Established in August 2018, the Coinsbit Estonian CRYPTO exchange is a great place to convert FIATs into cryptocurrencies.
It offers 26 coins to buy and over 70 pairs of coins to trade, and with a daily turnover volume of 220,066,693 USD is ranked 47th among the best exchanges in the world.
COINSBIT is trying to expand and provide more liquidity in the dynamically developing cryptographic space. Through their utility token, CNB, they aim to crowdfund in three stages of IEO and private sales in order to obtain funds for the further development of the stock exchange.
IEO is the fastest way to crowdfund, and the faster Coinsbit receives funds, the faster it will develop its services. Coinsbit has an MVP with more than 100,000 active users supporting a range of coins, including BTC, ETH, LTC, BCH, BTG, LTC, ETC, TUSD.
Trading with CNB means discounts and further demand value, because one year after the IEO there is a program to buy back their tokens. This is additionally supported by the slow defrosting of the purchased tokens by CNB. CNB, like the BNB or Huobi Global Token (HT), will be used for exchange services when the platform operates on a full throttle basis.
With 1.5 billion CNB tokens, Coinsbit will sell 500 million of them during the IEO – unsold coins will disappear from the market and a further 400 million will be distributed to registered participants provided that they purchase CNB tokens. 100 million will be distributed through the Referral Programme with commissions of up to 5%. The rest, 33% or 500 million CNB chips, have been set aside as a reserve fund.
Coinsbit has successfully carried out three IEO projects, which means that all three projects have achieved their “soft cap”.
What does COINSBIT offer?
The coinsbit exchange offers its users a number of useful tools and a wealth of possibilities. Below you can find some of them.
- Payments with VISA or MasterCard payment cards
- Extremely powerful referral system
- InvestBox investment system, which allows us to receive a given percentage of the paid-in capital every day
- In the future, COINSBIT will introduce P2P lending options
- Coinsbit supports more than 10,000 transactions per second
- Coinsbit uses a WAF(WEB Application Firewall) that detects and blocks all hacker attacks.
- It supports and operates with all basic cryptocurrencies such as BTC, ETH, LTC, BCH, BTG, LTC, ETC, TUSD.
- It has an advanced, but simple to use interface
Why should I use the COINSBIT exchange?
It is worth using the coinsbit exchange because of one of the best WAF security systems. Every exchange user should take care of the security of their coins, and using COINSBIT we can be almost sure that our cryptocurrencies will not fall victim to a hacker attack.
Coinsbit stores 95% of crypto in the so-called cold wallets for security reasons. It also gives you the ability to use 2FA and set the code you need to generate before you can withdraw money from the stock market.
In addition, COINSBIT currently offers some of the best and cheapest commissions on the market. We will pay nothing for making a deposit (in FIATs and crypto currencies) and for making transactions. The only commissions charged by the exchange are commissions on withdrawals, which are as follows:
- 0.0012 BTC;
- 0.01 ETH;
- 4% USD (min 10 USD, max 100 USD);
- 0.02 BCC;
- 10 BNB;
- 0.15% BTG (min 0.2 BTG, max 10 BTG);
- 150 DOGE;
- 0.01 ETC;
- 0.01 LTC;
- 20 TUSD.
It is also worth to use the stock exchange if you want to deposit money with a VISA or MasterCard card, because COINSBIT is one of the few companies that offers such a possibility to its users.
Coinsbit provides 24-hour customer service through its chatbot. This is a visible feature that is displayed on the right hand side of the website and is extremely useful in case of any problems.
You can also sign in to the communication feature using your Facebook or Google account. However, if you prefer to trade cryptocurrencies as privately as possible, you can opt out of this option. More importantly, Coinsbit cares about its customers and has a solid reputation among users for its quick support response to customer problems.
What start bonus do we get from the COINSBIT stock exchange?
Creating an account on Coinsbit takes less than a minute. Just enter your email address and a strong password to secure your account. When you verify your email address and login, Coinsbit will surprise you with a gift of your own Coinsbit coins (CBC).
Please note that this gift will not always be available. But on your lucky day, Coinsbit will give you $500 worth of CBC tokens.
In addition to free tokens, you need to fund your account to start trading on the stock market. The trading platform supports over 40 currencies and you can fund your account using half of them. If you are a new Bitcoin trader, you should probably choose deposits in euro or US dollars and pay by Visa or MasterCard.
Until approximately December 20 or until the use of the pool (900 million) during the registration process we can also take advantage of the bonus and get free $200 in CBC tokens. Unfortunately, we cannot withdraw this money yet, but it will be possible to do so as of January 1st.
For experienced traders, however, there are many currencies available that you can use to fund your Coinsbit account. Deposits are free of charge for most coins, although you will be charged for withdrawals as described in the previous paragraph.
Do I have to verify myself to get a bonus from COINSBIT?
To receive your COINSBIT bonus, simply register on the website and then confirm your email address by clicking on the link in your email. Then COINSBIT need to confirm our identity, so they will ask us to send a scan of your ID card or passport, as well as the self-photo done with the document in your face and sheet of paper with written COINSBIT and today date.
What are the opinions about COINSBIT stock exchange?
On the Internet we can find a lot of opinions about this new stock exchange. Most of the visible opinions are positive. Users recommend COINSBIT for its ability to make payments with payment/credit cards, quick problem solving by support, many security features that protect our cryptocurrencies from hacking attacks and getting into the wrong hands, as well as the affiliate program that allows you to earn extra money for recommending the stock exchange to your friends.
The stock exchange has also been described and recommended on many well-known and popular portals such as Forbes or Bitcoin.com, so it is not some random platform, but a fully professional stock exchange that meets all expectations of its users.