What is Yobit?This is a fairly well-known exchange of cryptocurrency, which has more than 5 million visitors a month.
The official opening of the site yobit.net was on August 25, 2014. There is a huge advantage – Yobit reviews 3 different languages on the site:
There is also a chat room where users can easily share information. You can write a message to a specific user by going to the PM page, you need to know the addressee’s nickname.
Unfortunately, on the site, you can`t find information about the owners of the exchange. More information about the latest news of Yobit’s work can be found on the following websites:
Yobit exchange supports 8566 active pairs, which gives it an advantage. However, the volume of revolutions on this service is relatively small.
How to use Yobit?
As on any site, you need to create your Yobit login to start using its services. To do this, you need to go to yobit.net, click on the “Registration” panel and specify the following:
- password (must contain at least 8 characters with a number, uppercase, and lowercase letters);
Then we go to your mail. And within a few minutes, you will receive a letter that will contain a link to activate your account. If the message is not in the Inbox, you should check the Spam folder, sometimes the letters get there.
After activation of the account, we click on the button “Login”, enter your e-mail, password and after that, you get access to your account. The exchange operates without verification.
How to use Yobit for deposits and withdrawals? On the “Balances” page, there is a table that shows the number of user funds for each cryptocurrency. To enter money, click on the “+” sign opposite to the currency you want to purchase. After that, you will see a window , in which your subsequent actions will be described. The withdrawal of money is carried out according to a similar scheme only now click on the “-” sign. There are different ways of paying for entering and withdrawing coins. Here are some of them with the specified Yobit fees:
In the “Market” section you can find information about each of the pairs of cryptocurrencies. This information also can be found in a simplified form in the left sidebar.
How to buy on Yobit? The main section is “Trade”. This is the place where you buy and sell cryptocurrency. In the center, there is a chart that displays information about the selected currency pair: the minimum and maximum prices for the last 24 hours, the volume of trades.
Is Yobit safe?
Security is one of the first questions that arises when we choosing an exchange. As for the issue “Is Yobit safe”, we can say that the site has the following functions to improve the user’s wallet security:
- Configure emails when logging in;
- Freezing of the pins from the account.
Officially, it wasn`t registered Yobit down, so we can say that Yobit scam is absent.
Now let’s sum up this Yobit review 2020, noting all the pros and cons of Yobit.
The exchange has both pros and cons, which is quite normal. Even though some people suspect Yobit fraud, the exchange has many loyal users, satisfied with its services.
We hope this Yobit review was useful for you it will help you in making a choice.
- A large number of cryptocurrency pairs;
- Lack of Yobit verification (for those who wish to remain anonymous);
- 3 versions of the site in different languages;
- A large number of payment methods;
- Support for new coins (users can offer their own cryptocurrency);
- Nice YobitAPI.
- Relatively low volume of trades;
- There are complaints about Yobit support;
- Sometimes the site does not cope with the load and slows down.