Do Not Use the Yobit Exchange to Trade XTRABYTES!

yobit exchange

Can you imagine buying cryptocurrencies on a centralized exchange and never being able to retrieve them again? Not because of a hack, but merely because an exchange refused to update their wallet? That is what XTRABYTES investors experienced when attempting to withdraw funds from the Yobit exchange in late 2017. Unfortunately, multiple attempts by XTRABYTES to resolve this situation have failed.

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Given that we will be attracting new investors soon, we believe it’s imperative to restate this danger once again. We have removed all links to Yobit and will continue our warnings on multiple channels. In addition, we’ve also created a video tutorial on how to move your coins to a wallet. Ultimately, any funds left on an exchange do not belong to you, and thus they can be lost at any time.

The WAVES Alternative

As it’s best not to leave coins on an exchange, XTRABYTES Lead Developer Borzalom has created a WAVES gateway as an alternative.  As XTRABYTES Co-Founder CCR explains:

DEX that offers a safe and secure environment to buy, sell and trade XTRABYTES coins. Moreover, you can rest assured your coins are safe, as all trading activities can be viewed in real time on the block explorers. Also, the Waves DEX lists XTRABYTES and XFUEL as a trading pair. With the upcoming expansions of XFUEL usage, we anticipate that this open pairing will be very popular. Additionally, both coins pair with BTC, ETH, LTC as well as several other coins.

Being a DEX, WAVES is a much safer alternative. To setup up, open your local wallet and follow these instructions.  Remember, It’s your responsibility to ensure that your investments are safe from theft or loss.

Would you like to know more?

We don’t just publish articles, XTRABYTES™ is a whole new blockchain platform that allows DApps to be programmed in any language, utilizing a new consensus algorithm called Proof of Signature. In doing so, XTRABYTES™ presents a next – generation blockchain solution capable of providing a diverse set of capabilities to the general public.

You can learn more on our website where you can also help to spread the word through our bounty program and get rewarded in XFUEL™, or join our community and hop into the discussion right now!

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