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❕NEWS The Investbox of yobit exchange - Beware which coin you invest in

AudraMiller

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The yobit exchange has a great feature whereby you are able to invest your coins in their exchange and they will provide you with a good interest rate. These interest rates can even go as high as 10% daily interest, with the option of taking out your investment at any point. However, when you are using this feature, there is something that you should be aware of and this is from personal experience. You should be very careful which coins you invest in and for how long. If you look at the coins with higher interest rates, this is generally the coins that have more risk and decline in price faster, however lower interest rates are for more stable and well known coins. Therefore you have to be careful when investing.
 
Thanks for you input , volatile coins have higher ROI every where because they can crash easily, I will read more about yobit Exchange platforms.
 
yobit exchange is full of disadvatnges

it has been hacked in past and user funds stolen

they became bankrupt

their 700$ airdrop was a scam

their liquidity and security is still questionable

they have lost their lot of traffic after the hack and people have better choices like binance to invest in and take advantage and make profits from their investments
 
Thanks for you input , volatile coins have higher ROI every where because they can crash easily, I will read more about yobit Exchange platforms.
Yes. Also, there are many people that invest in it, and if there are whales in that coin, and if they cash out their investment weekly then you could see the price drop drastically after every week. This shows the risk with these high interest rate coins.
 

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