Cryptocurrency exchange CoinsBank
CoinsBank Cryptocurrency Exchange is a British cryptocurrency trading platform that was founded in 2016 under the name BIT-X. Initially, the BIT-X project was conceived as a service for the delivery of prepaid cards for cryptocurrencies, but over time it began to provide exchange services or, as the English-speaking resources say, cryptocurrency exchange services. Coinsbank’s official website is located at coinsbank.com and has an English-language interface.
Registration at Coinsbank
To start registration on the Coinsbank exchange, you need to go to the official website and click on the “Sign Up” button, after which you will need to enter registration data – phone number and password. After ticking the agreement with the exchange rules and clicking on “Create Account”, an SMS will be sent to your phone with a code to confirm the phone number. Having entered the password from SMS in a designated field, you need to click on the “Confirm” button.
Right after that, CoinsBank will offer you to make your account more secure by connecting 2FA. If you already have the Google Authenticator application on your smartphone, then click on the blue button and scan the QR code.
If the application is not available on your smartphone, then go to Google Play or the App Store and do the same. Now, every time you enter the Coins Bank exchange, you will need to enter the password from the application.
Verification at Coinsbank
Composing this review, we read a lot of reviews about the Coinsbank exchange and highlighted the trend of poor reviews about the resource, in which users spoke negatively about the resource due to its attitude to account verification. Therefore, we recommend a responsible approach to this process and go through all levels.
Verification at Coinsbank consists of 4 stages, therefore, in order to avoid problems with the withdrawal of funds from the Coinsbank exchange, we recommend that you go through all 4 stages.
At the 1st stage of verification, you need to provide your personal information – name, email. Mail, date of birth, and at the second stage, these data will need to be confirmed using your documents.
Each subsequent level will consist of providing more information about your person and the origin of the money that you start on the exchange.
Top up balance at Coinsbank
You can top up your Coinsbank account and start trading with Level 1 verification. Coinsbank deposit replenishment is available in two cryptocurrencies (BTC and LTC) and 3 currencies (GBP, EUR and USD). To proceed to replenish the balance, you need to click on the logo of the exchange in the upper left corner, after which you will be taken to the main page where you can choose the currency to replenish.
The replenishment of the deposit in bitcoins on the Coinsbank exchange takes place in the same way as on other platforms. Click on the box with the BTC 1 table of contents, scan the QR code or click on it and copy the wallet address. After that, pass this address to the place where the bitcoins will be sent from. You can use exchangers for this.
You can top up your Coinsbank account with fiat money through various payment systems. To do this, click on the box with the table of contents USD 1 and select the option that is most suitable for you.
For each payment system, there is a fee size:
- Qiwi – 5%;
- Perfect Money – 10%;
- Debit / credit card – 3%;
- Bank Transfer – 0%.
To replenish your account through the last 2 options, you need to have level 3 verification.
Trading on the Coinsbank Exchange
Coinsbank is not famous for a large number of trading instruments, so it is not very popular among traders. But, Coinsbank has its own target audience, and they are bidding for $ 46 million. To switch to trading on Coinsban, you need to click on the “TRADING” tab in the top menu of the exchange.
To switch the chart of a trading pair, you need to click on the button that displays the quote on the current chart, after which a window with all available options will open. As you can see, there are 10 pairs for trading at Coinsbank. All of them, with the exception of two (LTC / BTC and EUR / RUB), are mixed, i.e. Consist of cryptocurrency and currency – if you understand what we are talking about.
The window for placing orders for the purchase and sale is located on the left side of the trading cabinet. Developers, as expected, provided the opportunity to use limit and market orders.
As we said above, there are a lot of reviews on the Internet where users blame the exchange for problems with withdrawal. But, if you examine this issue in more detail, you can see an interesting fact – users make mistakes during verification, after which they encounter problems. And after talking with the support team and solving problems, they get their money back. Friends, therefore, we again recommend that you undergo verification on any resource before making your money there.
That’s all, in the end I would like to note that the Coinsbank exchange has very nice and convenient functionality, which is very difficult to get confused in. If you are considering the possibility of trading cryptocurrencies in relation to fiat money, then the Coinsbank exchange will be a good alternative to forex brokers.