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Coinsbit Review

Last Updated on March 20, 2024

James Headshot
Written by
Adam Headshot
Edited by
Coinsbit logo
3.89
Crypto Head Rating
Our review is based on the spot trading platform. Please check our methodology on how we rate exchanges for further information.
Visit Coinsbit

The Bottom Line Our review is based on the spot trading platform. Please check our methodology on how we rate exchanges for further information.

Coinsbit is a centralized cryptocurrency exchange renowned for its wide selection of crypto assets and high liquidity, featuring features like spot trading, staking, an OTC desk and user-friendly security measures such as two-factor authentication.

As with any centralized exchange, users should remain mindful of potential security risks when using this platform.

Table of Contents
Disclaimer: This is not a validation of cryptocurrency or any particular provider, service, or product. It should not be taken as advice to engage in trading or use any services. Please check our terms and conditions.

Pros

  • Offers a wide range of cryptocurrencies
  • Supports multiple fiat currencies
  • Provides a platform for IEOs (Initial Exchange Offerings)
  • Referral program available
  • Advanced security features implemented

Cons

  • User interface may be complex for beginners
  • Customer support can be slow to respond
  • Higher withdrawal fees for certain coins
  • Limited educational resources for new traders
  • Trading volume can be low for some pairs

Quick Summary

Headquarters Location Tallinn, Estonia
Fiat Currencies Supported USD, EUR + 4 others
Total Supported Cryptocurrencies 78+
Trading Fees 0.20%
Deposit Methods Bank Transfer, Debit Card, Credit Card, Cryptocurrency
Support Twitter, Instagram, Live Chat, Help Center Articles, Support Ticket
Mobile App Yes - Android

Coinsbit’s arrival on the crypto trading scene has significantly expanded enthusiasts and professionals’ options for trading cryptocurrencies. Their web-based platform caters to users at all stages of cryptocurrency journey, from beginners dipping their toe into cryptocurrency to professional traders employing complex strategies.

Coinsbit homepage

The platform’s dedication to offering an array of services and maintaining high levels of functionality demonstrates its goal to become an indispensable hub for digital asset trading.

About Coinsbit

Since Coinsbit’s inception, it has expertly navigated the rapidly shifting crypto market landscape. Coinsbit has kept pace with changing trader needs and regulatory initiatives while watching Bitcoin and Ethereum become dominating forces, offering services to accommodate them both and many other cryptocurrency assets.

Fiat currencies made accessible via a Fiat Gateway and bank cards are two features that have made entry-level exchanges more user-friendly for beginners. As decentralized exchanges have proliferated, their adaptability has seen them maintain competitive edge with hybrid models that combine benefits of centralised services with those associated with decentralization ethos.

Coinsbit features

Coinsbit has a number of active social profiles including Twitter, Instagram, LinkedIn, Telegram and YouTube.

Coinsbit has a mobile app on Google Play.

Coinsbit Supported Cryptocurrencies

Coinsbit supports trading on over 78 cryptocurrencies on their platform. This exchange currently supports 15 of the top 30 market cap cryptocurrencies.

  • Bitcoin (BTC)
  • Ethereum (ETH)
  • Tether USDt (USDT)
  • BNB (BNB)
  • Solana (SOL)
  • USDC (USDC)
  • XRP (XRP)
  • Dogecoin (DOGE)
  • Toncoin (TON)
  • Cardano (ADA)
  • Shiba Inu (SHIB)
  • Avalanche (AVAX)
  • TRON (TRX)
  • Polkadot (DOT)
  • Chainlink (LINK)
  • Bitcoin Cash (BCH)
  • Uniswap (UNI)
  • NEAR Protocol (NEAR)
  • Polygon (MATIC)
  • Litecoin (LTC)
  • UNUS SED LEO (LEO)
  • Dai (DAI)
  • Pepe (PEPE)
  • Internet Computer (ICP)
  • Ethereum Classic (ETC)
  • Kaspa (KAS)
  • Aptos (APT)
  • Monero (XMR)
  • Render (RNDR)
  • Hedera (HBAR)

Download full list of cryptocurrencies Coinsbit supports

Trading Experience

Coinsbit offers advanced traders an engaging trading experience by offering them a selection of tools designed to support an array of trading strategies. Coinsbit’s trading platform was specifically engineered to accommodate high-frequency trading – its trades per minute as an indicator of its effectiveness speak volumes about this platform’s capability.

Coinsbit offers features such as market depth and trade history for those engaging in BTC trading or exploring stablecoins, while professional cryptocurrency traders will find useful the platform’s advanced trading options such as maximum leverage and margin trading options to support riskier trading environments when necessary.

Coinsbit exchange marketing

Coinsbit Fees

Coinsbit has structured its fees to remain competitive within the market, adopting an inclusive fee system that covers trades, deposits, and withdrawals. Users can expect an open policy aligned with industry standards to make using Coinsbit transparent and predictable financially.

Coinsbit understands the hefty trading costs can be an insurmountable barrier to entry and profitability, which is why their fees for trading aim to strike a balance between affordability and service quality. From dealing with house currency exchange rates or exploring trading pair dynamics of Russian ruble against major coins – their company believes clear and fair fees are crucial in building trust while encouraging long-term use of their platform.

Fee mechanisms also cover withdrawal fees, which play an integral part in how traders manage and transfer funds.

Type Fee
Deposit Fee (Bank Transfer) Not Listed
Deposit Fee (Credit/Debit Card) Not Listed
Trading Fee 0.20%
Withdrawal Fee (Bank Transfer) Not Listed

Coinsbit supports a range of different cryptocurrencies with varying withdrawal fees. When looking at Bitcoin, their withdrawal fee is 0.0005 BTC. The average across all other exchanges that we've reviewed is 0.000415 BTC. This means Coinsbit charges above the industry average by 20.36%. This is worth noting because it likely means they are also charging higher fees and spreads across all cryptocurrencies on their platform.

Security - Is Coinsbit Safe?

Security is at the core of Coinsbit exchange, taking a multifaceted approach to protecting user assets. Coinsbit has invested in robust security practices including cold storage for most funds and advanced encryption techniques to ensure customer assets remain protected.

Additionally, the exchange abides by stringent regulatory standards, providing users with an extra measure of trust.

Coinsbit is committed to upholding its customer trust through strong security practices. Beyond cold wallets and two-factor authentication, Coinsbit’s platform continues to refine its security measures to address emerging threats while adding extra layers of protection for users.

An important part of their effort to comply with regulatory mandates and protect cryptocurrency deposits involves employing advanced security protocols that fortify their platform from external and internal risks, creating a stronger security environment for users.

Coinsbit Customer Support

Customer support is a cornerstone of any exchange, and Coinsbit does not disappoint with their dedicated support team for customers. Users can expect friendly and responsive assistance.

The exchange provides multiple avenues of support, ensuring that help can always be found quickly when it’s needed.

Customer support is at the core of a successful platform experience, and Coinsbit users can depend on its dedicated support team for help with all manner of queries and issues.

From withdrawal requests to account setup assistance, Coinsbit offers support based on its knowledge of its clients’ varying needs. No matter whether an individual trader or part of a larger brokerage company, Coinsbit’s customer service levels reflect its desire to create an inclusive environment for its users.

Coinsbit support

Coinsbit Support Channels

  • Facebook
  • Twitter
  • Instagram
  • Live Chat
  • Help Center Articles
  • Support Ticket

How to Sign Up on Coinsbit

  1. Create Account - Visit the Coinsbit website and fill out the create account form. You'll need to include a valid email, set your password and type in other details like your phone number and name.
  2. Verify Account - Confirm your email, you should get an email asking you to verify your account creation.
  3. Transferring Funds - Once your account has been verified, you'll be able to deposit using the deposit methods listed below.
  4. Start Trading Crypto - That's it! You should now have everything in place to start trading.

Deposit Methods

  • Bank Transfer
  • Debit Card
  • Credit Card
  • Cryptocurrency
  • Paypal
  • Apple Pay
  • Google Pay

Coinsbit Alternatives

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3.23
Crypto Head Rating
Our review is based on the spot trading platform. Please check our methodology on how we rate exchanges for further information.

Total Supported Cryptocurrencies
394+

Trading Fees
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Fiat Currencies Supported
USD, GBP, CAD, EUR, NZD + 75 others

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Crypto Head Rating
Our review is based on the spot trading platform. Please check our methodology on how we rate exchanges for further information.

Total Supported Cryptocurrencies
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Trading Fees
0.08% - 0.40%

Fiat Currencies Supported
USD, AUD, GBP, CAD, EUR + 1 other

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Crypto Head Rating
Our review is based on the spot trading platform. Please check our methodology on how we rate exchanges for further information.

Total Supported Cryptocurrencies
365+

Trading Fees
0.08% - 0.10%

Fiat Currencies Supported
USD, AUD, GBP, CAD, EUR, NZD + 85 others

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Final Thoughts

After extensive analysis, Coinsbit stands out as a reliable platform for cryptocurrency enthusiasts and traders. Its comprehensive range of features and services addresses both novices and veterans in the crypto space equally – providing depth without accessibility constraints.

Coinsbit is at the forefront of shaping crypto exchanges’ future alongside digital finance itself, and as digital finance breaks new ground these platforms play a crucial role in providing traders with safe, accessible trading services.

Increasing adoption of blockchain investment options and products such as crypto-fiat pairs is providing exchanges with ample opportunity for innovation, and their capacity to adjust to market demands while remaining secure and reliable could determine their market share and reputation among crypto traders.

Coinsbit FAQs

To withdraw money from Coinsbit, you need to log in to your Coinsbit account and navigate to the ‘Wallet’ section. From there, select the currency you wish to withdraw and click on the ‘Withdraw’ option.

Enter the withdrawal address, the amount you wish to withdraw, and any other required information, then confirm the withdrawal. It’s important to double-check the withdrawal address to prevent any errors.

Make sure to also comply with any security measures, such as 2-factor authentication, to confirm the transaction.

The withdrawal time from Coinsbit can vary depending on the cryptocurrency and the current state of the network. Typically, a withdrawal can take anywhere from a few minutes to several hours.

In some cases, such as times of high network congestion or additional security checks, it might take longer.

Coinsbit charges withdrawal fees that vary depending on the cryptocurrency being withdrawn. These fees are usually in line with network transaction fees and may change due to network congestion or other factors.

It’s recommended to check the latest fee schedule on the Coinsbit website or within your account’s withdrawal page for the most up-to-date information.

The Coinsbit exchange is based in Europe.

The identity of the CEO of Coinsbit might not be publicly disclosed or may change over time. It’s advisable to check the latest information on the official Coinsbit website or through credible news sources.

Coinsbit is a cryptocurrency exchange that enables users to trade various digital assets. The platform provides features such as a user-friendly interface, security measures, and a variety of trading pairs.

The rank of Coinsbit exchange in terms of trading volume or user base can fluctuate over time. Rankings can be found on various financial and cryptocurrency analysis websites that track and compare the performance of different exchanges.

Coinsbit is based in Europe. The exchange operates in compliance with European financial regulations, catering to a global user base with its cryptocurrency trading services.

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Methodology

At Crypto Head we use a rigorous research and rating process to assess each platform. Our star rating system is out of 5 stars and is designed to condense a large amount of information into an easy-to-understand format. You can read our full methodology and rating system for more details.

About The Authors

James Headshot
Written by

Crypto Technical Writer

James Page, previously the lead writer at Crypto Head and a registered psychologist, brings a unique perspective to the world of blockchain and cryptocurrency.

His extensive experience in the industry and ability to present complex concepts in an understandable manner make his articles a valuable resource for readers seeking to navigate the ever-evolving crypto landscape.

Check James out on:
Adam Headshot
Edited by

Co-Founder / Managing Editor

Adam Morris, the co-founder of Crypto Head and a respected crypto expert, offers insightful commentary and analysis on cryptocurrency, NFTs, and the evolving digital landscape.

His extensive experience and features in top-tier publications like Forbes and CNN underscore his deep understanding of the crypto world and its future potential.

Check Adam out on: