Opinion about YoBit

YoBit it is one of the many platforms out there to invest in cryptocurrency pairs. If you have done some research online, you have probably seen that there have already been some other scams on the market, so we have submitted this website on our website, to conclude that in our opinion YoBit is not a scam and is legit.

The truth is that YoBit does not offer much information and apart from testing the platform, there are not many ways to know if it is a good platform or not. That's why we offer this review, in which we give you our opinion.

Our experience

The services of this platform stand out for giving the opportunity to access a wide diversity of cryptocurrency pairs. Although the number varies over time, since coins appear and disappear. As of the date of this review we have seen more than 6000 pairs available. So this platform is very good if you want to invest in the most exotic currencies. Just do it with caution because if bitcoin is already volatile in itself, other lesser-known cryptocurrencies are even more so.

The second strong point of this website is the chat that you can see on the right. Few platforms allow interaction with other users and in this case it is possible. There you can find out about rumors, news or just exchange opinions. Of course, be careful with information that comes from anonymous sources, but using it wisely can be helpful and in any case fun.

Is YoBit a scam?

There are logical doubts about whether YoBit is a scam because the website basically offers no information. According to our experience, YoBit does not commit fraud and can be invested through its website, but that said, it does not offer you any guarantee that it will continue to be like this in the future. If they disappear, you will simply have nowhere to look.

You have to be careful because among the cryptocurrency pairs they offer, cryptocurrencies similar to the official ones sneak in, but they are not, which can generate confusion and problems for less expert users. Before making any type of investment, make sure that you are actually trading the cryptocurrency you want to trade.

Therefore, this platform only justifies its use for those who want to be able to invest in exotic cryptocurrencies that are not available on other more secure platforms such as those we suggest in Estafa.info .

YoBit promotions

YoBit currently has no promotions. We are not surprised because it is the usual use on all platforms of this type. As you will see in the following section, their rates are good enough that it is worth trading with them without the need for any promotion.

Trading cryptocurrencies on YoBit

The truth is that trading cryptocurrencies here is so simple that even a child could do it. The offer of them is immense.

Registration on the platform is free. The information they offer about each pair is at the level of any other platform with a chart, the history of recent trades and the list of open offers on the market along with their volumes. The graphics options are very limited. In fact, you can only change the time intervals, but you cannot draw lines or add technical analysis indicators. It is also not particularly missed, because exotic cryptocurrencies usually do not have enough volume for the charts to enable sufficient technical analysis.

There is no shortage of well-known currency pairs such as bitcoin, ethereum, bitcoin cash, etc. However, as we have already said, if the investor is going to dedicate himself to these, we would recommend companies with more security baggage.

The commission per operation is 0.2%, a very interesting price since it is below the usual 0.25 %.

As a curiosity, they offer a Vegas Palms game as if it were a casino, in which you can bet if the final value of the spin will be greater or less than a number and double your money if you get it right. Of course, there is no guarantee that this game will work with a random number generator, but we don't really see a reason why you would want to bet this way either. great online casinos like these .

Payment methods

You can deposit money using a large number of cryptocurrencies. The limits, commissions and deadlines depend on which one you choose.

We have to say that the deadlines for the withdrawal of money can be very long, in fact too long. In our experience, the money ends up arriving, but sometimes the process is worrying.

Safety and regulations

We believe that YoBit is not a scam or a scam, but we cannot talk about its regulations because it simply does not follow them. Trusting them is an act of faith.

As for the security measures, they do follow the market standards. You will find that the entire website is encrypted with SSL, that to log in you can configure authentication in two steps with the Google app and that they use a code system that offers a small extra security in transactions.

They have protection against DDOS attacks so a prolonged server down is unlikely.

Customer service

The customer service is very fair. The only contact option is a ticket system via the contact form. There is no information about customer service hours, no phone, no live chat, not even a physical address to write to them.

Attention times are also not good and the first response will rarely solve your problem. So while everything is going well perfect, but if you have any problems you should arm yourself with patience.

It is noteworthy that it also does not have a help or FAQ section, since it would help many users solve their problems on their own without having to wait for the support service.

Functionality of the website

The website itself is what works best on this platform. It is completely in English and there is no New Zealand version, but it is very intuitive and easy to use. It has no great artifices, as you enter you see the cryptocurrency pairs and by making a simple click you will have the option to invest in them.

We like that there is no room for distractions and the only but that we put is the but that has been repeating throughout the entire review: there should be information about the company with which we are dealing.

Mobile application

There is no mobile app from this provider and the website is not optimized for mobile devices either. So to invest from the mobile presents many problems. Firstly, because everything is too small and you have to keep making and removing zooms, and secondly, because the graphics make the zooms uncomfortable to use. Of course, if you want to invest from mobile you must choose another platform.

Finding

This platform is only suitable for experts. The security measures of the website are sufficient, without being very good, but the information about the company responsible for the platform is non-existent, which invalidates the guarantees that you could have as a user. In addition, there is no mobile app and the customer service is poor.

It can be an option to invest little money if you take this as a game or if you are really an expert. But for most users there are better options out there. We recommend that you visit our page with the best platforms to invest in cryptocurrencies and choose one of them.

You don't have to have problems here, but if you do, there will be nothing you can do.