Header banner
Revain logoHome Page
Joseph Bello photo
V.I
1 Level
428 Review
1727.75 Karma

Review on YoBit by Joseph Bello

Revainrating 4 out of 5

An exchange for both the Russians and non-Russians

I would like to share my experience about an exchange I have used for four months, now that i have gained an in depth knowledge of how it works. It is not other exchange but the YoBit exchange. Created by Russian developers whose identity were withheld, this exchange has been in operation since 2014 despite the strict laws imposed by regulatory bodies on crypto trades in Russian. The exchanges sign up process wasn't a gruelling task for meas it was concluded in less than 5minutes together together with the confirmation email sent to setup my account.
This exchange has gotten attention from many traders including non Russians because of its moderate and affordable fee of 0.2% of the total trade for both the makers and traders. I'm quite comfortable with the opinion that both makers and taker are charged at the same rate and one of them doesn't get to enjoy the low fee all alone .
The only hassle I'm having with the exchange at the moment is that it is doesn't have a mobile device application yet,I will appreciate it if the developer can put this into consideration in their next upgrade for the benefit of we the users.
In my own view and perception this exchange is the epicenter of all Bitcoin and altcoin transaction because of its enormous transaction ,execution speed and availability of over 500 trading pairs.

๏ปฟ

Pros
  • They charge a low trade fee of 0.2 %
  • They have a fast execution speed
  • It has some features like investbox and Yopny where you can earn more rewards
  • Availability of large variety of altcoin for trade
Cons
  • it has made provision for a mobile device application

Similar reviews