Coinsbit review: Coinsbit is a cryptocurrency exchange platform that aims to provide secure and convenient trading services to users worldwide. Established in 2018, Coinsbit has rapidly gained popularity due to its extensive range of features and user-friendly interface. The platform offers a diverse selection of cryptocurrencies for trading, including major coins like Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP), as well as numerous altcoins and tokens.
One notable aspect of Coinsbit is its commitment to security. The platform employs advanced security measures to ensure the safety of user funds and personal information. These measures include cold storage for the majority of funds, two-factor authentication (2FA), and encryption protocols. By prioritizing security, Coinsbit aims to foster trust and confidence among its users.
Coinsbit further distinguishes itself through its commitment to transparency and compliance. The platform complies with Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations, which helps prevent fraudulent activities and ensures a safe trading environment. By maintaining regulatory compliance, Coinsbit aims to build credibility within the cryptocurrency industry.
| 📅 Year of Establishment | 2018 |
| 💱 Coins: | 100+ |
| 💰 Min deposit | From $1 |
| ⚖️ Leverage | 1:50 |
| 💹 Trading fees | 0.20% |
| 💳 P2P platform | ✅ |
| 📱 Mobile apps | iOS, Android |
| 🗺️ Headquarters | Estonia |
Overall Coinsbit Review
Overall, Coinsbit is a cryptocurrency exchange platform that offers a secure and feature-rich environment for trading and managing digital assets. With its focus on security, innovative features, compliance with regulations, and the introduction of its native utility token, Coinsbit has positioned itself as a prominent player in the cryptocurrency industry.
Go to Coinsbit website
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Best customer reviews of Coinsbit
The site administration cannot guarantee review accuracy and lacks the technical means to verify if authors are actual customers. Reviews lacking detail and purely emotional in nature are disregarded.
One of the distinguishing features is the robust security measures applied by Coinsbit, which allow me to have peace of mind knowing that my funds are protected. In addition, the platform's customer support team responded promptly and kindly to any questions I had. Overall, Coinsbit exceeded my expectations and is the best choice for cryptocurrency trading.
Indonesia
The security measures are standard, but I have not encountered any major issues or concerns regarding the security of my funds. Support is generally responsive, although response times can vary. Coinsbit provides a solid trading platform, but it lacks some of the advanced features and additional services offered by other exchanges.
Turkey
The platform lacks transparency and has a limited selection of cryptocurrencies available for trading. I encountered technical issues, such as slow load times and periodic system crashes, which negatively affected my trading experience. The support team responds slowly and often gives general answers that do not address my specific concerns. Furthermore, the security measures in place seem inadequate, and I am skeptical about the security of my funds. Overall, I cannot recommend Coinsbit as there are more reliable and convenient cryptocurrency exchanges on the market.
Italy
Expert Review
Expert Review of Coinsbit
As a financial expert, I have thoroughly evaluated the reliability of the Coinsbit exchange. Coinsbit demonstrates a commendable level of reliability, providing users with a secure platform for cryptocurrency trading. The exchange has implemented robust security measures, including cold storage for the majority of funds, two-factor authentication, and encryption protocols. These measures help protect user funds and personal information from potential threats.
Coinsbit's commitment to compliance with Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations further enhances its reliability. By adhering to these regulations, Coinsbit helps prevent fraudulent activities and maintains a safe trading environment for its users.
Moreover, Coinsbit offers a reliable and user-friendly interface, facilitating seamless trading experiences. The platform supports various trading options, including spot trading, margin trading, and futures trading, catering to different investment strategies and preferences.
In conclusion, as a financial expert, I find Coinsbit to be a reliable cryptocurrency exchange. Its strong emphasis on security, compliance with regulations, user-friendly interface, and proactive approach to addressing technical issues contribute to its overall reliability. However, as with any financial platform, it is always advisable for users to exercise caution and conduct thorough research before engaging in trading activities.
Financial expert and analyst at TradersHero.com
Risk Warning. Trading on Coinsbit, like any other cryptocurrency exchange, carries certain risks that users should be aware of. One of the main risks is the inherent volatility of the cryptocurrency market itself. The prices of cryptocurrencies can fluctuate significantly within short periods, which can lead to substantial gains or losses. It is essential for traders to understand and accept the potential for such price volatility.
Coinsbit Ern
Investment Programs
On Coinsbit, there are various ways to potentially earn money. Here are some programs or features that you can explore on the platform:
Steaking is the process of locking or holding cryptocurrency in a special wallet for additional rewards. When you participate in steaking, you are investing your coins to keep the blockchain network running.
It is important to note that the specific steps and details of the staking process may vary depending on Coinsbit's platform and available staking programs. It is recommended to thoroughly review the staking terms, conditions, and associated risks before participating in any staking program on Coinsbit or any other platform.
Disclaimer: The information provided here serves informational purposes only and should not be considered as financial advice. Staking cryptocurrencies involves inherent risks, and it is essential to conduct thorough research and consult with a qualified financial professional before making any investment decisions. The risks associated with staking include price volatility, lock-up periods, platform risks, reward variability, potential loss of funds, and limited liquidity. Each staking program and platform may have its own terms, conditions, and risks, which should be carefully evaluated. It is the responsibility of the individual to assess their risk tolerance and make informed decisions when participating in staking activities.
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Conditions
Trading Conditions for Coinsbit Users
Coinsbit offers a range of trading conditions for its users. Here are some key aspects of the trading conditions on Coinsbit:
Trading Pairs: Coinsbit supports a wide variety of cryptocurrency trading pairs. Users can trade major cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP), as well as numerous altcoins and tokens.
Trading Fees: Coinsbit charges trading fees based on a flat fee model, where both the buyer and seller in a transaction pay the same fee. The trading fee is set at 0.20% of the order value, which is in line with industry averages.
Deposit and Withdrawal Methods: Coinsbit offers multiple deposit and withdrawal methods to provide flexibility to its users. Users can make deposits using wire transfers or credit card payments, enabling easy entry into the cryptocurrency market.
Liquidity: Coinsbit aims to provide good liquidity for trading by maintaining a significant trading volume. This helps ensure that users can execute trades smoothly and without significant slippage.
Staking Rewards: Coinsbit offers a Staking pool where users can stake their cryptocurrencies and earn rewards. The specific staking rewards and conditions may vary depending on the staking program and the cryptocurrency being staked.
OTC Trading: Coinsbit has an OTC-desk where users can execute larger trades with quick settlement. This allows for more convenient and efficient trading for users who prefer to execute trades outside of the open market.
| 📅 Year of Establishment | 2017 |
| 💱 Coins: | 100+ |
| 💰 Min deposit | From $1 |
| ⚖️ Leverage | 1:50 |
| 💹 Trading fees | 0.20% |
| 💳 P2P platform | ✅ |
| 🔁 Copy Trading | ❌ |
| 📈 Directives | ✅ |
| 📊 DeFi Staking | ✅ |
| 🖼️ NFT | ❌ |
| 🏦 Crypto Loans | ✅ |
| 🔓 Demo account | ✅ |
| 🚀 Launchpad | ✅ |
| 📱 Mobile apps | iOS, Android |
| 📞 Customer Service | Forums, Chat, Email |
| 👩💼 Support | 24/7 via Email, FAQ Section, & Live Chat Support |
| 🗺️ Headquarters | Estonia |
Risk Warning
Comparison
Comparison of Coinsbit with other Crypto Exchanges
Crypto Exchanges comparison table of trading instruments
Commissions
Coinsbit Accounts, Commissions & Fees
Accounts on Coinsbit: Coinsbit offers individual user accounts for traders to access the platform's features and services. Users can create an account by signing up on the Coinsbit website and completing the registration process.
Commissions: Coinsbit charges trading fees based on a flat fee model. Both the buyer and seller in a transaction pay the same fee, which is set at 0.20% of the order value. This fee is in line with industry averages and applies to trades executed on the platform.
Fees: Coinsbit may have additional fees associated with certain services or actions on the platform. These fees can include withdrawal fees, deposit fees, or fees for specific features or services. It is recommended to review the platform's fee schedule or contact Coinsbit's customer support for the most up-to-date information on fees.
Please note that fees and commissions may vary over time, and it is important to refer to the official Coinsbit website or contact their customer support for the most accurate and current information regarding account setup, commissions, and fees.
Owning CNB tokens can give you the opportunity to get reduced trading commissions when you make transactions on the exchange. This can help reduce your trading costs and increase your profitability.
Coinsbit offers different account types with varying withdrawal limits. Here's an overview:
- New Accounts: When a new account is created on Coinsbit, there is initially a withdrawal limit of 0 USD (or equivalent) per day. This restriction is implemented as a security measure for newly created accounts.
- Basic Accounts: Basic accounts on Coinsbit have a withdrawal limit of 500 USD (or equivalent) per 24 hours. This limit applies to the total amount that can be withdrawn from the account within a 24-hour period.
- Enhanced Accounts: Enhanced accounts on Coinsbit come with a higher withdrawal limit of 100,000 USD (or equivalent) per day when 2FA (two-factor authentication) verification is enabled. To qualify for an enhanced account, users need to complete a verification process. Once the verification is successfully completed and 2FA is enabled, the higher withdrawal limit becomes available.
It's important to note that these withdrawal limits are subject to change and can depend on various factors, such as user verification level, security measures, and regulatory requirements. For the most up-to-date and accurate information regarding account types and withdrawal limits, it's advisable to refer to the official Coinsbit website or contact their customer support.
Fee for deposit and withdrawal
 BTC | 0 BTC | 0.0005 BTC | 0.00001 BTC | 0.001 BTC |
 ETH | free | 0.0026 ETH | 0.0007 ETH | 0.0027 ETH |
 USD | 0.8% (Min: 2 USD, Max: 100 USD) + ADV | 0.4% (Min: 2 USD, Max: 100 USD) + ADV | 10 USD / 30 USD | 15 USD |
 $ADoge | free | 118523 $ADoge | 0 $ADoge | 118524 $ADoge |
 $AOW | free | 88529 $AOW | 0 $AOW | 88530 $AOW |
 $BACK | free | 3067484 $BACK | 0 $BACK | 3067485 $BACK |
 $BWH | 15% (Min: 0 $BWH, Max: 9000000000000000 $BWH) | 8993 $BWH | 0 $BWH | 8994 $BWH |
 $COLLAR | free | 82061 $COLLAR | 0 $COLLAR | 82062 $COLLAR |
 $LESLAR | free | 620017 $LESLAR | 0 $LESLAR | 620018 $LESLAR |
 $LGBT | free | 1070663811563 $LGBT | 0 $LGBT | 1070663811564 $LGBT |
 $METANIA | free | 1850 $METANIA | 0 $METANIA | 1851 $METANIA |
 $PC | free | 122 $PC | 0 $PC | 123 $PC |
 $PDL | 7% (Min: 1e-9 $PDL, Max: 99999999999 $PDL) | 10 $PDL | 0 $PDL | 11 $PDL |
 0xPAD | free | 150 0xPAD | 0 0xPAD | 151 0xPAD |
 18D | free | 70000 18D | 0 18D | 70001 18D |
Risk Warning
Final review
Detailed review of Coinsbit
Coinsbit is a centralized cryptocurrency exchange that was launched in August 2018. It is registered in Estonia and offers a range of features and services to facilitate cryptocurrency trading.
Coinsbit provides a user-friendly interface that is intuitive and easy to navigate. The platform offers a clean layout with clear sections for trading, balances, order history, and other functionalities. Users can access the platform via both web and mobile applications, allowing for trading on the go.
Coinsbit prioritizes the security of user assets. It implements advanced security technologies, including two-factor authentication (2FA) and cold storage for funds. Encryption and monitoring mechanisms are employed to safeguard user data and ensure a secure trading environment.
The exchange supports a wide variety of trading pairs, including major cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP), as well as numerous altcoins and tokens. Users can engage in spot trading, buying and selling cryptocurrencies at real-time market prices.
With its significant trading volume, Coinsbit offers good liquidity on the platform. This enhances the trading experience by enabling easier execution of trades, tighter bid/ask spreads, and reduced slippage.
Coinsbit aims to foster a vibrant community of cryptocurrency enthusiasts. The exchange conducts various campaigns, competitions, and promotions to engage users and encourage active participation.
In conclusion, Coinsbit is a user-friendly cryptocurrency exchange offering a range of features and services. With its strong security measures, good liquidity, and diverse trading options, it provides a platform for cryptocurrency enthusiasts to engage in secure and convenient trading.
Advantages:
Coinsbit offers several advantages for cryptocurrency traders. Here are six key advantages of using Coinsbit:
Coinsbit Regulator
Coinsbit is a cryptocurrency exchange that is registered in Estonia. Estonia has been proactive in establishing itself as a favorable jurisdiction for cryptocurrency companies and has introduced regulations to govern the operation of cryptocurrency exchanges. However, it's important to note that regulations can evolve and vary over time, so it's recommended to refer to the official Coinsbit website or consult with legal professionals for the most up-to-date information on Coinsbit's regulatory compliance.
Coinsbit aims to comply with relevant legal and regulatory requirements in the jurisdictions where it operates. This includes implementing Know Your Customer (KYC) procedures, which may involve users providing identification documents to verify their identity and comply with anti-money laundering (AML) regulations.
To ensure a secure and compliant trading environment, Coinsbit also emphasizes strong security measures, such as two-factor authentication (2FA), cold storage for funds, and encryption techniques. These measures are implemented to protect user assets and maintain the integrity of the platform.
It's important for users to familiarize themselves with the applicable laws and regulations in their own jurisdiction regarding cryptocurrency trading and exchanges. This will help ensure compliance with local regulations and allow users to make informed decisions when using Coinsbit or any other cryptocurrency exchange.
Risk Warning
Promotions
Bonuses Paid by the Coinsbit
Bonuses
Coinsbit has been known to offer various bonuses and promotional campaigns to its users. These bonuses are often aimed at incentivizing trading activity and promoting engagement on the platform. While specific bonus offerings may vary over time, here are some examples of bonuses that Coinsbit has previously provided:
It's important to note that bonus programs and promotions can change over time, and eligibility criteria may apply. Users are advised to visit the official Coinsbit website or subscribe to Coinsbit's newsletters and social media channels to stay updated on the latest bonus offerings and their terms and conditions.
Education
Review of the Coinsbit Education Program
Coinsbit has not introduced a specific educational program. However, cryptocurrency exchanges often provide educational resources to help users expand their knowledge and understanding of cryptocurrency and trading.
An exchange may offer educational materials such as blog articles, tutorials, guides or video content to help users learn about cryptocurrency trading concepts, market analysis, risk management and other relevant topics. These resources can be useful for both beginners and experienced traders looking to expand their knowledge and skills.
It is recommended that you visit Coinsbit's official website, explore the educational resources section, or contact support to get the most up-to-date information on any educational initiatives they may have introduced since my last update. In addition, there are many external educational resources such as online courses, forums and educational platforms that can add to your understanding of cryptocurrency trading.
Online Courses:
Please note that the availability, content, and pricing of these courses may vary over time. It's advisable to visit the respective online learning platforms mentioned to get the most up-to-date information about these courses and explore other options based on your specific learning goals and preferences.
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Introduction to Crypto Mining: How to Start Mining Cryptocurrencies at Home
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Rating and Comments
Coinsbit Users Reviews 2024
Authors:
Roman Mukhin
Financial expert, analyst and author
Jane Emberg
Financial analyst and editor
Long withdrawals. There were delays in processing my withdrawals, and the verification process for large withdrawals was cumbersome and time consuming.
I have experienced technical issues on the Coinsbit platform, such as slow load times and delays in order execution. These issues have negatively impacted my trading experience.
Coinsbit has a user-friendly interface that makes it easy to navigate and place trades. However, the platform could benefit from more advanced charting tools and technical analysis indicators.
Customer support on Coinsbit is responsive and helpful, responding to my queries in a timely manner. However, it would be helpful if they expanded their support channels to include chat or phone support.