About Coinsbit Exchange.

[princerepon]

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

[1715460162]

1715460162

[OmegaStarScream]

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

[MURONDI]

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

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...

[kolonel_x]

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.

[Ucy]

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

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

[The Cryptovator]

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.

[milewilda]

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

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.

[gaston castano]

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 

[ecnalubma]

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

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.

[iamaruf]

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.          

[ReiMomo]

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.

[ChrisPop]

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?

[princerepon]

Absolutely no reason to use their platform. There are safer alternatives such as Bittrex and Binance.

Hope you made a good sarcasm at this point..  

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

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.

[Palider]

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!

[bL4nkcode]

Well at this moment this exchange is staying at top 50 exchange in CMC

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.

[BitMaxz]

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 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.

[zeze18]

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

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.

[Google+]

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.

[ableh]

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!

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

[Yaunfitda]

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.