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[wheelz1200]

They seem to be a survivor in the industry.

Apparently they’ve never been hacked?

Native token sits at 500 with the ATH being 3000.

Anyone in the community know more about YoBit? Has anyone done any due diligence on them? Are they trustworthy?

They are like the junk yard of cryptocurrencies.  They have terrible almost non existent customer support so good luck if you ever have an issue.  While yes they have lasted pretty long they are still shady and have tons of bad reviews and rep from people who have used them.  I'd steer clear if I were you but that's just me.

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[goaldigger]

I didn't see anyone mention Yobit in a while... From time to time I get some email from them, always with some crazy APY investment, I should definitely unsubscribe!

As others have said, Yobit is a bit shady! They are still in the business, we can wonder how and why, but if you care about your money this exchange should be avoided. For people who like to take risks with "crazy high" APY's and many pump & dump schemes, this is the right place.

There are so many bad reviews about this site and even if they have such an attractive promotions I wont bite because I know its too risky and probably I might lose everything. They are still running for some reason, there are too much hype and manipulation on this exchange don’t fall for that. If you want a smooth exchange experience then better to go for the best option instead of this site.

[len01]

as far as I know Yobit exchange used to be given a bad reputation after scamming a few people.
if you really want to get in there, my advice is that you better read more about Yobit in threads that have existed in this forum before you really become the next victim.

[lalabotax]

Well, although we know that the Yobit exchange is an old big exchange, I will not recommend this exchange to be used. They had many bad issues related to their services, token listings, scam accusation, and also some problems related to the transaction process.

Btw, I thin Laos that Yobit Exchange also has high transaction fees compared to other ordinary exchanges. This may be one of the reasons why I am not using this. I thin that it is better to use other changes that have better reputation and reviews. It is to ensure that our assets are safe and not have bad issues again during the investment. ABout high APY, well, I thin that it is no need to risk our money there even it is high APY because it si also too risky to trust.

[o48o]

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Apparently they’ve never been hacked?
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We wouldn't even know if they were hacked. It's the least transparent exchange out there, if you use it, just hope that you don't ever need to use their support. Because if and when you encounter question or a problem, you can rest assure that there's no help coming. I only lost money once in there by depositing a token that never arrived to my account. I sometimes have used it as they don't require kyc at all but i wouldn't deposit anything too big as you most definitely can lose it.

[Vaskiy]

One of the old exchange. I've used it in the past when there were not much of exchanges available for trading. During those days majority of the coins rewarded for bounties gets listed on yobit. Later this slowly lost its trust and it's been a long using the exchange. I'm not sure how good is the exchange at present.

[GreatArkansas]

Yobit is an old exchange with several bad reviews from users, a little search here in the forum or through google will give you the exact picture.
(.....)

The only reason that a lot of people got bad reviews about Yobit Exchange is because of a lot of shitcoins that are listed on this exchange because even the Yobit Management is tolerating these shitcoins.
Another thing that I'm thinking is they are also sometimes doing pumps and dumps on their own exchange to earn more money.
Very bad exchange for me, the more shitcoins listed on an exchange, the more red flags.

[evichi]

IMO, I suggest you check for other exchanges. I still have an account with them, but not active. The few times I interacted with my account, they had coin(s) deposited in my wallet - which i guess are airdrop coins. But there was a particular one I wanted to withdraw but they keep saying the wallet is under maintenance. Secondly, I participated in promotion campaign which they promised to reward participants at a given date. However, after performing the tasks, I waited for my reward on the said date, but it never came. My little experience with them portrays that of distrust. They are old quite right, that does not mean all is well. You have to be careful if you insist in dealing with them, otherwise there are other better exchanges you can trade with.

[hd49728]

Yobit exchange does not have customer support. A least it is what you will get if they contact their customer support. Your request will go to the air and no reply back to you after all.

Yobit run many spam campaigns in forum and their account even was banned, their signature was disable in forum by the admin (6 months).

Months later they came back with Cryptotalk signature which was a spam campaign too before it was handled by yahoo.

Yobit spam on the forum
Yobit /Cryptotalk signature campaign

If they did not care about quality of participants and only spent money for spammers. You should guess where did their money come from. Easy have, easy spend without consideration.

[redsun114]

Yobit is an old exchange with several bad reviews from users, a little search here in the forum or through google will give you the exact picture.
(.....)

The only reason that a lot of people got bad reviews about Yobit Exchange is because of a lot of shitcoins that are listed on this exchange because even the Yobit Management is tolerating these shitcoins.
Another thing that I'm thinking is they are also sometimes doing pumps and dumps on their own exchange to earn more money.
Very bad exchange for me, the more shitcoins listed on an exchange, the more red flags.

I think yobit was once a good exchange. They are the competitor of poloniex, bitrex and other old exchanges which lost it's fame now. Maybe yobit have only undergone an issue and fail to resolve it and they think it's too late for them to change so they just accept shitcoins in their platform to continue earning.

Yobit do also have their own token. This could be the one that they are using for pump and dump other than helping random tokens that are listed on their exchange. This way, they can solo the profits that they will be getting. For us, we know that there are so many legit coins out there and as well as legit crypto exchanges. We can invest on them and use them at peace. No need to go for shitcoins and shady exchanges.

[Bitcoin1216]

I once used Yobit in 2018 and at that time there was no problem, unfortunately since the end of 2018 there were too many negative news and reports about Yobit including the difficulty of the withdrawal process so that it made me leave and never trade in Yobit again.

[Questat]

Well, I guess OP you already have some insights about this known YoBit exchange. You certainly are hearing bad, of course, because that is what they experience and the feedback from others. With their negative reputation in the forum, you can't really be thinking that this site can be trusted, of course not. Now, it's up to you then if you will try or not but people have warned you already.

There is no need for you OP to take risks on this site, in fact, there are a lot of reputable exchanges available in the market.

[Jawhead999]

Yobit is a scam exchange, avoid it. Actually you can search yobit accusation on this forum, you will get many accusations shown on the google. Although there's currently no accusation against Yobit, maybe no one ever use this exchange again since there's no interesting promotion to attract new people. Yobit campaign was success since they're massively promoting in this forum by spamming the whole forum.

[bakasabo]

Yobit is a scam exchange, avoid it. Actually you can search yobit accusation on this forum, you will get many accusations shown on the google. Although there's currently no accusation against Yobit, maybe no one ever use this exchange again since there's no interesting promotion to attract new people. Yobit campaign was success since they're massively promoting in this forum by spamming the whole forum.

It is not scam, it has its own "strange" vision of how to do business. If it was a complete scam, it would not run airdrops or better say competitions (even though the amount obtained there is laughable), and people wont trade there at all. So far it operates, a lot of people in Russia make YoBit as their prime or only way to turn crypto into fiat.

But I would not recommend YoBit as an exchange to trade huge amounts. In case something goes wrong, users has an issue or any other unexpected things happens - you wont get any help from support. User can write as many support tickets as they want, but it is quicker to get a jackpot in lottery, then get an answer from YoBit support.

[AakZaki]

Of course the old members of this forum know a lot about yobit, the ancient exchange that many users use without the need for KYC and a place for shitcoins in the past. I often trade a lot of shitcoins or some of the coins listed on Yobit. But when the many scam and other accusations yobit started to quiet down and it did become the biggest shitcoin place. Yobit even held a signature campaign and paid participants every week.

[Jaered]

This is what I know about Yobit: its a shitcoin dump site with all sorts of worthless coins and tokens making debuts there. Also, its a regular pump and dump center. I remember how they used to host many pump and dump schemes. I was caught in one of them though. Next, its a very old exchange, probably as old as Mt Gox. So be advised

[uneng]

It's a long time since I heard about Yobit for the last time on this forum. Yobit is a russian exchange from the early years of bitcoin existence. Although they have many bad reviews for different reasons, the service seems to be still active with people using the platform. But since they aren't a transparent and fair exchange, it's better to avoid their services, because you can be cheated by them as customer at some point.

I remember they had a non-provably fair dice game and investment option with high interest rates for your crypto (the trick was that the investment didn't pay everyday as firstly expected, only when they wished...).

[Bobrox]

Yobit exchange have been popular as hype exchange because ever participated in Liza coin investment with daily day return profit above 2%, but there are not excited profit return because Yobit exchange not stable reward and have rule change every time. Actually many negative respond or feedback with Yobit exchange until right now have claimed as scam exchange.

I earn much profit there when new coins listing and up drastically, but I loss more again there when investing with Liza coin before stopping with investment return and price have been drop.

[Dr.Osh]

Yobit is an exchange that has been around for a long time. I also used it, but there was so much negative news from that exchange, so I decided to stop using it. It's been a while since I stopped using it, and so many people think that it's to be a scam. I did not know that until now the exchange still exists but, I would prefer to recommend for use of a more professional exchange like Binance or Kucoin.

[mdzahed134]

YoBit is very old exchange listing, if i'm not wrong it was launched in 2015-2016. When mostly new coins got listed here, it was user friendly exchange because there are no KYC to trade/withdraw here. But right now it’s a one of the shit exchange in the market, they listing all of SCAM coins, a lot of SCAM/fraud allegation with this exchange.