Is Coinsbit a Good Crypto Exchange for Beginners?

Trading Conditions for Coinsbit Users

Before you start working with an exchange, it is important that you evaluate its trading conditions. Coinsbit offers traders the following conditions.

Investment programs of Coinsbit

It is important for novice traders not only to trade actively, but also earn passive income. Passive investing can help you earn extra profit, and also compensate for the losses you may incur as a result of active trading. Coinsbit offers the following passive income options.

Investment Programs, Available Markets and Products of the Broker

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.

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.