Coinsbit Exchange Review 2023

Is Coinsbit safe? Can you trust it? You need to know the truth about this exchange before investing. In this review, you’ll find out if this crypto exchange is the right choice for you. Fees, security, and more – it’s all here!

What Is Coinsbit Exchange

Coinsbit Exchange is a cryptocurrency exchange co-founded by traders and investors in the British Virgin Islands. It was made in 2018 and gives users a fast and secure way to buy and sell different cryptocurrencies.

2023 sees Coinsbit Exchange’s major update, ‘Coinchain’. It will have advanced features like decentralized trading between exchanges and hedging for margin trading. This will help reduce risk of losses due to price manipulations. It’s affordable, so Coinsbit hopes it will attract more big players into cryptocurrency space. If market conditions stay good, they can capitalize on opportunities with multiple coin pairs.

Advantages and Disadvantages of Coinsbit

One of the main benefits of Coinsbit is that it offers traders access to a range of crypto assets, including major and minor coins. It also has educational materials to help customers understand markets and trade successfully.

Deposits on Coinsbit are free.

Lastly, customers can get 24/7 support by email or live chat in 6 languages.

To conclude, Coinsbit has many advantages. But, there are downsides like trading and withdrawal fees, and no phone support.

Cryptocurrencies on Coinsbit

Major coins like BTC and ETH are available on Coinsbit.

In 2020, Coinsbit Exchange launched their own token called ‘CNB’. This can be used as a transaction medium or for discounted trading fees and better leverage investments. Investors liked it, as it can make profits from high interest rates and avoid volatility risks from other coins.

Coinsbit Features

Coinsbit offers a range of features for both novice and experienced traders:

The Coinsbit Exchange has two distinct trading platforms. The Basic platform is easy-to-use and customisable, making it suitable for beginners. The Pro Platform has more advanced features, such as margin trading and various order types. Many API options are also available.
Coinsbit has a mobile app. It lets users view their portfolio performance anytime and anywhere. Push notifications, real time tracking charts, and a trade terminal are included. It’s a specialised crypto trading app with all the analysis tools.
Reliable real time data from Coinsbit’s market sources makes it a top choice among investors.
The platform also has a user interface with built-in analytics. You can view live trading volume data and real-time price updates for hundreds of digital assets. Create your own alert system for news events or market changes for your favorite coins and tokens.

Coinsbit Trading Options

Coinsbit Exchange is a great crypto trading platform with automated systems. It has a strong engine and tools to make trading simpler for both beginners and experienced traders.

The exchange allows you to exchange digital currencies easily. You can also do more advanced trading, such as:

margin trading loans
futures contracts
derivatives.

How to Create and verify a Coinsbit account

To use Coinsbit, you must create an account and verify your identity. This only takes a few minutes. Then, you can deposit funds and start trading.

Create a Coinsbit Account

Creating an account on Coinsbit is easy. Head to the official website, fill out the information in the registration form and click ‘Create’. Make sure the details you provide are correct, as they will be used for logging in later. You’ll then receive a confirmation email.

Verification

To trade on the Coinsbit platform, you must follow the verification process:

Provide proof of identity
Provide proof of residence
Provide proof of source of funds
Provide a selfie with your documents
Additionally, provide any other info that might identify you under AML regulations

Submit these documents to the customer service team via the link on the website and wait for up to 72 hours for Coinsbit’s verification officer to approve your account.

Once approved, you can use Coinsbit to trade in crypto currencies with the peace of mind that your personal data is secure. Congratulations! You have just created and verified a Coinsbit Exchange Account!

How to Deposit and Withdraw money on Coinsbit

Traders who use Coinsbit must understand the deposit and withdrawal process for successful trading. The platform provides different methods for moving funds. The main way is through cryptocurrency transactions. To withdraw, send from your wallet to your Coinsbit account. To deposit, transfer directly from an external wallet into your Coinsbit account. Access funds through the exchange’s built-in wallets.

Before depositing or withdrawing, read all info related to the token. This includes fees and minimum withdrawal amounts. Each currency has its own requirements for confirming data. Ensure accuracy before submitting. All transactions must be completed within a certain timeframe. Delays can cause unsuccessful transfers. Stay up-to-date with current market conditions before executing any transactions.

Coinsbit Fees and Limits

Coinsbit is a premier crypto exchange with low fees, high liquidity and advanced features. Trading fees are 0.2% for Makers and 0.25% for Takers. You can buy Bitcoin with credit or debit cards up to 10 BTC per day. Withdrawals are charged a standard network fee of 0.005BTC per transaction. Up to 100 BTC can be transferred without additional cost (depending on Trading Level). Check out the website for all Coinsbit fees, commissions and rules. Coinsbit beats other exchanges with its variety of features and aggressive commission rates.

Coinsbit Security Measures

Coinsbit exchange is renowned for its security. To keep investors and traders safe, Coinsbit has put in place various measures.

Two protocols are used: Trusted Hosting & Cloud VPS and Multi-Signature Cold Storage.

Trusted Hosting & Cloud VPS provides secure server hosting with multiple layers of redundancy.
Multi-Signature Cold Storage puts user funds in different physical wallets, with two-factor authentication.

Coinsbit also utilizes two-way authentication (2FA) through SMS. Plus, biometric verification and KYC screening guard against identity theft.

By investing in such extensive security, Coinsbit shows it values user data. This guarantees peace of mind when trading on the platform. So, users can be sure their assets are always secure.

Coinsbit Customer Support

Coinsbit‘s customer service is of high quality and users are generally satisfied. There are lots of reviews from Coinsbit users praising the customer service.

The Coinsbit team is available 24/7 to answer queries, provide support and address any issues. They use cutting-edge security to monitor user activity, and do regular checks to keep their platform secure.

Plus, they safeguard user privacy, so all exchanges remain confidential. All crypto deposits with Coinsbit are covered by 100% insurance. This means if any transaction has a problem, their customer staff will help you get a refund or resolution.

If you want an exchange with great security and customer service, give Coinsbit a go! They have a top-notch system, so users feel safe when trading on their platform.

Frequently Asked Questions

Q1: What is Coinsbit Exchange?

A1: Coinsbit is a cryptocurrency exchange founded in 2018. It is based in Estonia and offers a wide range of trading options, including spot trading, margin trading, and derivatives trading.

Q2: Is Coinsbit Exchange safe?

A2: Coinsbit is a regulated and licensed exchange and offers a variety of security measures, including two-factor authentication, cold storage, and encryption. It also has a secure platform with a secure connection.

Q3: What currencies does Coinsbit Exchange support?

A3: Coinsbit supports trading in over 50 currencies, including Bitcoin, Ethereum, Litecoin, and Dash, as well as fiat currencies such as the US dollar, Euro, and Japanese Yen.