Avoid Coinsbit exchange at all cost, this exchange sucks too bad that to pass KYC you need to send PM to their email address, also I withdraw ETH from the exchange and its been over 48hrs I never received my ETH, I wrote another PM to their email address but they claimed it's under processing, still got nothing, I'm mad at myself and sad at the same time I'm just trying to safe another victim.
Actually you should avoid all these CEX that act as Central custodian of your funds and can block your withdrawal request anytime or make it delayed like in your case and you can do nothing.Have not personally used coinsbit but some of reviews tell the exact scenarios there and are facing the same problem as yours.So it's better if you get your withdrawal after the given time limit also and then move your funds to non custodian wallet in the first phase.Coinsbit has very low processing time for withdrawal request. From my experience, it takes up to a few days with several rejection. Eventually, my withdrawal request was approved and proceeded by Coinsbit. However, it was done after I created support ticket on website and pinged their team on Telegram.
The thing is when you withdrawal is stuck you need to raise tickets and ask for help from the support which is only automated bot telling you to wait for another time period and you feel frustrated at the end and the team won't help you.As you are also saying the withdrawal were rejected without any major explanation and see those were your funds so what's the difference between these centralised exchanges and government who can also keep track on you with you KYC documents also? Better leave them.I have never used Coinsbit and I am curious to know what is the withdrawal fee compared to other exchanges? High or low? I'm trying to see if there are benefits to taking so long to withdraw funds. Although it seems to me that no compensation is worth the time and effort spent in order to persuade Coinsbit to return your money to you.
