Traders Union has analyzed financial markets for over 14 years, evaluating brokers based on 250+ transparent criteria, including security, regulation, and trading conditions. Our expert team of over 50 professionals regularly updates a Watch List of 500+ brokers to provide users with data-driven insights. While our research is based on objective data, we recommend that users perform independent due diligence and consult official regulatory sources before making any financial decisions.
Learn more about our methodology and editorial policies.
Pros & Cons
- Absolute anonymity and zero KYC requirements.
- Absence of regional blocks and geo-restrictions.
- Extremely wide selection of trading pairs: over 4,000 pairs.
- Direct support for fiat currencies, including USD and RUB.
- Alternative earning tools like YoFarm investment pools and InvestBox lending programs.
- No margin trading or leverage available.
- Total lack of regulation and legal oversight.
- Outdated functionality and high hidden risks.
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.
TU Expert Verdict
I can confidently recommend Yobit — it is a highly trusted company that I have personally tested and verified. Its trading conditions and user feedback show that most traders are satisfied, and my own experience confirms its solid and consistently reliable performance.
Top-5 Crypto Exchanges Traders Prefer
Yobit User Reviews
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5-star
4%
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4-star
16%
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3-star
78%
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2-star
2%
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1-star
0%
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Yobit Commissions and Fees
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.5.8 /10Yobit received a 5.8/10 score for its trading fees. While Yobit is not the cheapest crypto exchange, the fees remain reasonable and competitive within the market.
- No deposit fee
- 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 CoinMetro Industry average Based on the evaluation of over 100 leading crypto exchanges Spot, maker fee (%) Maker fees are charged when liquidity is added to the order book. This occurs by placing a limit order below the current market price for buy orders, or above the market price for sell orders. 0.2 0.22 0.1 0.15 Spot, taker fee (%) Taker fees are charged when liquidity is removed from the order book. This typically happens when a trade is executed at the market price. 0.2 0.22 0.2 0.194 What are Yobit deposit and withdrawal fees?
Deposit fee, % Important! Even if an exchange does not charge fees for deposits and withdrawals, there can also be fees from the payment system or cryptocurrency network used by the user. For example, the network fee for USDT TRC20 is typically around $1. 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.
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Regulation and Safety
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 Methodology5.3 /10With a 5.3/10 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.
- Investor protection fund
- Cold wallet storage
- No successful hacks history
- 2FA
- Not tier-1 regulated
- Not government-regulated
- No facial recognition
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 Security Factors Yobit OKX Coinbase Tier-1 regulation NoNoYesGovernment-regulated NoYesYesInvestor protection fund Provides compensation to users in case of financial loss due to unforeseen circumstances on the platform. YesYesYes2FA YesYesYesFacial recognition NoYesNoCold wallet storage The majority of user funds are held offline, reducing vulnerability to online attacks. YesYesYesSuccessful hacker attacks We review publicly available information on past security breaches to assess the exchange's security track record. NoNoYesIs Yobit a regulated crypto exchange? Regulation is crucial for the security and legitimacy of a cryptocurrency exchange. We assess the exchange’s regulatory status and its impact on platform reliability.
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.
Is Yobit available in the USA?
Yobit is not available in the USA due to regulatory restrictions. In some cases, access might differ by state, so we recommend confirming details with the platform’s support or checking the official website for the latest updates.
You may also consider the top 3 exchanges that are available in the USA and rank highly based on our methodology: OKX, Coinbase, Crypto.com .
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Deposit and Withdrawal
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 /10Yobit 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.
- PayPal payments
- Bank transfers for deposits and withdrawals
- Many cryptocurrencies for deposits and withdrawals
- No deposit fees
- 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 Coinbase Bank transfers YesNoYesBank card YesYesYesCrypto YesYesYesPayPal YesNoYesWhat is Yobit minimum deposit?
The minimum deposit at Yobit is 30 USD/USDT or 5 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 Coinbase Minimum deposit, USD or USDT 30 10 10 Minimum deposit, BTC 5 5 1 Minimum trade amount, USD/USDT 1 1 2 Does Yobit support fiat money?
Yobit supports fiat currency trading and account funding. The following fiat currencies are accepted: USD, EUR, GBP.
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Supported Coins & Markets
Score:Evaluates the range of available cryptocurrencies, fiat currencies, and markets, as well as investment tools like staking, farming, and other yield options. Read more in the Methodology section.5 /10Yobit received a score of 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.
- Staking available
- Fiat currencies supported
- NFTs available
- Only 196 supported coins
- 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 Coinbase Supported coins 196 600+ 400+ Futures/Perpetual contracts NoYesYesOptions NoYesNoNFTs YesYesYesTokenized Assets Digital tokens representing real-world assets, such as stocks, bonds, commodities, or real estate. NoYesYesTradFi Perps Perpetual futures contracts linked to traditional financial assets, such as stocks, indices, or commodities. NoYesYesPrediction Markets Markets where users trade contracts based on the outcomes of future events. NoNoNoOther Assets NoNoPre-IPO 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.
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Customer Support
Score:We evaluated Customer Support at Yobit based on the availability of live chat, email, phone support, ticket systems, help center resources, 24/7 assistance, multilingual support, and response time. Our assessment focuses on support accessibility and responsiveness. Learn the assessment criteria8.7 /10Yobit demonstrates a high level of customer support, offering multiple communication channels, convenient access to assistance, and comprehensive support resources.
In TU testing, the exchange performed well in support availability and response speed. Users have access to a reliable support infrastructure for resolving account, deposit, withdrawal, and trading-related questions.
- 24/7 customer support available
- Comprehensive help center available
- No dedicated support ticket system
- Phone support unavailable
Yobit Support Channels vs Competitors
Yobit OKX Coinbase Live Chat NoYesEmail Support NoNoPhone Support NoNoTicket System NoYesYes24/7 Support YesYesYesHelp Center / FAQ YesYesYesMultilingual Support NoYesContacts Foundation date 2014 Registration address Panama City, Panama, Panama Official site yobit.net
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