Yobit not paying out YoFarm Rewards.

[ElBiasto]

Hey,
I did put some of my BTC into the BTC/USDT Liquidity pool at yobit half a year ago and did accumulate 120 USDT in YoFarm Rewards so far.
When I try to claim my Rewards I get the Error message: "Please wait..."
After receiving the Error message a few time I contacted Yobit Support at 11th April 2022.
No answer. One month later I tryed again (10th May 2022). Again no answer.

2022-11-10: The issue is still not fixxed and I decided to remove my Liquidity and withdraw it. Worked fine but my Reward is still pending and support keeps ignoring my messages.

Does anyone have similar experience whith Yobit?

[PX-Z]

So there are really still someone who uses Yobit.

About the question of experience, yeah, a lot with different bad experience. And real talk, this is nothing new about Yobit's scammy/suspicious behaviour.

[_act_]

Yobit is an exchange, it is a centralized exchange that has customer care. The exchange is shady and not advisable at all to be used because in one way or the other, you will fall into Yobit shady trap which could be very painful and lead to money loss. As for your issue, open a ticket about it for their customer care to tell you what to do.

[mk4]

Took a look at YoBit's Twiter account — they haven't posted anything for 2 months. Not saying that it's automatically a scam because of that, but it's definitely not a good sign. Take this as a lesson to not leave and forget funds on exchanges. You're lucky at least you still got your capital out.

Also, why the heck is this their cover photo..



https://twitter.com/yobitexchange

[BitcoinGirl.Club]

Does anyone have similar experience whith Yobit?

How could you don't know that they are scammers? LOL

So there are really still someone who uses Yobit.

Doesn't surprise me or how are they paying domain and hosting charge 🤣

Also, why the heck is this their cover photo..


https://twitter.com/yobitexchange

May be they are in brothel business 😉
Sex, drug, bitcoin what else they need?

@OP, sorry to hear your experience. Do not expect anything else from the thread. After few times someone will post a picture of a green dildo if you continue 😂

[coupable]

Even if you provide all the evidence that proves that you have been deceived or robbed, it is never expected that you will find a listening ear, especially since many users lost their deposits years ago and did not reach any result. You can visit the scam section of the forum and try the search word "yobit" and you will see the huge number of complaints against the platform.
By the way, Yobit has never been interested in establishing a good reputation. Even the Scam projects it manages have created their own forum to promote them. I don't know if that forum is still working today, but surely many of the members here remember how Yobit used to run a signature campaign here on the forum to promote its forum.
Honestly, it did not occur to me that there are people who are still using this fraudulent platform, especially among the members here in the forum.

[sunsilk]

Just think of the good thing that you're able to withdraw your btc from them. It's actually one of the reasons why many don't use them anymore from the forum because they're known to have a lot of issues.

If you're lucky enough that you'll get to withdraw the rewards, sure that's a good thing. But the fact that you've got your btc back, the capital you've used for their liquidity pool is the best consolation that you can think of.

[examplens]

2022-11-10: The issue is still not fixxed and I decided to remove my Liquidity and withdraw it. Worked fine but my Reward is still pending and support keeps ignoring my messages.

Does anyone have similar experience whith Yobit?

Oh no, After all, that is happening with FTX, Luna, etc... is Yobit acting like this too? [sarcastic]

Even on 11th April 2022 if you did just a little internet search, you would get many reasons to run away from Yobit right away. However, I will give you some hints then you will find out that you have lost money on the Yobit scam.

https://www.reddit.com/r/CryptoCurrency/comments/7wobq0/reasons_why_i_avoid_yobit_and_why_you_probably/
https://bitcoinexchangeguide.com/warning-russian-crypto-exchange-yobit-uses-ticker-name-to-fraud-traders/
https://medium.com/@rdbritannia/the-exchange-ticker-scam-from-russia-with-love-7d6e206c3b64
https://www.reddit.com/r/btc/comments/m8l1vl/be_aware_yobit_is_such_a_scam_exchange/
https://cryptoinsider.com/yobit-net-scammers-incompetence/
https://bitcointalk.org/index.php?topic=3659923
https://bitcointalk.org/index.php?topic=3109307.0

and you can see it yourself here Yobit Scam Accusation megathread. "Normal" modus operandi or shady practices?

[dkbit98]

Does anyone have similar experience whith Yobit?

You shouldn't use that crap exchange at all, and all other yield earning platforms that earns some magical tokens are also semi-scam ticking time-bomb getting ready to explode.
If you followed all the history of Yobit you could see many members suggested to stay away from all of their ponzi schemes, and this yofarm rewards is just one of them.
Your only hope is to try contacting their support, but good luck trying to get any real answer from them.
Never keep any Bitcoin on centralized websites that earn's you some virtual crap. 

[sheenshane]

It might not all were scammed by this exchange because I still have a friend who used this exchange when swapping coins.  I've warned him already but he said, he didn't yet scam them.  It might this exchange isn't directly a scam, it's just a crappy exchange that has moronic users who even though they saw a warning still using this exchange until such time they will get scammed.

You're still lucky you able to withdraw your fund without a problem.
Don't expect too much from this exchange because they have known a very shady exchange, their reputation has been ruined already.  Find a legitimate one or stop storing it for the long term your crypto asset in a centralized exchange.

[o48o]

-cut-
Does anyone have similar experience whith Yobit?

In short: Don't use Yobit.

I have gotten any significant money i got in there out in the past without problems, but everything they do screams a ponzi and scam.
Promises of high profits from their weird virtual mining system was just stupid. And that was first exchange that advertised their "icos" by email, just by saying there's a new ico. Without at any point explaining what they are selling.

They are even selling "tokens" without tokenomics or decentralization, so basically they are just numbers on their screen without possibility to withdraw.

I never got one response from their "help desk" (or what ever it was called) when i lost tiny amount money that i deposit. It's the scammiest exchange out there, yet ironically it has outlived many reputable exchanges.

[bitbollo]

Unfortunately it is not the first problem that emerges from yobit here on the forum, as reported by other users. in general it is a site with "opaque" characteristics and it is better to use it only as an exchange, avoid investments/staking/earnings opportunity etc.
sadly in your case, OP, besides writing to support you can't do much...

[RapTarX]

did accumulate 120 USDT in YoFarm Rewards so far.

They were just a number; same as of some number people had in ftx and/or have in any other exchange. I'm not really sure if you aren't familiar with typical yobit or not; they are using the same approach to make a business and rip off the investors with not even a peanut LOL. This is not the same kinda scheme from them; I can't name them but they have a lot of such scheme. You better stay out of this and any other exchange.

Also, why the heck is this their cover photo..

At first look, I thought you shared Natasha's twitter profile LOL. Yobit is trying to attract the noob; all of their scam scheme targets the noobs as well.

[examplens]

Probably an attempt to dull mind of their customer victim. But on a side note, i can't believe they have 172K follower. Although it's likely they buy fake follower since the engagement number (like, reply, etc.) is very low.

Yobit is one of the early exchanges, I think they started somewhere in 2014. after 8+ years, it is to be expected that they have a large number of followers, especially if we know that they had several campaigns where the following was one of the conditions.
The importance of their Twitter account and how realistic that audience is is best shown by the fact that despite having 170k followers, they only have 15-20 retweets. they seem to be completely irrelevant like 90% of their followers.

[coin-investor]

Hey,
I did put some of my BTC into the BTC/USDT Liquidity pool at yobit half a year ago and did accumulate 120 USDT in YoFarm Rewards so far.
When I try to claim my Rewards I get the Error message: "Please wait..."
After receiving the Error message a few time I contacted Yobit Support at 11th April 2022.
No answer. One month later I tryed again (10th May 2022). Again no answer.

2022-11-10: The issue is still not fixxed and I decided to remove my Liquidity and withdraw it. Worked fine but my Reward is still pending and support keeps ignoring my messages.

Does anyone have similar experience whith Yobit?

You mean you have withdrawn your funds out of Yobit and they let you, you're still lucky they are one notorious scam exchange and should not be trusted, its unlikley that you are goign to get your reward, better forget it, just be thankful that you get your funds out of Yobit and don't ever comeback there or you will regret it.
And next time do research on where to put liquidity, there are a lot of liquidity pool out there that are legit like Pancakeswap or Uniswap, don't be too greedy just because they offer high rewards.

[fortunecrypto]

Hey,
I did put some of my BTC into the BTC/USDT Liquidity pool at yobit half a year ago and did accumulate 120 USDT in YoFarm Rewards so far.
When I try to claim my Rewards I get the Error message: "Please wait..."
After receiving the Error message a few time I contacted Yobit Support at 11th April 2022.
No answer. One month later I tryed again (10th May 2022). Again no answer.

2022-11-10: The issue is still not fixxed and I decided to remove my Liquidity and withdraw it. Worked fine but my Reward is still pending and support keeps ignoring my messages.

Does anyone have similar experience whith Yobit?

I don't know how did you discover Yobit they used to have a strong presence here in Bitcointalk five years ago but with so many complaints  and bad feedback written and posted on so many platforms, there's hardly any news about their existence/

I guess you're just a new trader and not good at doing research and just go for an exchange that gives you a good yield on your coins but unfortunately, you've stumbled on a very bad exchange and this is going to be the start of doing extensive research on exchanges or just about anything that involves, trading, staking and storing, this bad experience is worth $120 USDT for you, but for some its even larger amount.

[ultrloa]

Hey,
I did put some of my BTC into the BTC/USDT Liquidity pool at yobit half a year ago and did accumulate 120 USDT in YoFarm Rewards so far.
When I try to claim my Rewards I get the Error message: "Please wait..."
After receiving the Error message a few time I contacted Yobit Support at 11th April 2022.
No answer. One month later I tryed again (10th May 2022). Again no answer.

2022-11-10: The issue is still not fixxed and I decided to remove my Liquidity and withdraw it. Worked fine but my Reward is still pending and support keeps ignoring my messages.

Does anyone have similar experience whith Yobit?

I don't know how did you discover Yobit they used to have a strong presence here in Bitcointalk five years ago but with so many complaints  and bad feedback written and posted on so many platforms, there's hardly any news about their existence/

I guess you're just a new trader and not good at doing research and just go for an exchange that gives you a good yield on your coins but unfortunately, you've stumbled on a very bad exchange and this is going to be the start of doing extensive research on exchanges or just about anything that involves, trading, staking and storing, this bad experience is worth $120 USDT for you, but for some its even larger amount.

Curious to know how newbies discover it also since in first place they are not doing marketing anymore as I don't see there banners anywhere and if you type the best exchange keyword on google search engine there's no yobit name listed there.

Maybe someone introduce him to this kind of shit and deceive newbies that they can earn by yofarm reward on yobit. Starting up people on crypto need to know that yobit is bad exchange and they should always do their research and never invest there money base on their first impression only look only for quality review or advice coming from experience people especially coming from people here in forum.

[Darker45]

It's funny how it seems YoBit is the last man standing. Even the huge FTX has bowed down already. The brands that are known to be shady like YoBit, HitBTC, and probably some others are still alive and kicking. Despite YoBit, for example, being almost synonymous to scam and doesn't even seem to hide it, the platform hasn't really crumbled. It's amusing to wonder now, are they better managed? Are they earning better? These are the platforms that do not seem to care about image, review, reputation, even regulations and yet they're still here until now.

Anyway, OP, don't expect anything from them. While you can continue sending emails or tickets to them, don't hope too much. And stop risking money in these liquidity pools.

[ultrloa]

It's funny how it seems YoBit is the last man standing. Even the huge FTX has bowed down already. The brands that are known to be shady like YoBit, HitBTC, and probably some others are still alive and kicking. Despite YoBit, for example, being almost synonymous to scam and doesn't even seem to hide it, the platform hasn't really crumbled. It's amusing to wonder now, are they better managed? Are they earning better? These are the platforms that do not seem to care about image, review, reputation, even regulations and yet they're still here until now.

Anyway, OP, don't expect anything from them. While you can continue sending emails or tickets to them, don't hope too much. And stop risking money in these liquidity pools.

Scammers always trying their best to deceive people and it seems that they just continue to operate their exchange then wait for a newbie big fish to come then scam them. And that's what happen to OP maybe the discussion about yobit scamming became low due to some other important reason which many people forget to talk how really awful exchange they are. Since there is another victim this will be another reminder not to trust them because they just continue scamming people and for that we need to be careful.

[examplens]

It's funny how it seems YoBit is the last man standing. Even the huge FTX has bowed down already. The brands that are known to be shady like YoBit, HitBTC, and probably some others are still alive and kicking. Despite YoBit, for example, being almost synonymous to scam and doesn't even seem to hide it, the platform hasn't really crumbled. It's amusing to wonder now, are they better managed? Are they earning better?

Yobit packed their scam methods in various new names like YoFarm through which they scammed OP. they manipulate by luring new victims with high-interest rates on staking, whereby devaluation brings down the price and thus makes the investment worthless. everything takes place in a relatively short period after which they start a new cycle.
as far as I know, there aren't too many problems with withdrawing (major) funds from there, but that is not their main method of fraud.
but yes, it's a real miracle how they survive considering that the basis of their business is a Ponzi scheme.