Yobit: withdrawal/deposit not working (and they don't care)

[Dâniel Fraga]

What I think is interesting about Yobit is that certain wallets like Bitcoin, for example, are always working, while some altcoins have problems.

At this moment, the following wallets aren't working (and this is a very short list since I'm not trading most of the coins on Yobit because it's completely unstable):

NLG: the answer from Warden is that the source code wouldn't "compile". I replied to him showing the NLG README information how he can fix it and until now, NLG is under "maintenance". Even the NLG authors complained Yobit simply doesn't care:
https://bitcointalk.org/index.php?topic=1577392.msg17273868#msg17273868

INFX: I can't withdraw. They simply put a warning: "transfer from cold storage" and left the message for days without any answer from the support or some attitude to fix the problem. Maybe a case of "fractional reserve" (which would be a disaster)?

BTS: missing deposit... No reply from the support.

So the only way to use Yobit is if you know somehow which wallets are working and which wallets aren't working (and you can't trust the status on the page, since some coins with active status will not work at all).

***

If Yobit did the right thing and acted in a professional way, they could gain a lot of users, but the way this exchange is administered, they'll be stuck at the current volume forever (if they don't lose volume and users over time). Yobit today has less volume than, for example, Livecoin (which has 10x less coins). It's unbelievable someone took a lot of effort to build an exchange, write the interfaces etc and simply is unable to operate it in a reliable way. They could gain a lot more money (with a much higher volume) if we could at least trust them.

On the other hand, if they do this on purpose, then I'm just wasting my time waiting for them to act in a way they will never act (although I still don't understand how someone can gain a lot more money acting in a honest way (attracting more users and volume), but prefer to just provide an inferior service gaining some bucks here and there over missing deposits and withdrawals). Non sense... Look at Poloniex and see the volume difference. Yobit could have the same volume as Poloniex, but if the same problems remain, it will never happen.

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[spartak_t]

Most of the exchanges lost their integrity and YoBit is a perfect example. I thought that they're working on improving their services, but this is what happens, when you have 1000 shitcoins listed on the exchange. Of course, some of them don't stand a chance to be listed on exchanges like Polo and Bittrex, but what at least they can do is making themselves look a bit better (i.e. sum up some ideas, plans etc..). I'm not following exchanges lately, because I'm not trading, but I think that currently only Bittrex kept their integrity. This is why they struggle with the volume. People are in for the money and that's it...

P.S. Not sure, but I think that YoBit is with larger daily trade volume than Livecoin.
P.S.2. YoBit would never surpass Polo...

[BrlTrader]

What I think is interesting about Yobit is that certain wallets like Bitcoin, for example, are always working, while some altcoins have problems.

At this moment, the following wallets aren't working (and this is a very short list since I'm not trading most of the coins on Yobit because it's completely unstable):

NLG: the answer from Warden is that the source code wouldn't "compile". I replied to him showing the NLG README information how he can fix it and until now, NLG is under "maintenance". Even the NLG authors complained Yobit simply doesn't care:
https://bitcointalk.org/index.php?topic=1577392.msg17273868#msg17273868

INFX: I can't withdraw. They simply put a warning: "transfer from cold storage" and left the message for days without any answer from the support or some attitude to fix the problem. Maybe a case of "fractional reserve" (which would be a disaster)?

BTS: missing deposit... No reply from the support.

So the only way to use Yobit is if you know somehow which wallets are working and which wallets aren't working (and you can't trust the status on the page, since some coins with active status will not work at all).

***


If Yobit did the right thing and acted in a professional way, they could gain a lot of users, but the way this exchange is administered, they'll be stuck at the current volume forever (if they don't lose volume and users over time). Yobit today has less volume than, for example, Livecoin (which has 10x less coins). It's unbelievable someone took a lot of effort to build an exchange, write the interfaces etc and simply is unable to operate it in a reliable way. They could gain a lot more money (with a much higher volume) if we could at least trust them.

On the other hand, if they do this on purpose, then I'm just wasting my time waiting for them to act in a way they will never act (although I still don't understand how someone can gain a lot more money acting in a honest way (attracting more users and volume), but prefer to just provide an inferior service gaining some bucks here and there over missing deposits and withdrawals). Non sense... Look at Poloniex and see the volume difference. Yobit could have the same volume as Poloniex, but if the same problems remain, it will never happen.

First of all I really enjoyed your comment, now I would like an information if your case can help. I made a withdrawal request on Yobit about 10 days ago and so far it has not been processed, the message "Transfer for cold storage" appears, the support does not respond to me in any way. Do you have any idea how this can be solved?

Thanks

[Dâniel Fraga]

Most of the exchanges lost their integrity and YoBit is a perfect example. I thought that they're working on improving their services, but this is what happens, when you have 1000 shitcoins listed on the exchange. Of course, some of them don't stand a chance to be listed on exchanges like Polo and Bittrex, but what at least they can do is making themselves look a bit better (i.e. sum up some ideas, plans etc..). I'm not following exchanges lately, because I'm not trading, but I think that currently only Bittrex kept their integrity. This is why they struggle with the volume. People are in for the money and that's it...

P.S. Not sure, but I think that YoBit is with larger daily trade volume than Livecoin.
P.S.2. YoBit would never surpass Polo...

I agree. the irony is that Yobit could do a much bigger volume if they did the right thing. Unfortunately I don't see any solution for Yobit. It's simply better to not use it.

[Dâniel Fraga]

First of all I really enjoyed your comment, now I would like an information if your case can help. I made a withdrawal request on Yobit about 10 days ago and so far it has not been processed, the message "Transfer for cold storage" appears, the support does not respond to me in any way. Do you have any idea how this can be solved?

Thanks

Sorry, but unfortunately you lost your coins. The status "transfer from cold storage" will stay there forever, unless you're very lucky and they decide to honour this withdrawal.

That's why Yobit is completely unreliable. The support doesn't help and users just lost their coins.

It's better to just stop using Yobit and use other exchanges.

[btcdiggingmaster]

These things are happening with yobit every day because even many people are keep complaining about their withdrawals problems.I don't know what they are doing not only with withdrawals some coin listed in yobit we can't find them in coinmarketcap and their ANN also really very scary. Really yobit support people are not answering anything about withdrawals and even with deposits.

[SirSar]

Wallet status: Maintenance

Maintenance right after withdraw try.

Chat:
Wallet status: Maintenance
how long can it take?
dominikherzog: 30min-30years

30 years Karl! They don't even care about what people think )))