If you want to use YoBit as a market for cryptocurrencies, you must be aware of the advantages and disadvantages that we have described. Unlike many other cryptocurrency exchanges around the world, the exchange offers the advantage that extensive account verification is not required. Also, YoBit's commissions are very competitive and in the lower range compared to typical manufacturer / broker commissions on other exchanges. Although YoBit has so far focused on the Russian market, the platform is now targeting global expansion. The numerous positive reviews on the aforementioned rating portals show that YoBit is not a scam. Especially for cryptocurrency enthusiasts who want to buy rather unknown cryptocurrencies, YoBit is a very good address all over the world.