Yobit fees
Besides offering traders a platform for trading cryptocurrency, YoBit also provides lottery and gambling services. The site is available in English, Russian, and Chinese. It is not yet clear where the company is operating from, but there are strong indications that the company is Russian, considering its Russia-centric approach to business.
Confirmation emails are sent to your email address almost immediately. In the same vein, beginners will find the trading platform to be very user-friendly. YoBit accepts fiat currencies, but you cannot trade leverage on the site. So, if you are looking to trade leverage, you will be better off using a forex broker.
YoBit provides an OK trading system that is organized and well done to support cryptocurrency trading. Traders who like to trade numerous currencies will find YoBit to be the ideal platform for that.
The exchange supports a plethora of digital currencies. Some of these pairs include:. It is evident from the long list of pairings that YoBit offers several digital currencies that are not commonly found on other exchange platforms. Deposit fees charged depend on the payment channel used. Users who make payments via AdvCash are charged 3 percent of every payment made in Russian Ruble.
Withdrawals charges range from 1 percent up to 9 percent. When it comes to online trading, nothing is more important to traders than the assurance that their funds and personal trading information are secure at all times. As such, it is crucial that you find out about the security measures that are put in place by a company before you proceed to trade with them.
YoBit has taken several measures to ensure the security of user information by using the Secure Sockets Layer SSL protocol to provide security over user communications. To deliver an extra layer of security, other security features deployed by YoBit exchange to bolster safety include:. Note that you will need to enable the multifactor authentication feature manually after signing up. YoBit does not provide any information about whether there are limits associated with transactions on the platform.
However, information gathered online suggest that there is no withdrawal limit on crypto transactions on the YoBit exchange. To be on the safe side, you should contact their customer support team to know for sure. Yobit accepts clients from all parts of the world, provided cryptocurrency trading is allowed by legislation in those countries.
However, you will need to fulfill all the local legal requirements in your country of residence. Customers will need to login to their YoBit account and put forward a support ticket if they want to reach support. The company said it responds to submitted support tickets within one hour. However, sometimes it can take up to 24 hours before you will receive a response to your inquiry. You can also follow YoBit on Twitter at https: YoBit has mixed reviews when it comes to the performance of its platform and other functions that traders commonly access.
On the one hand, users have reported that the platform is legitimate and that they have been able to process withdrawals. On the other hand, some users claimed they have not been able to process withdrawals from the exchange platform.
Some people even went as far as claiming that the spread on cryptocurrency is artificially manipulated. YoBit has taken several measures to ensure the security of user information by using the Secure Sockets Layer SSL protocol to provide security over user communications.
To deliver an extra layer of security, other security features deployed by YoBit exchange to bolster safety include:. Note that you will need to enable the multifactor authentication feature manually after signing up. YoBit does not provide any information about whether there are limits associated with transactions on the platform. However, information gathered online suggest that there is no withdrawal limit on crypto transactions on the YoBit exchange. To be on the safe side, you should contact their customer support team to know for sure.
Yobit accepts clients from all parts of the world, provided cryptocurrency trading is allowed by legislation in those countries.
However, you will need to fulfill all the local legal requirements in your country of residence. Customers will need to login to their YoBit account and put forward a support ticket if they want to reach support.
The company said it responds to submitted support tickets within one hour. However, sometimes it can take up to 24 hours before you will receive a response to your inquiry.
You can also follow YoBit on Twitter at https: YoBit has mixed reviews when it comes to the performance of its platform and other functions that traders commonly access. On the one hand, users have reported that the platform is legitimate and that they have been able to process withdrawals. On the other hand, some users claimed they have not been able to process withdrawals from the exchange platform.
Some people even went as far as claiming that the spread on cryptocurrency is artificially manipulated. Others cited inflated and inaccurate prices. On the back of these, we would recommend that you trade with care, if you must use this platform.
More so, there is no information anywhere about whether they are a regulated outfit, which makes us assume that they are not.
Also, the company places withdrawal fees on transfers involving both crypto and fiat currency. The lack of online support also causes concern. Besides, various reports online suggest that YoBit is being investigated by Russian authorities for suspicious trading activities. However, things are not all doom and gloom. The multiple deposit options it offers users is a plus, while the fact that it allows users to deposit fiat currency such as the USD and RUB gives users a variety of options.
There are several digital assets listed on the platform with numerous trading pairs to boot. Regular traders are also offered a bonus program that aims to reward them for their loyalty. What we cannot guarantee, however, is the security of funds. If you insist on trading with this exchange, we would advise that you invest only a negligible amount. Do not deposit more money than you are willing to lose. Skip to content Tokens YoBit serves up a trading application that supports trading via a web browser.
The website is simple and straightforward enough for even beginners. Users are provided with a chat section where they can interact with other participants and find out the latest information about the market.