Coinsbit is Legit exchange? or SCAM?

[Novatech8]

Never trade on coinsbit before and i haven't seen or hear any scam related accusation against the exchange, what i fear about the exchange is because it's new, most new exchanges are just been created to toy with people's fund and exit scam

[shoreno]

I've heard series of bad news about this exchange called coinsbit but i never for once got into any issue while using the exchange so far, i even participated in their airdrop with KYC implemented and i did get paid

its normal for an exchange to recieve bitter feedbacks from other people but it does not mean its bad already , like binance for example . some people claims that binance was bad because of fake volumes and high fees , etc but to some that uses it , they dont have problems with it  .

 if your fine using coinsbit then  just be true and state your feedback  . entrusting your kyc , is also a plus point to trust them because you said you stil got paid  .

[inanilujimi]

If your goal to trade there is better to avoid coinsbit.io because there are allegations of volume washing on the exchange, if you ask because you want to follow the airdrop I think you have missed the event because it's over, so I think it's better to stay away than enter into something still gray.

[hakimchi]

Hello guys, Coinsbit exchange as per my opinion is legitimate because I did my KYC before getting my airdrop then i successfully get the withdrawl of CNB on 2nd jan 2020 in my MEW wallet. To check this exchange authenticity i transfer ETH and buy BTG and i got success withdrawl. I again buy CNB and everything is running perfect but the withdraw time period is around 24 hours that's a problem. User's are not happy with their services specially the guys who did airdrops and got their CNB in exchange wallet. Coinsbit make KYC verification so lengthy that some users can't even withdraw their CNB or do the trade and some users CNB were erased by the exchange. Infact, coinsbit telegram admin are so active that apart from your technical issue queries rest they will delete all the message instantly which you can see when you chat with them in telegram. Now consbit telegram admin's don't want to take any chances related to spoilage of their exchange image. Now a days they are going through an updates to make the exchange faster and more flexible for the users. I hope they will resolve all the problems related to public dealing and make the exchange better for everyone to use.
In the current scenario CNB prices are fluctuating a lot. But CNB will jump up to 52.65$ within this year that's what i expect from CNB.

Thank you guys!     

[FireBallex]

Hello guys, Coinsbit exchange as per my opinion is legitimate because I did my KYC before getting my airdrop then i successfully get the withdrawl of CNB on 2nd jan 2020 in my MEW wallet. To check this exchange authenticity i transfer ETH and buy BTG and i got success withdrawl. I again buy CNB and everything is running perfect but the withdraw time period is around 24 hours that's a problem. User's are not happy with their services specially the guys who did airdrops and got their CNB in exchange wallet. Coinsbit make KYC verification so lengthy that some users can't even withdraw their CNB or do the trade and some users CNB were erased by the exchange. Infact, coinsbit telegram admin are so active that apart from your technical issue queries rest they will delete all the message instantly which you can see when you chat with them in telegram. Now consbit telegram admin's don't want to take any chances related to spoilage of their exchange image. Now a days they are going through an updates to make the exchange faster and more flexible for the users. I hope they will resolve all the problems related to public dealing and make the exchange better for everyone to use.
In the current scenario CNB prices are fluctuating a lot. But CNB will jump up to 52.65$ within this year that's what i expect from CNB.

Thank you guys!     

It seems you are just promoting CNB token from coinsbit exchange, how can a token from a new exchange rise up to 52$ where bigger tokens from bigger exchanges that are very active never hit that high? For example binance token ATH was 30$, i think its over exaggerated for CNB token to hit 52$ unless bitcoin hits 100k, this is reality

[mdjamak]

before i use Coinsbit and i get payout so this is not scam as my think because i don't get any bad experience form Coinsbit

[Bitbtc8]

Coinsbit is not a scam, every new exchanges will have issues either with slow withdrawal or payments at times but coinsbit keeps working, I got paid and I withdraw successful, all you need is to pass KYC

[hirngespenst]

This exchange is absolutely untrusted, shit exchange, full of fake volume. Don't go for this exchange ever, you may lose your money or get stuck! CMC shows all the fake volume openly, that's why many people still believe that these exchanges are good, but the reality is, it has a very low trading volume and there is no active trader nowadays. I went to sell a bounty coin and I learned well.

[igorsergeih]

for two weeks now, the account has been blocked in the support only one word (expect) the question is how much longer to wait a month, a year? There is a considerable amount on the account and I also see that it’s suspended and not the exchange!

[DDante]

I can easily compare coinsbit with probit and othe small exchanges, the team are small group and they are still learning, it's going to take a while before they become on par with exchanges like stex or cryptopia but they can become successful, I won't underestimate the CNB token if I were you

[DDante]

Coinsbit is a very small exchange that's why many are doubting the platform, they will have bugs and issues for sure and this makes many called the exchange names without 100% assurance of any scam info, I don't see anything wrong with this startup exchange

[fusionnetcafe]

Coinsbit is a legit exchange because I personally know some people who benefited from their airdrops. But one thing to note is that Coinbit doesn't support many countries around the world. So do check it out first before making your mind up.

[killerfrost]

Coinsbit is a legit exchange because I personally know some people who benefited from their airdrops. But one thing to note is that Coinbit doesn't support many countries around the world. So do check it out first before making your mind up.

You get airdrop from them, and you said it was a legitimate exchange? Is there any better evidence than that? We need to rely on a lot of details to be able to judge the credibility of exchange, so the evidence you give is not enough to draw conclusions. Besides, I also heard a lot of bad information about this exchange, users are not happy with the exchange

[khimer_rangers]

if to trade with large funds you should avoid Coinsbit because there are still many better exchanges, I myself am still in doubt about exchanging coinsbit for alleged trading bots, but I'm also not saying this is a scam and they invited many members through the airdrop event.

[nutildah]

for two weeks now, the account has been blocked in the support only one word (expect) the question is how much longer to wait a month, a year? There is a considerable amount on the account and I also see that it’s suspended and not the exchange!

Sounds like they are actively scamming people now.

This guy's issue was never resolved, they still owe him 15 ETH.

From Facebook:





https://web.facebook.com/pg/coinsbit.io.cr/reviews/?ref=page_internal

Here's some of the complaints on Reddit:

https://www.reddit.com/r/Coinsbit/comments/cnls09/this_exchange_is_a_scam_do_not_use/
https://www.reddit.com/r/Coinsbit/comments/ew3evk/scam_exchange/
https://www.reddit.com/r/Coinsbit/comments/eqgts0/avoid_this_exchange_at_all_costs/
https://www.reddit.com/r/Coinsbit/comments/ekyw63/2000_cnb_airdrop_looks_like_a_huge_scam_to/

You can read about the scam accusation against Coinsbit here:

https://bitcointalk.org/index.php?topic=5195285

[AthenaBanana]

It is listed in coinmarketcap for me its legit but I think its better to stick with the big exchange that has good reputation in the community who have used their service

[Aex120]

Hi, can someone tell me some way to protect my identity after I gave my ID to coinsbit? I don't know if I can report it to the police as a scam, because I have no proof that it is, but I'm still worried about my identity being misused.

[Ridwan Fauzi]

Hi, can someone tell me some way to protect my identity after I gave my ID to coinsbit? I don't know if I can report it to the police as a scam, because I have no proof that it is, but I'm still worried about my identity being misused.

There is no one who can help although the police at all, just make a learning to you. Your identity is very useful and you don't give it to anyone who has no good reputation especially in this market.

You will be fine if you give your identity to the trusted exchange like binance exchange, but if you are not comfortable you can chooss decentralized exchange because with it you don't need to give your identity, you are fully anynomous when using it.

[alamaldrama]

Thank you for this valuable info. It really helped me and I think it's good for everyone to know today as there are many websites pretending to be legit. So we really need to check the credability of a website before giving out our identity.
https://cima2u.net/

[Miaallen]

Coinsbit is more or less a dumpsite exchange just as much as p2pb2b. They made of bots trading and fake volumes. Listing of an upcoming project on the exchange is like listing them inti their death traps.