Topic: coinsbit.io has taken all my funds without any explanation, looks like SCAM (Read 679 times)

this is sure a scam, I just had a live chat with the support and ask why is my KYC submitted so many times and got reject and ask is the website legit?!

He replied, because your document is expired therefore application been rejected, after that he reply me saying because your document is expired and blame on our "website legit"? and he leave the chat and block my chat.


1st Reject:
Your KYC not accepted. Please try again.
Reason passport: Dear customer, good day! At the time of checking your documents, to confirm and activate KYC, it was revealed that you didn’t comply with all requirements. For this reason, you have been disapproved. Please upload Selfie with your passport (bio data page), driver license (front side) or the ID card (front side) and the note with the CURRENT date, words “coinsbit” and your signature. Note that you will need to fill NAME AND CONTACTS form and upload all other photos once again. Please let us know if there is anything else we can help you with.


2rd Reject:
Your KYC not accepted. Please try again.
Reason passport: Dear customer, good day! At the time of checking your documents, to confirm and activate KYC, it was revealed that you didn’t comply with all requirements. For this reason, you have been disapproved. Text on paper should be written BY HAND without any graphic editing.

3rd Reject:
Your KYC not accepted. Please try again.
Reason passport: Dear customer, good day! At the time of checking your documents, to confirm and activate KYC, it was revealed that you didn’t comply with all requirements. For this reason, you have been blocked because your document is expired.

All the documents i have check is not expired. They are just finding ways to reject your application no matter how good is you submit. Lucky i do not have so much coins there.

Thank you for keeping us posted about this matter. As long as regular updates are provided by you and others that were scammed it allows us to maintain a clear picture of these scam exchanges are continuing their operations which are designed to steal crypto/money from users.

I hope these scam exchanges will close down soon otherwise they will continue to steal more and more from gullible and innocent victims.

I agree with you about "fully" and "not fully". Coinsbit is a scam there is no doubt about it.
they partially enable people to withdraw his money, it's just to show that the service works and creates the false illusion that they are not frauds. Then someone can think, hey they are not fully scamming exchange...
the truth is you never know, will you run out of funds. So, the best advice is, stay away from Coinsbit exchange.

There is nothing like being "fully a scam exchange" or "not fully a scam exchange"
Once they steal your money for no reason, then they are scammers, period. There is no in between and definitely there should be no sweet words for them. From the many complaints we have seen in the past, Coinsbit is a scam exchange and nobody should trust the exchange at all.

A small update: my balances are still 0, support keeps answering like "Dear user, our team will solve your problem soon and we will send you a message when it will be solved."

Wow!So sad! You lost lot of money from coinsbit.Which is not good at all.

Coinsbit is still not fully a scam exchange because they still running that  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 recent campaign looks suspicious too! Three Hundreds of dollars for verifying KYC? Seriously? Be aware of it everyone.

Here is an excellent post from bitbottrader posted in the coinsbit ANN thread but I do not want to post there because it bumps their trash scam exchange ANN thread to the top of the listings. I prefer they stay in pages 3, 4 and 5 where they belong because their sock-puppets have no impact on the listings.

Sorry for the Loss OP, coinsbit.io and the group(p2pb2b.io, whitebit, extrates) have no shame is scam your hard-earned money. Next time uses much popular platforms with good reputation and avoid funding this shady scams with your money. If you are not sure of the platform you would like to use, don't be shy to ask here in the forum. Members will help you out.

 Пoлтopa мecяцa нaзaд я был зaблoкиpoвaн нa этoй биpжe пpи вывoдe cpeдcтв нa 15 eth https://cdn1.savepice.ru/uploads/2020/3/12/9d6484c398498ee38775c65477f9c31e-full.png  я зaнимaюcь apбитpaжeм нa нeй yжe oкoлo гoдa вce былo xopoшo вывoдил https://ibb.co/qW45YWToнeмнoгy oбъeмы тyт нaкpyчeнныe нo ecли пo мoнитopить зa цeлый дeнь мoжнo нe плoxo зapaбoтaть вoт пpимep пocлe чeгo мeня зaблoкиpoвaлиhttps://ibb.co/6BfJcwYhttps://ibb.co/qW45YWT Пpoфиль y мeня вepифициpoвaн kyc пpoйдeн . Я вce пoнимaю нo yжe втopoй мecяц вce чeгo тo пpoвepяют этo вeдeт к paзмышлeнию чтo мнe вpяд ли ктo тo чeгo тo выплaтит.У MEHЯ BTOPOЙ MECЯЦ ПOШEЛ  A ДEHEГ HET!!!!

Bчepa пoлyчил пиcьмo пo пoвoдy блoкиpoвки aккayнтa https://ibb.co/6DXyXQV Я пoвтopюcь чтo я зaнимaюcь apбитpaжeм нa биpжи и в чaтe я зaдaл им вoпpoc пo этoмy пoвoдy https://ibb.co/gwXNg2V нa вoпpoc мoжнo ли нa вaшeй биpжe зaнимaтьcя apбитpaжeм кpиптoвaлют мнe был дaн oтвeт ;нeт;.Xopoшo тoгдa гдe нaпиcaнo в пpaвилax пoльзoвaния чтo нeльзя этим зaнимaтьcя!!!
https://ibb.co/WG3TfPj

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https://ibb.co/K7d5Zks

https://ibb.co/QfQRjFG

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https://ibb.co/RycPxxn
paзницa кypcoв y ниx былa 10% я paбoтaл пo cxeмe bth\eth >btg\btc>btc\eth зa двa чaca я зapaбoтaл 1 btc c 0,004 btc!!!

пpимephttps://ibb.co/qdjtrLq и тaк дaлee этo гoвopит o тoм чтo тaм тopгoвaлcя бoт и зa кypcoм oни нe cлeдили!!!
B пpaвилax биpжи нaпиcaнo в пyнктe №3 o тoм чтo биpжa consbit нe мoжeт быть кoнтpaгeнтoм пpи cдeлки т.e.нe yчacтвoвaть в тopгoвлe https://ibb.co/nmFjnFG
B итoгe биpжa нe coблюдaeт пpaвилa тopгoвли a ктo eй зaнимaeтcя нaзывaют мoшeнникaми!!!

B pyccкoй вeткe я yжe coздaл тeмyhttps://bitcointalksearch.org/topic/re-an-coinsbitio-innovative-trading-cryptosystem-5236327 я пытaюcь c ними cвязaтьcя нo oни мeня игнopиpyютhttps://ibb.co/ncjQKvM

B итoги y мeня нeзaкoннo oтoбpaли 44 eth!!!!

examplens you raise a valid point here.

@OP when did you realise coinsbit and p2pb2b were operated by the same scammers?

Yeah, but in the same thread, you have warmed him to both p2pb2b and coinsbit and also you pointed to their connection. for example this post: https://bitcointalksearch.org/topic/m.51926088

some people here are really trying to expose fraudsters, but even so, many are ignored to it.

Yes you are right, I overlooked that.

It is sad you did not know coinsbit and p2pb2b (and extrates/whitebit) are operated by the same scammers. It is tough to take being scammed twice by the same team.

I've supported it for now. (At least until Coinsbit.io gives a reply to this accusation.)

I should note: you haven't really provided us with any verifiable proof. (But due to previous accusations against this exchange I think it's time for them to at least respond. If they flatly deny your case; well that's another story.)

The flag created against Coinsbit is here.

I have supported it for now in hopes that after it is active, they notice it and work with you to recover your funds. I will post a link to this thread in their main thread.

The topic you mentioned is about p2pb2b, not coinsbit.
Coinsbit still doesn't have a "red flag" here - my case is a good reason to put it.

@ OP

You already have a thread open regarding coinsbit stealing your ETH: https://bitcointalksearch.org/topic/p2pb2bio-has-blocked-my-account-without-any-explanation-looks-like-scam-5166605

Why did you deposit more crypto there after you were scammed the first time round? Please explain.

I'm very curious to know why you kept so much money on high-risk exchange like Coinsbit?
I find on your post history that you already have problems with p2pb2b exchange, didn't you do some research, probably you will find that p2pb2b and Coinsbit have the same owner. and this was known long before September 2019 when you start to use them. and you have an identical situation from here: https://bitcointalksearch.org/topic/p2pb2bio-has-blocked-my-account-without-any-explanation-looks-like-scam-5166605 (archived)
is it possible that you have not learned anything from the previous case? some users have warned you in your topic but you ignore it at all.

Hello.
Thank you, I've already created the red flag for them.
I've posted screenshots of all conversations with them at the moment. I will make an update of the situation in 1 week.

This seems to be an expanding trend with this exchange.

They are selectively scamming vulnerable users when they think they can get away with it.

If you can provide a few more screenshots of your conversations with them, I will show you how to open a flag against this exchange in order to inform new users of their behavior.

Your last conversation with them was pretty recent. If they don't get back to you within a week, let us know.

Ouch... Sorry to hear that buddy  
0.19 BTC is a large amount of money for me  
Well, next time before you want to invest / using exchange, you should check in Scam Accusations to make sure that project scam or not.

There is a thread who against Coinsbit before https://bitcointalksearch.org/topic/beware-of-super-scam-p2pb2b-claim-to-be-worlds-biggest-exchange-5192497

Or you can also ask in Service Discussion, maybe someone have using that project before and explain about his experience to make sure it's legit or not

What happened:
I was coinsbit.io exchange user since Sep 2019.

I've passed their KYC and was trading via API.

On 09th of Feb 2020 I've tried to log in into my coinsbit.io account and got this error: "Your account has been blocked".

I've emailed to support ([email protected]) and got this answer (translated from Russian):

After this I've messaged several times to [email protected] to clarify the reason for "security check", and received this answer on 16th of Feb (translated from Russian):

On 17th of Mar 2020 I've tried to log into account one more time, and this time there was no error. After successful log in I've noticed that 2FA was deactivated, and all balances are 0.
There were no trades and withdrawals in "History" since 09th Feb 2020, so exchange just simply take away my funds.
I've messaged support again via on-site ticket system and got this answer:
I've did as support told me and still got no answer )

Scammers Profile Link:
https://bitcointalksearch.org/user/coinsbitexchange-2681193

Reference Link:
https://coinsbit.io

Amount Scammed:
~0.19 BTC (1200 USD), the total balance at the moment of account ban

Payment Method:
ETH, initial deposit was 1 ETH.

Proof of Payment:
https://etherscan.io/tx/0x1b5a55659a87f84337b1e461ac4743ad385dfc70b2dbc768bfc954b81b1ac9d1

PM/Chat Logs:
Email and ticket conversations:
https://imgur.com/a/uFgRkPY

Additional Notes:
Looks like coinsbit.io exchange just taking funds from user accounts without any explanation. Be careful!