Revolut (crypto) vs Yobit: Fees, Coins, Safety Comparison
| Feature | Revolut (crypto) | Yobit |
|---|---|---|
Overall |
3.1 |
3.5 |
3.1 |
1 |
|
2.1 |
3.9 |
|
3.8 |
4.2 |
|
Investment Instruments |
4.1 |
4.5 |
Platforms and Charting Tools |
2.9 |
1.8 |
Deposit and Withdrawal |
4.2 |
4.0 |
Research |
1 |
2.1 |
Education |
1 |
1.5 |
Support |
4.2 |
2.5 |
Bonuses |
3.9 |
4.6 |
|
Your capital is at risk.
|
Revolut (crypto) vs Yobit: Pros and Cons
Revolut is a British fintech company that has been providing investors with accounts for trading precious metals, cryptocurrencies, and stocks listed on U.S. exchanges since 2015. The broker offers its clients access to investing in stocks and ETFs on European stock exchanges. For organizations and private clients, the company offers a multi-currency account with the possibility of exchanging currencies at the current inter-bank exchange rate. Revolut is supervised by the Financial Services Authority (FSA).
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.
| Revolut (crypto) | Yobit | |
|---|---|---|
| Overall Pros | minimum trade is only $1 | large selection of cryptocurrencies, there are pairs with fiat; |
| Buying and selling crypto without openning crypto exchange account | simple and convenient interface of the trading terminal; | |
| their service coin, which can be obtained for free | ||
| ability to invest in stocks, crypto, fiat deposits etc | well-thought-out investment system | |
| setting financial goals with Vaults option | single commission for all trading operations | |
| Overall Cons | Only 21 supported coins | no KYC requirements, not regulated |
| No options for active trading | only USD and RUB among fiats | |
| Revolut's cryptocurrency service is not regulated by the FCA | there is no mobile trading | |
| High fees | Limited Research | |
| Limited education |
Revolut (crypto) vs Yobit: Safety and Regulation
| Regulated By: | Revolut (crypto) | Yobit |
|---|---|---|
SEC |
No |
No |
FINRA |
No |
No |
SIPC Protection |
No |
No |
Other Regulators |
Authorised and regulated by the Financial Conduct Authority in the UK |
Not regulated, no KYC requirements |
Revolut (crypto) vs Yobit: Trading Conditions
| Trading Conditions | Revolut (crypto) | Yobit |
|---|---|---|
Minimum Deposit |
$1 |
0.0005 BTC |
Trading Platforms |
Revolut |
yobit |
Max Leverage (Futures) |
1:1 |
44562 |
Number of Markets |
21 |
257 |
Trading Accounts |
4 |
1 |
Base Account Currencies |
USD, EUR, GBP and 30+ fiat currencies |
USD, RUB |
Revolut (crypto) vs Yobit: Fees
Trading Fees
| Fee | Revolut (crypto) | Yobit |
|---|---|---|
Max Maker |
2.5% |
0.20% |
Max Taker |
1.55% |
0.20% |
Min Maker |
2.5% |
0.20% |
Min Taker |
1.55% |
0.20% |
Debit/Credit Card Purchase Fee |
Not supported |
Not supported |
Futures Trading fees
| Fee | Revolut (crypto) | Yobit |
|---|---|---|
Max Maker |
not supported |
not supported |
Max Taker |
not supported |
not supported |
Min Maker |
not supported |
not supported |
Min Taker |
not supported |
not supported |
Non-Trading Fees
| Fee | Revolut (crypto) | 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 |
No |
0.0005 BTC |
Inactivity Fee |
No |
No |
Revolut (crypto) vs Yobit: Trading Assets
| Asset Name | Revolut (crypto) | Yobit |
|---|---|---|
Overall |
21 |
212 tokens |
Bitcoin (BTC) |
Yes |
Yes |
Litecoin (LTC) |
Yes |
Yes |
Dogecoin (DOGE) |
No |
Yes |
Binance Coin (BNB) |
No |
Yes |
Uniswap (UNI) |
No |
Yes |
Ripple (XRP) |
No |
Yes |
Polkadot (DOT) |
No |
Yes |
Cardano (ADA) |
No |
Yes |
Stellar (XLM) |
no |
Yes |
IOTA (MIOTA) |
no |
Yes |
Tron (TRX) |
No |
Yes |
Derivatives (Futures) |
No |
No |
NFT |
No |
No |
Crypto ETF |
no |
No |
Revolut (crypto) or Yobit: Investment Programs
| Asset Name | Revolut (crypto) | Yobit |
|---|---|---|
Staking |
No |
Yes |
Mining pool |
No |
No |
Managed Accounts |
No |
No |
MAM/PAMM |
No |
No |
Other |
vaults savings, cash savings |
Farming |
Trading Platforms: Yobit or Revolut (crypto)
| Revolut (crypto) | Yobit | |
|---|---|---|
Web |
Yes |
Yes |
Desktop |
No |
No |
Mobile (Android, iOS) |
Yes |
No |
|
Your capital is at risk.
|
Trading Platforms Features: Yobit or Revolut (crypto)
| Revolut (crypto) | Yobit | |
|---|---|---|
SMS Based 2 FA |
no |
Yes |
App Based 2 FA |
no |
no |
Voice Call 2 FA |
no |
no |
Search Bar |
no |
Yes |
Filters |
no |
Yes |
Technical Analysis: Yobit or Revolut (crypto)
| Revolut (crypto) | Yobit | |
|---|---|---|
Indicators |
No |
Yes |
Drawing tools |
No |
Yes |
Historical Trades |
Yes |
No |
Live 2 Quotes |
No |
No |
Mobile trading: Yobit or Revolut (crypto)
| Revolut (crypto) | 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 Revolut (crypto)
| Revolut (crypto) | Yobit | |
|---|---|---|
Market |
Yes |
Yes |
Limit |
Yes |
Yes |
Stop Loss |
Yes |
No |
Stop Limit |
Yes |
No |
Trailing Stop |
No |
No |
Revolut (crypto) vs Yobit: Deposit and Withdrawal Methods
| Deposit and Withdrawal Method | Revolut (crypto) | Yobit |
|---|---|---|
Bank Transfer |
Yes |
No |
Credit/Debit Card |
Yes |
Yes |
Electronic Wallets |
No |
Yes |
Crypto |
Yes |
Yes |
Revolut (crypto) vs Yobit: Research
| Research Type | Revolut (crypto) | Yobit |
|---|---|---|
News Feed |
No |
No |
Fundamental Data |
No |
No |
Chart Analysis |
No |
No |
Trading Ideas |
No |
No |
E-Mail Reports |
No |
NO |
Revolut (crypto) vs Yobit: Education
| Education Type | Revolut (crypto) | Yobit |
|---|---|---|
Demo-account/Paper Trading |
No |
No |
Courses |
No |
No |
Articles |
No |
Yes |
Videos |
No |
No |
Webinars |
No |
No |
Yobit vs Revolut (crypto): Support
| Support Features | Revolut (crypto) | Yobit |
|---|---|---|
Working Days |
24/7 |
24/7 |
Yes |
No |
|
Phone |
No |
No |
Online chat |
no |
no |
Other |
community support, app-based chat |
Tickets |
Revolut (crypto) vs Yobit: Crypto Bonuses and Promo
| Promo | Revolut (crypto) | Yobit |
|---|---|---|
Crypto Bonus |
$50 Welcome Bonus. This Promotion is open to new Revolut retail customers who live in the United States. This Promotion runs from April 7, 2022 until June 30, 2022. |
Sign-up bonus, Referral bonuses |
Affiliate Program |
The impact is a referral program in which you need to be a Revolut customer to participate. Depending on which plan the connected referral chooses, the partner is paid from £2 to £20. Payments are calculated and made every month. After approving the request, the company gives the partner a unique link and materials to be placed and promoted on websites. The partner can track the number of link clicks and referrals in his personal cabinet. |
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 Revolut (crypto)
-
Comment
Trading here goes without problems. Now I’m learning everything little by little, since I haven’t been on the stock market that long. Reviews prove that this company is good and I saw it myself after trading here for 3 months.
-
Comment
I’ve been using the services of Revolut Bank for a year and everything is fine. I received a card, everything is quite convenient, and transfers are fast. The mobile application is not bad. The only problem, in my opinion, is confirmation of deposits and withdrawals, which can take quite a long time sometimes.
-
Comment
Everything you need is here for normal trading. In addition, there is help from the staff. Everyone will help. So feel free to start trading here.
-
Comment
I chose Revolut Bank based on customer reviews. Most customer reviews are positive. So I decided to open an account here. Revolut Bank itself is now considered by many to be very popular in Europe due to its low service fees. Yes, the commissions here are below average. But there is a problem - this is a long transfer of funds.
-
Comment
The main advantage of the Revolut card is that it is truly multi-currency and supports about 150 currencies. You can always exchange your currency for any other at the standard interbank rate. And this will happen without unnecessary markups and conversions. In addition, it is possible to create virtual maps. The only negative thing for me was that there are commissions for some currencies, although I thought there were none.
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.