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Hey guys, have you hard about Coinsbit..? Well at this moment this exchange is staying at top 50 exchange in CMC. I just want to know some point about this exchange (Good and Bad both). If you know something please let me know.

1. How much trust able this exchange..?
2. Tell me some good stuff about this exchange.
3. What is the worst thing about this exchange..?
4. What is your experience or personal opinion about this exchange..?
5. Should i start my trade in this platform..?

TIA  :-* :-*

Best Regards,
-Prince

Absolutely no reason to use their platform. There are safer alternatives such as Bittrex and Binance. You can take a look at JollyGood's threads[1][2] for more details.

[1] https://bitcointalk.org/index.php?topic=5192497.0
[2] https://bitcointalk.org/index.php?topic=5190706.0

Coinsbit has a good review,
Coinsbit main features and services:
Coinsbit is a comprehensive trading exchange for both Fiat and digital currencies.
IEO Launchpad
API for convenient auto trading
InvestBox
P2P Loans
Referral Program.
you can try it...

I have never traded on a Coinsbit exchange, so I don't know the good and bad that I experienced, many people say Coinsbit is a scamer exchange that has a lot of problems with withdrawals and deposits.

And Coinsbit is now being talked about because Airdrop just registered on the Coinsbit website and got a CNB token equivalent to $ 500 and can be traded in January 2020.

So I know the Coinsbit exchange because the airdrop is being discussed in the crypto community.

Coinsbit is 47th top exchange according to this article: https://hackernoon.com/overview-of-4-exchanges-tokens-binance-coinsbit-exmo-huobi-7llw42xf

Looks like a healthy exchange. https://coinmarketcap.com/exchanges/coinsbit/

Check out this review/rating on coinsbit:  https://www.cointelligence.com/exchanges_list/coinsbit/

See what Bitcointalk members are saying about the exchange: https://bitcointalk.org/index.php?topic=5185065.1400

I had heard about coinsbit from scam accusation board as already mentioned by @OmegaStarScream. Main thing they broke forum rules by bumping thread and they used paid bumping service. In a result moderators deleted their main thread and they turn into another thread. But fortunately they never stop using bumping service. However, I had not used them and there is no enough reason go trade with them. But this is quite reasonable to avoid them instead. Better to find some well reputed exchange and go to there for trading.

I find p2pb2b to be shady and i didnt expect that they are correlated with Coinsbit in that case then i wont consider for this exchange to be a good choice.

I dont have any experience on using up this platform even to those below top 10 exchangers on CMC i dont consider on using them up.

I do not trust that platform. after reading the JollyGood thread.
many points support the truth of the thread. and the platform launched CNB airdrop with an estimated $ 500 / account. it's very tempting, and I am one of the participants for the airdrop. don't believe in exchanging there but for free airdrop 50/50 trust  ;D ;D ;D

Honestly haven’t used Coinsbit exchange, but once I found out issues like this I will be hesitant to use their platform anymore.

I think OP is just conducting a survey, if how many people are satisfied with the platform services.

Its depends on you because we don't know which token you want to trade.just giving you my experience,then decide is it good or not.
1. I didn’t find any issue when i used it.  
2. I don’t know the exact news but i saw an article that 95℅ of there assets in cold storage.
3. BTC withdrawal fee is very high. 0.0012‌~11$
4. My experience is average.
5. Its depends on you mate.But i prefer to use binance because binance is old exchanger and fees lower than coinsbit.          

Stay away on that exchange site or find the reputable one. You can choose Binance as the number choice of all traders because they had experienced a good service on this exchange. You might check also on Trustpilot review all are have negative feedback regarding that exchange. https://www.trustpilot.com/users/5d9c214b90954823db3950ba. No doubt you will be the next victim if you insist to use this.

I'll tell you this, if you are the gambling type of trader this platform is for you as it has an invest box, their own token, IEOs and all kind of things. It's a rather new exchange so they don't have passed the test of time yet. Looks like they have good customer support, but they lack on the trading offerings. They have a 0.20% fee/trade which is too high to be competitive when you have only 0.10% with option to go down to 0.03% on Binance. And take into account that you need to verify(KYC) your account in order to withdraw.

So the main question is: why would you even try trading on this platform when you have much better options like Binance, Bittrex, GDAX?

Hope you made a good sarcasm at this point..  ;D ;D



Thanks for sharing such a good info. I think @JollyGood have some good point. The way he presentation his point people will think twice before they start their trade with those exchange i think.

Coinsbit and P2PB2B are the same owners, and because they are the same owners, they are equally liable to create fake volumes for people to see their prices go up.

Here my IEO token is listed and its price is now at $ 0.2 one I'm sure if its listed here it will drop that price!

Apparently, anyone v with good programmatically control, those who can manipulate the number of fake volumes will be included in those ranking of CMC.
You can even see P2PB2B exchange included on top 5 lmao which is reported for wash trading and having too many scam accusations here. There are lots of alternatives, instead of using this one.

Never heard this exchange before but recently I just found some token that I hold before like Gold is listed on their exchange it is another option for me to sell the token in the future.

The only weird thing that I heard from them that they are based in Ukraine but they're registered located in Arizona according to whois from here (https://www.whois.com/whois/coinsbit.io) look the state is located to Arizona, US.

The domain is pretty new it was created last year and possibly the reason why the coinsbit is getting rank in coinmarketcap and coingecko it's because of fake volume. It is likely the same as yobit because they also offering an investbox they just giving you a different designed compared to yobit.

Overall for me, they still have many shady activities and we can't trust their exchange so better to trade on other exchanges than this just to be safe but if you are holding a token or coins only listed on this exchange better wait for new exchange that the token or your coins is listed.

I just know those exchanges are scammers.
I've traded several times on coinsbit and works fine, i think i'll withdraw all my assets from there right now.
And also i've doing an airdrops with KYC there, i hope nothing bad will happen with my identity on the future.

I think there are already victims of coinsbit exchange. You should be able to be careful when trading at the exchange, I suggest you do not use your trading capital too much in this exchange because it will make you lose if something bad happens. it can happen anytime without you knowing.

Yeaah... both are shit exchanges, even though the order book hasn't changed but the trade history keeps moving, how could this happen lol! What's worse, although there are already many traders who complain about "fake volume" but they still ignore it. So there is no reason to trade in these both exchanges

I don't know what's really going on with the community. First, it was Vindax then something about p2pb2b exchange? I really haven't heard of any of those exchanges, that's why I'm surprised as to why suddenly members here starting to ask or shilling for the said exchanges.

We all know that the first rule of the day and not to trust new exchanges unless they established their reputations. So I must say that it's better to stick to known trading platform, just saying.

As the exchange been not into good review and feedbacks, why use it if there are exchanges that are tested and been useful in their updates and system support. Binance, kucoin is a must use, if your coin will only be listed in that exchange then that's the only time to use it but for bulk trades then do not do so better use those exchanges that did not receive a lot of negative feedback.

Would you please tell me details why you showing your interest about this exchange..? I mean you you are talking about good review but i can see maximum people saying it's scam. And those features and services you are talking about that's not proof it's a trust able exchange.

In my opinion trust is most important thing now days in crypto world. So have you any source that people can change their mind about Coinsbit exchange..?

Seriously passing up some Kyc for airdrops? How pathetic for someone who do comply for shit tokens been given.Above links given above by other members is already an enough
proof for us to know that this exchange shouldnt really be trusted.There were lots of exchangers in low rankings arent really that trust-able.So we should be careful on selecting which one.Just to think that we do have lots of top ranking exchangers then why people do still lost into the path on selecting these unpopular ones?

Coinsbit is like a brother exchange of P2PB2B. If you ever tried both exchanges, you already know that. Coinsbit and P2PB2B interface, exchange system, UI almost the same, just the color differences! So, P2PB2B is a famous shit exchange, now think about Coinsbit! Yes, it is shit exchange by full of fake volume. I had to try this shit exchange to sell BQTx bounty token! You have better options to trade, choose one from Binance, Coinbase Pro, Bitmex, Gateio and avoid all those shit exchanges!

Do you really thing that problem with deposits and withdraws are reliable point to define an exchange..? I mean couple of years ago many people thought HitBTC was a scam exchange because of their deposit and withdraws problem (include me). But now see they still run their exchange perfectly.


Thank you for your information. I strongly appreciate it. :)


Yes, i think you are right. It's quite reasonable to avoid them. :)

Coinsbit exchange is not good at all, their IEO launchpad is shit, invest box is a ponzi scam scheme, this exchange is full of fake volume. Actually, I haven't seen any positivity of this exchange! So, everyone should avoid this exchange as we have plenty of good exchange already.

Coinsbit doesn't seem much of a transparent exchange to me. In a I usually avoid these less popular exchanges, no matter how good it seems to be at face value, things can easily get messy with them. Loss of funds is inevitable. There are other better and more reputable exchanges out there that should provide your needs very well.

I wonder why this exchange and p2pb exhchange has so good reputation on coinmarketcap.
It showed us a very big volume daily, maybe coinmarketcap should consider trading bots, or they have to banned the bad reputation exchanges in the community, so people won't get tricked and trade their assets there

First reason why I would not use them is because they don’t fall within the top 10 exchange that we have in the market and which is my own strict policy to use any exchange that fall within that range because one really should be very careful with exchanges as some of them have very high volume because they are artificially created and when you use their platform for trading is when you realized this, but then, it would have been too late for you to move your money out of the exchange because of the fee they will charge you for doing so.

I prefer to just use exchange like binance and huobi for this. That is not to say that this exchange may not be great, they might be great, but I just would not use it for some personal reason which I don’t even know anything about them.

To be honest i dont have yet try this coinsbit exchange but i always heard on my friend that this exchange is legit and part of top 50 exchange, but right now i am not trying to used it because i am still more confident on using top exchange like binance and hitbtc i feel more safe.

A good trader won't trade on these shit exchanges! I really feel wonder who trade on these shit exchanges, who make the volume high? Ok, coins bit has fake volume, but I don't think it's all volume is fake, at least 20% volume is real! People should avoid such fake bot volume exchange!  I used this exchange only to sell my bounty tokens, nothing else!

As far as I know, this exchange has recently conducted the distribution of coins which are coins of the exchange, which cannot be sold or withdraw something to be done.

I don’t see any reason to use this exchange for trading or for some other purposes, because there are a lot of time-tested good exchanges with real volumes on the market.
To not offer new exchanges, for starters it takes some time to understand whether these exchanges are legitimate, users quickly understand such issues.

But judging from the second post in this topic, it becomes clear that this exchange does not deserve any attention.

Noobs who are attracted by the airdrops they offer, and noobs generally think high volume means a lot of people are using that exchange, while the reality is that the majority of the volumes are fake.

The exchange.... simply by having their automated trades be repeated 24/7 without a penny of real money being spent. It's nonexistent money they just print out of thin air and that's what they generate volume with.

20% is waaaaay too much still.... 20% over $500 million is still $100 million in volume, no way they generate that much volume. I would be surprised if even 2% of their volume is real.

I have been seeing the airdop of this exchange ongoing for quite sometimes now. I decided to make some few research and it turns out that this exchange has so many scam tag on it. One can't really decipher now if its true or not,  but for the mean time i think every crypto users should becareful with ths exchange untill they clear their name of every scam tag associated with them

Yeah, it's really hard to find a new good quality project and exchange now days.  :(



Hahaaha... Well said brother, you earn my salute...  :D :D



No it's not like survey or something, i just asked because many new exchange are coming now days. And of course you can not trust them all. So for my trade and asset security i wanted some opinion from experience people whom know about that exchange. That's all.  ;)




There is no doubt Binance is a top level exchange and i trade there couple of times though. The main fact is it's too much difficult to get listed a new coin in binance or top quality exchange. Specially those projects which are not able to gain much fund in their token sale. So that's why they are searching some new medium/low quality exchange for their token/coin. I have many tokens which is not get listed on binance, so sometimes you have to choose a different way for trade, doesn't matter you like it or not.

Do anyone know what will they do with people ID if we joined the airdrop? , i regret to myself i was doing KYC for the airdrop before doing research about the exchange first.
The market looks active and the interface looks luxury so i think that was safe but actually they're not based on people testimonial in this thread

They collecting IDs for KYC verification but I don't know what will they do. If this exchange is scam I'm sure they are collecting those ID's to sell on black market or maybe they use it to scam more people or use those IDs to register to other platform or exchanges that requires ID verifications. If they are registered with your IDs they can do anything like exchange tinted or stolen Bitcoin.

Other use of your ID's can be used to make a VCC they will use the information from your ID to bind it to VCC which they can use for IM or CPA marketing and abuse the free $100 Google and bing ads.

This is what I think they will do with people's IDs. There's no exact reason why they collecting ID's but for legit exchange, they just require KYC to make sure they are dealing with real people and to avoid money laundering.

Most of those new exchanges hardly even finds it to survive because it become difficult for them to get volume, and those new exchange that tried as much as possible to fake volume still would not get much attention needed because people have really learnt their lessons, and these lessons has made them wise to only pay attention to exchanges that are ranked the best in the market of which I think binance is number one of them, though there are so many exchange too that are really good such as kraken exchange, kucoin exchange, Coinbase and the rest of them all. This exchange that op mentioned, I am not even very sure if they will survive at all for any people no longer go for new exchange but the already existing ones for security sake.

This is very new in my view because i have token "IOUX" and it was listed on this exchange but i can't deposit in it and i don't know why. The volume might be fake also because there's a second exchange wherein my token listed but the volume were very low than the volume of that exchange . What i mean had big difference  which is very suspicious in my opinion because the design itself as well seems not from professional unlike other legit exchanges.
 

We hope they are using bots for just making their exchanges looks big in volume, and it's just part of their marketing strategy. Because many people already joined their airdrops and doing KYC with real ID because the rewards looks so promising 500$ worth of Coinbit's token if i wasn't wrong.
So many IDs that they can take advantage of for doing scams or crimes.

Personally, I totally don't trust this exchange and I won't deposit there even 1 satoshi. It is possible that there are no issues with deposits and withdrawals, but for sure this exchange is full of bots and in my opinion a very large majority of volume is fake. If you want to use it for a single transaction, it probably won't be a problem, but if you want to trade there, I strongly advise against it.

The problem with exchanges faking volumes is that they very likely have very low actual coin reserves, which means that whenever someone withdraws a decent chunk of coins, chances are that you can't withdraw at all.

What these exchanges do is block your account and ask you to submit all sorts of documents they keep rejecting until they have enough to allow you to withdraw your funds. It's one big shitshow that people shouldn't bother with.

It's a very valid Infonya, I agree there are many more better exchanges like Binance, Bittrex, Coinbase, and others Perfect for crypto-exchange investments. People are tempted by coinsbit because there is a CNB Airdrop event, thus becoming confident with the exchange. Many issues circulate about fraud on the exchange.

I have no evidence that this exchange is doing this, but I am watching tokens listed there and I'm 100% sure that their prices are manipulated. It would also not be a surprise for me if Coinsbit, due to lack of funds, did tricks with blocking withdrawals under the excuse of verifying the authenticity.
As I wrote before, I totally don't trust this exchange.

I've been wondering the same thing.
I've never used it before, but from cmc it has quite a good daily volume there. But since I have a far better exchanges to use, I keep ignoring coinsbit. When I checked their market. It seemed kinda odd, looks like a price manipulation. Perhaps that's the reason why they have such volume. And full of bots. It's on my ignore list for now. Avoid using them would be better.

Alright moving past the fact that this post is an obvious not-so-subtle advertisement for Coinsbit...

Everyone makes the mistake of using a smaller exchange, and everyone eventually gets burned. Hacks, exit scams, liquidity problems, you name it. Don't trust your money with small unknown exchanges.

Personally, I stick to exchanges that:

• are based in the US
• are registered with FinCEN as an MSB
• don't report fake volume
• have a long-running history of being reputable (or at least have never gone  down or experienced a noteworthy security issue)

Being registered as an MSB is huge. It not only shows they're serious about being compliant w/regulatory concerns, but MSBs are required to do a lot of practices that help protect consumers and prevent money laundering and other nonsense.

We've all seen the Bitwise report on fake volume by now. Don't trust your money with an exchange that is gaming its own order books, you're the pawn who loses in this game. You can see the list of exchanges that don't game their order books here https://www.bitcointradevolume.com/.

So really if you're in the US your only reliable options (IMO) are:

• Coinbase
• Coinbase Pro
• Gemini
• Kraken
• Bittrex
• ItBit
• Bitflyer
• Binance US

On the one hand, you speak correctly. Using small exchanges is fraught with risks. But on the other hand, we remember stories about such exchanges as MtGox, BTC-e ... Therefore, there is no reason to believe Binance and not to believe Coinsbit.

Mt Gox was run by a guy who had no history of running any sort of exchange or fintech company. Binance's CZ was former CTO of OKCoin, there is absolutely no comparison here.

why will anyone choose to find out about an exchange with no proved credibility? Are they offering any cheap coin? except they listed a coin you are interested in or invested, if not choose the accredited exchange to avoid worry.

OP is more likely doing a survey for coinsbit and just taking to look the chances if there's still some use coinsbit.
Anyway, not familiar with coinsbit and don't have any plans to use it even it's on the top 50 on CMC and besides CMC had losing their credibility. I'm better sticking on binance and bittrex than taking my dose of pills.

You're right. But I just wanted to say that there are chances to lose money both when using small exchanges and when using large and popular exchanges. History knows enough of these examples.

Binance and Bittrex also once were young and unknown exchanges. And surely they were also written about them, why is Binance needed if there is a Mt.Gox )))

Of course, comparing Coinsbit and Binance is not entirely correct. These exchanges are in different weight categories (if we speak the language of boxing). But I agree that the Coinsbit prospects are very good!

Of course you shouldn't keep funds on any online wallet. However, when it comes to one transaction, exchanges are necessary because not everyone has the option of F2F transactions. Of course, then it is better to choose the larger and more well-known exchange, but it is also often the case that the less-known coins are listed only on little exchanges. Unfortunately, then we have to take this risk. The risk is on every exchange, but certainly on bigger exchange is smaller. In this case it looks like someone is forced to use Coinsbit and just want to know opinion of other users.

Of course, large exchanges have more liquidity and seem more secure. But it is not always the case. We know that volumes of trades are bloated on almost all exchanges. This is often done not by exchanges themselves, but by projects using trading bots.
Plus, such exchanges as Cloinsbit that they feature many young crypto projects that do not have the opportunity to get on top exchanges like Binance and Huobi.

There is a little difference between trading bot and exchange bot. I myself led to the fact that I set a buy and sell offer between which there was not even 1 satoshi difference. For example:
Sell: 0.00003001
Buy: 0.00003000

At this point, the trading bot stops. The smart exchange bot should also stop. This exchange bot did buy and sell transactions at the prices I set and there were no other offers because there were only these two mine. Of course, nothing was bought or sold, but transactions have appeared in history, so it could not be a bot from the outside.

I will apply caution when dealing with exchanges like Coinsbit  and I recommend that members of the community do so too. Coinsbit airdrop/ref campaign is spreading like wild fire. Don't get caught up in the moment. I'll keep an eye on it for now. Let's see how they'll fare in the next couple of months and if their volume isn't fake.

I guarantee you that their volume is not completely real. I even suspect that most of their volume is fake.

What Coinsbit airdrop / ref campaign are you talking about? I have not seen any threads on this topic on Bitcointalk. Can you provide any link, please?

Obviously, he means the reward for registering on the exchange for new users. Until December 20, if you sign up on Coinsbit exchange, you will receive 2000 coins and another 1000 will be received for each person who signs up using your referral link.

Are these legal actions published somewhere? I mean, can we read somewhere about the case? If so, it would be good if you provided some links.

I support. I would like to see official documents on applying to the court. Better yet, see a court ruling on this. Then look how competitors and their mercenaries will grimace. I am sure that in addition to blah blah blah this gang has no specific complaints about the Coinsbit exchange!

Time will judge who is right and who is to blame. It will take half a year or a year - Coinsbit will become even more popular and in demand among users.
I wonder what then haters will write?

They may or may not be more successful by that point. The real question is how are they dumb enough to keep paying you for you spamming services? Keeping you employed suggests they don't really care about the health or integrity of their business at all.

You don’t want to register on the Coinsbit exchange and independently check how perfectly everything works there? I think you will be surprised.

Arguing with him is a waste of time. I suggest adding these users to your ignore list (NurArtur790 is included): https://bitcointalk.org/index.php?topic=5194551.msg53113827#msg53113827

A good idea! Then, for objectivity, I propose to add to ignore a sheet of nutildah and its many clones ... But probably this should not be done ... then no one will remain in this thread.

What for? To read unfounded and unconfirmed articles written by you and your clones? Do you think your fantasies are interesting to someone? Despite all your accusations against Coinsbit, this exchange continues to evolve!

Whether you like it or not, the Coinsbit exchange is progressing every day. Almost every day we hear new posts about new listings. Exchange is becoming more and more popular among the crypto community!

Sure, I sent you a Merit so now you can use the "Insert Image" function. Just click on the framed picture button in the message options and paste the image URL between the two pieces of bracketed code.

I never did a transaction at the Coinbits Exchange But I think it is best to invest in familiar and trustworthy rides from these. There is no fear of losing and there is no chance of getting scammed New services are usually scammed Nowadays airdrops are not reliable but it is better to deal on the reliable side as there is more airdrop work on the coinsbit exchange.

No, but if you upload the PDF and post a link to it here I will read it. Its better if you upload screenshots of the images you wanted to show to something like imgur so that way they just show up in their post.

you need to be at least jr.member or else buy the copper membership to show images here in bitcointalk  . You can upload it here https://imgbb.com then paste here the forum bbcode . We can help you to quote if you dont want to use coppermembership.

All exchanges also have bad reviews, there's just that some exchanges didn't fix the error they have in their platform and focus on their service. That's why the bad reviews continue to occur still they don't something about it.


Binance also have bad reviews but also minimal and not that important. That's why its people and the volume of their exchange is the highest among those other exchange. Also Binance has a lot of good features that other exchange doesn't have, and it is very reliable in the sense that it is very easy to use and secured.


There's no such thing as a perfect site for exchange, also binance experience some bad reviews and hate in their review section. But the good reviews are still dominant that's why it is the most trusted and reliable exchange.

important things for the novice traders to know, not to use a new exchange, especially if we are still unsure of the exchange, the characteristic if we are still doubtful is that we still question the exchange, like you ask about coinsbit, if I were you, I would leave and avoid as much risk.

OP should lock this thread. I think he already got his answer. After few days so many people will bump this thread and it will be on the 1st page.I am requesting to the op,please lock this thread if you got your answer.       

Also, I think it's not a good idea to close this thread. This is an open topic about this exchange and it's not just about the questions asked in the opening post but about all information about this exchange. Personally, I am surprised that it is still functioning and has not yet shut down via the exit scam.

I don't know why you think like that, it's not about getting an answer! This thread will be helpful for the newbie or those who have no knowledge about Coinsbit exchange! We need every constructive thread open so that new people can get aware of the situation! Coinsbit is not a good exchange, everyone should spread it as much as they can!

You can still trade there but your assets will certainly not be guaranteed.  As you can see, its volume is very low and means there are few users.  so in the future if the situation is not better, it will easily scam like the way Idax used to do.  Please, you should only use large exchanges like Binance, Coinbase, Huobi Global, MXC to ensure your assets are safe.  Avoid using new or low volume exchanges.

Personally, I can’t say anything specific, except that they misled people when they called to participate in their airdrop. This can not be called a hoax, rather a manipulation of the human mind, they communicated one thing, the other came out. In other similar behavior, we often meet in politics. However, I do not like manipulation, especially from the side of new little-known exchanges, it looks suspicious and not professional.

Of course, big exchanges are always a priority because holding assets here will be much safer than new exchanges. I think Coinsbit needs to improve more to compete with other exchanges because the liquidity in this exchange is so bad that some coins cannot satisfy investors. I have known this exchange since several months ago but have never tried because of so many negative comments.

Those may be incorrect comments, but I will continue to monitor this exchange and hope Coinsbit will soon be among top 10 exchanges with high trading volume.

I don't really recommend using this exchange
They ask for kyc like the others...
in the other hand the platform is new and unstable.
in the first day of opening the gave out 2K CNB to each user but in the first day of the trading the platform was down
1. maybe the servers are really week = a reason why we don't trade there
2. they made it off themselves so just they and the other friends can trade in the first hours = another reason why we don't trade there
Also when the project started they said the give the airdrop spots to EVERYONE but after they got enough member started to ban some countries. Most of these countries gave a good popularity  => another reason why we can't trust them

I have never traded in it and I know this platform from several communities that have a lot to say about their airdrop, maybe the name coinsbit is rising because their airdrop is capable of attracting many people to go into it, I haven't read their complete link whether the cnb ​​token will has functions for both the platform and vice versa.

Yeah the airdrop which require KYC and promised people for 500$ worth tokens, but right now the token worth for only under 50$ and also there are so many problems at the exchange. Not recommended for traders.

That's their strategy, creating an attractive airdrop, which they think will add users to their exchange, but what they don't know is that they are just adding the quantity and not the quality because airdroppers are just after the token, after it, they will forget and will leave your exchange, unless you have a really good exchange.

Look trusted exchange although have many trouble with KYC procedure where many member not pass KYC and success for uploading their ID document, but have weakness of coinsbit exchange where withdrawing process more than 24 hours, other exchange only get few minute for success withdrawing but in this exchange you must wating long time.

There are various rumours going around about this coinsbit exchange, after they introduce an airdrop i did participate and many said we will never get paid, many called the exchange scam but i got paid and i sold the token instantly, till date the exchange still functions very well, for me it's better to use top exchange

Coinsbit exchange as good reviews but something it goes into my mind if this is true or paid reviews in order to look promising and attractive to the investors. But for the safe keep of our funds, I'd never think that we should have to take the risk for this new exchanger rather than to choose exchanges that we've know a long time ago and already have a remarkable market performance.

We need assurance and that Coinsbit won't look that way. There is a thread regarding scam accusations against Coinsbit.
https://bitcointalk.org/index.php?topic=5195285.0

Got scammed by Coinsbit.
Sent all my ETH on their platform (asked when I should expect it to arrive on my account beforehand and the answer was "soon"). Once made the transaction, no response from their customer support. Wasn't much, but, oh man, how I wish I would have read this forum before making that transaction.  :-[

I'm not using coinsbit as my personal trading platform, I would rather use an exchange that are listed on top at the coinmarketcap.
At least with I have no doubts and worries because I knew it is safe rather an exchange where I am not sure if it was safe it not to use every time I do trade in it.

I know coinsbit for always promising good airdrop rewards but it will never amount to anything. I have never use the platform but a lot of friends use it and do still complain.

I do not use coinsbit exchange for trading. But I have a token in this exchange by an airdrop for one month or more. It is still safe and secure, but many trader are told that they are not satisfied on this platform.   

coinsbit's reputation is already bad... (´･ω･`)
I have several coinsbit tokens that I got from their airdrop yesterday, I'm not sure if the tokens that I have can be exchanged, really disappointing.

I once used their platform and never want to be there again because of their shading businesses. Their airdrops which they gave wasn't what they talked about in the first place, most of their listed tokens are not good types compared to Binance and Bitforex. For anyone who still ignored these series of advise and proceeds to trade or do business with them should have himself or herself to blame. I learned from my mistake of using their exchange.

I've heard about it, in fact, I joined their airdrops programs, then once you refer it to your friend your able to have a chance to
receive more CNB. But I never try to use their platform so far. I don't have any updates too about their airdrops, I'll it before end of this
day to find out if I can able to sell the token anyway.

Coinsbit exchange is a scam for sure. They'll accept your crypto, steal from you when you trade, won't respond when confronted about the unfair trading, and won't allow you to even withdraw if you reside in the United States.

Coinsbit exchange seems to be still not popular, because I just heard lately, because I joined the CNG airdrop on coinsbit, but the price of CNG is not useful, hopefully Coinsbit can list IEO and airdrop that really has value

Don't become a victim of Coinsbit exchange, because Coinsbit often promotes scam projects. Some bounty hunters have been disappointed
by the airdrop held by the Coinsbit exchange. Often the estimated price of coins that will be distributed via airdrop is different price when
the coins have been distributed to the bounty hunter. The choice of coins for trading on Coinsbit is also mostly shitcoins, so it is very untrustworthy
to trade on Coinsbit. Moreover, the majority of the members of this forum have given bad reviews about Coinsbit exchange. So avoid using
Coinsbit exchange if you don't want to be a victim of fraud.

Coinsbit has a negative trust rating on most of the ratings sites. I also participated in there airdrop and trying to do the kyc several time in other to get the value of my earnings out but it keeps sending me fail after several attempts.

If you have gone through the exchange and you like it, then you can go ahead with it. It’s not a scam, it’s a legit exchange and also in the entry-level (entry-level exchanges are always recommended for people who are still new, since they allow fiat method).

Coinsbit exchange has mobile app for both Android and iOS, and from what I have read on their website, they claim that 95% of the assets that are in their possession are stored in cold storage (that’s just like what Coinbase does), so it’s quite cool. I don’t know about their fees, if you like the exchange you should check it out and know for yourself.

Coinsbit is a cryptocurrency exchange that makes cryptocurrency trading convenient profitable and secure for you. Compared to other analogs our app has many advantages that can be appreciated by both a novice who has just entered the field of crypto trading and an experienced trader who is already skilled in how cryptocurrency exchanges work. Detects and blocks so that our users have the opportunity to do business without risk Trade is reliably protected from fraud.

Of course, Coinsbit has a lot of differences from other cryptocurrency exchanges, but I am not using this exchange for its intended purpose yet. But nevertheless, I have several thousand of their own CNB coins, which I hope will have high recognition among traders here, which will increase their value in the market.