Based in Estonia, CoinsBit is a multi cryptocurrency exchange platform. It allows users to perform crypto or/and fiat transactions by giving orders to buy and sell using the available pairs. CoinsBit does not charge fees for trading or deposit funds, only withdrawals will be charged depending on the currency in question. In addition, it provides a multi-language support available 24/7.
Fee for trading: 0% trading fee.
Deposit fee: Free.
Withdrawal fees:
-0.0012 BTC;
-0.01 ETH;
-4% USD (min 10 USD, max 100 USD);
-0.02 BCC;
-10 BNB;
-0.15% BTG (min 0.2 BTG, max 10 BTG);
-150 DOGE;
-0.01 ETC;
-0.01 LTC;
-20 TUSD.
Liquidity
On the date of first writing this review, 28 March 2019, Coinsbit had a 24 hour trading volume of USD 67 million. This is quite decent, and places Coinsbit on place 54 on the list of the cryptocurrency exchanges in the world with the highest 24 hour trading volume. On the date of last updating this review, the 24 hour trading volume of Coinsbit had improved somewhat to USD 76 million (placing it on place 49 on the list).
US-investors
Coinsbit does not list US-investors as prohibited from trading, but US-investors should – as always – do their own independent assessment of any problems arising from their residency or citizenship. In a worst-case scenario, they may not be able to trade at one or several exchanges that could be the best cryptocurrency exchange site for them (maybe including this one).
Coinsbit Trading View
Different exchanges have different trading views. And there is no “this overview is the best”-view. You should yourself determine which trading view that suits you the best. What the views normally have in common is that they all show the order book or at least part of the order book, a price chart of the chosen cryptocurrency and order history. They normally also have buy and sell-boxes. Before you choose an exchange, try to have a look at the trading view so that you can ascertain that it feels right to you. This is the trading view at Coinsbit:
Coinsbit Security
Finally, we run all the exchange-websites in Mozilla’s Observatory-test (https://observatory.mozilla.org/). The score in such test is one of many indicators of the exchange’s security. Coinsbit received an F-score in this test. When looking at all the exchanges in our Cryptocurrency Exchange List, the majority of all exchanges actually receive an F-score. So it shouldn’t lead you to believe that the exchange necessarily has poor security.
Also, Coinsbit states clearly on its website that it has 95% of all assets in cold storage.
The exchange reviewed above is what we call an “entry-level exchange”. This means that this exchangealso makes it possible for someone to enter the cryptocurrency market with fiat currency. There are numerous entry-level exchanges out there, including (but not limited to):
PrimeXBT
Simex
BaseFEX
Currency.com
CEX.io
Changelly
Crex24
Binance
Bittylicious
Coinmate
Join now
https://coinsbit.io/referral/3dbad178-70fd-4d14-8c37-198fd71a6f95
