Beware of YoBit exchange everyone

[richan]

A lot of complaints on YOBIT exchange on this forum but I have successfully traded about 3 to 4 times on it without any issues in depositing or withdrawing. I think the people making those complaints are the bad guys and YObit is not letting them get their way through hence they tend to tag them as scam.

[christofyler]

That a bad news i taught Yobit should be a good exchange but the report am getting about them makes me feel terrify... That why it not always advisable to keep your coin in any how exchange we really need to be careful scammers are now using different means to cheat people.

[West0813]

I also trade in yobit but i am very thankful that i traded safely. If yobit is really a scam. Then why there are still many people trading there. I think you should be careful if you trade on yobit.

[Indrawan77]

That a bad news i taught Yobit should be a good exchange but the report am getting about them makes me feel terrify... That why it not always advisable to keep your coin in any how exchange we really need to be careful scammers are now using different means to cheat people.

Yobit has been reported so many times due to many problems, people categorised yobit as a bad place to trade, the customer support really terrible, it's not a scam exchanges, but it got a bad reputation, I traded a lot of times in yobit and still fine, but people still need to be careful, don't put too much fund in the exchanges

[Lucius]

Yobit has been reported so many times due to many problems, people categorised yobit as a bad place to trade, the customer support really terrible, it's not a scam exchanges, but it got a bad reputation, I traded a lot of times in yobit and still fine, but people still need to be careful, don't put too much fund in the exchanges

YoBit have one big problem and that is their support which actually does not exist, so if you have any problem on this exchange the probability of successful solving for user is very small. In case when user is insists they just block him and solve problem in this way, since they do not take care of their reputation we can only expect even more cases like this.

The conclusion is very simple, it is best to avoid this exchange - especially with big deposits, there are many good crypto exchanges for trading with far better user experience and much better reputation.

[onrise]

That a bad news i taught Yobit should be a good exchange but the report am getting about them makes me feel terrify... That why it not always advisable to keep your coin in any how exchange we really need to be careful scammers are now using different means to cheat people.

This is not a good news for the Yobit and users if it happens to users. Just sometimes when the exchanges become big they cannot manage it due to too much work or unable to handle such huge work. Then this exchanges take the customers for granted and in between this give rise to other exchanges to grow and create better services than what yobit might be giving.

[1Referee]

I also trade in yobit but i am very thankful that i traded safely. If yobit is really a scam. Then why there are still many people trading there.

People trade on Yobit because it's one of the very few exchanges with fairly decent volumes (not sure how much of these volumes are fake, probably a lot) that keeps listing utter shitcoins, and one of the very few that still doesn't want to implement any sort of verification policies. In other words, the noobs trading there have not much of an option other than to stick with Yobit.

I think you should be careful if you trade on yobit.

I think, or more precisely said, I know for sure that Yobit will eventually implode out of nothing. It's either going to run off by itself, or be shut down by authorities to become the next BTC-E/WEX that will soon yet again implode. Don't play Russian roulette with your money.

[dunfida]

I just want to warn everyone.  YoBit blocked my account for no reason.  They now ignore me and basically stole my funds.  There are way too many good exchange to use so BEWARE.  I reported some strange price activity and they blocked me.  NOT A GOOD EXCHANGE TO INVEST WITH.

Binanace, Cryptopia, Coin Exchange, STEX I have had no issues with and no strange pricing activity.

Just sharing to help everyone out there.

I would ask you this. Why did you tend to use up this exchange? yet you are already suit yourself into top exchangers and now you tend to use yobit directly without even making a single google search about the reputation of this exchange.Just try to type Yobit scam and you would see on your very own eyes on how many issues do have this exchange even upto these years of operation.No proper research would lead into a costly lesson learn.

[gopherberry]

Well, if multiple complains come about any single site or institution, then it would be better to avoid it or at least become very aware about it. It might also be a duplicate scam site. So if such accusation arrives, then it's really tough luck.

[Slow death]

I think the people making those complaints are the bad guys and YObit is not letting them get their way through hence they tend to tag them as scam.

Dude, you need to wear glasses because I do not think you're seeing very well. Do the following:

- Seek an ophthalmologist to treat your vision
- search google: yobit scam

you will have the answer

I saw many posts regards in yobit in this forum that yobit is an scam exchanges but I used it sometimes and don't have any problem but maybe because I only have few assets in yobit and only users that have high assets in yobit are having problem on that exchange.

When you have problems, you will remember that you were warned not to use yobit

wierd. I have no isses so far with yobit. ( even when i sold massive amount of dimecoin this january)

Again: When you have problems, you will remember that you were warned not to use yobit

I received such an e-mail ... And to be honest, I find it a little ridiculous))

These guys still can't get enough.  I'm sure one day they will collect the maximum contributions from the users of the exchange and will "disappear" by chance. They are so well thought out that they cannot be held accountable ...

and ridiculous that they say: Sincerely yours, Team of Yobit.Net

Team of Yobit.Net?

a team that never answers support tickets? a team that does not fix people's problems?

[Oilacris]

and ridiculous that they say: Sincerely yours, Team of Yobit.Net

Team of Yobit.Net?

a team that never answers support tickets? a team that does not fix people's problems?

They are active on sending out reminders or promotional emails regarding a certain ICO or any other things but they dont have the time on answering people or users who do have problems on the site.
I cant see a reason on using up this exchange once more.

[BitHodler]

and ridiculous that they say: Sincerely yours, Team of Yobit.Net

Team of Yobit.Net?

a team that never answers support tickets? a team that does not fix people's problems?

It's quite interesting how Yobit has been more than consistent with providing no support at all, even way before last year's bull run. That's a clear sign they have never cared about their user's problems.

They can choose to dedicate their time to extorting users, or to help them solve their problems, and it's clear which option they chose to go with. People should be blamed for using this exchange, and not Yobit itself.

By not solving problems Yobit aims at people to at some point give up on their account and leave for good, which means that in case people had some funds in their account, it's pure profit for Yobit now. That's how scammers work.

[Larssoneos02]

Well,that's very unfortunate. Should I not sell or trade my coins at yobit? This requires a bit of thinking.

[StephanHofmann]

Thanking you for the warning. A lot of investors have already complained against this coin. So, it is safe to say that it is a scam and all the investors should avoid it.

[Mikeschmitt]

As there have been multiple complaints regarding YoBit it is wise to be careful about them and any other that might seem suspicious.

[ZoranLOP]

There are a lot of scams in the crypto market. Gotta keep your eyes open. Thanks for the warning and please provide more information about them.

[Slow death]

By not solving problems Yobit aims at people to at some point give up on their account and leave for good, which means that in case people had some funds in their account, it's pure profit for Yobit now. That's how scammers work.

this is because they are anonymous and the news channels do not post news talking about the bad services that yobit provides, but people have settled for this situation and it is as if it were something normal

So, it is safe to say that it is a scam and all the investors should avoid it.

yes

As there have been multiple complaints regarding YoBit it is wise to be careful about them and any other that might seem suspicious.

hitbtc is other suspicious exchange

Should I not sell or trade my coins at yobit? This requires a bit of thinking.

just go to google and search for: Yobit Scam

[Quidat]

I guess, one will never stop using Yobit when they dont encounter any issues yet. Its not bad to try a service when you put small amount only. But, its really different when that particular exchange recieves too many bad reviews, worst thing was it has a lot of scaming issues from the past up until now. Well, its really good to see that the OP has included a list of good exchange to start a good trade without the inconvenience of being scammed by the exchange itself.

[Capt00]

I guess, one will never stop using Yobit when they dont encounter any issues yet. Its not bad to try a service when you put small amount only. But, its really different when that particular exchange recieves too many bad reviews, worst thing was it has a lot of scaming issues from the past up until now. Well, its really good to see that the OP has included a list of good exchange to start a good trade without the inconvenience of being scammed by the exchange itself.

Much better we avoid using that kind of shady service exchange, since last few months, I saw many reports on this exchange complaining their freezer amount not to be withdrawn. As a member of bitcointalk we have can take advantages by reading those post on what their problem regarding that shady exchange. I don't know why there are some people here that still wearing yobit signature, that they know their promoting project not good in service, shame on them.

[mybtc001]

I'm trading since months on Yobit without problems.
I have experience also with Cex, Exmo, Coinroom, Livecoin, Bittrex, Cryptopia and I can say that I prefer Yobit because the are are many trades in comparison to the others.