deposit:
- 0.0005 BTC
Trading platform:
- Proprietary platform
deposit:
- 0.0005 BTC
Trading platform:
- 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
Summary of Yobit Crypto Exchange
Yobit is one of the top cryptocurrency exchanges in the financial market with the TU Overall Score of 8.84 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 prove that the broker’s clients are fully satisfied with the company. Yobit ranks 9 among 173 companies featured in the TU Rating, which is based on the evaluation of 100+ criteria.
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.NOTE!
If you are planning to trade cryptocurrencies, and not just keep your savings in crypto wallets, we recommend that you choose one of the top brokers with reliable regulation and access to trading crypto CFDs. This type of trading will help you avoid holding your cryptocurrency in e-wallets of exchanges, which quite regularly get hacked. Also, availability of leverage will allow you to trade crypto CFDs for amounts much higher than your deposit.
Traders Union experts recommend considering Top 3 companies from our rating:
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.
💰 Account currency: | Cryptocurrencies, RUB, USD |
---|---|
🚀 Minimum deposit: | 0.0005 BTC |
⚖️ Leverage: | No |
💱 Spread: | Market |
🔧 Instruments: | Cryptocurrencies, fiat currencies |
💹 Margin Call / Stop Out: | No |
👍 Advantages of trading with Yobit:
- 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.
👎 Disadvantages of Yobit:
- there is no mobile trading;
- only USD and RUB among fiats;
- there are no training programs and guides.
Evaluation of the most influential parameters of Yobit
Trade with this broker, if:
- 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.
Do not trade with this broker, if:
- 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.
NOTE!
Do not miss a chance to get additional monthly bonuses and payouts for trading at Yobit cryptocurrency exchange.
Enter the referral code when you register on the website or Yobit app.
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*TU may receive partnership reward for registration of the client on the company’s website on a referral link.
Geographic Distribution of Yobit Traders
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Expert Review of Yobit
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.
Dynamics of Yobit’s popularity among
Traders Union’s traders, according to 2023 data
Investment Programs, Available Markets, and Products of the Crypto Exchange
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.
Trading Conditions for Yobit Users
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.
0.0005 BTC
Minimum
deposit
1:1
Leverage
24/7
Support
💻 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 |
💱 Spread: | 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 |
Broker comparison table of trading instruments
Yobit | Bybit | OKX | XT.com | Phemex | WhiteBIT | |
Forex | No | No | No | No | No | No |
Metalls | No | No | No | No | No | No |
Crypto | Yes | Yes | Yes | Yes | Yes | Yes |
CFD | No | No | No | No | No | No |
Indexes | No | No | No | No | No | No |
Stock | No | No | No | No | No | No |
ETF | No | No | No | No | No | No |
Options | No | No | No | No | No | No |
Yobit Commissions & Fees
Account type | Spread (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 |
Yobit | $0.2 | Medium |
Bybit | $20 | High |
Bitfinex | $0.1 | Low |
Contacts
Foundation date | 2014 |
Registration address | Panama City, Panama, Panama |
Official site | yobit.net |
Disclaimer:
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.
Read also about other cryptocurrency exchanges:
Find out how Yobit stacks up against other brokers.
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FAQs
Do reviews by traders influence the Yobit rating?
Any review can raise or lower the rating of any broker in the general list of brokers. To read reviews about Yobit you need to go to the broker's profile.
How to leave a review about Yobit on the Traders Union website?
To leave a review about Yobit, register on the Traders Union website or you can also leave a review through Facebook.
Is it possible to leave a comment about Yobit on a non-Traders Union client?
Anyone can leave feedback about Yobit on multiple participating clients; however, Traders Union clients also receive additional payments later for working with any broker listed at the Forex market.