- Absence of KYC makes platform susceptible to fraud
