Review on Coinsbit by David Olayide
Coinsbit Has Real Potentials As An Exchange Platform
Coinsbit is a fairly newly established cryptocurrency exchange that was launched sometime in 2018. The exchange recently caught my attention and when I took a closer look I was really attracted by the excellent and futuristic looking interface. I remember feeling impressed and also optimistic about using the exchange for my trading activities. Coinsbit has a number of features that promotes the exchange such as, the high performance engine it boasts of, and the strong security.
The Coinsbit exchange manages to record some impressive 24 hour trading volumes from time to time and this is a major reason why the exchange is not in a fixed position on the list of exchanges with the highest trading volume over a period of 24 hours. As soon as I visited the exchange I immediately wanted to know about their fees and whether it is affordable. That is also one of the first features I always look out for when picking a trading platform. So I discovered that compared to what others offer, the fees they charge is a little bit above the industry average.
One other feature that usually attracts me to trading platforms is the availability of more than one or two deposit options. On Coinsbit, you can deposit funds through either wire transfer, or through your credit cards, as well as with crypto. This is really good because it will encourage new investors to use the platform. Coinsbit supports a lot of major crypto.
To make it as secure as possible, about 95% of all the currency on the platform is stored in a cold wallet to minimise the risk of total loss in case of a fraudulent break in.
so
Pros
- Coinsbit has a really nice interface design
- The exchange supports and hosts multiple language options
- Coinsbit makes use of cold wallets to increase security
- The Coinsbit exchange claims to be ablr to handle as much as 10, 000 trades per second
- The deposit options are many
Cons
- The fees or charges are a little above average
