Yobit Crypto Exchange Review: It Is Good Or Bad?

About Yobit Crypto Exchange

Yobit Crypto Exchange is a cryptocurrency trade that became released in 2015 through a collection of unbiased European builders and is included in Panama. Today, YoBit is one of the pinnacle ten exchanges in phrases of traffic, liquidity, and buying and selling volume.

It gives a huge variety of tradeable cryptocurrencies (extra than 500) in over 8500 crypto-to-crypto and fiat-to-crypto markets. It is designed with simplicity and comfort in mind, which means that it’s a person-pleasant trade for each beginner and superior crypto users.

Its strong buying and selling engine promises fast and dependable performance, and its superior security features make sure that person budget stay in wallets which have by no means been hacked before. A savvy investor can also need to participate in YoBit InvestBox activities, games, or preliminary trade offerings (IEOs), at the same time as crypto venture builders can also additionally experience its smooth to apply coin list feature.

Yobit Exchange Basic Points

How To Start ?

How To Sign Up At Yobit Exchange?

It Is Very Easy To Sign Up At Finexbox Exchange . Just Click On Sign Up Button At Website .Fill Registration Form With Correct Details Like Your Email , Phone Number , Password Etc . Once You Fill All Data You Get Verification Link At Your Email . Just Verify Your Link For Successfully Verification.

How To Deposit Fund At Yobit Exchange ?

Once your account has been verified, click on the ‘DEPOSIT’ button, which you’ll find at the top right-hand side of the screen. Choose which currency you want to deposit and then you will be provided with the Wallet details that you need to transfer the funds to .

How To Trade At Exchange ?

Once your account is funded, you can then begin day trading at Valr. Click on the ‘TRADING’ button at the top of the screen, and you will be taken to the main trading area. You now need to select the trading pair that you want to trade. Finally, enter the amount that you want to buy, decide whether you want to do a ‘market order’ or ‘limit order’, and then place your trade.

How To Withdraw At Yobit Exchange ?

Withdrawing your funds from Swipe is very easy. Go to the “Withdraw” window, select the asset you want to take out and fill all the required fields. Note that you won’t be able to withdraw currencies if you haven’t secured your account with 2FA and/or whitelisted addresses.

YoBit Trading fees

This Russian cryptocurrency trading platform doesn’t charge different fees between takers and makers. Their fee model is instead something called a “flat fee model”. They charge 0.20% (regardless if you are a maker or a taker). These fees are quite competitive as the global industry average is around 0.25%. It can also be noted that all Russian cryptocurrency exchanges that we present in Cryptocurrency Exchange List have flat trading fees between 0.10% and 0.20%, so no exception from the rest of the group here.

YoBit Withdrawal fees

Many exchanges have competitive trading fees but then hit you on the way out with their withdrawal fees. Let’s say you have reached your investment goals and you are looking to buy house with bitcoin. In order to buy that house, you need to withdraw the funds. And when doing so, the exchange can make up for its low trading fees by charging you high withdrawal fees when you’re halfway out the door.

Not this exchange. YoBit charges you 0.0005 BTC when you withdraw BTC. From a local (Russian) perspective, this is actually the lowest withdrawal fee that they know of. Very good, YoBit!

Deposit Methods

At YoBit, you can deposit through both wire transfer and credit cards. This can be helpful especially for newer crypto investors.

One should generally look out for the different deposit fees charged by exchanges for deposit of fiat currencies via wire transfer or credit cards, and whereas it might be indifferent to you whether you should deposit via wire transfer or credit card, it might be very different fees. Some exchanges charge a deposit fee of up to a staggering 11% for credit card deposits.

Why Choose Yobit Crypto Exchange

Over 520 supported cryptocurrencies in over 8576 active markets. 

YoBit has the widest selection of cryptocurrencies amongst all crypto exchanges.

Low trading fees

Every trade on YoBit will cost you just 0.2%, regardless if you’re a maker-taker or maker. The exchange does not offer different fee tiers based on your trading volume, and withdrawal fees for some coins may be relatively high.

Free coins. 

YoBit also offers ways to earn free cryptocurrencies by completing simple tasks. While it’s not much, it may be of help for some.

Fiat-to-crypto trades. 

YoBit exchange also supports fiat-to-crypto markets, meaning that you can use it as a fiat gateway. This is an infrequent feature for a self-regulated exchange that advocates private trading.