Post
Topic
Board Trading Discussion
Re: yobit or hitbtc
by
Mpamaegbu
on 05/07/2018, 11:57:43 UTC
Yobit - A supposedly russian exchange that is not registered anywhere so they can say f*** you, we can't process your withdrawal request after a month.
Hitbtc - You can't trade small amount and they might keep asking for a hell lot of documents and even origin of your funds before they process your withdrawal if amount involved is large.

I would suggest you to only use binance which have enough liquidity and you don't have to pass KYC to trade small amount.  
Your last paragraph is suggestive that you may not have actually read the whole OP. The writer is seeking a choice between Yobit and Hitbtc, not any mention of Binance there.

OP, I can tell you a bit about Hitbtc. I had an account opened with them in February this year just on the same day I opened one with Yobit. But I only started using that Hitbtc exchange in June. To my chagrin, I discovered that Hitbtc has exorbitant commission charges. The exchange even charges you for each deposit you make to its site ( I am not talking of withdrawal charge) and still charges commission for trading. This is really crazy. I would've withdrawn my cash immediately I noticed that if I had another exchange trading the crypto I needed to buy. How on earth is that a good practice? For me, I feel it's shady. As for Yobit, I am yet to fund that account. Do, I can't say how it works.