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Coinsbit

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About Coinsbit

Brief Overview of the Exchange

Launched in mid-2018, Coinsbit has swiftly positioned itself as a rapidly evolving cryptocurrency trading platform, officially registered in Estonia. Estonia declares its ambition to be a key hub for crypto-business in Europe, offering licensing services for cryptocurrency exchanges and wallets. Coinsbit is different from other platforms with its innovative approach, robust security measures, and support for top cryptocurrencies.

Fees

Coinsbit offers standard fees for all its users: 0.20% on both sides of the trade, which is relatively low compared to competitors in the industry. The withdrawal fee is 0.0005 BTC for each BTC operation, which is in line with the average level in the industry.

Registration and Verification 

To start trading on Coinsbit, new users are required to register an account on the exchange's website and complete KYC verification. That involves providing documents to confirm identity and place of residence.

Deposit and Withdrawal

Coinsbit provides its users with numerous options for depositing funds, including bank transfers and transactions using credit cards. This diversity in funding methods makes the platform attractive to new participants in the cryptocurrency market.

Customer Support and Educational Programs

The exchange offers extensive support options for its customers, including various communication channels such as email, online chat, and forums. Additionally, Coinsbit actively develops educational programs for cryptocurrency beginners, providing tutorials and educational resources.

Supported Currencies and Geographical Reach

The Coinsbit platform supports a wide range of cryptocurrencies (over 50), including such popular ones as Bitcoin, Ethereum, and Ripple. Coinsbit attracts users from all over the world, especially from Latin America, Asia, and Eastern Europe.

Security Features and Innovations

Coinsbit pays particular attention to users' security, employing advanced protection technologies, including cold storage and firewall systems. The exchange also offers additional services such as OTC trading and cryptocurrency staking, making it appealing to traders and large investors.

Mobile Application and User Interface

Coinsbit provides a functional mobile app for iOS and Android devices, enabling users to trade and monitor their accounts anytime, anywhere. The Coinsbit trading platform features an intuitive interface with advanced market analysis tools.

Final Thought

Coinsbit is an innovative and reliable cryptocurrency trading platform that combines affordable fees, a wide range of trading instruments, and robust security measures. The platform is well-suited for both experienced investors and beginners in the cryptocurrency market.

Mykola Udianskyi

CEO at Coinsbit

Key data

data refreshed every 10 minutes
Founded2018-06-20T00:00:00.000000Z

Coinsbit is a centralized cryptocurrency exchange (CEX) that launched in 2018 and operates through its official website, coinsbit.io. It follows the classic centralized model: company-managed wallets, order-book trading, and account-based access rather than peer-to-peer swaps. This page covers the essentials — what the platform is, how it works, and what's worth a second thought before you sign up.

Frequently asked questions

What is Coinsbit?

Coinsbit is a cryptocurrency exchange that has been operating since 2018, accessible at coinsbit.io. It serves as a venue for buying, selling, and trading digital assets. Like most platforms of its kind, it targets both everyday retail traders and projects looking to list their tokens.

Is Coinsbit a centralized or decentralized exchange?

Coinsbit is a centralized exchange (CEX). That means the platform itself holds and manages users' funds, matches orders internally, and requires registered accounts, typically with identity verification. If keeping full control of your own keys is a priority, a decentralized exchange would be a fundamentally different kind of venue.

When was Coinsbit founded?

The exchange was founded in 2018. That's a respectable stretch in an industry where platforms often appear and disappear within a couple of years. Still, longevity alone isn't proof of reliability, so it's worth checking the exchange's current reputation independently.

What should I keep in mind before using Coinsbit?

As with any centralized exchange, you're entrusting the platform with custody of your funds, so its security track record and regulatory status in your jurisdiction matter. Review the fee schedule, withdrawal terms, and support channels before committing. A common-sense rule applies here too: keep only what you actively trade on the exchange and store long-term holdings in your own wallet.

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