Bitcoin Forum

The bull season came for the crypts. Investments increased. The market revived. I'm alerting new users. Stay away from YoBit. Because all their coins are like YOZI. Soon they will all 1 satoshi like YOZI. Don't put your money on YoBit. They give 7% in the InvestBox for YOZI. But he fell 8x in 10 days. So they stole all the investors' money. Do not join their ICO's. Because the end of it all will be like YOZI. YOZI can not even 4 satoshi anymore. AceBoy1989 and Placebo1977 cheater. Don't believe them. They are YoBit's dogs.

Yobit had made a bad reputation already in the forum due to the scam accusations it had received. But I still don't know that Yobit signature campaign is still listed on Mitchell's post. I think it should be remove already if it is really a thief on scamming its users. Also they're running IEOs and please double/triple check before buying those especially for new to crypto, they should be aware of Yobit, seriously.

Thank you for alerting us about probable scam. But this is not the appropriate board. You must have moved this post to scam accusation or where it better suit.

2 years ago I had the same problem, bought 10 different altcoins and to my astonishment in just 30 days the 10 altcoin fell to 2 satoshis and had no purchase order, I was very disappointed when I learned the real reason for the fall of altcoins, yobit decided to delist the 10 altcoins because their devs were spamming in yobit chat... imagine knowing such a thing? so I stopped using yobit


Placebo1977 has been using yobit for years and I do not know how he/she continues to use yobit and is still active on yobit chat

I have heard a lot of allegations about Yobit which is really disappointing. Yobit has a good reputation until things got worse. People are now aware that it's risky to use it anymore. It's a good thing that we are informing people about scam exchanges.

It is not a new thing, there were running these scams a few years back too, they will list any coins if you give them money and they allow fake volumes and hype in the chat and when you invest in them, the coin is dropped back to one satoshi and no more buy orders, i got scammed like that well back in 2015 if i remember correctly and you will see that all the time and Yobit will not warn any of the investors as they do not look for their safety, they just want the money and they will do anything for that.

it really is true of everything you say, and it looks like you are one of the yobit victims, still looking for a profitable opportunity to trade.

I was attracted to their campaign before and good thing that I never pushed it through. Yobit is one of the many exchanges that am avoiding as I don't wanna be part of the complain statistics we all read here in the forum. Well, we have many other cryptocurrency exchanges around so why stick with Yobit and risk our money in there? It would be a big pain in the ass if the token you are holding can only be exchanged in Yobit. We don't need an exchange like this...they should shape up, do something about their reputation and come out clean but I guess they won't since they are actually making good money with what they are doing.

It's a good thing that even victims and continuously warning people about the fraud that Yobit is causing.
Thisn kind of exchange should stop operating because they continuously fooling people. They have scammed a lot of traders and they should start paying for this.

Yobit was one of the old exchange that the cryptocurrency users have got for the trading needs. Further they came up with different such investment access and quite often used to add coins that we've never heard about. Maybe this way they have been scamming the users, but on top listed coins there is not much of issues with trading.

there are hundreds of reasons why Yobit is a thief and the fact that they have pump and dump shitcoins falls at the bottom of that list because if we was to brand every exchange that has a pump and dump shitcoin listed (even those that own that coin) then all the altcoin exchanges become "thieves".
for starters you can just open Yobit website and look at the market for a little while, the fake orders that flood the chosen markets of that day is too obvious to miss.

It is well known to everybody that Yobit is a running scam. I call it a running scam because it has been running scams for a few years now.
We should probably declare it as Yoshit 😂 Though it has been scamming from a long time, it's scam came into attention when Yobit started too many new ICOs in 2017.
Not only it started ICOs but also started giving huge returns in it's investbox for some shit tokens. It listed too many shit coins. Most of them are dead now.
All of these made Yoshit even worse. I stopped using Yobit since mid of 2017.

yup yobit is one of the first platform that i know when i started trading
there are so many negative feedbacks back then i guess until now ...

If you are investing any shitcoin coming from Yobit, you deserve to lose money.

It is a shitcoin exchange what did you expect? I'll tell you what it was... You tried to scam others but you quickly found out it was them who were scamming you.

I even hesitate to invest Binance's products no matter how good they do pricewise and you invested in Yobit's IEO.  Straight into the scam.
(not even Bittrex, Its IEO also sucked but at least it was a better exc than Yobit that's for sure.)

Gj.

It's very important for everyone to know first whatever project to invest, yobit since then have this kind of reputation they manipulated every investment that they've offer, the very reason why most of those serious investors are moving away from this exchange, this post of yours will be useful for new traders who's still trying to work with yobit's offerings.

Yobit has a lot of scam accusations in this forum and what more outside. I think that theymos did the right choice in banning yobit signature. And I was wrong putting it on my signature space. All you need to do now is to avoid using this exchange or it will cost you a lot.

If you have proofs about this, it is better if you compile them and bring them forward through scam accusation board.


Exactly. Yobit already has a bad reputation in the forum and still, he bought its shit coin. It is the bad investor's fault if he gets conned into buying shitcoins.

I only think that Yobit is a place to pump and dump any coins and a small project which have the coins will take the benefit because they can play the price of their coin.
Yobit will still operate their exchange because they can take the biggest profit from the other projects no matter if the project is legit or not.
If you are not comfortable with Yobit, you should leave from Yobit and never look at Yobit again in the future.

Looks like there is another user that write casual post on forum.
Please can you explain where you see: "looks like you are one of the yobit victims"?
OP has just created an "alert" thread, no involvement in any active scam.
A total non-sense!

Is it true that the yobit exchange acts like that, very sorry that this happened to the yobit.
Although the exchange has been formed very long, and many users have used this service.
Hopefully this will not happen again in other exchanges

I think in every investment we must be careful. But with coins in Yobit i heard it is full of manipulation even i not see by myself. But as long we make any research maybe ask in forum like bitcointalk is good too so we can know how chance big of risk in our investment.

Nothing new!

Yobits reputation is trash since on the beginning and with just thinking that 7% on investbox is already a ponzi.Only dumb people would fall out with that scheme and also with just
searching this forum alone you would see countless complaints against them.So why would consider on investing if you do see redflags and avoidance advises from other members or
previous users?

There's too many shills on their chat box and even the exchange itself is a shady one, so why keep on trading there? Don't also join their IEOs and too many alt coins there that are totally dead so it's no reliable to put your money in there. Some exchange are worth even trying and using them if you are just into altcoins. They don't have reputation to protect and they have the worst support of all. I advise everyone to not invest with their investbox too because it's a HYIP.

I thought a veteran posted this, everybody here knows that Yobit is a serial scammer, in fact, they are ban here, they cannot do any type of promotion here, they filled the scam sections with how they scam their traders, so many newbies are being victimized it should be stopped.

I think for people who has an account in this forum he will knows what reputation of yobit. There are thousand of threads about yobit and seems like most of the threads just give negitive side against on it. But for those people who didn't have an account on this forum and he knows yobit just a glance then he will interest with their lure so as make an account on it and finally he got scammed.

Investing and trading in yobit will all these shitcoins are very risky, but if you are a player who loves this, go ahead.
Not recommended for serious investors who like to hold the coin for a long period, these are shitcoins, they never have a future, only created to pump, dump, and then died, then another coin will be in the making again with the same purpose.

Not all coins listed on yobit are sh*t coins because there were also bitcoin, etherium and other top cryptos but it has been said that the yobit exchange collects alot of sh*t coins and not only that , thier exchange do also get a bad reputation from the public because they maybe have a poor service  . Until now , yobit is still controversial but the yobit exchange is still alive and kicking  .

Yobit has huge fee and controversial investments like investbox which is actually a ponzi scheme and it will be a scam most of the time.Recently they launched their IEO and got success as well but the fate of investors can e only found when the real value of token gets exposed.

They are still alive and operating because there are users that remained to use them. It's either those traders are liking the service that they have and never experienced problem with them but we all know on how problematic they are if you're trying to get their support. It will take you forever before you receive a response from any of their representative. And you are one of those lucky people to receive that kind of response because mostly they aren't really replying.

That is the type of games that is happening in cryptocurrencies market and some exchange sites. It all about manipulations and only the experience and wise one that actually makes money from the game at yobit and other exchanges of like mind.

Those coin have been launched by yoshit can't be called as IEO because those coins are created by themselves. I remember there was a lot of craps coin like trump or ivanka coin that only yobit that accept that coin. Sometimes this exchange site can block your account anytime. this is the worst exchange site in my history.

The word thief is an understatement,  you need to call them a scam exchange,  they tried to make a signature campaign,  but glad to see that the moderators on this forum was at alert to block it, don't make use of yobit exchange for now

Yes, we should always research before investing in any of the coins because of course, we are hearing much negative news about the Yobit exchanges. They themselves launching the coins in the market and cheating the investors and traders with the fake volumes. So it is always good to research before investing in Yobit.

The reason probably is not because they are a scam exchange, it's because of the spam they may bring in the forum.
That was a signature ban (60 days), and guess what? the sig ban will end soon, I think this month.

Scams are not moderated here,the reason for admin banned their signature is their signature campaign hired participants without any restrictions and paid high number of posts everyday which created lot of spam so admin noticed it and banned their signatures for 60 days.I guess their ban period is about to expire so we may see some more spam invaders if they come back with signature campaign.

Yobit reputation goes down  because of this scam accusations that rise almost everyday,  this why some traders are now leaving yobit because they cant handle that problem.

About on yobits signature ban is already ending up then i guess it would really start an another wave of spam ones they  do make some launching ones again.

But theres nothing to be worry about yet if they done things which are inappropriate when it comes to signature then another ban would be applied.
If i were to speak,they should be banned forever yet most people know on how shady this exchange is.

They were running signature campaign around 2 years ago and on that time, hilarious still managed their campaign so it was less spammer than now, which they don't have any manager.

I think their bad support is the main reason why people hate to use this exchange

Yobit's so-called IEOs getting new level day by day... Yobit's robbery bureau inventing new ways to scam naive investors and it seems there is no one to look after them. What a Freedom to Scam!

They created their own Bitcoin, named YoBTC and it seems it is only used to buy in their IEO's tokens. It looks like there were 7 IEOs held so far and YoBTC has been used to buy the tokens.

And the last tweet was "Next Yobit IEO in... RANDOM TIME. All buys will be in YOBTC." source (https://twitter.com/YobitExchange/status/1140398921547767808)

Those traders who still managed to work with yobit without being compromise, those traders will continue even there's already a lots of complain being raised, better to do a deeper research and check it out it's hard when you already in the shoe of those who have experienced problems.

Every exchange I think are creating their own coin for IEO purposes, they are inspired by how BNB grow this year and Yobit is getting ambitious too.
This is something to watch out for, and investors has to be very careful as they are doing it at the right timing when the market is bullish.

If you have enough proofs about that YOZI issue then best is to put it in right forum in which SCAM ACCUSATION or REPUTATION sections so many will be alerted and won’t become a victims

But about yobit?i have been here for years now and since I came here reading about issues on that site becomes a warning for me,I was thinking why people still become a victim when it’s an obvious scam?

Like I said scams are not moderated here so admins is not going to ban someone just because of their shady behaviour that is why we are having DT system is in practice.

Anyway I don't think they will comeback because their reason why they launched their signature campaign is their launch of IEO which made some buzz but now people will be aware of their IEO and investbox features.

You are right! I forgot about this point when I was writing the post.
But still, I'd say that YoBTC is also connected with Yobit's Ponzi schemes. I think there is an investment plan, 0.2% daily return to YoBTC holders.

Whatever it is, in the end, it's Yobit and everyone should act like a mature person in order to protect their own money, unless they think off of charity...  ::)

They suck. Don't trade or invest anything that they advertise. They are so desperate that the exchange is all about making money on their own.
Don't deposit any amount of bitcoin or altcoin that they are supporting.
It's better to be safe than to feel sorry later because they really are greed, creating bunch of useless tokens that's hyping traders.

Not only this you can fine many scam complaints over yobit. Still people are using this site they are making them comfortable on using that's it. I believe something does who usually do their trading on yobit should share their review thread on this forum.
I'm not sure why yobit exchange doesn't take care their names everywhere.
If they continuously ignore add doesn't care the reviews about their exchange they will not be able to survive for long time.

There could 4 reasons why traders still trade on Yobit imo.

• Yobit knows Black Magic, by this power they control trader's mind
• Some traders are greedy - they just want to earn quick money from P&D
• Traders don't have a choice because of their favorite coins/tokens has been listed in Yobit
• Recent Yobit's IEOs (aka Ponzi scheme) pulling traders because IEOs offered by Yobit has a fixed return for some time, so traders think of a quick profit

Yobit reviews at this point are useless, old traders got used to Yobit's gameplay and just the only new traders (few in count) complain here if they get busted.


They are set now, making enough money. They don't have time to care about their bad name here & there.


They will survive, no matter how many more scam accusations we see in the future... They survived this far, they will survive in the future.

No,black magic doesn't work on wondow screen. :D

Yes,their investbox option still attract many new investors but its only for short term benefits,in long term you will completely lose the capital.

After cryptopia's hack,some coins only available on yobit so people has no choice over any other exchange.

In 2017 Icos was the major focus in the crypto community and this happens because of the bullish momentum that the overall cryptocurrency market enjoys that year. Many people including me loss a lot of money because of the icos boom and scammers takes advantage of this is a boom to became very rich but in an illegal way. IEO is now bringing the investors back into the crypto community and that is why we should be careful not to be scam by the exchange that promoting them. Yobit has been in discussions for bad thing and that means before you invest in their exchange you have to be careful!

Experience is the best teacher they say, i am guessing after you have experience the shadiness of yobit now you feel the need to advice others not fall victim as well, there have been many scam report about yobit and some other exchange as well, but it is left for users to take advantage of this warning and act on it, and sometimes greed is what drawn people to get scam.

The last time I was the site, I learn the exchange was going for ICO and demand bounty hunter, the bounty campaign was detected to be a scam. Bitcointalk is not friendly to the exchange at all and you cant even trade bitcoin and top coin on the exchange confidently. These are exchanges that only think about themselves and exploit others at all cost.

I haven't heard any complaint with the top coins so far tbh, they are famous for scamming with other altcoins and Ponzi things.

We just cannot accuse yobit alone, the dev team of an altcoin is also responsible sometimes.

But Yobit's fault is at the peak because they don't research any coin/token before listing and later those coins/tokens turn into a scam. They only think about listing fee.
If I'm not wrong then a few years ago I saw they have listed over 6k coins/tokens and guess what most of them are scams. The number could be above 95% or more...

If Yobit were professional and honest then they could be one of the top exchange in cryptoverse imo.

I have known this issue from the beginning, and what you say is not all true. Some users take advantage of this exchange.
but indeed most of them feel disadvantaged by this exchange.

Bounty campaign was detected to be scam? Didn't they always paying their participants who wearing their signature?

How bitcointalk isn't friendly? Admin was banned yobit campaign because many people were spamming, it's because yobit set the max 20 posts in a day which make people will spam on this forum

I guess they will continue to stay profitable since not everyone are aware of their reputation, the market is growing and possibly some newbies are going to invest in yobit, but that's just how it is, some people just commit mistakes and let's just hope they'll learn from it.

Yobit has a bad record of either suspension of account or acamming money somehow. On the other hand, it has also created a shit posting campaign for the forum. I would rather stay away from yobit.

You have to realise that IEOs on yobit have nothing common with real projects. Most of people realise risks and sell coins immediately on a 1st candle.
I have lost my money on IXI ,but I knew risks and potential profit was bigger

Yes, investors need to be very careful because there are much fake exchange creating their own IEO's in order to collect the fund from the people, so we have to watch them carefully because we should always go with the exchange which has the ability to choose the right for listing IEO.

IEOs on yobit have been created by yobit itself and so many times yobit created shitcoin and ponzi coin like yovi. This exchange site is a scam exchange site. I remember so many craps have already died because yobit move to its new coin and forget the old one like trump coin and yovi.

That classic trump coin, I still remember it as I was actively using yobit in the past.
Actually from time to time I'm still using the site, but to be honest, I don't trust their IEO and I can received messages of notification on a certain IEO but I just disregard it since there's better sites that produces better results and we can ensure it has a long term value.

Their invest box plan says its not a pyramid or ponzi but when someone giving profits based on how much we are investing might be ponzi,once we invest on it they will rerule that we can't take our capital money but the profits can be withdrawn and even they will take part of those profits in the name of withdrawa fee since they have insane high fee for everything.

They were marked as branded spam campaign in this forum itself 2 months ago.

This Yobit exchange is the biggest scam involved and famous exchange on crypto industry. I am not sure how still they are getting users for their exchanges.
Then they are doing giveaway with new listed tokens on their platform for certain limits of trade. Not sure what they are doing now.