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[vinca BK.]

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[hd49728]

Yobit is a bad exchange and their customer support does not exist.

They run many spam campaigns on the forum and I believed they created a spam foroum: Cryptotalk that opens for Russian members. Initially, that forum is for everyone but the owners add more restrictions and now it is a local forum.

It can be a forum to shill Yobit exchange. With past Cryptotalk and Yobit campaigns, I think Yobit are owners of the forum.

Fake volume is a disease on many exchanges and Yobit is one of them. I am not shocked with your finding.

BTI MARKET SURVEILLANCE REPORT – SEPTEMBER 2019

[death69]

There are many negative feedback about this exchange so I advice you do not open an account here. Furthermore, becuase it is a scam exchsnge so that you do not have to waste your time investigating.

Yobit was good when it was created but ovet time, it become worse and now most of the coins are garbage with a little of volume, maybit they are fack too

[joniboini]

It's not new news, this exchange has a terrible reputation since years ago. Faking volume is probably one of their most famous shady activity. That being said, it's not exclusive to Yobit. A lot of shady exchanges do this too. So, the best thing you can do is avoid them and use reputable exchanges/dex instead.

[hd49728]

It's not new news, this exchange has a terrible reputation since years ago. Faking volume is probably one of their most famous shady activity. That being said, it's not exclusive to Yobit. A lot of shady exchanges do this too. So, the best thing you can do is avoid them and use reputable exchanges/dex instead.

Fake volumes are observable on exchanges that have fake buy and sell orders. With eyes, we can detect fake orders.

Not for you but for newbies. How to detect fake orders? They are set up and cancel in seconds and with same amount. Only order price will be moved up or down but number of altcoin (in sell orders) and BTC or USDT (in buy orders) will be similar. Human can not set up and cancel orders too fast and continuously like that.

[passwordnow]

Just avoid them.
They're known for having a lot of issues. If you have deposited any amount there, it's better if as early as now you withdraw your funds there and move on to a better exchange.
An exchange like Binance.

[aysg76]

 Before using any exchange have a proper research about it because you have to store your funds on that particular Exchange and if it is scam you simply loose your funds in very easy way to some scammers.Yobit have past allegations of being scam exchange, support team not responding,faking trade volumes,bonus provided expired after you sign up, withdrawal pendings after sell order and so on.So simply move your funds to some other exchange which is reputed otherwise you will be losing your funds very easily.

Yobit reviews

[repear7]

Yobit's common problems are poor customer support, spam airdrops and fake trade volume. Already some Scam Accusations have been opened in this forum against Yobit. Personally, I face bad customer support on Yobit. They never answer me. Just imagine, if you lose any crypto asset from yobit, you will never get it back. Because of their poor customer service.

[johnwest]

If you are trying to trade on Yobit then I would suggest you stop it right now and withdraw everything as soon as possible. It's one of the shittiest exchanges there is and its features and promotions are shittier than what they advertise. I used to trade on Yobit in the previous bull run when it was something but then when the bear run came it didn't have anything to hold on to. I have withdrawn everything from then when I felt that it was not safe. It's not just Yobit but the same with every centralized exchange, if you feel that it's not safe then take it out.

[AakZaki]

I think ever since I met Yoobit he's always been weird. The last time, when there was a staking program, after that I never went there again. At this time I will not go there again. There was a lot of bad news circulating. Many people say there is a lot of price manipulation there. I don't think you need to transact there. Many crypto exchanges are more open and trustworthy.

[Scripture]

There’s a lot of bad reviews about Yobit but of course its not the only exchange who fake the trading volume and trading history, maybe its a BOT but still the datas are being manipulated. I have my experience with some other exchange and the worst thing here, the token has a huge trading volume and yet the price remain the same, you’d better deal with the best exchange.

[abel1337]

Everything that you will read here is negative about yobit since they leave a pretty bad impression in this forum and too many allegations/issues on the internet that haven't been solved. But the trades you indicated are possible if yobit is not mentioned. There are better exchanges right now and as of now, I can't really suggest you using yobit because of the risks especially if you are holding a huge amount of assets.

[stomachgrowls]

Talking about shady volume?

https://bitcointalk.org/index.php?topic=5211086.0
https://coingeek.com/report-indicates-64-of-crypto-volume-happens-on-shady-exchanges/

This doesnt limit out on yobit alone but also in other exchange as well but nothing beats out the shadiness of this platform
and if you are just new into this market then better get rid and never use that shitty exchange yobit.

[sheenshane]

As we heard on this exchange platform was that scamming users, weird and fake trading volume, house of scam projects or shit tokens, and many shady activities.  So in the first place, why you are choosing them since we all know their negative activities.

However, I have heard that most of the exchanges now have this problem, they can't show their actual trading volume and probably this is one of their marketing strategies to lure traders and new users to use them as an exchange.

Before I'm using this as a liquidity metric to know the actual trading volume per exchange and its comparison but since it's now owned by Binance, it's hard to trust that might could be there a biased, but so far, I don't see.
https://coinmarketcap.com/rankings/exchanges/.

[Hamphser]

-Support doesnt respond
-Shady exchange-own token
-Unlimited  duration of wallet maintenance
-Lots of scam accusations
-Questionable trading volume
-Lots of complaints in their ANN thread

I wouldnt touch this exchange once again.

[hd49728]

Before I'm using this as a liquidity metric to know the actual trading volume per exchange and its comparison but since it's now owned by Binance, it's hard to trust that might could be there a biased, but so far, I don't see.
https://coinmarketcap.com/rankings/exchanges/.

Coinmarketcap gives Yobit a bad score but that exchange is given same bad score by coingecko.

Yobit is ranked at the bottom on coingecko too. Yobit is at 209th rank and the given Trust score from coingecko is 3

The average bid-ask spread is 25%+

[semobo]

In my personal opinion, Yobit's trade order book becomes more shady in the recent years and they mainly do wash trading to fake the report volumes to the coin tracking websites to keep their exchange alive but its not actually a very surprising thing since we know Yobit went into lot of unresolved scam accusations and shady projects IEO and fake investment schemes, etc.

[Mpamaegbu]

OP's observation is correct and I think that cuts across exchanges with low liquidity. I have also observed similar scenario with, at least two exchanges, I use. It's obvious that such exchanges use bots to trigger trades, either cancelling them or completely moving them slightly below one's sell orders or above one's buy orders to prevent one's orders from getting picked. It's frustrating when that happens.

BTW, why will anyone even still trade on Yobit when there are several scam accusations against it littered on the Internet? Kindly keep off it. It used to be a great exchange in the past but not any more.

[Kittygalore]

It's not new news, this exchange has a terrible reputation since years ago. Faking volume is probably one of their most famous shady activity. That being said, it's not exclusive to Yobit. A lot of shady exchanges do this too. So, the best thing you can do is avoid them and use reputable exchanges/dex instead.

I don't know why they are still in the business though, by this time they probably should have been down on the ground with a lot of people confirming that they are a scam of a website. @joniboini is right, exchanges do this to attract gullible people to put their money in their site so they can scam them.

[davis196]

Damn,I forgot that I have a Yobit account.I haven't logged in for years.
I was messing around with Yobit back in 2016.I had a really small amount of BTC there.My overall experience was good,they didn't scam me,but I would never buy a shitcoin,that is listed on Yobit.
I'm not surprised by their shady tactics.I'm surprised that Yobit is still relatively popular,despite all the negative reviews and their bad reputation.
A warning to all the noobs-Please do NOT deposit big amounts of cryptocurrencies there.