Yobit vs Binance: Fees, Coins, Safety Comparison
| Feature | Yobit | Binance |
|---|---|---|
Overall |
3.5 |
4.8 |
1 |
4.5 |
|
3.9 |
4.8 |
|
4.2 |
5.0 |
|
Investment Instruments |
4.5 |
4.7 |
Platforms and Charting Tools |
1.8 |
4.9 |
Deposit and Withdrawal |
4.0 |
4.7 |
Research |
2.1 |
4.6 |
Education |
1.5 |
4.8 |
Support |
2.5 |
4.8 |
Bonuses |
4.6 |
4.2 |
|
Your capital is at risk.
|
Your capital is at risk.
|
Yobit vs Binance: Pros and Cons
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.
The Binance exchange is one of the largest cryptocurrency exchanges in the world with its headquarters in Hong Kong. According to the CoinMarketCap cryptocurrency portal, Binance holds the top spot in terms of aggregate indicators of the platform's daily turnover, the number of novices and active users, liquidity, and web traffic (ranking, queries, statistics in search engines, etc.). The exchange is also a cryptocurrency startup that has its own “native asset” used in the Binance ecosystem as the “basis gas” (payment internal unit).
| Yobit | Binance | |
|---|---|---|
| Overall Pros | large selection of cryptocurrencies, there are pairs with fiat; | Trading With Leverage up to 1:100 |
| simple and convenient interface of the trading terminal; | Low Trading and Non-Trading Fees | |
| their service coin, which can be obtained for free | 10+ Account Fiat Currencies + 50 Crypto | |
| well-thought-out investment system | Derivatives, NFT, ETF are Available | |
| single commission for all trading operations | Indicators are Available | |
| Passive Income With Staking and Mining Pool | ||
| Strong Research | ||
| Overall Cons | no KYC requirements, not regulated | No tier-1 regulation |
| only USD and RUB among fiats | ||
| there is no mobile trading | ||
| Limited Research | ||
| Limited education |
Yobit vs Binance: Safety and Regulation
| Regulated By: | Yobit | Binance |
|---|---|---|
SEC |
No |
No |
FINRA |
No |
No |
SIPC Protection |
No |
No |
Other Regulators |
Not regulated, no KYC requirements |
Registered as Digital Asset Service Provider (DASP) by Autorité des marchés financiers (AMF) |
Yobit vs Binance: Trading Conditions
| Trading Conditions | Yobit | Binance |
|---|---|---|
Minimum Deposit |
0.0005 BTC |
$1 |
Trading Platforms |
yobit |
Binance |
Max Leverage (Futures) |
44562 |
1-100 |
Number of Markets |
257 |
1.358 |
Trading Accounts |
1 |
1 |
Base Account Currencies |
USD, RUB |
USD, EUR, GBP +10 fiat currencies, 50+ Cryptocurrencies |
Yobit vs Binance: Fees
Trading Fees
| Fee | Yobit | Binance |
|---|---|---|
Max Maker |
0.20% |
0.1% |
Max Taker |
0.20% |
0.1% |
Min Maker |
0.20% |
0.012% |
Min Taker |
0.20% |
0.024% |
Debit/Credit Card Purchase Fee |
Not supported |
0.01 |
Futures Trading fees
| Fee | Yobit | Binance |
|---|---|---|
Max Maker |
not supported |
0.02% |
Max Taker |
not supported |
0.04% |
Min Maker |
not supported |
0 |
Min Taker |
not supported |
0 |
Non-Trading Fees
| Fee | Yobit | Binance |
|---|---|---|
Account Fee |
No |
No |
Deposit Fee |
No |
No |
Bank Transfer Withdrawal Fee |
Not supported |
1.5 USD |
Debit/Credit Card Withdrawal Fee |
Visa/Mastecard fee |
0.0001 |
BTC Withdrawal Fee |
0.0005 BTC |
0.0001 BTC |
Inactivity Fee |
No |
No |
Yobit vs Binance: Trading Assets
| Asset Name | Yobit | Binance |
|---|---|---|
Overall |
212 tokens |
396+ |
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) |
Yes |
Yes |
Tron (TRX) |
Yes |
Yes |
Derivatives (Futures) |
No |
Yes |
NFT |
No |
Yes |
Crypto ETF |
No |
Yes |
Yobit or Binance: Investment Programs
| Asset Name | Yobit | Binance |
|---|---|---|
Staking |
Yes |
Yes |
Mining pool |
No |
Yes |
Managed Accounts |
No |
No |
MAM/PAMM |
No |
No |
Other |
Farming |
No |
Trading Platforms: Binance or Yobit
| Yobit | Binance | |
|---|---|---|
Web |
Yes |
Yes |
Desktop |
No |
Yes |
Mobile (Android, iOS) |
No |
Yes |
|
Your capital is at risk.
|
Your capital is at risk.
|
Trading Platforms Features: Binance or Yobit
| Yobit | Binance | |
|---|---|---|
SMS Based 2 FA |
Yes |
Yes |
App Based 2 FA |
no |
Yes |
Voice Call 2 FA |
no |
No |
Search Bar |
Yes |
Yes |
Filters |
Yes |
Yes |
Technical Analysis: Binance or Yobit
| Yobit | Binance | |
|---|---|---|
Indicators |
Yes |
Yes |
Drawing tools |
Yes |
Yes |
Historical Trades |
No |
Yes |
Live 2 Quotes |
No |
Yes |
Mobile trading: Binance or Yobit
| Yobit | Binance | |
|---|---|---|
iOS Version |
No |
Yes |
Android Version |
No |
Yes |
Apple Watch App |
No |
No |
Touch ID |
No |
No |
Face ID |
No |
No |
Types of orders: Binance or Yobit
| Yobit | Binance | |
|---|---|---|
Market |
Yes |
Yes |
Limit |
Yes |
Yes |
Stop Loss |
No |
Yes |
Stop Limit |
No |
Yes |
Trailing Stop |
No |
Yes |
Yobit vs Binance: Deposit and Withdrawal Methods
| Deposit and Withdrawal Method | Yobit | Binance |
|---|---|---|
Bank Transfer |
No |
Yes |
Credit/Debit Card |
Yes |
Yes |
Electronic Wallets |
Yes |
Yes |
Crypto |
Yes |
Yes |
Yobit vs Binance: Research
| Research Type | Yobit | Binance |
|---|---|---|
News Feed |
No |
Yes |
Fundamental Data |
No |
Yes |
Chart Analysis |
No |
Yes |
Trading Ideas |
No |
No |
E-Mail Reports |
NO |
Yes |
Yobit vs Binance: Education
| Education Type | Yobit | Binance |
|---|---|---|
Demo-account/Paper Trading |
No |
No |
Courses |
No |
Yes |
Articles |
Yes |
Yes |
Videos |
No |
Yes |
Webinars |
No |
Yes |
Binance vs Yobit: Support
| Support Features | Yobit | Binance |
|---|---|---|
Working Days |
24/7 |
24/7 |
No |
Yes |
|
Phone |
No |
Yes |
Online chat |
no |
Yes |
Other |
Tickets |
Telegram |
Yobit vs Binance: Crypto Bonuses and Promo
| Promo | Yobit | Binance |
|---|---|---|
Crypto Bonus |
Sign-up bonus, Referral bonuses |
No |
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. |
40% of the partner's trading commissions |
|
Your capital is at risk.
|
Your capital is at risk.
|
Top 5 Reviews on Binance
-
Comment
Despite the growing number of reported hacks in the crypto space, I never once felt worried about using Binance as my crypto exchange. They have the most extensive security verification methods, and this makes me feel that trusting my funds with them is one of the best decisions I’ve made. Earlier this year I lost my phone number to which my Binance acct was connected and got very worried that my funds will be compromised. Turns out, it was easy to replace my old contact info with my new number, and they also suggested that I activate my 2-factor authentication for an extra layer of protection. I have also recently activated my passkeys for added security. All these years, Binance has been nothing but a trustworthy platform to me. I only trade crypto with them and nowhere else.
-
Comment
I created my account with Binance four years ago. It was during the middle of the crypto boom. I thought it was just a phase and would completely forget about it after the pandemic. But it turns out it is not :D. I still actively trade with the same account. Probably what made me stay is the ease of use, either when I am trading with the website or through the Binance app. Features in both platforms are easy to understand and use. I never had to consult YouTube videos as I normally do with my other brokerage accounts to figure out how a certain tool/button works. What you see is what you get. Never had issues with order execution, deposits, and withdrawals either which made the overall trading experience an excellent one all these years. I think Binance took over the crypto market easily for the same reason. It sold us the idea that trading is easy after all.
-
Comment
My experience with Binance has been predominantly positive. The platform's extensive cryptocurrency offerings, user-friendly interface, advanced trading features, and commitment to security make it a compelling choice for both novice and experienced traders alike.
-
Comment
Binance is the best cryptocurrency exchange for me. There is a very rich selection of cryptocurrency pairs, and many new tokens are added. The crypto rate is market-based, I checked with different exchanges, there is no big difference. With Binance, you can get a good return. I recommend the exchange.
-
Comment
I chose Binance for a reason. I have long been interested in P2P trading, and Binance, as far as I know, is one of the few exchanges where this way of earning is available. I myself, of course, also trade, but I get the main income precisely through P2P. And it cannot be said that I would recommend Binance for trading. The company is not bad, but there are nuances: my terminal hung up a couple of times, well, I spent time going through verification, be healthy. But the commissions are low, and the deposit requirements are minimal, so there are plenty of traders here, especially beginners. What sets Binance apart from most exchanges is that a cold wallet is available, but given how often exchange accounts get hacked… I would think so.
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.
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.
The area of responsibility of Mikhail includes covering the news of currency and stock markets, fact checking, updating and editing the content published on the Traders Union website. He successfully analyzes complex financial issues and explains their meaning in simple and understandable language for ordinary people. Mikhail generates content that provides full contact with the readers.
Mikhail’s motto: Learn something new and share your experience – never stop!
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.
Olga has extensive experience in writing and editing articles about the specifics of working in the Forex market, cryptocurrency market, stock exchanges and also in the segment of financial investment in general. This level of expertise allows Olga to create unique and comprehensive articles, describing complex investment mechanisms in a simple and accessible way for traders of any level.
Olga’s motto: Do well and you’ll be well!