About Coinsbit Exchange. - page 3. | Bitcointalksearch.org

OmegaStarScream

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Activity: 3500

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Quote from: nutildah on November 25, 2019, 01:14:31 PM

They may or may not be more successful by that point. The real question is how are they dumb enough to keep paying you for you spamming services? Keeping you employed suggests they don't really care about the health or integrity of their business at all.

Arguing with him is a waste of time. I suggest adding these users to your ignore list (NurArtur790 is included): https://bitcointalksearch.org/topic/m.53113827

NurArtur790

newbie

Activity: 72

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Quote from: nutildah on November 25, 2019, 01:14:31 PM

They may or may not be more successful by that point. The real question is how are they dumb enough to keep paying you for you spamming services? Keeping you employed suggests they don't really care about the health or integrity of their business at all.

You don’t want to register on the Coinsbit exchange and independently check how perfectly everything works there? I think you will be surprised.

nutildah

legendary

Activity: 3010

Merit: 8114

Quote from: NurArtur790 on November 25, 2019, 12:21:47 PM

Time will judge who is right and who is to blame. It will take half a year or a year - Coinsbit will become even more popular and in demand among users.
I wonder what then haters will write?

They may or may not be more successful by that point. The real question is how are they dumb enough to keep paying you for you spamming services? Keeping you employed suggests they don't really care about the health or integrity of their business at all.

NurArtur790

newbie

Activity: 72

Merit: 0

Time will judge who is right and who is to blame. It will take half a year or a year - Coinsbit will become even more popular and in demand among users.
I wonder what then haters will write?

NurArtur790

newbie

Activity: 72

Merit: 0

Quote from: keyscore44 on November 25, 2019, 07:59:19 AM

Are these legal actions published somewhere? I mean, can we read somewhere about the case? If so, it would be good if you provided some links.

I support. I would like to see official documents on applying to the court. Better yet, see a court ruling on this. Then look how competitors and their mercenaries will grimace. I am sure that in addition to blah blah blah this gang has no specific complaints about the Coinsbit exchange!

keyscore44

legendary

Activity: 2002

Merit: 1016

Quote from: ?? on ??

Unfortunately its all part of the game, shilling on a treath in order to show/pretend it was done by mistake to justify their comment upon any accusations towards this exchange.

Obviously where this exchange is mentioned, same specific defenders are active in any treath in regards to this exchange.

We have started legal action against this exchange for multiple reasons.

Igo Tech.

Are these legal actions published somewhere? I mean, can we read somewhere about the case? If so, it would be good if you provided some links.

SlobodianiukDim446

jr. member

Activity: 168

Merit: 1

Quote from: keyscore44 on November 23, 2019, 07:09:40 PM

What Coinsbit airdrop / ref campaign are you talking about? I have not seen any threads on this topic on Bitcointalk. Can you provide any link, please?

Obviously, he means the reward for registering on the exchange for new users. Until December 20, if you sign up on Coinsbit exchange, you will receive 2000 coins and another 1000 will be received for each person who signs up using your referral link.

keyscore44

legendary

Activity: 2002

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Quote from: nelson4lov on November 23, 2019, 10:44:36 AM

I will apply caution when dealing with exchanges like Coinsbit and I recommend that members of the community do so too. Coinsbit airdrop/ref campaign is spreading like wild fire. Don't get caught up in the moment. I'll keep an eye on it for now. Let's see how they'll fare in the next couple of months and if their volume isn't fake.

I guarantee you that their volume is not completely real. I even suspect that most of their volume is fake.

What Coinsbit airdrop / ref campaign are you talking about? I have not seen any threads on this topic on Bitcointalk. Can you provide any link, please?

nelson4lov

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I will apply caution when dealing with exchanges like Coinsbit and I recommend that members of the community do so too. Coinsbit airdrop/ref campaign is spreading like wild fire. Don't get caught up in the moment. I'll keep an eye on it for now. Let's see how they'll fare in the next couple of months and if their volume isn't fake.

keyscore44

legendary

Activity: 2002

Merit: 1016

Quote from: ?? on ??

Quote from: adidasler444 on November 22, 2019, 05:48:16 AM

Of course, large exchanges have more liquidity and seem more secure. But it is not always the case. We know that volumes of trades are bloated on almost all exchanges. This is often done not by exchanges themselves, but by projects using trading bots.
Plus, such exchanges as Cloinsbit that they feature many young crypto projects that do not have the opportunity to get on top exchanges like Binance and Huobi.

Many traders use trading bots ... many teams of various projects use their own trading bots ... why are all statements about bloated volumes directed only to exchanges? exchanges may have nothing to do with this.

There is a little difference between trading bot and exchange bot. I myself led to the fact that I set a buy and sell offer between which there was not even 1 satoshi difference. For example:
Sell: 0.00003001
Buy: 0.00003000

At this point, the trading bot stops. The smart exchange bot should also stop. This exchange bot did buy and sell transactions at the prices I set and there were no other offers because there were only these two mine. Of course, nothing was bought or sold, but transactions have appeared in history, so it could not be a bot from the outside.

adidasler444

jr. member

Activity: 140

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Quote from: keyscore44 on November 20, 2019, 05:28:20 AM

Of course you shouldn't keep funds on any online wallet. However, when it comes to one transaction, exchanges are necessary because not everyone has the option of F2F transactions. Of course, then it is better to choose the larger and more well-known exchange, but it is also often the case that the less-known coins are listed only on little exchanges. Unfortunately, then we have to take this risk. The risk is on every exchange, but certainly on bigger exchange is smaller. In this case it looks like someone is forced to use Coinsbit and just want to know opinion of other users.

Of course, large exchanges have more liquidity and seem more secure. But it is not always the case. We know that volumes of trades are bloated on almost all exchanges. This is often done not by exchanges themselves, but by projects using trading bots.
Plus, such exchanges as Cloinsbit that they feature many young crypto projects that do not have the opportunity to get on top exchanges like Binance and Huobi.

keyscore44

legendary

Activity: 2002

Merit: 1016

Quote from: 81AleksandrKra on November 15, 2019, 06:11:41 AM

Quote from: its-a-me-mario on November 14, 2019, 04:09:30 PM

Mt Gox was run by a guy who had no history of running any sort of exchange or fintech company. Binance's CZ was former CTO of OKCoin, there is absolutely no comparison here.

You're right. But I just wanted to say that there are chances to lose money both when using small exchanges and when using large and popular exchanges. History knows enough of these examples.

Of course you shouldn't keep funds on any online wallet. However, when it comes to one transaction, exchanges are necessary because not everyone has the option of F2F transactions. Of course, then it is better to choose the larger and more well-known exchange, but it is also often the case that the less-known coins are listed only on little exchanges. Unfortunately, then we have to take this risk. The risk is on every exchange, but certainly on bigger exchange is smaller. In this case it looks like someone is forced to use Coinsbit and just want to know opinion of other users.

Zahmere

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Activity: 182

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Quote from: Nannden on November 17, 2019, 09:01:03 AM

Binance and Bittrex also once were young and unknown exchanges. And surely they were also written about them, why is Binance needed if there is a Mt.Gox )))

Of course, comparing Coinsbit and Binance is not entirely correct. These exchanges are in different weight categories (if we speak the language of boxing). But I agree that the Coinsbit prospects are very good!

Nannden

newbie

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Quote from: Casdinyard on November 15, 2019, 06:05:38 AM

OP is more likely doing a survey for coinsbit and just taking to look the chances if there's still some use coinsbit.
Anyway, not familiar with coinsbit and don't have any plans to use it even it's on the top 50 on CMC and besides CMC had losing their credibility. I'm better sticking on binance and bittrex than taking my dose of pills.

Binance and Bittrex also once were young and unknown exchanges. And surely they were also written about them, why is Binance needed if there is a Mt.Gox )))

81AleksandrKra

newbie

Activity: 65

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Quote from: its-a-me-mario on November 14, 2019, 04:09:30 PM

Mt Gox was run by a guy who had no history of running any sort of exchange or fintech company. Binance's CZ was former CTO of OKCoin, there is absolutely no comparison here.

You're right. But I just wanted to say that there are chances to lose money both when using small exchanges and when using large and popular exchanges. History knows enough of these examples.

Casdinyard

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Activity: 2156

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Quote from: ololajulo on November 14, 2019, 04:22:29 PM

why will anyone choose to find out about an exchange with no proved credibility? Are they offering any cheap coin? except they listed a coin you are interested in or invested, if not choose the accredited exchange to avoid worry.

OP is more likely doing a survey for coinsbit and just taking to look the chances if there's still some use coinsbit.
Anyway, not familiar with coinsbit and don't have any plans to use it even it's on the top 50 on CMC and besides CMC had losing their credibility. I'm better sticking on binance and bittrex than taking my dose of pills.

ololajulo

sr. member

Activity: 2240

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SOL.BIOKRIPT.COM

why will anyone choose to find out about an exchange with no proved credibility? Are they offering any cheap coin? except they listed a coin you are interested in or invested, if not choose the accredited exchange to avoid worry.

its-a-me-mario

jr. member

Activity: 88

Merit: 9

Quote from: 81AleksandrKra on November 14, 2019, 03:51:58 PM

Quote from: its-a-me-mario on November 07, 2019, 07:19:57 PM

Alright moving past the fact that this post is an obvious not-so-subtle advertisement for Coinsbit...

Everyone makes the mistake of using a smaller exchange, and everyone eventually gets burned. Hacks, exit scams, liquidity problems, you name it. Don't trust your money with small unknown exchanges.

Personally, I stick to exchanges that:

are based in the US
are registered with FinCEN as an MSB
don't report fake volume
have a long-running history of being reputable (or at least have never gone down or experienced a noteworthy security issue)

Being registered as an MSB is huge. It not only shows they're serious about being compliant w/regulatory concerns, but MSBs are required to do a lot of practices that help protect consumers and prevent money laundering and other nonsense.

We've all seen the Bitwise report on fake volume by now. Don't trust your money with an exchange that is gaming its own order books, you're the pawn who loses in this game. You can see the list of exchanges that don't game their order books here https://www.bitcointradevolume.com/.

So really if you're in the US your only reliable options (IMO) are:

Coinbase
Coinbase Pro
Gemini
Kraken
Bittrex
ItBit
Bitflyer
Binance US

On the one hand, you speak correctly. Using small exchanges is fraught with risks. But on the other hand, we remember stories about such exchanges as MtGox, BTC-e ... Therefore, there is no reason to believe Binance and not to believe Coinsbit.

Mt Gox was run by a guy who had no history of running any sort of exchange or fintech company. Binance's CZ was former CTO of OKCoin, there is absolutely no comparison here.

81AleksandrKra

newbie

Activity: 65

Merit: 0

Quote from: its-a-me-mario on November 07, 2019, 07:19:57 PM

Alright moving past the fact that this post is an obvious not-so-subtle advertisement for Coinsbit...

Everyone makes the mistake of using a smaller exchange, and everyone eventually gets burned. Hacks, exit scams, liquidity problems, you name it. Don't trust your money with small unknown exchanges.

Personally, I stick to exchanges that:

are based in the US
are registered with FinCEN as an MSB
don't report fake volume
have a long-running history of being reputable (or at least have never gone down or experienced a noteworthy security issue)

Being registered as an MSB is huge. It not only shows they're serious about being compliant w/regulatory concerns, but MSBs are required to do a lot of practices that help protect consumers and prevent money laundering and other nonsense.

We've all seen the Bitwise report on fake volume by now. Don't trust your money with an exchange that is gaming its own order books, you're the pawn who loses in this game. You can see the list of exchanges that don't game their order books here https://www.bitcointradevolume.com/.

So really if you're in the US your only reliable options (IMO) are:

Coinbase
Coinbase Pro
Gemini
Kraken
Bittrex
ItBit
Bitflyer
Binance US

On the one hand, you speak correctly. Using small exchanges is fraught with risks. But on the other hand, we remember stories about such exchanges as MtGox, BTC-e ... Therefore, there is no reason to believe Binance and not to believe Coinsbit.

its-a-me-mario

jr. member

Activity: 88

Merit: 9

Alright moving past the fact that this post is an obvious not-so-subtle advertisement for Coinsbit...

Everyone makes the mistake of using a smaller exchange, and everyone eventually gets burned. Hacks, exit scams, liquidity problems, you name it. Don't trust your money with small unknown exchanges.

Personally, I stick to exchanges that:

are based in the US
are registered with FinCEN as an MSB
don't report fake volume
have a long-running history of being reputable (or at least have never gone down or experienced a noteworthy security issue)

Being registered as an MSB is huge. It not only shows they're serious about being compliant w/regulatory concerns, but MSBs are required to do a lot of practices that help protect consumers and prevent money laundering and other nonsense.

We've all seen the Bitwise report on fake volume by now. Don't trust your money with an exchange that is gaming its own order books, you're the pawn who loses in this game. You can see the list of exchanges that don't game their order books here https://www.bitcointradevolume.com/.

So really if you're in the US your only reliable options (IMO) are:

Coinbase
Coinbase Pro
Gemini
Kraken
Bittrex
ItBit
Bitflyer
Binance US

Topic: About Coinsbit Exchange. - page 3. (Read 1583 times)