Cryptocurrency exchange Coinsbit: project overview, reviews
**Cryptocurrency Exchange Coinsbit: Project Overview, Reviews**
Experience in preparing expert reviews shows that advertising promises are not always to be believed directly. It is important to conduct your own research to avoid possible financial risks. One example is the cryptocurrency exchange Coinsbit, which stands out among other projects, perhaps not in the best way.
General Information about the Cryptocurrency Exchange “Coinsbit”
Coinsbit is owned by the company ITEcosystem OÜ, which has a questionable reputation. Opened in 2018, this exchange strives to create an impression of reliability and innovation. However, delving deeper reveals that there may be hidden pitfalls here. Despite the high-quality design of the website and a lot of advertising, many traders express negative opinions about it.
On the official website coinsbit.io, the legal address of ITEcosystem OÜ is indicated: Majaka tn 26 Lasnamäe linnaosa, Tallinn Harju maakond 11412, which may be interesting information for research. It should be noted that the company’s servers are not located in Estonia, as claimed, but in the USA.
Regarding contacts with support, there are no phone numbers listed on the website, which raises questions. The company communicates with traders exclusively through email: smart@coinsbit.io, pr@coinsbit.io.
Regulation and License of the Cryptocurrency Exchange Coinsbit
An important indicator of a company’s reliability is the presence of licenses and documents. ITEcosystem OÜ has licenses for virtual wallets and an exchanger, but not necessarily for a cryptocurrency exchange. The lack of confirmation of compliance with regulatory standards raises doubts.
Registration Procedure and User Agreement on coinsbit.io
Creating an account on Coinsbit is advertised as a simple process. Users need to provide an email address and password. It is important to review the company’s terms before registering, especially paying attention to the foreign agreement document, which may be difficult to understand.
- ITEcosystem OÜ is responsible for the exchange but does not guarantee stable operation and full data protection.
- ITEcosystem OÜ may deactivate inactive accounts and change service conditions.
Thus, the company reserves the right to influence user accounts and is not liable for losses or data loss.
Terms on the Cryptocurrency Exchange “Coinsbit”
Users are offered a wide range of services but a limited set of available cryptocurrencies for trading. There are claims that trading volumes on the exchange may be inflated. The process of depositing and withdrawing funds to the platform may take some time due to unstable technical performance.
Reviews from Former Clients of the Company “Coinsbit”
There are many negative reviews about the exchange’s operation, in which users express their disappointment with the quality of services and support. The scheme of unstable exchange operation and difficulties in withdrawing funds leads to a loss of trust from clients.
In conclusion, the company Coinsbit raises certain doubts and requires detailed analysis before starting cooperation. Make your decision consciously and cautiously, based on the available information.
I am entirely dissatisfied with the broker’s work on the Coinsbit project as it lacks transparency, efficiency, and responsiveness based on the reviews and my personal experience.