Why do people use bad exchanges like YoBIt?

[apityeh71]

Because people who used Yobit does not make research which the better exchange, and Yobit exist already in the market long times ago. Also Yobit has other program that can atrack member like their investment box. Personally, i dont use Yobit and i prefer to use others better exchange like Binance, Huobi, gate.io, Kucoin, Bittrex.

[kaizerblitz]

Because of arbitrage it is natural act of buy on low price on yobit exchange and sell on your coin to other exchange like bittrex or i think the pump and dump group signals on Telegram there are usually give buying signals on yobit that's why there's a lot of trader on yobit.

[Scallywag]

sometimes the coins they want to trade are only available there, most of the time is i think that they don't know better. because i think most people here know to avoid yobit like the plague.

[mudasarali43]

I think they use bad exchanges like yobit because they are new and they think its good to start with this type of exchange and have a mind they are doing good,

[maximrussky]

Usually in this situation there are several types of people. One of these is of course beginners. I myself when I was a beginner in crypto currency, I always used only YOBIT.

[muncuss]

Advantage of yobit, it has better price. In bad exchange, sometimes coin is get pumped or dumped hard, and then price difference in other exchange is big. then you can take this chance to buy cheaper/sell in high profit.
Yobit is heaven for arbit trader

[FsJsxy]

Because the coins that are traded there can give 100% profit in one hour ... They have a small capitalization and are easy to pump.

[feelideb]

I will like to say there is no good or bad exchanges, individual experience make it so. Another thing to consider when there are question of people sticking to one exchange might be the getting use to factor. Sometime, you're just used to certain exchange.

[johnwest]

I guess the major reason will be that some coins are only on these exchanges, common people may not know but exchanges ask a hefty amount to get your coin listed on them so smaller coins or those who dont wanna pay that will get into these exchanges.

[trexbtc]

Because there are many coins with a small capitalization. There is a chance that the coin you bought there will grow 10 times in just a couple of hours. So this makes sense.

[nydiacaskey01]

Some enterprising developer might have selected Yobit as their exchange platform of choice. Other sites might be asking for big amount of money for their coin or token to be listed in their site. Yobits asking price for the coin to be listed might be low compared to Bittrex, Binance. If its exclusively listed there, then no choice but to use their platform.

[Xardasim]

The main reason is that the coin you are looking for is only found in that exchange.

I think they use bad exchanges like yobit because they are new and they think its good to start with this type of exchange and have a mind they are doing good,

You might be thinking wrong. I mean, beginners want to use high quality exchanges that are much easier to use, because everybody is afraid of losing his money when he starts. One other reason is lower quality exchanges an ideal choice for to using illegal purpose.

[darkangel11]

I also had no issues with Yobit. People are saying its a greedy exchange that list scam coins, but I've used them a couple times and everything was fast and smooth. I don't really care about the owners and their attitude, they can list whatever they like. They aren't forcing anybody to use them, you always have a choice.
As for the reasons for using them, they are fast and not afraid to list coins right after launch or even before it. This at times makes them the only place to trade certain coins.

[ene1980]

Because of arbitrage it is natural act of buy on low price on yobit exchange and sell on your coin to other exchange like bittrex or i think the pump and dump group signals on Telegram there are usually give buying signals on yobit that's why there's a lot of trader on yobit.

Yobit is the only site used by pump and dump groups as there are many coins only listed in this exchange mainly aimed for pump and dump and many got scammed because of these coins as they hype the coin in the chat and then pump the coin and shows volume and when new users learning to trade usually fall for these scams.

[Mahanton]

I also had no issues with Yobit. People are saying its a greedy exchange that list scam coins, but I've used them a couple times and everything was fast and smooth. I don't really care about the owners and their attitude, they can list whatever they like. They aren't forcing anybody to use them, you always have a choice.
As for the reasons for using them, they are fast and not afraid to list coins right after launch or even before it. This at times makes them the only place to trade certain coins.

You would able to say such thing because you havent experience any issues but once you experience delays then you will curse this exchange for sure.They are still operational nowadays and doing the same stuff listing out coins so easily which is really an advantage but rather do have also its disadvantage.Easily listed but also coins can easily be manipulated and we have seen there are lots of shitcoins and deadcoins as well.

[no0dlepunk]

What's the reason for using a low-quality exchange like yobit? There are so many other exchanges that allow for no verification (like binance) that I don't think there's a real straightforward reason to use yobit. I don't see them even having any good qualities.

Could someone explain?

I use your so called "low-quality exchange"s because from there I find trash coins where people normally pump and dump. I buy cheap tokens and wait for a handsome pump and then sell it for profit. Anyway, I do not store money or bitcoins overnight there, I withdraw them back to my wallet.

Keep in mind that no matter how trashy an exchange could look like, there is always money to make from it. I use them to sell 808s. ha ha ha!

[cheezcarls]

What's the reason for using a low-quality exchange like yobit? There are so many other exchanges that allow for no verification (like binance) that I don't think there's a real straightforward reason to use yobit. I don't see them even having any good qualities.

Could someone explain?

So far, Yobit is one of the most popular cryptocurrency exchange platforms up to date. I even use it to trade my FAITH to BTC, and it works smoothly. I have no problem using Yobit, as they seem to be quite simple and reliable. Especially when it comes to depositing and withdrawing, the transactions work smoothly. The only thing that I want them to improve is their customer support response time rate. That’s their weakness for now, and they should be doing something about it.

[flower1024]

What's the reason for using a low-quality exchange like yobit? There are so many other exchanges that allow for no verification (like binance) that I don't think there's a real straightforward reason to use yobit. I don't see them even having any good qualities.

Could someone explain?

So far, Yobit is one of the most popular cryptocurrency exchange platforms up to date. I even use it to trade my FAITH to BTC, and it works smoothly. I have no problem using Yobit, as they seem to be quite simple and reliable. Especially when it comes to depositing and withdrawing, the transactions work smoothly. The only thing that I want them to improve is their customer support response time rate. That’s their weakness for now, and they should be doing something about it.

it depends on personal experience maybe OP had a bad experience in yobit. usually, people prefer to trade in Binance and Bittrex but most of the thrash coins will list in yobit and hitbtc so we don't have other option we have to use these exchanging sites. in any business customer support is important then only customers will use their services.

[metribitcoin]

Yes i see many people complained with Yobit, i never use this exchange since i know many people said they has bad reputation,  i prefer use others like Binance and Kucoin. Can be many trader use it because this.exchange operated acouple years and many people thinking that legit and trusted  exchange. They should make research again to find better exchange and  to be more safe in trading activity.

[AK47-]

YoBit is not really as bad compared to some other exchanges. I have traded on some really shitty exchanges and I had to do it because those coins were not listed elsewhere. The main motive of these exchanges is to list as many coins as possible so that they make maximum profits out of the commissions. Their shitty user experience doesn't really bother them because they know that users are helpless and have no other place to go. So unless you have a coin which is exclusively listed on YoBit, you do not really have a reason to visit them.