Bitcoin Forum

I am at my wits end and dont know what to do next. After some thought I have decided to open a new ticket since you do not seem to reply to my older tickets. This ticket is different in that
a) I shall post this in the PIVX forums and Bitcoin talk along with any replies you make
b) It aims to be a full statement of the problem.

The Problem:

Yobit is a small exchange that I have used for years and has always seemed reliable and honest. Recently I have come to challenge that view because the PIVX wallet is in maintenance mode and has been for 3 Months or so. I have currency that I want to remove from the exchange but its not happening.  The wallet is in maintence mode. If you fill in a request for withdrawal which you can do in any case, this message appears on screen:

  Withdrawal for such currency is temporary off.

Well that would be ok, except that its 3 months its been like that.

So I placed a support ticket and politely asked when withdrawals would be reinstated, this was the response, within half an hour:

Deposit\Withdrawal coin will be available after you upgrade the source code of the wallet. Unfortunately the developers are in no hurry to send you updates
- therefore, in order to avoid the loss of users, the network is not available.
If you have updated the source code of the coin, send us (https://yobit.net/en/maintenance_request/ Free)and we will promptly correct the problem on the coin.
Thank you for contacted the support.

So I went to the URL and submitted a free request. The top of the page states:

coin (SourceCode Update/Hardfork/Swap) with High Priority you can fill out the form below.
Payment method: YobiCode
Maintenance type:
• Free (8-14 business days) - 0 btc
• Premium (5-7 business days) - 0.2 btc
• Exclusive (2-4 business days) - 0.5 btc


So I requested a free request on 2017-11-27 expecting that this would be serviced within 18 days which is about now. I have commented a few times but never had another reply.

So is Yobit legit? that seems to be the key question now. The RIGHT way to stop trading a currency is to suspend trading, then give a reasonable time for withdrawals and then take it off the site. None of this has happened. Please Yobit, restore my faith and others in your good name and do the right thing!

Please upgrade the wallet so that me and others can withdraw the funds that belong to us. That is the only honest and decent thing to do.

(New Ticket on Yobit 10 Minutes ago.)

legitimate ? nobody know about that.
because they're only good an exchanges no more no less than that.
no matter what exchanges that you mention they will do something stupid in the process and they can not guarantee your money at all.
even if they're regulated under law in their country.
it will never change the fact that they're only gooad as an exchange.
but if we're talking about the worst one,i think it should be yobit.
even though many exchanges doing a stupid thing in the back,most of them did not did it openly like yobit did to their costumers.
that is why many people recommend other people to not doing any trade in there.
basically if they had a problem with yobit,none of them can solve it.
because they're not responding to our problem and simply ignore it

I used to use them years ago and I never had issues.

They started having issues with the massive bitcoin demand that happened in the last year or two. Basically the problem that they have is they have low support staff if issues arrive, which is basically what every other site is having.

Another bad problem about Yobit is that they have many coins which wallets are in maintaince and people have stuck deposits/withdraws.

Out of that exchange for good. This is one exchange you should run away from. All Yobit is ever after is cash and they care less what happens to your funds while using some crappy delay tactics. I understand a lot of people are still cool with it for now, until they get the crazy experience of their life. They are not really bothered about the users and I am so done with that.

Few days ago a had problems with cash out due to password changing. They locked up wallet for 3 days, but afterwards prolong it to 5 days. That's not so good, cause I was ready to verify myself, but they don't have such option
As a result, I withdraw my money, but such delays do really matter

Yobit is stands on the top ten altcoin exchanges still. There are many complaints about the yobit scams in the forum itself by many users. If we check the traders they still comfortable to have their trading experience on yobit site.
Other than that they will have the dice roll and other small earning options and all as the inbuilt option of the site itself. For bestvreafkng experience you please create the account on bitrex or polenix exchanges.

If you do ask me then i would say it would be on 50% legit and 50% scam since this exchange do really sucks on their service. Bad support system and do have lots of issues the thing on here is that you can able to buy up cheap coins but usually inside on this exchange are those shit coins that being mostly dump this is why buying on this site would really be too risky.They do always become shady after all these years.

I am only using yobit occasionally to exchange bitcoin to perfectmoney as they have instant withdrawals for PM but I have also experienced some delay before like of 12 hour maximum to get my funds.

Regarding new coin listing and wallet updates, they can list any coin if they will get paid and they might not consider to add any coin for free also they will not update wallet of any coin without any additional fee.

They just want to suck as much money as they can because they are not registered anywhere so not liable of any rules and nobody can fill legal case against them.  

Maybe you are talking about YoShit, not Yobit, lmao.

They are trash, no one can put money in there because they are never replying to support tickets, probably they are the same crap as bittrex only that they often reply to the tickets.

I suggest to everybody to stay away from this exchange, they are always putting crappy coins and scammy projects on their exchange because this is probably the only money source that they have, with the Dice, of course.

Yoshit exchange would be much more better to hear of. ;D Speaking on their dice it isnt really fair at all even you do set x2 multiplier and trying to roll it all you would still see losing streaks which can be seldom seen into other gambling site with the same odds which would really able us to see the difference and as a gambler we can really feel if those bets are rigged or not.This is why i dont really trust them on the very first place.

Yobit still have high trading volume and many traders are trading there for really long time but when you will get some trouble than you might have to wait for months to get it resolved also many of the wallets remain off always and it is full of shitcoins with zero volume. They never delist coin that has no any development going and zero trading volume.

I will not trust yobit with my bitcoin.

Yobit is quite good exchange it's just really messy due to bunch of shitcoins traded there just be careful you are trading the right coin because some coins there have similar name but different coins I experienced depositing a coin to wrong address that has same name there before and it's lost.

They used to be one of the best exchanges when it comes to ICOs and newly released coins, but with the issues they are encountering and the numerous users reporting frozen withdrawals and disabled accounts, I don't think I'd trust Yobit for a huge trade of mine. It still is a decent exchange to say the least, but the mere fact that they're having problems while others are not (bittrex not included) is a strong reminder to not store huge amounts in online exchanges as long as possible.

I had been using yobit exchange for the past 1 year and I have never had an issue with them.  So far they performance shows that they are legitimate but we never knew what will happen on the following years.  Just look back at MT GOX, cryptsy they used to be one of the largest exchange but they turned out to be what they are known today.  It would be best to be careful and do not put all your stuff in one exchange.  It is better to be aware of the possible thing that may happen than sorry.

Used it before but when I experienced long time withdrawals and stuck trades I stopped using this website.
They are legit as far as I know but it is like everything is being run by a Robot.
Just like you said, there is no one answering, I mean a true human being that would answer queries.
They have been spammed by a lot of customers with many problems and here I see it again.
I dont think it will be resolved by just a thread like this.

Also the fees they have, Damn! they are too high than other exchanges and for what? It could be worth the pay if it is fast, but it is not.

Some time ago I was Yobit user but I quit. The customer support was very poor and I had some problems with withdrawal and deposits so I quit. Recently Yobit was accused for scam or scam attempt by many users and I don't know what exactly is going on.
The truth is that some service might be legit or look like legite but the level of their service is so bad that users are not satisfied and they are experiencing multiple problems. I think exactly that happened to Yobit.

This is true which i did already observe that yobit is really active on listing new coins but regarding on delisting they dont really care at all unlike any other exchange this is why its been flooded by shit coins and if you are a newbie you would really end up on buying these trash. Just like been always been reminded for how many times dont ever risk to put up money on exchange wallet for long periods of time.If you dont like issues and headaches later on then better to follow this.

I have not heard before Yobit to be a legitimate exchange.Its already world famous for listing scam coins.They don't bother about any newly released coin's legitimacy.All scam coins could be found listed there.But now only hearing the complaint that amount could not be withdrawn.

i think nowadays issues arising with more exchanges.Bittrex was considered to be a legit exchange and nowadays,it is accused for banning thousands of accounts without prior intimation and not even replying to support tickets.

Generally, The idea of keeping money in the exchange is a dangerous endeavor.

Yobit.net is a good trading site. Daily trading volume on this floor is average but the number of coins traded on yobit.net is very high. You can find many new altcoin on yobit.net. But on yobit.net has not integrated tools to help analyze the candlestick charts, hopefully in the near future it will fix this.

If you place a buy order by clicking an existing buy order, MAKE SURE YOU CHECK THE ORDER - TWICE. I get burned because it will populate correctly 90% of the time but about 10% it will not take your selection but still have the lowest sell order information in the buy order. IT'S SO FRUSTRATING. But since yobit.net makes a higher fee if you don't catch it they will never fix it. Also it will not show your existing orders on the coin's screen sometimes until you create an additional order then your previous orders will show up. There are many issues like these that will keep yobit.net from becoming a good exchange. I don't trust them. I feel they are always trying to cheat me out of my $$.

I do not really trust this exchange and trade it only in the most extreme case. Although I think that for beginners it is very suitable.

I used to trade there a long time ago and then I had no problems trading there, I guess with more and more traders coming and volume increasing, Yobit and other exchanges have come under heavy strain and either their engines cannot cope with the new influx of traders, or their support infrastructure is not big enough to cope with the masses of new support tickets that are coming in. Mostly it is these issues that have caused many exchanges to flounder with the new surge of crypto people coming in. Yobit was always known to trade dead coins and many pumpers would form pump groups to revive and pump dead coins with their bots.

Pretty good exchange, checked on personal experience — the operations are successful, I hope it will continue. The exchange is a huge turnover, I can only wish growth! Finally found exchange to exchange Fiat money. It pleases. Because of many exchanges, and all seems to be defective — but this was attracted by openness and clarity. Very simple interface and if you are good in the subject, it will be quite difficult. This is a strong exchange for the exchange of many crypto-currencies and it is traded even Fiat money.

Yobit is the most terrible of all existing exchanges!
I could not translate coins for a month!
As a result, they returned it back to the balance sheet and I could not make a profit!

Support did not answer at all anything for a month!
In Twitter, zero reaction.
I'm not going to cooperate with these bastards and I do not advise anyone!

since 1 year ago I use yobit.io, my transaction is always safe, smoothly, nothing a problem. (maybe just a small problem, ex: delayed transactions)

it is a legit exchange with a lot of small coins, it is a great option to trade in smaller cap coins

incorrect login or password.I reset the password, I am asked to enter the code 2fa.mais I have not activated. the support yobit does not respond since 4 feb 2018. help me please

There are sometimes difficulties on mobile page. Did you try already to login on PC site? I had no problems to reset password without 2FA. But a friend tried to register via smartphone and has a dot in his email address. They didn't accept that on mobile but on his PC. He could successfully sign up there but can't login on mobile. Anyway they not only have problems with their support and are far away from a legit exchanger in my opinion.

I wouldn't use YoBit, it's a pretty horribly designed 'exchange' (if you can even call it that) with some of the worst support, shitty scammy pairs, scammy site, and everything under the sun which could be weird about this sort of exchange. Use someone reputable like Binance, you're asking to lose money if you leave your money in yobit.

Does anyone even use them anymore?

I'm trying to use Yobit to purchase some Namecoin and withdrawal the Namecoin,  However, when I purchased a little Namecoin, and tried to withdraw, everything looked normal, until I hit the submit button, and the message came up:  Withdrawal for such currency is temporary off.

I'll update if this gets resolved.

With a lot of problem and issues to the Yobit I dont think so if it still a legitimate exchange site. I remember wayback 2017 this is my first exchange site to use I earn a good profit but because of becoming low volume and a lot of shitcoin listing in this exchange site I stay aeay from it ans switch to good trading platform, now I saw a lot of people experience a problem with a problem I can say its not a good trafing platform.

Yeah, sometimes their wallets are down for 'maintenance' (whatever that means; I could never figure it out), but the namecoin wallet should hopefully come back online for you to withdraw your coins.  I've learned with Yobit to check to see if the wallet of the coin I want to buy is in maintenance mode before I do any trading--even before I send Yobit any bitcoin to do trading with.  They're lousy as far as updating anyone on what's going on, so it's anyone's guess as to when that wallet will be back up.

Please do.  Yobit's reputation needs all the help it can get.  I recently did about 3 trades over the past 3 weeks with them for a coin I can't buy on many other exchanges, and all the trades and withdrawals went smoothly.  They are a legit exchange, but they've got serious customer service issues (among other problems).  Good luck.

In my opinion, it is an average exchange, where some investors always had some issues and some others are quite satisfied. If you are having problems then you should use other exchanges such as bittrex or binance.

This is the right words to describe yobit, giving my opinion based on my experience.

Some people in the forum easily judge yobit as a scam exchange when there are people who are still patronizing the site.

They have this issues for years, since I remember people wrote many things about yobit, they are surviving and recently they added some new things ( i got some mail from them ). I dont use this exchange, for years already, and I have no plans to get back there when there are other much better exchanges, that are more trustworthy than yobit. I cant see any reason to not choose one of the good exchanges.

The thing is not all coins are listed in single exchange, there are coins in yobit that some traders think is profitable.
The question is only is it legitimate or not, and obviously it's a legit exchange since it's been here for years and although we've see bad feedback but they are still operating until now, therefore that would only mean that there are more people trusting them compared to people who hates them.

I think the yobit exchange place is not safe to use for transactions, it's just that there are lots of coins that often manipulate prices, and many withdrawal cases are delayed, it's better not to do transactions on yobit.

it seems like I don't trust this Exchanger anymore. Yobit.net exchange has broken my feelings and injured my trust after I could not withdraw from Yobit.net exchange.
But that does not mean I influence other members, I only give advice to avoid this Exchanger.

Based on my experience basis it also list on coinmarket cap and good methods by using ads what i see always here they promote it and see on their exchanges.

This is still a working exchange as of this moment but basing on vast comments among its users it do really have negative experience.

Basing on my own experience with this site,all transactions went smoothly.It would really just depend on what coin you are engaging on yet
majority of their altcoin wallets are on maintenance that's why it would always be good to have a check before making any transfers into this
exchange to avoid such possible problem ahead.

I'm using Yobit since two years without problem