Coinsbit.pro is a new player in the crypto exchange sector who is aiming to make the process involved much easier for the users. They state that they have 6 currency reserves which might seem too little, but for the average crypto enthusiasts, it perfectly suits their needs.
The creator of this exchange is unknown and there is no information about the employees or about their physical location. Mysteriousness around this firm is concerning for a lot of users and considering the kind of scams present in this sector, you shouldn’t proceed without doing some research.
To know the answer to all your questions, stick with us till the end and then decide whether you want to indulge with them or not.
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Legality and Customer Support
The regulation part still hasn’t caught up to the crypto sector and that is why there are so many fraud activities going or around it. We are not saying that every unregulated firm or company are outright scams, but the vast majority of them are. There is no information about the parent organisation of this exchange which is a huge concern in our books.
Moreover, we couldn’t find the real owners of the platform as well. In short, it appears to be run by a bunch of people who really know how to stay anonymous online. Customer support is an important element when it comes to online services.
If you need assistance on this platform or any kind of help, then you have the option to reach them via email. Nowadays, many exchanges provide phone support which is a lot more convenient and compared to that, the email support is a little primitive.
How does Coinsbit.pro Work?
Coinsbit.pro is just like any other exchange out there. They help users convert their money from one form to another i.e fiat to cryptocurrency or vice-versa. There is no information about the fees charged by them on their platform. However, when we entered the details, the costs involved was reasonable and certainly not a deal breaker.
This firm features 6 currency reserves and they are as follows.
- Bitcoin
- Ethereum
- Pax USD
- Visa or Mastercard USD
- Perfect Money USD
- Payeer USD
If you enter your wallet address and then face any kind of trouble, you will have a hard time sorting it out. As far as customer satisfaction goes, this entity is not the one you want to blindly trust.
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Funding and Withdrawals
The base currencies on their platform are Bitcoin and Ethereum. Users can convert their cryptos into ewallet currencies or directly transfer the balance to their debit or credit cards. One of the easiest ways to judge a service is by looking at the fees they charge.
Since, there is no clear answer to this question, be extra cautious while dealing with them. The minimum transaction amount is said to be around 0.01 BTC. Time required for processing the transaction is not stated, but usually it is around 4 to 6 hours.
Customer Testimonials
In today’s time, it is almost impossible to hide or suppress any kind of information. If you dig deep enough, you will often find a lot of customer feedback on any product or service. This exchange showcase few positive comments on their website. However, they all appear to be fabricated and are not something which can be verified.
Plus, the comments do not contain links to their social media profiles. So, that is just another dead end and remember to always cross check things like these online as most of them are intended to manipulate the public.
Domain Information
Below are the information about this website we scraped together by using two tools which are alexa.com and whois.com. Unfortunately, we still weren’t able to find the identity of the creator.
Domain – Coinsbit.pro
Registered On – 22/07/2019
Expiry – 22/07/2020
Alexa Global Rank – 3,151,747
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Target Audience – Currently Unknown
Coinsbit.pro Review Conclusion
Coinsbit.pro is not the best or the competitive exchange out there. They are extremely new to the sector and there isn’t any feedback about them yet. Given the present scenario and conditions, there are much better alternatives out there. For your own safety, it is better to avoid indulging with them for now.
