YoBit.net review 2020 - Part 7: Some of the highlights of yobit exchange

[nguyendu1997 140]

The YoBit Wallet

As for any cryptocurrency exchange, we recommend you to use an external wallet to increase the security of your cryptocurrencies. An overview of all possibilities and options of wallets can be found here.

To make a payout, go to the “Wallet” area and select the payout option in the “Withdrawal” column.

YoBit test

Is it safe to use YoBit in 2020?

The security of the trading platform should be a top priority for traders. Therefore, it is crucial that you learn about the security measures and reputation of the platform. Regarding security measures, YoBit has taken several measures to ensure the security of user information, including Secure Sockets Layer (SSL) encryption. YoBit also offers a 2-factor authentication function.

Previously, some users reported long waiting times for payouts, so YoBit has now improved their systems and all payouts are very fast. In case you can contact the telegram support, they will do their best to make sure that the process is faster. Irrespective of this, it is also advisable to take larger cryptocurrencies for payouts or the status of the wallet should be checked in advance.

YoBit reviews

YoBit itself enjoys a good reputation among experts in the crypto industry due to the advantages it offers, as shown by the 166,000 followers on Twitter (as of May 2020). Otherwise, there are also numerous good ratings on the rating portals such as Trustpilot, Cryptowisser and Bestchange. On these platforms especially the very good and fast support is praised, as well as the huge number of Altcoins that can be purchased.

Fees and payment options

As already mentioned, the flat fee for YoBit generally never exceeds 0.2% of the transaction amount. Thus, YoBit relies on a different fee model, like other exchanges (e.g. Binance, Kraken and Coinbase Pro), which use a “maker/taker” model. In addition, YoBit thus positions itself in the lower to middle range, as the industry average is around 0.25%.

The support

As a customer you can log in to your YoBit account and submit a support ticket if you have problems. On their website, YoBit states that they will respond to submitted support tickets within one hour, although it may take up to 24 hours under certain circumstances. If you want more fast way, you can also use the Telegram group of YoBit. There are more than 80,000 people in the YoBit telegram community and 10 admins are 24/7 online to answer any questions. Furthermore, YoBit also offers a chat box on the right side of the website to answer general questions. We have had very good experience with YoBit’s support.

Bottom line

If you want to use YoBit as a marketplace for cryptocurrencies, you should be aware of the advantages and disadvantages we have described. Unlike many other crypto exchanges worldwide, the exchange offers the advantage that no extensive verification of the account is required. In addition, YoBit’s fees are very competitive and are in the lower range compared to the typical maker/taker fees on other exchanges.

Although YoBit has so far focused on the Russian market, the platform is now aiming for worldwide expansion. The numerous positive reviews on the above mentioned rating portals show that YoBit is no scam. Especially for crypto enthusiasts who want to buy rather unknown cryptocurrencies, YoBit is a very good address worldwide.

 

[ramouddz 68]

frankly yobit is an exeptional platform which offers huge opportunities myself I have taken advantage of several

[Grozpilot 136]

Nice YoBit exchenqe progect 💪💪💪

[RS1979 31]

Very good exchange with great opportunities. Yobit airdrops r free for all, no need to hold any BTC for some.

[narto 1]

Very good

[Leonaro david ortiz baron 1]

It is a good exchange without the need for so many kyc processes, it has pairs of cryptocurrencies and not to stop talking about its androips are very goodIt is a good exchange without the need for so many kyc processes, it has pairs of cryptocurrencies and not to stop talking about its androips are very good

[ALBERTOTP010799 0]

The YOBIT airdrops have always been the best, with security and a very good reward in each of their airdeop, so it is convenient to carry out their tasks that they ask for verification.