BW.com vs Yobit: Fees, Coins, Safety Comparison
| Feature | BW.com | Yobit |
|---|---|---|
Overall |
2.8 |
3.5 |
1 |
1 |
|
3.6 |
3.9 |
|
3.7 |
4.2 |
|
Investment Instruments |
2.7 |
4.5 |
Platforms and Charting Tools |
3.9 |
1.8 |
Deposit and Withdrawal |
3.5 |
4.0 |
Research |
3.6 |
2.1 |
Education |
2.4 |
1.5 |
Support |
2.6 |
2.5 |
Bonuses |
1 |
4.6 |
|
Your capital is at risk.
|
BW.com vs Yobit: Pros and Cons
The BW.com cryptocurrency exchange offers spot and derivatives trading with up to x100 leverage. The most popular cryptocurrencies and tokens are traded on the exchange, including Bitcoin, Ethereum, Litecoin, Tether, Qtum, DOGE, HENA, and others. And also there are three fiats: the US dollar, the Chinese yuan, and the South Korean won. There are built-in solutions for diversifying risks in margin trading. The exchange has its own tutorial for novice traders with a quick start and a simplified terminal for trading. Of the passive earning options, classic staking is presented for up to 180 days with a yield of up to 50%. For margin trading, commissions are fixed for the taker/maker at 0.2%. Perpetual contract fees are contract-specific.
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.
| BW.com | Yobit | |
|---|---|---|
| Overall Pros | all major cryptocurrencies and three fiats, including the US dollar, Chinese yuan, and South Korean won; | large selection of cryptocurrencies, there are pairs with fiat; |
| margin trading and derivatives trading with the ability to reduce risks and high leverage (up to x100); | simple and convenient interface of the trading terminal; | |
| a simple tutorial for novice crypto traders and a simplified spot trading service; | their service coin, which can be obtained for free | |
| many staking programs for passive earnings, for different periods, with a high-interest rate; | well-thought-out investment system | |
| low fixed swap fees; | single commission for all trading operations | |
| perpetual contract fees are average for the segment; | ||
| all major options for depositing and withdrawing fiat funds and electronic money, including third-party wallets, Visa, and MC cards. | ||
| Overall Cons | no demo accounts; | no KYC requirements, not regulated |
| no connection with technical support by phone. | only USD and RUB among fiats | |
| there is no mobile trading | ||
| Limited Research | ||
| Limited education |
BW.com vs Yobit: Safety and Regulation
| Regulated By: | BW.com | Yobit |
|---|---|---|
SEC |
No |
No |
FINRA |
No |
No |
SIPC Protection |
No |
No |
Other Regulators |
No |
Not regulated, no KYC requirements |
BW.com vs Yobit: Trading Conditions
| Trading Conditions | BW.com | Yobit |
|---|---|---|
Minimum Deposit |
$1 |
0.0005 BTC |
Trading Platforms |
TradingView |
yobit |
Max Leverage (Futures) |
1-100 |
44562 |
Number of Markets |
346+ |
257 |
Trading Accounts |
1 |
1 |
Base Account Currencies |
Cryptocurrencies, USD, CNY, KRW |
USD, RUB |
BW.com vs Yobit: Fees
Trading Fees
| Fee | BW.com | Yobit |
|---|---|---|
Max Maker |
0.20% |
0.20% |
Max Taker |
0.20% |
0.20% |
Min Maker |
0.20% |
0.20% |
Min Taker |
0.20% |
0.20% |
Debit/Credit Card Purchase Fee |
0 |
Not supported |
Futures Trading fees
| Fee | BW.com | Yobit |
|---|---|---|
Max Maker |
0.025% |
not supported |
Max Taker |
0.075% |
not supported |
Min Maker |
0.025% |
not supported |
Min Taker |
0.075% |
not supported |
Non-Trading Fees
| Fee | BW.com | Yobit |
|---|---|---|
Account Fee |
No |
No |
Deposit Fee |
No |
No |
Bank Transfer Withdrawal Fee |
Not supported |
Not supported |
Debit/Credit Card Withdrawal Fee |
Not supported |
Visa/Mastecard fee |
BTC Withdrawal Fee |
0,0005 BTC |
0.0005 BTC |
Inactivity Fee |
No |
No |
BW.com vs Yobit: Trading Assets
| Asset Name | BW.com | Yobit |
|---|---|---|
Overall |
346+ |
212 tokens |
Bitcoin (BTC) |
Yes |
Yes |
Litecoin (LTC) |
Yes |
Yes |
Dogecoin (DOGE) |
Yes |
Yes |
Binance Coin (BNB) |
No |
Yes |
Uniswap (UNI) |
No |
Yes |
Ripple (XRP) |
Yes |
Yes |
Polkadot (DOT) |
No |
Yes |
Cardano (ADA) |
Yes |
Yes |
Stellar (XLM) |
No |
Yes |
IOTA (MIOTA) |
No |
Yes |
Tron (TRX) |
Yes |
Yes |
Derivatives (Futures) |
Yes |
No |
NFT |
No |
No |
Crypto ETF |
No |
No |
BW.com or Yobit: Investment Programs
| Asset Name | BW.com | Yobit |
|---|---|---|
Staking |
Yes |
Yes |
Mining pool |
No |
No |
Managed Accounts |
No |
No |
MAM/PAMM |
No |
No |
Other |
No |
Farming |
Trading Platforms: Yobit or BW.com
| BW.com | Yobit | |
|---|---|---|
Web |
Yes |
Yes |
Desktop |
No |
No |
Mobile (Android, iOS) |
Yes |
No |
|
Your capital is at risk.
|
Trading Platforms Features: Yobit or BW.com
| BW.com | Yobit | |
|---|---|---|
SMS Based 2 FA |
No |
Yes |
App Based 2 FA |
Yes |
no |
Voice Call 2 FA |
No |
no |
Search Bar |
Yes |
Yes |
Filters |
Yes |
Yes |
Technical Analysis: Yobit or BW.com
| BW.com | Yobit | |
|---|---|---|
Indicators |
Yes |
Yes |
Drawing tools |
Yes |
Yes |
Historical Trades |
Yes |
No |
Live 2 Quotes |
Yes |
No |
Mobile trading: Yobit or BW.com
| BW.com | Yobit | |
|---|---|---|
iOS Version |
Yes |
No |
Android Version |
Yes |
No |
Apple Watch App |
No |
No |
Touch ID |
No |
No |
Face ID |
No |
No |
Types of orders: Yobit or BW.com
| BW.com | Yobit | |
|---|---|---|
Market |
No |
Yes |
Limit |
Yes |
Yes |
Stop Loss |
No |
No |
Stop Limit |
Yes |
No |
Trailing Stop |
No |
No |
BW.com vs Yobit: Deposit and Withdrawal Methods
| Deposit and Withdrawal Method | BW.com | Yobit |
|---|---|---|
Bank Transfer |
No |
No |
Credit/Debit Card |
Yes (Only deposit) |
Yes |
Electronic Wallets |
No |
Yes |
Crypto |
Yes |
Yes |
BW.com vs Yobit: Research
| Research Type | BW.com | Yobit |
|---|---|---|
News Feed |
No |
No |
Fundamental Data |
No |
No |
Chart Analysis |
Yes |
No |
Trading Ideas |
Yes |
No |
E-Mail Reports |
No |
NO |
BW.com vs Yobit: Education
| Education Type | BW.com | Yobit |
|---|---|---|
Demo-account/Paper Trading |
Yes |
No |
Courses |
No |
No |
Articles |
No |
Yes |
Videos |
No |
No |
Webinars |
No |
No |
Yobit vs BW.com: Support
| Support Features | BW.com | Yobit |
|---|---|---|
Working Days |
24/7 |
24/7 |
Yes |
No |
|
Phone |
No |
No |
Online chat |
No |
no |
Other |
No |
Tickets |
BW.com vs Yobit: Crypto Bonuses and Promo
| Promo | BW.com | Yobit |
|---|---|---|
Crypto Bonus |
No |
Sign-up bonus, Referral bonuses |
Affiliate Program |
No |
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. |
|
Your capital is at risk.
|
Top 5 Reviews on Yobit
-
Comment
My experience with Yobit has been subpar, marked by frustration, inconvenience, and a lack of confidence in the platform's reliability and security. While it may be okay for occasional traders, serious investors and experienced traders would be better served by exploring alternative exchanges with better reputations and track records.
-
Comment
In principle, you can make money with Yobit, I traded here for more than six months and got a small, but profit. Both for independent trading and for participation in investment programs. In terms of commissions, the exchange is convenient, there is a fixed amount of 0.2%, you can replenish your account without problems and the withdrawal is also not delayed. The terminal is standard, I did not notice any glitches. But here's what annoys me: Yobit does not have a mobile application, and verification is optional. Exchanges are rarely licensed anyway, so KYC is the minimum protection, and even that is not here. I do not recommend trading here for beginners, it is better to choose more proven options, which will also provide a base for learning, which Yobit does not have.
-
Comment
I will be objective. Yobit is suitable for those who aim to get results quickly. I have traded here for a while, but the account was closed as unnecessary for me. It is also alarming that there is no special regulation, verification is optional. For me, reliability has always been associated with verification, so I did not dare to trade here for a long time. But I will note that the money that I earned in two weeks was withdrawn to me quickly, that is, there were no delays or calls from Yobit managers with “profitable offers”.
-
Comment
When I first opened the YoBit exchange website, I thought that I would not trade here because there was a very strange main screen, a bunch of tables, and chat info. But a friend highly recommended this exchange, and I decided to give it a try. As a last resort, I can always close the account. But the YoBit exchange turned out to be good, so now I follow the cryptocurrency markets and often hang out in the chat for traders because there is a lot of useful information there, I made very profitable transactions several times quite spontaneously.
-
Comment
I often test different cryptocurrency exchanges to get an idea of the situation in this market. What can I say about the YoBit exchange? The first impression is mixed: when you just go to the site, you get lost in a multitude of windows, tables, everything moves. This is not very convenient. But, as it turned out, the trading conditions are acceptable: the commissions are low, there are plenty of cryptocurrencies and tokens, so both professionals and beginners will find suitable trading tools here.
Top 5 Reviews on BW.com
-
Comment
BW.com stole 2000 bucks from me. They blocked my trading account when I wanted to withdraw money. No matter what I do, they won't contact me. This is a dishonest office! So don't trade with them!
-
Comment
He entered the money, the next day they blocked the office. Such a policy. No specifics, no matter how I talked ....
-
Comment
the broker does not withdraw funds. I think this is enough to no longer discuss the pros and cons. Be careful when choosing a broker!
-
Comment
BW.com has one significant disadvantage: you cannot open a market order at the current price. This is especially important for scalpers. But I am not, so there are only pluses for my strategy on this crypto exchange. I place positions for one week and more, and I consider pending orders the most practical since they are closed exactly at the requested price. In addition, there is no possibility of slippage during execution. Like other competitors, BW.com offers free token giveaways and various bonuses. However, the main advantage is low brokerage fees.
-
Comment
The difference between BW.com and its competitors lies in the main tool for successful trading, which is its trading platform. The visibility and high information content of the interface, as well as the availability of the necessary technical tools, allows you to apply almost any strategy for work. Over several years of crypto trading, I have changed several brokers, but I have never met a more practical terminal than BW.com. If we take into account the commissions, which start at 0 and do not exceed 0.1%, then the exchange can be considered one of the best in the digital market.
FAQs
What should I start Crypto trading with?
For starters, you need to learn what crypto trading is, understand what cryptocurrency is and the risks and opportunities cryptocurrency trading has. It is also important to learn the existing strategies. The second step is to choose the best crypto exchange with good trading conditions. A demo account that you can use to gain valuable experience risk free is an important advantage of an exchange.
What amount should I start trading with?
It is recommended to start trading cryptocurrencies with a small amount. That way, if you partially lose it, it won’t pose a serious financial problem for you. This is because cryptocurrencies are highly volatile, which carries certain risks for novice traders. The majority of cryptocurrency exchanges allow traders to start from a small amount – from $1 to $50 or its cryptocurrency equivalent.
What should I take into consideration when choosing a crypto exchange?
The first thing experts recommend looking at when considering crypto exchanges is their reliability. Other important features include basic trading conditions, commissions and fees, customer reviews. If crypto exchanges are approximately the same in terms of basic criteria, you need to choose based on your experience and tasks. One crypto exchange may be good for professionals and another – for novice traders.
Can a cryptocurrency exchange turn out to be a scam?
Unfortunately, this does happen. Therefore, it is better to choose cryptocurrency exchanges that have been operating in the market for at least several years and have a stable reputation. Regulation of an exchange in one of the countries with high legal culture is also an advantage.
Team that worked on the article
Mikhail Vnuchkov joined Traders Union as an author in 2020. He began his professional career as a journalist-observer at a small online financial publication, where he covered global economic events and discussed their impact on the segment of financial investment, including investor income. With five years of experience in finance, Mikhail joined Traders Union team, where he is in charge of forming the pool of latest news for traders, who trade stocks, cryptocurrencies, Forex instruments and fixed income.
Olga Shendetskaya has been a part of the Traders Union team as an author, editor and proofreader since 2017. Since 2020, Shendetskaya has been the assistant chief editor of the website of Traders Union, an international association of traders. She has over 10 years of experience of working with economic and financial texts. In the period of 2017-2020, Olga has worked as a journalist and editor of laftNews news agency, economic and financial news sections. At the moment, Olga is a part of the team of top industry experts involved in creation of educational articles in finance and investment, overseeing their writing and publication on the Traders Union website.