Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Crypto Exchanges => Yobit => Topic started by: MrSpasybo on April 29, 2021, 03:21:39 AM
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I joined and used Yobit since 2017, but until today I have had problems with this exchange.
In the past, I used to use TALK & sts to invest in some potential altcoins such as TOMO, WAVES, XEM ... and the average price strategy is very well applied: I use TALK & sts to buy altcoins for small quantity every day, only a few cents in TALK or 5-10 USD in sts. However, when I want to trade a bit larger volume, about tens of USD, I have problems with Yobit's liquidity.
In addition to trading pairs with a volume of more than 1 BTC per day, most other trading pairs have a trading volume of just 0.1 BTC or only 5000 USD per day, which seriously affects liquidity when the buyer can't buy token at market price.
I used ETH to buy TOMO and coincidentally in the last order pushed the price of TOMO to 600% on Yobit. I don't really care about the crypto assets on Yobit, but I think the seller will be surprised when he meets a buyer who is thirsty for tokens ^^
High liquidity is an important feature of all exchanges, if Yobit have no strategy to get more users, list more tokens, have lower transaction fees, it is very difficult to develop and to expand the popularity of Yobit in crypto world. Currently, most traders know Coinbase, Binance, Huobi, Kraken, Latoken, Probit, KuCoin..., very few people know about Yobit - a reputable and long-standing exchange.
What do you think about the liquidity problem on Yobit? Have you ever encountered this problem when trading on Yobit yet? What solution do you think would be the best for Yobit to increase liquidity?
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The token you have mentioned all is shit except waves . Even those coin is not listed on other exchange and has no real use case . In fact , some time people buy it just for the investbox system on yobit exchange . They buy the coin and put them on investbox to get a interest on daily basis . But a thing is clear that yobit scam users in this way .
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I don't think Yobit is a scam CEX, it just has problems with the number of users and liquidity. Market Maker also does not choose Yobit to pump or dump, so it is difficult for us to sell altcoins at market prices. Maybe only BTC & ETH have good enough liquidity.
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The problem of liquidity often arises in various areas. The question of how to calculate marketplace liquidity often arises. I would like to note that any liquidity is controlled by the observance of coefficients, it is these indicators that should be oriented.
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Yobit is the only exchange where liquidity is available only on popular coins and on those that are promoted by the exchange itself, more precisely on those that may be in the (investment box), the Yobit exchange should be approached not like an ordinary trader drawing charts)) this exchange is about something else , here they make money for the most part on all sorts of schemes in the (investment box) and adding liquidity and not on standard trading.
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Yobit is the only exchange where liquidity is available only on popular coins and on those that are promoted by the exchange itself, more precisely on those that may be in the (investment box), the Yobit exchange should be approached not like an ordinary trader drawing charts)) this exchange is about something else , here they make money for the most part on all sorts of schemes in the (investment box) and adding liquidity and not on standard trading.
Yobit needs to do something really impressive to attract users, thereby increasing liquidity for trading pairs. Thanks to that, projects will want to list their token on Yobit and indirectly promote Yobit. It would be useless to list a token on Yobit that has no liquidity, no users, and no effect in promoting the growth of project.
Yobit's plans in recent years such as Investment Box, Mining... have not proved effective and Yobit is almost unknown in the CEX market @@
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Yobit needs to do something really impressive to attract users, thereby increasing liquidity for trading pairs. Thanks to that, projects will want to list their token on Yobit and indirectly promote Yobit. It would be useless to list a token on Yobit that has no liquidity, no users, and no effect in promoting the growth of project.
Yobit's plans in recent years such as Investment Box, Mining... have not proved effective and Yobit is almost unknown in the CEX market @@
Yobit is an ordinary scam. It is unbelievable to me that they have been operating for years while offering very risky and scam services. They are called Investbox, fake mining or once a week they launch a new IEO, which has absolutely no background, no contract or blockchain.
Yet somehow they resist and are still not the target of any investigation. Some much more honest and stable exchanges have gone out of business due to pressure, but this is not happening to Yobit.
As users, we must ignore such services and not make their business as difficult as we can.
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Yobit is the only exchange where liquidity is available only on popular coins and on those that are promoted by the exchange itself, more precisely on those that may be in the (investment box), the Yobit exchange should be approached not like an ordinary trader drawing charts)) this exchange is about something else , here they make money for the most part on all sorts of schemes in the (investment box) and adding liquidity and not on standard trading.
Yobit needs to do something really impressive to attract users, thereby increasing liquidity for trading pairs. Thanks to that, projects will want to list their token on Yobit and indirectly promote Yobit. It would be useless to list a token on Yobit that has no liquidity, no users, and no effect in promoting the growth of project.
Yobit's plans in recent years such as Investment Box, Mining... have not proved effective and Yobit is almost unknown in the CEX market @@
You may be right in that they did not rise in the graph in terms of popularity in terms of volume among others, but it brought me very good money and I earn it there every month and I am grateful to them that they give us such an opportunity.
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You may be right in that they did not rise in the graph in terms of popularity in terms of volume among others, but it brought me very good money and I earn it there every month and I am grateful to them that they give us such an opportunity.
Today I tried Yobit Defi, my order was processed immediately because pool was operated automatically, but price was not good and there are too few tokens that could be traded in Defi. When other exchanges continuously introduce upgrade, promotion, and listing plans, Yobit rarely introduces marketing events. I just checked and saw Yobit's BTC withdraw fee is 0.0012 BTC > $50, I couldn't believe my eyes. Increasingly, there is less and less reason for me to continue using Yobit.
How do you profit on Yobit? Please share for everyone's reference, perhaps we have missed something important on Yobit.
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I just checked and saw Yobit's BTC withdraw fee is 0.0012 BTC > $50, I couldn't believe my eyes. Increasingly, there is less and less reason for me to continue using Yobit.
Old well-known rubbish, Yobit.
The high fee is actually imposed to discourage users from withdrawing bitcoins from there. I'm even wondering how many real coins there are on that platform, or if everything is falsely presented.
If you already want to withdraw and you should think about it funds from there, I advise you to first research which coin/token is even possible to withdraw from there. For example, I think the DOGE coin wallet has been in maintenance mode for a long time.
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Old well-known rubbish, Yobit.
The high fee is actually imposed to discourage users from withdrawing bitcoins from there. I'm even wondering how many real coins there are on that platform, or if everything is falsely presented.
If you already want to withdraw and you should think about it funds from there, I advise you to first research which coin/token is even possible to withdraw from there. For example, I think the DOGE coin wallet has been in maintenance mode for a long time.
I had to check a few tokens and finally decided to withdraw in DOGE. Withdrawal fee for DOGE from Yobit is 30 DOGE ~ $2.4, cheaper than 5 USDT = $5 or 0.1 BNB = $30. TRX is also a good suggestion because TRX withdrawal fee is only 10 TRX ~ $1. I strongly recommend everyone to withdraw funds as TRX to save frees.
Another big problem is Yobit responds very slowly to each of my interactions. My patience has been well tested at Yobit :)
Yobit does not have Proof of Reserves, so we cannot know the exact status of Yobit storing users' crypto assets. Hope everything will be OK!
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You may be right in that they did not rise in the graph in terms of popularity in terms of volume among others, but it brought me very good money and I earn it there every month and I am grateful to them that they give us such an opportunity.
Today I tried Yobit Defi, my order was processed immediately because pool was operated automatically, but price was not good and there are too few tokens that could be traded in Defi. When other exchanges continuously introduce upgrade, promotion, and listing plans, Yobit rarely introduces marketing events. I just checked and saw Yobit's BTC withdraw fee is 0.0012 BTC > $50, I couldn't believe my eyes. Increasingly, there is less and less reason for me to continue using Yobit.
How do you profit on Yobit? Please share for everyone's reference, perhaps we have missed something important on Yobit.
i use to participate on their ICO there, shitcoins that are pumped like the Putin coin, it doesn't need a huge capital to participate so its just kind of a gamble. not sure if they still have the rise only market (ROM) but it must have been a big profit if you could wait for a long time.
the one that i couldn't forget using yobit is their giveaways, they were distributing DOGE giveaway before it was shilled by Elon. they are still doing airdrops even today, i received a message from telegram if i was interested to the airdrop, i saw the message too late though.
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i use to participate on their ICO there, shitcoins that are pumped like the Putin coin, it doesn't need a huge capital to participate so its just kind of a gamble. not sure if they still have the rise only market (ROM) but it must have been a big profit if you could wait for a long time.
the one that i couldn't forget using yobit is their giveaways, they were distributing DOGE giveaway before it was shilled by Elon. they are still doing airdrops even today, i received a message from telegram if i was interested to the airdrop, i saw the message too late though.
I also knew Yobit from their interesting Airdrops. DOGE is an exception when it got Elon shill in 2021, other tokens only cost a few cents, not enough to make any transactions.
Yobit really needs to do more to reach users and regain its high position in the crypto market. First of all, they need to change the interface and improve UI/UX so that users feel comfortable when using their web application.
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i use to participate on their ICO there, shitcoins that are pumped like the Putin coin, it doesn't need a huge capital to participate so its just kind of a gamble. not sure if they still have the rise only market (ROM) but it must have been a big profit if you could wait for a long time.
the one that i couldn't forget using yobit is their giveaways, they were distributing DOGE giveaway before it was shilled by Elon. they are still doing airdrops even today, i received a message from telegram if i was interested to the airdrop, i saw the message too late though.
I also knew Yobit from their interesting Airdrops. DOGE is an exception when it got Elon shill in 2021, other tokens only cost a few cents, not enough to make any transactions.
Yobit really needs to do more to reach users and regain its high position in the crypto market. First of all, they need to change the interface and improve UI/UX so that users feel comfortable when using their web application.
Yobit use to promote in bitcointalk with their signature campaign. they do have a system where anyone can join and get paid automatically with their system. they however have failed to solve issues and being labeled as scam by users in the forum. most probably because of the pump and dump co0ins they have and the wallets that are under maintenance for years.
changing the UI will just make the old users lost. they are known for that color and interface. its like their brand.
this exchange is got to be the oldest by far that i have tried and the rest that come out along with yobit died already such as cryptopia, bittrex, cryptsy, yobit stays strong and they even have the segwit wallet.
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I had to check a few tokens and finally decided to withdraw in DOGE. Withdrawal fee for DOGE from Yobit is 30 DOGE ~ $2.4, cheaper than 5 USDT = $5 or 0.1 BNB = $30. TRX is also a good suggestion because TRX withdrawal fee is only 10 TRX ~ $1. I strongly recommend everyone to withdraw funds as TRX to save frees.
Another big problem is Yobit responds very slowly to each of my interactions. My patience has been well tested at Yobit :)
Yobit does not have Proof of Reserves, so we cannot know the exact status of Yobit storing users' crypto assets. Hope everything will be OK!
The problem is that the Yobit team never bothered to update the withdrawal fee constantly. So, some withdrawal fees now look pretty inadequate because of this.
However, some coins still have a withdrawal fee even less than the TRX withdrawal fee. For example, the WAVES withdrawal fee is only 0.002 WAVES ($0.005), and the ZEC withdrawal fee is 0.03 ZEC ($0.71).
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You may be right in that they did not rise in the graph in terms of popularity in terms of volume among others, but it brought me very good money and I earn it there every month and I am grateful to them that they give us such an opportunity.
How do you profit on Yobit? Please share for everyone's reference, perhaps we have missed something important on Yobit.
Let me put it simply, this exchange is not for everyone and not for standard earnings, Yobit is very good at raising money on their projects that are naturally not backed up by anything, but these are ordinary shieldcoins that are pumped up in price, but the exchange can support them even for years, for example, I’m a year and a half a year ago I bought sneakers there for $5,000, paid for them in 1 month and after that I have been receiving income from them for a year and a half, there are many such examples, with this example I will attach a screenshot of my account so that everyone understands that I did not come up with it and that I am ready to invest in Yobit thousands of dollars, as I have been doing for 7 years
(https://skrinshoter.ru/s/130124/kGobxtqV.jpg?download=1&name=%D0%A1%D0%BA%D1%80%D0%B8%D0%BD%D1%88%D0%BE%D1%82-13-01-2024%2014:32:45.jpg)
(https://skrinshoter.ru/s/130124/cBQMnNKC.jpg?download=1&name=%D0%A1%D0%BA%D1%80%D0%B8%D0%BD%D1%88%D0%BE%D1%82-13-01-2024%2014:34:03.jpg)
I do not rule out the fact that this is always a small risk, but all cryptocurrency and especially trading on exchanges are also risks and for an ordinary person this risk is completely unacceptable since he will consider it unjustified, but we cryptans are already accustomed to this)) and that’s the only way we can earn 8)
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^ cool you still keep earning, and you got back your capital already. how long do you think it will keep going? it looks like the model is not going to live for a long time.
I had to check a few tokens and finally decided to withdraw in DOGE. Withdrawal fee for DOGE from Yobit is 30 DOGE ~ $2.4, cheaper than 5 USDT = $5 or 0.1 BNB = $30. TRX is also a good suggestion because TRX withdrawal fee is only 10 TRX ~ $1. I strongly recommend everyone to withdraw funds as TRX to save frees.
Another big problem is Yobit responds very slowly to each of my interactions. My patience has been well tested at Yobit :)
Yobit does not have Proof of Reserves, so we cannot know the exact status of Yobit storing users' crypto assets. Hope everything will be OK!
The problem is that the Yobit team never bothered to update the withdrawal fee constantly. So, some withdrawal fees now look pretty inadequate because of this.
However, some coins still have a withdrawal fee even less than the TRX withdrawal fee. For example, the WAVES withdrawal fee is only 0.002 WAVES ($0.005), and the ZEC withdrawal fee is 0.03 ZEC ($0.71).
so they still update the fee of some coins but not BTC. i can understand WAVES since the developer is their own Sasha. but last time i used them the BUSD withdrawal is still $0.50 still cheap to me.
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so they still update the fee of some coins but not BTC. i can understand WAVES since the developer is their own Sasha. but last time i used them the BUSD withdrawal is still $0.50 still cheap to me.
As you may know, Paxos stopped minting new BUSD last year, and Binance stopped supporting this product on December 15. As a result, BUSD was delisted from many centralized exchanges, including Yobit. If you go to the Yobit website now, you won't find this token in the wallets tab, as well as you won't find any trading pair with BUSD in the market tab. So, the BUSD withdrawal fee of $0.5 is not relevant now.
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^ cool you still keep earning, and you got back your capital already. how long do you think it will keep going? it looks like the model is not going to live for a long time.
I'm not calling to buy these sneakers now, I just showed that you can earn there and initially you need to get your money back and then make a profit, I think that for them these sneakers is a kind of chip that you can brag about and most likely they will support them for some time, how long I can not know, while I give them to take).
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Yobit use to promote in bitcointalk with their signature campaign. they do have a system where anyone can join and get paid automatically with their system. they however have failed to solve issues and being labeled as scam by users in the forum. most probably because of the pump and dump co0ins they have and the wallets that are under maintenance for years.
changing the UI will just make the old users lost. they are known for that color and interface. its like their brand.
this exchange is got to be the oldest by far that i have tried and the rest that come out along with yobit died already such as cryptopia, bittrex, cryptsy, yobit stays strong and they even have the segwit wallet.
I was very surprised that Yobit was very generous when advertising on Bitcointalk, they also linked up with no other CT and developed a separate reward token called TALK but it was not really effective because the TALK token did not have any use value.
Yobit should use the money more efficiently, at least improving UI/UX, or at least making things faster and smoother. I don't think old users like the slowness.
The problem is that the Yobit team never bothered to update the withdrawal fee constantly. So, some withdrawal fees now look pretty inadequate because of this.
However, some coins still have a withdrawal fee even less than the TRX withdrawal fee. For example, the WAVES withdrawal fee is only 0.002 WAVES ($0.005), and the ZEC withdrawal fee is 0.03 ZEC ($0.71).
Thank you very much, I didn't know about this, I was completely disappointed that Yobit doesn't regularly update withdraw fees to make it easy for users to track, or at least I tried looking but only found out-dated fees.
Right now, I follow Yobit withdraw fees here: https://coinmarketfees.com/exchange/yobit
Let me put it simply, this exchange is not for everyone and not for standard earnings, Yobit is very good at raising money on their projects that are naturally not backed up by anything, but these are ordinary shieldcoins that are pumped up in price, but the exchange can support them even for years, for example, I’m a year and a half a year ago I bought sneakers there for $5,000, paid for them in 1 month and after that I have been receiving income from them for a year and a half, there are many such examples, with this example I will attach a screenshot of my account so that everyone understands that I did not come up with it and that I am ready to invest in Yobit thousands of dollars, as I have been doing for 7 years
Honestly, I don't understand Yobit's business model, and I don't trust its sustainability. Sorry this is just my personal and subjective feeling. I hope you will continue to earn money from Yobit's programs.
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Actually Yobit exchanger is good exchanger. I am trading on Yobit since 2016. And i saw this exchanger is good. No any unusual coincidence or activities found here. I think good time and bad time too nearest for any 3. We know that Youbit faching some crisis. Now Youbit Liquidity is bery low i also think this problem will be solved within short time. Few years ago Yobit exchanger was famous exchanger. I think it will get back it’s reputation Again.
In the year of 2019 i attended in a Airdrop and i were win and i get huge money. I think in future Yobit will overcome this crisis and will more popular.
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Let me put it simply, this exchange is not for everyone and not for standard earnings, Yobit is very good at raising money on their projects that are naturally not backed up by anything, but these are ordinary shieldcoins that are pumped up in price, but the exchange can support them even for years, for example, I’m a year and a half a year ago I bought sneakers there for $5,000, paid for them in 1 month and after that I have been receiving income from them for a year and a half, there are many such examples, with this example I will attach a screenshot of my account so that everyone understands that I did not come up with it and that I am ready to invest in Yobit thousands of dollars, as I have been doing for 7 years
Honestly, I don't understand Yobit's business model, and I don't trust its sustainability. Sorry this is just my personal and subjective feeling. I hope you will continue to earn money from Yobit's programs.
Nothing surprising, this model is not understood by many))) this is because it is made for those who do not understand the usual trading, I understand but I also understand how everything works there, Yobit is engaged in attracting and earning mainly on the principle of airdrop, they can not compete with the big exchanges so they took this position.
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Thank you very much, I didn't know about this, I was completely disappointed that Yobit doesn't regularly update withdraw fees to make it easy for users to track, or at least I tried looking but only found out-dated fees.
Right now, I follow Yobit withdraw fees here: https://coinmarketfees.com/exchange/yobit
This site looks good for finding the minimum withdrawal fee for a particular coin and comparing it with other exchanges. However, I noticed that there are some small inaccuracies. For example, this site indicates that the LTC withdrawal fee on the Yobit exchange is 0.002 LTC, but it is not so. In fact, the LTC withdrawal fee on the Yobit exchange is 0.02 LTC, i.e. 10 times more.
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This site looks good for finding the minimum withdrawal fee for a particular coin and comparing it with other exchanges. However, I noticed that there are some small inaccuracies. For example, this site indicates that the LTC withdrawal fee on the Yobit exchange is 0.002 LTC, but it is not so. In fact, the LTC withdrawal fee on the Yobit exchange is 0.02 LTC, i.e. 10 times more.
This was at the time when you wrote (the commission for withdrawal of LTC is 0.02 LTC), they can change the commission, this is a way of holding some coins, they do this several times a year and this of course infuriates many)) but if you use ingenuity then You can always find a way to withdraw funds in another currency or cryptocurrency, for example, several times a year they make free withdrawals to the Peer wallet in fiat currency rubles, you just need to think a little and you can always withdraw at a more favorable rate, I always withdraw using almost calculation algorithms to also make money on it)))
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This site looks good for finding the minimum withdrawal fee for a particular coin and comparing it with other exchanges. However, I noticed that there are some small inaccuracies. For example, this site indicates that the LTC withdrawal fee on the Yobit exchange is 0.002 LTC, but it is not so. In fact, the LTC withdrawal fee on the Yobit exchange is 0.02 LTC, i.e. 10 times more.
Maybe the data on the websites is outdated, Yobit changes withdraw fees too often, which will make users confused, even angry. I think Yobit want to prevent users from withdrawing money from Yobit exchange to continue collecting transaction fees.
You can always find a way to withdraw funds in another currency or cryptocurrency, for example, several times a year they make free withdrawals to the Peer wallet in fiat currency rubles, you just need to think a little and you can always withdraw at a more favorable rate, I always withdraw using almost calculation algorithms to also make money on it)))
I have never tried this feature, there are many interesting things about Yobit that I learned from you.
If you have free time, please write more topics about making money and tips on Yobit for AltcoinsTalks community to refer to.
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You can always find a way to withdraw funds in another currency or cryptocurrency, for example, several times a year they make free withdrawals to the Peer wallet in fiat currency rubles, you just need to think a little and you can always withdraw at a more favorable rate, I always withdraw using almost calculation algorithms to also make money on it)))
I have never tried this feature, there are many interesting things about Yobit that I learned from you.
If you have free time, please write more topics about making money and tips on Yobit for AltcoinsTalks community to refer to.
It's like talking about bundles for arbitrage, today one works and tomorrow not, on YoBit often happens that the price is very different from other exchanges and I use it when I need to withdraw money in fiat, I do not try to accumulate a lot of money in one place and so once a month withdraw profits and what coin was a month ago more profitable to buy and sell with a profit in this may not make any difference.
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It's like talking about bundles for arbitrage, today one works and tomorrow not, on YoBit often happens that the price is very different from other exchanges and I use it when I need to withdraw money in fiat, I do not try to accumulate a lot of money in one place and so once a month withdraw profits and what coin was a month ago more profitable to buy and sell with a profit in this may not make any difference.
Yobit is both a CEX and a DEX, and has its own token, but that token is not listed anywhere and its price is not reduced in the trading pair with BTC 😆
Yobit is a very special exchange, there will be many interesting things that we need to pay attention to in the future. But at least I don't have too many assets left on Yobit, I think Binance or GateIO will be simpler and easier to use for me!
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It's like talking about bundles for arbitrage, today one works and tomorrow not, on YoBit often happens that the price is very different from other exchanges and I use it when I need to withdraw money in fiat, I do not try to accumulate a lot of money in one place and so once a month withdraw profits and what coin was a month ago more profitable to buy and sell with a profit in this may not make any difference.
Yobit is both a CEX and a DEX, and has its own token, but that token is not listed anywhere and its price is not reduced in the trading pair with BTC 😆
Yobit is a very special exchange, there will be many interesting things that we need to pay attention to in the future. But at least I don't have too many assets left on Yobit, I think Binance or GateIO will be simpler and easier to use for me!
I stopped trusting Binance, as funny as it may sound but I'd rather trust my money to Yobit, they have never restricted anyone, on GateIO I never traded at all, there were a couple of times that I sold some tokens there and that's it, I agree with you that you should trade on exchanges where there is liquidity but I am now a little bit away from frantic trading and prefer measured.
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I stopped trusting Binance, as funny as it may sound but I'd rather trust my money to Yobit, they have never restricted anyone, on GateIO I never traded at all, there were a couple of times that I sold some tokens there and that's it, I agree with you that you should trade on exchanges where there is liquidity but I am now a little bit away from frantic trading and prefer measured.
What makes you trust Yobit more than Binance and GateIO?
Do you have a sad story with Binance in the past? Or are you worried that your account will be frozen for no reason and without notice in the future?
In Vietnam, the majority of users started their crypto journey with Binance and have stayed with Binance until now. We are satisfied with the services, liquidity and support from Binance. Those are things I haven't found on Yobit until now 😭
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I stopped trusting Binance, as funny as it may sound but I'd rather trust my money to Yobit, they have never restricted anyone, on GateIO I never traded at all, there were a couple of times that I sold some tokens there and that's it, I agree with you that you should trade on exchanges where there is liquidity but I am now a little bit away from frantic trading and prefer measured.
What makes you trust Yobit more than Binance and GateIO?
Do you have a sad story with Binance in the past? Or are you worried that your account will be frozen for no reason and without notice in the future?
In Vietnam, the majority of users started their crypto journey with Binance and have stayed with Binance until now. We are satisfied with the services, liquidity and support from Binance. Those are things I haven't found on Yobit until now 😭
i think one of things that makes yobit worthy using is that even when they ask KYC, they don't enforce it to someone who doesn't want to unlike binance or any other exchange asking KYC documents despite how little your BTC in your account.
this is still one of the exchange that doesn't ask KYC. it still work like 10 years ago. although price is a little different, the exchange is the way it was and the trollbox is still there. ;D
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What makes you trust Yobit more than Binance and GateIO?
Do you have a sad story with Binance in the past? Or are you worried that your account will be frozen for no reason and without notice in the future?
In Vietnam, the majority of users started their crypto journey with Binance and have stayed with Binance until now. We are satisfied with the services, liquidity and support from Binance. Those are things I haven't found on Yobit until now 😭
I had dogecoin on Yobit before I just kept it there for a long period I just remember when the price of dogecoin suddenly skyrocketed and I tried to recover my Yobit account but after gaining access again to my account I noticed it was gone but I have different coins actually lots of shitcoins that I don't remember when and where did I get them.
So that's my bad experience on Yobit they replace my coins with shitcoins that don't have any value.
Take note it seems Dogecoin is trying to go to the moon.
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I stopped trusting Binance, as funny as it may sound but I'd rather trust my money to Yobit, they have never restricted anyone, on GateIO I never traded at all, there were a couple of times that I sold some tokens there and that's it, I agree with you that you should trade on exchanges where there is liquidity but I am now a little bit away from frantic trading and prefer measured.
What makes you trust Yobit more than Binance and GateIO?
Do you have a sad story with Binance in the past? Or are you worried that your account will be frozen for no reason and without notice in the future?
In Vietnam, the majority of users started their crypto journey with Binance and have stayed with Binance until now. We are satisfied with the services, liquidity and support from Binance. Those are things I haven't found on Yobit until now 😭
I do not call to trade on the exchange Yobit, I brought this exchange just as an example and it is not really convenient to trade there, I earn money there but I do not trade, I recently described it in a thread about the exchange Yobit, about the exchange Binance I will say this, I previously traded fixed assets only on it and I lived a couple of years ago in another country that Binance decided to ban and recently even banned trading on p2p, so I decided that if the exchange does so when it wants to, I will not support such an exchange.
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i think one of things that makes yobit worthy using is that even when they ask KYC, they don't enforce it to someone who doesn't want to unlike binance or any other exchange asking KYC documents despite how little your BTC in your account.
this is still one of the exchange that doesn't ask KYC. it still work like 10 years ago. although price is a little different, the exchange is the way it was and the trollbox is still there. ;D
The Yobit exchange has many disadvantages, but the absence of KYC is a huge advantage. It is only worth keeping in mind that if an exchange still doesn't require users to verify, it is either in a jurisdiction that still doesn't regulate cryptocurrencies in any way or the exchange somehow works illegally and avoids attention from the regulators. :-X
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I do not call to trade on the exchange Yobit, I brought this exchange just as an example and it is not really convenient to trade there, I earn money there but I do not trade, I recently described it in a thread about the exchange Yobit, about the exchange Binance I will say this, I previously traded fixed assets only on it and I lived a couple of years ago in another country that Binance decided to ban and recently even banned trading on p2p, so I decided that if the exchange does so when it wants to, I will not support such an exchange.
I understand why you don't like Binance, I think Binance also has reasons related to legal compliance to refuse to provide services to citizens in some countries. This also applies to many other CEXs that don't continue to serve investors in Russia after the Russia-Ukraine war broke out. I think it would be better if exchanges blocked trading rights but still allowed users to withdraw assets from the exchange.
The Yobit exchange has many disadvantages, but the absence of KYC is a huge advantage. It is only worth keeping in mind that if an exchange still doesn't require users to verify, it is either in a jurisdiction that still doesn't regulate cryptocurrencies in any way or the exchange somehow works illegally and avoids attention from the regulators. :-X
Yeah, this is considered one of the biggest advantages that I have chosen to use Yobit since 2017. Currently, for reasons of convenience and good liquidity, I have switched to using other CEXs with good liquidity, such as Binance, KuCoin and GateIO.
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I do not call to trade on the exchange Yobit, I brought this exchange just as an example and it is not really convenient to trade there, I earn money there but I do not trade, I recently described it in a thread about the exchange Yobit, about the exchange Binance I will say this, I previously traded fixed assets only on it and I lived a couple of years ago in another country that Binance decided to ban and recently even banned trading on p2p, so I decided that if the exchange does so when it wants to, I will not support such an exchange.
I understand why you don't like Binance, I think Binance also has reasons related to legal compliance to refuse to provide services to citizens in some countries. This also applies to many other CEXs that don't continue to serve investors in Russia after the Russia-Ukraine war broke out. I think it would be better if exchanges blocked trading rights but still allowed users to withdraw assets from the exchange.
I discovered for myself that if I can be prohibited from trading on national grounds, then this is not right, I do not support this war and I previously lived in Russia, but after the war began I left it because I do not support the Russian government, but in fact, someone still believes that such people should suffer somehow, I can say this, if I am a good person and someone does not understand this and confuses me with the masses and especially with the mass politics of that country, then for me this person or organization is like that like Binance they will be considered inadequate and it is better not to deal with inadequate people or companies.
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I discovered for myself that if I can be prohibited from trading on national grounds, then this is not right, I do not support this war and I previously lived in Russia, but after the war began I left it because I do not support the Russian government, but in fact, someone still believes that such people should suffer somehow, I can say this, if I am a good person and someone does not understand this and confuses me with the masses and especially with the mass politics of that country, then for me this person or organization is like that like Binance they will be considered inadequate and it is better not to deal with inadequate people or companies.
I think Binance also does not want to give up a potential market in Russia, but pressure from the majority of international users causes Binance to also act to support peace. The simplest way is to limit features and gradually ban users in Russia.
Binance said it was to avoid money laundering or funding the Russian military, but I think they just wanted to show that they did something to accompany peace-loving people.
A few exchanges are doing the same thing, and I'm also affected as a few accounts have been frozen even though I'm not a Russian citizen 😭
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I discovered for myself that if I can be prohibited from trading on national grounds, then this is not right, I do not support this war and I previously lived in Russia, but after the war began I left it because I do not support the Russian government, but in fact, someone still believes that such people should suffer somehow, I can say this, if I am a good person and someone does not understand this and confuses me with the masses and especially with the mass politics of that country, then for me this person or organization is like that like Binance they will be considered inadequate and it is better not to deal with inadequate people or companies.
I think Binance also does not want to give up a potential market in Russia, but pressure from the majority of international users causes Binance to also act to support peace. The simplest way is to limit features and gradually ban users in Russia.
Binance said it was to avoid money laundering or funding the Russian military, but I think they just wanted to show that they did something to accompany peace-loving people.
A few exchanges are doing the same thing, and I'm also affected as a few accounts have been frozen even though I'm not a Russian citizen 😭
So it's better to have liquidity problems like on Yobit ) than to have withdrawal problems in the future))). There are exchanges like Kukoin, Baybit, Huobi, they also have very good liquidity and I trade on some of them and I don't think that they can restrict me in any way.
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So it's better to have liquidity problems like on Yobit ) than to have withdrawal problems in the future))). There are exchanges like Kukoin, Baybit, Huobi, they also have very good liquidity and I trade on some of them and I don't think that they can restrict me in any way.
You're right, we should think about liquidity of exchange.
Exchange which you shared, I prefer used in Kucoin, binance And Huobi
They have good liquidity.
We should choose reputable exchange, don't use Yobit.
I never trade at there.
Especially, I personally prefer used in binance, good liquidity and high volume.
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So it's better to have liquidity problems like on Yobit ) than to have withdrawal problems in the future))). There are exchanges like Kukoin, Baybit, Huobi, they also have very good liquidity and I trade on some of them and I don't think that they can restrict me in any way.
You're right, we should think about liquidity of exchange.
Exchange which you shared, I prefer used in Kucoin, binance And Huobi
They have good liquidity.
We should choose reputable exchange, don't use Yobit.
I never trade at there.
Especially, I personally prefer used in binance, good liquidity and high volume.
I do not trade there too )))) I only earn money there, I trade on other exchanges where it is much more convenient and where there is trading through IP keys, I trade through a special program, to trade on Yobit through this program is unrealistic and therefore it is inconvenient for me to trade, also there is no normal liquidity.