Yobit Review

Yobit Review: Is It Safe & Legit, or a Scam?

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Yobit is no longer a new name in the crypto-world. Launched in Russia in 2015, this exchange lets you trade in hundreds of cryptocurrencies at a fee. Some impressive features of the company’s website include a user-friendly interface and immediate deposit and withdrawal services.

How To Get Started?

Yobit ReviewCreating an account on Yobit takes less than five minutes. A confirmation email will be sent to your account and the verification process doesn’t take too long either. After you have activated your account, you can deposit dollars into your wallet and use the funds to purchase Bitcoin with it. With time, you can upgrade to any other digital currency of your choice.

Safety of Transactions

Besides an easy-to-use interface, Yobit utilizes high-level SSL technology for encryption and an intelligent system that analyzes and blocks unusual transactions. It also makes use of cold and hot wallets that shield your account from unauthorized access.

Trading Process

Trading on Yobit is easy. Any inexperienced trader can easily find their way through the platform. All that is required is for you to choose the type of currency you would wish to trade in and place an order for it. The transaction fee is approximately 0.2 percent for buying and selling. The support section makes it easy for beginners to consulting in case they need help around the website.

Two-Factor Authorization

Yobit utilizes both Email and Google authentication to secure user accounts. When it comes to sending or withdrawing funds, the verification process takes a few seconds for users who have the Google Authenticator installed. The platform also has a feature that allows you to freeze withdrawals in case you suspect that your account is under attack.

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