Virgil dijk

Well actually there are many people who don't like KYC at all there prefer trading anonymously, yobit would have been a good exchange for your friend since it doesn't require KYC but since your friend doesn't like yobit he should try FTX, that exchange is also very nice and only requires KYC from people trading from above 1000 USD

Yobit is a legit exchange for sure and it has been existing for long now , but the problem with yobit which almost every user is complaining about is their poor customer service support and almost thier wallet maintenance, this actually brings panic in the mind of the users because it's so bad when a user is having an issues it can't be rectified immediately because of lack of support team to help resolve issues.

Yes you are right yobit doesn't have an app, its so unfortunate that scammers are everywhere and would make use of any opportunities there come in contact with, yobit doesn't have an app the one on play store is fake and if money is being transferred there it will be gone so it's better to use the site which is working perfectly fine and avoid any app you see and also make sure you use the right link just as stated in this post .

It's better for arbitrage traders to better trade on exchanges which is well known or better still make research about an exchange before trading in it, because most scam exchange uses high volume to attract arbitrage traders and do away with their money.

Everyone has different exchanges there prefer and for sure each exchanges has its advantages and disadvantages so people get to choose the ones there are familiar with, for me I prefer using binance because it's very easy for me to use, I also use yobit but when trading with yobit I do my research before Investing in any coin which is unknown to me .

For sure some prediction later turns out to be true, bitcoin was actually down in 2019 and many people predicted bitcoin reaching 30,000 to 40,000 USD in ending of 2020, tho bitcoin price didn't hit that amount in 2020, but early this January 2021 bitcoin rised to 40,000 USD and it's still increasing bitcoin has created a another history of it rise in price .

This clearly shows not every news affect the marked as we think, most times when we hear a country dump a particular coin we all think the coin will be wrecked or there might be a drastic drop but some times the country authority might ban the coin but it's citizens still trade it so not all news affect the coin price.

Like people will always say "do not put all your eggs in one basket". That saying can also be applied to cryptocurrencies putting all Investment in a coin isn't a good idea because anything can happen, there might be a drastic fall in a coin while other coin might be rising at same time, so this more reason our portfolio needs to be divided and be invested in different coins .

The main barrier of bitcoin is the government and Banks, the government wants to be in control of it's country assets but unfortunately bitcoin can't be controlled by anyone and this is more reason government hates bitcoin, because there can't bitcoin and also can't generate task from it, while the banks sees bitcoin as a threat to thier banking system.

This season is actually the season of the bull, Ethereum has rised so high and has rised to it's peak, it has rised more than 400% from it's actual price and is still rising, for sure many people missed out already, many traders and investors didn't enter when the market was still low and this is a great opportunity missed out already.

For sure altcoins are more faster than bitcoin when it comes to transaction, bitcoin is too congested thereby Making it's transaction slow, most altcoins are low in price and also less congested therefore it's transaction are much more faster than bitcoin, this is why most people prefer using altcoins for making transaction because thier transaction fee is low .

I think what makes bitcoin more special is because it's decentralized, it's transaction can't be traced and also bitcoin isn't controlled by anyone. The value of bitcoin keeps increasing and this makes more people investing in bitcoin because there believe bitcoin value will keep increasing thereby giving more profits.

For sure the difference between fiat and cryptocurrencies is clear, fiat is controlled by the government and central bank therefore making the fiat currency stable and also fait can be easily traced and tracked, while bitcoin is controlled by no one and also is decentralized which means it can be tracked, and this is more reason why most government are against cryptocurrencies.

This is actually a great movement, obviously this bank has got to know the importance of bitcoin implementation and also this would really be profitable to them, bitcoin has a great future and also has alot to offer, it's just that most banks are against bitcoin because there see it as a threat to their banking system.

Obviously I must say you tried in outlining the advantage and disadvantages of yobit platform compared to other trading platform, but for me I would say each and every exchange or trading platform has its advantages and disadvantages, so let's just try and stick to the one we can clearly understand and also manage the advantage and disadvantages. Yobit exchange is actually a good one to trade with.