Coinsbit Review 2024
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
- 0.00001 BTC
- Mobile application
- TradingView
- Eight fiats, low fixed fees, a blockchain investment and P2P lending, high-security level
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
- 0.00001 BTC
- Mobile application
- TradingView
- Eight fiats, low fixed fees, a blockchain investment and P2P lending, high-security level
Our Evaluation of Coinsbit
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
Coinsbit is a cryptocurrency exchange with higher-than-average risk and the TU Overall Score of 4.68 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by Coinsbit clients on our website, Traders Union expert Anton Kharitonov recommends users to consider a more reliable broker with better conditions, as, according to reviews, many clients of this broker are not satisfied with the company’s work.
The Coinsbit exchange offers extensive opportunities for cryptocurrency trading in the crypto-crypto and crypto-fiat directions. There is a web version of the trading terminal and a mobile application for iOS and Android. There is also a simplified terminal for fast trading and exchange which is a priority for beginners. The platform’s commissions are below average for the segment - 0.2% for the taker/maker. Transactions do not depend on the trading volume. The platform has major cryptocurrencies and tokenized defi-coins, and you can use what you want. There are eight fiats, they give you the possibility to give/take a loan in crypto.
Brief Look at Coinsbit
The Coinsbit exchange is a platform for exchanging, buying, and selling cryptocurrencies. The company trades Bitcoin, Ripple, Litecoin, Bitcoin Cash, Ethereum Classic, and other cryptocurrencies. Defi coins are represented by Swipe, Loopeng, Republic, SushiTokerm, and Compound, etc. There are stablecoins. Coinsbit features crypto-fiat pairs with eight world currencies, including the US dollar and the Russian ruble. There is classic and advanced trading, trading through Metamask and OTC. Passive earning options include staking into blockchain projects and the ability to provide P2P loans. You can receive additional payments for participating in trading contests and the Bug Bounty Vulnerability Search Bonus Program. There is a three-level referral program, and you can enter your own coin on the platform.
- the most popular cryptocurrencies are traded on this exchange;
- there are eight crypto-fiat pairs;
- there’s the opportunity to invest profitably in the blockchain;
- loans in crypto;
- convenient application for mobile trading;
- simplified and professional cryptocurrency trading;
- high level of security (cold storage and WAF);
- high productivity (up to 10,000 trades per minute);
- low but fixed commissions for trading operations;
- a platform for launching cryptocurrency projects.
- no call center;
- no training courses.
TU Expert Advice
Financial expert and analyst at Traders Union
Coinsbit is a young and promising project launched in 2018. The headquarters are located in Mahe (Seychelles). Accordingly, the exchange is subject to Seychelles financial legislation, which guarantees transparent operation and reliability.
The platform provides all the opportunities for comfortable trading; there is an optimal set of cryptocurrencies and a lot of tokenized defi-coins. There are also eight fiats. The list of assets is constantly growing. In addition to professional trading through the TradingView terminal, simplified trading is also possible because this is an exchange service.
The proprietary mobile application is considered to be stable and comfortable. The entire functionality of the web version and services presented on the main platform has been transferred here including staking and P2P lending. Thanks to these features, traders can earn passive income. You also have the opportunity to passively earn on the referral program by means of invited users. This is a three-level program.
According to the results of the tests, no failures were detected. The exchange is convenient for trading, commissions are fixed at 0.2%, which is below the average for the segment. There are additional fees for deposits and withdrawals. You can get cashback (for using CNB) Bonuses in the form of rebates are also possible through the Traders Union. There are no constructive or functional deficiencies.
Coinsbit Summary
Your capital is at risk. Cryptocurrency trading can be extremely risky. Cryptocurrency trading can lead to large and immediate financial losses. The volatility and unpredictability of the price of cryptocurrency relative to fiat currency may result in significant loss over a short period of time. Transactions in cryptocurrency may be irreversible, and, accordingly, losses due to fraudulent or accidental transactions may not be recoverable. The nature of cryptocurrency may lead to an increased risk of fraud or cyber attack.
| 💻 Trading platform: | TradingView web terminal, mobile app for iOS and Android |
|---|---|
| 📊 Accounts: | Standard |
| 💰 Account currency: | Cryptocurrencies, currencies |
| 💵 Replenishment / Withdrawal: | Bank cards and accounts, electronic and cryptocurrency wallets |
| 🚀 Minimum deposit: | 0.00001 BTC |
| ⚖️ Leverage: | 1:1 |
| 💼 PAMM-accounts: | No |
| 📈️ Min Order: | from 0 |
| 💱 Commission: | Market |
| 🔧 Instruments: | Cryptocurrencies, fiat currencies |
| 💹 Margin Call / Stop Out: | No |
| 🏛 Liquidity provider: | No |
| 📱 Mobile trading: | Yes |
| ➕ Affiliate program: | Yes |
| 📋 Orders execution: | N/A |
| ⭐ Trading features: | Eight fiats, low fixed fees, a blockchain investment and P2P lending, high-security level |
| 🎁 Contests and bonuses: | Trading contests, Bug Bounty Vulnerability Search Bonus Program |
You do not need to pay to use the exchange’s platform. However, to start trading, you need to enter a minimum deposit of 0.00001 BTC or its equivalent in any other cryptocurrency or currency. You can use all input channels - from plastic cards to cryptocurrency wallets. Please note that for some assets there is a deposit fee: for example 0.8% + ADV for USD. The platform does not provide leverage for margin trading. Contact technical support via email or social networks. The table below shows the summary trading conditions of the exchange.
Share your experience
- Best
- Last
- Oldest
Commissions & Fees
| Account type | Commission (minimum value) | Withdrawal commission |
|---|---|---|
| Standard | 0.2% per order | Yes |
The exchange has restrictions on the minimum input (minimum deposit) and maximum withdrawal. For example, you cannot withdraw more than $500 per day on basic accounts. For extended accounts, the limit has been increased to $100,000 (or its equivalent in any other asset).
For comparison, the table below shows commissions for several platforms:
| Broker | Average commission | Level |
|---|---|---|
|
$0.2 | |
|
$20 | |
|
$0.1 |
Investment Options
Coinsbit offers several options for passive earnings. The first option is staking, which is providing cryptocurrency to blockchain projects and to managing partners of the platform. To participate in the investment program, you need to go to the “Staking Pool” section of the website. It lists all current projects that require borrowed funds. For each project, the following data is indicated:
minimum staking;
maximum staking;
period and start date;
interest payments.
The investor’s profit ranges from 0.1% to 3.5%, the average investment period is one month. You can invest in a project at any stage, even if there are several hours left until completion (although in this case, you will receive minimal interest payments). The platform does not impose any restrictions, and you can participate simultaneously in any number of projects.
Please note that projects differ in terms of deposit and withdrawal possibilities. Some of them allow you to withdraw the invested deposit in whole or in part at any time. Others do not have such an opportunity (the deposit will be returned to you only after the expiration of the program, along with the accrued interest).
The second option for passive earnings is P2P lending. To do this, go to the “Finance” section of the site and select the “P2P loans” menu item. This service allows traders to take loans and provide them to other users of the platform. However, the opportunity to issue loans is not always available, it depends on the general activity of traders on the platform and their interest in loans.
If you are a large investor and plan on investments over $ 10,000, contact us at vip-invest@tradersunion.com or by the feedback form on our website. Our professional team will take you through all the intricacies of the deal and all the steps from signing up to withdrawal of profits.
Coinsbit’s affiliate program
Coinsbit offers a standard referral program, so you can earn by inviting users to the platform. To do this, you need to go to your personal account and find a referral link in the appropriate section. It can be placed anywhere, every internet user who passes through it and registers on the exchange becomes your referral.
The platform constantly changes the additional conditions of the referral program associated with payments to CNB (the exchange’s own coin). You will receive such payments for inviting users as well as various actions on their part, mainly related to the platform’s coin. Conditions that remain stable:
25% of commissions for first-level referrals;
15% of commissions for second-level referrals;
10% of the commissions of third-level referrals.
You receive a percentage of the trading commissions of invited partner-users (first level). You also have access to a percentage of the trading commissions of users who were invited by your partners (second level), and those who were invited by your partners’ partners (third level). Taking into account the updated bonus conditions, Coinsbit has one of the most advantageous referral programs.
User Satisfaction