YoBit Exchange Review 2020 – Unbiased Review of YoBit.net

Posted by Nayana Patil on March 25th, 2021

What is Yobit Exchange ?

Yobit Exchange 

 is a cryptocurrency exchange that was launched in 2014 by a group of independent European developers and is incorporated in Panama. According to the Coin market cap, YoBit is one of the top ten exchanges in terms of traffic, liquidity, and trading volume.

YoBit offers more than 500 tradeable cryptocurrencies in over 8500 crypto-to-crypto and fiat-to-crypto markets. It is one of the few cryptocurrency exchanges that is not yet regulated. The website is available in three languages: English, Russian, and Chinese.

YoBit Exchange Fees and Limits

The YoBit cryptocurrency trading platform does not charge different fees between takers and makers. Their fee model is called a “flat fee model”, which charges 0.20% for both makers and takers These fees are quite competitive as the global industry average is around 0.25%.

For Deposits, there are no fees charged by YoBit Exchange. There are likely to be transfer fees incurred by the different payment methods. For withdrawals, fees vary depending upon asset class withdrawn and withdrawal method. YoBit charges you 0.0005 BTC when you withdraw BTC. At YoBit, you can deposit through wire transfer, cryptocurrencies, and credit cards.