Topic: Why do people use bad exchanges like YoBIt? (Read 1501 times)
A lot of coins that are not in the concept of going to hyip are included in the yobit exchangers and many people experience losses from the exchanger. indeed the name and also the reputation of yobit decreased. this is indeed a risk from the exchanger
What's the reason for using a low-quality exchange like yobit? There are so many other exchanges that allow for no verification (like binance) that I don't think there's a real straightforward reason to use yobit. I don't see them even having any good qualities.
Could someone explain?
Could someone explain?
If there is a coin you really like and it is listed on the exchange, you don't have any option then to use them, so everyone has their own preference, as regards to exchanges, those using the yobit exchange would have their reason, just the same way you have your own reason of using binance.
Yobit is an exchange which is listed in coinmarketcap and also have a high volume but recently it had been attacked by the scammers or hackers. They created a pished Yobit site which the users can be hacked if they sign in on that site but people still used this exchange for the reason that their coins are listed there and newly finished ICo tokens are commonly listed there.
I used only top 10 ranking exchanges according their trading daily volume and I did not found Yobit include there. So I avoid to use Yobit cause I don't see they have good customer support and low trading volume. One of the important thing for exchange is they should be have friendly customer support and easy to contact and get answer quickly. And so far only Binance, Okex, Huobi, Bibox, Gate.io, Idex have telegram chat direct with Admin that make easy to contact them if we have problem.
What's the reason for using a low-quality exchange like yobit? There are so many other exchanges that allow for no verification (like binance) that I don't think there's a real straightforward reason to use yobit. I don't see them even having any good qualities.
Could someone explain?
We all know that Yobit exchange is a low-quality type of crypto market or exchange but some traders are still using it because the transaction fees there is much cheaper than other crypto exchanges or they have still other reasons why still do it, it might be that their coin/s is only listed or available at Yobit Exchange. I already scammed by pishing sites of Yobit that's why I avoid to use it now.Could someone explain?
What's the reason for using a low-quality exchange like yobit? There are so many other exchanges that allow for no verification (like binance) that I don't think there's a real straightforward reason to use yobit. I don't see them even having any good qualities.
Could someone explain?
We all know that Yobit exchange is a low-quality type of crypto market or exchange but some traders are still using it because the transaction fees there is much cheaper than other crypto exchanges or they have still other reasons why still do it, it might be that their coin/s is only listed or available at Yobit Exchange. I already scammed by pishing sites of Yobit that's why I avoid to use it now. Could someone explain?
some coins only list in this exchange for the first time and gradually list in another exchange, i believe some people want to dump or buy some coins in yobit.
Youbit or yoshit 
I am joking 
Yobit site is good for a lot of pumps and dumps at a night. I use this site but its very short time. This site support all of the forks, so why people use this exchange site. Also, yobit support Mastercard withdraw and perfect money withdraw so its good for some people.
I am joking Yobit site is good for a lot of pumps and dumps at a night. I use this site but its very short time. This site support all of the forks, so why people use this exchange site. Also, yobit support Mastercard withdraw and perfect money withdraw so its good for some people.
Why do you say it is a bad exchange? I have some coins there and I'd like to know the experience of the people.Thanks
I have a bad experience with Yobit, My first deposit to them failed and when I sent mail to Yobit, they never responded. Support is non-existent with Yobit. They seem to be the biggest scam exchange to be active. They have stolen millions of dollars from people using different techniques. They are been investigated by the Russian government for the frauds.
Because of the bad exchangers like the yobit you mentioned
I think they just bought them a cheap amount of tokens or altcoins then they traded them in famous exchanges so the opportunity was great to earn a lot of people in this way.
I think they just bought them a cheap amount of tokens or altcoins then they traded them in famous exchanges so the opportunity was great to earn a lot of people in this way.
Maybe they do that because on Exchange there are other available token he holds, or maybe he wants to take advantage of Arbitration.
But I hope you do not trade on YOBIT Exchange, because you know that Exchange itself is very bad service and network.
But I hope you do not trade on YOBIT Exchange, because you know that Exchange itself is very bad service and network.
Newbies without experience in exchange makes trades on such horrible exchange. They once scam my coins and I have open a support ticket to enquire about it for some months now, no reply to my enquirers.
What's the reason for using a low-quality exchange like yobit? There are so many other exchanges that allow for no verification (like binance) that I don't think there's a real straightforward reason to use yobit. I don't see them even having any good qualities.
Could someone explain?
Could someone explain?
Yobit is not a bad exchange but maybe you experience some difficulties or problems in that exchanger before, people today are still using that market so it will be always depending on the person who is having a transaction.
What's the reason for using a low-quality exchange like yobit? There are so many other exchanges that allow for no verification (like binance) that I don't think there's a real straightforward reason to use yobit. I don't see them even having any good qualities.
Could someone explain?
Because sometimes exotic tokens are listed there and bounty hunters have no choice but to trade there with cautious and I've heard some news that they are increasing their volumes just so they can scam users secretly. For my review about yobit it seems like it doesn't have the characteristics of a user-friendly platform that guides users efficiently.Could someone explain?
If I think the advantage of yobit, it has a better price. In a bad exchange, sometimes coins are pumped or thrown out loud, and then the price difference in other exchanges is very good. The main motivation of this exchange is to register as many coins as possible so they get the most benefit from the commission. Poor user experience does not really bother them because they know that users are powerless and have nowhere else to go.
maybe those who use yobits are people who do not know where to exchange good and right so they can not determine a good exchange place because they have no experience.
What's the reason for using a low-quality exchange like yobit? There are so many other exchanges that allow for no verification (like binance) that I don't think there's a real straightforward reason to use yobit. I don't see them even having any good qualities.
Could someone explain?
yobit - I do not understand how this stock exchange still exists ... A large commission for withdrawal of funds. They cash in on people who invest in this exchange. They change the terms of investment every week and you will not earn anyway. So, in principle, I do not respect this exchange and do not advise anyone! They even promote fraudulent coins.Could someone explain?
The main reason of still yobit exchange exist is that it is one of the oldest exchange and most of the coins before where listed here and their are so many coins to trade and earn. But if you invest high then you can get problem.
Yobit is used as its place of arbitration, as Yobit often experiences price differences with other exchanges.
but unfortunately his Yobit is always constrained network when doing Withdrawl, and my experience Withdrawl from Yobit the longest is 3 weeks. ahhhhh very bad!
but unfortunately his Yobit is always constrained network when doing Withdrawl, and my experience Withdrawl from Yobit the longest is 3 weeks. ahhhhh very bad!
What's the reason for using a low-quality exchange like yobit? There are so many other exchanges that allow for no verification (like binance) that I don't think there's a real straightforward reason to use yobit. I don't see them even having any good qualities.
Could someone explain?
yobit - I do not understand how this stock exchange still exists ... A large commission for withdrawal of funds. They cash in on people who invest in this exchange. They change the terms of investment every week and you will not earn anyway. So, in principle, I do not respect this exchange and do not advise anyone! They even promote fraudulent coins. Could someone explain?
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