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!
Topic: An <COINSBIT.IO> Innovative Trading Cryptosystem - page 127. (Read 21373 times)
My only experience with them, these yesterday when I asked their site by chat, why we can not deposit dogecoin on the platform (the price exploded yesterday with them lol) their response my astonished (we do not exchange from dogecoin: /), I'still waiting for an answer from them to my answer which was pretty stupid "so why there is a volume of exchange at 800btc, but you do not trade dogecoin: /"
In short, I understood and I put on platform lousy...
ps / the price of the dogecoin was x2 the price
it pump hard at home
In short, I understood and I put on platform lousy...
ps / the price of the dogecoin was x2 the price
it pump hard at home
OK, my two cents about this exchange and my experience with it.
Although I don't post here frequently, I'm a seasoned trader and crypto user. I have been using crypto and exchanges since 2013.
This is the first time I'm unable to withdraw from my own account. Coinsbit allegedly is being forced to deny all withdrawals from people who aren't verified by their KYC, but at the same time they allow those users to deposit. I've made a deposit of a small amount of ETH just to prove my point. Now I cannot withdraw my money, even when I submitted all the docs for the KYC a month ago.
You know, when you submit something so delicate as private documentation for a KYC and an entire month passes without any notice, you start to fear if your personal information was stolen or used for shady purposes. This is my first red flag.
Another red flag: Telegram group, and the way critical messages are selectively erased, even when some spam doesn't even get deleted or blocked at all. I've made some comments about discrimination against Iranian citizens (as they are forced to submit much more documentation than others), and all my comments were erased immediately. Then someone posted some spam, and it stayed there.
Just another red flag: high fees. My God those are high! 0.01 ETH, 0.0012 BTC.
And the last red flag: everything seems rushed, like they launched the exchange without making any thoroughly debugging. I had an order stuck for an entire week, then, yesterday, I opened the exchange and my new order was cancelled by them, then hours ago there was a ghost order for thousands of CNB. It all screams rushed, if not market manipulation.
My strong advice is to avoid the exchange until they solve the KYC bottleneck.
Although I don't post here frequently, I'm a seasoned trader and crypto user. I have been using crypto and exchanges since 2013.
This is the first time I'm unable to withdraw from my own account. Coinsbit allegedly is being forced to deny all withdrawals from people who aren't verified by their KYC, but at the same time they allow those users to deposit. I've made a deposit of a small amount of ETH just to prove my point. Now I cannot withdraw my money, even when I submitted all the docs for the KYC a month ago.
You know, when you submit something so delicate as private documentation for a KYC and an entire month passes without any notice, you start to fear if your personal information was stolen or used for shady purposes. This is my first red flag.
Another red flag: Telegram group, and the way critical messages are selectively erased, even when some spam doesn't even get deleted or blocked at all. I've made some comments about discrimination against Iranian citizens (as they are forced to submit much more documentation than others), and all my comments were erased immediately. Then someone posted some spam, and it stayed there.
Just another red flag: high fees. My God those are high! 0.01 ETH, 0.0012 BTC.
And the last red flag: everything seems rushed, like they launched the exchange without making any thoroughly debugging. I had an order stuck for an entire week, then, yesterday, I opened the exchange and my new order was cancelled by them, then hours ago there was a ghost order for thousands of CNB. It all screams rushed, if not market manipulation.
My strong advice is to avoid the exchange until they solve the KYC bottleneck.
Why does everyone think negatively about coinsbit? I think some cases need to be explored further so that they care about users. I also heard that they are still locking FCQ tokens, and like manipulating the market. Coinsbit team, please answer a few questions users here?
Nobody can withdrawal, when someone say this in their telegram group, this people get banned. they are shady...this exchange site worth zero price as scam exchange site,
Why does everyone think negatively about coinsbit? I think some cases need to be explored further so that they care about users. I also heard that they are still locking FCQ tokens, and like manipulating the market. Coinsbit team, please answer a few questions users here?
Nobody can withdrawal, when someone say this in their telegram group, this people get banned. they are shady... 
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.
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...
Withdrawal pending for long long time, just said that in their telegram group and they banned me.
Shady exchange, I deposited to buy CNB but I cant withdraw. I sent the KYC 2 weeks ago, still nothing.
My KYC is stuck same as yours for 3 weeks now i can`t do anything on my account good thing i did not deposit anything to buy CNB token else i will be in the same spot as you, on there telegram a lot are complaining about withdrawal and KYC. 
Shady exchange, I deposited to buy CNB but I cant withdraw. I sent the KYC 2 weeks ago, still nothing.
I think you should contact the admin again to resolve your problem because I see that the OP has been inactive since mid-December. And like this case doesn't only happen to you because I've seen the same problem as you on social media. Shady exchange, I deposited to buy CNB but I cant withdraw. I sent the KYC 2 weeks ago, still nothing.
How much funds did you deposit? Have you contacted support? has there been a reply? if there is still no certainty, it means that this exchange does not have clear credibility, if in my experience, if there is a new exchange, I always try it with small funds to avoid this kind of obscurity.
Shady exchange, I deposited to buy CNB but I cant withdraw. I sent the KYC 2 weeks ago, still nothing.
My Acount : [email protected]
Plise Unblock my acount i don't play cheat you can check my history Acount I deposit to buy CNB i like CnB why block my acount plise Unblock ,HELP me😥😥
my chronology depo 0.1 BTC to my account with the intention to buy CNB because I am very sure this coin will be expensive after I get CNB some time I sell it 50% when the price goes up and when I sell it suddenly the account cannot be accessed immediately Please help I am facing this problem. I hope Team Coinbit is more professional with this. Thank you
do not waste your time to make a report in this thread because it seems coinsbit team will not respond to this and you better ask directly by sending an email to support coinsbit and I hope the rest of your bitcoin can be saved hopefully. Plise Unblock my acount i don't play cheat you can check my history Acount I deposit to buy CNB i like CnB why block my acount plise Unblock ,HELP me😥😥
my chronology depo 0.1 BTC to my account with the intention to buy CNB because I am very sure this coin will be expensive after I get CNB some time I sell it 50% when the price goes up and when I sell it suddenly the account cannot be accessed immediately Please help I am facing this problem. I hope Team Coinbit is more professional with this. Thank you
My Acount : [email protected]
Plise Unblock my acount i don't play cheat you can check my history Acount I deposit to buy CNB i like CnB why block my acount plise Unblock ,HELP me😥😥
my chronology depo 0.1 BTC to my account with the intention to buy CNB because I am very sure this coin will be expensive after I get CNB some time I sell it 50% when the price goes up and when I sell it suddenly the account cannot be accessed immediately Please help I am facing this problem. I hope Team Coinbit is more professional with this. Thank you
Plise Unblock my acount i don't play cheat you can check my history Acount I deposit to buy CNB i like CnB why block my acount plise Unblock ,HELP me😥😥
my chronology depo 0.1 BTC to my account with the intention to buy CNB because I am very sure this coin will be expensive after I get CNB some time I sell it 50% when the price goes up and when I sell it suddenly the account cannot be accessed immediately Please help I am facing this problem. I hope Team Coinbit is more professional with this. Thank you
I had 5000 CNB on my balance, in the official telegram channel I asked if I need to go through verification so that I can use these coins later, to which the admin answered that I do not need to go through verification, I can use the coins on January 1, 2020. January 1, 2020 I went to the stock exchange, and on the balance sheet 0 KNB. My posts in the telegram channel are deleted, I try to contact technical support until it comes out. This is like cheating. SCAM.
Hahaha, what a thread!
What is this, the Coinsbit canteen, everyone posting on it seems to work for them?
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.
Hahaha, what a thread!
What is this, the Coinsbit canteen, everyone posting on it seems to work for them?
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?
Coinsbit project News:
🌟 Be ready to meet TAGZ5 🌟
❇️ TAGZ5 is a cryptocurrency token issued on the Ethereum platform.
💥The native token of the TAGZ Exchange backed by the top 5 Altcoins!
🚀 We are glad to announce that TAGZ5 is on Coinsbit!
I know this TAGZ5 project. This is a very interesting and promising project. As far as I know TAGZ5 is a promising innovative crypto exchange!🌟 Be ready to meet TAGZ5 🌟
❇️ TAGZ5 is a cryptocurrency token issued on the Ethereum platform.
💥The native token of the TAGZ Exchange backed by the top 5 Altcoins!
🚀 We are glad to announce that TAGZ5 is on Coinsbit!
https://coinmarketcap.com/currencies/tagz5
Cool that such promising coins appear on the Coinsbit exchange!
Coinsbit project News:
🌟 Be ready to meet TAGZ5 🌟
❇️ TAGZ5 is a cryptocurrency token issued on the Ethereum platform.
💥The native token of the TAGZ Exchange backed by the top 5 Altcoins!
🚀 We are glad to announce that TAGZ5 is on Coinsbit!
Information taken in the official twitter account: https://twitter.com/c0insbit
🌟 Be ready to meet TAGZ5 🌟
❇️ TAGZ5 is a cryptocurrency token issued on the Ethereum platform.
💥The native token of the TAGZ Exchange backed by the top 5 Altcoins!
🚀 We are glad to announce that TAGZ5 is on Coinsbit!
Information taken in the official twitter account: https://twitter.com/c0insbit
🔴 ITN COIN LISTING🔴
🔷Terra Node Coin will be released to reduce commissions during the auction, as well as to withdraw your funds reliably.
🎯The main feature of the Terra Node Coin is that it is being developed on the PoS technology
‼️Come and trade on Coinsbit
#ITN #Coinsbit
🔷Terra Node Coin will be released to reduce commissions during the auction, as well as to withdraw your funds reliably.
🎯The main feature of the Terra Node Coin is that it is being developed on the PoS technology
‼️Come and trade on Coinsbit
#ITN #Coinsbit
🌟Meet LTB on Coinsbit🌟
❇️Litbinex Coin (LTB) is a cryptocurrency token issued on the Ethereum platform.
💥The native security token of the Littradex Exchange.
📊 Come and trade LTB on Coinsbit.
#Coinsbit #Listing #LTB
❇️Litbinex Coin (LTB) is a cryptocurrency token issued on the Ethereum platform.
💥The native security token of the Littradex Exchange.
📊 Come and trade LTB on Coinsbit.
#Coinsbit #Listing #LTB
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