The YObit.net service was created in Russian and became famous in 2015. There is no detailed information about the name of the owner of this site on the Web. The service serves English, Russian and Chinese traders. What are the real reviews about YObit.net?
How to register in the service?
Creating an account on YObit.net will take less than five minutes of your time as the confirmation email arrives almost instantly. When it comes to sending payments or withdrawing funds, the verification process does not take place until you have Google Authenticator installed.
According to reviews of the YObit.net exchange, you will be provided with step-by-step instructions on how to activate it after registering on the site.
Currencies and cryptocurrencies
The only FIAT currency that can be accepted by the platform is USD. You can deposit USD into your account and buy bitcoin with it. Once you have credited the funds to your account, you can exchange them for BTC or transfer to your preferred other cryptocurrency. The site offers a wide selection: BTC, DASH, ETH, XBY and DOGE, and many more.
Howrunning YObit Trading Works
According to user reviews of YObit.net, trading is surprisingly easy, and even inexperienced market players can easily figure out the interface. All you have to do is select the currency you want to trade (the corresponding menu is on the left side of the screen) and place a buy or sell order on it. The minimum transaction will be 0.00010000 in all currencies, and the fee for each transaction will be 0.2% for buying and selling.
There are three types of transactions with cryptocurrencies. The section called InvestBox offers to make investments, including in developing digital denominations. Each coin on the site has its own yield rate.
The Dice section is a gambling game played by guessing numbers. Doubling the bet is offered as a reward for winning.
The third section is called FreeCoins and it is a free draw.
YObit.net FreeCoins
User reviews positively point out that the site offers an option called FreeCoins, reminiscent of a bitcoin faucet. You can earn different cryptocurrencies on YObit.net with just a few clicks.
After you click on the selected actions, you will be given hours to wait for the next bonus.
Commissions
Service fees will depend on the type of wallet you intend to use to transact. Freedeposit is offered for USD transactions within PerfectMoney, OKPAY, Advcash and Capitalist. Payeer charges 2% USD for deposits and QIWI Wallet charges 5%. Withdrawal payouts will vary from 1% to 3% in RUB and 5% in USD.
All deposited funds are displayed in the "Balance" menu. In order to enter, withdraw or transfer money, you should click on the plus or minus.
YObit website interface
The website is easy to navigate and controlled with a single mouse movement. This means that you don't have to make any effort to move from one menu item to another. According to YObit.net users, the site's color scheme is also quite pleasing. When it comes to trading, it's always best to keep something simple and non-distracting in front of your eyes.
A positive quality is that when you register on this site, you automatically receive a cryptocurrency wallet for each denomination (from those presented on the site). However, experts recommend using them only on a short-term basis, only for making transactions, and for the rest of the time, keep your funds using special independent applications.
Also, users can use the chat section. This is very handy if you want to know the latest news. Communication takes place in Russian, and reviews of YObit.net.ru about it are mostly positive.
How does YObit treat its customers?
Regardingcustomer service, they don't have live chat support, which is a disadvantage. The service offers a ticketing system, which is not the best option. Reviews on YObit.net point to this feature as a lack of service.
When you create a ticket, you won't be given anything, not even a link number that you can use if you don't get a response. No time frame is promised, the appeal simply gets the status "New". However, the answer comes pretty quickly.
In addition, the site has an FAQ page where you can get answers to your questions before submitting tickets or an email to customer support.
Problems and malfunctions
Many YObit.net users report the same problem while using the site. This is a long delay when it comes to withdrawing bitcoins. As you can see from these YObit.net reviews, funds are always withdrawn, but it often takes too long to wait for a transfer.
YObit.net website security
When it comes to online trading, whether it's FOREX or BTC marketplaces, it's always important to make sure the site you choose has a decent level of security. You must be sure that you can rely on this site, and you will not lose your funds in the long run. After all, you are trading your own, often hard-earned money, not abstract low-value items.
YObit offers two-factor authentication that is alwaysrelevant when it comes to trading sites. To ensure the safety of customers, YObit.net has the following functionality:
- file systems encryption SSL (SecureSocketsLayer);
- Anti-DDOS Intelligent - transaction analysis and blocking system;
- two-factor authentication (GoogleAuthenticator, email);
- Cold/HotWalletsYobi codes (codes that are provided for transactions).
Closing word
As you can see from the reviews of YObit.net, this site deserves the attention of traders. The level of security here is quite high, and the choice of cryptocurrencies is very extensive. At the same time, the service should be developed further, since there are still shortcomings in its work. So, customer support is not well organized, as well as the speed of withdrawals.
We should also not forget that even if the site offers fair trading, the success of the transactions will still depend on you. It works like any game of chance: you either win or you lose. Therefore, it is very important to have some experience with such sites, as well as to have some luck.
