Review on Coinsbit by Naomi Ilani
CoinsBit Is Gradually Rising
The CoinsBit is an Estonian based exchange platform that is registered in Estonia, leaving it centralized. It started in August 2018 by Yaroslav Yarovenko. The exchange platform has once been recommended as the best exchange platform in the Asian part of the world, it is currently ranked as the 24th position amongst the list of exchange platforms. It is an exchange platform that allows trading in both fiat and cryptocurrencies. For cryptocurrencies, it supports a wide range of altcoins like LTC, USDT, BCH. The exchange platform has its interface in various languages (about 13 of them), although there has been recent complaints of their English language being poor
Going to the fees, CoinsBit charges a trading fee of 0.2% for both makers and takers which happens to be very competitive when compared to the industry's average and also charges a withdrawal fee of 0.0012BTC. The exchange platform does not put any restriction to American citizens, leaving them free to use
Pros
- The platform has its interface in various languages
- Supports both fiat and cryptocurrencies
- It's fees are really competitive
Cons
- It still needs to be publicized although it's a bit popular, it still needs increment
