Coinsbit is an Estonian centralized cryptocurrency exchange (CEX). Launched in 2018, it offers spot, P2P and over-the-counter (OTC) trading, direct crypto purchases, and a blockchain launchpad. Alongside the centralized Coinsbit crypto exchange services, users can also access DEX trading.
The platform can be accessed in 15 languages. Financial services provided by the exchange may be restricted in some countries. You can find data regarding the average Coinsbit volume and popular markets above.
Markets
The Coinsbit cryptocurrency exchange provides several trading methods:
- Spot trading
- DEX trading
- P2P trading
- OTC trading
There are two account types for Coinsbit spot traders – Classic and Pro. Margin trading is under development, with plans to launch the service in the foreseeable future.
The Coinsbit crypto exchange supports crypto-crypto and crypto-fiat trading. USD and EUR are the primary fiat currencies available on the platform. There are over 150 Coinsbit trading pairs available in total, and over 90 assets have been listed since launch.
OTC Coinsbit is a platform for handling large-scale transactions. It’s based on the escrow principle and supports both fiat and crypto assets. The Coinsbit cryptocurrency exchange offers steady exchange rates and optimal quotes.
Like many crypto exchanges, Coinsbit lists its native asset, the Coinsbit Token (CNB). This asset was launched in January 2020. CNB holders are eligible for discounted fee rates. You can learn more about the Coinsbit crypto price, market capitalization, and social signals by clicking here.
The Coinsbit exchange fees are fixed, meaning that there are no tiers. The flat rate is 0.2%. It’s not based on the maker-taker model. CNB token holders can receive up to 50% discounts on commissions.
Withdrawal limits are determined by the account type and duration. New accounts cannot access the withdrawal service immediately. Basic accounts are limited to $500 per 24 hours. Verified enhanced accounts are limited to $100,000 per day and must use two-factor authentication. Coinsbit crypto fees on withdrawals are asset-specific.
Other Services
The Coinsbit crypto exchange offers a broad range of financial services aside from spot and over-the-counter trading, such as peer-to-peer loans and stablecoin purchases. Each service specifies whether the preferred payment method is crypto, fiat, or either of the two.
Coinsbit Store is a global crypto marketplace. It operates as an eCommerce platform that offers electronics and other goods, including phones, computers, and home entertainment systems. All Coinsbit crypto prices on the marketplace are denominated in USDC, USDN, PLC, and CNB.
Coinsbit Codes is a fast transaction service. Users generate a unique code that can be used to transfer assets between accounts. There are no additional Coinsbit crypto fees for using the Codes service.
Staking is supported on the platform. Users can choose their preferred staking pool to start earning passive income. The minimum and maximum Coinsbit crypto price requirements for the staked assets, as well as the profit rate, depend on the selected pool.
While the centralized Coinsbit spot is the key market on the platform, it also hosts a decentralized exchange (DEX). DEX Coinsbit enables swapping for tokens and DeFi assets. Users are not required to create an account or comply with KYC regulations. The service is accessible via a Metamask wallet.
Coinsbit Launchpad is a platform for financing and launching new and upcoming blockchain projects. Customers can participate in initial exchange offerings (IEOs) and token sales to support development teams.
About the Company
The Coinsbit crypto exchange was founded by Mykola Udianskyi in 2018. While the company headquarters are in Tallinn, Estonia, it’s registered in Seychelles. There are over a million registered users.
In April 2021, the Indian branch was launched. In September 2022, Coinsbit India rebranded to CryptoForce. Bear in mind that the two branches operate separately. Therefore, statistics like the Coinsbit trade volume or market capitalization differ from CryptoForce. You can learn more about the Indian company here.
Mykola Udianskyi is the former CEO of Coinsbit. He’s known as the creator of the Bitcoin Ultimatum fork on the Bitcoin blockchain. Udianskyi studied Law and Cyber Security at Kharkiv National University and obtained his Ph.D. in Law in 2019. After selling his stake, he stepped away from the Coinsbit crypto exchange in December 2019.
