YoBit is a crypto exchange platform launched in 2014, known for its no-KYC policy and a wide selection of altcoins with over 9,000 active trading pairs. Unlike mainstream exchanges like Binance and Kraken, YoBit operates with a high level of anonymity, lacking transparency regarding its founders, security protocols, and regulatory compliance. The platform’s pros include easy access to numerous trading pairs and a straightforward interface, while its cons include an outdated UI, unresponsive customer support, and questionable security measures. YoBit offers unique features such as YoFarm, YoDice, YoStep, and InvestBox, allowing users to earn crypto in various ways. While it may attract traders who prioritize privacy and altcoin diversity, concerns about security and transparency make it a risky choice compared to regulated platforms.
YoBit Review: Is This No-KYC Crypto Exchange Safe & Legit?
Discover everything about YoBit, a no-KYC crypto exchange offering 9,000+ trading pairs but facing concerns over security, transparency, and customer support.
Trade over 9,000 crypto pairs on YoBit with no KYC—explore its features, pros, and cons before you dive in!
| Feature | Details |
|---|---|
| Launch Year | 2014 |
| Supported Trading Pairs | 9,031+ |
| No KYC Requirement | Yes |
| Security Transparency | Lacks clear security protocols |
| Customer Support | Often unresponsive |
| Unique Features | YoFarm, YoDice, YoStep, InvestBox |
| Best For | Traders seeking anonymity & altcoin diversity |
| Biggest Concerns | Transparency, security, outdated UI |
What is YObit?
As a global exchange, it serves many countries around the world.
The team behind this YObit portal is based in Russia and does all the work that should be done to be a reliable cryptocurrency exchange.
After all, just take a look at the website to understand that the interface is clean and precise. Furthermore, the site is easy to navigate.
As the site is simple to use, cryptocurrency trading can be done without any problems.
The homepage of YObit has a series of tabs that include the following items: “Trade,” “Market,” “InvestBox,” “Wallets,” “ICO,” “CoinsInfo,” “AddToken,” “Support,” and “PM.”
On the far right of the homepage there are two tabs, one is “Registration” while the other is “Login”.
The site is an international exchange and is therefore available in three languages: English, Russian and Chinese.
Go to YObit’s Official Website
What you can do with YObit?
What are YObit’s main features? What can you do on YObit Cryptocurrency exchange?
Here are the possible options for users of YObit.
1. Trade
This page gives you information on the digital currencies that are disrupting the cryptocurrency ecosystem.
This part presents some charts that provides traders with the most actionable information which is worth investing in and which is not.
In addition, this web page provides details on trading history, buy orders and sell orders.
There is also a separate balance section available in your account. Also, to enhance the user experience, the site gives you the ability to trade crypto assets with a single click.
Start Trading Cryptos on YObit
2. Market
This page provides a huge list of 7,052 active crypto coin pairs. Here, every other cryptocurrency is associated with Bitcoin. While in 24-hour volume it will display its highest and lowest point in the last 24 hours.
Overall, there is a lot of information any prudent investor will need to use before making an investment.
Check Our All Cryptos on YObit
3. InvestBox
This section allows all cryptocurrency makers to list their free ones on InvestBox. Yes, this tool allows developers to easily promote their cryptocurrencies. However, InvestBox is in no way a HYIP or pyramid scheme.
4. Wallet
This is your wallet on the platform where you will be able to view your total balance, number of cryptocurrencies, hold details, deposits, withdrawals and so on.
Once logged into the site, you know every single action you have done using YoBit.
5. ICO
We all know that crypto tokens have been gaining fame for a few years. Hence, a trusted cryptographic Exchange will be the one able to list all incoming tokens in real time from their ICO list. This is what YoBit is doing. On this site, the token can be purchased with a single click.
Additionally, you can also check out the forum discussion of each listed token before making a final investment decision.
6. CoinsInfo
This section is a paradise for a true cryptocurrency enthusiast. On CoinsInfo, you will find a variety of details about each specific cryptocurrency; these details include information about the coin’s PoW / PoS, algorithms, coin supply, and ticker symbol.
These details may be relevant to casual investors, but they are extremely important to all those investors who are looking into mining and who want to gain a deeper understanding of a specific cryptocurrency.
7. AddToken
This section is for anyone who wants to have their token listed on YoBit. The listing process is fairly straightforward – you just need to fill out a form, and then you’re ready.
As there is only one module, we believe it won’t take long to get your token listed on this website. However, you should be aware that the site only lists those tokens that follow the ERC20 standard.
8. Support
Since there is a dedicated customer support tab, the platform is committed to providing the highest levels of customer satisfaction. This support section is based on a ticket system: you raise a ticket and the problem (ticket) will be solved.
Within the tab, there is a separate section where all coin tossing companies (developers) can collect tickets to request coin maintenance.
Go to YObit’s Official Website
FAQs
- What is YoBit?
- YoBit is a cryptocurrency exchange platform launched in 2014, known for its extensive altcoin selection and no-KYC policy.
- Is YoBit safe to use?
- YoBit lacks transparency about its security measures, making it a risky choice for traders concerned about fund safety.
- Does YoBit require KYC verification?
- No, YoBit allows users to trade anonymously without requiring KYC verification.
- What are the main advantages of YoBit?
- YoBit supports over 9,000 trading pairs, has a simple registration process, and does not require personal information.
- What are the biggest concerns with YoBit?
- The platform has limited transparency, outdated UI, unresponsive customer support, and questionable security measures.
- What features does YoBit offer?
- YoBit provides features like YoFarm (yield farming), YoDice (gamified rewards), YoStep (daily earnings), and InvestBox (crypto lending).
- How do YoBit’s fees compare to other exchanges?
- YoBit charges a flat 0.2% trading fee, which is slightly higher than Binance and other major exchanges.
- Does YoBit have good customer support?
- Many users report slow or unresponsive customer service, making it a concern for those needing assistance.
- Is YoBit regulated?
- No, YoBit does not hold any major licenses or regulatory approvals, raising concerns about compliance.
- Who should use YoBit?
- YoBit is best for experienced traders looking for altcoin variety and anonymity but may not be suitable for those prioritizing security and regulation.
Comment by jetonwhy
February 16, 2025
Anyone else finding it weird that Deriv only allows deposits through Jeton and not bank transfers? They’ve removed crypto too, so now it’s just cards and Jeton. Kinda frustratin...