YoBit

CryptoCurrency Exchange!

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6.4/10 (Expert Score) ★★★★★
Product is rated as #42 in category Cryptocurrency Exchanges
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Customer Reviews

YoBit Reviews

Петр .

Advanced user of YoBit
★★★★★
Nice exchange for trading altcoins

What do you like best?

I guess that YoBit is about accessibility. This exchange is really comfortable in usage from registration to withdrawal. In comparison with other crypto exchanges, this one, like I said, fish in a barrel. You don't need to have a lot of experience to start trading here. You aren't asked to pass KYC procedure. So, on the one hand YoBit is open to anyone who would like to have a shot at trading without having the proper experience. But on the other hand, it is also suitable for professionals, because of its security and privacy. In addition, knowledgeable people can find here interesting coins before they are listed on major exchanges.

The big plus for me is that YoBit supports fiat currencies, so you don't need to buy cryptocurrencies somewhere else.

YoBit has a friendly community. In addition to chat on the exchange there are discussions in Telegram chat as well.

What do you dislike?

I'm not quite sure I like YoBit's design, however, all the functionality is on the highest level. And that would be great if they create a good mobile app.

Recommendations to others considering the product:

I recommend this exchange. There are no sophisticated ways for conversion, no site hanging, no delaying of orders accepting. But you should be aware when withdrawing your currencies. It is impossible to cancel the transaction if withdrawal is marked as a successful one.

What problems are you solving with the product? What benefits have you realized?

I'm constantly transferring my assets to this exchange. And I've never had a problem with entering or withdrawing cryptocurrencies. But you should trade with caution, which applies to all other exchanges. It is easy to get caught up in some scam, so, I check the coins thoroughly, before investing.

Review source: G2.com

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