Why should I open a Yobit Account?
YoBit is a cryptocurrency exchange that that offers ease of use for registration and the trading page, balances, trade history, and market coin information consolidated on its homepage. YoBit offers users English, Chinese, and Russian language trading pages, but one of their main selling points is listing many obscure crypto coins not available on other exchanges. This tutorial will guide you through all the steps from registering your account to making your first trade.
Head over to YoBit and you will be shown the main page. At first, this appears like an overwhelming amount of information. At the top, you have the navigation menu where you can check the coin market pairs, your cryptocurrency wallet balances, registration and login, and an interesting section called free coins (they are basically coin donations from other users, usually miniscule amounts).
How do I open a Yobit trading account?
Step 1: Go to Yobit Website
Click here to go to Yobit, the link will open in new window so you can still follow this guide.
Step 2: Complete the Sign-Up Process
Click on the ‘Register’ button which is present in the right corner of the webpage and provide all the required information. For Password, follow the guidelines and make a strong password. Finally, retype your password and then click the ‘Register’ button. Check your email account inbox where you will get an email for confirmation of the new account.
Step 3: Deposit funds
On the left panel of the Yobit.net main page, you have your account balances at the top and the coin market at the bottom. There is a search bar also if you just want to jump straight to the coin you want by entering its symbol.
The top of the center panel has the price chart for the cryptocurrency pair you want - by default it is set to Ethereum/Bitcoin (ETH/BTC).
Below that is the buy and sell section where you can manually enter in how many coins and at what price you want to buy/sell at. At the bottom of the center panel, you have all the currently available buy and sell orders.
First you need some bitcoins in your Yobit wallet. At the menu at the top, select the wallets section. You will be taken to a page that looks like this.
The wallets page shows the name of the coin, the current balance, how much is waiting in deposit, how much of the coin is tied up in orders/buy calls, the estimated value of the coin in bitcoins (BTC), and options for depositing and withdrawing. from the account. We want to select the option for depositing bitcoins (circled in the image below).
If you do not have bitcoins, you can easily buy some from Coinbase, we have a tutorial on Coinbase located here. If you want to purchase Bitcoins without extensive ID verification, we have a guide that lists 10 places you can buy them from. That guide can be found here.
For this tutorial we will use Coinbase, but you are free to use any bitcoin wallet. Open up a separate tab on your browser and log into Coinbase to access your bitcoin wallet. Select the send option under your BTC wallet.
Now go back to the tab with the YoBit wallet page. Select the deposit symbol "+" and you should be presented with this window. There should be a long string of alphanumeric characters (circled in red in the image below). That is your bitcoin address.
Now copy that address. Switch back to the tab with Coinbase. Paste your address that you copied from Yobit into the address field. Enter the amount of bitcoins you want to send. If you enter in a US Dollar amount, it will automatically show you the conversion rate to Bitcoin (BTC). Now send the bitcoins and wait. This process can take anywhere from 15 minutes to a few hours depending on volume activity. Once your bitcoins are deposited into your Yobit wallet, it will show up in the balances. Now you are ready to trade!
Click here to go to Yobit, the link will open in new window so you can still follow this guide.
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