Yobit Exchange Review

What it is

Yobit has been operating since 2014, running without mandatory identity checks and promoting user anonymity. It supports hundreds of coins - over 160 by some counts - and thousands of trading pairs. Trading fees are fixed at 0.2 percent for both makers and takers. You can deposit and withdraw in crypto or fiat, including USD and RUB, using various payment channels. Yobit also offers unusual features like YoFarm, InvestBox and its own YO token.

Quick snapshot

These numbers show real activity, but big differences across data sources also hint at transparency gaps.

What works and what doesn’t

Pros

• No-KYC model makes it accessible and fully anonymous
• Huge selection of coins and pairs you won’t see on most mainstream platforms
• Low, predictable fee structure
• Extra features like farming, airdrops and simple bot tools for experimental traders

Cons

• Trust issues are serious - many user reviews describe scams, frozen funds and no support
• Transparency is nearly zero - team is anonymous, location details are fuzzy
• Withdrawal problems are common - stuck funds and endless “maintenance” alerts worry users
• Interface feels dated and customer service is often slow or unresponsive

Real user experiences

Plenty of user stories online paint a grim picture. Some traders report losing large sums through farming or InvestBox schemes with no help from support. Others complain that withdrawals get “held in audit” for months. While some still use it for obscure coins or bot farming, the platform’s reputation overall is rough.

Final take

Yobit gives massive flexibility - tons of tokens, total anonymity and a low flat fee. But it comes with huge risks. Lack of transparency, frequent withdrawal issues and deeply negative feedback make it a gamble.

If you’re highly risk-tolerant, understand you might lose funds, and specifically want obscure tokens with no identity checks, you might cautiously explore Yobit. Otherwise, anyone prioritizing security, clear ownership and dependable service will likely want to avoid it.