Review on YoBit by Joseph Bello
My Experience With Yobit Exchange Platform
The Yobit exchange platform is an exchange platform that got me interested in their services. These services are in the form of top notched security, affordable trading fees, multilinguality and responsive customer support. Their services are actually nice but I had problems with using their interface as I found it a bit hard to understand.
The Yobit exchange platform supports trading of hundreds of cryptocurrencies and some Fiats (as it is rare to find an exchange platform that supports Fiat). Their trading services are offered to traders at a cheap and affordable fee of 0.2% for both parties (makers and takers). They also have their own token, Yobit token but this token reduces nothing from their trading fee when used to pay (I was actually surprised to discover that as most exchange platforms give users a discount of 25% or 50% for using their token to pay trading fees). The platform supports languages like Chinese and Russian and with the look of things, they are planning on increasing the languages their interface supports.
Security happens to be amongst the factors that the Yobit exchange platform considers important as they have been able to keep a clean record. This is really rare to find in most exchanges (especially large ones like this one). Moving on to their customer support, I can classify them as one of the best I've come across. The Yobit exchange platform is yet to have a mobile application and I hope they make that available soon.
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Pros
- The exchange platform charges moderately, referring to their trading fees
- They have been able to run the company without any past records of hack or security breach
- Their interface has been translated to different languages
- The platform has a really high processing speed
- Accepts Fiats and cryptos deposits and trading
- Nice customer support system
Cons
- They are yet to have a mobile application available
