Author

Topic: An <COINSBIT.IO> Innovative Trading Cryptosystem - page 126. (Read 21339 times)

legendary
Activity: 3010
Merit: 8114
I sent some coins to the exchange’s wallet. And after many days i still don’t have this coins on my wallet. I wrote to support but they just talked to wait and we are start looking for errors. Don’t use this exchange.

I think they re-hired this idiotic thread bumping service to cover up comments like yours. Obviously this exchange is highly fraudulent. Everybody is warned to steer clear of it.
jr. member
Activity: 434
Merit: 2
Coinsbit.io
Overview of news from the Coinsbit project.
News about listings of new coins and other news about trading on the Coinsbit exchange:

Dear users, we're happy to announce the new Invest Box for BBK token. It has been launched on Coinsbit!

InvestBox's conditions
Daily profit:+4%
Min Investment:1000BBK
Max Investment:100000000BBK
Just hold your BBK Tokens

Don't miss the great opportunity from BlockBack!

legendary
Activity: 1932
Merit: 1737
"Common rogue from Russia with a bare ass."
Overview of news from the Coinsbit project.
News about listings of new coins and other news about trading on the Coinsbit exchange:

We are glad to present you a new asset on Coinsbit - ALLBIH
ALLBIH Cash aims to create a community of innovative projects whose services can be paid for with ALLBI Cash!
Total Supply: 369,000,000 ALLBIH
Pairs:
ALLBIH/BTC
ALLBIH/ETH
ALLBIH/USD


Just another useless shitcoin on a shit exchange.


DAOBet is a B2B platform based on a decentralised blockchain protocol for casinos, game providers and affiliates.

Gambling is a very promising area. It seems to me that it is worth taking a closer look at this DAOBet asset on the Coinsbit exchange!
So far, this BET coin has a very small trading volume. For a day, only about 0.1 BTC. I think this is a risky asset.

"Asset"?  Cheesy

jr. member
Activity: 434
Merit: 2
Coinsbit.io
Overview of news from the Coinsbit project.
News about listings of new coins and other news about trading on the Coinsbit exchange:

BET token is already launched on Coinsbit!
DAOBet is a B2B platform based on a decentralised blockchain protocol for casinos, game providers and affiliates.
Available Supply: 167 270 821 BET
Stay tuned for more updates and interesting information for you!

jr. member
Activity: 434
Merit: 2
Coinsbit.io
Overview of news from the Coinsbit project.
News about listings of new coins and other news about trading on the Coinsbit exchange:

We are glad to present you a new asset on Coinsbit - ALLBIH
ALLBIH Cash aims to create a community of innovative projects whose services can be paid for with ALLBI Cash!
Total Supply: 369,000,000 ALLBIH
Pairs:
ALLBIH/BTC
ALLBIH/ETH
ALLBIH/USD

newbie
Activity: 12
Merit: 2

I put 15 eth on my account, they blocked my account in support, they say expect your account has been checked by the security service for 5 days, be careful, I think this is a scam
newbie
Activity: 2
Merit: 0
I sent some coins to the exchange’s wallet. And after many days i still don’t have this coins on my wallet. I wrote to support but they just talked to wait and we are start looking for errors. Don’t use this exchange.
newbie
Activity: 9
Merit: 0
After reading so many comments related to the worse user experience, services and its reliability and people gave their opinion that its a scam exchange. But i use this exchange without any problem ETH deposits are done within 40 confirmation and withdraw takes time around 24 hours. I already received all my different coins withdraws successfully. I know this exchange through airdrop. Before getting my airdrop, I already did my KYC and on 1st Jan 2020 i withdraw my 7000 CNB into my ETH wallet. On 2018 this exchange was launch and i think to make the things run smoothly it takes time, hard work, patience and money. After getting my airdrop CNB i invest more ETH to buy CNB and get all my CNB tokens. This exchange is popular just because of people bad comments Grin But i think in future it will be the top exchange. Still this exchange is not fully functional just like binance and another top exchanges but it doesn't mean that coinsbit will not work on their updates. Crypto market is the world of scam and risk. If you survive you can achieve your dreams else rely on your own earnings. Apart from all bullshits their is only one magical word "When you take risk, you will earn reward".
I still have a hope on my investment and this coinsbit exchange. Note - Coinsbit telegram admins are so active they will delete the chat message which they feel not appropriate for people to see. Pratically, i did the experiment. They will only reply the technical problems related queries rest they will delete everything.   Grin
  
full member
Activity: 276
Merit: 100
Update.

They finally approved my KYC (I sent a photoshopped ID along with fake personal info).

I tried to withdraw my money today at 15:00 GMT -3. Guess what. It's still pending! It's 21:40 here where I live.

Avoid this god-awful exchange at all costs.
some people have their withdrawal pending for months
jr. member
Activity: 59
Merit: 5
Update.

They finally approved my KYC (I sent a photoshopped ID along with fake personal info).

I tried to withdraw my money today at 15:00 GMT -3. Guess what. It's still pending! It's 21:40 here where I live.

Avoid this god-awful exchange at all costs.
jr. member
Activity: 59
Merit: 5
guys about faking volume, this doing almost every exchange. I remember first weeks of Binance and their fake trades :-) Its marketing trick, but important trick. Without "volume" you cant get goo money for listings, users etc. So you must generate some volume, liquidity... if they will be successful, they don't need do this.

I put money into many ponzi sites which working more than 2 years and earn nice money + high quality traffic from revshares.

Yeah, I'll take your advice everyday.
newbie
Activity: 48
Merit: 0
guys about faking volume, this doing almost every exchange. I remember first weeks of Binance and their fake trades :-) Its marketing trick, but important trick. Without "volume" you cant get goo money for listings, users etc. So you must generate some volume, liquidity... if they will be successful, they don't need do this.

Also communication - you really think, that after airdrop you will get reply on e-mail? They must be getting thousands of emails every day, specially from guys from poor countries who want to sell their free coins for 5 USD and withdraw. Give them few weeks, 2, 3 months, then we can rate support.
jr. member
Activity: 59
Merit: 5
Quote
it turns out that my deposit never entered and landed in my wallet address on that exchange. and for now status  wallet shows off

I sent a small amount some days ago, just to test this scenario, but my deposit was processed. Yet still it doesn't help much because I still cannot withdraw even a satoshi.  Angry
jr. member
Activity: 194
Merit: 1
Why does everyone think negatively about coinsbit?

In addition to obviously faking their trading volume, they have a flood of complaints from users about being locked out of their accounts. Here is an example:

https://bitcointalksearch.org/topic/coinsbitio-has-blocked-my-account-5183338

They also have a shady "investbox" program that encourages users to buy & hold tokens for ICOs that either have very little information about them or else are outright scams. In addition, they continue to list a lot of fraudulent projects. KEP immediately comes to mind.

As far as the fake volume is concerned, just look at these rankings on CMC for 24-hour volume:

by reported volume: #6
by adjusted volume: #4
by liquidity: not in the top 50

What does this mean?

Quote
The Liquidity metric by CoinMarketCap is designed to eventually replace volume as the default metric when ranking market pairs and exchanges...

Liquidity refers to the ease of being able to trade in and out of an asset, or in this case cryptocurrencies.
The Liquidity metric by CoinMarketCap takes into account a wider range of key variables from the order book, such as the distance of the order from the mid-price, the size of the order and the relative liquidity of the asset in question...

The adaptive methodology will make the Liquidity metric very difficult to “game” as orders would need to be placed close to the mid-price, or risk being counter-productive to the Liquidity metric scoring.

Basically, Coinsbit is manipulating the shit out of their volume. If they are being dishonest about this, dishonest about why they are locking users out of their accounts, and listing tokens that are proven scams, it makes you wonder what else they are being dishonest about...
It is true. 3 days ago I made an erc20 deposit there, and I also did not understand that the token will be pumped at that time, and it turns out that my deposit never entered and landed in my wallet address on that exchange. and for now status  wallet shows off. like a normal transaction they move  token from my deposit addres into the address of their core wallet. this is a structured scam, and as always for support will never respond to complaints and deposit problems
jr. member
Activity: 59
Merit: 5
Yep. Reminds me of that blatant scam, “Westland Storage”. Lots of voluntary shills in the beginning, then paid shills, then obvious fake events, then the long predicted 404.
hero member
Activity: 1438
Merit: 574
Always ask questions. #StandWithHongKong

MY GOD, tmfp was right

That's a fairly common occurence, even tho I say so myself....   Wink

tmfp is always right. But, to be honest, it was mentioned by a few of us long term members too:

Congratulations on 112 pages of shills/bots bumping this scam exchange:



..&..


Hahaha, what a thread!  Cheesy
What is this, the Coinsbit canteen, everyone posting on it seems to work for them?  Cheesy Cheesy

Yeah TAGZ, the only exchange in the world that lies about its volume more than the Solodovnyk Shit...



If TAGZ, P2PB2B and Coinsbit's lies about volume were to be believed, then those three shit exchanges have a combined volume of SIX BILLION DOLLARS IN 24 HOURS!!!

Do you scammers have no idea how ridiculous this is?

Its one guy who runs like 50 different accounts. He just talks to himself all day long, every day. Business has been slow, but Coinsbutt is the one company stupid enough to have hired a negative trusted spam farm. He probably didn't tell them that he is no longer bumping the thread to the top of the ANN section with each post.

Scammers scamming scammers, I suppose.

I find it astounding that after over 100 pages of bots/shills on this thread & all the proof in the scam thread about this crew that people even contemplated using this scam exchange - please don't tell me that the new breed of crypto users are all dim/dumb/blind/illiterate - god help us all if it's so.....

The shills have gone silent - this means the scam is almost complete. Expect the worst (or the blatantly obvious to us few who tried to warn the noobs).
jr. member
Activity: 59
Merit: 5
Quote
Due to a huge load, you may have problems with the withdrawal operations. Your problems will be solved and the balances will be recovered. The addresses of your wallets have been updated. Use the new address. If you use the old address, you will not get your cash for the deposit.

 Undecided Undecided

Quote
Dear users, we would like to inform you that due to the technical maintenance, the trade core will be rebooted on 9.01 2:00 GMT, and in connection with this, some of your orders may disappear. Do not forget to place it again!
We apologize for any inconvenience.

 Shocked Shocked

Also, it's just me or Bithumb didn't listed CNB in its exchange? I just checked, and the token is nowhere to be seen.

This is the tweet announcing the listing. This is a copy I've saved in the Internet Archive.


Edit: it's listed on Bithumb, with a really low volume.

BKEX did listed the token, but only paired with Tether. Alterdice too. Oh, and in Hotbit. Volume is pretty low, isn't? Well, that tells you something: liquidity is almost non-existent, as nutildah pointed out recently.
sr. member
Activity: 1162
Merit: 252
Be carefull! Coinsbit -  scam exchange! I got my tokens via airdrop, but they were not available for trading. And now when tokens are trading on their exchange they are just gone from my account...

Coinsbit - scam!
Maybe you are one of those who are unlucky, some people get airdrops without them having to do kyc and this is indeed strange in my opinion and maybe you should forget about the rewards you get because it's also not comparable to what they offer.
legendary
Activity: 1932
Merit: 1737
"Common rogue from Russia with a bare ass."

MY GOD, tmfp was right

That's a fairly common occurence, even tho I say so myself....   Wink
jr. member
Activity: 59
Merit: 5
OK, now that I have some spare time I decided to flick through this thread and MY GOD, tmfp was right: there's a single dude with a lot of new accounts just talking to himself for pages and pages.

You can notice he's the same dude because his English isn't native, and he uses the same style over and over, even on different accounts. Also, all the posts are written by new accounts with low “karma”, all of them just praises Coinbit in this weird way, as if they were forced to talk like in a commercial, and there's no disruption in the “narrative” (as it normally occurs with authentic users in a thread). All I see is question-praising answer, question-praising answer, question, shill answer. If by any chance a legit user posts a criticism, or a bug, or a complain, it's quickly buried by a lot of shillpost.

I'll warn users again: DO NOT INVEST A DIME IN THIS EXCHANGE; YOU'LL LIKELY BE SCAMMED.
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