Coinsbit Cryptocurrency Exchange: Prices, Trading Volume, Spot Markets, and Pairs

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Coinsbit is a centralized cryptocurrency exchange (CEX) based in Estonia, launched in 2018. The platform has evolved into a multi-service crypto ecosystem offering spot trading, peer-to-peer (P2P), over-the-counter (OTC) services, direct crypto purchases, and a blockchain launchpad. In addition to its centralized offerings, Coinsbit supports decentralized exchange (DEX) trading, giving users flexibility across both traditional and emerging blockchain finance models.

Available in 15 languages, Coinsbit serves a global audience—though certain financial services may be restricted depending on regional regulations. Below, we explore the platform’s market structure, supported trading pairs, fee model, additional financial tools, and company background to help you understand its role in today’s digital asset landscape.

Market Overview and Trading Options

Coinsbit provides several key trading mechanisms tailored to different user needs:

For spot traders, Coinsbit offers two account tiers: Classic and Pro. While margin trading is not currently available, it is under development and expected to launch in the near future.

The exchange supports both crypto-to-crypto and crypto-to-fiat transactions. USD and EUR are the primary fiat currencies accepted, enabling users from Europe and North America to enter the market with ease. With over 150 trading pairs listed since inception and more than 90 digital assets introduced, Coinsbit delivers solid liquidity and variety for active traders.

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OTC Desk for High-Volume Traders

Coinsbit’s OTC desk is designed for institutional and high-net-worth individuals executing large trades. Built on an escrow-based system, the OTC service ensures secure transactions for both fiat and cryptocurrency assets. It provides stable exchange rates and competitive pricing, minimizing slippage on big orders—an essential feature for professional traders.

Native Token: Coinsbit Token (CNB)

Launched in January 2020, the Coinsbit Token (CNB) is the native utility token of the platform. CNB holders benefit from reduced trading fees, with discounts reaching up to 50% depending on their holdings. This incentive encourages long-term engagement and aligns user interests with platform growth.

Unlike exchanges that use maker-taker fee models, Coinsbit applies a flat 0.2% trading fee across all transactions—regardless of whether you're a maker or taker. There are no tiered levels based on volume; instead, savings come directly through CNB ownership.

Withdrawal limits vary by account type:

Crypto withdrawal fees are asset-specific and clearly listed on the platform. New users must complete verification steps before accessing full withdrawal capabilities.

Additional Financial Services

Beyond core trading functions, Coinsbit has expanded into various financial and commercial services:

Coinsbit Store – A Global Crypto-Powered Marketplace

The Coinsbit Store operates as an e-commerce platform where users can purchase electronics such as smartphones, laptops, and home entertainment systems using cryptocurrency. All prices are denominated in stablecoins like USDC, USDN, and PLC, as well as the native CNB token. This integration bridges everyday spending with digital asset usage, promoting real-world crypto adoption.

Coinsbit Codes – Instant Asset Transfers

With Coinsbit Codes, users generate one-time codes to transfer funds between accounts quickly and securely. This service incurs no additional transaction fees, making it ideal for gifting or fast internal transfers within the Coinsbit ecosystem.

Staking and Passive Income

Coinsbit supports staking across various asset pools. Users can select a preferred staking pool based on yield, lock-up period, and minimum investment requirements. Returns vary depending on the selected pool, offering flexible options for earning passive income directly on the exchange.

Decentralized Exchange (DEX) Integration

While Coinsbit is primarily a centralized exchange, it also hosts a built-in DEX. This decentralized trading option allows users to swap tokens and interact with DeFi assets without creating an account or undergoing KYC verification. Accessible via popular wallets like MetaMask, the DEX promotes privacy and self-custody while expanding the platform’s reach into decentralized finance.

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Coinsbit Launchpad – Supporting Emerging Blockchain Projects

The Coinsbit Launchpad is a crowdfunding and project incubation platform for new blockchain ventures. It enables users to participate in Initial Exchange Offerings (IEOs) and official token sales, providing early access to innovative projects. By supporting development teams financially, the Launchpad fosters ecosystem growth and gives investors opportunities to back promising startups at an early stage.

Company Background and Global Presence

Founded in 2018 by Mykola Udianskyi, Coinsbit is headquartered in Tallinn, Estonia, but legally registered in the Seychelles. The platform has grown to serve over one million registered users worldwide, reflecting strong international demand for its diverse services.

In April 2021, Coinsbit expanded into India with a local subsidiary. However, in September 2022, this branch was rebranded as CrypForce. It's important to note that Coinsbit and CrypForce operate independently—meaning trading volumes, market data, and user metrics are not shared between the two entities.

Udianskyi, formerly the CEO of Coinsbit, is known for creating the Bitcoin Ultimatum fork on the Bitcoin blockchain. He holds a law degree and studied cybersecurity at Kharkiv National University, earning a PhD in law in 2019. After selling his stake in the company, he stepped down from leadership in December 2019.

Frequently Asked Questions (FAQ)

Q: Is Coinsbit a safe exchange to use?
A: Coinsbit implements standard security measures including two-factor authentication (2FA) and encrypted storage. However, as with any centralized exchange, users should practice caution, enable all available protections, and consider withdrawing funds to private wallets for long-term holding.

Q: Does Coinsbit support fiat deposits?
A: Yes, Coinsbit allows users to deposit USD and EUR through supported payment methods. These fiat options make it easier for beginners to enter the crypto market directly from their bank accounts.

Q: Can I trade without KYC on Coinsbit?
A: While basic account creation may not require immediate KYC, full access to features like withdrawals and higher trading limits requires identity verification. However, the integrated DEX allows trading without KYC when accessed via wallet connection.

Q: What are the advantages of holding CNB tokens?
A: Holding CNB tokens grants users up to a 50% discount on trading fees. Additionally, CNB may offer benefits in future platform developments or exclusive access to IEOs on the Launchpad.

Q: How does Coinsbit’s OTC desk work?
A: The OTC desk uses an escrow system to facilitate large trades securely. Users negotiate trades directly with the desk, which locks funds until both parties confirm completion—ensuring trust and minimizing counterparty risk.

Q: Is there margin or futures trading on Coinsbit?
A: As of now, margin trading is not live but is under development. The exchange has indicated plans to introduce leveraged trading options in the future.

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