Coinsbit exchange review
Coinsbit is a centralized exchange that occupies #90 on Guru InvestingExchange Tracker. Coinsbit has trading volume US$555,552,240 in the last 24 hours and US$268,623,288,250 in the last 7 days.
Coinsbit currently has 82 cryptocurrencies, 2 paper currencies and 109 markets (cryptocurrency trading pairs). The most popular trading pair on Coinsbit: BTC/USDT.
Compare Coinsbit next to other exchanges here: Exchange comparison tool.
Coinsbit is an Estonian centralized cryptocurrency exchange (CEX). Launched in 2018, it offers spot, P2P and over-the-counter (OTC) trading, direct cryptocurrency purchases and blockchain launch pad. In addition to Coinsbit’s centralized crypto exchange services, users can also access Trading on DEX.
The platform can be accessed in 15 languages. Financial services provided by the exchange may be restricted in some countries. You can find Coinsbit’s average volume and popular markets above.
Markets
The Coinsbit cryptocurrency exchange provides several trading methods:
- Spot trading
- Trading on DEX
- P2P trading
- over-the-counter trading
There are two types of accounts for Coinsbit spot traders: Classic and Pro. Margin trading is under development, with plans to launch the service in the foreseeable future.
Coinsbit cryptocurrency exchange supports crypto-crypto and crypto-fiat trading. The US dollar and euro are the main fiat currencies available on the platform. There are over 150 Coinsbit trading pairs available and over 90 assets have been registered since launch.
OTC Coinsbit it is a platform for processing large-scale transactions. This is based on escrow The principle supports both fiat and crypto assets. The Coinsbit cryptocurrency exchange offers stable exchange rates and optimal quotes.
Like many cryptocurrency exchanges, Coinsbit lists its own asset – Coinsbit Token (CNB). This asset was launched in January 2020. CNB holders are entitled to preferential commission rates. You can learn more about Coinsbit cryptocurrency price, market cap and social signals by clicking Here.
The Coinsbit exchange fee is fixed., which means no levels. The fixed rate is 0.2%. It is not based on a producer-receiver model. CNB token holders can receive discounts of up to 50% on fees.
Withdrawal limits are determined by account type and duration. New accounts cannot access the withdrawal service immediately. Basic accounts are limited to $500 per night. Verified advanced accounts are limited to $100,000 per day and must use two-factor authentication. Coinsbit’s cryptocurrency withdrawal fees vary by asset.
other services
Cryptocurrency exchange Coinsbit offers a wide range of financial services beyond spot and over-the-counter trading, such as peer-to-peer loans and purchasing stablecoins. Each service specifies whether the preferred payment method is cryptocurrency, fiat, or either.
Coinsbit Store is a global cryptocurrency platform. It acts like e-commerce platform which offers electronics and other products including phones, computers and home entertainment systems. All prices for Coinsbit cryptocurrency on the trading platform are expressed in USDC, USDN, PLCAnd ChNB.
Coinsbit codes it is a fast transaction service. Users generate a unique code that can be used to transfer assets between accounts. There is no additional Coinsbit cryptocurrency fee for using the Codes service.
Staking supported on the platform. Users can select their preferred betting pool to start earning passive income. The minimum and maximum Coinsbit cryptocurrency price requirements for staked assets, as well as the rate of return, depend on the selected pool.
Although the centralized Coinsbit point is the key market on the platform, it also hosts decentralized exchange (DEX). Coinsbit’s DEX allows you to exchange DeFi tokens and assets. Users are not required to create an account or comply with KYC rules. The service is available through the Metamask wallet.
Coinsbit Launchpad is a platform for financing and launching new and future blockchain projects. Clients can participate in initial exchange offerings (IEO) and token sales to support development teams.
About company
Crypto exchange Coinsbit was founded Nikolay Udyansky in 2018. The company’s headquarters is located in Tallinn, Estonia, but is registered in the Seychelles. Eat over a million registered users.
The Indian branch was launched in April 2021. In September 2022 Coinsbit India renamed to CryptoForce. Keep in mind that these two branches operate separately. Therefore, statistics such as Coinsbit trading volume or market capitalization are different from CryptoForce. You can find out more about the Indian company Here.
Nikolay Udyansky is the former CEO of Coinsbit. He is known as the creator of the Bitcoin Ultimatum fork in the Bitcoin blockchain. Udyansky studied law and cybersecurity at Kharkov National University and received a Ph.D. received his JD degree in 2019. After selling his stake, he left the Coinsbit crypto exchange in December 2019.
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A cryptocurrency exchange is an online platform where you can buy, sell, or trade cryptocurrencies like Bitcoin, Ethereum, and others.
Safety varies by exchange. Look for platforms with strong security measures, like two-factor authentication and cold storage for funds.
Consider factors like security, fees, available coins, user interface, and customer support.
Centralized exchanges are managed by a company, while decentralized exchanges operate without a central authority.
Many exchanges require Know Your Customer (KYC) verification for security and regulatory compliance.
Trading fees vary but typically include maker fees (for adding liquidity) and taker fees (for removing liquidity).
Yes, most exchanges offer cryptocurrency-to-cryptocurrency trading pairs.
Withdrawal times depend on the exchange and the cryptocurrency. Some are instant, while others may take hours or even days.
A wallet address is like a bank account number for cryptocurrencies. It’s required to send your crypto to the right place.
Yes, depending on your country’s tax laws, trading cryptocurrencies may have tax consequences. Consult a tax professional for guidance.
Yes, many cryptocurrency exchanges operate 24/7, allowing you to trade at any time.
A market order buys or sells at the current market price, while a limit order sets a specific price at which you want to buy or sell.
Yes, each exchange sets its own minimum and maximum trading limits, which can vary widely.
It’s not recommended. For security, it’s better to use a cryptocurrency wallet, especially for significant holdings.
Exchanges typically have account recovery processes, including password reset options and support for forgotten usernames.
Some exchanges offer insurance, but coverage can be limited. It’s essential to check an exchange’s insurance policy.
Use strong passwords, enable two-factor authentication, and be cautious of phishing scams and suspicious emails.
Yes, but it’s recommended to learn the basics of trading and understand the risks involved before you start.
Stablecoins are cryptocurrencies pegged to the value of a fiat currency like the US dollar. They provide stability and are commonly used for trading and transferring funds on exchanges.
Yes, regulations vary by country. Many countries have implemented or are considering regulations to govern cryptocurrency exchanges for consumer protection and financial stability.
