Which is better | Bitcointalksearch.org

Kelvinid

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Quote from: XUR_TIP on February 22, 2022, 11:59:55 AM

If you are given two choices to choose from Azbit and coinsbit exchange which one will it be? I've not use any and I'm having difficult time passing KYC verification on coinsbit exchange but I want users experience about these two exchanges.

Honestly, I don't try them and I don't give the trust, especially if they are asking KYC. There are many exchanges that exist now and many of them are now asking for KYC verification that many traders don't want it. But if it comes the moment that we have no choice, still I'd never choose them, I'd rather choose those exchanges we know that can protect us and can make our funds safe.

Azbit and Coinsbit haven't yet performed well, I guess they need some more exposure and market promotion to get attention and gain trust from the community.

GEMIN_M4

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I've traded once on coinsbit and I withdrawn my funds successfully, this was in 2020 but I'm not sure about how they run the exchange today, maybe things have changed drastically I can't say, some issues are expected because the exchanges are low rank exchanges don't expect too much from either.

Issa56

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I won't really advise you to use any of those exchange because they are not reliable, I don't really know about Azbit exchange but atleast I know about coinsbit exhange, a very annoying exchange with annoying coins, coinsbit exchange is very slow and I won't even advise you to trade on the exchange. Currently I notice that coinsbit is always requesting for kyc before you can make withdrawal, don't even try to complete your kyc with the exchange because is kind of risky. I believe their are lot's of reliable exchange which you can trade, I think coinsbit and Azbit exhange are not exhange which you can trust your money with.

dkbit98

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Quote from: XUR_TIP on February 22, 2022, 11:59:55 AM

If you are given two choices to choose from Azbit and coinsbit exchange which one will it be? I've not use any and I'm having difficult time passing KYC verification on coinsbit exchange but I want users experience about these two exchanges.

I would not use any of them and I would especially avoid sending them any identification documents and passing kyc procedure.
Never heard about Azbit exchange before but I see that Roger Ver is allegedly their ico advisor and he is probably working with them.
I heard many complains about coinsbit before, I am sure they also have fake trading volume, and rating for Azbit is very low on coingecko website.

touseefahmad1999

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Mate you should use these types popular exchange like binance,FTX And MXC because it's very reliable crypto exchange with High liquidity. It's not difficult when you do complete your KYC . They takes few minutes to approve your KYC . I recently check both exchange Azbit and coinsbit my personal experience both have totally scammed

Oceat

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This is the first I've heard about these two exchanges but based on my research "coinsbit" seems like a local exchange in India and I don't know about the other one. But these two exchanges have some in common they listed different token that I don't know somehow but I guess it was one of the bounties or something.

You should ask this question OP, why would you use a shady exchange instead of using reputable one? You should follow what @examplens suggested if you don't like to pass any KYC but if the token you were trying to sell only find on that exchange you mentioned, then maybe try a little research first so that you can decide if you like to use either one of them.

MidNite36

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I thought these two exchanges are crap Shocked

why would anyone want to trade on the exchanges? I will gladly abandon these exchanges and go for reliable small exchanges like CoinEX and bithumb.

pieppiep

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I won't choose one or both because I have already chosen Binance to trade. You can also opt for Binance if you want. You don't have to use one exchange or even both if you have trouble with KYC verification. Besides, many of us don't know much about the two exchanges. I hope you know the risk if you are still trying to use both exchanges and not blame yourself if something worst happens.

Peanutswar

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These are the top exchange which is I'm currently using too, Binance, MEXC and Crypto.com but it has a KYC verification if you want to increase the number of deposits and withdrawals if you are getting bothered with the KYC we have the Kucoin too they don't require a KYC but of course, they are still recommending this, that exchange has a good security layer too that still might protect your funds.

Darker45

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I suppose this is another case of diving into shady exchanges in chasing low-value tokens either obtained through bounty campaigns or airdrop. In which case, since you are limited to two bad exchanges, choose the lesser evil or perhaps choose the one which gives you the advantage. That is, if you are bent on selling those tokens using either of these two questionable platforms.

Do the two exchanges require KYC or perhaps one of them provide a certain limit for unverified users? Which between the two has the higher volume for your token where your sell order could be filled easily? How about trading and withdrawal fees? Which one has the lower fees? Which one has the lower minimum withdrawal limit?

Stalker22

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Coinsbit and Azbit do not have any advantages over each other because both are equally bad. The CMC ranks Azbit somewhat higher than Coinsbit, but it does not support fiat currencies, and Coinsbit has a higher 24h volume. There are many good exchanges out there, but with those options you offered, I would not use any of them.

jossiel

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Quote from: XUR_TIP on February 22, 2022, 11:59:55 AM

If you are given two choices to choose from Azbit and coinsbit exchange which one will it be? I've not use any and I'm having difficult time passing KYC verification on coinsbit exchange but I want users experience about these two exchanges.

I wouldn't choose any of them.

I'll stick to the reputable ones that I know. If you're having difficult time for complying with a kyc on coinsbit. Then try kucoin.

There are still good exchanges out there that won't forced you to kyc. But with those choices you've given, I haven't tried any of them and I wouldn't use them.

Rikafip

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Quote from: XUR_TIP on February 22, 2022, 11:59:55 AM

If you are given two choices to choose from Azbit and coinsbit exchange which one will it be?

I would say no thank you to any of those two.

Azbit is a shitty failed ICO/exchange that even had bounty campaign here. One look at their trust and it's pretty much obvious that you should avoid that exchange. Priot working on Azbit, bunch of their team members were part of Bitsane, well known scam exchange that disappeared with people's money so you can guess how Azbit will end.

Regarding Coinsbit, it's one of the worst possible exchanges out there, with a long list of shady behaviour and scamming people. Regarding failing KYC there, count yourself lucky that only thing you gave them so far is your personal info and not your money as well.

Mpamaegbu

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Quote from: examplens on February 22, 2022, 01:07:11 PM

instead of passing KYC on these two shady exchanges, I'd rather use Kucoin or FTX where KYC is not mandatory.

Sometimes I wonder why people choose to play rough by taking unnecessary risk. There are exchanges which are already tested and trusted with a trust score of 10/10 and OP is confining themselves to just two relatively unknown ones with trust score of 8/10? I wouldn't touch those two exchanges with a long pole when I know I can effortlessly trade on Binance or Kucoin. Anyway, I just heard of those exchanges today. It's better for one to go through the hassles of KYC on a reputable exchange than go KYC free on an unknown one.

GeorgeJohn

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You should have use exchange that will be easier for you to verify it's KYC easily such popularly a we'll known Bitcoin exchanges like binance that is well known, because someone could only render advice of exchange according to it's experience for the particular exchange, i know some people find it difficult to understand the procedures of exchanges via verification.

Smartvirus

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I am not familiar with those two exchanges, might have heard or come across of Coinsbit a few times but have never thought of using them not even once. I'm much more comfortable with Binance and KuCoin, at least I know them to be reliable and have been doing just fine. If they aren't restricted in your nation, I would suggest you try them out and forget about exchanges that aren't well pronounced in the crypto space and raises questions of doubts. How sure is your identity through KYC even safe on such a platform?
Ensure you do a proper research before going through with them as, replies thus far isn't funny @OP.

Zotak337

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Coinsbit is better with volume and Azbit sucks big time, there is no reason to trade on both unless the token is only listed on these exchanges which most times such projects are bad projects meet bad exchanges.

TheNineClub

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Quote from: XUR_TIP on February 22, 2022, 11:59:55 AM

If you are given two choices to choose from Azbit and coinsbit exchange which one will it be? I've not use any and I'm having difficult time passing KYC verification on coinsbit exchange but I want users experience about these two exchanges.

With so many choices, why limit yourself to those two? I kinda think that it's best to stick with bigger names in an era full of scam exchanges and dubious platforms. Also, I know that many exchanges ask for it, but do yourself a favor and search for a great post here on the forum about the dangers of KYC, and that might make the decision to go with big-name exchanges all that simpler.

maydna

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Quote from: XUR_TIP on February 22, 2022, 11:59:55 AM

If you are given two choices to choose from Azbit and coinsbit exchange which one will it be? I've not use any and I'm having difficult time passing KYC verification on coinsbit exchange but I want users experience about these two exchanges.

I don't know about those two exchanges, and I wonder why you want to use those two exchanges? Is your coin only on those two exchanges or for other reasons? At the same time, we have many recommended exchanges such as Binance, KuCoin, FTX, Poloniex, etc. Maybe you can look for references from other places if you haven't found information from here. But be careful in using the two exchanges because I don't think the two exchanges are as big as the others.

examplens

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Quote from: XUR_TIP on February 22, 2022, 11:59:55 AM

If you are given two choices to choose from Azbit and coinsbit exchange which one will it be? I've not use any and I'm having difficult time passing KYC verification on coinsbit exchange but I want users experience about these two exchanges.

I don't know anything about Azbit, to be honest, I never heard about this exchange. they certainly don’t seem reliable to me, though I see they reported a $255,497,971.68 24h volume, which seems to be quite a lot for an almost anonymous exchange.
but I would definitely stay away from Coinsbit. do a little research about them, scam or not you will find many accusations against Coinsbit and use very dubious methods to run the business. Here are few examples on this forum:
https://bitcointalksearch.org/topic/coinsbitio-scam-exchange-ponzi-scheme-5195285
https://bitcointalksearch.org/topic/beware-of-super-scam-p2pb2b-claim-to-be-worlds-biggest-exchange-5192497
https://bitcointalksearch.org/topic/mods-requesting-bans-for-coinsbit-sock-puppets-5190706
https://bitcointalksearch.org/topic/beware-coinsbit-scammers-create-their-own-investbox-yobit-style-5232300

instead of passing KYC on these two shady exchanges, I'd rather use Kucoin or FTX where KYC is not mandatory.

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