Coinsbit vs Binance: Fees, Coins, Safety Comparison
Feature | Coinsbit | Binance |
---|---|---|
Overall |
2.8 |
4.8 |
1 |
4.5 |
|
3.6 |
4.8 |
|
3.3 |
5.0 |
|
Investment Instruments |
2.3 |
4.7 |
Platforms and Charting Tools |
2.6 |
4.9 |
Deposit and Withdrawal |
3.2 |
4.7 |
Research |
3.3 |
4.6 |
Education |
2.6 |
4.8 |
Support |
2.8 |
4.8 |
Bonuses |
3.1 |
4.2 |
Your capital is at risk.
|
Your capital is at risk.
|
Coinsbit vs Binance: Pros and Cons
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 Binance exchange is one of the largest cryptocurrency exchanges in the world with its headquarters in Hong Kong. According to the CoinMarketCap cryptocurrency portal, Binance holds the top spot in terms of aggregate indicators of the platform's daily turnover, the number of novices and active users, liquidity, and web traffic (ranking, queries, statistics in search engines, etc.). The exchange is also a cryptocurrency startup that has its own “native asset” used in the Binance ecosystem as the “basis gas” (payment internal unit).
Coinsbit | Binance | |
---|---|---|
Overall Pros | the most popular cryptocurrencies are traded on this exchange; | Trading With Leverage up to 1:100 |
there are eight crypto-fiat pairs; | Low Trading and Non-Trading Fees | |
there’s the opportunity to invest profitably in the blockchain; | 10+ Account Fiat Currencies + 50 Crypto | |
loans in crypto; | Derivatives, NFT, ETF are Available | |
convenient application for mobile trading; | Indicators are Available | |
simplified and professional cryptocurrency trading; | Passive Income With Staking and Mining Pool | |
high level of security (cold storage and WAF); | Strong Research | |
high productivity (up to 10,000 trades per minute); | ||
low but fixed commissions for trading operations; | ||
Overall Cons | no call center; | No tier-1 regulation |
no training courses. |
Coinsbit vs Binance: Safety and Regulation
Regulated By: | Coinsbit | Binance |
---|---|---|
SEC |
No |
No |
FINRA |
No |
No |
SIPC Protection |
No |
No |
Other Regulators |
No |
Registered as Digital Asset Service Provider (DASP) by Autorité des marchés financiers (AMF) |
Coinsbit vs Binance: Trading Conditions
Trading Conditions | Coinsbit | Binance |
---|---|---|
Minimum Deposit |
0.00001 BTC |
$1 |
Trading Platforms |
TradingView |
Binance |
Max Leverage (Futures) |
44562 |
1-100 |
Number of Markets |
1 560+ |
1.358 |
Trading Accounts |
1 |
1 |
Base Account Currencies |
Cryptocurrencies, fiat currencies |
USD, EUR, GBP +10 fiat currencies, 50+ Cryptocurrencies |
Coinsbit vs Binance: Fees
Trading Fees
Fee | Coinsbit | Binance |
---|---|---|
Max Maker |
0.2% |
0.1% |
Max Taker |
0.2% |
0.1% |
Min Maker |
0.2% |
0.012% |
Min Taker |
0.2% |
0.024% |
Debit/Credit Card Purchase Fee |
0.8% |
0.01 |
Futures Trading fees
Fee | Coinsbit | Binance |
---|---|---|
Max Maker |
Not supported |
0.02% |
Max Taker |
Not supported |
0.04% |
Min Maker |
Not supported |
0 |
Min Taker |
Not supported |
0 |
Non-Trading Fees
Fee | Coinsbit | Binance |
---|---|---|
Account Fee |
No |
No |
Deposit Fee |
USD 0.8% , Crypto - free |
No |
Bank Transfer Withdrawal Fee |
0.4% |
1.5 USD |
Debit/Credit Card Withdrawal Fee |
0.4% |
0.0001 |
BTC Withdrawal Fee |
0.0005 BTC |
0.0001 BTC |
Inactivity Fee |
No |
No |
Coinsbit vs Binance: Trading Assets
Asset Name | Coinsbit | Binance |
---|---|---|
Overall |
1 560+ |
396+ |
Bitcoin (BTC) |
Yes |
Yes |
Litecoin (LTC) |
Yes |
Yes |
Dogecoin (DOGE) |
Yes |
Yes |
Binance Coin (BNB) |
Yes |
Yes |
Uniswap (UNI) |
No |
Yes |
Ripple (XRP) |
Yes |
Yes |
Polkadot (DOT) |
No |
Yes |
Cardano (ADA) |
Yes |
Yes |
Stellar (XLM) |
Yes |
Yes |
IOTA (MIOTA) |
No |
Yes |
Tron (TRX) |
Yes |
Yes |
Derivatives (Futures) |
No |
Yes |
NFT |
No |
Yes |
Crypto ETF |
No |
Yes |
Coinsbit or Binance: Investment Programs
Asset Name | Coinsbit | Binance |
---|---|---|
Staking |
Yes |
Yes |
Mining pool |
No |
Yes |
Managed Accounts |
No |
No |
MAM/PAMM |
No |
No |
Other |
No |
No |
Trading Platforms: Binance or Coinsbit
Coinsbit | Binance | |
---|---|---|
Web |
Yes |
Yes |
Desktop |
No |
Yes |
Mobile (Android, iOS) |
Yes |
Yes |
Your capital is at risk.
|
Your capital is at risk.
|
Trading Platforms Features: Binance or Coinsbit
Coinsbit | Binance | |
---|---|---|
SMS Based 2 FA |
No |
Yes |
App Based 2 FA |
Yes |
Yes |
Voice Call 2 FA |
No |
No |
Search Bar |
Yes |
Yes |
Filters |
Yes |
Yes |
Technical Analysis: Binance or Coinsbit
Coinsbit | Binance | |
---|---|---|
Indicators |
Yes |
Yes |
Drawing tools |
Yes |
Yes |
Historical Trades |
Yes |
Yes |
Live 2 Quotes |
Yes |
Yes |
Mobile trading: Binance or Coinsbit
Coinsbit | Binance | |
---|---|---|
iOS Version |
Yes |
Yes |
Android Version |
Yes |
Yes |
Apple Watch App |
No |
No |
Touch ID |
No |
No |
Face ID |
No |
No |
Types of orders: Binance or Coinsbit
Coinsbit | Binance | |
---|---|---|
Market |
Yes |
Yes |
Limit |
Yes |
Yes |
Stop Loss |
No |
Yes |
Stop Limit |
Yes |
Yes |
Trailing Stop |
No |
Yes |
Coinsbit vs Binance: Deposit and Withdrawal Methods
Deposit and Withdrawal Method | Coinsbit | Binance |
---|---|---|
Bank Transfer |
Yes |
Yes |
Credit/Debit Card |
Yes |
Yes |
Electronic Wallets |
No |
Yes |
Crypto |
Yes |
Yes |
Coinsbit vs Binance: Research
Research Type | Coinsbit | Binance |
---|---|---|
News Feed |
No |
Yes |
Fundamental Data |
Yes |
Yes |
Chart Analysis |
Yes |
Yes |
Trading Ideas |
Yes |
No |
E-Mail Reports |
No |
Yes |
Coinsbit vs Binance: Education
Education Type | Coinsbit | Binance |
---|---|---|
Demo-account/Paper Trading |
Yes |
No |
Courses |
No |
Yes |
Articles |
Yes |
Yes |
Videos |
No |
Yes |
Webinars |
No |
Yes |
Binance vs Coinsbit: Support
Support Features | Coinsbit | Binance |
---|---|---|
Working Days |
24/7 |
24/7 |
Yes |
Yes |
|
Phone |
No |
Yes |
Online chat |
Yes |
Yes |
Other |
No |
Telegram |
Coinsbit vs Binance: Crypto Bonuses and Promo
Promo | Coinsbit | Binance |
---|---|---|
Crypto Bonus |
Trading contests, Bug Bounty Vulnerability Search Bonus Program |
No |
Affiliate Program |
25% of commissions for first-level referrals; 15% of commissions for second-level referrals; 10% of the commissions of third-level referrals. |
40% of the partner's trading commissions |
Your capital is at risk.
|
Your capital is at risk.
|
Top 5 Reviews on Binance
-
Comment
Binance has been super flexible when it comes to payment methods. It offers the usual mediums like bank deposit, debit card/credit card, crypto deposit, while also supporting newer ones like my favorite e-wallet. Integrating my e-wallet with my Binance account made all the withdrawals instant whenever I sell USDT in the P2P marketplace. The conversion rate is also attractive, making this method favorable to those who are frequently buying and selling on the platform. I withdraw money from them at least once a month and never experience delays. On a side note, I always use the same e-wallet account and had not tried doing it using bank transfers because of fees associated with doing so. There is no fee on this method so I prefer to use it over others.
-
Comment
Despite the growing number of reported hacks in the crypto space, I never once felt worried about using Binance as my crypto exchange. They have the most extensive security verification methods, and this makes me feel that trusting my funds with them is one of the best decisions I’ve made. Earlier this year I lost my phone number to which my Binance acct was connected and got very worried that my funds will be compromised. Turns out, it was easy to replace my old contact info with my new number, and they also suggested that I activate my 2-factor authentication for an extra layer of protection. I have also recently activated my passkeys for added security. All these years, Binance has been nothing but a trustworthy platform to me. I only trade crypto with them and nowhere else.
-
Comment
I created my account with Binance four years ago. It was during the middle of the crypto boom. I thought it was just a phase and would completely forget about it after the pandemic. But it turns out it is not :D. I still actively trade with the same account. Probably what made me stay is the ease of use, either when I am trading with the website or through the Binance app. Features in both platforms are easy to understand and use. I never had to consult YouTube videos as I normally do with my other brokerage accounts to figure out how a certain tool/button works. What you see is what you get. Never had issues with order execution, deposits, and withdrawals either which made the overall trading experience an excellent one all these years. I think Binance took over the crypto market easily for the same reason. It sold us the idea that trading is easy after all.
-
Comment
My experience with Binance has been predominantly positive. The platform's extensive cryptocurrency offerings, user-friendly interface, advanced trading features, and commitment to security make it a compelling choice for both novice and experienced traders alike.
-
Comment
Binance is the best cryptocurrency exchange for me. There is a very rich selection of cryptocurrency pairs, and many new tokens are added. The crypto rate is market-based, I checked with different exchanges, there is no big difference. With Binance, you can get a good return. I recommend the exchange.
Top 5 Reviews on Coinsbit
-
Comment
Coinsbit suffers from frequent technical issues, including slow transactions and unreliable performance during peak hours. Furthermore, the lack of transparency regarding fees and security measures raises concerns about the platform's integrity. I advise caution and recommend exploring alternative exchanges for a smoother trading experience.
-
Comment
Money is not withdrawn, information is not given, the specified phones are fake. Another kidalovo.
-
Comment
The support could not give clear answers to my questions, this indicates the frivolity of the company. It looks like everything is fake. Therefore, I think that especially for beginners, there is every chance to easily drain all the money.
-
Comment
This is an average exchange with average opportunities. Although I have been trading on Coinsbit for two years, I cannot call this platform above average. Yes, there are passive investing chips. But at the moment, many exchanges offer such investment and accept the same CNB coin that you could get for free not so long ago. Everyone expected the CNB rate to skyrocket, but it sank so that it makes no sense to sell CNB now. I still keep this token in the investment pool, but the profitability on it is very weak. I think the owners of the Coinsbit exchange should do some marketing work. Otherwise, clients will start scattering.
-
Comment
Everything suits me on the Coinsbit exchange and there are a very large number of crypto pairs here. The exchange is constantly listing and adding new crypto pairs. The support service works competently and always answers questions. So far, no controversy has arisen. The trading platform is good and deals are opened very quickly. I trade the main crypto pairs in most transactions, the demand and supply for them are high. I don’t use such functions as investing or 2P2 loans, trading is enough for me. The commissions for transactions are quite acceptable, and I did not notice that the exchange took commissions for input and output.
FAQs
What should I start Crypto trading with?
For starters, you need to learn what crypto trading is, understand what cryptocurrency is and the risks and opportunities cryptocurrency trading has. It is also important to learn the existing strategies. The second step is to choose the best crypto exchange with good trading conditions. A demo account that you can use to gain valuable experience risk free is an important advantage of an exchange.
What amount should I start trading with?
It is recommended to start trading cryptocurrencies with a small amount. That way, if you partially lose it, it won’t pose a serious financial problem for you. This is because cryptocurrencies are highly volatile, which carries certain risks for novice traders. The majority of cryptocurrency exchanges allow traders to start from a small amount – from $1 to $50 or its cryptocurrency equivalent.
What should I take into consideration when choosing a crypto exchange?
The first thing experts recommend looking at when considering crypto exchanges is their reliability. Other important features include basic trading conditions, commissions and fees, customer reviews. If crypto exchanges are approximately the same in terms of basic criteria, you need to choose based on your experience and tasks. One crypto exchange may be good for professionals and another – for novice traders.
Can a cryptocurrency exchange turn out to be a scam?
Unfortunately, this does happen. Therefore, it is better to choose cryptocurrency exchanges that have been operating in the market for at least several years and have a stable reputation. Regulation of an exchange in one of the countries with high legal culture is also an advantage.
Team that worked on the article
Mikhail Vnuchkov joined Traders Union as an author in 2020. He began his professional career as a journalist-observer at a small online financial publication, where he covered global economic events and discussed their impact on the segment of financial investment, including investor income. With five years of experience in finance, Mikhail joined Traders Union team, where he is in charge of forming the pool of latest news for traders, who trade stocks, cryptocurrencies, Forex instruments and fixed income.
Olga Shendetskaya has been a part of the Traders Union team as an author, editor and proofreader since 2017. Since 2020, Shendetskaya has been the assistant chief editor of the website of Traders Union, an international association of traders. She has over 10 years of experience of working with economic and financial texts. In the period of 2017-2020, Olga has worked as a journalist and editor of laftNews news agency, economic and financial news sections. At the moment, Olga is a part of the team of top industry experts involved in creation of educational articles in finance and investment, overseeing their writing and publication on the Traders Union website.