Review on Coinsbit by Olugbenga Ajayi
Coinsbit is a fast rising exchange
Today, there are many exchanges competing for traders attention. Majority of them do not really possess true features of an exchange. In this regard, Coinsbit stands out. Although it was launched not long ago (2018), it has been featured on Forbes magazine and awarded for it's wonderful services.
Coinsbit is a fast rising exchange that offers crypto to crypto Exchange and crypto to flat exchange. It supports up to 15 cryptocurrencies and some stable coins. It also supports two flat Currencies; EUR and USD.
There are many features that has contributed to its success, let me mention a few of them.
1. It provides automated trading bot. It is designed such that no not can transfer users assets out of one's account.
2. Investbox is a feature that provide investment services to Developers.
3. Refferal: Traders can earn bonuses and reward for referring other traders to the platform.
4. P2p loans: Traders can loan other traders cryptocurrency and earn interest.
4. Fast trading engine:insbit has one of the fastest trading platform.
5. Reward of $500 to all new Traders.
6. It recently launched OTC desk which allows for execution of larger trades with quick settlement.
The exchange charges flat fee on both takers and makers. It also charge fair fee of 0.0012 on BTC withdrawal.
There are lots of complain about delay in withdrawal and also they will need to improve on their customer support. Reports has it that they use bot to replace human support and this has really reduced the quality of service customers receive.
Pros
- It supports flat to cryptocurrency exchange
- The website is professionally designed
- The website is multilingual
- The withdrawal fee is fair
- The exchange enjoys daily high liquidity
- Offers lending services to traders
- Allow deposit through common payment methods
Cons
- There is report of delay in withdrawal processing
- Customer support should be improved
New products
Comments (1)
September 20, 2020
Coinbit Exchange is one of the exchange that supports quit number of cryptocurrency. The exchange has good security feature that can be trusted. I love the fact that it allows fiat currency because it make deposit to the exchange easy especially for the newbies.
