Overview
Coinbit launched in mid-2018, operating from Estonia and targeting global users interested in both crypto and fiat with features like staking, OTC and its own token CNB for trading perks. But today it faces serious transparency and usage gaps.
What was promised
The platform pitched a wide product set - spot trading, staking and lending along with fiat support via bank transfers and multiple currency gateways. Its native CNB token was promoted as a way to reduce fees and access token sale benefits.
What the data now shows
All major data trackers classify Coinbit as inactive or untracked. There is no visible trading volume, no order book data and no active pairs. Volume registers at zero, and liquidity appears absent.
User sentiment and trust signals
Some independent reviews in the past gave it positive marks for access to Asian markets. However, most current trust evaluation is unclear - there is little recent feedback and support channels seem unresponsive.
Features versus reality
Despite claims of liquidity, fee discounts via CNB token, staking pools and OTC trading, none of these functions are currently verifiable. The CNB token shows no circulating supply or listings. The exchange appears more like a placeholder than a functioning service.
Strengths on paper
- Supported fiat and crypto trading with staking and lending features.
- Native token CNB offered fee perks and ecosystem access.
- Designed to serve both global and local user bases.
Real limitations today
- No trading volume - public trackers show zero activity.
- No liquidity - markets appear empty.
- No token circulation - CNB token has no visible utility or trade.
- Lack of transparency - no reserves, no market depth, no visible operations.
Who it might serve if revived
If Coinbit ever relaunches with functioning markets and token utility, it might attract users seeking fiat-to-crypto gateways or incentive-based platforms. But right now, it offers nothing actionable.
Final take
Coinbit once aimed to be a multi-faceted exchange with fiat deposits, staking and token rewards. Today it remains dormant - no active trades, no liquidity, no token use and no operational data. Without functional markets or clear communication, Coinbit feels like a concept frozen in time - not a live trading venue.