About YoBit
Except for its main function (trading), the platform has an opportunity to store huge number of various cryptocurrencies, to collect free coins and also to gain passive income.
Users can recharge and withdraw money in Fiat.
YoBit
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Key data
data refreshed every 10 minutes$301.71M / 24hTrading pairs1663
Market share0.9%of tracked exchanges volume
YoBit is a centralized cryptocurrency exchange (CEX) operating at yobit.net. Launched in 2015, it became known for an exceptionally broad catalog of altcoins, including many small-cap tokens that larger platforms tend to skip. That breadth is its main draw, and also the main reason to trade carefully.
Frequently asked questions
What is YoBit?
YoBit is a cryptocurrency trading platform accessible at yobit.net. It stands out for listing a very large number of altcoins, from established coins to obscure, newly launched tokens. Over the years it has also added extras like a dice game and virtual mining, though spot trading remains its core service.
Is YoBit centralized or decentralized?
YoBit is a centralized exchange (CEX). Users deposit funds into accounts controlled by the platform, and trades are matched through the exchange's own engine rather than on a blockchain. As with any CEX, this means trusting the operator with custody of your assets.
When was YoBit founded?
YoBit launched in 2015, making it one of the older exchanges still operating today. Its team and headquarters have never been officially disclosed, so details about who runs the platform remain vague.
What should users pay attention to on YoBit?
Many listed assets are low-liquidity and highly volatile, so thorough research is essential before trading small-cap tokens. Always confirm you are on the official yobit.net domain to avoid phishing clones. It is also worth noting that the exchange's regulatory status is not clearly documented.