What will Yobit's future look like?

[MrSpasybo]

Currently, many crypto exchanges have limited or stoped services for users in Russia. For example, Binance canceled deposits and withdrawals of RUB, OKX does not support visits from Russia... I thought that the famous Russian exchange Yobit would regain market share but everything did not show what I thought is the truth.

Currently Yobit does not have proof of reserves like many crypto exchanges, trading volume is also less than $100M per day - really very small. Additionally, the largest trading pairs involving ZEC and DASH are anonymous coins.

I am really concerned about Yobit's future when it cannot convince domestic users in Russia with poor service, few trading pairs and not being strongly promoted.

Are you using Yobit? Will you continue to trust Yobit and be satisfied with all of Yobit's services?

[Wiseman]

Currently, many crypto exchanges have limited or stoped services for users in Russia. For example, Binance canceled deposits and withdrawals of RUB, OKX does not support visits from Russia... I thought that the famous Russian exchange Yobit would regain market share but everything did not show what I thought is the truth.

Currently Yobit does not have proof of reserves like many crypto exchanges, trading volume is also less than $100M per day - really very small. Additionally, the largest trading pairs involving ZEC and DASH are anonymous coins.

I am really concerned about Yobit's future when it cannot convince domestic users in Russia with poor service, few trading pairs and not being strongly promoted.

Are you using Yobit? Will you continue to trust Yobit and be satisfied with all of Yobit's services?

Yes, you are right, the trading volumes there are just terrible, I have assets there and I tried for 2 days to buy TRX tokens for only 500USDT and I had to change USDT to BTC to fully buy the amount of TRX I want, it's very sad that there are no volumes there, they appear there only when the exchange is doing something, but recently it does not keep its words and admins can not be trusted, all launching projects for the last couple of years were just abandoned and forgotten.

[MrSpasybo]

Yes, you are right, the trading volumes there are just terrible, I have assets there and I tried for 2 days to buy TRX tokens for only 500USDT and I had to change USDT to BTC to fully buy the amount of TRX I want, it's very sad that there are no volumes there, they appear there only when the exchange is doing something, but recently it does not keep its words and admins can not be trusted, all launching projects for the last couple of years were just abandoned and forgotten.

I had so many problems with Yobit, and I finally moved my assets from Yobit, what about you?
I know you are investing and participating in Yobit monetization programs, do you think they will continue to exist and generate long-term profits for investors?

[Freemind]

The future of Yobit will be the one that Yobit has been forging all these years, and personally it has never seemed like a promising future to me. I don't think OKX and Binance's limitations towards Russian customers will favor Yobit much, as Russian users are very familiar with that exchange. What could benefit Yobit is better customer service, proof of transparency with a reserve of funds in case of disaster, and generally making the exchange easier to use for novice users. Not serving a customer quickly is one of the worst things for a company and its reputation.

[Wiseman]

Yes, you are right, the trading volumes there are just terrible, I have assets there and I tried for 2 days to buy TRX tokens for only 500USDT and I had to change USDT to BTC to fully buy the amount of TRX I want, it's very sad that there are no volumes there, they appear there only when the exchange is doing something, but recently it does not keep its words and admins can not be trusted, all launching projects for the last couple of years were just abandoned and forgotten.

I had so many problems with Yobit, and I finally moved my assets from Yobit, what about you?
I know you are investing and participating in Yobit monetization programs, do you think they will continue to exist and generate long-term profits for investors?

I do not trust anyone, including the exchange Yobit )) at the moment and earlier this exchange gave to earn money, if there will be problems with it, I will leave it, there are no problems and I will still be on this exchange, but I will note that this is not the only exchange on which I am, I am always in search of income.

[Wiseman]

The future of Yobit will be the one that Yobit has been forging all these years, and personally it has never seemed like a promising future to me. I don't think OKX and Binance's limitations towards Russian customers will favor Yobit much, as Russian users are very familiar with that exchange. What could benefit Yobit is better customer service, proof of transparency with a reserve of funds in case of disaster, and generally making the exchange easier to use for novice users. Not serving a customer quickly is one of the worst things for a company and its reputation.

This exchange is not for traders, although I write here as if I support the Yobit exchange, but this is not entirely true, I want to convey that you can earn money on it, on the contrary, without being a trader and this is one of the strongest sides of this exchange, I would consider others exchanges with approximate functionality, but I don’t know any.

[dwyane36]

This exchange is not for traders, although I write here as if I support the Yobit exchange, but this is not entirely true, I want to convey that you can earn money on it, on the contrary, without being a trader and this is one of the strongest sides of this exchange, I would consider others exchanges with approximate functionality, but I don’t know any.

Are there many ways for users to earn something on the yobit exchange? I doubt it.
Of course, the yobit exchange sometimes held "airdrops" and other events where users could earn a couple hundred dollars. Correct me if I'm wrong, but yobit is in a lull in this regard now, as such activity has become quite rare.

[Wiseman]

This exchange is not for traders, although I write here as if I support the Yobit exchange, but this is not entirely true, I want to convey that you can earn money on it, on the contrary, without being a trader and this is one of the strongest sides of this exchange, I would consider others exchanges with approximate functionality, but I don’t know any.

Are there many ways for users to earn something on the yobit exchange? I doubt it.
Of course, the yobit exchange sometimes held "airdrops" and other events where users could earn a couple hundred dollars. Correct me if I'm wrong, but yobit is in a lull in this regard now, as such activity has become quite rare.

In one of the threads of this forum I recently threw an example of how I earn there, it's not airdrop for 100 bucks)) I have already earned a few thousand there so to speak on the passive and such projects there all the time, so you just need to get into this exchange and then you will realize that you can earn not only on trading.

[Freemind]

I have nothing against Yobit, but it has always seemed like a very strange exchange to me. In addition to the terrible customer service they have (I experienced this many years ago) they have always acted on the “other side” of many things. My surprise was big in early 2016 when Yobit launched Lisk IOU tokens, causing many investors to get scared and ultimately not invest. It was also something that bothered the project owners and made them lose a percentage of the investment as expected. They could have solved this before simply by notifying those responsible for the project, but Yobit did nothing of that.

[MrSpasybo]

I have nothing against Yobit, but it has always seemed like a very strange exchange to me. In addition to the terrible customer service they have (I experienced this many years ago) they have always acted on the “other side” of many things. My surprise was big in early 2016 when Yobit launched Lisk IOU tokens, causing many investors to get scared and ultimately not invest. It was also something that bothered the project owners and made them lose a percentage of the investment as expected. They could have solved this before simply by notifying those responsible for the project, but Yobit did nothing of that.

I think Yobit should create an account on AltcoinsTalks and read community opinions carefully and come up with solutions to improve user experience and change marketing methods. At least that helps Yobit retain users and have more ideas for future development to compete for market share with other CEXs in the market.
The crypto market has gotten bigger, and the competition has gotten tougher, even Binance has lost market share to OKX, Bybit, Bitget... If Yobit doesn't act now, they may disappear from user's attention 😂

[Freemind]

I think Yobit should create an account on AltcoinsTalks and read community opinions carefully and come up with solutions to improve user experience and change marketing methods. At least that helps Yobit retain users and have more ideas for future development to compete for market share with other CEXs in the market.
The crypto market has gotten bigger, and the competition has gotten tougher, even Binance has lost market share to OKX, Bybit, Bitget... If Yobit doesn't act now, they may disappear from user's attention 😂

It would be great if Yobit created an account on this forum to interact with users, but I'm going to tell you something you don't know... Yobit has no interest in interacting with users, and unfortunately from my experience I think they don't care about their users either. There were many users who for years (if I remember correctly, I used Yobit for two years) wrote emails daily to ask questions and get customer support, but no one responded. There was only one moderator in the chat (until it was closed) who banned users who complained about terrible customer service.

[Wiseman]

I think Yobit should create an account on AltcoinsTalks and read community opinions carefully and come up with solutions to improve user experience and change marketing methods. 😂

Yobit exchange has its own crypto forum ))) I am on that forum and for some time I wrote there a lot and believe me, they wrote a lot about all the shortcomings of that exchange, I think they know everything, even know more than anyone else))))))

[Freemind]

Yobit exchange has its own crypto forum ))) I am on that forum and for some time I wrote there a lot and believe me, they wrote a lot about all the shortcomings of that exchange, I think they know everything, even know more than anyone else))))))

How long has the Yobit forum been running? Because I don't remember from 2014 to 2016, that was the period of time I used that exchange. Anyway, if things have changed and users now have the customer service they deserve, I'm happy for them. I wish it had been like this from the beginning, I'm sure they would have kept many users, including me.

[Wiseman]

Yobit exchange has its own crypto forum ))) I am on that forum and for some time I wrote there a lot and believe me, they wrote a lot about all the shortcomings of that exchange, I think they know everything, even know more than anyone else))))))

How long has the Yobit forum been running? Because I don't remember from 2014 to 2016, that was the period of time I used that exchange. Anyway, if things have changed and users now have the customer service they deserve, I'm happy for them. I wish it had been like this from the beginning, I'm sure they would have kept many users, including me.

I'm talking about the forum no other CT, he created about 2-3 years ago. there still paid for posts tokens exchange Yobit, they still pay now, but this token is now worthless, on the quality of support I think it did not affect the quality of support, it is still very bad )

[Freemind]

I'm talking about the forum no other CT, he created about 2-3 years ago. there still paid for posts tokens exchange Yobit, they still pay now, but this token is now worthless, on the quality of support I think it did not affect the quality of support, it is still very bad )

Oh okay, for a moment I thought that Yobit had changed and could be a site where users were not abandoned . In fact, I went to the Yobit website looking for the forum and I thought it must be hidden since I couldn't find it.

As you said in one of your posts, Yobit is not for traders, I would say at least for "traditional" traders. But at the end of the day, each user uses the services they like.