📘 General information about the Yobit exchange
Yobit is one of the oldest crypto exchanges (launched in 2014). The platform is known for its focus on privacy (trading without KYC), Russian-language support, and a very broad selection of rare altcoins. The exchange offers hundreds of coins and thousands of spot pairs, including low‑liquidity and “meme” tokens that aren’t listed on major CEXs. Beyond basic spot trading, Yobit provides unique services—from game‑like mechanics to its own investment programs.
- 🔸 400+ cryptocurrencies and 4,000+ trading pairs (BTC, ETH, USDT, RUR, and exotic tokens)
- 🔸 Spot only: no futures or margin — lower entry barrier and risks for beginners
- 🔸 No KYC: email registration, access to trading and withdrawals without verification
- 🔸 Proprietary services: InvestBox, YoFarm, FreeCoins, the YoDice and YoStep games
- 🔸 Native YO token — extra perks and participation in activities
🖥️ Yobit interface and navigation
The interface keeps an “old‑school” look: on one screen you’ll see the market list, chart, order book, and order forms. The design looks dated, but it’s functionally straightforward — without decorative layers or extra navigation steps.
Key interface features:
- 🗂️ Top menu: Trade, Market, YoFarm, YoDice, InvestBox, YoStep, Wallets, Support
- 💬 Built‑in “trollbox” (chat) with multiple languages
- 🌐 Multilingual, including Russian/English and more
- 📉 Basic charts and orders; no advanced analytics tools
- 📱 There’s no mobile app or it’s functionally limited — desktop is preferable
💱 Trading on Yobit (spot market)
Yobit supports spot trading only. The list of pairs is large, including pairs with RUR and internal tokens. The exchange lists unusual assets quickly, so rare coins often appear here earlier than on other platforms.
What to know:
- 💱 0.2% fee fixed for maker and taker
- 📊 Many pairs: top pairs are liquid, “small” ones are often thin
- ⚡ No derivatives: no margin, no futures, no options
- 🧰 Minimal toolset: limit/market orders, no OCO/stop‑losses
The trading experience on Yobit is as direct as it gets: simple orders, fast listings, but higher market risks on low‑liquidity assets. It’s better to split large trades in “exotic” assets into several orders.
💲 Yobit fees: trading, deposits, and withdrawals
The fee structure is simple and clear. Trading — 0.20% per transaction, with no volume tiers. Crypto deposits — no exchange fee. Withdrawals — a fixed fee depending on coin/network; fiat — via third‑party providers.
- 💱 Trading: 0.20% maker/taker for everyone
- 💰 Crypto deposits: 0%
- 💸 Crypto withdrawals: fixed per asset (typical: BTC ~0.0005 BTC; ETH ~0.01 ETH)
- 💳 Fiat gateways: Qiwi / AdvCash / Payeer, etc.; provider fees usually ~5–8%
Check current withdrawal rates for specific coins on the Fees page in your account — for some tokens fees and minimums are periodically updated.
🏦 Deposits and withdrawals
Top‑ups and withdrawals are available in cryptocurrency and via fiat gateways. Crypto deposits are credited after network confirmations; fiat is processed by external payment systems.
- 🔑 Cryptocurrencies: an address is generated in Wallets; deposits post after confirmations; withdrawals go to the specified address with a fixed fee deducted
- 💵 Fiat methods: rubles/dollars via Qiwi, AdvCash, Payeer, etc.; provider fees apply
- 🎟️ YobiCode: internal voucher — fast, fee‑free transfers between users
- ⏱️ Speed/limits: crypto deposits usually 5–30 minutes; large withdrawals may be checked manually
💰 InvestBox, FreeCoins, YoFarm, YoDice, YoStep
In addition to spot trading, Yobit offers a set of non‑standard tools for earning and engagement. They increase potential returns, but also raise risks.
Main activities:
- 💰 InvestBox: plans with a daily rate (~0.1% to 5% per day depending on the coin and terms). Yields are high, but there are no guarantees; terms may change
- 🎲 YoDice: a dice game with BTC stakes; cashback in YODICE tokens proportional to bet size; tokens trade on the exchange
- 👟 YoStep: buy “virtual sneakers” for USDT; daily rewards in YOSTEP when conditions are met (incl. activity in Dice); monthly “repairs” for the sneakers are paid in the YO token
- 🌾 YoFarm: liquidity pools with very different yields (from conservative pairs to high‑risk “alt” combinations)
- 🎁 FreeCoins: regular micro‑airdrops of tokens; good as a “sandbox” for practicing swaps/withdrawals
🎁 Bonuses and referral program
Yobit incentivizes activity with a series of internal rewards — from referral payouts to partial fee rebates and periodic airdrops.
- 🤝 Referral program: 20% of invitees’ trading fees + 5% of their purchases of in‑house features/products
- 🎁 Trade Bonus: partial fee rebate on BTC pairs paid in tokens (e.g., YO); terms depend on account status
- 📢 Airdrops/competitions: giveaways of new tokens and trading contests; announcements on social media and the forum
- 💎 YO token: limited supply; perks within the ecosystem (participation in activities, priority during certain periods)
🛡️ Security and reviews about Yobit
Regulatory: Yobit operates without licenses from major jurisdictions — legal guarantees for users are limited. Keep this in mind if you store significant amounts.
Technical: standard account protection (2FA, email confirmations), withdrawal whitelists, the ability to freeze withdrawals. No public audit reports, insurance funds, or bug bounty programs are announced.
⚠️ Reputation and user feedback
Reviews are mixed. The exchange’s long track record and unique features appeal to some users, but complaints about support and withdrawals are common. Frequently mentioned:
- 🔻 Account freezes and long unfreezing times
- 🔻 Delays/inability to withdraw certain coins due to “Maintenance”
- 🔻 Questionable token activities and low‑quality support
- 🔻 No instant live chat with support; slow ticket responses
❓ FAQ: registration on Yobit, fees, withdrawals
How do I register on Yobit?
What are Yobit’s fees?
How do I withdraw funds from Yobit?
What are FreeCoins and what are they for?
How does InvestBox work on Yobit?
📝 Examples of using Yobit
Example 1: buying a little‑known altcoin
- — Top up your account: in “Wallets” generate an address for USDT or BTC and wait for the funds to arrive.
- — Open a pair: via “Trade” or “Market” find the ticker you need and select, for example, XYZ/BTC.
- — Create an order: specify the amount and price in the “Buy XYZ” form, then confirm the order.
- — Check execution: after the trade, the tokens will appear on your balance; withdraw them to an external wallet if needed.
Example 2: participating in InvestBox
- — Choose a plan: in “InvestBox” review the coin, daily rate, and terms (minimum, term, payouts).
- — Invest: enter the amount and confirm the placement of funds.
- — Receive daily profit: accruals arrive every 24 hours.
- — Finish participation: at the end of the term (or upon early exit) get back the deposit and accrued interest.
🔖 Pros and cons of Yobit
Platform strengths and weaknesses:
- ✅ Anonymous start: registration and trading without KYC
- ✅ Maximum altcoin selection: access to rare tokens and early listings
- ✅ Unique services: InvestBox, FreeCoins, YoFarm, game mechanics
- ❌ No regulation: elevated legal risks
- ❌ Reputation issues: complaints about withdrawals and support
- ❌ Technical limitations: outdated interface, no advanced order types or apps
✅ Conclusion and assessment of the reliability of the Yobit crypto exchange
Yobit is a niche exchange for those who value anonymity and access to rare tokens. The platform combines spot trading with “entertainment” products, creating a rich ecosystem for experimentation and passive earnings.
That said, risks are high: no licenses, periodic difficulties withdrawing certain coins, and slow support. The platform works best as a “second” or “experimental” exchange — for small sums and cautious strategies.
Recommendation: use Yobit for targeted tasks and quick access to “rare” assets, keep only working balances on the exchange, withdraw profits regularly, practice good cyber‑hygiene, and plan withdrawals in advance.