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HomeExchangeCoinsbit Crypto Exchange Review: It Is Good Or Bad?

Coinsbit Crypto Exchange Review: It Is Good Or Bad?

About Coinsbit Crypto Exchange

Coinsbit Crypto Exchange is an exchange that launched in August 2018 and is registered in Estonia. Estonia is aiming establish itself as one of the European go-to countries for cryptocurrency companies. As in New York, you can apply for exchange licenses here (normally two licenses together: license as provider of virtual currency exchange against fiat currency, and license as provider of a virtual currency wallet service). This is a very interesting development that we are following closely!

Coinsbit Exchange Basic Points

Exchange NameCoinsbit
Withdraw Fee0.0005 
LanguageEnglish
Fiat DepositYes
Deposit FeesFree. Small deposit fees apply.
Easy To Use Yes
Security High
Taker Fee0.20%
Maker Fee0.20%
Support24/7
Customer Support Available At Ticket & Live Chat
Official SiteHomepage

How To Start ?

How To Sign Up At Coinsbit Crypto Exchange ?

bitfinex sign up button

It Is Very Easy To Sign Up At Coinflex Exchange . Just Click On Sign Up Button At Website .Fill Registration Form With Correct Details Like Your Email , Phone Number , Password Etc . Once You Fill All Data You Get Verification Link At Your Email . Just Verify Your Link For Successfully Verification.

How To Deposit Fund At Coinsbit Exchange ?

Once your account has been verified, click on the ‘DEPOSIT’ button, which you’ll find at the top right-hand side of the screen. Choose which currency you want to deposit and then you will be provided with the Wallet details that you need to transfer the funds to .

How To Trade At Exchange ?

Once your account is funded, you can then begin day trading at Valr. Click on the ‘TRADING’ button at the top of the screen, and you will be taken to the main trading area. You now need to select the trading pair that you want to trade. Finally, enter the amount that you want to buy, decide whether you want to do a ‘market order’ or ‘limit order’, and then place your trade.

How To Withdraw At Coinsbit Exchange ?

Withdrawing your funds from Swipe is very easy. Go to the “Withdraw” window, select the asset you want to take out and fill all the required fields. Note that you won’t be able to withdraw currencies if you haven’t secured your account with 2FA and/or whitelisted addresses.

Coinsbit Trading fees

Trading fees are naturally also very important. Every time you place an order, the exchange charges you a trading fee. The trading fee is normally a percentage of the value of the trade order. At this exchange, they don’t divide between takers and makers. Instead, they have what they call “flat fees”. This means that each party to a transaction pay the same fee. At Coinsbit, this fee is 0.20% of the order value. 0.20% is in line with, or even slightly below, the industry average. Industry average has for a long time been 0.25%, but we are currently seeing a shift towards even lower fees.

Coinsbit Withdrawal fees

Coinsbit Crypto Exchange last time an empirical study on withdrawal fees was made, this one, the study concluded that the average BTC-withdrawal fee was 0.00053 BTC per BTC-withdrawal.

Coinsbit charges a withdrawal fee amounting to 0.0005 BTC when you withdraw BTC, so they are quite in line with the global industry average as mentioned above.

Deposit Methods

Coinsbit Crypto Exchange exchange accepts a wide variety of deposit methods, both wire transfer deposits and credit card deposits are possible. This makes this exchange qualify as an “entry-level exchange”, enabling completely new cryptocurrency investors to take their first steps in the cryptocurrency world.

Advantages

High Performance

Coinsbit Crypto Exchange main distinguishing feature of is the processing speed of up to 10,000 trades every second and 1,000,000 TCP connections.

Strong security

More than 95% of all currency are stored on cold wallets. WAF (Web Application Firewall) – is a web application security screen that detects and blocks hacker attacks.

Support main crypto currency

Coinsbit Crypto Exchange BTC, USDT, ETH, XRP, EOS, XLM, BNB, ONT, WAVES, LTC, BCH, BTG, ETC, TUSD, DOGE, PAX.

Support main fiat currency

USD, EUR, TRY, UAH, RUB, KZT.

Trade Anywhere

Coinsbit Crypto Exchange Stay connected with the latest charts and markets using our Android and iOS apps or you can trade from your desktop using our specialised trading app for Mac or Windows.

Bixer Simond
Bixer Simond
Bixer Is Long Term Writer & Editor At Woodfi . His Hobby Is Writing Article For Wootfi Visitors . His Main Focus Area Is Crypto , Affiliate , Blockchain , NEFT , ICO . In Free Time He Loves To Research New Things
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