• YoBit.Net

Overview

YoBit.Net has a rating of 2.35 stars from 95 reviews, indicating that most customers are generally dissatisfied with their purchases. YoBit.Net ranks 706th among Cryptocurrency Other sites.

  • Service
    41
  • Value
    41
  • Shipping
    33
  • Returns
    40
  • Quality
    39

This company does not typically respond to reviews

Positive reviews (last 12 months): 0%
Positive
0
Neutral
0
Negative
7
11
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How would you rate YoBit.Net?
Top Positive Review

“Onlinefraudreports.com”

Rolf S.
9/18/22

Report scams and frauds via "onlinefraudreports. Com" Online Fraud Reports is working on hundreds of cases of fraud. They provide free consultation to individuals who are victims of Forex scams, Binary fraud. Investors who are victims of securities law violations may be eligible to receive money recovered from fraudsters. Their Results Speak For Themselves - In The 1st Quarter Of 2022 they've Recovered $8,775,270 USD.

Top Critical Review

“They not only allowed £10,000 in fraud to take place but also have closed my account”

Denise E.
3/20/24

Honestly I was so excited to join such a disruptive startup exchange as I was hopeful of an excellent app experience. I had unrecognized transactions on my account and I reported it, They were useless instead of helping they just closed my account to avoid needing to help me! They not only allowed £10,000 in fraud to take place but also have closed my account taking a further £18,000 from me where I have no way of accessing it! This has not only caused me financial difficulties because I now have no access to any money but I also have payments due which will be lost too and they've also caused mental issues! Ayr,LP" has been excellent throughout the whole process of refund. Extremely professional and excellent with communications between company and client. A special thank you to Adam who was my solicitor and was amazing in the way he communicated and handled my case.

Reviews (95)

Rating

Timeframe

Other

Thumbnail of user denisee719
1 review
0 helpful votes
March 20th, 2024

Honestly I was so excited to join such a disruptive startup exchange as I was hopeful of an excellent app experience. I had unrecognized transactions on my account and I reported it, They were useless instead of helping they just closed my account to avoid needing to help me! They not only allowed £10,000 in fraud to take place but also have closed my account taking a further £18,000 from me where I have no way of accessing it! This has not only caused me financial difficulties because I now have no access to any money but I also have payments due which will be lost too and they've also caused mental issues! Ayr,LP" has been excellent throughout the whole process of refund. Extremely professional and excellent with communications between company and client. A special thank you to Adam who was my solicitor and was amazing in the way he communicated and handled my case.

Thumbnail of user cassandral272
1 review
0 helpful votes
January 2nd, 2024

At first, I thought this was great. Deposit was easy, almost too easy with having NOT to verify much as the user. Investing was easy. BUT when you try to withdrawal, they hit you with tax payment fee for that total amount in the account and the fee could be 10%, up to 20% of the total amount in the account. Once paid, they will ask you to pay an upgrade channel fee because the account have a large amount, so another 20% fee of entire account. Once paid, they will come up with a different excuse to charge you another fee. Yobit almost frustrated me, I have tried for months to withdraw my money from them, but to no avail, I almost lost hope, but thank God, megcodyrecuperatee.com came to my rescue and recoup my money from them.

Tip for consumers:
Yobit exchange is 100% scam. Don't be fooled.

Thumbnail of user virginiaf852
1 review
2 helpful votes
November 24th, 2023

BEWARE! Nothing but thieves! A random text message from a guy named Ethan Zhang about his pet. He eventually ask about crypto and told me how easy it was to make money and I should try, he knew I could do well. I started small and he hounded me to continue to add more and more up to $200K, I tried to withdraw this week with my account showing over $1million and it would not allow me to withdraw my principal without sending $15k for taxes! If I don't do that in 15 days they will add 3% fee to that. I'm sending nothing else! I just retired and this was all of my savings and Ethan guaranteed me I could get it out easy! Never told me the truth! I'm devastated and do not know what to do! I have no money left! I do not know that to do. Everything was done thru What's app, he had me screen shot everything then told me what to do! I did wire transfers to Vietnam? I am sick over this, please any suggestions? I've added pics showing the amount I had in the account, the amount I tried to withdraw and the interaction with the support person!
They will not take fees from the money you have in the account, they want you to send extra money to them! Scam! All reputable investments I've had will take the taxes out of the funds before distributions!
Ethan transferred my money from Coinbase to YoBitpro to trade. This was the initial investment, I added another $130K. $110k wired to YobitPro directly after they supposedly made me a loan, per Ethan, so we could move forward with bigger trades. I have all documentation!

Tip for consumers:
To be legitimate about business trading and to be honest and give upfront policies about their outrageous taxes they are trying to charge up front and will not take from your earnings! Red Flag! After reading lots of complaints, the whole outline is there of exactly what Ethan did! SCAMMED ME!!

Thumbnail of user marcoj81
2 reviews
1 helpful vote
October 30th, 2023

It was hell of a ride with them as i was logged out of my account with lot of fund in it, stay away from them if you care about your money and sanity, i almost lost all my money on it until i got help from Mr eric to retrieve my funds from the site. You can reach Mr eric on ericmccall628 at g m ail,com

Thumbnail of user rolfs36
1 review
2 helpful votes
September 18th, 2022

Report scams and frauds via "onlinefraudreports. Com"
Online Fraud Reports is working on hundreds of cases of fraud. They provide free consultation to individuals who are victims of Forex scams, Binary fraud.

Investors who are victims of securities law violations may be eligible to receive money recovered from fraudsters.
Their Results Speak For Themselves - In The 1st Quarter Of 2022 they've Recovered $8,775,270 USD.

Thumbnail of user ahmadk47
1 review
12 helpful votes
April 15th, 2021

Never got our money or account from this theft website be extremely careful, this is a big fraud website, put your money always wirh known names such as behance etc...

This site have telegram group lol what a fake unknown owners and no company.

Trust me we lost all money with them hopeless case to get your money back all 5 starts review are fake

Tip for consumers:
Never use this site it's fraud will put more pictures to show you what happened, .

Always put your money and investment at known names like behance. This site is operated by person not company and they act like they are russian exchange.

Till now no refund and they simply enabled 2fa login at our account and we never been able to open it again and they have telegram group to talk to people in none professional way and if someone complains they will ban from the group. All 5* rev fake

Products used:
Crypto currently

Thumbnail of user josephn1181
1 review
1 helpful vote
September 17th, 2023

I cannot thank my headline enough for their exceptional service in recovering my lost Blockchain funds. After investing $10,000, I was unable to get my money back and was even persuaded to make additional payments for taxes and verification. Fortunately, I came across my headline and decided to give them a try. His team of experts demonstrated professionalism and diligence throughout the entire process. They kept me informed and guided me every step of the way. With their experience and determination, they successfully recouped my entire Blockchain investment. I recommend extending headline anyone facing similar challenges. They really restored my faith in recovery companies

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Thumbnail of user abigaildosier
1 review
0 helpful votes
November 3rd, 2023

I decided to file a complaint against them and got back my whole funds. Contact ReCOveRi ngC oin Com, to get a refund too….top notch

Tip for consumers:
It’s all started okay and I able to deposit and withdraw at will then I added even bigger funds and then I was denied access to withdraw i tried reaching out to them to know why but I want helped so I had to contact an agency to help get back my money.RecoveRinGC oin. Com

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Thumbnail of user sethp93
3 reviews
20 helpful votes
October 31st, 2022

YOBIT is a scam organization. Once they get you to pay investment registration deposit, your troubles starts from there and you never get your money. You then get various scam brokers calling you with dodgy generated phone numbers to scam you more. This company is unregulated and they must not have access to personal info. I was rescued from them when i hired the services of (cryptiide001 outlook com) this chargeback team are life savers and they did got me my total refund.

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Thumbnail of user santosputalavageend97
2 reviews
0 helpful votes
August 1st, 2023

I don't have a lot to say other than that this is a serial fraud company and has metamorphosed into different companies over the years but in my case I got what I initially sent to them with the aid of technicians at cape ware tech

Thumbnail of user kaliv2
1 review
3 helpful votes
August 7th, 2021

Yobit.net is really one of the worst site for crypto. Three months ago my account was hacked and 1000 USD stolen. Yesterday I transferred 25k TRX, but now suddenly the wallet is in maintaince.

Not to mention the unprofessional jerk of an administrator who easily shares all your private information in the Yobit Chat.

People stay away from this site! You lose your crypto.

Tip for consumers:
never use Yobit.net

Products used:
25k TRX

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Thumbnail of user williamwilson9615294
1 review
0 helpful votes
February 13th, 2023

People buy tokens immediately after the listing, and then pour mud on the exchange. Woe-traders
If anyone does not know, then on all exchanges such hamsters are shaved. After listing, absolutely any token falls in price in 99% of cases. For me personally, the Yobit exchange is convenient and works well. I switched to it completely and trade in the spot market.

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Thumbnail of user rv104
1 review
2 helpful votes
August 14th, 2022

YoBit is a complete scam. They will not let you withdraw your funds. They will tell you that you need to continue to pay fees and eventually they will get you to pay more than what you have in your wallet. I was dumb enough to believe what the emails said. Don't make my mistake with these thieves, crooks, etc. There is a special place for these people. DO NOT USE YOBIT!

Tip for consumers:
YoBit is a scam. DO NOT USE!!

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Thumbnail of user chrisp1814
2 reviews
2 helpful votes
May 13th, 2022

Me and my partner invested a total of $14,700 with these scumbags and we didn't get a dime back from them. They constantly requested more money and always gave stupid excuses as to why we need to pay more to get our money out. I don't know where they get all these 5 star reviews but my experience with them is one out of a horror movie. Please stay away from them guys!

Tip for consumers:
contact the crypto analysis i used to get my money immediately if you are also a victim. *******472

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Thumbnail of user anthonyj857
2 reviews
4 helpful votes
April 2nd, 2022

This company is terrible, they took all my money and left me with nothing after trusting them and it
Really shattered me. I thought I had lost it all until I was introduced to h̲e̲l̲p̲@̲b̲a̲y̲c̲o̲r̲d̲. ̲t̲e̲c̲h̲ and they
Helped me get my money back. I was scared at first but after i search about them on google, i realize
They are a professional company who will help anyone who is struggling with scam companies. All thanks to them.

Thumbnail of user tionw2
1 review
0 helpful votes
December 8th, 2022

Yobit is a fraudulent crypto platform,i almost lost a lot of money to them.
If not for the aid of a n investigating firm I reac h on Q.r code that helped me get my funds bac k.
I would have been swindled of thousands of dollars.

Tip for consumers:
Scan Q.R code for aid.

Thumbnail of user jaredm185
1 review
2 helpful votes
November 17th, 2021

In my experience, you can trade money in and buy a pair that is only available on yobit.net but you can't withdrawal it as they will o\always say under maintenance so not a trustworthy exchange. Use more reputable exchanges if you don't want to have your funds frozen..

Thumbnail of user user8169
1 review
0 helpful votes
February 13th, 2023

A year ago I participated in their fork, a friend advised me. I made 10% of the deposit in two weeks and withdrew it. There were no problems. Waiting for the next one

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Thumbnail of user ivanovd
1 review
0 helpful votes
August 12th, 2022

The worst experience ever, and now i know why they open airdrops campain when russia got sanctions, lol airdrop campain which require deposits, Big Russian Scam

Thumbnail of user user5126
1 review
0 helpful votes
July 8th, 2021

Не доверяйте бирже, нервы дороже! Тех. поддержка не работает, деньги воруют с баланса. Админы и модераторы ведут себя нагло, если им начинаешь говорить правду сразу получишь бан. Твари конченые, избегайте торгов за реальные деньги, пусть биржа сидит на своих СКАМ фантиках которыми она обвешалась чтобы брить каждого трейдера. Кстати, виртуальные майнеры себе в очко Варден и Ультрамод забей, пусть чистят задний проход. Биржу нужно блокироваться в доступе интернета, это наглые твари. В данный момент больше ни рубля в биржу не вношу на счет. Берегите нервы!

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Thumbnail of user mountaim
1 review
0 helpful votes
February 9th, 2023

I personally like the crypto exchange, I don't know about the rest, I used to trade on it, now I decided to return again. Other crypto exchanges are blocking, even binance, but there will definitely not be a yobit. The only thing, in my opinion, is that there are not enough tools for trading (indicators, etc.).

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Thumbnail of user rockyb76
1 review
0 helpful votes
June 16th, 2022

Yobit blocks withdrawals if you don't pay them your taxes Read email:

The total amount of your account on this exchange is: 158,620.4948 USDT and the actual total earnings are: 139,286.******* USDT. According to the cryptocurrency tax law of the place where the exchange is registered, if your personal earnings are more than 10,000 USDT and less than 200,000 USDT, you need to pay 20% of your actual earnings to the government of the place where the exchange is registered as personal income tax.
If your personal gains are above 200,000 USDT and below 1,000,000 USDT, you will be required to pay 25% of your actual gains as personal income tax to the government where the exchange is registered.If your personal earnings are above 1,000,000 USDT, you will be required to pay 30% of the actual earnings to the government of the place of registration of the exchange as personal income tax. Collected by the exchange on your behalf, the total amount of tax you should pay is: 27,857.******* USDT, the tax payment address is: 0xa57B09ab48eF0f80FA4FC**************(ERC20)
Please complete the tax payment within 5 days after receiving the email notification, late payment will be subject to a penalty of 5% of the total tax amount per day, please check if the tax payment channel is selected correctly, the tax payment amount is correct, and the tax payment address is correct, please contact yobit customer service for verification after completing the tax payment. If you have any questions, please contact our online customer service.
Thanks again for your support of yobit exchange!

Note that they are requesting 28K to be deposited into one of their accounts.

They didn't respond to my next question:

How does the country's tax entity receive the taxes paid?

REDD FLAG - They can block your withdrawals at any point and there's no guarantee the IRS actually receives the "tax" payment

Tip for consumers:
WARNING - If you don't pay taxes to yobit directly they block your withdrawals with no recourse. RED FLAG - If they can block your withdrawal that easily, what prevents them from doing it for no reason.

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Thumbnail of user matthewh1272
1 review
2 helpful votes
June 5th, 2021

Yobit Customer Service will not close your account under any circumstances. Abrasive and Callous. I have not accessed my account in a few years. I know the user name and password and the email I set the account up with is still valid and used by me. Despite this, 2F authentication is on and the phone I originally set it up on, I obviously don't have still (phone from 2017. It's 2021). I created a ticket asking them to reset my 2F authentication, which IS AN OPTION on their website. They responded back saying it's on me because when I set it up, google authenticator apparently showed red letters saying to write something down, which is weird, because I just set up google authenticator for something else just today and it showed nothing of the sort. I then created a ticket asking them to close my account. They responded back with "Impossible. Don't use the account". Seriously? Close the account, get rid of my personal info you skeevy $#*!s. I've attached a photo of what their response was when I asked them to close the account.

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Thumbnail of user balaob
1 review
0 helpful votes
April 21st, 2022

I started my way in the crypt from this exchange and bought my first bitcoins here. Initially, there really were quite a lot of technical problems, so I went to the competitors. There were also few fixes for 2017. Now I went to check in 2022 and the changes are really significant. The speed of transactions has increased, technical support has become faster to answer questions, and the functionality has greatly expanded. I will continue to use YoBit as one of the platforms for earning money."

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Thumbnail of user clydem171
3 reviews
8 helpful votes
November 22nd, 2021

Total SCAM. No withdraw. They just take your money and that is it. Even worst than a casino. Anyways, I got my money back through normenvolk via telegram, act now dont suffer in silence.

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From the business

YoBit.net - is the leading cryptocurrency exchange operating since 2014. The platform provides the widest range of available cryptocurrencies (more than 500) and trading pairs (more than 4000). Regular daily trading volume on YoBit is more than $60 million. The exchange respects the privacy of users and allows them to trade fully anonymous without KYC and verification. YoBit.net was founded by the group of European developers and crypto enthusiasts and incorporated in Panama. Registration in the closed offshore zone helps exchange keep funds and data of users confidential without third-parties interventions.

Company Representative

Thumbnail of user petrm12
Dan Y.
YoBit administrator
Typically does not respond to reviews

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