{"id":2136,"date":"2021-09-14T23:55:00","date_gmt":"2021-09-14T23:55:00","guid":{"rendered":"https:\/\/deficoins.io\/?p=2136"},"modified":"2021-09-15T16:41:19","modified_gmt":"2021-09-15T16:41:19","slug":"yobit-net-defi-review-everything-about-the-platform-explained","status":"publish","type":"post","link":"https:\/\/deficoins.io\/review\/yobit-net-defi","title":{"rendered":"YoBit.net DeFi Review – Everything About The Platform Explained","gt_translate_keys":[{"key":"rendered","format":"text"}]},"content":{"rendered":"

The introduction of decentralized finance has created a new playground and stance for cryptocurrencies globally. As a result, there is more adoption of digital assets into several mainstreams and an increase in awareness for virtual currencies.<\/span><\/p>\n

Decentralized Finance (DeFi) comprises some financial applications that are built on blockchain technologies. DeFi alters the usual procedures of the traditional finance world through the use of smart contracts. These remove the influences of intermediaries in executing transactions, and access is granted to all through an internet connection.<\/span><\/p>\n

Defi created a new direction on finance by allowing users to lend and borrow cryptocurrencies. Through such opportunities, lenders can earn annual yields, and borrowers get served with specific interest rates. Thus, the ecosystem satisfies the financial needs of the crypto community.<\/span><\/p>\n

YoBit.net, as a DEX, is playing a vital role in the Defi space by providing different digital assets for users. The exchange supports over 8,500 crypto-crypto and crypto-fiat trading pairs.<\/span><\/p>\n

The exchange offers users the platform to access the different crypto pairing in the digital markets through its simple and easy-to-use interface. Also, users of the platform don\u2019t pass through AML and KYC verification processes before utilizing the platform, unlike most exchanges. <\/span><\/p>\n

Furthermore, YoBit.net doesn’t restrict customers from any geographical location in the world. Therefore, anyone can access and use the platform to enjoy the benefits of decentralized finance in cryptocurrency.<\/span><\/p>\n

Visit The Official <\/b>Website<\/b><\/a><\/p>\n

Yobit.net Exchange<\/b><\/h2>\n

Yobit.net is a decentralized exchange that provides a wide range of trading of several cryptocurrencies. Founded in 2014, YoBit has strived to surface as one of the reputable platforms in the Defi space. A group of European crypto developers and enthusiasts are the founders of YoBit.net.<\/span><\/p>\n

\"YoBit.net<\/p>\n

The exchange is incorporated in Panama and maintains a good record among the older exchanges in the crypto space.<\/span><\/p>\n

Yobit\u2019s sustainability and performance through the years depend majorly on some of its features which include:<\/span><\/p>\n