Coinsbit is a proven and tested platform.
5 million users already onboarded Coinsbit Global.
⚡Never been hacked since its inception
⚡Technology Audited by Hackcontrol LLP
⚡The processing speed of upto 10,000 trades per second and 1,000,000 TCP connections.
⚡More than 95% of all currency is stored on cold wallets. WAF (Web Application Firewall) - is a web applicaiton security screen that detects and blocks hacker attacks.
https://twitter.com/CoinsbitIndia/status/1384902850191446020?s=19

Hello Coinsbit Tigers! 🐯

Just wanted to say a quick thank you for cheering us on social media as we ramp up our operations day by day. We are very excited to bring you the best of what Crypto has to offer. Stay tuned & stay connected!

Ravneet Kaur, CEO Coinsbit India
https://twitter.com/CoinsbitIndia/status/1385110990803509248?s=19

A lot of interest in Coinsbit India is building up in the last few days as officially open our doors to India! So we have compiled a list of top questions which we are receiving.

👇🏽 Read them below:
https://twitter.com/CoinsbitIndia/status/1385195509107728384

1/ Why is my KYC rejected?
There could be number of reasons for the KYC failing from failed doc uploads to information provided not matching the KYC docs. All users also are receiving an Email with the exact disapproval reason, so please check to see if you need to provide us with anything again.

2/ It's been over 40 hours since I completed my KYC, when will I receive my CIN tokens?
Due to the enormous number of KYC applications, it is taking around 36-48 hours. Our team is working round the clock to get them all processed, thanks for your patience!

3/ The reason for my KYC disapproval is incorrect selfie. What do I do?
In the Selfie Option, keep the Passport/NID/Driving License in one hand and the Coinsbit word and date paper in the other hand and upload again.

Coinsbit India is bringing a massive airdrop of Coinsbit Indian Token (CIN). The ERC-20 based token will provide users access to unique features on the exchange, as well as additional bonuses and privileges. The tokens will only be distributed via the airdrop.
👇 Here's how:


Users can earn $CIN tokens in three ways:

1⃣ By registering on the platform and completing the KYC norms, users are instantly credited with $200 worth of CIN tokens.
2⃣By taking part in the 5-level referral program.
3⃣ By Staking CIN on the platform

⚡By inviting friends, users can earn $CIN tokens based on a 5-level reward system. For every friend that joins, a user gets 1000 CIN tokens worth $100.
The friend a user invites is Level 1 in the rewards chain. The levels progress as the invitee invites someone else.

⚡ For example:
1 level - $100 (1000 CIN tokens)
2 level - $50 (500 CIN tokens)
3 level - $25 (250 CIN tokens)
4 level - $10 (100 CIN tokens)
5 level - $5 (50 CIN tokens)

⚡The users with the biggest referral bases get additional prizes.
1st place - $5000
2nd place - $3000
3rd place - $1000
4th place - $500
5th place - $300

We received 1 4 0 0 0 KYCs in the last 2 4 hrs! 🎉

IMPORTANT:
⚠️There are scammers & bad actors that are looking to SCAM Coinsbit India users.
✅ Our first priority is consumer security. As such, we wanted to give a few tips regarding some of these scams.

[👇thread]
https://twitter.com/CoinsbitIndia/status/1385530659666481154

⚠️ Scammers are lurking on every popular social platform you might come across. The most common hunting grounds for these malicious actors are Telegram, Twitter & Instagram DMs & Facebook.

👇 This thread discusses some of these scenarios and how users can spot and avoid them:

⚠️1⃣ Scammers often pretend to be Coinsbit India team members or representatives. Always remember, Coinsbit India will NEVER contact you or present any kind of investment opportunities whatsoever.
Coinsbit India team members will NEVER ask you for money or cryptocurrency.

⚠️2⃣Always remember that our native $CIN token will only be distributed via our airdrop & referral program. CIN is not available on any other platform as of now. If anyone offers to sell you CIN tokens, it is definitely FAKE. Please report such accounts to Coinsbit India admins.

⚠️3⃣Telegram is flooded with scammers that would pretend to be Coinsbit India group admins. It is important that users always look for the grey admin badge next to their posts and names.
A legitimate would have the admin badge. If u spot such accounts, please report immediately.

⚠️4⃣Phishing is another popular trap set by scammers and is quite hard to spot if one is not careful enough. Always make sure you are on our official website (coinsbit.in).
It is advised to check Website SSL address & to bookmark the original website to avoid losses.

In conclusion, always join social channels that are listed on our website ONLY and do NOT SEND FUNDS to ANYONE claiming to be a part of the Coinsbit India Team.

🙏💕Stay safe and trade cautiously. Funds once lost are hard to recover.

📢 We're giving away 1 0 0 0 0 $CIN tokens in total to reward our early adopters who have done an amazing job driving so many referrals. You guys are awesome and we want to reward you! 🔥

Are you ready Coinsbit Tigers? 🐯 Let's see your referral screenshots on Twitter 😍

Please note: you can only participate on Twitter on the tweet below 👇🏽

https://twitter.com/CoinsbitIndia/status/1385568742621339650

You asked for it and we delivered! 🤩

📺 Watch the full video on how to register and log in Coinsbit India platform to claim $200 worth $CIN Tokens:

https://twitter.com/CoinsbitIndia/status/1385922670554804225

Thank you MLM Aman for featuring Coinsbit India! 😍🙏🏽

$CIN #SwitchToCoinsbit
https://twitter.com/CoinsbitIndia/status/1386618179024089088?s=20

😅🙏🏽

We are so blown away with your response, Team Coinsbit 🇮🇳🐯 We are working towards scaling our infrastructure asap.
Stay tuned, Thank you!

https://twitter.com/CoinsbitIndia/status/1386632480690561028

Following the overwhelming response to our Airdrop, we are officially launching Coinsbit India Ambassadorship Program to help further assist the community on our socials. Pls submit your application before and we look forward to working with you soon! 😍

https://twitter.com/CoinsbitIndia/status/1386672640820088836

⚡️HIGHEST REFERRAL WINNER ANNOUNCEMENT⚡️
Congratulations to the winners🐯 of our first-ever contest! We wanted to be fair and have selected winners based on the highest verified referrals. If your Twitter handle is mentioned below then pls DM us 🙏
https://twitter.com/CoinsbitIndia/status/1386687736325705729

We announced Coinsbit India Airdrop with a bang a few days ago and experienced a huge response in KYCs which resulted in a 4-5 delay processing time for most users.

So what happened & what are we doing to address this + more updates:

1️⃣ Our initial KYC processing model was a mix of manual & automatic to avoid fraud user behaviour & scams. We followed a similar launch model to most of the Indian crypto exchanges of going fully automated once the volume increased significantly.

2️⃣ Most of the exchanges at their initial launch had a KYC processing time of anywhere from 3 to 25 days. Our initial turnaround time of 24-hrs quickly stretched to now 72+ hrs after receiving an overwhelming response to our Airdrop, with each day more than 20k KYCs coming in!

3️⃣ What steps are we taking?
- We have expanded our KYC processing team by x3 folds in the initial few days of experiencing heavy volume
- We are currently in the process of bringing automation to significantly reduce the KYC processing time from 72 hrs to less than a few hrs.

4️⃣ Popular Q: how are we going to preserve the value of our token?
Given the huge response to our Airdrop, we will be reducing the airdrop value of $200 to $50 once the KYC time is reduced and all KYCs which have already been sent are processed [...]

5️⃣ We will be providing the effective date for this with a few days' notice once the KYC is automated. Please stay tuned for this! There will be enough notice period for the new users to still claim the $200 USD airdrop!

6️⃣ What's next:
- recruitment & expansion of dedicated tech & customer support (we want to hire from our community, stay tuned for official announcements)
- we will be launching fiat-to-crypto on/off ramp soon so you can start trading!
- CIN listing (after airdrop event ends)

7️⃣ Crypto community in India is THRIVING right now and we are so excited for what the future holds, for both Crypto & India post-covid. We are onto bigger things & we are so thankful for our community & their active feedback on the KYC processing time. Lets do this! 🐯🙏💫

https://twitter.com/CoinsbitIndia/status/1387007261311078403

⚡️Coinsbit Ambassadorship Program Update⚡️
Thank you for such a strong response, Team Coinsbit 🐯 we received a total of 391 submissions! We will be reaching out to the applicants shortly.

1️⃣We will be selecting 40 brand ambassadors in total (10 per platform) for each dedicated platform; twitter, telegram, instagram & FB
2️⃣There will be a second round of opening to onboard new Community Ambassadors shortly. We will be contacting the ones who have already applied & also opening the submissions again for everyone! Stay tuned!
Are you excited? We are! 😍
3️⃣Please note: we won't be able to respond to everyone. You will be hearing from us in the future for the next round of openings!


https://twitter.com/CoinsbitIndia/status/1387029971210629121

After almost $20 trillion in pandemic spending in the US alone, inflation seems inevitable. Investors are looking to safeguard their money. One obvious way to achieve that would be to buy gold. So how similar is gold to #Bitcoin, then?

https://twitter.com/CoinsbitIndia/status/1387359704871931906

🇹🇷Turkish regulators are set to introduce laws that would place various restrictions on exchanges including the need for a certain amount of liquidity as well as credential requirements for executives. The law could be implemented as early as May.
The move comes in response to two major exchanges in the country shutting down and locking user funds.

The situation in 🇮🇳 is delicate as well. We need immediate regulations for the #cryptocurrency industry now to avoid facing restricting laws in the future.

We are already witnesses to how one single regulation can restrict the industry for example the Nigerian ban or the Indian RBI ban earlier which halted progress for a while. It’s high time we regulate or risk falling behind.

https://twitter.com/CoinsbitIndia/status/1387383140851732482?s=19

Our Twitter DMs are now open! Have a KYC issue? DM us on Twitter to reduce the wait time in Telegram. 🔥🙌

“Stablecoins attempt to bridge this gap between fiat currencies and cryptocurrencies”
How can Tether and stablecoins help with Bitcoin and other crypto volatility and other problems?
👇Read here:
https://twitter.com/CoinsbitIndia/status/1387751930345127943

Ethereum’s recent rally above $2000 has sparked the idea that the number one altcoin might actually be able to replace Bitcoin and steal the spot as the number one cryptocurrency.
1️⃣ Taking a look at the market we can see that the current Bull Run is much more sustainable compared to what we have seen over the past years.
2️⃣Besides just the market capitalization, other factors like the number of active addresses and the number of public reachable nodes have also been steadily climbing when compared to Bitcoin.
3️⃣According to Messari researcher Wilson Withum, Ethereum’s net annual issuance is expected to drop following the Phase 1.5 ETH 1 to ETH 2 merger.
4️⃣While Zap Protocol co-founder Nick Spanos expects ETH to become a deflationary asset as a result of the upcoming Ethereum Improvement Proposal (EIP) 1559 upgrade.
5️⃣“This feature will reduce the coin supply and have a corresponding effect on the price, creating an attraction point for more buyers,” Spanos explained.
6️⃣A supply shortage of Ethereum could soon make it a more attractive choice as an inflation hedge, compared to Bitcoin.
7️⃣Adding to this, Bitcoin’s dominance has also fallen below 50% for the first time since 2018. This further adds to case which would ultimately lead to the event which is commonly referred to as the Flippening.
8️⃣Considering all the factors, we can't argue this is definitely an exciting time in the history of cryptocurrencies!

https://twitter.com/CoinsbitIndia/status/1388101324089159681

Hi Coinsbit Team 🇮🇳🦁 We have discovered multiple fraudulent entries & activities within the community trying to claim the airdrop. Some users have submitted multiple IDs with the same person holding different identities. Please note that duplicate accounts will be ineligible for the airdrop.

Request to our community, if you notice any suspicious behavior pls notify us!

Thank you,
Team Coinsbit

https://twitter.com/CoinsbitIndia/status/1388822401853628420?s=19

Like every other blockchain network out there, #Bitcoin also gets updated every once in a while, thanks to the Bitcoin core developers. The most recent proposed upgrade is dubbed #Taproot.

👇🏽 Your full guide below:
https://twitter.com/CoinsbitIndia/status/1389218398400245761

Retail shopping giant EBay Inc. has recently said that the company is open-minded about accepting cryptocurrencies as a form of payment.

In addition, it might also be looking at ways to get non-fungible tokens (NFTs) on its platform.

👉 "We are always looking at the most relevant forms of payment and will continue to assess that going forward. We have no immediate plans, but it (cryptocurrency) is something we are keeping an eye on," eBay said in a statement to Reuters.

👉 In an interview with CNBC, EBay CEO Jamie Iannone has made some bullish statements regarding the company's possible entry into the crypto space.
"We're exploring opportunities on how we can enable it (NFTs) on eBay in an easy way," he said.

👉 Cryptocurrencies are now being accepted by a growing number of industry leading corporations. It is high time that India takes a decision in this regard. Cryptocurrencies would soon be a major part of the global economy and we are now at the risk of falling behind.

https://twitter.com/CoinsbitIndia/status/1389528455667060740