Bitcoin Forum

Link of Page: https://yobit.net/en/investbox/

They promise to pay 0.02% a day on BTC, daamn, Means i invest 5 BTC and i can get 0.3 BTC a month??

Is it true?? Or a Scam??

At first, i'm not related with yobit and not in to endorse yobit, but let the picture talk

https://i.imgur.com/yJHbvuv.png

I invest 62 LTC with 0.2% interest rate, and until now i got around 69 LTC but now yobit reduce their LTC interest rate

I invest 4.3 BTC in yobit and got 0.2% daily interest.

When i closed investment, i got all of my coin and and also with interest. So far it still interesting and safe

Well, let me put it this way.

0.2% per day is 73% in a year before compounding.  No traditional investment will promise to give you a specific amount ever unless they are a scam.  In cryptocurrency where the market is volatile, they are certainly a scam.

Now consider compounding.  Your 5 BTC will not be worth 73% more than you put in after a year because it will compound each day.  This means that in a year you will have 10.35 BTC, in two years you will have 21.46 BTC, and so on.  If you were to leave your BTC in there for 20 years (figure out how to calculate compound interest), you would have 10,776,294 BTC, more than half of the amount that could EVER be created.

Does that sound like a safe investment to you?  All the information that they give about it is that all that money comes from a "special fund".

---

It might pay you.  It might pay you for quite a while.  But sooner or later, it will steal everyone's money.

I  think it is good enough . Because i have been making transactions on that. Just believe that nothin will happen. We need to use our instinct sometimes because it might help us when it is time. Just invest the money that you may afford to lose, dont invest all your moneys. Just save when you have your profit already.

I wouldn't trust my BTC on a smaller exchange over the course of years. Too much can change in that amount of time. They do have a lot of coins listed though, which is nice.

I've used Yobit for a couple of years now,  and I've never had any problems--but I wouldn't trust this, because it totally smacks of ponzi scheme.   Anyone who promises that rate of return is not doing it in a kosher way, so no, I wouldn't do this.  Doesn't matter if people come here and tell you they made money and were able to withdraw it.  Early in the ponzi scheme,  that can happen.

Damn, yobit.  I'm starting to get a real bad feeling about these exchanges,  all of them that aren't regulated, and yobit is one of them.  I've no idea who runs it or even what country they're in.

Yobit's investment scheme? No, it's no different from other ponzi - HYIP that are promoted.

Be sure that you'll just use them as trading platform and not into their investment program. I wouldn't suggest you to put bigger amount, if you really want to try it out, see for yourself.

But we warned you.

This is the comment summarizing all the truth behind it. I was gonna write the same things. You cannot trust a exchanger to get btc interest. Soon or late, they will face problem to make your payouts. Stay away from this type of things.

Agree with all of you, this is something weird. I dont know how they generate income to pay investor, they only told us that they have special cost.

Even they have special cost, they got from dice, transaction fee, or etc. I also tried to make new doge investment plan and got warning "Doge coin must be equal with 5 btc" which mean investor planer very possible wont get ROI.  So be carefull with this, i'm just worry if someday you can not withdraw btc from yobit

So what and where to invest then so that i can get daily benefits. I have lost much money in scams and hacks, recently someone ripped me with 200 LTC and 20 ETH, Now what i have left is ~5 BTC and i want to recover my losses/ Please help.

That right. Trading with yobit is fine and a good to practice there as there many altcoins and shall we say shitcoins. But trade only in small amount just to be familiar with trading. When it is investment, be sure to scrutinize and evaluate efficiently.

Stay away from the Investbox. Its like investing in HYIP.

Yap, though there are a lot of problems existing in yobit when it comes to withdrawal as many are complaining.

I haven't had issues with them but when it goes for their invest box I will not going to put my bitcoins on risk.


Just don't invest in HYIP and do trading alone.

We dont know since theres one who do made some words and tried out that investment box but for me it would really be risky to put up huge amounts.If you do really like to earn  on that way then just put on the amount that you can afford to lose up. Im done with Yobit exchange i have experienced horrible situations on them this is why i wont really trust them again as of now.

Is it 0.02%? That means that they will pay you around 7.30% per year. The amount is definitely not that high. And furthermore, YoBit have been around for quite some time now. There is no reason not to trust them.

You cant say that since you dont able to experience things that yobit do give. Try to use their service and you will surely find out what i mean.Yes,they are quiet around for some time now but i dont really trust their service but well its your own choice though. 7.30% isnt really high at all if you are basing on annual income but if you do make compounding it will surely give you some good returns.

It is a good investment i wanted to invest in a ico through eth but there was still a month left for ico to start. I invested 10 eth for 30 days for few days there was no coins but i earned 0.45 eth in 30 days which isn't bad at all don't totally depend on it don't plan like keeping all yout funds for a year keep high amounts but only for short period.

I invested small investment in yobit investbox and only for shortterm. I am more interested in trading on rich exchange than investing, because by trading can provide better returns.

This is cool profit!
I want too..

yeah, picture really interested right? be careful with this, no one can give you guarantee

You will get lots of pictures like that right now and they are actually paying but no one knows when they will scam you. It is a same old strategy of every scamming company. So be aware and invest what you will not mind if it lost.

What I don't get is why they'd run a ponzi as part of an exchange. Running a standalone ponzi is one thing -- once you decide to cash your victim's coins out you just close shop and that's it. But those guys are supposed to be running an exchange? An actual business? They'd need to shutdown their entire operation if they were to scam people on the investbox money, since people wouldn't even use them for trading anymore?

yobit's been around a while, I mean, they've had problems in the past, but just about any operation will. I've been gone from the forum for a while now so this investing option they have is news to me; however, as stated above, 7.3% interest apr doesn't seem all that unreasonable, although I must admit it seems a tad high for being generally risk free (to my understanding, correct me if I'm wrong, I haven't read their announcement post on this, if someone could link that for me that'd be much appreciated).

i think its true but you need to be careful if you want to use your money to investing with them. i think this is a new thing for yobit so we should be aware for this. don't place big amount if you are not sure with the programs so you don't need to worry if somehow the program is scam you. i think its better to try with poloniex because the rate can change every time so you can get better rate for couple day.

Yobit has been operating for years now, even though their customer support is pure BS i don't think that we can classify them as a scam exchange. They are an extremely shady operation yes, but not just outright scam.

But this investment plan that they offer is 100% unsustainable.

The fact that they don't tell you how they are going to spend your investment to gain that type of profit is just a dead giveaway. They are likely to be running a ponzi scheme and when the scheme collapses yobit will go down with it because this investment is backed by yobit.

0.2% a day for bitcoin is just ridiculous. Even leveraged casino bankrolling won't get you that much.

So far it is still paying and yobit got a big reputation, if the sites scammed then the exchanger will also collapsed, I dont how long yobit can pay the investors and how the sites able to pay the investors, if you are not ready to lost the money then don't put your money in there

It's absolutely true that yobit is one of the great exchangers of today. But easily an altcoin into the yobit list makes yobit slightly less desirable. Maybe lax system administration in yobit make a lot of the best developers do not invest here. But if yobit still pay then use continue, because you will get chance if in yobit. Because yobit is a service provider to trade, we are free to choose whatever we want.

Lets talk about yobit first and then its investment scheme. Yobit is a good exchange website but with lots of shit coins in their crypto currency list.
There are lots of people who trade on Yobit regularly. So far Yobit is a good website for trading. It promises to give certain percentage of interest on its investment scheme which differs from coin to coin. I had investment some DOGE in its investment scheme 2-3 times and i had received my interest with capital on closing. So it gives what it says but as you know everything in crypto is risky so its upto you what to do.

Seems like a scam to me.

I have been using for litecoin and bitcoin for a month. It does work. 2% daily for bitcoin is a good rate that will slightly more than double your investment in a year when compounded. Suggest only invest in coins with volume as you may have problem exchanging back to bitcoin if there are no buyers.

Did you mean that you have 10eth in yobit site. I have noticed some people invest in yobit and getting their profit interest 0.2% from them without the problem. Henceforth, you can check the traders who have been part of the site get the exact information about it.

Yobit investbox pays out interests correctly. But it is although important to take care of coins that are listed there. If interests are unrealistic high, then only for the reason that they are sold. When you do a little research on the market, then you see that some new cryptos (of course not all) are on the market with a price of one satoshi and with low movements. So i guess, they are only baught by investors, who want to get the high interests.

There was discussion about that in one thread. They offer us really good %, imagine daily 0.2%, in 100 day you will get 20% return and in one year you get 73%. Who the hell cares about working, just invest in yobit and your life will be amazing (joke of course). Guys if this would be microsoft, I would trust but yobit? No way, no one will work for you and give so huge percent, it works for now but many people will cry if they invest here.

Damn mate, you almost got me there. As everyone says that yobit is untrusted, if they will change the minimum amount into 0.0001 BTC then I'll give it a shot.

You don't understand how things work. It's not that they will give you a certain interest rate for an infinite amount of time ~ they'll pay out as long as there are coins left to pay out with.

If there are no more coins left to pay people with, then obviously you won't get anything. It's funny how people believe this is something supposed to last for a long time.

If that was Yobit's intention, and they advertised with that as their main benefit, then it would be an obvious scam. In this case, Yobit is just trying to attract newbies ~ nothing wrong with this.

Can you trust them? Well, that's for anyone a personal matter. I think it's a complete shit exchange, but that doesn't make them untrustworthy. Noobs love these exchanges due to the huge number of alts they list.

Honestly its risky to invest in yobit but since its an old trading site and still now its alive you can invest but i can not guaranteed that your bitcoin will be safe.. and yobit is well know super delay in support and look at the yobit account here in forum they are scam accusation and receive a negative trust from DT so if you want to invest without worrying about your money you can invest but i can not say that investing in yobit is safe..
Anytime soon that trading site can be scam and down. or that site can be legit but they are just delayed in support responds.

I've been gone far too long, didn't see they had open scam accusations. I've looked around, and even though their forum account has been online at the very least recently, it seems the complaints against them have not been getting resolved. I know their customer support is pretty terrible, but they've managed to resolve their issues in the past. until those issues are resolved and their intents behind this investment system are explained publicly, I'd advise against sending any coins to yobit.

In first place I don't believe in yobit investbox. But I'm seeing lots of proof around but they are not pretty convincing to me. I am actually very choosy when it comes to putting my money in hold with exchangers and that too with negative trust in between. Though they are paying according to some users but I believe it's temporary. No exchanger or service like that will be profitable for long time as bitcoin price is volatile and their interest rates are fixed. What if the price of bitcoin moves dramatically up and down, will they still be able to payback that much of money. I doubt so.

Okay, first of all let's just quote what yobit has said on their site:


If this does not ring warning bells for you already honestly i don't know what will. It is a tool for devs to promote their coins? Oh great, so are you saying that Dogecoin devs are paying 0.2% a DAY on investments just so that more people can use their coin? Or maybe bitcoin core is promoting bitcoin as well? And why are you already mentioning it's not a pyramid or HYIP? Nobody even suspects it, right???  :-X

Anyways, there is nothing you can do to find out where the profits originate from. What a "special fund" is is beyond my understanding of bitcoin businesses. It could be legit, but it's most likely a scam of the ponzi variety. It is likely that they will cite some unforeseen issue and close this down when the profits become too unmanageable.

I tried to reinvest in bitcoin today but received message stating there were not enough funds to make payment so funding was refused. If it was untrustworthy or a hyip my funds would have been accepted. Took a small risk on Bitok at 1% daily.

From previous posts, it looks like there are people making a profit out of it. But in the long term this interest rate is simply not sustainable. If you do not understand the math, a compound interest simulator can help you understand.

No it's don't scam. the give very low profit for investment and this part  made by user the user give profit by treading or anything. if you want you can also create new Earning plan in here. yobit just create  Investment Platform here. Youbit is good and nice treading platform. So why they want to scam.

Who will be don't want to treading the can invest here and earn money here without any worry some time you loss your money.

So think about it when you invest here.

btc no longer available for investment at the moment. litecoin available.

If you keep checking there, then probably you may get chances to invest your bitcoins too, when I checked last time I saw opportunities for bitcoins, litecoin, dogecoins and two more altcoins too. I guess yobit provides more such opportunity compared to other similar competitors.

When I tried with liqui's investment programs, all the required funds were filled up already, and I kept checking, but I never got chances to see any available slots.

btc available again

Rules are changed on the main coins. You have to play dice game 5 times per day per coin to get interest.

I wouldn't insist and push my luck for this type of investment with them. Actually I received an email from them and it's quite funny that they are making good with their name and aggressively defending that they are not HYIP.


Quite a type of marketing strategy.

they ask you to play dice, literally yell at your face that it is not HYIP etc. I personally think it is more like a safe HYIP that will not crash for a while, but eventually. It will.

I think it is going to close soon. They are asking lastly to play dice game many times in order to be able to invest your coins in the investbox, that's in fact very bad sign. So the safest thing is just staying away from this tool because it becomes very risky.

you only need to play 5 games with the lowest amount. like 1 satoshi per game. So there is no problem

At first it seems like to good to be true but I have witnessed it. I invest a few BTC  around 0.3 and easily managed to earn back a good interest in 1 month time frame. I have now withdrawn this sum from yobit quite safely. I guess this is safe because Yobit allows this funds solely for credit purposes to other traders over the exchange so there is no risk of transferring this money out of yobit's jurisdiction. I found it as a good way to earn money.

But I think you are a bit wrong with calculation. It would be 0.03 a month not 0.3.

Why you made this shit off topic reply here. You digged dead thread which is been given answers and explanation by the many others. If you want farm your account you please go to off topic threads.
You will be able to make the more threads same kind of your reply here. Your post might be also deleted by the moderator also. Op could lock this thread now.

I am a regular YoBit visitor, but for now I only follow prices for crypto there. I have heard about their invest box, but I was ignoring it till now. After I red all those comments I am ready to try this too. Wish me luck!

Yobit is a shit site as it is filled with shitcoins all over the exchange. I had been using Yobit since 3 years and it never gave me any problems until recently I lost all my BTC in it. I had invested around 0.035 in the investment platform and I had around 50 satoshis in the wallet. I had been offline  for 2 days and then when I logged in my BTC wallet was empty. I was quite fortunate that my money in the invest platform didnt vanish and all I lost was just 50 satoshis but this shows how risky it is to keep your coins on such exchanges. So be careful while investing your money.

Investbox itself isn't scam, although I am wondering, why they implemented the condition of betting. But I invested in shitcoin with high interest,, that was in the result worthless. But that isn't yobit's fault.

That is legit, i have investment there before but time comes that i need to full out my investment because i really need money that time. When i do withdrawal i get all my capital and my income that is why i can say that is legit and safe to invest. I am planning to reinvest again there when i already have extra money again, I love to trade cryto currency in yobit.net.

Your ideal is just a prediction, not the right informations . It's really hard to tell which is the legal project, only time will tell.

When you do able to experience on using the site for sure you would able to say such things.They are not scam as of now since they are still operating legally but when you meet up problems regarding on their service and not being answered by their stupid support you would really yell that they are scam.I never tend to put up on their investbox no matter how good the rate is monthly or annually.

Exactly my thoughts as well.

If you are willing to take a risk and do this then sure. But just know that their business model is completely undisclosed. We do not know how they are making so much money, it could be from their trading volume, yes, but why would they even distribute free money essentially to their customers?

I stay away from yobit, especially anything offering 0.1% per day or more, with a shady past. It works now, doesn't mean it'll in future.

I see no sound reason to scary people with "SCAAM!". In case you consider all the possible consequences you can can invest a small amount overnight and run away with your 10% the next day. A common thing in the world of hypes and pyramids

Indeed there isn't a good reason for people to scream scam every time they have a problem, in all my time here yobit was and is one of the most hatred exchanges, so many times I saw bad things about yobit but they are still active and operating. About then I can say that they were always fair to me, maybe a bit slow, many times I had to wait for their response but I didn't had any bog problems with them, I still get mails from them about new coins they plan to list, and some announcements. Some people still love yobit and use it there are alts that you cant find on other place.

Many people are complaining about the yobit exchange but most of them are newbie only. I am using yobit for more than year and I never faced any problem for withdrawing and depositing.

The problem with these newbies is that they quite often try to sell their through bounty and giveaway obtained shitcoins, and more often than not these coins end up being put in maintenance mode for a long while.

If you just limit yourself to use the coins with the best and safest possible networks, you don't have to go through all the problems most noobs there are heavily complaining about. It's just a matter of logical thinking.

Yobit, regardless of how much of a shitcoin exchange reputation it has right now, should delist at least 50% of its portfolio. There are so many coins listed with lower than 0.05BTC in volume for so long now, that it's an utter joke.

The less of these shitcoins they have listed, the less complaints there will be regarding Yobit. It's useless garbage. The operator just needs to realize that.

Hey, hey, easy. Schoolboys need an instrument to create legendary pumps, thus they will be distracted from marijuana and cheap beer

Just don't invest in HYIP and do trading alone.
[/quote]

Just doing my research before sticking a couple of dollars into the invest box for some 5% return daily, just testing waters, now this got my attention. I almost purchased some lambo coin, well because of the name, i know it is a shitcoin, and it has no real world value, but have you seen the price today, 8btc for one lambo coin.

saw the chat going while when it was a mear few satoshi, was going to get 1000 just for fun. I not laughing now I tell ya, I not laughing now. this is the second time its happened to me where I felt like getting a coin but didn't because i saw almost 10% gain buying and transfering to sell at another exchange.

It's more expensive than BTC itself, WTF???

Maybe because it's Lambo  :D

there are currently 4 altcoins that are worth more than bitcoin, it used to be more than this (if i recall correctly it was around 10-12 coins). they usually are worth more because they have a ridiculously small supply so 1 coin of that altcoin worth a lot more.
for instance Bit20 is worth $336000 because there is only 1 coin available!
same with NANOX which is worth $70000 and has 0.078 coin (not even 1 whole coin!)
42-coin $28000 with only 42 coins
bitBTC $8500 with 52 coins

Just wow. I thought those coins with low circulation would be pretty much useless (like those ICOs which promised the earth but ended up getting dumped).

TIL some shitcoins could reach beyond the moon  :o

it's been a long time ago since I make an investment in yobit and in that time, it really works well for me and I can take a nice profit but unfortunately, I don't know what will go on for now because I am not investing in yobit anymore. until I find that poloniex is better than yobit and I move my funds to poloniex and make an investment with them and in poloniex, I can have many options of coins for investing and I don't have to check in every day because I can use monthly for the term of the investment.