Topic: Yobit - Crypto-exchange | Experience and imho - page 2. (Read 218 times)
I've had to use Yobit to trade a token available only on this plateform, well I didn't keep it for long and now avoiding this plateform.
Yobit is one of the shadiest exchanges that i have ever seen but strangely enough they have not scammed anyone until today. their service sucks and you may get your deposit/withdrawals stuck for weeks but at least there has been no scams like big exchanges such as Bittrex pulled!!!
they also have one of the worst APIs that i have aver seen. it is just horrible. it is slow, and it sometimes returns weird information for example when i cancel an order or place one it gives me my balance too! which is a waste of data and slows things down, specially if your list is long.
i also use Yobit for the same reasons! to get or dump the coins i got from forks. and as long as i am only dealing with bitcoin in my deposit and withdrawals i am fine!
they also have one of the worst APIs that i have aver seen. it is just horrible. it is slow, and it sometimes returns weird information for example when i cancel an order or place one it gives me my balance too! which is a waste of data and slows things down, specially if your list is long.
i also use Yobit for the same reasons! to get or dump the coins i got from forks. and as long as i am only dealing with bitcoin in my deposit and withdrawals i am fine!
Hi everybody!
In this post I want to share my trading experience on this exchange. I'll tell you why it's not possible to trade on it, but using it sometimes you can increase your capital. I hope this information will be useful to you. P.S. Sorry for my English.
General information
Site: https://yobit.net/
Created: 2015-2016
2FA: available
API: available
Disadvantages
1. Very low speed of the site
2. Low trading volumes. Usually everything is centered around 5-10 coins, which are now in a trend.
3. Slow technical support
4. No support by tradingview. Uncomfortable graphics.
All this makes it impossible to trade regular on this exchange (If you treat trading seriously). BUT then I'll tell you why I still use this exchange from time to time
Advantages
1. There is no need verification by some documentations for deposit and withdrawal. !!!
2. This exchange is often used for organized PUMPs. Administration does not fight with it like bittrex for example. (if you like it
)
3. The coin rate is 5-20% higher than on other exchanges. (not always sure) !!!
4. low commission (0.2%)
4. Support each fork. Quickly and honestly. !!! (I just have a bit of bitcoin there and quite often I get some shitcoins)
Conclusion and application
This exchange is definitely not the best option for permanent trading. But it can be useful to you in the following cases:
1. Trading an extremely small amount (if you are a beginner for example)
2. If you do not want to be verified (for many reasons)
3. If you are interested in trading on the difference between the rates of different exchanges
4. If you want to get coins for hardforks fast and guaranteed !!!
5. If you organize pumps or you want to participate in them
Now I use this exchange only to get coins for the hardforks that interest me. And I get not a bad profit on this. For example: the previous ETZ fork I received only on yobit, and selling at a good price earned a profit of 25%. And if the coin is not scam, then on this exchange, in my experience, it will appear much earlier than on others. In other words, if I want to participate in an hardfork, then I transfer coins to this exchange to get them exactly.
In this post I want to share my trading experience on this exchange. I'll tell you why it's not possible to trade on it, but using it sometimes you can increase your capital. I hope this information will be useful to you. P.S. Sorry for my English.
General information
Site: https://yobit.net/
Created: 2015-2016
2FA: available
API: available
Disadvantages
1. Very low speed of the site
2. Low trading volumes. Usually everything is centered around 5-10 coins, which are now in a trend.
3. Slow technical support
4. No support by tradingview. Uncomfortable graphics.
All this makes it impossible to trade regular on this exchange (If you treat trading seriously). BUT then I'll tell you why I still use this exchange from time to time
Advantages
1. There is no need verification by some documentations for deposit and withdrawal. !!!
2. This exchange is often used for organized PUMPs. Administration does not fight with it like bittrex for example. (if you like it
)3. The coin rate is 5-20% higher than on other exchanges. (not always sure) !!!
4. low commission (0.2%)
4. Support each fork. Quickly and honestly. !!! (I just have a bit of bitcoin there and quite often I get some shitcoins)
Conclusion and application
This exchange is definitely not the best option for permanent trading. But it can be useful to you in the following cases:
1. Trading an extremely small amount (if you are a beginner for example)
2. If you do not want to be verified (for many reasons)
3. If you are interested in trading on the difference between the rates of different exchanges
4. If you want to get coins for hardforks fast and guaranteed !!!
5. If you organize pumps or you want to participate in them
Now I use this exchange only to get coins for the hardforks that interest me. And I get not a bad profit on this. For example: the previous ETZ fork I received only on yobit, and selling at a good price earned a profit of 25%. And if the coin is not scam, then on this exchange, in my experience, it will appear much earlier than on others. In other words, if I want to participate in an hardfork, then I transfer coins to this exchange to get them exactly.
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