Withdrawal of funds Coinsbit

Coinsbit offers to withdraw money only to those users who have passed full identity verification. After verification, withdrawals to third-party wallets in other systems will be available. To withdraw assets from the balance on the exchange account, you need to log in to the system and go to the “Balance” page on the site coinsbit.io. It has a list of all cryptocurrencies, with the “Withdraw” button available next to the name of each. It opens an application for withdrawal of funds. In it, you need to specify the amount and the address of withdrawal.

The administration warns that cancellation of the request is not available. After identity verification, the service processes withdrawal requests within 3 hours. The form states that it is impossible to withdraw funds to a crowdfunding address or ICO, as coins from such sales will not be credited to the account.

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Limits and fees

Depending on the account verification crypto exchanges Coinsbit may also differ in maximum withdrawal amounts. If a user has KYC verification but has not set up 2-factor authentication, they can withdraw no more than $500 or its equivalent. If 2FA is enabled, $100,000 is available for withdrawal. As for the minimum, for EUR and USD it is 15 EUR and USD respectively. Commission for withdrawal of dollars is 0.4% (minimum – 2 USD, maximum – 100 USD) + ADV. For euros it is the same, but the minimum is 1.8 EUR. Cryptocurrency withdrawal fees depend on the asset. For Bitcoin this amount is 0.0005, for Ethereum – 0,006.