What is YoBit? Advantages and disadvantages of using it
¿What is YoBit?
YoBit is a cryptocurrency exchange, with a relatively low movement of transactions, originating in Russia in 2015.
It is a small exchange and with a fairly simple relationship, YoBit frequently enters unpopular cryptocurrencies; some new shareholders use it to trade new tokens introduced through ICO offerings.
The house is available in English, Russian and Chinese.
Likewise, it is difficult to find more legal information or the company behind the house on the website.
Cryptocurrencies available on YoBit
YoBit has a selection of rare and limited coins which are:
Bitcoin (BTC)
Dash (DASH)
Waves (WAVES)
Ethereum (ETH)
Lisk (LSK)
ZCash (ZEC)
Bitcoin Cash (BCH)
Litecoin (LTC)
Bitcoin Liza (LIZA)
KubosCoin (KUBO)
How to create an account on YoBit
Logging in and signing up for YoBit is particularly easy and here we’ll explain how to do it, so let’s get started.
Visit the YoBit website and follow the steps below
Click “Registration”.
A form will open where you must enter a username, email and password.
Click on «Register» to accept and confirm the registration of your account:
You will receive an email with a link attached to verify the opening of your account, click on the link to start using YoBit support.
And ready! At this point, you will be able to enter the system immediately.
YoBit will not ask you to go through a verification process to use their services, however, it is advisable to use the two-step authentication tool to increase the security of the platform.
Advantages
A set of cryptocurrencies is provided that is unlikely to be found on other platforms.
It admits deposits in fiat currencies, however with very limited and particular means of payment.
Extra services such as online chat, dice game and specific acquisition of tokens in ICO offers.
Disadvantages
Low volume: being a little known platform, the flow of transactions is low, they can trigger manipulations in some exchange pairs.
Payment methods are limited.
Based on the information found on the Internet, the support service of this platform is inefficient.
