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YoBit.Net Review

Last Updated on January 31, 2024

James Headshot
Written by
Adam Headshot
Edited by
YoBit.Net logo
2.18
Crypto Head Rating
Our review is based on the spot trading platform. Please check our methodology on how we rate exchanges for further information.
Visit YoBit.Net

The Bottom Line Our review is based on the spot trading platform. Please check our methodology on how we rate exchanges for further information.

YoBit.net emerges as a fun and legitimate option for trading cryptocurrencies, boasting a vast array of available tokens and a trading volume that speaks to its popularity. With a presence in Panama and a reach that extends to a global market, it garners attention from a wide variety of crypto wallets and trading styles.

While it has faced its fair share of negative reviews, the exchange continues to evolve, incorporating user feedback into its ongoing development.

Table of Contents
Disclaimer: This is not a validation of cryptocurrency or any particular provider, service, or product. It should not be taken as advice to engage in trading or use any services. Please check our terms and conditions.

Pros

  • Wide range of cryptocurrencies available
  • Provides a platform for ICOs and token sales
  • User-friendly interface
  • Chat system allows for community interaction
  • Multiple language support

Cons

  • Limited customer support options
  • History of security issues
  • No fiat currency trading pairs
  • Lack of regulatory compliance
  • Complex fee structure

Quick Summary

Headquarters Location Russia
Fiat Currencies Supported USD + 1 other
Total Supported Cryptocurrencies 201+
Trading Fees 0.20%
Deposit Methods Bank Transfer, Debit Card, Credit Card, Cryptocurrency, QIWI, PerfectMoney, Payeer, AdvCash, Capitalist
Support Support Ticket
Mobile App Has no mobile app.

YoBit.Net stands as a prominent name in the world of cryptocurrency exchanges, offering a broad spectrum of services to crypto enthusiasts. Established with a user-centric approach, this platform caters to the diverse needs of its global audience, aiming to streamline their trading activities.

YoBit.Net homepage

The YoBit.Net exchange has carved its niche in the vibrant cryptocurrency marketplace, positioning itself as a dynamic hub for digital asset trading. Grounded in a philosophy of inclusivity, YoBit continually adapts to the evolving landscape of digital finance, seeking ways to optimise the trading experience for its users.

The platform’s resilience and adaptability have contributed to its reputation, drawing traders from various backgrounds to explore the potentials of cryptocurrency investment.

About YoBit.Net

The YoBit exchange, headquartered in Panama City, Panama, was founded by a group of crypto-minded individuals, including Chen Zifeng. Its inception aimed to provide a seamless trading experience for digital assets across a wide range of cryptocurrencies.

Since its launch, YoBit has consistently expanded its offerings, building a reputation for supporting a multitude of crypto projects.

YoBit.Net features

Since its establishment, the YoBit exchange has navigated through cryptocurrency’s fluctuating tides, adapting to market demands while fostering innovation. Its journey is marked by strategic decisions to accommodate the proliferation of digital assets, aligning with industry trends that emphasise variety and accessibility.

Chen Zifeng’s vision has steered YoBit through significant milestones, positioning the platform as a reflection of the market’s dynamic nature, where shifts in investor sentiment and technological advancements continually reshape the digital exchange landscape.

YoBit.Net has a number of active social profiles including Facebook, Twitter, LinkedIn and Reddit.

YoBit.Net Supported Cryptocurrencies

YoBit.Net supports trading on over 201 cryptocurrencies on their platform. This exchange currently supports 5 of the top 30 market cap cryptocurrencies.

  • Bitcoin (BTC)
  • Ethereum (ETH)
  • Tether USDt (USDT)
  • BNB (BNB)
  • Solana (SOL)
  • XRP (XRP)
  • USDC (USDC)
  • Cardano (ADA)
  • Dogecoin (DOGE)
  • Avalanche (AVAX)
  • TRON (TRX)
  • Chainlink (LINK)
  • Polkadot (DOT)
  • Polygon (MATIC)
  • Toncoin (TON)
  • Shiba Inu (SHIB)
  • Uniswap (UNI)
  • Litecoin (LTC)
  • Bitcoin Cash (BCH)
  • Internet Computer (ICP)
  • Dai (DAI)
  • Immutable (IMX)
  • UNUS SED LEO (LEO)
  • Cosmos (ATOM)
  • Bittensor (TAO)
  • Aptos (APT)
  • Filecoin (FIL)
  • Ethereum Classic (ETC)
  • Stacks (STX)
  • NEAR Protocol (NEAR)

View all cryptocurrencies YoBit.Net supports

  • 0XBTC
  • 2GIVE
  • ABYSS
  • ACES
  • ACOIN
  • ADC
  • ADZ
  • AMS
  • ARB
  • ARCO
  • ARCT
  • ARGUS
  • ATB
  • ATL
  • AUR
  • AV
  • AXIOM
  • BCA
  • BCD
  • BCHABC
  • BCHSV
  • BERN
  • BF
  • BITB
  • BITS
  • BLAZR
  • BLU
  • BLUE
  • BOUTS
  • BSC
  • BSTY
  • BTA
  • BTG
  • BTS
  • BUB
  • BUZZ
  • C2
  • CAB
  • CANN
  • CARBON
  • CF
  • CHESS
  • CHSB
  • CJ
  • CLAM
  • CLOAK
  • CLUB
  • CMT
  • CNB
  • CNNC
  • CNT
  • CONX
  • CREVA
  • CXT
  • DASH
  • DCR
  • DFT
  • DGB
  • DLC
  • DLT
  • DMT
  • DOGE
  • DRM
  • DRT
  • EDRC
  • EMC
  • ENT
  • EOS
  • ETC
  • EUC
  • EVIL
  • FLOKI
  • FLOT
  • FRN
  • FRST
  • FUZZ
  • GB
  • GCC
  • GCR
  • GOD
  • GSR
  • HAND
  • HEX
  • HMQ
  • HVCO
  • IBANK
  • ICOB
  • ICON
  • IETH
  • IFT
  • IMS
  • IND
  • INXT
  • IXC
  • KBC
  • KOBO
  • KURT
  • LANA
  • LCC
  • LOOM
  • LRC
  • LSK
  • LTC
  • LTCR
  • LTCU
  • LUNYR
  • MAX
  • MAY
  • MNTP
  • MODX
  • MOJO
  • MOLK
  • MOTO
  • MST
  • NBC
  • NETKO
  • NEU
  • NEVA
  • NEXO
  • NMC
  • NTK
  • NYC
  • ONX
  • OPAL
  • PEX
  • PIVX
  • PKB
  • PLBT
  • PLNC
  • PMA
  • PONZI
  • POST
  • POSW
  • PPC
  • PRIX
  • PXI
  • QBC
  • RBBT
  • RBIES
  • RBT
  • RBY
  • RDD
  • ROOBEE
  • SANDG
  • SBTC
  • SCS
  • SHDW
  • SIB
  • SLS
  • SNC
  • SNRG
  • SOCC
  • SONG
  • SPD
  • SPR
  • SRN
  • START
  • SWING
  • SWT
  • TAG
  • TAJ
  • TBX
  • TNS
  • TRX
  • TX
  • UBEX
  • UBTC
  • UFR
  • UNIFY
  • UNIT
  • VEC2
  • VEST
  • VIA
  • VIDZ
  • VLT
  • VOLT
  • VRA
  • VTC
  • WAVES
  • WBB
  • WRC
  • XBTC21
  • XCO
  • XEM
  • XHI
  • XPD
  • XPTX
  • XPY
  • XQN
  • XRA
  • XRP
  • XVG
  • XYO
  • YFI
  • YO
  • ZEC
  • ZENI
  • ZET
  • ZIL
  • ZIPT
  • ZYD

Trading Experience

YoBit’s trading experience is tailored to be accessible to both novices and seasoned traders. With a user interface that simplifies the process of executing trades, the platform facilitates a smooth trading journey.

The array of trading options available caters to a wide variety of preferences, enhancing the overall user experience.

The trading experience on YoBit is designed to be intuitive and engaging, accommodating a spectrum of trading strategies and preferences. The exchange fosters a trading environment that allows users to efficiently manage their digital assets, offering a wide range of cryptocurrencies.

From seasoned traders to those new to the crypto scene, YoBit’s platform aims to deliver a seamless trading process, underpinned by a robust trading platform that supports a futures trading feature among various advanced trading options.

YoBit.Net exchange marketing

YoBit.Net Fees

Navigating the complex world of exchange fees, YoBit implements a structure that is designed to accommodate both small-scale traders and those with extensive portfolios. The fee mechanism is crafted to balance competitiveness with sustainability, ensuring that users can conduct transactions with clarity regarding the costs involved.

YoBit’s fee model mirrors its commitment to providing an equitable platform that serves the breadth of its user base. By adopting a fee structure that scales with usage, it ensures that its services remain attractive to individuals at different investment levels.

The platform’s approach to fees exemplifies its understanding of market competitiveness and the importance of transparency in fostering long-term relationships with traders.

Type Fee
Deposit Fee (Bank Transfer) 0% - 1%
Deposit Fee (Credit/Debit Card) 0% - 1%
Trading Fee 0.20%
Withdrawal Fee (Bank Transfer) 1% - 7%

YoBit.Net supports a range of different cryptocurrencies with varying withdrawal fees. When looking at Bitcoin, their withdrawal fee is 0.0005 BTC compared to the industry average of 0.000075 BTC. So YoBit.Net has a fee that is above the industry average by 566.67%.

Security - Is YoBit.Net Safe?

Security is paramount in the operations of YoBit. The platform employs meticulous security measures to thwart unauthorized access and protect users’ assets.

This includes advanced technology to avert attacks and diligent adherence to regulatory standards in its offshore jurisdiction, establishing it as a custodian of trust in a volatile market.

YoBit’s stance on security is uncompromising, implementing a layered defence strategy to safeguard the platform and its users. By utilising a combination of cutting-edge security protocols and proactive monitoring systems, YoBit aims to create a fortress-like environment.

The safety of user funds is a top priority, with stringent authentication protocols for users in place to prevent unauthorised access to accounts. Moreover, robust security measures are continuously updated to stay ahead of potential cyber threats.

YoBit.Net Customer Support

Customer support is an essential aspect of YoBit’s service offering. The exchange is dedicated to providing prompt and helpful assistance to users for any queries or issues they might encounter.

This reflects YoBit’s commitment to fostering a supportive environment for its users.

YoBit is mindful of the critical role customer support plays in user satisfaction and platform reliability. The exchange provides a support system aimed at resolving user inquiries promptly and accurately, with a focus on creating a hassle-free experience.

Recognising that timely support is crucial, YoBit seeks to maintain a helpful and responsive customer service team, ensuring that users have access to the assistance they need, whenever they may need it.

YoBit.Net support

YoBit.Net Support Channels

  • Facebook
  • Twitter
  • Instagram
  • Live Chat
  • Help Center Articles
  • Support Ticket

How to Sign Up on YoBit.Net

  1. Create Account - Visit the YoBit.Net website and fill out the create account form. You'll need to include a valid email, set your password and type in other details like your phone number and name.
  2. Verify Account - Confirm your email, you should get an email asking you to verify your account creation.
  3. Transferring Funds - Once your account has been verified, you'll be able to deposit using the deposit methods listed below.
  4. Start Trading Crypto - That's it! You should now have everything in place to start trading.

Deposit Methods

  • Bank Transfer
  • Debit Card
  • Credit Card
  • Cryptocurrency
  • Paypal
  • Apple Pay
  • Google Pay
  • QIWI
  • PerfectMoney
  • Payeer
  • AdvCash
  • Capitalist

YoBit.Net Alternatives

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Crypto Head Rating
Our review is based on the spot trading platform. Please check our methodology on how we rate exchanges for further information.

Total Supported Cryptocurrencies
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Fiat Currencies Supported
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Crypto Head Rating
Our review is based on the spot trading platform. Please check our methodology on how we rate exchanges for further information.

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Fiat Currencies Supported
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Crypto Head Rating
Our review is based on the spot trading platform. Please check our methodology on how we rate exchanges for further information.

Total Supported Cryptocurrencies
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Trading Fees
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Fiat Currencies Supported
USD, AUD, GBP, CAD, EUR, NZD + 85 others

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Final Thoughts

YoBit presents itself as a robust platform for those seeking to dive into the cryptocurrency market. Its commitment to providing diverse trading pairs and maintaining a solid user interface makes it a noteworthy contender in the crypto space.

YoBit.Net User Reviews

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Methodology

At Crypto Head we use a rigorous research and rating process to assess each platform. Our star rating system is out of 5 stars and is designed to condense a large amount of information into an easy-to-understand format. You can read our full methodology and rating system for more details.

About The Authors

James Headshot
Written by

Crypto Technical Writer

James Page, previously the lead writer at Crypto Head and a registered psychologist, brings a unique perspective to the world of blockchain and cryptocurrency.

His extensive experience in the industry and ability to present complex concepts in an understandable manner make his articles a valuable resource for readers seeking to navigate the ever-evolving crypto landscape.

Check James out on:
Adam Headshot
Edited by

Co-Founder / Managing Editor

Adam Morris, the co-founder of Crypto Head and a respected crypto expert, offers insightful commentary and analysis on cryptocurrency, NFTs, and the evolving digital landscape.

His extensive experience and features in top-tier publications like Forbes and CNN underscore his deep understanding of the crypto world and its future potential.

Check Adam out on: