How to trade on Coinsbit Crypto Exchange?

Coinsbit offers trading and other features on its platform. Also on the home page of the site coinsbit.io It is indicated that the exchange will soon add the function P2P lending. This means that users will be able to arrange loans and lend their free assets to other traders. There is already a section prepared for using this service. There will be available a form to send a loan application or create your own loan proposal with all the details. It will also be possible to view the history of your transactions.

Trade

Cryptocurrency exchange Coinsbit offers trading terminals for selling and buying cryptocurrency. Each registered user can choose an option for themselves by examining the site’s offerings. Two platforms for trading digital assets are available:

• Advanced.
• Classic.

They differ in interface, but the functionality of the terminals is similar. They include charts, price changes for different currencies, order book. There are forms for creating limit and market orders. A list of active orders, the history of trades and orders, and a button to cancel all bids are available.

Top 5 best cryptocurrency exchanges

DEX platform

Coinsbit offers services decentralized exchangewhere you can make exchanges without creating an account. You only need to connect Metamask and start trading. In the “DEX” section of the company’s website there are fields to enter the amount and select currencies.

The first line specifies the amount to be paid and selects an asset from the proposed list. Near the field “You will get” in the list of currencies selects the one that will be credited to the balance. The amount will be calculated automatically. Also under the form will appear information about the effect on the price and commission of the liquidity provider.

OTC

Coinsbit Exchange launched a platform for transactions OTC. It allows you to simply, securely and quickly exchange cryptocurrency for fiat currency from anywhere in the world. All transactions are conducted through the platform according to the Exrow principle. OTC is over-the-counter trading, in which transactions are conducted directly between users and market makers. In this case, the transactions are made between these clients, usually assisted by third parties. The advantages of this type of trading include:

• Accessibility. Conversion is easy and fast. It is only necessary to select currencies and amounts. Exchange is constantly expanding the list of pairs available for OTC trading.
• Reliability. All transactions are regulated by the exchange, which protects users from the non-performance of the transaction.
• High liquidity. Transactions can be conducted in any amount and are not affected by market price fluctuations.
• High level of security. Transactions are conducted through the exchange account. This means that the user can be confident in the security of personal information.
• Prices. Since the quotes on the OTC platform are pre-checked, the price is always the best at the time of the transaction.
• 24/7 support. Clients who use OTC trading can contact the managers of the service through a direct communication channel. Conflicts are resolved by independent arbitration.

To conduct transactions in the OTC department, one must not only register an account, but also undergo verification on Coinsbit. Once the account verification is complete, the user can sell and buy cryptocurrency. To purchase assets, one must:

• Go to the “OTC” section.
• Click the “Buy” button. Select fiat from the list and cryptocurrency and specify the amount.

The request will result in a list of available quotes, which will be displayed in the rows below. Each of them will contain prices, transaction limits, exchanger locations, payment types, etc. In order to select one of the offers, you need to click “Buy” button next to its name.

In the window that opens, you will see the seller’s contacts for cash payment or information about cashless payment methods. To apply for a transaction, you need to accept the terms of use of the service and click on “Approve”. If you use cashless payment you should transfer money to the specified bank details and confirm the completion of the payment. If the payment will be made in cash, it is necessary to contact a representative of the exchange at the number, which will be specified when sending the application, in order to agree on the time of the exchange.

To sell assets, you need to click the appropriate button, select fiat from the proposed list and currency, specifying its amount. A list of quotes available at the time of the request will be generated at the user’s request. If you choose cash payment, the contacts of the buyer will appear in a new window, and you should contact him to agree on the time of the exchange. In case of non-cash payment you should choose the method and specify details for receipt. After refilling the specified details you need to click on the button “Received”. The exchange is constantly looking for new partners. Therefore, in the “OTC” section there is an opportunity to send an application for cooperation with Coinsbit.

Buying and selling stablocoins

The exchange offers to buy and sell stable coins. A section in the menu of the company’s website is available for such transactions. Transactions with such stabelcoins are available: USDT, BUSD, TUSD, USDC. The page for buying and selling coins shows a list of coins, the balance for each currency, and the assets with which you can buy particular stackcoins. Some you can buy for fiat, others are only available for Cryptocurrencies.

Exchange

On Coinsbit, you can make a quick exchange of cryptocurrency or fiat currency. This is a convenient way of trading for those who want to quickly convert different assets. The exchange website has a section for such a function. It has fields for specifying the amount to send and the currencies to exchange. Having specified them, you can click on “Next” and follow the service’s instructions to complete the transaction.

Codes

Coinsbit has developed another feature for its customers. This is the ability to generate codes that can be used to transfer coins to other users without commissions or confirmations. The site has a section where you can quickly create a code to transfer. It is only necessary to select the currency and specify the amount that will be received when using the code.

Steaking

Those users who have coins in their account can send them for storage and be rewarded for it. The site has a “Stacking Pool” section where a list of current offers is available with the name of the asset, minimum and maximum.

Coinsbit Launchpad

The exchange has developed a platform for launching various cryptocurrency projects. It is possible to launch your own project. To do this, there is a link to a special form in Google Forms in the section on the website with information about the service. It is also possible to participate in Token Sale. Users can buy coins directly from the creators. By investing in the project, they influence its development. After a new token is added to the listing, it can be sold, earning more than what they spent when they bought it. The site has a list of all active Token Sails. The list includes the time remaining in the offer, the price, the available currencies, the number of tokens, the start and finish. After studying all the seals, you can open the page with the option you are interested in and buy tokens.

CNB

The exchange has developed the CNB service token, which gives its holders a number of advantages. Thus, having CNB coins on the balance, one can receive discounts on commissions and increased referral fees. Once the token is added to the cryptocurrency exchange listing, it can be traded on the platform. CNB holders will also gain access to voting to be added and delisted, PRO status and exchange chat, special offers to the staking pool and customized terms on the P2P lending platform. The service will continually add other features, including payment for various company services with service tokens.