# YoBit Reviews **Vendor:** YoBit **Category:** [Cryptocurrency Exchanges](https://www.g2.com/categories/cryptocurrency-exchanges) **Average Rating:** 3.4/5.0 **Total Reviews:** 4 ## About YoBit CryptoCurrency Exchange! ## YoBit Reviews ### 1. Hundreds of crypto coins to buy, sell, and trade! **Rating:** 4.0/5.0 stars **Reviewed by:** Alex In Wonderlands H. | Independent Business Owner, Apparel & Fashion, Small-Business (50 or fewer emp.) **Reviewed Date:** January 04, 2022 **What do you like best about YoBit?** The vast array of diverse cryptocurrency coins/tokens that are available to buy, sell, and trade on the Yobit exchange is impressive. **What do you dislike about YoBit?** The user interface is quite busy and can be difficult to read when it's not enlarged. **What problems is YoBit solving and how is that benefiting you?** If I can't find an obscure or lesser known coin on other exchanges, it's always on Yobit. ### 2. Nice exchange for trading altcoins **Rating:** 4.5/5.0 stars **Reviewed by:** Петр . | Lead Project Manager, Small-Business (50 or fewer emp.) **Reviewed Date:** February 11, 2021 **What do you like best about YoBit?** I guess that YoBit is about accessibility. This exchange is really comfortable in usage from registration to withdrawal. In comparison with other crypto exchanges, this one, like I said, fish in a barrel. You don’t need to have a lot of experience to start trading here. You aren’t asked to pass KYC procedure. So, on the one hand YoBit is open to anyone who would like to have a shot at trading without having the proper experience. But on the other hand, it is also suitable for professionals, because of its security and privacy. In addition, knowledgeable people can find here interesting coins before they are listed on major exchanges. The big plus for me is that YoBit supports fiat currencies, so you don’t need to buy cryptocurrencies somewhere else. YoBit has a friendly community. In addition to chat on the exchange there are discussions in Telegram chat as well. **What do you dislike about YoBit?** I’m not quite sure I like YoBit’s design, however, all the functionality is on the highest level. And that would be great if they create a good mobile app. **Recommendations to others considering YoBit:** I recommend this exchange. There are no sophisticated ways for conversion, no site hanging, no delaying of orders accepting. But you should be aware when withdrawing your currencies. It is impossible to cancel the transaction if withdrawal is marked as a successful one. **What problems is YoBit solving and how is that benefiting you?** I’m constantly transferring my assets to this exchange. And I've never had a problem with entering or withdrawing cryptocurrencies. But you should trade with caution, which applies to all other exchanges. It is easy to get caught up in some scam, so, I check the coins thoroughly, before investing. ### 3. Be very mindful and careful if you dare to use YoBit.net **Rating:** 1.5/5.0 stars **Reviewed by:** Verified User in Investment Management | Small-Business (50 or fewer emp.) **Reviewed Date:** March 06, 2019 **What do you like best about YoBit?** At first I really liked the fact the it was super easy to get started working it while being in Russia, and that the fees were much lower than other more popular cryptocurrency exchanges had to offer. These were probably the only reasons why I started using YoBit in the first place. Also, I really like how easy and fast it is pass verification and that is even easier to trade. The interface is not that beautiful and stylish, but it is certainly self-explanatory and user-friendly. **What do you dislike about YoBit?** It has a lot of cons actually. YoBit is completely unregulated and it heavily promotes pumps and dumps. Withdrawal times a re quite slow. But what I really dislike the most as of right now is the fact that YoBit has been under investigation from Russian Federation authorities. YoBit has been really sketchy lately and if I were you I would think twice before starting using this exchange. I am still using it only because I already have here some of my assets. But I am going to withdraw all of them whenever it feels like the situation with investigation is escalating or when I just feel like it. Besides, it is a real pain trying to connect with tech support. Sometimes they do not simply respond to you at all. Had to them numerous times over 3 weeks in order to get any kind of a response. **Recommendations to others considering YoBit:** Far from being the best cryptocurrency exchange, but it is good enough for beginners or if you need to jump into the game really fast for whatever reason. Also, due to investigation process and other sketchy reviews about YoBit I would recommend to work only with smaller sums of money that you are not afraid to loose here, or if you are planning on investing in certain rare crypto coins that are not so easy to find. **What problems is YoBit solving and how is that benefiting you?** It is a simple tool to exchange my cryptocurrency assets whenever needed. It was very fast to set up and start using, so it saved a lot of time at first when I needed to start trading as soon as possible. It helped me to get started working with my cryptocurrency and exchanging it much faster comparing to other exchange services. ### 4. Works okay. Kind of slow to respond but overall okay. **Rating:** 3.5/5.0 stars **Reviewed by:** Verified User in Farming | Mid-Market (51-1000 emp.) **Reviewed Date:** January 29, 2019 **What do you like best about YoBit?** The ease of use it great. It's so easy to log in and start trading, oh and the choices of crypto currencies is astounding. I think they have one of the biggest selection of crypto for trading and for that I commend them. A lot of people say it's pretty shady, I actually think it looks a lot more legitimate than other crypto exchanges out there. **What do you dislike about YoBit?** There is a lot of strange, one time tokens that nobody ever uses again. It's part of the trade off for accepting every crypto for trade. Also I've heard stories of people 'losing' funds. This happened once to me and tech support took about a week but I was definitely taken care of for that. I'm not sure if they get a bad rep from the one or two people who had a bad experience or they really are bad at support? Like I was I was taken care of and I came out okay. **Recommendations to others considering YoBit:** Start off with a small amount to your wallet first, if it succeeds, do a larger amount **What problems is YoBit solving and how is that benefiting you?** I use it transfer and exchange funds between different crypto currencies. It does a good job at that. They also have a low commission. ## YoBit Discussions - [Who owns YoBit net?](https://www.g2.com/discussions/yobit-who-owns-yobit-net) - [Who owns YoBit net?](https://www.g2.com/discussions/who-owns-yobit-net) - [Is YoBit mining legit?](https://www.g2.com/discussions/is-yobit-mining-legit) - [Why you must choose YoBit exchange?](https://www.g2.com/discussions/why-you-must-choose-yobit-exchange) - [What is the main purpose of the YoBit exchange?](https://www.g2.com/discussions/what-is-the-main-purpose-of-the-yobit-exchange) - [View YoBit pricing details and edition comparison](https://www.g2.com/products/yobit/reviews?section=pricing&secure%5Bexpires_at%5D=2026-05-14+05%3A18%3A38+-0500&secure%5Bsession_id%5D=3e2a2d9b-037b-4c2a-b7b6-ae886a8e6f2a&secure%5Btoken%5D=c14226016b25421b43bde80598b4c7e9729fcef97ebfd9a6fd2df0c19b0f3038&format=llm_user) ## Top YoBit Alternatives - [Gate.io](https://www.g2.com/products/gate-io/reviews) - 4.4/5.0 (227 reviews) - [Zengo Wallet](https://www.g2.com/products/zengo-wallet/reviews) - 4.6/5.0 (212 reviews) - [Binance](https://www.g2.com/products/binance/reviews) - 4.0/5.0 (193 reviews)