Coinsbit is Legit exchange? or SCAM?

[PolinaCryptoN]

hello guys,
Coinsbit.io is legit exchange? or its scam?

for example, have budget for airdrop - and marketing - 150 000 000 usd?

[suzanne5223]

Coinsbit is not a scam exchange but it is not a recommending exchange too. There are many good exchanges in the crypto industry to trade coins, coinsbit is not one of them. Their airdrop campaign looks suspicious too! Hundreds of dollars for verifying KYC? Seriously? Be aware of it mate.

I will advise you to always search through the forum next time before you answer people's because in other not to mislead newbies because the mentioned exchange site by the OP is been accused of taking volume list and bot trading activities. Besides, the exchange was said to be own by the owner of the p2pb2b exchange.

[tabas]

I don't have any experience using them but I'll remind you that coinmarketcap has been known for making their records modify and pumping the volumes of the exchange they want to even it's not real.

[Adriano2010]

I see some videos on YouTube where they tell people to register and they will get some tokens, but the main problem is they ask kyc, and i really can't trust all new exchange sending id and all on just for some of their tokens which may worth dust, so is really people choice.

[o48o]

hello guys,
Coinsbit.io is legit exchange? or its scam?

for example, have budget for airdrop - and marketing - 150 000 000 usd?

This depends on your definition of scam. But i would say that avoid in all cost, the volume of coinbit is just wash trading, and probability of an exit scam in some point is high. There's really no need to use it when you can use more reputable exchanges. If that's the only place that listed some shitcoin you are into, then maybe that tells more about the state of that shitcoin. In that case you should sell it there and move your money elsewhere.

If they ask kyc for that, it's probably not worth it.

[Furious 7]

I cannot say that this exchange is good or not, it is up to them, what is important is that we must be aware of the exchange, there are many negative feedbacks about this exchange so you must avoid it before it happens to you.
Using Airdrop with such huge marketing, I am actually not quite sure what Coinsbit shared in Airdrop, but it's up to you whether you want to join or not, because Airdrop is free, it's just that it requires KYC verification.

[Reatim]

hello guys,
Coinsbit.io is legit exchange? or its scam?

for example, have budget for airdrop - and marketing - 150 000 000 usd?

why are youa sking this?looking for exchange to use?or just concern for others to be victimized?

i don't know this exchange and this is the first time i heard about this but checking the forum there are issues that they are facing and its about the volume activities it is not best or recommended to use.

better keep away from this one and KYC verification that will pay you hundreds of dollars?common man why would a legit exchange do that?spending big money just for KYC?no way .

[albrots]

be careful with coinsbit.io because this is already indicated exchange scam. Because coinsbit is managed by the CEO of p2pb2b which has been indicated by a scam in advance.

You can see the discussion in this thread that I gave:
https://bitcointalk.org/index.php?topic=5195285.0

[watergold]

be careful with coinsbit.io because this is already indicated exchange scam. Because coinsbit is managed by the CEO of p2pb2b which has been indicated by a scam in advance.

You can see the discussion in this thread that I gave:
https://bitcointalk.org/index.php?topic=5195285.0

nahh, Now with this thread, it is clear that Coinsbit is indeed an exchange of fraud. The OP can see this thread clearly that their fraud is almost the same as the ponzi scheme especially with the allocation of tokens that are so large for airdrops and I think this is illogical.
Coinsbit also often manipulates volume prices that are not real what is proud of this exchange so I think there is no need to follow this exchange.

[suzanne5223]

I don't have any experience using them but I'll remind you that coinmarketcap has been known for making their records modify and pumping the volumes of the exchange they want to even it's not real.

I don't the coinmarketcap are the one to be blame for exchange fake volume listing because the last time i checked the volume showed on each exchange site is what capital market bot updated but if we are talking about coins fake listing then there's a chance that capital market may be part of the volume modifying.

I see some videos on YouTube where they tell people to register and they will get some tokens, but the main problem is they ask KYC, and i really can't trust all new exchange sending id and all on just for some of their tokens which may worth dust, so is really people choice.

You're right but only the newbies will fall for such a trick because the token they are going to give will worth nothing. Aside from that, their KYC issue is pain in the butt.

[iamaruf]

Though I didn't face any problem and I am not regular user of coinsbit exchange.But there are lot of bad reputation of coinsbit.You can take a look in this thread.
JollyGood made a topics about coinsbit and P2PB2B exchanger.
Thread link: https://bitcointalk.org/index.php?topic=5192497.0

[Landak]

some people who follow the news and read information in the Reputation/Scam Accusations thread must know that coinsbit is a scam BUT not everyone has the same opinion because it's just an accusation (it could be true/false) in fact there are still many people who spread coinsbit reff links on social media to get benefits per referral, meaning that many people who believe in coinsbit (outside the forum bitcointalk). up to you, want to believe it or not is your decision but many people here advise to leave coinsbit and choose another market exchange that is trusted. I myself am neutral, because I am not a victim of coinsbit (have never experienced).

[_IRMAN]

hello guys,
Coinsbit.io is legit exchange? or its scam?

for example, have budget for airdrop - and marketing - 150 000 000 usd?

Maybe not a scam
But the allocation for the airdrop is what can make people think that this is a scam ! $200 for just one referral ? I think this is impossible

[samuraijin]

I don't want to say they are scams, let people have value, their site is similar to p2pb2b I think they have one founder, nothing different from the appearance of their site, as some people say here is true that they deceive many people with fake trading volume use bots like p2pb2b, so what is their purpose to do that is just to catch lots of users, even to attract their users to hold airdrops for new users by giving some CNB tokens to those who qualify, I'm not sure about their airdrop that their tokens are worth later, so my advice is avoid to trade there or save your money on that site

[arwin100]

Posting there accusations made by the people who encounter or  found and issue on coinsbit.

https://bitcointalk.org/index.php?topic=5195285.0
https://bitcointalk.org/index.php?topic=5194551.0
https://bitcointalk.org/index.php?topic=5146438.0

In addition to those claims you can use the search bar of scam accusation and you can see the listed  threads above.

And for this we can tell that we can't trust coinsbit so best for you to find a good reliable site if you want to trade safely. And also don't trust easily if they said  they will give such huge amount since for sure some of those platforms offer that is scam and that's their bait to lure people on there platform.

[sazonk]

Coinsbit is an exchanger, but here I advise you not to trade there because there are still many in the exchanger industry that have good quality and have guaranteed security in this case protection against user data and portfolios. Coinsbit holds airdorp for every new user and they are entitled to get free coins from coinsbit by passing the KYC verification, you should be careful not to give your real data especially to new exchangers and don't be tempted by the rate of coinsbit let alone you see harag from coinsbit at CMC, it doesn't make much sense to me. You should be careful and stay away from it, because there are many indications of scam and many threads and users talk about it.

[Ahimoth]

I don't want to say they are scams, let people have value, their site is similar to p2pb2b I think they have one founder, nothing different from the appearance of their site, as some people say here is true that they deceive many people with fake trading volume use bots like p2pb2b, so what is their purpose to do that is just to catch lots of users, even to attract their users to hold airdrops for new users by giving some CNB tokens to those who qualify, I'm not sure about their airdrop that their tokens are worth later, so my advice is avoid to trade there or save your money on that site

Of course storing your crypto with this non popular exchange is a huge potential that you funds will going to be scammed or even hacked internally. Maybe the participation of the airdrop would be a good attempt just to have a test on how legit are they. I am not saying they're not going to be trusted, at least you're careful with your asset before it's too late.

[kolonel_x]

Posting there accusations made by the people who encounter or  found and issue on coinsbit.

https://bitcointalk.org/index.php?topic=5195285.0
https://bitcointalk.org/index.php?topic=5194551.0
https://bitcointalk.org/index.php?topic=5146438.0

In addition to those claims you can use the search bar of scam accusation and you can see the listed  threads above.

And for this we can tell that we can't trust coinsbit so best for you to find a good reliable site if you want to trade safely. And also don't trust easily if they said  they will give such huge amount since for sure some of those platforms offer that is scam and that's their bait to lure people on there platform.

From the string of accusations, we can conclude how the actual Coinsbit exchange, maybe that's what they offer in large numbers in the form of airdrops and ponzi schemes, I myself have never registered in this fight if there is already a negative feed like this.

[masterzino]

From my observations, Coinsbit.io are using bots and wash trades to fake bigger volume and being ahead on CMC and others.

This is personal opinion only, but I'm avoiding any exchange when I observe such practices. You could trade all these top pair in more reputable exchanges. There is no need to risk with Coinsbit.io.

[hulla]

hello guys,
Coinsbit.io is legit exchange? or its scam?

for example, have budget for airdrop - and marketing - 150 000 000 usd?

Maybe not a scam
But the allocation for the airdrop is what can make people think that this is a scam ! $200 for just one referral ? I think this is impossible

That doesn't matter and the last time I checked some crypto trader are fine with the current exchange site they used. Besides, have you checked the exchange site ranking by Alexa base on the visitors and users staying on site which will make you understand what was said about the exchange site to be truth.