Coinsbit offers a wide range of trading pairs. The most recent orders are displayed on the company’s website. The exchange is registered as an Estonian entity under the name of ITEcosystem OÜ.
According to CoinMarketCap’s rating, Coinsbit is among the largest exchanges by reported volume. A native token of the platform, CNB, can be traded on the exchange. The line of stablecoins is featured.
The referral program is in place for customers of the platform and P2P loans have been launched recently. With Coinsbit, you also can invest in Staking Pool. Coinsbit is planning to launch its global marketplace soon. |
| Launched |
|---|
2018 |
Website: |
| Deposits |
Crypto, credit card |
| Payouts |
Crypto |
| Security |
2fa, ssl encryption |
| Verification |
Kyc varies |
SimpleFX is a trading platform supporting different classes of assets including cryptocurrency. The platform was founded in 2014. It is registered in Saint Vincent and the Grenadines. |
| Launched |
|---|
2014 |
Website: |
| Deposits |
Crypto, credit card |
| Payouts |
Crypto |
| Security |
2fa, ssl encryption |
| Verification |
Kyc varies |
Coinsbit offers a wide range of trading pairs. The most recent orders are displayed on the company’s website. The exchange is registered as an Estonian entity under the name of ITEcosystem OÜ.
According to CoinMarketCap’s rating, Coinsbit is among the largest exchanges by reported volume. A native token of the platform, CNB, can be traded on the exchange. The line of stablecoins is featured.
The referral program is in place for customers of the platform and P2P loans have been launched recently. With Coinsbit, you also can invest in Staking Pool. Coinsbit is planning to launch its global marketplace soon. | SimpleFX is a trading platform supporting different classes of assets including cryptocurrency. The platform was founded in 2014. It is registered in Saint Vincent and the Grenadines. |
| Launched | |
|---|---|
2018 | 2014 |
Website: | Website: |
| Deposits | |
Crypto, credit card | Crypto, credit card |
| Payouts | |
Crypto | Crypto |
| Security | |
2fa, ssl encryption | 2fa, ssl encryption |
| Verification | |
Live Market SentimentLive Market SentimentLive Market SentimentLive Market SentimentLive Market SentimentLive Market SentimentLive Market SentimentLive Market SentimentLive Market SentimentLive Market SentimentLive Market SentimentLive Market SentimentLive Market SentimentLive Market SentimentLive Market SentimentLive Market SentimentLive Market SentimentLive Market SentimentLive Market SentimentLive Market SentimentLive Market SentimentLive Market SentimentLive Market SentimentLive Market SentimentLive Market SentimentIt's pretty simple to choose between the two platforms. Which exchange will protect your margins? Whatever type of trader you are – whether a high-frequency volume trader trying to beat maker-taker fees, or an investor needing cold storage – an exchange becomes your partner. We will explore how Coinsbit fares against SimpleFX when it really matters.
Fees become the silent killer of any portfolio performance. Both exchanges utilize a tiered maker/taker fee model, which basically means you get lower fees for higher 30-day volumes. However, there are subtle differences – and the effect can be dramatic. Every additional 0.05% on taker fees will add up, cutting your profit margins.
Pay particular attention to fee discounts available for the native tokens issued by each exchange – sometimes these discounts can be quite generous.
Bitcoin and Ethereum can be found on every exchange. However, the competition between Coinsbit and SimpleFX happens on altcoins territory. One company will actively push obscure coins for speculative gains, the other will focus on regulatory compliance and thorough listings process. This will result in two opposite approaches: a larger but riskier catalog of coins against a safer and stricter set of coins.
Liquidity is a crucial metric for both traders and investors alike. Lack of liquidity will cost you slippage – no need to pay additional fees if the market conditions won't allow you to execute your trades profitably. Luckily for both platforms, the most common trade sizes in standard retail instruments see enough trading volume and narrow spreads.
There is no place for anonymous trading anymore. Both exchanges require KYC verification, which will unlock the possibility of withdrawing larger amounts and using various advanced derivatives.
Nevertheless, the real issue here is geography rather than personal data – due to legal licensing requirements, one of the exchanges may be blocked in your region.
No one likes sitting on a passive portfolio. Nowadays, every cryptocurrency exchange serves as a bank. Various savings programs, staking, and dual investments can provide a significant yield for any portfolio holder. Advertised APY rates vary depending on market demand but check if you will lose money on withdrawal from locked coins if necessary.
Kyc varies |
Kyc varies |
Live Market SentimentLive Market SentimentLive Market SentimentLive Market SentimentLive Market SentimentIn modern times, reputation is everything in crypto. When choosing between two options for your investment portfolio, pay close attention to the security track record. Do they publish regular proof of reserves? Do they keep most of the user funds in offline cold storage? If an exchange managed to overcome some kind of hack or incident before and compensate users – it's usually the better option.
It's difficult to find a truly universal "one fits all" approach to exchanges. In case of Coinsbit vs SimpleFX comparison, the winning choice is quite clear – you should use whichever exchange offers more obscure altcoins you wish to trade. Or maybe you're getting discounted fees for your trading tier at SimpleFX? In any case, run the calculations yourself and choose the winner.
Cryptogeek.info publishes independent, factual comparisons. Our ratings are not influenced by commercial relationships.
