YoBit.net Review 2025

YoBit.net offers Spot trading on 3,300+ cryptocurrencies with a fixed commission of 0.2% for makers and takers. USD and RUR deposits are available via PerfectMoney and WebMoney.

Company Information and Regulation Status

YoBit.net (founded in 2014) operates as a cryptocurrency exchange without formal regulation or licensing from central financial authorities.

The lack of oversight has implications for both the platform's operations and user protection:

• No KYC Requirements: YoBit.net does not enforce Know Your Customer (KYC) procedures, allowing users to trade anonymously;
• Limited Accountability: The absence of regulation means users have less recourse in disputes or issues;
• Privacy-Focused: The platform appeals to users who prioritize privacy in their crypto transactions.

While the absence of KYC requirements may appeal to some users, it's crucial to understand the potential risks associated with using an unregulated exchange.

YoBit.net CEO

The CEO of YoBit.net is Iyoi Tobi, who has held the position since January 2014. According to Iyoi Tobi linkedin She is based in San Francisco, California, and specializes in information technology and internet services.

Detailed information about her professional background or education is not publicly available. In summary, while Iyoi Tobi is officially recognized as the CEO of YoBit.net, the full details of her career and experience remain largely private.

Table of Specifics

To give a picture of what this Crypto exchange offers, here is a table we prepared for you:

YoBit exchange offers a comprehensive set of features that are suitable for both new and experienced traders.

The platform's wide range of supported cryptocurrencies and trading pairs provides ample opportunities for diverse trading strategies.

Pros and Cons of YoBit.net Exchange

Let's examine the advantages and disadvantages of using YoBit.net:

While YoBit.net offers some attractive features, potential users should carefully weigh these pros and cons against their personal trading needs and risk tolerance.

User Levels & Features

YoBit.net does not specify different user levels or tiers. All users can access the same features and fee structure, regardless of their trading volume or account balance.

The lack of a tiered system can be seen as both an advantage and a disadvantage. While it ensures equal treatment for all users, it may not incentivize high-volume trading as other exchanges do.

Fees and Commissions

YoBit.net employs a straightforward fee structure:

• Trading Fee: 0.2% flat fee for both makers and takers
• Deposit Fee: No fees for cryptocurrency deposits
• Withdrawal Fees: Vary by cryptocurrency
• Inactivity Fees: No costs for inactive accounts and maintenance

The 0.2% trading fee is competitive within the industry, especially considering it applies to all users regardless of trading volume. However, users should be aware of the withdrawal fees, which can be significant for some cryptocurrencies.

Coins and Assets Offered by YoBit.net

YoBit.net boasts an impressive array of cryptocurrencies and trading pairs. Some of the available coins on YoBit.net:

• Bitcoin (BTC)
• Litecoin (LTC)
• Dogecoin (DOGE)
• Binance Coin (BNB)
• Uniswap (UNI)
• Ripple (XRP)
• Polkadot (DOT)
• Cardano (ADA)
• Stellar (XLM)
• IOTA (MIOTA)
• Tron (TRX)

YoBit.net offers one of the most extensive selections of cryptocurrencies. This variety allows traders to explore established and emerging projects, catering to diverse investment strategies.

Futures and Margin Trading on the YoBit.net Exchange

It's important to note that YoBit.net does not offer futures or leverage trading options. The exchange focusessolely on spot trading for cryptocurrencies. This means:

• No Futures Contracts: Users cannot engage in derivative trading based on future price predictions;
• No Leverage: No options exist to amplify trading positions through borrowed funds.

The absence of futures and margin trading can limit advanced traders seeking these options.

Registration and Verification Process

YoBit.net Registration on the exchange is easy to do and takes only a few minutes of your time. It will be explained in steps.

https://youtu.be/LmsdnVBxGuI?si=iSixoh-RUJiCZ4nO

#1 Navigate to the Registration Page

On the homepage of YoBit’s website, select “Register and Get 4700 Fast Dollars!”. This will take you directly to the sign-up form to start your YoBit account setup.

#2 Completing the Form

Enter a username and an email address in the form. Also, create a strong password for your account based on the requirements.

Next, agree to the terms of service and click the "Register" button. Finally, verify your email address by clicking the link in your inbox.

#3 Verify Your Email

After submitting the form, check your email inbox for a confirmation message and click the activation link to validate your account. This step ensures that your email is securely verified and linked to your new YoBit account.

#4 Activate Telegram Bot and Access Dashboard

Once your email is confirmed, activate your YoBit account through the official Telegram bot. Follow the link provided, press “Start” inside the bot, and then select “I activated”.

After confirmation, you will be redirected to your YoBit dashboard, where you can begin exploring the platform and executing trades.

#5 Verifying Your Identity

Although YoBit.net does not require KYC for trading and using basic services, you must verify your identity to lift all the limitations. You can do so by submitting personal identification documents.

How to Trade on YoBit.net?

YoBit.net’s simple website design lets users easily exchange cryptocurrencies. Trading is available on the homepage of the exchange, so you don’t need any extra steps to get there.

#1 Pick The Trading Pair

From the left menu, you can use the search bar to find your preferred trading pair. Also, you can select the pair from the list below the search bar.

#2 Enter Trade Amount

On the same page, near the middle, you can input the amount of cryptocurrency you want to trade. Make sure you have enough funds. There are two different sections for buy orders and sell orders.

#3 Confirm the Trade

Now the exchange will show you the total price and the fee. If you are happy with what you see, then click the “Buy” or “Sell” button to place the order.

Platforms and Applications

YoBit.net primarily operates through its web-based platform; YoBit.net’s platform features:

• Trading Interface: An interface for executing trades and managing orders
• Account Management: Features for deposit, withdrawal, and account settings management

Key points about YoBit.net's platform:

• Web-Based: The platform is accessible through any modern web browser;
• No Mobile App: Currently, YoBit.net does not offer a dedicated mobile application;
• Limited Advanced Features: The platform focuses on essential trading functions rather than advanced tools.

While the lack of a mobile app may be a drawback for some users, the web platform is designed to be responsive and accessible on mobile devices through a browser.

Security & Safety Measures

The exchange implements several security protocols to protect user accounts and funds; some security measures in YoBit.net:

• SMS-Based Two-Factor Authentication (2FA): Users can enable 2FA for an additional layer of security;

• SSL Encryption: The website uses SSL encryption to protect data transmission;
• Cold Storage: A portion of user funds is stored in offline wallets to protect against hacking attempts.

YoBit.net's website has received a 30/100 Trustscore from the "ScamAdviser" platform; however, no real reports of any scams or successful attacks on the exchange have been submitted.

Users are advised to enable all available security features and maintain good personal security practices when using the exchange.

YoBit Security Rankings

According to YoBit CER.live, the exchange holds a D rating with an overall security score of 17/100, placing it in the 201st rank among crypto exchanges.

So, while the platform has been around since 2015 and operates with noticeable trading activity, its security infrastructure is considered weak compared to industry leaders.

Available Payment Methods

YoBit.net primarily supports cryptocurrency transactions but also offers limited fiat options; YoBit.net Payment Methods:

• Cryptocurrency Deposits/Withdrawals: Supported for all listed cryptocurrencies
• Fiat Options: Limited support for USD and Russian Ruble (RUR) transactions is available
• Third-Party Services: Some fiat deposits are facilitated through services like AdvCash and Perfect Money

Users should be aware of the limitations in fiat currency support when considering YoBit.net for their trading needs.

YoBit.net Exchange Services

Here is the list of important services that many traders are curious about regarding YoBit.net.

Trust Scores and Evaluations

YoBit.net's Trustpilot profile and other sources show a mixed reputation, with concerns about its trustworthiness; Trust Scores:

• The Trustpilot Rating: 1.3 out of 5 based on user reviews
• User Complaints: Numerous reports of withdrawal issues and unresponsive customer support
• Lack of Regulation: The absence of regulatory oversight raises concerns about user fund protection

While YoBit.net exchange has been operating since 2014 without significant security incidents, the low trust scores and user complaints suggest caution when using the platform.

YoBit.net Features

Here's a table summarizing all additional features provided in the discussed exchange:

YoBit.net Bonus

YoBit.net offers a range of unique bonus programs designed to reward traders through token incentives, volume-based perks, and daily promotional rewards.

#1 YOTRA Trade Bonus

YoBit offers a unique "Trade Bonus" feature through its native token, YotraCoin (YOTRA). Users can earn:

• 10% of the trading commission on BTC trading pairs in YOTRA;
• An additional 1% daily reward for YOTRA held in the InvestBox;
• Referred users generate 5% of the bonuses attributed to YOTRA for the referring user.

#2 Volume-Based ROM Bonuses (Tiered Plans)

YoBit rewards high-volume traders with bonus accrual through a tiered system tied to "ROM sell orders":

• Silver Tier: 10,000 bonus points per 1 BTC traded grants 5 ROM sell orders. Costs 0.05 BTC per 30 days;
• Gold Tier: 20,000 bonus points per 1 BTC traded grants 10 ROM sell orders. Costs 0.1 BTC per 30 days;
• Platinum Tier: 30,000 bonus points per 1 BTC traded grants 20 ROM sell orders. Costs 0.2 BTC per 30 days.

Support’s Working Time and Contact Info

The exchange’s customer support system is primarily ticket-based; YoBit.net Support:

• Ticket System: Users can submit support tickets through the exchange's website;
• Response Time: No specified working hours or guaranteed response times.

Key points about YoBit.net's support:

• Limited Direct Support: No phone or live chat options are available;
• Variable Response Times: User reports suggest inconsistent response times to support tickets.

The need for specified working hours and direct support options may frustrate users requiring immediate assistance.

Copy Trading Services and Investment Options

YoBit.net offers investment options but does not provide traditional copy trading services: Investment on YoBit.net:

• InvestBox: A feature allowing users to earn interest on locked-up assets and idle cryptocurrency holdings
• YoPony: A cryptocurrency-based game that allows users to bet on virtual horse races

While these features provide additional ways for users to earn returns potentially, they come with risks and should be approached cautiously.

List of Restricted Countries

YoBit.net does not explicitly specify a list of restricted countries. However, users should be aware that:

• The lack of regulation may make the platform inaccessible or legally risky in some jurisdictions;
• Users are responsible for ensuring compliance with their local laws and regulations;
• The absence of KYC requirements may conflict with regulations in certain countries.

Users must research and understand local cryptocurrency regulations before using YoBit.net or any unregulated exchange.

YoBit.net in Comparison with Other Exchanges

The table below compares the platform with 3 popular competitors based on specific parameters:

Writer's opinion and conclusion

YoBit.net mainly provides Crypto investment programs, including InvestBox with daily payouts of up to 12% on 20+ coins (e.g., BTC, EDC, and X10) and YouStep with daily rewards of up to $81 for a $10,000 fund.

However, the lack of licensing from tier-1 regulatory bodies, low trust score of 1.3/5 on TrustPilot and no support for Futures trading are the YoBit.net exchange’s main weaknesses.