Coinsbit is Legit exchange? or SCAM?

[marks1976]

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.

coinsbit was also a scam site too. I have experienced that so many people have already made a lot of accusations for coinsbit.
Coinsbit and p2p have already owned by the same scammer.

If you are actively watching the projects that have already launched its IEO on coinsbit or p2p and these projects will always become scam projects.
I guess if p2p and coinsbit were also involving in this scenario too.

[sksaddam]

I have 9.54 ltc coinsbit exchange.But my 4 ltc they stolen.I have a proof of screenshot.I contact support, no reply & block their telegram.So Do not use this scam exchange.

[Cadaver20]

Coinsbit.io is legit exchange? or its scam?

I always try to avoid Coinsbit exchange. I do not trust this exchange. Because..
1. Fake trading volume.
2. Huge gap between buy and sell order.
3. High transaction fee.

[nutildah]

It's hit or miss with them, and I would just assume you're going to lose at least half and maybe all of your coins that you deposit there. I certainly wouldn't trade there knowing there are literally hundreds of better options available. People get sucked in by their high-yield garbage tokens, deposit real coins, then have to struggle to get them back. You might be one of the lucky ones whose balances they don't disturb, but I wouldn't count on it.

Read here for more on why they are a scam: https://bitcointalk.org/index.php?topic=5195285

[nomenclatur]

there are still a lot of fake volumes that occur on coinsbit and it is clear that the trading bot is also still active, quite badly I think many coinsbit projects that are listed on coinsbit end up in a scam, of course, this is not too good for investors who have made purchases in tokens it will be detrimental if the airdrop is you get only airdrops that have a low coinsbit price, not a scam, it's just a scam project.

[Bitum]

That it is unsafe exchange, that is certain. I have already seen several reports on the net that are not good. I wouldn't trade on this exchange because any moment you can lose all your money

[abahcoin]

coinsbit huh?
This is the worst cryptocurrency exchange ever.
-Fraudulent Trade Volume
-Lots of shitcoin lists
- Unprofessional can be seen from the home page alone does not look professional
-Long withdrawal process
Better not to know coinsbit than later you will regret it

[Rux]

Today our project got contacted by Coinsbit for listing, with some listing discounts...

OFC i will take my time and research but from what i can see, not good ...

[nutildah]

Today our project got contacted by Coinsbit for listing, with some listing discounts...

OFC i will take my time and research but from what i can see, not good ...

I recommend skipping them as they have a horrible reputation. They have the potential to make your project look bad, whatever it is. They're a bunch of slimebags and I wouldn't trust them with a single dollar.

Surprised they're still in business after all this time, to be honest...

[tomaroc]

Attention! This exchange is a scam. I made a withdrawal more than a month ago, the funds did not arrive. Customer service is lying. Be careful, it stinks :-(

[Lordhermes]

I noticed the scammy behavior in coinsbit when I was participating in bounty programs, most of the bounty projects will creates news if listing on coinsbit but at the end of the day, the coin value will drop drastically, and will have volume problem which you can't sell your coin,.
I also noticed coinsbit and p2pb2b is the operated by the dna person and that both have the same poor features coinsbit has, I quickly noticed that the both exchange uses fake volume to deceive people. Stay away from it.

[Gorosden]

Coinsbit had a good start from day one but later I noticed some changes in customer service behaviour, I earned their airdrop tokens too and that's when I sold the tokens, it was a friend of mine that make deposit to the exchange and it never reached until we track the transaction hash and the token was already inside the exchange address, the team did nothing

[gc47]

It is in my view a complete SCAM.

I have c. $35k of FIAT and crypto held on coinsbit.io which despite multiple attempts to transfer to other wallets or withdraw funds onto credit card or ADV cash have failed each time and their service has been abysmal. Typically they say transfer will take 3-4 hours and it then is cancelled. I contact support and they say tech. department will contact me, they do nothing and never give a valid reason or solution. Can you assist me in recovering my assets from them?

[Cornia]

Can you assist me in recovering my assets from them?

When was the last time you tried to withdraw your assets? I withdrew a few USD from there a few days ago and there was no problem. Only tech team of Coinsbit can help you to withdraw your assets. Contact with them again and again.

[btc78]

Attention! This exchange is a scam. I made a withdrawal more than a month ago, the funds did not arrive. Customer service is lying. Be careful, it stinks :-(

Best to provide your proofs here for formalization though almost all posts here concerning this as scam site, and surfing the forum i found these 2 thread about coinsbit being scammer .

https://bitcointalk.org/index.php?topic=5232300.0

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

Looks like a Ponzi site like Yobit that has so much cases from users for years .

[TastyChillySauce00]

I have 9.54 ltc coinsbit exchange.But my 4 ltc they stolen.I have a proof of screenshot.

I will try to remind you that if it may take a few months or forever for the coinsbit team to answer your ticket. You can push them on telegram if you want but you must also remember that if coinsbit was a shady exchange site. That means if there's possibility for your ticket will never be answered and you will be loosing your money.

I contact support, no reply & block their telegram.So Do not use this scam exchange.

It seems like that you will never get it. If you can take the rest to go out from this garbage exchange site and it's better rather than lose all of your litecoin. This shady exchange site was always stealing user's fund. Sometime your account might be blocked as well. I have a small amounts of ethereum that can't be withdrawn from there. As far as i know the owner of coinsbit was also a part of p2pb2b team.
Both were connecting one to the each others. Scam exchange sites that must be banned by crypto community.