RESEARCH & ANALYSIS
FOR THE CRYPTO ECONOMY.

Coinsbit

Coinsbit Exchange Review

Centralized

Coinsbit Overview

  • Coinsbit is an Estonia-based crypto-asset exchange platform launched in 2018. Cointelligence downloaded Valid Beneficial Owner information for the ITEcosystem OÜ company registered in Estonia, the same company mentioned on Coinsbit website with Yaroslav Yarovenko listed as the sole beneficial owner. The exchange was named the “best trading platform launched in 2018” at Blockchain Life 2019 Asia.

    With 73 active markets, the exchange does pretty well for itself as it is ranked 29th among the top-rated exchanges by 24h trading volume. The main coins available for trading on Coinsbit seem to be Bitcoin, Ethereum, and Litecoin. Moreover, it supports a decent arsenal of stablecoins to trade on its platform as well. These include Tether, Paxos Standard, and more.

    Coinsbit’s platform allows fiat-to-crypto trading alongside crypto-to-crypto trading, and deposits can also be made through Visa/Mastercard rather than just bank wire transfer. The platform currently supports FIAT deposits of only USD and EUR, but wishes to cater more to the Asian market in the future and is looking to scale to the Chinese market in 2020, supporting deposits and allowing trades of Chinese yuan.

    Coinsbit’s website supports 13 different languages, and claims to offer 24/7 support in 7 of these languages. Despite this, however, questions can be made regarding the quality of the support given. A quick look at Coinsbit’s website displays poor use of English throughout the majority of the website. 

    Coinsbit also seems to struggle with public opinion - especially on popular social media websites like Twitter and Reddit. There are a lot of users talking about their dislike of the delay in withdrawals, while many other users are talking about the quality of support they receive on the website. This negative public opinion is never addressed by Coinsbit themselves, despite having their own semi-active social media pages, which leads to a question regarding their transparency. As an example, hardly any information can be found about the founders, employees of the company, or about the company itself. As a platform wishing to distinguish itself from others, something should be done to address this lack of transparency.

     

     

    Coinsbit Exchange Review, Trading Fees, Deposit and Markets

    • 24h Trading Volume

      75,316.501 BTC

      • Coinsbit Total Trading Pairs

        72

        • Coinsbit Margin Trading

          No

          • Coinsbit Deposit fees

            Free

            • Coinsbit Trading fees

              0.2%

              • Coinsbit Fiat Deposit

                Yes

                • Accepted Payment Method

                  Crypto to Crypto, Crypto to FIAT

                  • Coinsbit Native token

                    Yes

                    • Native token smart contract

                      N/A

                      • Coinsbit Trading Markets
                        • Coinsbit Stablecoins trading

                          Coinsbit Markets Data

                          Market Price Volume(24h) Change(24h) Last update
                          ATB/BTC Ƀ 0.00000030 ATB 36,104.3

                          Ƀ 5.0e-8

                          20.00%

                          2020-01-10 02:37:12
                          ATB/ETH Ξ 0.00001492 ATB 34,103.6

                          Ξ 9.0e-8

                          0.61%

                          2020-01-10 02:37:14
                          ATB/USD $ 0.001005 ATB 34,966.1

                          $ 0.00013

                          15.33%

                          2020-01-10 02:37:19
                          BCH/BTC Ƀ 0.03047 BCH 171.28

                          Ƀ 0.00033

                          1.10%

                          2020-01-10 02:38:02
                          BCH/ETH Ξ 1.65 BCH 178.48

                          Ξ 0.032

                          1.97%

                          2020-01-10 02:36:18
                          BCH/USD $ 238.41 BCH 180.29

                          $ -2.72

                          -1.13%

                          2020-01-10 02:37:09
                          BNB/BTC Ƀ 0.001838 BNB 194,337.3

                          Ƀ 0.000019

                          1.02%

                          2020-01-10 02:38:07
                          BNB/ETH Ξ 0.1050 BNB 126,220.1

                          Ξ 0.0015

                          1.42%

                          2020-01-10 02:38:01
                          BNB/EUR € 13.48 BNB 2,812.77

                          € -1.03

                          -7.12%

                          2020-01-10 02:36:15
                          BNB/USD $ 15.49 BNB 118,659.5

                          $ 0.090

                          0.58%

                          2020-01-10 02:35:22
                          BQTX/BTC Ƀ 0.00000487 BQTX 97,227.7

                          Ƀ -0.0000065

                          -57.09%

                          2020-01-10 02:35:20
                          BQTX/ETH Ξ 0.0005946 BQTX 74,665.2

                          Ξ -0.000020

                          -3.31%

                          2020-01-10 02:37:10
                          BQTX/USD $ 0.07944 BQTX 90,429.7

                          $ -0.0051

                          -6.08%

                          2020-01-10 02:37:13
                          BTC/EUR € 7,190.62 Ƀ 6,613.73

                          € 7.32

                          0.10%

                          2020-01-10 02:37:18
                          BTC/PLTC PLTC 1,297.30 Ƀ 8.59

                          PLTC 1.69

                          0.13%

                          2019-09-23 14:36:36
                          BTC/USD $ 8,156.97 Ƀ 43,714.9

                          $ 166.01

                          2.08%

                          2020-01-10 02:36:11
                          BTG/BTC Ƀ 0.0007450 BTG 241,557.1

                          Ƀ -0.000029

                          -3.75%

                          2020-01-10 02:37:11
                          BTG/ETH Ξ 0.04259 BTG 6,583.41

                          Ξ -0.0014

                          -3.08%

                          2020-01-10 02:37:24
                          BTG/USD $ 5.81 BTG 4,607.20

                          $ -0.40

                          -6.38%

                          2020-01-10 02:37:20
                          CRON/BTC Ƀ 0.0001200 CRON 88.57

                          Ƀ -0.00015

                          -55.54%

                          2020-01-09 19:56:27
                          CRON/ETH Ξ 0.8900 CRON 0

                          Ξ 0.0

                          0.00%

                          2020-01-08 16:29:17
                          CRON/USD $ 0.6000 CRON 5.96

                          $ -0.070

                          -10.45%

                          2020-01-09 19:56:23
                          DOGE/BTC Ƀ 0.00000034 DOGE 1,154,361,724.2

                          Ƀ -2.0e-8

                          -5.56%

                          2020-01-10 02:37:20
                          DOGE/ETH Ξ 0.00001970 DOGE 1,866,575,661.3

                          Ξ 0.0000047

                          31.07%

                          2020-01-10 02:37:13
                          DOGE/EUR € 0.002065 DOGE 3,558,746.7

                          € 0.000018

                          0.88%

                          2020-01-10 02:36:20
                          DOGE/PLTC PLTC 0.0003125 DOGE 9,957,508.1

                          PLTC -0.0000020

                          -0.64%

                          2019-09-23 14:35:37
                          DOGE/USD $ 0.002608 DOGE 2,152,730,053.4

                          $ -0.00030

                          -10.46%

                          2020-01-10 02:35:11
                          E2C/BCH BCH 0.00007254 E2C 1,112,344.5

                          BCH -0.0000023

                          -3.13%

                          2019-12-01 00:34:11
                          E2C/BTC Ƀ 0.00000108 E2C 6,217,661.7

                          Ƀ -3.0e-8

                          -2.70%

                          2019-12-01 00:32:26
                          E2C/BTG BTG 0.002087 E2C 1,173,333.3

                          BTG 0.0000021

                          0.10%

                          2019-12-01 00:28:18
                          E2C/ETH Ξ 0.00005528 E2C 15,078,718.6

                          Ξ -3.3e-7

                          -0.59%

                          2019-12-01 00:35:12
                          E2C/EUR € 0.01192 E2C 997,358.1

                          € -0.000060

                          -0.50%

                          2019-12-01 00:30:20
                          E2C/LTC Ł 0.0002969 E2C 1,280,102.8

                          Ł -0.0000015

                          -0.50%

                          2019-12-01 00:36:17
                          E2C/USD $ 0.009880 E2C 3,623,426.8

                          $ -0.00022

                          -2.16%

                          2019-12-01 00:35:17
                          ETC/BTC Ƀ 0.0006523 ETC 3,314,630.1

                          Ƀ 0.000016

                          2.45%

                          2020-01-10 02:38:02
                          ETC/ETH Ξ 0.03723 ETC 558,688.0

                          Ξ 0.0010

                          2.85%

                          2020-01-10 02:38:01
                          ETC/USD $ 5.28 ETC 236,884.8

                          $ 0.18

                          3.53%

                          2020-01-10 02:34:18
                          ETH/BTC Ƀ 0.01751 Ξ 293,585.5

                          Ƀ -0.000067

                          -0.38%

                          2020-01-10 02:38:02
                          ETH/EUR € 125.75 Ξ 189,988.5

                          € -0.58

                          -0.46%

                          2020-01-10 02:36:17
                          ETH/PLTC PLTC 24.43 Ξ 811.89

                          PLTC 0.85

                          3.60%

                          2019-09-23 14:28:26
                          ETH/USD $ 140.98 Ξ 351,890.3

                          $ -3.44

                          -2.38%

                          2020-01-10 02:36:16
                          FCQ/BTC Ƀ 0.00000670 FCQ 833,682.7

                          Ƀ -0.000023

                          -77.52%

                          2020-01-10 02:17:12
                          FCQ/ETH Ξ 0.0002500 FCQ 534.40

                          Ξ -1.0e-8

                          0.00%

                          2020-01-10 02:04:41
                          FCQ/USD $ 0.05000 FCQ 0

                          $ 0.0

                          0.00%

                          2020-01-08 13:41:46
                          GST/BTC Ƀ 0.00000002 GST 1,734,805.3

                          Ƀ 0.0

                          0.00%

                          2020-01-10 02:29:13
                          GST/E2C E2C 0.01370 GST 9,985,723.5

                          E2C -0.00030

                          -2.13%

                          2019-12-01 00:34:22
                          GST/ETH Ξ 0.00000123 GST 79,015,859.7

                          Ξ -0.0000014

                          -52.87%

                          2020-01-10 02:37:11
                          GST/EUR € 0.0002558 GST 95,335,316.5

                          € -0.00016

                          -38.29%

                          2020-01-10 02:36:20
                          GST/USD $ 0.0001988 GST 129,732,088.2

                          $ -0.00080

                          -80.10%

                          2020-01-10 02:37:10
                          HLT/BTC Ƀ 0.00002664 HLT 22,945.0

                          Ƀ 6.0e-8

                          0.23%

                          2020-01-10 02:34:24
                          HLT/ETH Ξ 0.0005945 HLT 26,803.5

                          Ξ 0.0000054

                          0.92%

                          2020-01-10 02:31:19
                          HLT/USD $ 0.2771 HLT 30,441.8

                          $ -0.0025

                          -0.91%

                          2020-01-10 02:36:11
                          IOUX/BTC Ƀ 0.00003281 IOUX 54,694.8

                          Ƀ -0.0000039

                          -10.62%

                          2020-01-10 02:37:17
                          IOUX/ETH Ξ 0.001135 IOUX 212,727.9

                          Ξ -0.0000054

                          -0.47%

                          2020-01-10 02:21:22
                          IOUX/USD $ 0.2926 IOUX 74,530.0

                          $ 0.000030

                          0.01%

                          2020-01-10 02:35:14
                          KEP/BTC Ƀ 0.00000018 KEP 16,385.4

                          Ƀ -2.2e-7

                          -55.00%

                          2020-01-10 01:56:00
                          KEP/ETH Ξ 0.00007500 KEP 0

                          Ξ 0.0

                          0.00%

                          2020-01-08 10:29:23
                          KEP/USD $ 0.001100 KEP 576.73

                          $ 0.000097

                          9.67%

                          2020-01-09 23:02:11
                          KICK/BTC Ƀ 0.00000001 KICK 2,637,387.2

                          Ƀ -1.0e-8

                          -50.00%

                          2020-01-10 01:19:12
                          KICK/ETH Ξ 0.00000053 KICK 2,032,395.5

                          Ξ -0.0000025

                          -82.74%

                          2020-01-10 02:34:14
                          KICK/USD $ 0.00008194 KICK 785,851.4

                          $ -0.00048

                          -85.40%

                          2020-01-10 02:17:18
                          LTC/BTC Ƀ 0.005713 Ł 473,766.3

                          Ƀ 0.000032

                          0.56%

                          2020-01-10 02:37:59
                          LTC/ETH Ξ 0.3265 Ł 388,543.4

                          Ξ 0.0032

                          0.99%

                          2020-01-10 02:38:02
                          LTC/EUR € 44.68 Ł 760.43

                          € -5.83

                          -11.54%

                          2020-01-10 02:37:17
                          LTC/USD $ 46.12 Ł 412,791.2

                          $ -0.61

                          -1.31%

                          2020-01-10 02:36:21
                          PLTC/EUR € 5.00 PLTC 27,633.0

                          € 0.0

                          0.00%

                          2020-01-10 02:36:14
                          PLTC/USD $ 5.54 PLTC 11,937.0

                          $ 0.0

                          0.00%

                          2020-01-10 02:34:14
                          SLV/BTC Ƀ 0.00004674 SLV 1,048.07

                          Ƀ -0.010

                          -99.53%

                          2020-01-10 01:54:00
                          SLV/ETH Ξ 0.4000 SLV 0.008731

                          Ξ 0.39

                          3,900.00%

                          2020-01-09 07:13:11
                          TUSD/BTC Ƀ 0.0001017 TUSD 167,875.5

                          Ƀ -6.0e-8

                          -0.06%

                          2019-09-23 14:36:26
                          TUSD/ETH Ξ 0.004866 TUSD 161,135.1

                          Ξ 0.000091

                          1.91%

                          2019-09-23 14:35:35
                          TUSD/USD $ 1.06 TUSD 61,328.7

                          $ 0.0

                          0.00%

                          2019-09-23 14:36:34

                          Coinsbit Withdrawals

                          • Daily Withdrawal Limit

                            500 USD or equivalent for basic accounts

                            • Coinsbit Withdraw fees

                              BTC - 0.002
                              ETH - 0.02
                              BCH - Free
                              Full list of fees can be found here

                              • Coinsbit Withdraw fees discount

                                N/A

                                • Proof of Reserves

                                  N/A

                                  Coinsbit Exchange KYC and AML

                                  • Coinsbit Exchange KYC and AML

                                    Personal ID, selfie with ID.

                                    • Coinsbit AML policy

                                      AML Policylink

                                      Coinsbit Exchange Additional Information

                                        • Coinsbit Headquater

                                          Estonia

                                          • Coinsbit Establish date

                                            2018