Yobit vs Coinsbit: Fees, Coins, Safety Comparison
| Feature | Yobit | Coinsbit |
|---|---|---|
Overall |
3.5 |
2.8 |
1 |
1 |
|
3.9 |
3.6 |
|
4.2 |
3.3 |
|
Investment Instruments |
4.5 |
2.3 |
Platforms and Charting Tools |
1.8 |
2.6 |
Deposit and Withdrawal |
4.0 |
3.2 |
Research |
2.1 |
3.3 |
Education |
1.5 |
2.6 |
Support |
2.5 |
2.8 |
Bonuses |
4.6 |
3.1 |
|
Your capital is at risk.
|
Your capital is at risk.
|
Yobit vs Coinsbit: 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 Coinsbit exchange is a platform for exchanging, buying, and selling cryptocurrencies. The company trades Bitcoin, Ripple, Litecoin, Bitcoin Cash, Ethereum Classic, and other cryptocurrencies. Defi coins are represented by Swipe, Loopeng, Republic, SushiTokerm, and Compound, etc. There are stablecoins. Coinsbit features crypto-fiat pairs with eight world currencies, including the US dollar and the Russian ruble. There is classic and advanced trading, trading through Metamask and OTC. Passive earning options include staking into blockchain projects and the ability to provide P2P loans. You can receive additional payments for participating in trading contests and the Bug Bounty Vulnerability Search Bonus Program. There is a three-level referral program, and you can enter your own coin on the platform.
| Yobit | Coinsbit | |
|---|---|---|
| Overall Pros | large selection of cryptocurrencies, there are pairs with fiat; | the most popular cryptocurrencies are traded on this exchange; |
| simple and convenient interface of the trading terminal; | there are eight crypto-fiat pairs; | |
| their service coin, which can be obtained for free | there’s the opportunity to invest profitably in the blockchain; | |
| well-thought-out investment system | loans in crypto; | |
| single commission for all trading operations | convenient application for mobile trading; | |
| simplified and professional cryptocurrency trading; | ||
| high level of security (cold storage and WAF); | ||
| high productivity (up to 10,000 trades per minute); | ||
| low but fixed commissions for trading operations; | ||
| Overall Cons | no KYC requirements, not regulated | no call center; |
| only USD and RUB among fiats | no training courses. | |
| there is no mobile trading | ||
| Limited Research | ||
| Limited education |
Yobit vs Coinsbit: Safety and Regulation
| Regulated By: | Yobit | Coinsbit |
|---|---|---|
SEC |
No |
No |
FINRA |
No |
No |
SIPC Protection |
No |
No |
Other Regulators |
Not regulated, no KYC requirements |
No |
Yobit vs Coinsbit: Trading Conditions
| Trading Conditions | Yobit | Coinsbit |
|---|---|---|
Minimum Deposit |
0.0005 BTC |
0.00001 BTC |
Trading Platforms |
yobit |
TradingView |
Max Leverage (Futures) |
44562 |
44562 |
Number of Markets |
257 |
1 560+ |
Trading Accounts |
1 |
1 |
Base Account Currencies |
USD, RUB |
Cryptocurrencies, fiat currencies |
Yobit vs Coinsbit: Fees
Trading Fees
| Fee | Yobit | Coinsbit |
|---|---|---|
Max Maker |
0.20% |
0.2% |
Max Taker |
0.20% |
0.2% |
Min Maker |
0.20% |
0.2% |
Min Taker |
0.20% |
0.2% |
Debit/Credit Card Purchase Fee |
Not supported |
0.8% |
Futures Trading fees
| Fee | Yobit | Coinsbit |
|---|---|---|
Max Maker |
not supported |
Not supported |
Max Taker |
not supported |
Not supported |
Min Maker |
not supported |
Not supported |
Min Taker |
not supported |
Not supported |
Non-Trading Fees
| Fee | Yobit | Coinsbit |
|---|---|---|
Account Fee |
No |
No |
Deposit Fee |
No |
USD 0.8% , Crypto - free |
Bank Transfer Withdrawal Fee |
Not supported |
0.4% |
Debit/Credit Card Withdrawal Fee |
Visa/Mastecard fee |
0.4% |
BTC Withdrawal Fee |
0.0005 BTC |
0.0005 BTC |
Inactivity Fee |
No |
No |
Yobit vs Coinsbit: Trading Assets
| Asset Name | Yobit | Coinsbit |
|---|---|---|
Overall |
212 tokens |
1 560+ |
Bitcoin (BTC) |
Yes |
Yes |
Litecoin (LTC) |
Yes |
Yes |
Dogecoin (DOGE) |
Yes |
Yes |
Binance Coin (BNB) |
Yes |
Yes |
Uniswap (UNI) |
Yes |
No |
Ripple (XRP) |
Yes |
Yes |
Polkadot (DOT) |
Yes |
No |
Cardano (ADA) |
Yes |
Yes |
Stellar (XLM) |
Yes |
Yes |
IOTA (MIOTA) |
Yes |
No |
Tron (TRX) |
Yes |
Yes |
Derivatives (Futures) |
No |
No |
NFT |
No |
No |
Crypto ETF |
No |
No |
Yobit or Coinsbit: Investment Programs
| Asset Name | Yobit | Coinsbit |
|---|---|---|
Staking |
Yes |
Yes |
Mining pool |
No |
No |
Managed Accounts |
No |
No |
MAM/PAMM |
No |
No |
Other |
Farming |
No |
Trading Platforms: Coinsbit or Yobit
| Yobit | Coinsbit | |
|---|---|---|
Web |
Yes |
Yes |
Desktop |
No |
No |
Mobile (Android, iOS) |
No |
Yes |
|
Your capital is at risk.
|
Your capital is at risk.
|
Trading Platforms Features: Coinsbit or Yobit
| Yobit | Coinsbit | |
|---|---|---|
SMS Based 2 FA |
Yes |
No |
App Based 2 FA |
no |
Yes |
Voice Call 2 FA |
no |
No |
Search Bar |
Yes |
Yes |
Filters |
Yes |
Yes |
Technical Analysis: Coinsbit or Yobit
| Yobit | Coinsbit | |
|---|---|---|
Indicators |
Yes |
Yes |
Drawing tools |
Yes |
Yes |
Historical Trades |
No |
Yes |
Live 2 Quotes |
No |
Yes |
Mobile trading: Coinsbit or Yobit
| Yobit | Coinsbit | |
|---|---|---|
iOS Version |
No |
Yes |
Android Version |
No |
Yes |
Apple Watch App |
No |
No |
Touch ID |
No |
No |
Face ID |
No |
No |
Types of orders: Coinsbit or Yobit
| Yobit | Coinsbit | |
|---|---|---|
Market |
Yes |
Yes |
Limit |
Yes |
Yes |
Stop Loss |
No |
No |
Stop Limit |
No |
Yes |
Trailing Stop |
No |
No |
Yobit vs Coinsbit: Deposit and Withdrawal Methods
| Deposit and Withdrawal Method | Yobit | Coinsbit |
|---|---|---|
Bank Transfer |
No |
Yes |
Credit/Debit Card |
Yes |
Yes |
Electronic Wallets |
Yes |
No |
Crypto |
Yes |
Yes |
Yobit vs Coinsbit: Research
| Research Type | Yobit | Coinsbit |
|---|---|---|
News Feed |
No |
No |
Fundamental Data |
No |
Yes |
Chart Analysis |
No |
Yes |
Trading Ideas |
No |
Yes |
E-Mail Reports |
NO |
No |
Yobit vs Coinsbit: Education
| Education Type | Yobit | Coinsbit |
|---|---|---|
Demo-account/Paper Trading |
No |
Yes |
Courses |
No |
No |
Articles |
Yes |
Yes |
Videos |
No |
No |
Webinars |
No |
No |
Coinsbit vs Yobit: Support
| Support Features | Yobit | Coinsbit |
|---|---|---|
Working Days |
24/7 |
24/7 |
No |
Yes |
|
Phone |
No |
No |
Online chat |
no |
Yes |
Other |
Tickets |
No |
Yobit vs Coinsbit: Crypto Bonuses and Promo
| Promo | Yobit | Coinsbit |
|---|---|---|
Crypto Bonus |
Sign-up bonus, Referral bonuses |
Trading contests, Bug Bounty Vulnerability Search Bonus Program |
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. |
25% of commissions for first-level referrals; 15% of commissions for second-level referrals; 10% of the commissions of third-level referrals. |
|
Your capital is at risk.
|
Your capital is at risk.
|
Top 5 Reviews on Coinsbit
-
Comment
Coinsbit suffers from frequent technical issues, including slow transactions and unreliable performance during peak hours. Furthermore, the lack of transparency regarding fees and security measures raises concerns about the platform's integrity. I advise caution and recommend exploring alternative exchanges for a smoother trading experience.
-
Comment
Money is not withdrawn, information is not given, the specified phones are fake. Another kidalovo.
-
Comment
The support could not give clear answers to my questions, this indicates the frivolity of the company. It looks like everything is fake. Therefore, I think that especially for beginners, there is every chance to easily drain all the money.
-
Comment
This is an average exchange with average opportunities. Although I have been trading on Coinsbit for two years, I cannot call this platform above average. Yes, there are passive investing chips. But at the moment, many exchanges offer such investment and accept the same CNB coin that you could get for free not so long ago. Everyone expected the CNB rate to skyrocket, but it sank so that it makes no sense to sell CNB now. I still keep this token in the investment pool, but the profitability on it is very weak. I think the owners of the Coinsbit exchange should do some marketing work. Otherwise, clients will start scattering.
-
Comment
Everything suits me on the Coinsbit exchange and there are a very large number of crypto pairs here. The exchange is constantly listing and adding new crypto pairs. The support service works competently and always answers questions. So far, no controversy has arisen. The trading platform is good and deals are opened very quickly. I trade the main crypto pairs in most transactions, the demand and supply for them are high. I don’t use such functions as investing or 2P2 loans, trading is enough for me. The commissions for transactions are quite acceptable, and I did not notice that the exchange took commissions for input and output.
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.
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.