Coinsbit Review


About company:

Coinsbit is an Estonian cryptocurrency exchange. It was founded at the beginning of 2018. The legal entity “Coinsbit” is EXRT Services OU. The organization is registered at Narva mnt 7, Kekslinna linnaosa, Tallin, Harju maakond, 10117. is on the 18th place in the rating of crypto exchanges according to the Coingecko resource. We expressed our utmost interest in this matter. After a short analysis of the company’s activities and feedback on its activities, we are ready to share our opinion in this review. Overview of the cryptocurrency exchange “Coinsbit” At the end of 2019, Coinsbit became a competitive exchange, now it can “compete” even with the top representatives of the financial sector. The daily trading volume of Coinsbit averages $1,400,000,000. However, according to customers in their reviews, this figure is significantly inflated. Every month, the official site is visited by traders more than one million times. Coinsbit news can be followed in today’s popular social networks:;; The official website of is quite simple. From its main page, you can go to any section or tab of the site. Navigation through the resource is very convenient and does not require any additional knowledge. There are no extra buttons in the interface, and there are no flashy titles in the landing page. This fact inspires confidence. is translated into 14 languages, including Russian.


9 responses to “Coinsbit Review”

  1. I think that will do for the first full-fledged experience. Simple and fast output, which does not bother the visitor of the site. The site itself is modern and technological, works instantly and lightning fast. The support guys are always responsive and sincere. Well done!!!

  2. I have been locked out of my account for over a month. Support provides no reason; it only says it has been escalated to technology. I think they are crooks. Beware of using this site.

    Update 10/25: It has been 2 months and my account is still blocked. They will no longer respond to my emails. I stand by the previous statement. Coinsbit are crooks. I suggest no one does business with Coinsbit. See their response below. Why they do not contact me if they are checking for fraud. Notice how he says they will determine fraud and decide what I receive from my deposit. The only fraud is by Coinsbit. I am lucky I only lost $2,000 to them. Use them at your own risk.

    Update 12/24/21
    I am stilled being blocked from gaining access to my account. No one from Coinsbit has explained. I assume my money is gone too. Do not do busy with Coinsbit.

    Update 4/4/22
    I am still blocked from my account and still have not received a response from Counsbits. They are true scam. Stole over $2000 from me.

  3. I have tried to verify my account 3 time 2 times with drivers id and once with passport and have been waiting to withdraw my money from this horrible website with horrible service. I even offered to email them all my details but still I am told to wait. And who does a verification after deposit like how does that even make sense?
    Dont use this website unless they change the people working on this exchange.

    Still waiting for verification and all support does it tell you to wait. Its been 10 days and counting.

  4. I use the platform of the exchange for the purchase and sale of cryptocurrency Coinsbit, one of the best exchanges, low commission, high-quality platform interface, friendly support, they always help me if I don’t understand something.

  5. thanks for fast responding, Exchange have a good chance to be at tier1 level

  6. Hello, after deposited a large amount of money, and making trades, I have submitted the information requested for the KYC compliance in order to make a withdrawal, and they have denied it for the following reasons:

    “Subject: Customer Disapproved

    Your KYC not accepted. Please try again.
    Reason passport: Dear customer, good day! While checking your documents to confirm and activate KYC, it was discovered that you didn’t comply with all the requirements. Due to this reason, you have been disapproved. Your documents can not be accepted because your region is not included in the list of recognized states!”

    I have looked into the terms of service, and they do not include a “list of recognized states.”

    To Coinsbit: You have stated on others responses on this site that you have provide a separate KYC regulations for customers from the United States. Can you please add these special regulations to your terms of service, and also provide them to me here?

    Also, for other’s who have this same issue, have you been provided the ability to make your withdrawal?

    Thank you in advance.

  7. I am absolutely distraught . My money is stuck in this exchange and they are doing nothing to make good and return my funds . This is criminal and I will be reporting them to the appropriate authorities.

  8. I deposited money four times in a week and I had no problems, thank you for your service dear team!

  9. They have a shady business model. First they advertise to give trading bonuses, but once registered you won’t find any.

    Most despicable thing they do is allow any customer to deposit fund and trade but block withdrawals (even crypto) for unverified (customers not done KYC) keeping their funds for themselves. STAY AWAY. It is also poorly designed site with many spelling mistakes.

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