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Author Topic: Yobit: liquidity problem  (Read 1039 times)

MrSpasybo

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Yobit: liquidity problem
« on: April 29, 2021, 03:21:39 AM »
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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Altcoins Talks - Cryptocurrency Forum

Yobit: liquidity problem
« on: April 29, 2021, 03:21:39 AM »


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Re: Yobit: liquidity problem
« Reply #1 on: February 23, 2022, 04:33:21 PM »
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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Re: Yobit: liquidity problem
« Reply #1 on: February 23, 2022, 04:33:21 PM »
:)

KryptoBull

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Re: Yobit: liquidity problem
« Reply #2 on: June 12, 2022, 06:56:59 PM »
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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..YOU GOT RUGGED..
..BY A SCUMBAG?....
?..NOW GET YOUR..
..SCAM BACK!....
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Yana Kll

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Re: Yobit: liquidity problem
« Reply #3 on: September 08, 2022, 04:14:08 PM »
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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