YoBit Exchange Poor Support Services is very disgusting!

[ABCbits]

I wonder why is this exchange not dead already..
Their reported volume is clearly fake, they only deal with shitcoins and pump and dump schemes, unless it acts like a front for some money laundering or tax evasion scheme they could have already packed their bags and closed it down already, I doubt they make enough money from actual traders still operating there.

I wonder whether they manage to deceive certain gullible people into keep using their shitty exchange. After all, i just opened their website and greeted with this questionable or fake bonus. Their Invest Box is also instane where

[Findingnemo]

I wonder why is this exchange not dead already..
Their reported volume is clearly fake, they only deal with shitcoins and pump and dump schemes, unless it acts like a front for some money laundering or tax evasion scheme they could have already packed their bags and closed it down already, I doubt they make enough money from actual traders still operating there.

Those shitcoins are the reason why people still use it, their reported volumes were always fake but people have no other choice because there are some shitcoin which is not available any other market place so people are ready to buy and sell some even if their services are shitty. It's been almost 4 years since I used and the last time I used doesn't have great experience either.

[Freemind]

Yeah, but having made a ton of profit buy being an early adopter doesn't mean you need to keep running a business that doesn't bring you the same returns anymore and might actually be losing money. It's like the second mal in our city, 10 years ago it was the busiest place in town for 4-5 years, rents were through the roof, now that there are 4 more and the population has shifted towards the north it has been sold 3 times in two years.

I don't know the expenses that YoBit must have to have the exchange running, but taking into account the low volume they have (economic and user) I don't think they are very high expenses. I assume you know that YoBit has launched hundreds of its own tokens for the sole purpose of attracting new users and making profits for years with pumps and dumps.

I'm not saying that they are dedicated to the activities that you mentioned in one of your posts, but in Panama that type of activities would not be a problem since unfortunately many of the companies that are based in that country are dedicated precisely to those activities.

[Stompix]

~

I wonder whether they manage to deceive certain gullible people into keep using their shitty exchange. After all, i just opened their website and greeted with this questionable or fake bonus. Their Invest Box is also instane where

I would assume the only way to convince someone would be no kyc and the only place to deal with some shitcoins, but there are like a hundred alternatives for that and the whole thing with in-house coins for the "investment" plans is so yesterday, I mean I don't think there is anyone who knows about yobit that doesn't know how al their coins ended.

It might be so but I can't be convinced that this exchange runs now profitable without anything in the background.

[bitcoin-shark]

Of course yobit is a completely different exchange from the others, I'm not saying it can't be used but without efficient customer service it won't go far, so it will lose many users

[_act_]

I wonder whether they manage to deceive certain gullible people into keep using their shitty exchange. After all, i just opened their website and greeted with this questionable or fake bonus. Their Invest Box is also instane where

When I saw this just now I am still surprised that people are still using Yobit. There was a day I wanted to buy a shit coin on the exchange. I was very new to crypto at that time. I had $50 to buy it when I bought it, I saw less than $0.1 and my $50 was deducted. I guess they know about it and it will happen if you want to buy a coin that has many zeros with coins like bitcoin. Their investment box is truly insane and full of shit coins. You will invest and be losing from day 1. I tried their X100 that time which suppose to give 100% daily reward of the money invesed. But if you try it, the loss will be from day 1 of your investment.

[erus]

Well, I read this topic from the first page to the end but in my opinion the assessment of all members here is very bad for Yobit, I have never registered on the Yobit website because I am also afraid like other members.
I see on Coinmarketcap with the circulation of BTC in the Spot type trader, it is very much around 792 BTC or around $ 72,232,152. It is possible that the value of this coinmarketcap could be wrong too and I don't want to fall into Yobit's trap.
I'd better avoid this Yobit than lose my funds. This makes me safer than having to lose funds that are worth even just 2 dollars.

[Freemind]

When I saw this just now I am still surprised that people are still using Yobit. There was a day I wanted to buy a shit coin on the exchange. I was very new to crypto at that time. I had $50 to buy it when I bought it, I saw less than $0.1 and my $50 was deducted. I guess they know about it and it will happen if you want to buy a coin that has many zeros with coins like bitcoin. Their investment box is truly insane and full of shit coins. You will invest and be losing from day 1. I tried their X100 that time which suppose to give 100% daily reward of the money invesed. But if you try it, the loss will be from day 1 of your investment.

That is the reason (or one of the reasons) why YoBit constantly releases tokens of its own creation. They attract users who buy millions of tokens at a really low price, then do a pump and dump shortly after and take those users' investments within a few hours, they have been doing the same thing for years, which is why they have such low volume and are only able to attract new users with little experience. The most experienced users who remain on that exchange are those who actively participate in pumps and dumps and they also benefit from those practices.

[target]

When I saw this just now I am still surprised that people are still using Yobit. There was a day I wanted to buy a shit coin on the exchange. I was very new to crypto at that time. I had $50 to buy it when I bought it, I saw less than $0.1 and my $50 was deducted. I guess they know about it and it will happen if you want to buy a coin that has many zeros with coins like bitcoin. Their investment box is truly insane and full of shit coins. You will invest and be losing from day 1. I tried their X100 that time which suppose to give 100% daily reward of the money invesed. But if you try it, the loss will be from day 1 of your investment.

That is the reason (or one of the reasons) why YoBit constantly releases tokens of its own creation. They attract users who buy millions of tokens at a really low price, then do a pump and dump shortly after and take those users' investments within a few hours, they have been doing the same thing for years, which is why they have such low volume and are only able to attract new users with little experience. The most experienced users who remain on that exchange are those who actively participate in pumps and dumps and they also benefit from those practices.

I'm not into pump and dump but I am in yobit sometimes and they earn my loyalty when they airdropped valuable coins and tokens. Those were the days.

If I have the choice to use an exchange just to trade my BTC to Usdt without having issues with KYC, nothing beats yobit. Especially during the time when my passport expired and binance suspend my account for this reason. I got yobit to save the day.

[Bobcrypto]

I wonder why is this exchange not dead already..
Their reported volume is clearly fake, they only deal with shitcoins and pump and dump schemes, unless it acts like a front for some money laundering or tax evasion scheme they could have already packed their bags and closed it down already, I doubt they make enough money from actual traders still operating there.

Those shitcoins are the reason why people still use it, their reported volumes were always fake but people have no other choice because there are some shitcoin which is not available any other market place so people are ready to buy and sell some even if their services are shitty. It's been almost 4 years since I used and the last time I used doesn't have great experience either.

I am surprised that people are using the Yobit exchange because of shitcoins, and what could be the purpose of shitcon an exchange?
I have not use Yobit exchange but heard a lot of complaints and bad reviews on Google play store and social networks. I think the management need to listen to people's complains to move the exchange forward because the CEX exchanges is  very competitive, it requires serious efforts, dedications, to manage this kind of business.

[target]

If yobit's CEO was around on social media I think their BTC would have been seized already or he would have been imprisoned. CZ being the owner of the biggest binance didn't escaped from it.

Yobit having been around and not been known authorities couldn't really point him out, I think so it is just prosecuted online. But while they are being accused I think they proved crypto should have been decentralised this way.

[Stompix]

If yobit's CEO was around on social media I think their BTC would have been seized already or he would have been imprisoned. CZ being the owner of the biggest binance didn't escaped from it.

C landed in prison because all his life he has lied about everything and hidden eveything, every single thing about him was a lie, his licenses in Japan and Malta were a lie, his SAFU funds proved to be a lie when the audit company deleted the audit, everything he did was for money, he broke every possible rule and people still think he's some sort of innocent business man who will bleed for crypto!

What are the actual changes against yobit other than selling shitcoins?
If that would mean prison then we should build a few more prions just for meme coin makers.

[Freemind]

C landed in prison because all his life he has lied about everything and hidden eveything, every single thing about him was a lie, his licenses in Japan and Malta were a lie, his SAFU funds proved to be a lie when the audit company deleted the audit, everything he did was for money, he broke every possible rule and people still think he's some sort of innocent business man who will bleed for crypto!

What are the actual changes against yobit other than selling shitcoins?
If that would mean prison then we should build a few more prions just for meme coin makers.

Although to many people CZ may seem like just a businessman, it does not mean that he is just that, just remember when CZ had the brilliant idea of ​​“rollback” the Bitcoin chain years ago to recover 8,000 Bitcoins which were stolen from Binance. There are also many people who think that Musk is a genius and a visionary, there are people who say that Elvis is still alive... There are people who believe too many things just by reading them on the internet.

The only thing that can be blamed on YoBit is its terrible customer service, since such service does not exist.

That they have created hundreds of tokens just to pump and dump with new users is not just YoBit's responsibility, it is also those users' responsibility.

[_act_]

The only thing that can be blamed on YoBit is its terrible customer service, since such service does not exist.

That they have created hundreds of tokens just to pump and dump with new users is not just YoBit's responsibility, it is also those users' responsibility.

I do not agree with you. Exchanges should list tokens that are good and not shit ones. When I used Yobit in the past, it has many fake coins. I can not only call them just shit but fake. The coins do not exist anywhere than Yobit. They can say 10 or 100 times reward daily but the coins will fall more than 10 or 100 times daily which will make the investors to lose.

[ABCbits]

The only thing that can be blamed on YoBit is its terrible customer service, since such service does not exist.

That they have created hundreds of tokens just to pump and dump with new users is not just YoBit's responsibility, it is also those users' responsibility.

I also disagree with you. While i couldn't find criteria of how YoBit choose coin/token to be listed, it's fairly common to see exchange impose fee to get certain coin/token to be listed. And when there are so many fake, scam or questionable token/coin listed, i think we must wonder YoBit overall quality. I wouldn't visit grocery store which mostly filled of low-quality goods and IMO it should also partially applied when choosing exchange.