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Rated 1 out of 5 stars

They have a shady business model. First they advertise to give trading bonuses, but once registered you won't find any. Most despicable thing they do is allow any customer to deposit fund and trad... See more

Company replied

Rated 1 out of 5 stars

Sorry to say this company simply steals all your funds from your wallet. There is no such thing as supporting customers with an issue. The telegram blocks you and suddenly 10 customer support agent co... See more

Company replied

Rated 1 out of 5 stars

it's an exchange where nothing works properly, transfers take whole days, and if support answers, they don't do anything about your problem and don't solve anything. I'm here for the last time, I'll n... See more

Rated 1 out of 5 stars

I would advise anyone not to waste their time here, Their support team is just like talking to the man in the moon. It's completely out of this world—unresponsive, if you would say. And I am aware o... See more

Company details

  1. Cryptocurrency Service

Written by the company

Coinsbit is a new trading platform that provides businesses and individual traders with Low commissions, Multi-Support, Strong Security, and Open API.


Contact info

You should know

1.2

Bad

TrustScore 1 out of 5

285 reviews

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Hasn’t replied to negative reviews

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Rated 1 out of 5 stars

IS COINSBIT.EXCHANGE LEGIT???

IS COINSBIT.EXCHANGE LEGIT???

how many people have successfully withdrawn from this their new platform?. Asking $50 deposit for account reactivation after remerged of old account

8 May 2026
Unprompted review
Rated 2 out of 5 stars

Choosing to proceed with the…

Choosing to proceed with the verification process on Coinsbit.exchange was definitely the best decision I made. The steps were clear and straightforward, and my previous account was restored without any complications. The transition was seamless, and my funds became available exactly as expected. I was especially impressed by the faster and more professional support responses, which made the entire experience stress-free and demonstrated a clear improvement in service quality

9 May 2026
Unprompted review
Rated 1 out of 5 stars

tanyaghos29@gmail

I gave Coinsbit a try because it seemed like a solid platform. Everything looked pretty good at first, I liked the variety of deposit options, and the support team seemed friendly and quick to respond. But as time went on, things started feeling off. Getting real help became frustrating, and I found myself going in circles trying to get clear answers.

It took some time and effort, but in the end, I was able to get my money back and move on. Definitely not the smooth experience I was hoping for.

If anyone’s dealing with a similar situation, I’m happy to share who helped me out.

28 May 2025
Unprompted review
Rated 1 out of 5 stars

Thievery

Opened an account years back, they gladly let me deposit funds then figure out I can’t withdraw my $5k+. Going to KYC then my account is blocked can’t sign in. Contacted support but no replies. Basically jacked me.

2 December 2024
Unprompted review
Rated 1 out of 5 stars

Be Warned!

Don't invest here, you can't withdraw (I have been trying for months, since January 2024) and today I have been blocked from their site. Thankfully I didn't invest much. Be warned!

10 February 2025
Unprompted review
Rated 1 out of 5 stars

Worst trading app

I used this platform for trading in india, now the app has been wiped out and my USDT got stuck, not able to withdraw, support is not responding, bad experience, I hope some one send them legal notice for this kind of experience.

1 January 2025
Unprompted review
Rated 1 out of 5 stars

I just found out that my previous…

I just found out that my previous review was deleted for no reason .. maybe being too sincere is not allowed here, I don't know .. and what's more sarcastic, that the company left a review after months asking for contact info to fix the problem :D .. quite funny .. I leave another review here, and hope no one deletes this as its 100% based on my negative experience with them ,. and hope this helps others stay away from companies like this

27 February 2025
Unprompted review
Rated 1 out of 5 stars

Coinsbit is not helpful on withdrawal

Coins it is just not where someone should expect to ever see the money they have in there . I have tried for about 4 months to get my small amount of money from them and it never allows it to go through . I have written to customer service ( a misnomer) about 6 times and now my crypto is locked up from a withdrawal that never went through almost two months ago. Be wise and stick to a company where you can deposit , invest and then be able to withdraw .

26 February 2025
Unprompted review
Rated 1 out of 5 stars

Is there any way that Coinbit.io can be…

Is there any way that Coinbit.io can be reached?Support email doesn't respond and I'm suddenly blocked from their website. This happened after I tried to reach them several times about a (big!) withdrawal from my wallet that kept 'pending'.. The withdrawal still (after months) hasn't come through.. Big scam.

20 December 2024
Unprompted review
Rated 1 out of 5 stars

I have invested with Coinsbit for over…

I have invested with Coinsbit for over a year now and I tried making several withdrawals, but the withdrawals were delayed and later cancelled. To-date (25/12/2024) I have yet to receive those withdrawals. These withdrawals were made in July, August and September 2024. From this experiences I would NOT recommend Coinsbit to anyone!

25 September 2024
Unprompted review
Rated 1 out of 5 stars

Coinsbit Crypto Exchange is a con!!

I began dabbling into crypto 4 or 5 years ago and learned the hard way that not all exchanges are honest players in this ecosphere. This takes me to a crypto exchange doing business as Coinsbit, I believe in Estonia (I have nothing against Estonia). About the time I started buying coin, regulators in the US began aggressively baring their citizens from trading with certain exchanges in various parts of the world. Was this due to regulations? Politics? I have no idea, but there were several exchanges I'd been using that suddenly I could no longer patronize, Coinsbit was one of them. Kucoin, Binance (before Binance US), Bitrue, just to name a few, all notified me I could no longer "trade" on their respective exchanges. The aforementioned exchanges did the honorable thing and gave me ample time to access my crypto so I could transfer my holdings. I have no issue with those exchanges and only hope someday I can use them again, especially Bitrue and Kucoin as they're amazing!!

One day, after several weeks of using Coinsbit without issue, I noticed a caption they'd placed in super small tiny little writing when I logged in that I could no longer use their exchange due to issues of my residency. No big deal, I thought at the time, I'll simply transfer my funds out to another exchange. All the other exchanges rightfully allowed me to do this, but Coinsbit not only halted my ability to trade on their exchange, they locked my account completely and I couldn't retrieve my funds. From what I recall, I had some Ethereum and BNB coin worth around $1500 back then. Of course that was when those coins were exponentially less expensive than they are now; maybe triple or quadruple that, or more?? Initially, I was able to get into the account to see balances, but after a matter of days I couldn't even log in. Now, I can't even bring up the exchange up on Google for some reason.

I attempted reaching out to them with no response at all. Several weeks ago I wrote a review on Pissed Consumer.com and they forwarded my issue to Coinsbit. I was notified by Pissed Consumer via email that Coinsbit received the forwarded message. That was several weeks ago and I haven't heard a thing from Coinsbit. As I relayed in my other review, I doubt I'll hear anything back from Coinsbit, but It's now become a mission for me to write reviews anywhere I can to warn folks not to do business with those thieving crooks. Now I'm seeing examples everywhere from folks who've had the exact experience with Coinsbit. I implore anyone who has a similar experience on any exchange to get the word out and warn others before they fall victim to these scammers.

3 December 2024
Unprompted review
Rated 1 out of 5 stars

Scammer exchanges

Scammer exchanges. Absolutely scammer exchange. Not recommended. Stay away from this exchange. Scammers, just scammers.

25 October 2024
Unprompted review
Rated 1 out of 5 stars

I would advise anyone not to waste…

I would advise anyone not to waste their time here, Their support team is just like talking to the man in the moon. It's completely out of this world—unresponsive, if you would say. And I am aware of many friends who have faced similar issues. Honestly, they deserve less than one star to rate their service.

On the other side-Infinity Metrix, proven much more better. Pay out is quick and live support is responsive

8 October 2024
Unprompted review
Rated 1 out of 5 stars

I am glad I read all the negative…

I am glad I read all the negative reviews. I have experienced the scam crypto exchanges are on the rise.
Beware out there; some tips to invest in Solid exchanges but always check google reviews, Trustpilot reviews before investing.

4 October 2024
Unprompted review

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