YoBit

What is YoBit?

YoBit Exchange is an online centralized platform to trade cryptocurrency without KYC and support fiat money. It offers more than 500 cryptocurrencies and more than 8500 active pairings. Yobit Exchange delivers a simple-to-use interface for those amateur and advanced crypto users. Their volume over is more than $200M daily. Tt is one of the top ten exchanges in terms of traffic, liquidity, and trading volume nowadays. Also, the more than 6-year track record makes it one of the oldest exchanges in the exchanges.

Who is the Founder of YoBit?

YoBit cryptocurrency exchange was founded by a group of crypto enthusiasts and traders from Europe in 2014. Then it was first announced on BitcoinTalk forum on Jan. 5, 2015. Today, the company is registered as YoBiCrypto Corp. in Panama and the service is available in Russian, English, and Chinese.  The exchange remains one of the very few cryptocurrency exchange which doesn't provide any information regarding where it operates from, who owns it or who forms its team. Its website builds as an anonymous trading platform.

What are the Main Features of YoBit?

• Low trading fees. It will only cost you just 0.2% in every trade on YoBit. The exchange does not offer different fee tiers based on your trading volume.
• KYC is not required. It makes you sign up and trading on the platform easily and conveniently.
• YO token and YoBit IEOs. YoBit exchange has its own YO token. Moreover, the platform organizes regular IEOs via its platform, allowing its clients to invest in hot new crypto projects.
• Free cryptocurrencies. YoBit also offers ways for you to earn free coins.
• Fiat-to-crypto trading is supported. It supports deposits or withdrawals in cryptocurrency and fiat money by way of AdvCash, a debit card, Payeer, and Perfect Money.
• Customer support. 24/7 support is available on Telegram.
• Affiliate program. 20% of trade commissions were paid by Yobit for every trade that referrals make.
• Multi-languages are supported. It supports Chinese, English, and Russian.

Is YoBit Legal in the USA?

YoBit is a worldwide exchange that does not specify any restrictions based on the user’s jurisdiction. That means anyone is free to access and trade on the platform, regardless of geographic location.

However, if you're serious about your trading, or come from the state where cryptocurrency trading is prohibited by law, be sure to consult the local legal department first to avoid unforeseen consequences later.

Is Yobit Safe?

YoBit exchange has managed to keep a clean track record when it comes to hacks and other security breaches.

• Yobit uses the robust trading engine to delivers speedy and reliable performance and offers the choices to facilitate two-factor authentication on your account, gives an additional panel of protection for any transaction you deposit. YoBit users can use Android or iPhone app to add a one-time password (“TOTP”), Two Factor Authentication confirmation each time when login in or request a withdrawal.
• YoBit also provides an email login verification step to deliver an extra layer of security.
• YoBit users can also use “Freeze Withdrawals” if they concerning about theft.

Although security measures have been implemented by cryptocurrency exchanges, it can't fully guarantee the security of users' funds. In addition to depositing funds on centralized cryptocurrency exchanges, users can also choose to transfer funds to reputable wallets to reduce risk. However, each method contains certain risks, users need to compare and choose the most appropriate one based on their specific conditions.

How to Deposit & Withdraw Your Assets on Yobit?

YoBit allows users to deposit and withdraw in cryptocurrencies or fiat money.

Deposits

• Registration: open a YoBit account.
• Select the appropriate crypto wallet listed on the “Wallets” page and click the deposit option, in the case of transferring already held cryptocurrencies.

Withdrawals

Users are able to withdraw cryptocurrencies by transferring out from YoBit wallet to another compatible wallet. The withdrawal of fiat money from YoBit fiat money wallets are also supported.

• Select the wallet from which you wish to withdraw your cryptocurrencies and click the Withdrawal option.
• Paste your destination wallet address, enter the number of coins you wish to withdraw, and click “Withdraw Request”.

Fiat money deposits and withdrawals can be made by AdvCash, debit cards, Payeer, and Perfect Money.

What is the Fee of Yobit?

• The platform charges a fixed fee for both makers and takers, taking 0.20% per trade.
• According to cryptocurrency being withdrawn, withdrawal fees are vary.
• If you want to know the more information anbout the fee of Yobit, please visit the Fee page on the official site: click here

How Can I Contact Yobit Customer Service?

• Yobit Live phone support: +1-800-509-3075
• The official address of the exchange is 0801-3254 Panama City, Plaza 2000 Tower, Calle 50 Panamá.
• Yobit Help Center: https://yobit.net/en/support/

Or try these social media to get Yobit customer service.

• Twitter: https://twitter.com/YobitExchange
• Facebook:https://www.facebook.com/yobittrading
• Telegram:https://t.me/Yobit
• Ins:https://www.instagram.com/yobitexchange
• Reddit:https://www.reddit.com/r/yobit/

How to Download Yobit App?

Yobit does not have a mobile app for Android and iOS.