About Coinsbit Exchange. - page 5. | Bitcointalksearch.org

princerepon

full member

Activity: 994

Merit: 101

Quote from: kolonel_x on October 27, 2019, 08:36:25 AM

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Do you really thing that problem with deposits and withdraws are reliable point to define an exchange..? I mean couple of years ago many people thought HitBTC was a scam exchange because of their deposit and withdraws problem (include me). But now see they still run their exchange perfectly.

Quote from: Ucy on October 27, 2019, 09:42:49 AM

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Thank you for your information. I strongly appreciate it.

Quote from: The Cryptovator on October 27, 2019, 09:53:10 AM

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Yes, i think you are right. It's quite reasonable to avoid them.

Ferris419

hero member

Activity: 1008

Merit: 501

Coinsbit is like a brother exchange of P2PB2B. If you ever tried both exchanges, you already know that. Coinsbit and P2PB2B interface, exchange system, UI almost the same, just the color differences! So, P2PB2B is a famous shit exchange, now think about Coinsbit! Yes, it is shit exchange by full of fake volume. I had to try this shit exchange to sell BQTx bounty token! You have better options to trade, choose one from Binance, Coinbase Pro, Bitmex, Gateio and avoid all those shit exchanges!

Mahanton

hero member

Activity: 2730

Merit: 632

Quote from: zeze18 on October 27, 2019, 06:15:24 PM

Quote from: OmegaStarScream on October 27, 2019, 06:38:24 AM

Absolutely no reason to use their platform. There are safer alternatives such as Bittrex and Binance. You can take a look at JollyGood's threads[1][2] for more details.

[1] https://bitcointalksearch.org/topic/beware-of-super-scam-p2pb2b-claim-to-be-worlds-biggest-exchange-5192497
[2] https://bitcointalksearch.org/topic/mods-requesting-bans-for-coinsbit-sock-puppets-5190706

I just know those exchanges are scammers.
I've traded several times on coinsbit and works fine, i think i'll withdraw all my assets from there right now.
And also i've doing an airdrops with KYC there, i hope nothing bad will happen with my identity on the future.

Seriously passing up some Kyc for airdrops? How pathetic for someone who do comply for shit tokens been given.Above links given above by other members is already an enough
proof for us to know that this exchange shouldnt really be trusted.There were lots of exchangers in low rankings arent really that trust-able.So we should be careful on selecting which one.Just to think that we do have lots of top ranking exchangers then why people do still lost into the path on selecting these unpopular ones?

princerepon

full member

Activity: 994

Merit: 101

Quote from: MURONDI on October 27, 2019, 08:02:32 AM

Quote from: princerepon on October 27, 2019, 04:49:43 AM

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Coinsbit has a good review,
Coinsbit main features and services:
Coinsbit is a comprehensive trading exchange for both Fiat and digital currencies.
IEO Launchpad
API for convenient auto trading
InvestBox
P2P Loans
Referral Program.
you can try it...

Would you please tell me details why you showing your interest about this exchange..? I mean you you are talking about good review but i can see maximum people saying it's scam. And those features and services you are talking about that's not proof it's a trust able exchange.

In my opinion trust is most important thing now days in crypto world. So have you any source that people can change their mind about Coinsbit exchange..?

Beparanf

hero member

Activity: 2954

Merit: 796

As the exchange been not into good review and feedbacks, why use it if there are exchanges that are tested and been useful in their updates and system support. Binance, kucoin is a must use, if your coin will only be listed in that exchange then that's the only time to use it but for bulk trades then do not do so better use those exchanges that did not receive a lot of negative feedback.

Yaunfitda

hero member

Activity: 2870

Merit: 594

I don't know what's really going on with the community. First, it was Vindax then something about p2pb2b exchange? I really haven't heard of any of those exchanges, that's why I'm surprised as to why suddenly members here starting to ask or shilling for the said exchanges.

We all know that the first rule of the day and not to trust new exchanges unless they established their reputations. So I must say that it's better to stick to known trading platform, just saying.

ableh

sr. member

Activity: 498

Merit: 251

CryptoTalk.Org - Get Paid for every Post!

Quote from: Palider on October 27, 2019, 05:36:35 PM

Coinsbit and P2PB2B are the same owners, and because they are the same owners, they are equally liable to create fake volumes for people to see their prices go up.
Here my IEO token is listed and its price is now at $ 0.2 one I'm sure if its listed here it will drop that price!

Yeaah... both are shit exchanges, even though the order book hasn't changed but the trade history keeps moving, how could this happen lol! What's worse, although there are already many traders who complain about "fake volume" but they still ignore it. So there is no reason to trade in these both exchanges

Google+

hero member

Activity: 2464

Merit: 550

Leading Crypto Sports Betting & Casino Platform

I think there are already victims of coinsbit exchange. You should be able to be careful when trading at the exchange, I suggest you do not use your trading capital too much in this exchange because it will make you lose if something bad happens. it can happen anytime without you knowing.

zeze18

sr. member

Activity: 938

Merit: 256

Quote from: OmegaStarScream on October 27, 2019, 06:38:24 AM

Absolutely no reason to use their platform. There are safer alternatives such as Bittrex and Binance. You can take a look at JollyGood's threads[1][2] for more details.

[1] https://bitcointalksearch.org/topic/beware-of-super-scam-p2pb2b-claim-to-be-worlds-biggest-exchange-5192497
[2] https://bitcointalksearch.org/topic/mods-requesting-bans-for-coinsbit-sock-puppets-5190706

I just know those exchanges are scammers.
I've traded several times on coinsbit and works fine, i think i'll withdraw all my assets from there right now.
And also i've doing an airdrops with KYC there, i hope nothing bad will happen with my identity on the future.

BitMaxz

legendary

Activity: 3374

Merit: 3095

Playbet.io - Crypto Casino and Sportsbook

Never heard this exchange before but recently I just found some token that I hold before like Gold is listed on their exchange it is another option for me to sell the token in the future.

The only weird thing that I heard from them that they are based in Ukraine but they're registered located in Arizona according to whois from here look the state is located to Arizona, US.

The domain is pretty new it was created last year and possibly the reason why the coinsbit is getting rank in coinmarketcap and coingecko it's because of fake volume. It is likely the same as yobit because they also offering an investbox they just giving you a different designed compared to yobit.

Overall for me, they still have many shady activities and we can't trust their exchange so better to trade on other exchanges than this just to be safe but if you are holding a token or coins only listed on this exchange better wait for new exchange that the token or your coins is listed.

bL4nkcode

copper member

Activity: 2142

Merit: 1305

Limited in number. Limitless in potential.

Quote from: princerepon on October 27, 2019, 04:49:43 AM

Well at this moment this exchange is staying at top 50 exchange in CMC

Apparently, anyone v with good programmatically control, those who can manipulate the number of fake volumes will be included in those ranking of CMC.
You can even see P2PB2B exchange included on top 5 lmao which is reported for wash trading and having too many scam accusations here. There are lots of alternatives, instead of using this one.

Palider

hero member

Activity: 1273

Merit: 507

Coinsbit and P2PB2B are the same owners, and because they are the same owners, they are equally liable to create fake volumes for people to see their prices go up.

Here my IEO token is listed and its price is now at $ 0.2 one I'm sure if its listed here it will drop that price!

princerepon

full member

Activity: 994

Merit: 101

Quote from: OmegaStarScream on October 27, 2019, 06:38:24 AM

Absolutely no reason to use their platform. There are safer alternatives such as Bittrex and Binance.

Hope you made a good sarcasm at this point.. Grin

Quote from: OmegaStarScream on October 27, 2019, 06:38:24 AM

[1] https://bitcointalksearch.org/topic/beware-of-super-scam-p2pb2b-claim-to-be-worlds-biggest-exchange-5192497
[2] https://bitcointalksearch.org/topic/mods-requesting-bans-for-coinsbit-sock-puppets-5190706

Thanks for sharing such a good info. I think @JollyGood have some good point. The way he presentation his point people will think twice before they start their trade with those exchange i think.

ChrisPop

legendary

Activity: 2310

Merit: 1035

Not your Keys, Not your Bitcoins

I'll tell you this, if you are the gambling type of trader this platform is for you as it has an invest box, their own token, IEOs and all kind of things. It's a rather new exchange so they don't have passed the test of time yet. Looks like they have good customer support, but they lack on the trading offerings. They have a 0.20% fee/trade which is too high to be competitive when you have only 0.10% with option to go down to 0.03% on Binance. And take into account that you need to verify(KYC) your account in order to withdraw.

So the main question is: why would you even try trading on this platform when you have much better options like Binance, Bittrex, GDAX?

ReiMomo

sr. member

Activity: 2366

Merit: 305

Duelbits - $100k Bonus/week

Stay away on that exchange site or find the reputable one. You can choose Binance as the number choice of all traders because they had experienced a good service on this exchange. You might check also on Trustpilot review all are have negative feedback regarding that exchange. https://www.trustpilot.com/users/5d9c214b90954823db3950ba. No doubt you will be the next victim if you insist to use this.

iamaruf

sr. member

Activity: 1064

Merit: 265

Vave.com - Crypto Casino

Its depends on you because we don't know which token you want to trade.just giving you my experience,then decide is it good or not.
1. I didn’t find any issue when i used it.
2. I don’t know the exact news but i saw an article that 95℅ of there assets in cold storage.
3. BTC withdrawal fee is very high. 0.0012‌~11$
4. My experience is average.
5. Its depends on you mate.But i prefer to use binance because binance is old exchanger and fees lower than coinsbit.

ecnalubma

sr. member

Activity: 1540

Merit: 420

www.Artemis.co

Quote from: OmegaStarScream on October 27, 2019, 06:38:24 AM

Absolutely no reason to use their platform. There are safer alternatives such as Bittrex and Binance. You can take a look at JollyGood's threads[1][2] for more details.

[1] https://bitcointalksearch.org/topic/beware-of-super-scam-p2pb2b-claim-to-be-worlds-biggest-exchange-5192497
[2] https://bitcointalksearch.org/topic/mods-requesting-bans-for-coinsbit-sock-puppets-5190706

Honestly haven’t used Coinsbit exchange, but once I found out issues like this I will be hesitant to use their platform anymore.

I think OP is just conducting a survey, if how many people are satisfied with the platform services.

gaston castano

sr. member

Activity: 1526

Merit: 251

I do not trust that platform. after reading the JollyGood thread.
many points support the truth of the thread. and the platform launched CNB airdrop with an estimated $ 500 / account. it's very tempting, and I am one of the participants for the airdrop. don't believe in exchanging there but for free airdrop 50/50 trust Grin

milewilda

legendary

Activity: 3094

Merit: 1127

Quote from: OmegaStarScream on October 27, 2019, 06:38:24 AM

Absolutely no reason to use their platform. There are safer alternatives such as Bittrex and Binance. You can take a look at JollyGood's threads[1][2] for more details.

[1] https://bitcointalksearch.org/topic/beware-of-super-scam-p2pb2b-claim-to-be-worlds-biggest-exchange-5192497
[2] https://bitcointalksearch.org/topic/mods-requesting-bans-for-coinsbit-sock-puppets-5190706

I find p2pb2b to be shady and i didnt expect that they are correlated with Coinsbit in that case then i wont consider for this exchange to be a good choice.

I dont have any experience on using up this platform even to those below top 10 exchangers on CMC i dont consider on using them up.

The Cryptovator

legendary

Activity: 2394

Merit: 2223

Signature space for rent

I had heard about coinsbit from scam accusation board as already mentioned by @OmegaStarScream. Main thing they broke forum rules by bumping thread and they used paid bumping service. In a result moderators deleted their main thread and they turn into another thread. But fortunately they never stop using bumping service. However, I had not used them and there is no enough reason go trade with them. But this is quite reasonable to avoid them instead. Better to find some well reputed exchange and go to there for trading.

Topic: About Coinsbit Exchange. - page 5. (Read 1614 times)