Trading has been one of the top trends since the pandemic, and even before that. Investing your money and seeing it increase before your eyes has a different kind of kick to it. However, trading– especially trading with cryptocurrency– can be a bit hard to get into. With loads of trading platforms out there, it can be confusing to choose a single one.
Well, we are here to tell you all about Yobit trading company. So, your search feels a little less overwhelming. If you are looking at Yobit as a potential exchange company for you, then this might be the guide for you. Here’s a detailed review of Yobit trading company.
About Yobit trading company
Yobit exchange is essentially a universal trading platform specializing in cryptocurrency. They provide a proprietary trading terminal as a service. However, the service is available through browser only and mobile trading is not available.
Most famous and trendy cryptocurrencies, like Bitcoin, litecoin, Tether, are traded on this exchange. Among fiats, which is a government-issued currency not backed by any commodity such as gold, the company supports the US dollar and the Russian ruble.
The brand is known for employing all major channels for depositing and withdrawing purposes. They support both bank cards and e-wallets. You can trade on the platform without even verifying the user data.
YoBit token
If you’ve ever played an online casino or any other gambling game where there are tokens which you generally buy with real money, then you will get the gist of tokens very easily. If not, let us explain. You buy tokens from actual money and then use those tokens to gain services or goods from that company.
Like many other trading companies, Yobit also has its own tokenized coin called the YoDefi. This coin can be used to gain the services of the company or can be used in various investment programs. A virtual mining service providing daily payments is also offered by the company. When you exchange with YoBit, you get a standard investment program with affiliate bonuses up to a whopping 20%.
Now that we know about the company, let’s look at some of the advantages and disadvantages of trading with the company
Benefits of trading with Yobit
There are a lot of advantages that Yobit provides over other trading companies. Here are some of them:
- Large selection of crypto
The crypto community keeps growing every day with more cryptocurrencies added to the market on a daily basis. There are around 13,000 cryptocurrencies trading at the market right now. Due to this reason, you want to have the option of trading with as many crypto as you want. Yobit provides you with a large selection of cryptocurrencies to trade with.
- Beginner-friendly
As mentioned, trading with crypto is a bit hard to get into. Part of the reason is the complex interface and technicalities that your average person can’t understand. However, you won’t have that problem with YoBit’s platform. They provide a simple and convenient interface of the trading terminal that is very intuitive to work with.
- Good Investment system
Most companies provide an investment system. However, they are just there for the show and don’t provide any actual profit. Yobit, on the other hand, has a well-thought-out investment system along with a profitable affiliate program that will ensure profits for every customer.
Disadvantages of trading with Yobit
Although the company provides some benefits that are hard not to look at, there are some disadvantages that could be the deciding factor for some people. Here are some of the disadvantages of trading with Yobit:
- No mobile trading
Mobile trading is the use of wireless technologies to access trading platforms. It allows traders to access the trading platforms from telephones rather than using traditional methods like computers. Unfortunately, this feature is not available with Yobit, and you are stuck with using the browser for accessing the trading platform.
- Not many options with fiats
If you like to trade with the currency of your country of your choice, there are not many options. The only fiats that Yobit supports are USD and RUB.
- No guides
Although the trading platform is fairly easy to use. If you are using a trading platform for the first time, there are no training programs or guides to help you with.
Conclusion
Yobit exchange has made its place in the trading industry. As you can trade without verification, the anonymity it provides is rarely found anywhere else. Low commission fees and many ways to deposit and withdraw funds are also some of the attractive features of the company. If you are able to overlook some of the key disadvantages of the company, then this trading company might be exactly what you are looking for.
