Review on YoBit by toan van
The exchange supports less popular coins and less liquid coins
Yobit exchange, founded in 2015, is headquartered in Russia. This is a digital exchange that lists a variety of cryptocurrencies along with Fiat trading pairs which are the base currencies of this exchange instead of stablecoins. Currently the exchange supports 3 languages including (English, Chinese, Russian).
To trade on this exchange, users need to create an account. The steps to create an account are quite simple, they only need to provide email, name, password to start participating in the trade.
Pros
- The interface is simple, quite visible to even newbies
- It lists many coins / tokens (including popular and less popular coins)
- Quick deposit and withdrawal
- For security, it supports 2fa which authenticates via mail
Cons
- The transaction fee is expensive, it charges 0.2% per transaction
- Currently it supports very few languages in its interface, the customer support team is not good compared to other platforms.
- Fake trading volume
- I Did not find too much information of Yobit
