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☑️NEW Coinsbit.io Reviews: SCAM or LEGIT?

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Coinsbit is a renowned multi cryptocurrency exchange platform allows users to deposit and withdraw cryptocurrency using the available pairs.

Supported Main Coins: Coinsbit Supports BTC, ETH, and USD.

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Getting started with Coinsbit: Any person can register a free account on Coinsbit just by providing a few personal details like Email, password. After confirming the verification email a user can set up its account and can start deposit funds to its account.

Know Your Client: All users who like to deposit or withdraw funds on Coinsbit are required to complete the KYC (Know Your Client) verification. It's a typical verification for all wallets wherein we can deposit funds for withdrawal at a later date. KYC verification generally takes around 24 hours for acceptance or rejection.

Listing of Coins or Tokens: This makes Coinsbit a very unique multi cryptocurrency exchange platform because here we can list our coins or tokens. But there are a few requirements for listing which are as follow:

1. Our proposed project should have a website containing detailed information about the project.

2. Official Reddit and Bitcointalk threads for our project.

3. All such requested are reviewed in a week and informed for rejection or acceptance.

Safe and Secure: It's a very safe and secure format for all traders and Coinsbit tries to adopt all such measures to make it the most versatile network and multi cryptocurrency exchange platform. Coinsbit makes it obligatory for the members to enable the two-factor authentication for payment of amount above or equivalent to $500.

Two-factor authentications really help the investors in making their accounts safe and free from any risk of fraud or hacking. Coinsbit ensures the security of all traders and clients which increases the confidence of users to invest and exchange on Coinsbit. With its safe and secure system, Coinsbit can transact up to 10000 trades every second.

Coinsbit ensures the storage of more than 95 % on cold wallets and adopts the Web Application Firewall (WAF). It's a protective screen of web presentations which detects and blocks all hack attacks.

Cases when a Payment can be delayed: There can be a few cases when a payment can be delayed and it shows the value of two-factor authentication.

1. Rejection in Know your Client (KYC) verification.

2. User Passed know your Client (KYC) verification but didn't enable the two-factor authentication and the requested payment amount is above or equivalent to $500.

3. Payment amount exceeds 100,000 dollars after passing know your Client (KYC) verification and enabled the two-factor authentication.

Multilanguage Support: Coinsbit is a unique platform which provides a highly responsive 24 X 7 Multilanguage support in different languages which support English, Chinese, Japanese, Russian, Indonesian, Spanish and German. Users can switch the website to Hindi and Filipino language as well which makes it easier for users from all around the world to access the website.

Referral Program: Coinsbit has a very attractive referral program wherein payments are sent every month and is charged in the same currency in which the commission is charged.
 
Coinsbit had a recent airdrop 2000 cnb tokens , I applied for kyc verification but it's not yet approved. I have registered to the site without a referral link? Can I get 2000 cnb tokens if my kyc is passed?
 
Coinsbit had a recent airdrop 2000 cnb tokens , I applied for kyc verification but it's not yet approved. I have registered to the site without a referral link? Can I get 2000 cnb tokens if my kyc is passed?

From what I heard yesterday was the last day for applying to it. Write a message to support and ask/give good reason why you were a bit late ;p
 
From what I heard yesterday was the last day for applying to it. Write a message to support and ask/give good reason why you were a bit late ;p
Ok but I didn't sign up to coinsbit using the referral link , so if my kyc is passed somehow by the support team , can I still get the airdrop tokens!
 
Ha yes ! My kyc is finally successful!! And I received 2000 CNB Tokens , I am happy now , when can I trade those tokens? And what's the value of those tokens?
 
How long this exchanger site is running ? Has anyone tried to exchange any cryptocurrencies here in coinsbit? Does this support Erc20 tokens?
 
Well I think coinsbit is a scam exchanger ? What do you think guys? There are not even allowing us to open a trade order for cnb and there are lot of negative comments all over twitter , I think 90% , coinsbit are scam Exchanger
 
No one can get to trade while many claimed that their coins are gone. Let us wait for few hours if any from here will be able to get through.
 
No one can get to trade while many claimed that their coins are gone. Let us wait for few hours if any from here will be able to get through.
This is confirmed as a scam in bitcointalk , I lost all the hopes now , I hope they won't misuse users kyc information and I hope they won't sell those , one of the worst Exchanger
 
Oh, definitely not a good way to start the year. But we have to move one and hope for the best. Are there any other exchangers giving away bounties?
 
Ok now the CNB value is 6 satoshis in Bitcoin lol , not worth at all , even if I trade CNB for Bitcoin , I get only around 0.00009 BTC which I can't withdraw because the withdrawal fees is 0.0012 btc
 
Any news about coinsbit, I made account there beacuse they are "giving" 300usd. But still didn't made kyc after I read this thread...
They are legitimate Exchangers bit I don't think the value will be $300. But it's free money if you Complete kyc verification, so no harm in trying , you will at least earn $5
 
I guess most of these airdrops do have higher value at early stage but they eventually make it to the coin market, the exchange rate usually drop drastically.
 
I guess most of these airdrops do have higher value at early stage but they eventually make it to the coin market, the exchange rate usually drop drastically.
Exactly. Once when the deposit is opened , people start to sell their coins at very low rate and make the coin worthless. This is called dumping of coins
 
Exactly. Once when the deposit is opened , people start to sell their coins at very low rate and make the coin worthless. This is called dumping of coins
If the coin has good track record then this dumping period will be the best to get the coins in large quantities at a very low price.
 

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