Review on Coinsbit by Ogulnar Annamuhammedova

Today, the focus is not just on another crypto exchange, but on the whole ecosystem, which includes a crypto exchange, its own token, an IEO platform, and a platform for lending users.



As of December 2019, more than 1 million accounts have already been registered on Coinsbit; in terms of turnover, the crypto exchange has already entered the TOP 3 on coinmarketcap.com. In the review, we will take a closer look at what the developers offer and whether it is worth trading on Coinsbit.

Security of using Coinsbit

The crypto exchange pays special attention to the security of the site:

* Cold wallets hold more than 95% of all

cryptocurrencies;

* Uses WAF firewall to block

hacker attacks. Firewall certified by Hack Ctrl,

the level of security is called high.



Users can themselves increase the security of using Coinsbit, for this purpose is provided:



* Two-factor authentication, connects via

Personal Area.

* Ability to create API keys (useful for those who

uses bots in trading). For them, you can specify

list of working IP, set restrictions on operations.



Own CNB token

This is a typical service token, created primarily for the rapid increase in trade turnover and obtaining additional funding for the development of a crypto exchange. Holders of CNB coins receive a number of benefits:



* reduction of the trading commission by 50%;

* solid reward within the affiliate program;

* promise special conditions within p2p

lending;

* there are bonuses for IEO, coin listing;

* you can get PRO status, vote for listing /

delisting of cryptocurrencies;

* there is an opportunity to receive income from InvestBox.



Promising projects can attract additional funding through IEO and immediately after that be listed on Coinsbit. To do this, an application with a detailed description of the project is submitted through the exchange website, if the experts of the crypto exchange deem it reliable, the Initial Exchange Offering procedure will be carried out through Coinsbit. Not everyone reaches 100% of the expected amount of the collection, but the minimum bar is obeyed by many. This shows that Coinsbit's audience is quite active and doesn't mind investing in new projects. The site has a list of successful IEOs and a section with active / planned IEOs.



You can apply for a cryptocurrency listing. The scheme is the same - the application contains all the information on the crypt, the White Book, after its analysis, the Coinsbit team decides to add the crypt to the exchange.