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Author Topic: Yobit paying for ads but wont pay signature participants  (Read 560 times)
Big Boobies talkinDoubleD (OP)
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August 15, 2019, 06:02:36 PM
 #1

Yobit has been running a lot of ads on coinmarketcap but they still haven't been paying people for their signature campaign.
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August 15, 2019, 06:11:56 PM
 #2

I guess the campaign ended after it received a ban of 60 days. Why would anyone keep using their signature in hope they get paid?

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August 15, 2019, 06:29:36 PM
 #3

I guess the campaign ended after it received a ban of 60 days. Why would anyone keep using their signature in hope they get paid?

They reopened it and also paid the participants but they can't able to move those rewards to the account balance and there ia no response from them for this issue.

But we can't expect a shady exchange to be loyal all the times.People should change.

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August 15, 2019, 06:32:14 PM
 #4

They reopened it and also paid the participants but they can't able to move those rewards to the account balance and there ia no response from them for this issue.

But we can't expect a shady exchange to be loyal all the times.People should change.
Did this really happen? Can you link me a thread/post/quote about this? I remember asking a few users that were in the campaign (and still had the signature after the ban) if the signature kept working and they said the payment bot stopped working.

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August 15, 2019, 06:32:36 PM
 #5

They reopened it and also paid the participants but they can't able to move those rewards to the account balance and there ia no response from them for this issue.
There were no such announcement from their officials. The user who created the topic clearly mentioned he was not a official if I can remember correctly. So, you can not blame YoBit for this.

Did this really happen? Can you link me a thread/post/quote about this? I remember asking a few users that were in the campaign (and still had the signature after the ban) if the signature kept working and they said the payment bot stopped working.
I am 100% confident that there were no official involvement in the forum after their 60 days ban.

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August 15, 2019, 06:59:57 PM
 #6

Yobit has been running a lot of ads on coinmarketcap but they still haven't been paying people for their signature campaign.
They never re-launched their signature campaign after they had been given a ban for 60 days.So why people do still join up the campaign if they aren't paying?
and also why not post on your yobit participant main account?  Wink

R


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August 15, 2019, 07:00:44 PM
 #7

They reopened it and also paid the participants but they can't able to move those rewards to the account balance and there ia no response from them for this issue.
There were no such announcement from their officials. The user who created the topic clearly mentioned he was not a official if I can remember correctly. So, you can not blame YoBit for this.

Did this really happen? Can you link me a thread/post/quote about this? I remember asking a few users that were in the campaign (and still had the signature after the ban) if the signature kept working and they said the payment bot stopped working.
I am 100% confident that there were no official involvement in the forum after their 60 days ban.
EVen before the ban there is no official statement from yobit,the same mysterious newbies created thread on service section and mentioned that yobit is launching their campaign.

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August 15, 2019, 07:04:01 PM
Last edit: August 15, 2019, 07:29:24 PM by AdolfinWolf
 #8

They reopened it and also paid the participants but they can't able to move those rewards to the account balance and there ia no response from them for this issue.
There were no such announcement from their officials. The user who created the topic clearly mentioned he was not a official if I can remember correctly. So, you can not blame YoBit for this.

Did this really happen? Can you link me a thread/post/quote about this? I remember asking a few users that were in the campaign (and still had the signature after the ban) if the signature kept working and they said the payment bot stopped working.
I am 100% confident that there were no official involvement in the forum after their 60 days ban.
Not on the forum, but i think that on their website they might have refreshed the signature page and send out a message to users/and or bumped it to their front page. (Don't quote me on this though since i only heard this from other users, can't confirm it myself.)

Also their page is still up. https://yobit.net/en/signature/details/ I mean the least they could do is add an update or 404 it. This just adds to the confusion.

But hey it's yobit afterall. I do agree, users should do their own due diligence.


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August 15, 2019, 07:22:23 PM
 #9

Also their page is still up. https://yobit.net/en/signature/details/ I mean the least they could do is add an update or 404 it. This just adds to the confusion.

But hey it's yobit afterall. I agree, users should do their own due diligence.

Of course they could do better job but again if you browse their website menu then you will not find any visible link to those pages. In that perspective those pages are hidden pages in their website.

~snip~
EVen before the ban there is no official statement from yobit,the same mysterious newbies created thread on service section and mentioned that yobit is launching their campaign.
I think after the ban and before the ban has total different story. Before the ban they paid their users and after the ban they did not pay the users which should mean that the campaign is not active. Some people are just taking chance even knowing the truth of not paying anymore but later they are complaining.

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August 15, 2019, 07:29:28 PM
 #10

Also their page is still up. https://yobit.net/en/signature/details/ I mean the least they could do is add an update or 404 it. This just adds to the confusion.

But hey it's yobit afterall. I agree, users should do their own due diligence.

Of course they could do better job but again if you browse their website menu then you will not find any visible link to those pages. In that perspective those pages are hidden pages in their website.

~snip~
EVen before the ban there is no official statement from yobit,the same mysterious newbies created thread on service section and mentioned that yobit is launching their campaign.
I think after the ban and before the ban has total different story. Before the ban they paid their users and after the ban they did not pay the users which should mean that the campaign is not active. Some people are just taking chance even knowing the truth of not paying anymore but later they are complaining.
There are some confirmation about the payment even after the ban,not sure where that thread is now.But it only lasts less than a week then people starts complaining about the issue which I said earlier.

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August 15, 2019, 07:36:33 PM
 #11

Yobit has been running a lot of ads on coinmarketcap but they still haven't been paying people for their signature campaign.
No one will place your ads without payment at first but you have to wear signature for one week and then get payed.
As mentioned, campaign ended. On another hand we all know what is yobit, promoting a shady exchanger isn't a good way. They were fair with campaign users when it was open recently but at the same time a company which doesn't let some of it's customers to withdraw, why won't just ignore sig campaign participants? (in future) Once you are shady, you'll keep using moments and be shady again.

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 MΞTAWIN  THE FIRST WEB3 CASINO   
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August 15, 2019, 07:37:13 PM
 #12

If they'd just fix their issuers and hire someone bounty manager here, they still can advertise in the forum and it could possibly earn the trust of the users. Yobit has been one of the surviving exchange since time. I can still see users wearing signatures of yobit but pretty sure they are not paid as well. I have chat yobiit support about it they were saying they are paying but checking my account the btc can't be send to my wallet.


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Findingnemo
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August 15, 2019, 07:48:13 PM
 #13

If they'd just fix their issuers and hire someone bounty manager here, they still can advertise in the forum and it could possibly earn the trust of the users. Yobit has been one of the surviving exchange since time. I can still see users wearing signatures of yobit but pretty sure they are not paid as well. I have chat yobiit support about it they were saying they are paying but checking my account the btc can't be send to my wallet.
They tried to contact yahoo when they got attention initally but they let the buzz about yobit to spread all around the forum and launched their IEO to make profits after that there is no intention from them to pay participants or manager so they just been silent.

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.Duelbits.
..........UNLEASH..........
THE ULTIMATE
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FANTASY
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August 15, 2019, 08:25:46 PM
 #14

Yobit has been running a lot of ads on coinmarketcap but they still haven't been paying people for their signature campaign.

AFAIK, payment was done first before ads will be placed on Coinmarketcap. On the other hand, not the case in the signature campaign so they can do sh*t about payments.

Even back when they are active in sig campaign here, that "blue button" of theirs is not always working. There's a user here who take the risks of staying in Yobit sig camp even not receiving payment for several months or I think that was over a year*. I don't know if that user got paid eventually.

If they'd just fix their issuers and hire someone bounty manager here, they still can advertise in the forum and it could possibly earn the trust of the users. Yobit has been one of the surviving exchange since time. I can still see users wearing signatures of yobit but pretty sure they are not paid as well. I have chat yobiit support about it they were saying they are paying but checking my account the btc can't be send to my wallet.

Nothing will change to their overall status even they hired a reputable bounty manager here. It will not change the fact of how unprofessional they are in general.

And prior to that, I doubt a reputable bounty manager here will accept the work.

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August 15, 2019, 08:44:20 PM
 #15

--

Nothing will change to their overall status even they hired a reputable bounty manager here. It will not change the fact of how unprofessional they are in general.

And prior to that, I doubt a reputable bounty manager here will accept the work.

in the previous campaign, they contacted yahoo62278 to be a manager of his campaign. He asks community opinion about that: https://bitcointalk.org/index.php?topic=5134119.msg50692188#msg50692188
Probably he can give you the right answer, whether they really wanted to hire a manager or they just wanted to improve their reputation.

In any case, we can talk whatever we want, Yobit campaign is bad or good, but I believe that their name is most used here in the last few months.

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August 15, 2019, 08:57:27 PM
 #16

Nothing will change to their overall status even they hired a reputable bounty manager here. It will not change the fact of how unprofessional they are in general.

And prior to that, I doubt a reputable bounty manager here will accept the work.
in the previous campaign, they contacted yahoo62278 to be a manager of his campaign. He asks community opinion about that: https://bitcointalk.org/index.php?topic=5134119.msg50692188#msg50692188
Probably he can give you the right answer, whether they really wanted to hire a manager or they just wanted to improve their reputation.

In any case, we can talk whatever we want, Yobit campaign is bad or good, but I believe that their name is most used here in the last few months.

I missed that. Thank you.

However, does hiring a reputable manager will really clean their name overall? What about the past and unresolved incidents*. Hiring a reputable manager will save the forum from their spam as we all know how good Yahoo handling campaigns but not the actual YOBIT (service, poor customer support, ICO shilling). Just my two cents.

Yes, there's always room for a change but without them, an official representative, that will directly participate here in the forum, it still difficult to build up a trust.  Anyways, this is an off-topic already. Apology.

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BC.GAME
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August 15, 2019, 09:42:18 PM
 #17

It was refilled a week or so ago, I guess the signature balance is empty again now but my posts are still being counted.  People on the other thread said this is normal for them.  For now I'll stick with Yobit since I've used their exchange for a long time and never had any issues.  Perhaps I'll change if another campaign opens up.
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August 15, 2019, 09:51:15 PM
 #18

It was refilled a week or so ago, I guess the signature balance is empty again now but my posts are still being counted.  People on the other thread said this is normal for them.  For now I'll stick with Yobit since I've used their exchange for a long time and never had any issues.  Perhaps I'll change if another campaign opens up.

your posts are still being counted because it does bot script. When you receive the latest payments for your signature from Yobit?

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BitBustah
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August 15, 2019, 09:58:00 PM
 #19

It was refilled a week or so ago, I guess the signature balance is empty again now but my posts are still being counted.  People on the other thread said this is normal for them.  For now I'll stick with Yobit since I've used their exchange for a long time and never had any issues.  Perhaps I'll change if another campaign opens up.

your posts are still being counted because it does bot script. When you receive the latest payments for your signature from Yobit?

Was like a week ago, I don't really check it too often.  Haven't been super active on the forum lately.  I think they only fill it up with a small amount every so often from what I've been reading about their past campaign.  I do think they have very sluggish customer service.  Takes a very long time to get a response from Yobit
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August 16, 2019, 06:46:57 PM
 #20

It was refilled a week or so ago, I guess the signature balance is empty again now but my posts are still being counted.  People on the other thread said this is normal for them.  For now I'll stick with Yobit since I've used their exchange for a long time and never had any issues.  Perhaps I'll change if another campaign opens up.

your posts are still being counted because it does bot script. When you receive the latest payments for your signature from Yobit?

Was like a week ago, I don't really check it too often.  Haven't been super active on the forum lately.  I think they only fill it up with a small amount every so often from what I've been reading about their past campaign.  I do think they have very sluggish customer service.  Takes a very long time to get a response from Yobit
If you again login to your yobit account,just try to move your earned bitcoins to the account balance,if you can be able to please confirm it here or else let us update here to know what is the status of yobit promoters.

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August 16, 2019, 07:40:14 PM
Last edit: August 16, 2019, 08:38:12 PM by BitBustah
 #21

It was refilled a week or so ago, I guess the signature balance is empty again now but my posts are still being counted.  People on the other thread said this is normal for them.  For now I'll stick with Yobit since I've used their exchange for a long time and never had any issues.  Perhaps I'll change if another campaign opens up.

your posts are still being counted because it does bot script. When you receive the latest payments for your signature from Yobit?

Was like a week ago, I don't really check it too often.  Haven't been super active on the forum lately.  I think they only fill it up with a small amount every so often from what I've been reading about their past campaign.  I do think they have very sluggish customer service.  Takes a very long time to get a response from Yobit
If you again login to your yobit account,just try to move your earned bitcoins to the account balance,if you can be able to please confirm it here or else let us update here to know what is the status of yobit promoters.

I only cashed out .013 btc.  They only pay .016 per post for a hero member.  I guess that is decent but it is low compared to the bigger signature campaigns like chipmixer.  I will most likely leave anyways because they have terrible communication and that isn't something I like to deal with.

By the way the campaign is only open to Sr. Member, Hero, and Legendary so you can't join.
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August 16, 2019, 10:57:45 PM
 #22

I will most likely leave anyways because they have terrible communication and that isn't something I like to deal with.
I expected that the terrible reputation they have had for years would have been more of a motivating factor to ditch them, or not join them to begin with. Terrible communication wouldn't be as bad if it was just that.

It's going to be interesting to see how long that campaign will be running before the admins step in once again. Not accepting newbies>full members doesn't change much when there are thousands of +senior member accounts in circulation.

BSV is not the real Bcash. Bcash is the real Bcash.
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August 16, 2019, 11:29:30 PM
 #23

Was like a week ago, I don't really check it too often.  Haven't been super active on the forum lately.  I think they only fill it up with a small amount every so often from what I've been reading about their past campaign.  I do think they have very sluggish customer service.  Takes a very long time to get a response from Yobit
And yet you think it's okay to promote them on the forum? How selfish!

Why would anyone keep using their signature in hope they get paid?
Because these idiots think out of their ass. Like they complain when the support doesn't get back to them with signature campaigns queries lol I mean there are customers with thousands stuck since ages and customer service doesn't bother replying to them.
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August 17, 2019, 02:02:00 AM
 #24

They just created a new campaign

https://bitcointalk.org/index.php?topic=5176235.0

But nobody is applying
at people learned and they are not getting scammed again.

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stadus
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August 17, 2019, 03:23:38 AM
 #25

They just created a new campaign

https://bitcointalk.org/index.php?topic=5176235.0

But nobody is applying
at people learned and they are not getting scammed again.


We would not know if people are applying or not because the application is done in the yobit website, they don't screen as well, you just sign up and you are good to go, however, it seems that the announcement is fake since there's  not feedback in the thread that they are paying.

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Findingnemo
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August 17, 2019, 10:30:10 AM
 #26

It was refilled a week or so ago, I guess the signature balance is empty again now but my posts are still being counted.  People on the other thread said this is normal for them.  For now I'll stick with Yobit since I've used their exchange for a long time and never had any issues.  Perhaps I'll change if another campaign opens up.

your posts are still being counted because it does bot script. When you receive the latest payments for your signature from Yobit?

Was like a week ago, I don't really check it too often.  Haven't been super active on the forum lately.  I think they only fill it up with a small amount every so often from what I've been reading about their past campaign.  I do think they have very sluggish customer service.  Takes a very long time to get a response from Yobit
If you again login to your yobit account,just try to move your earned bitcoins to the account balance,if you can be able to please confirm it here or else let us update here to know what is the status of yobit promoters.

I only cashed out .013 btc.  They only pay .016 per post for a hero member.  I guess that is decent but it is low compared to the bigger signature campaigns like chipmixer.  I will most likely leave anyways because they have terrible communication and that isn't something I like to deal with.

By the way the campaign is only open to Sr. Member, Hero, and Legendary so you can't join.
I am not asking about their payment to join in their campaign,I have been on bustadice over a year and I am well satisfied for being in bustadice.

I asked to know about to report for other members,anyway I try to register on their site but can't be able to so it means their site is completely down?

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August 17, 2019, 11:02:21 AM
Last edit: August 17, 2019, 11:13:55 AM by AdolfinWolf
 #27

I am not asking about their payment to join in their campaign,I have been on bustadice over a year and I am well satisfied for being in bustadice.

I asked to know about to report for other members,anyway I try to register on their site but can't be able to so it means their site is completely down?
Yobit *seems* to load fine for me. Trading and the chatbox also seem to be active so it's probably an issue on your end? You don't get the account confirmation email or something? Perhaps it's in your spam folder?

edit: hell no i'm not registering a new account there Tongue

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August 17, 2019, 11:04:56 AM
 #28

I am not asking about their payment to join in their campaign,I have been on bustadice over a year and I am well satisfied for being in bustadice.

I asked to know about to report for other members,anyway I try to register on their site but can't be able to so it means their site is completely down?
Yobit loads fine for me. Trading and the chatbox also seem to be active so it's probably an issue on your end? You don't get the account confirmation email or something? Perhaps it's in your spam folder?
Did you try new registration,its needed if someone wanted to join on their campaign.

So I decided to register but it says email already in use,even I created new email and tried with it still says email already is in use so they are restricting new registrations I guess.

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August 18, 2019, 02:30:19 AM
 #29

They reopened it and also paid the participants but they can't able to move those rewards to the account balance and there ia no response from them for this issue.

But we can't expect a shady exchange to be loyal all the times.People should change.
Did this really happen? Can you link me a thread/post/quote about this? I remember asking a few users that were in the campaign (and still had the signature after the ban) if the signature kept working and they said the payment bot stopped working.

This is the thread indicating that they already reopened it https://bitcointalk.org/index.php?topic=5176235.0. I dont know if this is a reliable account from yobit. Since there were lots of users who already tried to joined was not able to withdraw their funds we should not trust them yet.
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August 18, 2019, 03:18:10 AM
 #30

This is the thread indicating that they already reopened it https://bitcointalk.org/index.php?topic=5176235.0. I dont know if this is a reliable account from yobit. Since there were lots of users who already tried to joined was not able to withdraw their funds we should not trust them yet.
Well, this happened after my post. Also, why would anyone pretend to be them opening their campaign again?

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August 18, 2019, 05:08:13 AM
 #31

This is the thread indicating that they already reopened it https://bitcointalk.org/index.php?topic=5176235.0. I dont know if this is a reliable account from yobit. Since there were lots of users who already tried to joined was not able to withdraw their funds we should not trust them yet.
Well, this happened after my post. Also, why would anyone pretend to be them opening their campaign again?
Or they are just one of them if there is who pretending ain't know what brings them benefits if they do promote a brand name of yobit exchange. I personally didn't notice that come from their staff confirming or even denying that the signature campaign was made of their staff and it is one of them.

For me, even though their signature campaign that recently opens is paying, I won't help them to promote and participate even though I don't have a signature campaign. Unless they resolve and clean their brand name and reputation as well here in the forum.

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Findingnemo
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August 18, 2019, 05:56:04 AM
 #32

This is the thread indicating that they already reopened it https://bitcointalk.org/index.php?topic=5176235.0. I dont know if this is a reliable account from yobit. Since there were lots of users who already tried to joined was not able to withdraw their funds we should not trust them yet.
Well, this happened after my post. Also, why would anyone pretend to be them opening their campaign again?
I can't really find that thread since it was moved to many sections but now can't able to find.But cabalism13 is one of the person who confirmed they paid for his post (if I remember it correctly).PMed him about this thread,lets see what he comes up with.

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August 18, 2019, 06:10:04 AM
 #33

I can't really find that thread since it was moved to many sections but now can't able to find.But cabalism13 is one of the person who confirmed they paid for his post (if I remember it correctly).PMed him about this thread,lets see what he comes up with.

As far as I remembered it wasn't me, Tongue I was also one of the guys who aren't sure by that time that's why I withdrawn wearing their signature. And I haven't been on their Campaign not even once just tried if they're really paying but sadly I haven't got a positive feedback from them.
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August 18, 2019, 06:22:57 AM
 #34

I can't really find that thread since it was moved to many sections but now can't able to find.But cabalism13 is one of the person who confirmed they paid for his post (if I remember it correctly).PMed him about this thread,lets see what he comes up with.

As far as I remembered it wasn't me, Tongue I was also one of the guys who aren't sure by that time that's why I withdrawn wearing their signature. And I haven't been on their Campaign not even once just tried if they're really paying but sadly I haven't got a positive feedback from them.
Ohh my bad,my subconscious memory sucks. Sad

Anyway but I am sure that someone trusted member confirmed it,lets see if he got the attention of this thread,

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August 18, 2019, 07:39:35 AM
 #35

I can't really find that thread since it was moved to many sections but now can't able to find.But cabalism13 is one of the person who confirmed they paid for his post (if I remember it correctly).PMed him about this thread,lets see what he comes up with.

As far as I remembered it wasn't me, Tongue I was also one of the guys who aren't sure by that time that's why I withdrawn wearing their signature. And I haven't been on their Campaign not even once just tried if they're really paying but sadly I haven't got a positive feedback from them.
Ohh my bad,my subconscious memory sucks. Sad

Anyway but I am sure that someone trusted member confirmed it,lets see if he got the attention of this thread,

Let me find that for you, and AFAIK, it wasn't from a highly trusted or reputed user but from an ordinary guy... (Just give me a few moments, currently on my way back home)
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August 18, 2019, 06:56:11 PM
Last edit: August 18, 2019, 07:17:32 PM by ralle14
 #36

We would not know if people are applying or not because the application is done in the yobit website, they don't screen as well, you just sign up and you are good to go, however, it seems that the announcement is fake since there's  not feedback in the thread that they are paying.
Once they're wearing the yobit signature surely they've applied on their website and i've seen a few who are already wearing yobit signatures.

Let me find that for you, and AFAIK, it wasn't from a highly trusted or reputed user but from an ordinary guy... (Just give me a few moments, currently on my way back home)
Was it carlisle or LTU? I remember both of them had their yobit signatures on for a long time.

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August 18, 2019, 07:35:54 PM
 #37

For those who had been initially banned on 1st run of Yobit signature campaign for sure they aren't unable to comeback.
So most probably the new joiners or new comers would be lesser compared on last attempt.Ive seen there are already members wearing so they must be paying
this time around.

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August 18, 2019, 08:20:22 PM
 #38

For me, even though their signature campaign that recently opens is paying, I won't help them to promote and participate even though I don't have a signature campaign. Unless they resolve and clean their brand name and reputation as well here in the forum.

It's impossible to see an exchange with a highly profitable business model (which is being a shitcoin exchange that doesn't care about anything) suddenly shift to a less profitable business model (which is being an honest and professional exchange that does care). It would cost them a lot of money to provide proper customer support, have high security standards, not listing any shitcoin for the sake of making listing fees, etc.

Yobit is banking on the fact that the more reputable exchanges still allowing people to use their platform without KYC are shrinking with the day. People eventually will end up begging Yobit to accept them as user.
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August 19, 2019, 12:42:59 AM
 #39

I guess the campaign ended after it received a ban of 60 days. Why would anyone keep using their signature in hope they get paid?

They reopened it and also paid the participants but they can't able to move those rewards to the account balance and there ia no response from them for this issue.

But we can't expect a shady exchange to be loyal all the times.People should change.

I read one post from current Yobit signature participants, that he is able to transfer his earnings from a signature campaign to his main balance, but also stated that Yobit is very slow to top up the campaign balance, so you will have to wait 3 weeks to a month to get it funded, the only good thing is there is no minimum post, so you can post once if you are so busy and they will not disable you.


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August 19, 2019, 02:58:34 AM
 #40

This is the thread indicating that they already reopened it https://bitcointalk.org/index.php?topic=5176235.0. I dont know if this is a reliable account from yobit. Since there were lots of users who already tried to joined was not able to withdraw their funds we should not trust them yet.
Well, this happened after my post. Also, why would anyone pretend to be them opening their campaign again?
Or they are just one of them if there is who pretending ain't know what brings them benefits if they do promote a brand name of yobit exchange. I personally didn't notice that come from their staff confirming or even denying that the signature campaign was made of their staff and it is one of them.

For me, even though their signature campaign that recently opens is paying, I won't help them to promote and participate even though I don't have a signature campaign. Unless they resolve and clean their brand name and reputation as well here in the forum.
They just opened a new account and signature campaign didn't they? They did link the official yobit website, so I'd assume the account is legitimate and isn't just someone making random things up.

Is this an issue with the previous signature campaign that they had running for a couple of weeks before their account got banned? Did they end up paying out the owed week/balances before they made an announcement that they were closing?

For me, even though their signature campaign that recently opens is paying, I won't help them to promote and participate even though I don't have a signature campaign. Unless they resolve and clean their brand name and reputation as well here in the forum.

It's impossible to see an exchange with a highly profitable business model (which is being a shitcoin exchange that doesn't care about anything) suddenly shift to a less profitable business model (which is being an honest and professional exchange that does care). It would cost them a lot of money to provide proper customer support, have high security standards, not listing any shitcoin for the sake of making listing fees, etc.

Yobit is banking on the fact that the more reputable exchanges still allowing people to use their platform without KYC are shrinking with the day. People eventually will end up begging Yobit to accept them as user.
I agree I think they are definitely trying to seem more reputable as one of the exchanges that don't use KYC, but I'm unsure if it's able to do so - it's reputation is down the drain.

Smiley
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August 19, 2019, 04:43:26 AM
 #41

I agree I think they are definitely trying to seem more reputable as one of the exchanges that don't use KYC, but I'm unsure if it's able to do so - it's reputation is down the drain.

They definitely won't be able to do it. The moment a user got a problem they will realize the exchange is not thinking about them at all. The only people who stay at Yobit is probably those who never encountered a problem for one or two reasons, but the general impression for Yobit is already terrible. Placing ads on CMC won't help them. They should change how they do their business first instead of looking to get a new user as their 'victim'.

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August 19, 2019, 04:51:42 AM
 #42

For me, even though their signature campaign that recently opens is paying, I won't help them to promote and participate even though I don't have a signature campaign. Unless they resolve and clean their brand name and reputation as well here in the forum.

It's impossible to see an exchange with a highly profitable business model (which is being a shitcoin exchange that doesn't care about anything) suddenly shift to a less profitable business model (which is being an honest and professional exchange that does care). It would cost them a lot of money to provide proper customer support, have high security standards, not listing any shitcoin for the sake of making listing fees, etc.

Yobit is banking on the fact that the more reputable exchanges still allowing people to use their platform without KYC are shrinking with the day. People eventually will end up begging Yobit to accept them as user.

it doesn't take that much effort to improve their platform though. and it doesn't have to reduce their profitability either. they just don't want to bother probably because so far they have been getting their customer and they are satisfied with the result.
all they would have to do is to add clear indicators on their massive number of wallets about which one is disabled and which ones are empty. that simple change would solve majority of the problems since most cases are people who deposit some shitcoin or buy it and want to withdraw and their funds get stuck in limbo because the wallet is dead and the interface doesn't show you any warnings. when they contact support, they aren't going to tell them "we fucked up and our wallet is dead" so they remain silent hence making everything worse.

apart from relying on those looking for no KYC, they have been mainly relying on newbies that joined their platform and fell for their absolutely fake pumps on those dead coins that they only list. the main purpose of their signature campaign was also this. they force users to sign up on their exchange and fool them into trading and losing more money while contributing to the total volume.

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