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Yobit Cryptocurrency Exchange in Singapore
Yobit is one of the most user-friendly digital asset exchanges and is also one of the most feature-rich platforms to buy and sell cryptocurrency.
Background Information About Yobit
Founded in 2014, Yobit was incorporated in Panama by a group of crypto enthusiasts and traders from Europe. Known for its simple-to-use interface, the Yobit exchange offers the widest range of available tokens for trading on the market. Moreover, it also facilitates users with trading of fiat money- cryptocurrency pairings. In contrast to many other exchanges, this platform allows users to trade anonymously without KYC and a formal verification process. Today, Yobit is one of the leading cryptocurrency exchanges globally and it also has a huge user base in Singapore.
Table of content
Pros
- Easy-to-use intuitive interface
- Allows users to trade anonymously
- Quick registration process
- Lucrative bonus on getting registered
- Wide range of tokens available for trading
Cons
- Limited information on the website
- Poor customer support
Features of Yobit Singapore
Below are the key features of Yobit Singapore:
- Trade: this feature is the main interface of Yobit that is useful for investors and traders, allowing them to buy and sell cryptocurrencies and do other transactions.
- Market: it serves as an alternative option to the “trade” page where users can search and choose the pairing they wish to trade. After selecting the pair, the Yobit platform will automatically redirect you to the “Trade” page.
- Wallets: with this feature, a user can access his/her wallet for making deposits, withdrawals, viewing transaction history, or check the balance in the wallet. You also get the option to hide wallets with zero balances to limit the number of wallets in view.
- InvestBox: it allows investors and traders an opportunity to invest their coins and earn from them. Along with providing a list of available investment plans and multiple choices to invest in, this page also provides a summary of customer investments and history of investments.
- YoDeFi: with this feature, users get YoDefi coins for liquidity, wherein they can actively sell or buy orders on pairs. Yobit pays about 700+ YoDefi tokens proportionally for all users every 10 minutes.
- VMining: this feature allows you to buy a virtual miner and to earn in everyday tokens.
How to create a Crypto account at Yobit Singapore?
Below is the step-by-step process on how to create an account at Yobit:
Step 1: Go to the official website of Yobit, and then click on the “Registration” button.
Step 2: After clicking on the “Registration” button, you will be redirected to the sign-up page, where you have to fill in your email address and create a password.
Kindly note that while creating the password, it is recommended to have a minimum password length of 8 characters, and it must contain one capital letter, one special character, and one number.
Step 3: Next, you have to read and accept the company rules of Yobit.
Step 4: You have to check the “I’m not a robot” option, and confirm the “CAPTCHA” and then click on the “Register” button.
Step 5: After this, you will now receive a verification email from Yobit. Open your email inbox and click on the “Verify Email” link in the email you received from Yobit to verify your email address.
Step 6: Upon clicking on the verification link, you will be redirected to the Yobit website, and you are ready to get started.
Bonus
Yobit
How to fund your Yobit account with USD or RUB?
Yobit allows you to make deposits in USD, BTC, RUR, among other crypto and fiat currencies.
Note:
- For making USD deposits, you can make use of OkPay, PerfectMoney, Capitalist, and Payeer.
- For making RUR deposits, you can make use of Payeer, QIWI, and Capitalist.
- In order to make deposits, you have to go to the wallets page
- Next, you can browse through the currencies by using the scroll bar or the search bar
- Now, you have to choose the currency you want to deposit and click the “+” button, and then follow the instructions.
Free quently asked questions
1Is Yobit Cryptocurrency Exchange in Singapore trustworthy?
Yes, Yobit is a registered exchange incorporated in Panama and has been at the forefront of the crypto market since 2014.
2Does Yobit charge any fees on withdrawals?
Yes, Yobit charges a fee on withdrawals based upon the asset class withdrawn and withdrawal method used by customers. In the case of cryptocurrency withdrawals, Yobit charges a commission fee at the time of withdrawal, and for coins, Yobit charges a flat equivalent of 0.0005 Bitcoin.
3Are there any trading fees at Yobit?
Yobit charges a flat rate of 0.2% for the buying or selling of cryptocurrencies, and the fees are automatically calculated and included within each buy/sell order.