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Amritsar
4 Level
146 Review
324.75 Karma

Review on Coinsbit by Aman Arora

Revainrating 4 out of 5

Coinsbit show lot of promises but has not performed upto the standard

Who is not aware of the most influencer Airdrop in Crypto matketn which actually started the hype about earning in Airdrops can be possible. Actually for well rstablished team of Coinsbit did everything to earn a hype for the coin CNB & managed to increase the user database by millions through Airdrop and various other market tools as through social media , interviews etc.
Coinsbit exchange took lot more time than exchanges usually does to launch and since that launch,there are various altcoins launch but I havn't yet witness a valuable altcoin trades at coinsbit except btc,ether and top 10 dominant coins.

Interface is very good and variety of wallet store options but coinsbit has continously struggled with volume and kyc procedure as the benchmark set is very hard and dont favor most regions. One good point about cnb coin is staking for different periods provide good stable coin and due consistent low value range cnb coin,value use to remain the same and that is why staking is profitable. I have seen various phases launch of new cnb Airdrops and that has helped CNB get increased volume but As a investor,my eye would be on listing of good value coins with volume that can help coinsbit to earn good value for money otherwise, lot of work still needed to be done for Coinsbit to survive in this new changing Era of crypto exchanges and options





Updated 3 years ago
Rating has not been changed
I would still maintain my ratings to what I used earlier but beside the fact there is consistent failed attempts for verification, I still manage to use the exchange well for staking and other deposits. I wish If they hire a third party peofessional services for verification although it costly and time consuming but It would allow exchange to complete rest of operations easily which is listing and male Coinsbit a full DEFI enabled platform




Pros
  • Multiple payment options and inbuilt staking of Cnb and other coins
  • Inbuilt staking with various options
  • Very low fees to list a coin
  • Interface is easy to use with lot of coins
Cons
  • Lot of promises but CNB coin has failed to reach the set benchmark

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