The digits are overwhelming and completely too good to be true. Though it's not impossible for a $200 per referral but for this kind of shitty exchange that even couldn't pay a professional web designer, it's totally BS.
Highly suggest better to stay away from amateur sites even the offer is lucrative as what you can imagine.
Topic: Coinsbit is Legit exchange? or SCAM? - page 3. (Read 1515 times)
Coinsbit is not a scam exchange but it is not a recommending exchange too. There are many good exchanges in the crypto industry to trade coins, coinsbit is not one of them. Their airdrop campaign looks suspicious too! Hundreds of dollars for verifying KYC? Seriously? Be aware of it mate.
As you said it looks like suspicious it is somehow like a scam. Being part of the crypto enthusiast, we notice some some suspicious exchange as well as it's been also a part of the coinmarket cap. Coin market cap informations is not guarantee a legit due for the system that can't be all monitor by the authorized personnel.
I guess you missed those times where they've been exposed to be faking out the volume of their chosen exchange. I don't know the drill on how they do that but they've known for that.
Apparently, they might have changed and they don't do it anymore, we don't know.
No, I don't miss the scenario and if I could remember correctly it happened in the year 2016. But, what I'm trying to point out now is that they are aware that the crypto community monitor such roles and they seem not to associate with any exchange site these days as fake listing is concern. However, if you the update volume on the capital market now is usually intact with the volume you'll see on each exchange site is you go through their official site.Apparently, they might have changed and they don't do it anymore, we don't know.
You're right that they probably have changed due to the monitoring of the community and they don't want to turn down their visitors. They've known for it once but I guess they've really changed for good.
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I don't have any experience using them but I'll remind you that coinmarketcap has been known for making their records modify and pumping the volumes of the exchange they want to even it's not real.
I don't know if the coinmarketcap are the one to be blblamedor exchange fake volume listing because the last time i checked the volume showed on each exchange site is what capital market bot updated but if we are talking about coins fake listing then there's a chance that capital market may be part of the volume modifying.Apparently, they might have changed and they don't do it anymore, we don't know.
Many negative feedback from users there , but i never heard the exchange is carry away their customers money.
But one thing that i know they held airdrops for 500$ worth value of their coin and ask the participant for doing KYC. But i think the real value will not reach 500$ instead of jusst under 50$, mark my words it will happen next year.
But one thing that i know they held airdrops for 500$ worth value of their coin and ask the participant for doing KYC. But i think the real value will not reach 500$ instead of jusst under 50$, mark my words it will happen next year.
Just cause you do not hear it does not mean it is not doing it. But you are right,,, presume innocent always until proven guilty.
On the other hand, when you have to give an exchange your money, you should at least go for someone who has a lot to lost by stealing. Binance for example makes so much money they would bend over a lot before they eventually gave up and could not pay people their funds. Coinsbit has to prove itself and gain the same reputation before you can consider them in the same way.
Agree, also for now they got bad reputation and that stop me to trade on them that's why I always prefer binance for safe keeping of my trading balance and I can assure that they are strong but in coinsbit maybe I will think about it since for now it's a big no and people shouldn't do any test trades using big amount since possibly they will get compromise in single instance.
Many negative feedback from users there , but i never heard the exchange is carry away their customers money.
But one thing that i know they held airdrops for 500$ worth value of their coin and ask the participant for doing KYC. But i think the real value will not reach 500$ instead of jusst under 50$, mark my words it will happen next year.
But one thing that i know they held airdrops for 500$ worth value of their coin and ask the participant for doing KYC. But i think the real value will not reach 500$ instead of jusst under 50$, mark my words it will happen next year.
Just cause you do not hear it does not mean it is not doing it. But you are right,,, presume innocent always until proven guilty.
On the other hand, when you have to give an exchange your money, you should at least go for someone who has a lot to lost by stealing. Binance for example makes so much money they would bend over a lot before they eventually gave up and could not pay people their funds. Coinsbit has to prove itself and gain the same reputation before you can consider them in the same way.
Agree, also for now they got bad reputation and that stop me to trade on them that's why I always prefer binance for safe keeping of my trading balance and I can assure that they are strong but in coinsbit maybe I will think about it since for now it's a big no and people shouldn't do any test trades using big amount since possibly they will get compromise in single instance.
Many negative feedback from users there , but i never heard the exchange is carry away their customers money.
But one thing that i know they held airdrops for 500$ worth value of their coin and ask the participant for doing KYC. But i think the real value will not reach 500$ instead of jusst under 50$, mark my words it will happen next year.
But one thing that i know they held airdrops for 500$ worth value of their coin and ask the participant for doing KYC. But i think the real value will not reach 500$ instead of jusst under 50$, mark my words it will happen next year.
You have not heard that the exchange is running away the customer's money because they almost have zero customer. That is the only reason for having a clean record. They can hardly receive a truthful review because there is almost no one who can give them that. That volume is clearly a manipulated or fake one. This exchange is populated by bots. Too high volume of an unheard exchange. Wash trading must be very rampant in this site.
They have over a million users and all exchanges are populated with bots. If there's an api, then there's going to be bots. I deposited a small amount of BTC, traded it for DOGE and was able to withdraw the DOGE. So, I would say that as of right now the exchange is legit. However, this could change at any moment. You never really know about these kinds of places. That's why it is recommended that you don't keep your funds on an exchange.
Many negative feedback from users there , but i never heard the exchange is carry away their customers money.
But one thing that i know they held airdrops for 500$ worth value of their coin and ask the participant for doing KYC. But i think the real value will not reach 500$ instead of jusst under 50$, mark my words it will happen next year.
But one thing that i know they held airdrops for 500$ worth value of their coin and ask the participant for doing KYC. But i think the real value will not reach 500$ instead of jusst under 50$, mark my words it will happen next year.
Just cause you do not hear it does not mean it is not doing it. But you are right,,, presume innocent always until proven guilty.
On the other hand, when you have to give an exchange your money, you should at least go for someone who has a lot to lost by stealing. Binance for example makes so much money they would bend over a lot before they eventually gave up and could not pay people their funds. Coinsbit has to prove itself and gain the same reputation before you can consider them in the same way.
For me its suspicious because the design is quite the same with some fake exchange . Visit p2pb2b.io you will notice it. Actually its been months my coin is listed but unfortunately i cant deposit in it unlike others options . I already made a research but nothing ,, there's no specific information about that exchange even feedbacks.
hello guys,
Coinsbit.io is legit exchange? or its scam?
for example, have budget for airdrop - and marketing - 150 000 000 usd?
This airdrop program is never good. they offer too virtual prices and this will never happen to businesses that lie. they just want to take our KYC and then sell it to businesses that need it and they have huge profits. This is something commonly found in phishing businesses now and never do KYC and send it to them. Besides, Coinsbit will soon be a scam exchange when they introduce unrealistic policies and only want to profit from greedy people. This is not the action of a potential and reputable business. Coinsbit.io is legit exchange? or its scam?
for example, have budget for airdrop - and marketing - 150 000 000 usd?
Many negative feedback from users there , but i never heard the exchange is carry away their customers money.
But one thing that i know they held airdrops for 500$ worth value of their coin and ask the participant for doing KYC. But i think the real value will not reach 500$ instead of jusst under 50$, mark my words it will happen next year.
But one thing that i know they held airdrops for 500$ worth value of their coin and ask the participant for doing KYC. But i think the real value will not reach 500$ instead of jusst under 50$, mark my words it will happen next year.
You have not heard that the exchange is running away the customer's money because they almost have zero customer. That is the only reason for having a clean record. They can hardly receive a truthful review because there is almost no one who can give them that. That volume is clearly a manipulated or fake one. This exchange is populated by bots. Too high volume of an unheard exchange. Wash trading must be very rampant in this site.
Many negative feedback from users there , but i never heard the exchange is carry away their customers money.
But one thing that i know they held airdrops for 500$ worth value of their coin and ask the participant for doing KYC. But i think the real value will not reach 500$ instead of jusst under 50$, mark my words it will happen next year.
But one thing that i know they held airdrops for 500$ worth value of their coin and ask the participant for doing KYC. But i think the real value will not reach 500$ instead of jusst under 50$, mark my words it will happen next year.
I don't have any experience using them but I'll remind you that coinmarketcap has been known for making their records modify and pumping the volumes of the exchange they want to even it's not real.
I don't the coinmarketcap are the one to be blame for exchange fake volume listing because the last time i checked the volume showed on each exchange site is what capital market bot updated but if we are talking about coins fake listing then there's a chance that capital market may be part of the volume modifying.Apparently, they might have changed and they don't do it anymore, we don't know.
I don't want to say they are scams, let people have value, their site is similar to p2pb2b I think they have one founder, nothing different from the appearance of their site, as some people say here is true that they deceive many people with fake trading volume use bots like p2pb2b, so what is their purpose to do that is just to catch lots of users, even to attract their users to hold airdrops for new users by giving some CNB tokens to those who qualify, I'm not sure about their airdrop that their tokens are worth later, so my advice is avoid to trade there or save your money on that site
Of course storing your crypto with this non popular exchange is a huge potential that you funds will going to be scammed or even hacked internally. Maybe the participation of the airdrop would be a good attempt just to have a test on how legit are they. I am not saying they're not going to be trusted, at least you're careful with your asset before it's too late.
This volume is completely fake 
Never ever, such exchange as Coinsbit would have such a huge volume, they are doing the same wash trading garbage as p2pb2b exchange and all other analogs that were created by the same scheme.
Never ever, such exchange as Coinsbit would have such a huge volume, they are doing the same wash trading garbage as p2pb2b exchange and all other analogs that were created by the same scheme. 
hello guys,
Coinsbit.io is legit exchange? or its scam?
for example, have budget for airdrop - and marketing - 150 000 000 usd?
Overvaluation in the crypto market is normal, there are businesses when the IPO also overprices their stocks. This is not so different, they just want to promote something and this is a marketing trick. In addition, it does not imply any other meaning. The fraudulent signs are that they offer lending programs with high interest rates and are alleged by some customers who have problems with transactions. IDAX is an example and you should review all the bad news about it for more experience. Coinsbit.io is legit exchange? or its scam?
for example, have budget for airdrop - and marketing - 150 000 000 usd?
hello guys,
Coinsbit.io is legit exchange? or its scam?
for example, have budget for airdrop - and marketing - 150 000 000 usd?
Maybe not a scamCoinsbit.io is legit exchange? or its scam?
for example, have budget for airdrop - and marketing - 150 000 000 usd?
But the allocation for the airdrop is what can make people think that this is a scam ! $200 for just one referral ? I think this is impossible
From my observations, Coinsbit.io are using bots and wash trades to fake bigger volume and being ahead on CMC and others.
This is personal opinion only, but I'm avoiding any exchange when I observe such practices. You could trade all these top pair in more reputable exchanges. There is no need to risk with Coinsbit.io.
This is personal opinion only, but I'm avoiding any exchange when I observe such practices. You could trade all these top pair in more reputable exchanges. There is no need to risk with Coinsbit.io.
Posting there accusations made by the people who encounter or found and issue on coinsbit.
https://bitcointalksearch.org/topic/coinsbitio-scam-exchange-ponzi-scheme-5195285
https://bitcointalksearch.org/topic/coinsbitio-exchange-thread-bots-posting-5194551
https://bitcointalksearch.org/topic/scam-alert-list-created-by-jollygood-5146438
In addition to those claims you can use the search bar of scam accusation and you can see the listed threads above.
And for this we can tell that we can't trust coinsbit so best for you to find a good reliable site if you want to trade safely. And also don't trust easily if they said they will give such huge amount since for sure some of those platforms offer that is scam and that's their bait to lure people on there platform.
https://bitcointalksearch.org/topic/coinsbitio-scam-exchange-ponzi-scheme-5195285
https://bitcointalksearch.org/topic/coinsbitio-exchange-thread-bots-posting-5194551
https://bitcointalksearch.org/topic/scam-alert-list-created-by-jollygood-5146438
In addition to those claims you can use the search bar of scam accusation and you can see the listed threads above.
And for this we can tell that we can't trust coinsbit so best for you to find a good reliable site if you want to trade safely. And also don't trust easily if they said they will give such huge amount since for sure some of those platforms offer that is scam and that's their bait to lure people on there platform.
From the string of accusations, we can conclude how the actual Coinsbit exchange, maybe that's what they offer in large numbers in the form of airdrops and ponzi schemes, I myself have never registered in this fight if there is already a negative feed like this.
I don't want to say they are scams, let people have value, their site is similar to p2pb2b I think they have one founder, nothing different from the appearance of their site, as some people say here is true that they deceive many people with fake trading volume use bots like p2pb2b, so what is their purpose to do that is just to catch lots of users, even to attract their users to hold airdrops for new users by giving some CNB tokens to those who qualify, I'm not sure about their airdrop that their tokens are worth later, so my advice is avoid to trade there or save your money on that site
Of course storing your crypto with this non popular exchange is a huge potential that you funds will going to be scammed or even hacked internally. Maybe the participation of the airdrop would be a good attempt just to have a test on how legit are they. I am not saying they're not going to be trusted, at least you're careful with your asset before it's too late.
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