1. Overview

• Platform: YoBit is a long-standing cryptocurrency exchange offering spot trading, margin, yield products, and a wide range of altcoins.

• Founded: 2014; claims to be based in Panama, with past registration traces in the Isle of Man and Belize (Coin Bureau Review)

• User Base & Reach: Hosts over 9,000 trading pairs with global (mostly retail) access and no mandatory KYC.

• Reported Daily Volume: Around $150–200 million (BitDegree)

2. Use Case

YoBit is primarily used by:

• Retail traders looking for early access to obscure tokens

• Users who prioritize privacy and anonymity, as no identity verification is required

• Risk-tolerant traders engaging with low-cap, high-volatility coins and auto-trading bots (Marketplace Fairness)

3. Compliance & Regulation

• Unregulated: YoBit holds no financial services license and is not supervised by any major regulatory body

• Operates under unclear legal structures; formerly linked to jurisdictions with light oversight

• Coin Bureau notes lack of transparency in operational governance

4. Security & Transparency

• No third-party security audits, bug bounty programs, or published technical documentation

• Basic protections like SSL and cold storage claimed, but not independently verified (WikiBit Report)

• CER.live assigns YoBit a low security rating, with limited information on internal custody practices

5. Customer Feedback

• Trustpilot rating: 1.2/5 stars

  • 74% of reviewers rate it 1 star, citing:

    • Frozen withdrawals

    • Poor customer support

    • Allegations of exit scams and lost funds

• Common community sentiment frames YoBit as unreliable and risky, particularly for asset custody

6. Crypto-Economics

• Fees: 0.2% for trading; no deposit fees; variable withdrawal fees

• Services include:

  • Margin trading

  • “InvestBox” pseudo-staking products

  • Internal “RoboTrade” bot features

• Supports pump-prone tokens, with few listing controls (BitDegree)

7. Risks & Red Flags

• Frequent withdrawal issues reported since 2018, with user funds locked without notice

• Anonymous management, unclear corporate ownership, and lack of legal recourse

• High number of rug-pull tokens and delisted projects

• No insurance or user protection fund, exposing traders to full counterparty risk

8. Final CyberFinance Compliance Rating

⚠️ Final Rating: ORANGE–RED SIGNAL

📌 Ratex42 Summary

YoBit remains a high-volume but high-risk exchange, operating with no oversight, poor customer reputation, and no transparency. It may suit speculative altcoin hunters, but is inappropriate for compliance-minded or institutional users.