Yobit Review 2021

Yobit Review 2021
Davis J.
Robertson A.
January 2021

28

Position
in rating

Trading terminals:

Proprietary platform
28

Position in rating

7.3/10
Overall rating

Trading terminals:

Proprietary platform

Summary of Yobit Trading Company Crypto Exchange

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
Attention!

The Traders Union pays rebates to traders only if they open a trading account with a broker through the Traders Union website and use TU’s referral link.

👍 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.

Overall

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.

Visit Yobit

Geographic Distribution of Yobit Traders

Yobit Latest Comments for 2021

0
0
0

Positive reviews increase standing and, of course, any negative reviews decrease its position in the ratings.

Just register and get authorized to submit a review of the broker’s activities and conditions on its platform. Everyone can and is invited to submit a review. All reviews of Yobit published on the website in 2021 are verified and confirmed by Traders Union as reliable comments by real 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.

Antony Robertson

Traders Union
Financial Analyst

Analysis of the Main Features of this Crypto Exchange

7.3

Overall rating

7.09

/10

Execution of orders

7.51

/10

Investment instruments

7.15

/10

Withdrawal speed

7.45

/10

Customer Support work

6.93

/10

Variety of instruments

7.67

/10

Trading platform

Dynamics of the Popularity of Yobit
in 2020 among the Users of the Traders Union

Logo TU
20,0%
Top 3
10,0%
Top 5
7,0%
Top 10
5,0%
Top 20
1,0%
Top 40
0,5%
Top 100
0,2%
Top 100+
0,05%
Jan.
Feb.
Mär.
Apr.
Mai.
Jun.
Jul.
Aug.
Sep.
Okt.
Nov.
Dez.

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.

Important!

If you are a large investor and plan on investments over $10,000, contact us at [email protected] or by the feedback form on our website. Our professional team will take you through all the intricacies of thedeal 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.

Rebate and Discount Programs of the Traders Union for Yobit

Each user who cooperates with the YoBit crypto exchange can receive rebates, which are refunds of part of the commission fees. To do this, you need to register with the official website of Traders Union. After that, an affiliate link will become available to you in your personal account. You need to follow this link and register with the crypto exchange website. Then, you will start receiving rebates:

Information

20% of commission fees for each trade operation are transferred by the crypto exchange to Traders Union. Traders Union credits you with 80% of the amount received. The rebate is carried out automatically. Users who registered with the exchange website without a Traders Union affiliate link will not be able to receive a rebate.

Example. You sell BTC for USD for two weeks. Let’s say for this period you pay a commission of $150 to the crypto exchange. Yobit will return 20% ($30) of this amount to Traders Union. In turn, Traders Union will return you 80% of the broker’s affiliate payment: $30x0.8 = $24.

Try it!  Try it!

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

Proprietary platform
💻 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

Yobit Commissions & Fees

Information

YoBit offers a flat commission on all trades. It is 0.2% of the transaction amount. There are no additional fees for trading operations.

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
Yobit
$0.2
ByBit
$20
Bitfinex
$0.1
Conclusion

YoBit provides an opportunity to trade cryptocurrencies on favorable terms. There are all major cryptocurrencies and two fiat currencies: the US dollar and the Russian ruble. The trading commission is fixed below the market average. For passive earnings, there are investment plans with daily payments, a typical referral program, and virtual mining. The platform has a proprietary trading terminal and provides a multicurrency account.

Contacts

Registration address Panama City, Panama, Panama
Official site

Tags:

Yobit www yobit.net yobit.net yobit net

The Oldest Reviews of this Crypto Exchange

Positive reviews increase standing and, of course, any negative reviews decrease its position in the ratings.

Just register and get authorized to submit a review of the broker’s activities and conditions on its platform. Everyone can and is invited to submit a review. All reviews of Yobit published on the website in 2021 are verified and confirmed by Traders Union as reliable comments by real traders.

No entries yet.

Author of this Review

Yobit broker’s review prepared by

John Davis

Traders Union Author and Analyst

John Davis is a Financial and Economic Analyst working with the Traders Union since 2016. During this time, he has written more than 100 analytical articles on technical and fundamental analysis, reviews of financial companies and has developed more than 10 proprietary trading systems. John's motto is to help everyone go from a novice to a professional trader.

All information posted on the Traders Union website is based on reliable and objective data. We have combined our 10 years’ experience in the financial sector and the feedback of our customers to provide you with a true picture of the best forex companies in the market. Detailed information about our methodology.

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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.

Why is it more profitable to work with Yobit through Traders Union?

Because you will receive additional payments from Traders Union every month while all other functions on your chosen trading platform remain the same.

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