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Let’s analyze Yobit exchange for the following parameters: reliability, commission and daily volumes.The application sends you the codes that Yobit will request to confirm the the operations.

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The exchange receives a lot of negative comments every day, but it is still very popular, and the daily trading volume on Yobit approaches $ 26,000,000 USD.

Сообщение YoBit exchange: pros and cons появились сначала на FinTab Crypto Portfolio.[35 Price 1 Weekly 2019 Analysis Week]

The team is trying to take into account all the complaints on the malfunction.

The exchange has been operating since 2014, withdraws money and works quickly.[Purse With Experience Data Mastering The]

The number of trading pairs is about 6000.

The interface of the exchange is overloaded with details, but it’s easy for even a newcomer to understand it:

Yobit main page Verification

The main advantage of Yobit is the optional verification of accounts.Cryptocurrency can be withdrawn without all voluntary regulations practiced on other sites. Such gray and thus liquid platforms are now extremely in demand and valuable.[News December 2018 Bitcoin Summary 24 8211]

Cons

Technical support does not always answer and solves problems, but tries to respond to applications from users.You need to specify the purchase price and the number of tokens, the rest is automatic. If you want to immediately buy tokens at the price that other market participants offer, click on any SELL order (2) – then the fields in the BUY section will be filled in automatically and you will only have to click on the green “Buy” button. Similarly, you can sell tokens in the SELL section.

How to trade on YoBit

Let’s have a closer look at trading.We will take FNTB as an example https://yobit.net/en/trade/FNTB/BTC#1M

yobit fntb

In order to place an order to buy a token at the desired price, you need to fill in the fields in the BUY (1) section.Even if you know how to identify phishing links.[Are Top Bitcoin Right That True Now Predictions Coming]

With all the reservations, we can recommend Yobit as the last, not very stable though island of freedom in centralized cryptocurrency ocean.

Commission

Deposit and withdrawal of funds is carried out through the payment systems “Payeer”, “AdvCash”, “PerfectMoney”, there is no commission for deposit, for the withdrawal of dollars – 3% of the sum. The trade commission of the exchange is 0.2%.[Waves Fabric Wirex In Of The]

yobit 2fa

This additional level of protection is necessary when working with any exchange: because of the critical vulnerabilities of operating systems and processors, almost any computer can be hacked.[I Can How Myself Scams Against Protect Bitcoin]

Site: https://yobit.net

From the advantages of the exchange, we can note many features for users  – InvestBox (an investment platform where you can get up to 10% a day from the deposit), Dice (a kind of casino), investing in ICO and adding your coins to the exchange, the constant addition of new cryptocurrencies to pairs.

Yobit 2FA

But there are also disadvantages: because there is no verification, it will be very difficult for you to contact technical support if you lose access to the exchange, or your password is stolen.You must ensure the security of your account by yourself. Be sure to include the function of two-factor authorization in your account of Yobit.For trade, you do not need to send scans of passports, driving licence, selfie with documents, DNA samples and fingerprints.The main drawback of the exchange is a huge amount of feedback on the poor performance of technical support and the funds stuck when withdrawing and depositing. On the other hand, our entire team has been trading on Yobit for a long time and we did not notice any problems.[Digest News BTCcom]
Source: https://fintab.io/blog/yobit-exchange-pros-and-cons/

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