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.

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9 thoughts on “Coinsbit Review”
  1. This website is a scam don’t sign up with them, they’ll take all your funds and request you invest more funds for you to have access to your funds, I fell bait to their schemes and lost a whole lot of my savings, I tried communicating via emails and call centre agents but no luck until I initiated by recovery process with “Swift funds recovery at outlook”, I got my funds recovered into my wallet in less than a week.

  2. I buy bitcoins from Coinsbit to invest in all the time and I am happy with their service each time.

  3. After my mistake they did everything to cerrect it and restored my tokens. Great service, fast and good support for beginners. Very friendly

  4. They are SCUM..Instead of doing KYC before even depositing, they allow the deposit and refuse withdrawal if you are a US citizen. PURE FILTH

    I see COINSBIT has done the same to other US and Canadian residents, after reading reviews, it appears I am one of many who have been scammed. This is a well intended attempt to dupe clients. I have sent countless emails and messages to “Support”. Its a circus parade about “send to support or security”, “it fixed”, “we are working on the problem”. I anticipate it will take months. I suspect they are using are funds for their own investment gains and then returning it after they have profited. PURE VILE SCUMBAGS. No one should use this service

    It doesn’t take weeks to
    months to return your funds. It takes seconds to deposit yet people are waiting weeks to months after countless emails and messages to get their money back. Why can’t they do KYc before deposits ? Yea, we made a mistake by depositing but that does not give Coinsbit reason to continue perpetuating this TRAP. It’s clearly a well orchestrated BAIT.

    Re Reply from Coinsbit
    I am not misleading. I am telling you my experience along with countless other customers. Look at your reviews about “withdrawals”. Are you in denial ? Just give people their money back in a timely manner and fix the “trap”. Then you will get happy customers. Why else would you hold peoples money for weeks ? It leaves me to guess you are investing it before refunding it. I am no fool SMDH

  5. I like this exchange for trading but can’t seem to pass the KYC after multiple attempts. I can’t see anything that would tell me I can’t use it in Canada. Would like some help on either getting verified or withdraw without verification.

    Edit – Coinsbit helped me with the KYC process and after finally understanding how to take the picture I can use all the functions on exchange. all good now!

  6. For unspecified reasons, withdrawals are put on hold and then blocked. It is not possible for an XRP withdrawal to take more than 10 hours.

    Update: they ask for KYC in order to delete your account. Really???

  7. I have deposited my plcu wallet balance to coinsbit wallet but it is not showing in coinsbit wallet, is it happening because i a have not done kyc verification yet. Will it be shown after i do the kyc verification????

  8. I have been with Coinsbit since 2019 with their first crypto airdrop (CNG), which was spreaded almost in every TG channel. Frankly, that was mainly the reason why the profit out of that was quite poor.

    However, for the past 1.5 years they have started new profitable drops, which are appealing to participate – IEOs. It still gives me decent money for nearly no effort.

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