Seriously passing up some Kyc for airdrops? How pathetic for someone who do comply for shit tokens been given.Above links given above by other members is already an enough
proof for us to know that this exchange shouldnt really be trusted.There were lots of exchangers in low rankings arent really that trust-able.So we should be careful on selecting which one.Just to think that we do have lots of top ranking exchangers then why people do still lost into the path on selecting these unpopular ones?

Do you really thing that problem with deposits and withdraws are reliable point to define an exchange..? I mean couple of years ago many people thought HitBTC was a scam exchange because of their deposit and withdraws problem (include me). But now see they still run their exchange perfectly.


Thank you for your information. I strongly appreciate it.


Yes, i think you are right. It's quite reasonable to avoid them.

Coinsbit doesn't seem much of a transparent exchange to me. In a I usually avoid these less popular exchanges, no matter how good it seems to be at face value, things can easily get messy with them. Loss of funds is inevitable. There are other better and more reputable exchanges out there that should provide your needs very well.

First reason why I would not use them is because they don’t fall within the top 10 exchange that we have in the market and which is my own strict policy to use any exchange that fall within that range because one really should be very careful with exchanges as some of them have very high volume because they are artificially created and when you use their platform for trading is when you realized this, but then, it would have been too late for you to move your money out of the exchange because of the fee they will charge you for doing so.

I prefer to just use exchange like binance and huobi for this. That is not to say that this exchange may not be great, they might be great, but I just would not use it for some personal reason which I don’t even know anything about them.

A good trader won't trade on these shit exchanges! I really feel wonder who trade on these shit exchanges, who make the volume high? Ok, coins bit has fake volume, but I don't think it's all volume is fake, at least 20% volume is real! People should avoid such fake bot volume exchange!  I used this exchange only to sell my bounty tokens, nothing else!

Noobs who are attracted by the airdrops they offer, and noobs generally think high volume means a lot of people are using that exchange, while the reality is that the majority of the volumes are fake.

The exchange.... simply by having their automated trades be repeated 24/7 without a penny of real money being spent. It's nonexistent money they just print out of thin air and that's what they generate volume with.

20% is waaaaay too much still.... 20% over $500 million is still $100 million in volume, no way they generate that much volume. I would be surprised if even 2% of their volume is real.

Yeah, it's really hard to find a new good quality project and exchange now days. 



Hahaaha... Well said brother, you earn my salute... 



No it's not like survey or something, i just asked because many new exchange are coming now days. And of course you can not trust them all. So for my trade and asset security i wanted some opinion from experience people whom know about that exchange. That's all. 




There is no doubt Binance is a top level exchange and i trade there couple of times though. The main fact is it's too much difficult to get listed a new coin in binance or top quality exchange. Specially those projects which are not able to gain much fund in their token sale. So that's why they are searching some new medium/low quality exchange for their token/coin. I have many tokens which is not get listed on binance, so sometimes you have to choose a different way for trade, doesn't matter you like it or not.

They collecting IDs for KYC verification but I don't know what will they do. If this exchange is scam I'm sure they are collecting those ID's to sell on black market or maybe they use it to scam more people or use those IDs to register to other platform or exchanges that requires ID verifications. If they are registered with your IDs they can do anything like exchange tinted or stolen Bitcoin.

Other use of your ID's can be used to make a VCC they will use the information from your ID to bind it to VCC which they can use for IM or CPA marketing and abuse the free $100 Google and bing ads.

This is what I think they will do with people's IDs. There's no exact reason why they collecting ID's but for legit exchange, they just require KYC to make sure they are dealing with real people and to avoid money laundering.

This is very new in my view because i have token "IOUX" and it was listed on this exchange but i can't deposit in it and i don't know why. The volume might be fake also because there's a second exchange wherein my token listed but the volume were very low than the volume of that exchange . What i mean had big difference  which is very suspicious in my opinion because the design itself as well seems not from professional unlike other legit exchanges.