WhiteBIT vs Yobit: Fees, Coins, Safety Comparison
| Feature | WhiteBIT | Yobit |
|---|---|---|
Overall |
3.8 |
3.5 |
3.7 |
1 |
|
3.5 |
3.9 |
|
4.3 |
4.2 |
|
Investment Instruments |
3.9 |
4.5 |
Platforms and Charting Tools |
3.6 |
1.8 |
Deposit and Withdrawal |
4 |
4.0 |
Research |
3.9 |
2.1 |
Education |
3.7 |
1.5 |
Support |
3.5 |
2.5 |
Bonuses |
3.8 |
4.6 |
|
Your capital is at risk.
|
Your capital is at risk.
|
WhiteBIT vs Yobit: Pros and Cons
The WhiteBIT exchange is a universal platform for trading and exchanging cryptocurrencies. In addition to basic (simplified) trading, there are spot and margin trading. Bitcoin, Litecoin, Ethereum, Ripple, DASH, and dozens of other altcoins are traded on the exchange. Fiats are represented by the USD and the EUR. For margin trading, 1:20 leverage is provided. In addition to active trading, there is the possibility of investing in a blockchain project with interest payments (from staking). The exchange has a standard referral program, and trading commissions are fixed. There is a TradingView web terminal and a mobile trading application.
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.
| WhiteBIT | Yobit | |
|---|---|---|
| Overall Pros | Bitcoin, dozens of altcoins and tokens, four fiat currencies, including the USD and the EUR; | large selection of cryptocurrencies, there are pairs with fiat; |
| large trading volumes, high liquidity, multilevel security system; | simple and convenient interface of the trading terminal; | |
| basic trading for beginners, spot and margin, P2P exchanger, and free multicurrency account; | their service coin, which can be obtained for free | |
| most options for depositing/withdrawing funds such as e-wallets, bank cards, and transfers; | well-thought-out investment system | |
| a simple and profitable system for investing in blockchain projects of crypto exchange affiliates; | single commission for all trading operations | |
| the commission does not change - 0.1% of the trade amount, and no additional fees or charges; | ||
| FAQs on the basics of crypto trading, a demo token for education and training. | ||
| Overall Cons | communication with the exchange only through the website and email, there is no call center or alternative methods of prompt communication; | no KYC requirements, not regulated |
| there is no advanced training, except for staking; and there are no alternative investment options. | only USD and RUB among fiats | |
| there is no mobile trading | ||
| Limited Research | ||
| Limited education |
WhiteBIT vs Yobit: Safety and Regulation
| Regulated By: | WhiteBIT | Yobit |
|---|---|---|
SEC |
No |
No |
FINRA |
No |
No |
SIPC Protection |
No |
No |
Other Regulators |
Clear White Technologies (Hongkong) |
Not regulated, no KYC requirements |
WhiteBIT vs Yobit: Trading Conditions
| Trading Conditions | WhiteBIT | Yobit |
|---|---|---|
Minimum Deposit |
0.0005 BTC |
0.0005 BTC |
Trading Platforms |
WhiteBIT TradingView |
yobit |
Max Leverage (Futures) |
1-20 |
44562 |
Number of Markets |
138 |
257 |
Trading Accounts |
1 |
1 |
Base Account Currencies |
EUR, USD, UAH, RUB + 51 crypto |
USD, RUB |
WhiteBIT vs Yobit: Fees
Trading Fees
| Fee | WhiteBIT | Yobit |
|---|---|---|
Max Maker |
0.10% |
0.20% |
Max Taker |
0.10% |
0.20% |
Min Maker |
0.10% |
0.20% |
Min Taker |
0.10% |
0.20% |
Debit/Credit Card Purchase Fee |
3% for RUB; 0,7% for UAH; 2.7% and 4.5% others, depending on the fiat currency. |
Not supported |
Futures Trading fees
| Fee | WhiteBIT | 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 | WhiteBIT | Yobit |
|---|---|---|
Account Fee |
No |
No |
Deposit Fee |
Crypto deposits - free; ADVCash 1,5%; Perfect money 3%; Visa/Mastercard 0,7%-4,5% depending on the currency, Qiwi 2,5%, Yandex 2,5% |
No |
Bank Transfer Withdrawal Fee |
Not supported |
Not supported |
Debit/Credit Card Withdrawal Fee |
0,7%-4% depending on the currency |
Visa/Mastecard fee |
BTC Withdrawal Fee |
No |
0.0005 BTC |
Inactivity Fee |
No |
No |
WhiteBIT vs Yobit: Trading Assets
| Asset Name | WhiteBIT | Yobit |
|---|---|---|
Overall |
86+ |
212 tokens |
Bitcoin (BTC) |
Yes |
Yes |
Litecoin (LTC) |
Yes |
Yes |
Dogecoin (DOGE) |
Yes |
Yes |
Binance Coin (BNB) |
Yes |
Yes |
Uniswap (UNI) |
Yes |
Yes |
Ripple (XRP) |
Yes |
Yes |
Polkadot (DOT) |
Yes |
Yes |
Cardano (ADA) |
Yes |
Yes |
Stellar (XLM) |
Yes |
Yes |
IOTA (MIOTA) |
No |
Yes |
Tron (TRX) |
Yes |
Yes |
Derivatives (Futures) |
No |
No |
NFT |
No |
No |
Crypto ETF |
No |
No |
WhiteBIT or Yobit: Investment Programs
| Asset Name | WhiteBIT | Yobit |
|---|---|---|
Staking |
Yes |
Yes |
Mining pool |
No |
No |
Managed Accounts |
No |
No |
MAM/PAMM |
No |
No |
Other |
No |
Farming |
Trading Platforms: Yobit or WhiteBIT
| WhiteBIT | Yobit | |
|---|---|---|
Web |
Yes |
Yes |
Desktop |
No |
No |
Mobile (Android, iOS) |
Yes |
No |
|
Your capital is at risk.
|
Your capital is at risk.
|
Trading Platforms Features: Yobit or WhiteBIT
| WhiteBIT | 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 WhiteBIT
| WhiteBIT | Yobit | |
|---|---|---|
Indicators |
Yes |
Yes |
Drawing tools |
Yes |
Yes |
Historical Trades |
Yes |
No |
Live 2 Quotes |
No |
No |
Mobile trading: Yobit or WhiteBIT
| WhiteBIT | 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 WhiteBIT
| WhiteBIT | Yobit | |
|---|---|---|
Market |
Yes |
Yes |
Limit |
Yes |
Yes |
Stop Loss |
Yes |
No |
Stop Limit |
Yes |
No |
Trailing Stop |
No |
No |
WhiteBIT vs Yobit: Deposit and Withdrawal Methods
| Deposit and Withdrawal Method | WhiteBIT | Yobit |
|---|---|---|
Bank Transfer |
No |
No |
Credit/Debit Card |
Yes |
Yes |
Electronic Wallets |
Yes |
Yes |
Crypto |
Yes |
Yes |
WhiteBIT vs Yobit: Research
| Research Type | WhiteBIT | Yobit |
|---|---|---|
News Feed |
Yes |
No |
Fundamental Data |
No |
No |
Chart Analysis |
Yes |
No |
Trading Ideas |
No |
No |
E-Mail Reports |
No |
NO |
WhiteBIT vs Yobit: Education
| Education Type | WhiteBIT | Yobit |
|---|---|---|
Demo-account/Paper Trading |
Yes |
No |
Courses |
No |
No |
Articles |
Yes |
Yes |
Videos |
No |
No |
Webinars |
No |
No |
Yobit vs WhiteBIT: Support
| Support Features | WhiteBIT | Yobit |
|---|---|---|
Working Days |
44766 |
24/7 |
Yes |
No |
|
Phone |
No |
No |
Online chat |
No |
no |
Other |
No |
Tickets |
WhiteBIT vs Yobit: Crypto Bonuses and Promo
| Promo | WhiteBIT | Yobit |
|---|---|---|
Crypto Bonus |
No |
Sign-up bonus, Referral bonuses |
Affiliate Program |
Get 40% of every trading fee paid by the users who sign up via your referral link |
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.
|
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 WhiteBIT
-
Comment
My review of WhiteBIT is quite normal. The fee here is ok, I make a profit on long-term trades. Liquidity is not bad, despite the fact that the exchange is not very cool. There are coins, so you can trade. On the technical side, there are no obvious problems: nothing freezes too much, the platform is working. I did not notice any fraudulent actions on the part of WhiteBIT.
-
Comment
I withdrew money to my bank card. They promised that the withdrawal would be within two hours. But in fact, it took two days for the money to arrive. Why do I need such an exchange where they clearly engage in deception? Now a representative of WhiteBIT will come out and start telling tales about how well the exchange works, and all the problems arise only because of the banks. Not true! I work with another exchange, withdraw to the same bank, and the withdrawal happens several times faster.
-
Comment
My history of working with WhiteBIT is sad. Frequent delays in order execution resulted in heavy losses. It feels like all the technical problems are created on purpose. The support service is poor and it is impossible to get quick help from them. I see that representatives of the exchange quickly respond only on resources where negative reviews are written about WhiteBIT. It would be very good if they reacted to my requests like this. I recommend avoiding this exchange due to poor service and problems with the platform.
-
Comment
The Whitebit exchange is very weak. The conditions they offer seem normal in theory, but it's only on paper. In reality, the trading platform performs poorly, with significant issues. I don't know about the trading volumes here, but there are constant problems with executing market orders as well as limit orders. Whitebit allows withdrawals, but delays are frequent.
-
Comment
Recently, WhiteBIT has begun to improve its rating. If earlier there were a lot of negative reviews about this exchange, now major resources are simply bombarded with positive reviews created as a blueprint. And even here, on Traders Union, WhiteBIT’s bot writes to spam all the negative reviews. So I will still say - WhiteBIT is a deception and a scam!
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.