Yobit
YoBit (also stylized as Yobit or YoBit.net) is a centralized cryptocurrency exchange founded in 2014. It has a very poor standing among the Bitcoin community, with a reputation of stuck deposits/withdrawals and low-quality customer support.
The platform is registered in Panama and operated by a group of anonymous developers, and is an unregulated exchange with low transparency regarding ownership, team, and security practices.
A brief list of features of this exchange follows.
- No mandatory KYC
- Extremely large number of trading pairs, however, most of these are dead coins which are perpetually stuck in maintenance mode
- 0.2% trading fee (maker/taker), however, many coins have a high or variable withdraw fee
- Limited support for USD and RUB (via third-party services like AdvCash, Perfect Money, etc.)
- InvestBox (staking-like), YoPony game, free coins campaigns, IEO/ICO listings, virtual mining (VMining)
Reputation
This platform has a very bad reputation on Bitcointalk[1], primarily due to the signature campaign which they managed in which users were encouraged to write up to 20 posts per day. At one point, the Yobit signature campaign was temporarily banned, with dozens of forum members in the campaign handed temporary bans for spamming. [2]