Yobit Review 2024
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
- 0.0005 BTC
- Proprietary platform
- Only USD and RUB among fiats are allowed
- there are many investment plans
- a flat commission on all trade transactions of 0.2%
- and there is virtual mining
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
- 0.0005 BTC
- Proprietary platform
- Only USD and RUB among fiats are allowed
- there are many investment plans
- a flat commission on all trade transactions of 0.2%
- and there is virtual mining
Our Evaluation of Yobit
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
Yobit is a reliable cryptocurrency exchange with the TU Overall Score of 7.22 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by Yobit clients on our website, Traders Union expert Anton Kharitonov believes he can recommend this company as the majority of reviews showed that the broker’s clients are mostly satisfied with the company.
The Yobit crypto exchange stands out from its competitors with fixed trading commissions and the possibility to trade without verification. Commission fees are below average for the segment, there are many ways to deposit and withdraw funds. The crypto exchange has its own coin, the YoDefi, which is also actively traded. There is a profitable investment system, their affiliate program is quite standard. Account funds can be stored in any cryptocurrency, US dollars, and/or Russian rubles.
Brief Look at Yobit
The Yobit exchange is a universal cryptocurrency trading platform. The service has a proprietary trading terminal (browser version only, no mobile trading). Bitcoin, Litecoin, Tether, and many other cryptocurrencies are traded on this exchange. Among fiats, there are the US dollar and the Russian ruble. The company has its own tokenized coin called the YoDefi, which can be used in investment programs. There is also a virtual mining service with daily payments. The YoBit exchange offers a standard investment program with affiliate bonuses of up to 20%. The trading commission on the crypto exchange is fixed at 0.2% of the transaction amount. They employ all major channels for depositing/withdrawing funds, including bank cards and e-wallets. You can trade on the platform without verifying user data.
- large selection of cryptocurrencies, there are pairs with fiat;
- simple and convenient interface of the trading terminal;
- their service coin, which can be obtained for free;
- well-thought-out investment system;
- profitable affiliate program;
- single commission for all trading operations;
- trading without KYC, which provides complete anonymity.
- there is no mobile trading;
- only USD and RUB among fiats;
- there are no training programs and guides.
TU Expert Advice
Financial expert and analyst at Traders Union
The YoBit exchange is a cryptocurrency exchange with investment programs and the possibility of earning extra money from referrals. The company’s proprietary terminal is highly appreciated by users due to its functionality and convenience. It is localized into five languages. There were no failures in the service.
The YoBit exchange offers a flat commission of 0.2%, which is not typical for most modern exchanges that use a trading level system. Nevertheless, this approach turns out to be convenient for users, especially for those who are not very active in trading. Commissions for deposit and withdrawal are low, the largest fees are when working through AdvCash, for withdrawals, it is 3% in rubles and 4% in dollars.
The company offers a non-standard approach to investment. The list of investment programs is constantly updated, each program has its own cryptocurrency for entry; it also has its own interest rate. Some programs have conditions; for example, to make a certain number of transactions. Payments for such programs are the highest. The average investor’s income is 1% per day, which is very significant for large deposits.
From a security point of view, the service allows traders to maintain complete anonymity when making transactions. The platform is well protected by several modern technical solutions, including encryption. No successful hacking attempts were recorded. There were neither delays in payments nor unjustified blocking of accounts.
- You seek a large selection of cryptocurrencies, as this exchange offers a diverse range of cryptocurrencies for trading, providing you with ample options to explore and diversify your portfolio.
- You appreciate a simple and convenient interface, as their trading terminal's interface is designed to be user-friendly and straightforward, making it easy for traders of all experience levels to navigate and execute trades efficiently.
- You value rewards and incentives. Their service coin, which can be obtained for free, offers additional benefits or rewards, enhancing the overall trading experience and potentially providing added value to users.
- You prefer to trade on-the-go or need access to the markets from your mobile device. The absence of mobile trading functionality for this broker may turn out to be a limitation for you.
- You're a beginner or looking to enhance your trading skills through educational resources. The lack of training programs and guides on this exchange can be a drawback.
Yobit Summary
Your capital is at risk. Cryptocurrency trading can be extremely risky. Cryptocurrency trading can lead to large and immediate financial losses. The volatility and unpredictability of the price of cryptocurrency relative to fiat currency may result in significant loss over a short period of time. Transactions in cryptocurrency may be irreversible, and, accordingly, losses due to fraudulent or accidental transactions may not be recoverable. The nature of cryptocurrency may lead to an increased risk of fraud or cyber attack.
| 💻 Trading platform: | Proprietary platform |
|---|---|
| 📊 Accounts: | Standard |
| 💰 Account currency: | Cryptocurrencies, RUB, USD |
| 💵 Replenishment / Withdrawal: | Bank cards and accounts, electronic and cryptocurrency wallets |
| 🚀 Minimum deposit: | 0.0005 BTC |
| ⚖️ Leverage: | No |
| 💼 PAMM-accounts: | No |
| 📈️ Min Order: | from 0 |
| 💱 Commission: | Market |
| 🔧 Instruments: | Cryptocurrencies, fiat currencies |
| 💹 Margin Call / Stop Out: | No |
| 🏛 Liquidity provider: | No |
| 📱 Mobile trading: | No |
| ➕ Affiliate program: | Yes |
| 📋 Orders execution: | N/A |
| ⭐ Trading features: | Only USD and RUB among fiats are allowed; there are many investment plans; a flat commission on all trade transactions of 0.2%; and there is virtual mining |
| 🎁 Contests and bonuses: | N/A |
There is no requirement to deposit funds in Bitcoins, it can be done in fiat currency too. However, the minimum deposit must be no less than that indicated in the rules of the exchange when converted to BTC at the current rate. You can store funds on your wallet in any of the presented cryptocurrencies, as well as in the US dollar and the Russian ruble. There is no leverage for trading. Technical support can only be contacted through the ticket system. You go to the appropriate section and create a request, which the specialists will answer as soon as possible. There are no other methods of communication with the exchange administration.
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Commissions and fees
| Account type | Commission (minimum value) | Withdrawal commission |
|---|---|---|
| Standard | 0.2% per order | Yes |
Deposit and withdrawal commissions vary depending on the channel you are using. For most channels, there are no commissions for depositing, such a commission is present only for AdvCash, which is 4% when depositing in RUB. The highest commissions for withdrawals are through Payeer which is 5% when withdrawing in USD. The small table below provides data for comparison on several competing crypto exchanges:
| Broker | Average commission | Level |
|---|---|---|
|
$0.2 | |
|
$20 | |
|
$0.1 |
Investment Options
The YoBit exchange offers several investment plans. Each plan has its own pool for the maximum amount of deposits. As soon as the pool reaches the limit, it is closed. However, the site is constantly launching new investment plans, they differ in the following parameters:
deposit currency;
established interest;
payment period;
deposit limits;
current status.
The selected deposit currency can be any, from YoDefi to BTC. The user has the opportunity to make a deposit only using this currency. Payments for most plans are daily, ranging from 1% to 12%. Deposit limits are also different: for example, for Bitcoin, they usually range from 0.5 to 10 BTC.
About half of the current plans do not require additional steps to receive payments. For some plans, such actions are required. For example, you might be required to make 20 sell trades per day or trade a specific currency for 30 days. The user does not lose anything by investing in investment plans. Funds can be withdrawn at any time, even if the pool has reached the limit and the plan is closed.
If you are a large investor and plan on investments over $10,000, contact us at vip-invest@tradersunion.com or by the feedback form on our website. Our professional team will take you through all the intricacies of the deal and all the steps from signing up to withdrawal of profits.
Yobit’s affiliate program
YoBit offers a standard investment program in which any registered user can participate. After registration in the personal account, you will get a personal referral link. Thanks to this link, you can get additional income in the following way:
The referral link can be sent to users via private channels or posted in the public domain.
Each user who registers with the exchange using your referral link becomes your partner.
You receive 20% of all trading commissions of your referrals. Plus you get a 5% commission on every Bitcoin purchase.
The number of referrals is unlimited. The program is unlimited, and you receive payments all the time while partners are trading on the site.
Payments are made in the currency that the referral used in the transaction. Operations are displayed in the corresponding section of your personal account. To withdraw funds received under the affiliate program, they must be converted into BTC, after which they will be available for withdrawal from the account.
User Satisfaction