YoBit is a cryptocurrency exchange platform that allows users to buy and trade a range of popular cryptocurrencies, like Bitcoin and Ethereum, as well as altcoins and meme coins. It was founded in 2014, and according to online sources, it appears to be based in Russia, although it is registered in Panama. Although some may claim that it has a cluttered interface, surprisingly, it is also known for being a stripped-down, no-frills platform that offers a wide range of assets and a straightforward approach that even beginners can understand. In addition, as opposed to a lot of other crypto exchanges, YoBit also offers anonymity to its users and doesn’t demand KYC or AML verification steps when registering for an account.