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8.44/10
TU Overall Score
The purpose of creating the TU Overall Score is to make the search for secure and reliable brokerage companies easier for the visitors of our website. We believe that it is a very important mission as, unfortunately, not every company in the financial industry is worthy of trust.

According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
Minimum deposit:
  • 0.0005 BTC
Trading platform:
  • Proprietary platform
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
548
users picked this broker in 3 months
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Our Evaluation of Yobit

8.44/10
TU Overall Score
The purpose of creating the TU Overall Score is to make the search for secure and reliable brokerage companies easier for the visitors of our website. We believe that it is a very important mission as, unfortunately, not every company in the financial industry is worthy of trust.

According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
Traders Union icon

Yobit is one of the top cryptocurrency exchanges in the financial market with the TU Overall Score of 8.44 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.

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.

Brief Look at Yobit

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.

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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.

TU Expert Advice

Anastasiia Chabaniuk

Author, Financial Expert at Traders Union

Yobit is a cryptocurrency exchange offering a broad range of digital currencies, including Bitcoin, Litecoin, and Tether. It provides a proprietary trading platform with a web-based interface and allows transactions in USD and RUB. The exchange benefits users with fixed trading fees of 0.2% and the option to trade without KYC verification, providing anonymity. The availability of multiple deposit and withdrawal methods, including cryptocurrencies and fiat, further enhances its accessibility.

However, Yobit does have drawbacks, such as the absence of a mobile app, which may limit traders who prefer trading on-the-go. Also, its fiat currency options are restricted, potentially limiting flexibility for some users. While Yobit may suit experienced traders interested in a wide crypto selection, novice traders or those seeking mobile access and educational resources may find it less suitable.

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.

Yobit Summary

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.

💻 Trading platform: Proprietary platform
📊 Accounts: Standard
💰 Account currency: Cryptocurrencies, RUB, USD
💵 Deposit / Withdrawal: Bank cards and accounts, electronic and cryptocurrency wallets
🚀 Minimum deposit: 0.0005 BTC
⚖️ Leverage: No
💼 PAMM-accounts: No
📈️ Min Order: from 0
💱 Commission: Spot: 0,2%-0,2%
🔧 Instruments: 196 supported coins, Fiat, NFT.
💹 Margin Call / Stop Out: No
🏛 Liquidity provider: No
📱 Mobile trading: No
➕ Affiliate program: Yes
📋 Order 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

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.

Yobit Key Parameters Evaluation

Video Review of Yobit

User Satisfaction i

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fx00786
28 weeks ago

One of the obvious advantages of the platform is its coin service, which is available free of charge. This is a great opportunity, especially for beginners, to start using the platform and understand its features. A bonus like this is really satisfying and adds value to use. The absence of tutorials or guides is frustrating. For those new to trading, useful documents could greatly simplify the process of mastering the platform and improve the overall experience. You have to search for information on your own, which is not always convenient.

L'un des avantages évidents de la plateforme est son service de pièces de monnaie, qui est disponible gratuitement. C'est une excellente occasion, en particulier pour les débutants, de commencer à utiliser la plateforme et de comprendre ses fonctionnalités. Un tel bonus est vraiment satisfaisant et ajoute de la valeur à l'utilisation.
L'absence de tutoriels ou de guides est frustrante. Pour ceux qui débutent dans le trading, des documents utiles pourraient grandement simplifier le processus de maîtrise de la plateforme et améliorer l'expérience globale. Vous devez rechercher des informations par vous-même, ce qui n'est pas toujours pratique.

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bayob73
29 weeks ago

At Yobit, I particularly appreciate the simple, practical interface of the trading terminal. This is very important for a trader, especially when he has to make quick decisions. Everything is done here in such a way as to make it convenient and clear to work without unnecessary complications. However, the choice of fiat currencies is limited to US dollars and rubles, which is a little disappointing. If other options were added, such as euros or other popular currencies, transactions would be much more flexible and convenient. The interface is nice, but the platform could be more versatile with a wider range of fiat currencies.

Chez Yobit, j'apprécie particulièrement l'interface simple et pratique du terminal de trading. C'est très important pour un trader, surtout lorsqu'il doit prendre des décisions rapides. Tout est fait ici de manière à ce qu'il soit pratique et clair de travailler sans complications inutiles. C'est l'un des moments pour lesquels j'apprécie cette plateforme.
Toutefois, le choix des devises fiduciaires est limité aux seuls dollars américains et roubles, ce qui est un peu décevant. Si d'autres options étaient ajoutées, comme l'euro ou d'autres devises populaires, les transactions seraient beaucoup plus flexibles et pratiques. J'espère qu'avec le temps, ils y prêteront attention.
L'interface est agréable, mais la plateforme pourrait être plus polyvalente avec une gamme élargie de devises fiduciaires.

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baoy4real16
30 weeks ago

I liked the fact that Yobit offers a wide selection of crypto-currencies, including pairs with fiat currencies. It's convenient, and I chose to trade this way. Everything works as it should, transactions run smoothly and, in general, trading here leaves a positive impression. There's no mobile app or fully-fledged mobile version. This is a drawback, especially if you often have to work from your phone. I'd like to see the platform develop in this direction, as mobile trading is now very important for many traders. Otherwise, the platform isn't bad, but a mobile solution would certainly improve it.

J'ai apprécié le fait que Yobit propose une large sélection de crypto-monnaies, y compris des paires avec des monnaies fiduciaires. C'est pratique, et j'ai choisi de négocier de cette manière. Tout fonctionne comme il se doit, les transactions se déroulent sans problème et, en général, le trading ici laisse une impression positive.
Il n'y a pas d'application mobile ou de version mobile à part entière. C'est un inconvénient, surtout si vous devez souvent travailler depuis votre téléphone. J'aimerais que la plateforme se développe dans cette direction, car le commerce mobile est désormais très important pour de nombreux traders.
Sinon, la plateforme n'est pas mauvaise, mais une solution mobile l'améliorerait certainement.

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Akokixav
1 year ago

I have been using Yobit exchange for a few months now, and I would like to point out that it is one of the best platforms for trading cryptocurrencies. One of the main reasons why I chose Yobit is the huge selection of cryptocurrencies. Here you can find not only popular coins such as Bitcoin and Ethereum, but also a lot of lesser-known altcoins, which gives great opportunities for portfolio diversification. In addition, the exchange offers trading pairs with fiat currencies, which greatly facilitates deposit and withdrawal of funds.
I would also like to note the simple and convenient interface of the Yobit trading terminal. Everything is intuitive, and the speed of operations is high. Even a beginner will find it easy to understand and start trading on this platform. For me, the convenience and functionality of the interface are important criteria, and Yobit fully meets my expectations.

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fajarrizki
1 year ago

One of the most interesting features of the Yobit exchange is their service coin, which you can get for free. This is a great way to attract new users and encourage existing ones. I have received a few of these coins myself and I am pleasantly surprised by this bonus. It shows that Yobit cares about their customers and strives to make trading on their platform even more attractive.
In addition, Yobit's investment system is well thought out. The exchange offers various investment tools that allow not only trading, but also investing in cryptocurrencies for long-term earnings. Convenient conditions, transparency and security - all this makes Yobit one of the best platforms for those who want to reliably and profitably invest their funds.

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tomy
1 year ago

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.

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fernekinard7243778
3 years ago

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.

Score:
Our evaluation encompasses several key factors, including government regulation, two-factor authentication (2FA), cold wallet storage of client assets, investor protection funds, KYC protocol adherence, year of foundation, and history of security breaches. Read more in our Methodology
5.25/10

Regulation and safety

With a 5.25/10 score, Yobit demonstrates a moderate level of security and regulation. While the platform meets basic safety standards, it may not offer the same level of protection as higher-rated exchanges.

Advantages of Yobit
  • 2FA
  • No successful hacks history
  • Cold wallet storage
  • Investor protection fund
Disadvantages of Yobit
  • No facial recognition
  • Not tier-1 regulated
  • Not government-regulated

Yobit Security Factors

We also compared Yobit against the top two competitors with the highest scores in our overall ranking based on the most critical security indicators.

Yobit OKX Kraken
Tier-1 regulation No No Yes
Government-regulated No Yes Yes
Investor protection fund Yes Yes No
2FA Yes Yes Yes
Facial recognition No Yes No
Cold wallet storage Yes Yes Yes
Successful hacker attacks No No No

Is Yobit a regulated crypto exchange?

Yobit is not currently regulated by any government authority, which is still a common occurrence in the cryptocurrency industry. While this doesn't automatically mean Yobit is unreliable, government-regulated exchanges are generally considered more reliable due to the added oversight and client protection they offer.

Is verification (KYC) mandatory at Yobit?

KYC verification is not mandatory for opening an account and trading at Yobit. However, unverified accounts have certain limitations, such as lower withdrawal limits and restricted access to certain features.

In which countries is Yobit available?

Yobit complies with international sanctions and regional restrictions. Services are limited or unavailable in the following countries: Lithuania, Ireland, Slovakia, Georgia, Tajikistan, Armenia, Hungary, Bahrain, Palestine, Jordan, Iraq, Qatar, Kuwait, Lebanon, Libyan Arab Jamahiriya, Oman, Syrian Arab Republic, Tunisia, Yemen, Botswana, Tanzania, United Republic Of, Zimbabwe, Namibia, Ethiopia, Jamaica, Zambia, Hong Kong, Afghanistan, Trinidad and Tobago, Brunei, Nepal, Serbia, Somalia, Cameroon, Rwanda, Slovenia, Eswatini, Croatia, Mongolia, Burma, Montenegro, Cambodia, Taiwan, Mozambique, Madagascar, Dominican Republic, Albania, Mauritius, Puerto Rico, Cote d'Ivoire, Laos, Macedonia, Papua New Guinea, Costa Rica, Luxembourg, Malta, Ecuador, Bahamas, Haiti. For the most up-to-date information on regional availability, please contact Yobit support.

Is Yobit available in the USA?

Yes, Yobit is available in the USA. However, availability may vary by state due to local regulations. We recommend checking the official website or contacting support for up-to-date information specific to your location.

Score:
This category evaluates trading costs and the transparency of deposit and withdrawal charges according to the Methodology. It covers spot and futures trading fees, P2P exchange costs, deposit/withdrawal fees, and tiered fee structures. The assessment ensures that fees are competitive and clearly disclosed, avoiding hidden or excessive costs. Each factor is scored based on defined criteria, contributing to the overall rating.
5.75/10

Yobit commissions and fees

Yobit received a 5.75/10 score for its trading fees. While Yobit is not the cheapest crypto exchange, the fees remain reasonable and competitive within the market.

Advantages
  • No deposit fee
Disadvantages
  • Spot fee above industry average

What are Yobit trading fees?

We analyzed Yobit’s crypto fees and compared them to the top two competitors, both of which hold high average positions in our rankings. To establish a comprehensive benchmark, we also calculated the average fee score based on an evaluation of over 100 cryptocurrency exchanges.

Yobit trading fees vs competitors

Yobit Nexus Trade Paxful Industry average
Spot, maker fee (%) 0,2 0,22 0 0.15
Spot, taker fee (%) 0,2 0,22 0 0.194

What are Yobit deposit and withdrawal fees?

Deposit fee, % 0
Withdrawal fee, % 0,0005 BTC

Does Yobit offer P2P trading?

No, Yobit does not support P2P transactions. However, you can explore the best alternatives in our dedicated list of top P2P exchange platforms, offering a variety of secure options for peer-to-peer transactions.

Score:
We evaluated the deposit and withdrawal experience, considering several key factors such as the range of available methods, transaction processing speed, minimum deposit requirements, and associated fees. Read more in our Methodology.
9/10

Deposit and withdrawal

Yobit received a 9/10 rating for its deposit and withdrawal services. Yobit supports a wide range of payment methods with low or no fees, ensuring fast and convenient transactions.

Advantages
  • No deposit fees
  • Bank transfers for deposits and withdrawals
  • Bank cards accepted for instant deposits
  • Google Pay supported
Disadvantages
  • No P2P transfer option
  • Withdrawal fee applies

Deposit and withdrawal options

Yobit supports the following deposit and withdrawal options: Bank transfers, Bank card, Crypto, PayPal, Advcash Wallet, Google Pay, Apple Pay.

Yobit Deposit and withdrawal options vs competitors

Yobit OKX Kraken
Bank transfers Yes No Yes
Bank card Yes Yes Yes
Crypto Yes Yes Yes
PayPal Yes No Yes

What is Yobit minimum deposit?

The minimum deposit at Yobit is 30 USD/USDT or 0,0005 BTC. The minimum trade size is 1 USD/USDT, which also serves as the minimum amount required to start trading on the platform.

Yobit minimum deposit vs competitors

Yobit OKX Kraken
Minimum deposit, USD or USDT 30 10 10
Minimum deposit, BTC 0,0005 0,0005 0,0001
Minimum trade amount, USD/USDT 1 0,00001 1

Does Yobit support fiat money?

Yobit supports fiat currency trading and account funding. The following fiat currencies are accepted:

Score:
5.5/10

Supported coins & markets

Yobit received a score of 5.5/10 in this category, reflecting a solid selection of tradable assets and markets. Yobit supports 196 cryptocurrencies and basic trading types, although some advanced features or asset diversity may be limited compared to leading exchanges.

Advantages
  • Yield farming available
  • Fiat currencies supported
  • Staking available
Disadvantages
  • Crypto options not available
  • Crypto futures not available

Yobit supported coins and markets vs competitors

We compared Yobit with leading exchanges in terms of supported coins, NFT access, and derivatives like futures and options to help users assess the platform’s product range and trading flexibility.

Yobit OKX Kraken
Supported coins 196 329 278
Futures/Perpetual contracts No Yes Yes
Options No Yes No
NFTs Yes Yes Yes

Yobit passive income options vs competitors

We also compared Yobit with top competitors in terms of passive income opportunities such as staking, farming, and copy trading, to help users evaluate the platform’s earning potential beyond regular trading.

Yobit OKX Kraken
Staking Yes Yes Yes
Yield farming Yes Yes Yes
Copy trading Yes Yes Yes

Contacts

Foundation date 2014
Registration address Panama City, Panama, Panama
Official site yobit.net

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