Coinsbit is a promising exchange with the CNB token

Estonian exchange Coinsbit, on the market since 2022, its legal name is ITEcosystem OÜ. The coinsbit io platform offers spot trading of 120+ cryptocurrency and crypto-fiat pairs based on 40 assets. The platform is quite reminiscent of Binance (review), it is also developing rapidly, in the ranking of all crypto exchanges it is very close to the TOP 10 exchanges in terms of turnover and is very popular among traders.

Trading and working conditions on Coinsbit

A distinctive feature of the platform is lightning-fast processing of transactions. Several ways of earning money are available to users, among which trading at the rate set by the trader is only one opportunity to make a profit. Here the sequence is classic - an order filled to the required volume and price level enters the order book. Executed when the second party to the transaction is located.

Polkadot

At the moment, the Polkadot token is in a downward movement, the analyst believes. In his opinion, in order to return to growth, the altcoin needs to break through the level of $31-32 and consolidate higher. After this, the cryptocurrency will face the first resistance around $38 (an increase of 20% from current levels), says Bennett.

On December 27, Polkadot was trading at $31.6. Over the course of a day, the value of the cryptocurrency increased by 11%, and its capitalization increased to $33.7 billion. The altcoin updated its historical maximum in early November above $54.9. Since then, its price has dropped by 42%.

Polkadot is a system that connects different blockchains and allows them to interact. The main goal of the project is to create a single financial space without borders within the framework of a multi-blockchain.

Services: Coinsbit Investbox, exchanger, Coinsbit codes, p2p lending, Coinsbit IEO

Access to additional exchange operations is available through the top panel menu.

• Quick exchange at the exchange rate stated by the exchange.
• InvestBox for making money by holding certain coins at an average rate of 0.1 to 2.5% per day.

• Mutual p2p lending.
• Stable - where rubles, tenge, hryvnia and dollars are exchanged with euros for stable cryptocurrencies.

• IEO - Placing tokens of your own projects in listing and/or investing in tokens of new startups.

For developing coins, shares are subject to individual time-limited conditions.

The main referral program and an additional one, tied to the issue of the exchange token of the Coinsbit platform, are constantly running.

Referral program from Coinsbit

In addition to 2000 CNB coins, you can earn another 1000 coins ($100) from each user attracted to the exchange site using your referral link.

The referral program is now very profitable! Each user who registered using your referral link receives 2000 CNB. You receive a bonus of 1000 CNB from each user you invite!

In your personal account, go to the REFERRAL PROGRAM tab and there you will find your referral link. For example, mine looks like this:

https://coinsbit.io/referral/92b44a15-e5f7-4a74-a11b-a2e7e2214ed5

Giving it to your friends, acquaintances, advertising on a website, blog, social networks or YouTube channel. You can earn more tokens.

Top up your account on Coinsbit

Depositing funds is subject to conditions with low minimum limits and modest commissions.

1. Depositing almost all cryptocurrencies is not subject to interest.
2. Depositing dollars or euros will cost 0.8% for a deposit of 250 USD/EUR, since the minimum commission is 2 dollars.
3. There is also a limitation on the maximum amount of commission for input - no more than 100 US dollars/EUR.

In other words, for deposits created by deposit amounts over 12.5 thousand dollars, the commission will decrease and, for replenishing an account by 25 thousand USD/EUR, will be 0.4%, and for 50 thousand - 0.1%.

For fiat deposit transactions, it is necessary to take into account the percentages of the AdvCash system through which transactions are carried out. In addition to dollars and euros, fiat currencies for input are RUB, Russian ruble, KZT, Kazakhstani tenge and UAH, Ukrainian hryvnia.

Withdrawal of funds

Withdrawing fiat currency is subject to lower fees than depositing it - exactly 2 times. For cryptocurrencies, the following charges apply for transfers to an external wallet:

• for Bitcoin 0.0012;
• on Ethereum 0.01;
• many coins are withdrawn for free.

Coinsbit withdrawal is carried out only under the following conditions:

• The user has passed Coinsbit verification.
• For amounts over 500 USD, 2FA is configured.
• A one-time transaction does not exceed 100 thousand USD both in US dollars and in equivalents.

Referral program

On the Coinsbit homepage, the exchange publishes a detailed roadmap with plans to launch its own token, margin lending, limit orders, and SWIFT/SEPA systems.

The project being launched is its own Coinsbit token CNB. This is a coin issued by the digital exchange itself for internal circulation and the convenience of users to attract additional funds for development.

CNB owners, in addition to the potential exchange rate growth of token Coinsbit, will be able to save up to 50% on commissions for platform services - in trading, listing, and other operations.

How to get CNB tokens from Coinsbit

The issue of coin CNB has been announced, 400 million tokens have been allocated to attract users. The placement will end on December 20, 2019. The current - the last stage, is accompanied by a generous payment, a price of 2 thousand CNB to each new client with a pre-launch denomination of 1 Coinsbit CNB token of 0.1 USD. In other words, a newly registered user will be credited with 200 bonus US dollars in CNB equivalent to their account.

Stock

Airdrop of CNG token, Bitcoin Ultimatum

Telegram Coinsbit

Registration and verification

To receive coins, you must fulfill 2 conditions:

1. Follow the link https://coinsbit.io/referral/199fc91b-91f1-46d3-b4c5-e1a80358d659 and register. An account is created by entering your email address and password. Next, you need to open the letter in the mail and go to the exchange - the account will be activated.
2. The second condition is mandatory account verification. You must fill out the form provided in your Personal Profile, indicating your passport details. Then you need to take a selfie in which the user is holding a document and a piece of paper with the inscription of the current date and the address of the coinsbitio website. The verification request is processed within 3 days. After this, tokens will be transferred to the client’s exchange account, and at the same time, the trader will be able to withdraw funds.

Attention! The token distribution program is valid only when coinsbit is registered using the specified link https://coinsbit.io/referral/199fc91b-91f1-46d3-b4c5-e1a80358d659, if a new client goes to the exchange at the site address and creates an account - use Coinsbit for transactions and others will be able to perform transactions, but will not receive gift tokens.

Referral earnings

The Coinsbit company offers 2 types of referral earnings.

1. Program for promoting information about the imminent release of the CNB token, each client will receive 1 thousand CNB tokens if a new user registers and verifies using his referral link on Coinsbit. In addition, the program has 2 more levels - 500 and 250 tokens to the account for registering referrals of the second and third levels. This promotion ends on December 20, 2022.
2. A permanent referral program with payment of part of the commission from the attracted trader: 25% on the first level; 15% on the second; 10% on the third.

Information about the current state of affairs is displayed in the Personal Profile tabs.

According to the statement of the exchange administration, tokens will be accepted to pay for the platform’s services six months after the start of circulation. A year after the launch, Coinsbit undertakes to buy back coins from those investors who wish to sell CNB.

Registration on the Coinsbit cryptocurrency exchange exchange

In fact, every user registered on the Coinsbit exchange in the period from September 16 to October 10, 2022 has already received 5,000 tokens, but if you have not been registered on the exchange, you can follow THIS referral link (without it, 2,000 tokens will not be credited) and register by filling out fields with your email address and password to log into the exchange. It is also advisable to read the TERMS OF USE there and then click on registration.

An email will be sent to your email with confirmation links, go to it. And you can already log in to the exchange.

The picture shows what plans the Coinsbit exchange has for its cryptocurrency token. From December 24 it will be traded on the stock exchange.

But one registration is not enough to receive 2000 CNB tokens; in order for them to be credited to your account, you still need to go through verification on the exchange.

Advantages and disadvantages

Reviews about the Coinsbit exchange and the official website are positive - the pros significantly outweigh the small cons.

Advantages:

1. Extensive functionality that is constantly growing.
2. Active and passive earning opportunities.
3. 3-level refrigeration program.
4. Excellent exchange interface.
5. High speed of the site.
6. Moderate commission.
7. Potential fee savings with CNB.
8. Chat and active team feedback on social networks.

Flaws:

1. There is no information about the owners and team members.
2. Stated trading volumes do not correspond to actual liquidity.
3. Relatively modest list of assets.
4. No withdrawal of funds from the exchange without verification.

Have you managed to receive a free CNB token?

Verification on the Coinsbit exchange

In order for the tokens received during the registration process to become available for use, you must undergo verification and confirmation of your identity on the exchange before December 19, 2022. Without this procedure, your tokens will not be available to you. To do this, you need to go to the Coinsbit exchange website and log into your account. Next, select the CONFIRMATION tab.

In order to go through the verification process, you need to fill out all the fields on the NAME AND CONTACT tab, and then do the same on the second DOCUMENTS tab.

On the DOCUMENTS tab, you will be asked to identify yourself in three ways. The first is an international passport, the second is a national passport or ID card, and the third is using an international driving license. You can also download all three of these documents at the same time.

Next you need to take a selfie of yourself. On which in your left hand you will hold your identification document, and in your right hand a sheet with the inscription COINSBIT + today's date + your signature . Then upload the document to the website. Next, press the SEND button. Then wait until your details are checked and you undergo identity verification.

By the way, here is a picture showing the estimated cost of one CNB coin.