The exchange charges different deposit and withdrawal fees, depending on your prefered payment method.
YoBit also charges comission fees for trading and dependent on the cryptocurrency, but not higher than 0.2% of the transaction amount.
YoBit is a Russian exchange, which enables customers to deposit and withdraw in US dollars and Russian Ruble (RUR). The exchange is especially interested because of an impressive range of cryptocurrencies and tokens listed. Due to ongoing investigations of Russian authorities, the community trust is low.
- impressive range of available cryptocurrencies and tokens listed
- use of cold storage security architecture
- possibility to chat with other users
- confusing trading interface, especially recommended for advanced users
- many user complains about frozen accounts, lost funds or bad customer service
- customer service only via online ticket system
- ongoing investigations of the Russian authorities