To be on the safer side, I would recommend you to avoid it. Use popular exchanges that have been there for a while.
Coinbit is said to be a sister exchange to p2pb2b, a renown scam exchange(I believe you have already seen a number of scam accusations about p2pb2b here). In fact, they have the same owner.
Here are some quotes from different members in the scam accusations board.
Why on earth would a company that claims to trade $351 MILLION a day right now yet was claiming $600 MILLION yesterday and was claiming $715 MILLION a day just two days ago would need a UK mailing address and show it on their website as "headquarter" when over 800 other companies pay 50 EURO a year to use that 3rd floor mailing address too?
https://coinmarketcap.com/exchanges/p2pb2b/
The owners of p2pb2b exchange also own coinbit exchange - they are lowest of the low pathetic scammers
I'm about to accept escrowing their campaign pending elaborations on a few more cases. This is therefore, untrue. I hope that they can amend their issues rather than condemning them for trying to.
Sure, if you are happy to proceed that way then that something you have thought through but my issue remains with the scam aspect.
Just because they might in future run a scam-free bounty campaign does not make it a scam-free project because the bounty campaign is directly related to p2pb2b being promoted.
p2pb2b2 have been selective scamming users and have been charging project owners ridiculous amounts of money to list their IEOs because they cite the fake data on CMC as the reason/proof.
The owner of coinsbit and p2pb2b is Ukrainian scammer Valerii Solodovnyk who has several other scam exchanges: https://twitter.com/AngryBeur/status/1191416253564571650
Do more background checks before transacting with them!
Coinbit is said to be a sister exchange to p2pb2b, a renown scam exchange(I believe you have already seen a number of scam accusations about p2pb2b here). In fact, they have the same owner.
Here are some quotes from different members in the scam accusations board.
p2pb2b & coinsbit
are
SCAMS !!
are
SCAMS !!
Why on earth would a company that claims to trade $351 MILLION a day right now yet was claiming $600 MILLION yesterday and was claiming $715 MILLION a day just two days ago would need a UK mailing address and show it on their website as "headquarter" when over 800 other companies pay 50 EURO a year to use that 3rd floor mailing address too?
https://coinmarketcap.com/exchanges/p2pb2b/
The owners of p2pb2b exchange also own coinbit exchange - they are lowest of the low pathetic scammers
What happened = coinsbit.io Scam exchange + Ponzi scam
Scammers profile =https://bitcointalk.org/index.php?action=profile;u=2681193
Scam thread = https://bitcointalk.org/index.php?topic=5185065
That exchange is i scam and already has a scam accusation thread created by Jollygood https://bitcointalk.org/index.php?topic=5192497
Now I found that it is not only a scam exchange. It is a hidden ponzi scheme masked under the so called Invest Box
https://bitcointalk.org/index.php?topic=5185065.msg52848969#msg52848969
Scammers profile =https://bitcointalk.org/index.php?action=profile;u=2681193
Scam thread = https://bitcointalk.org/index.php?topic=5185065
That exchange is i scam and already has a scam accusation thread created by Jollygood https://bitcointalk.org/index.php?topic=5192497
Now I found that it is not only a scam exchange. It is a hidden ponzi scheme masked under the so called Invest Box
https://bitcointalk.org/index.php?topic=5185065.msg52848969#msg52848969
We plan to create a topic in which we will analyze each complaint individually. To ultimately resolve all current misunderstandings.
We will not launch asignature campaign without escrow. Waiting for your reply
No, there is nothing you can say that would change the opinions that users have formed on p2pb2b and its sister scam coinbitWe will not launch asignature campaign without escrow. Waiting for your reply
Sure, if you are happy to proceed that way then that something you have thought through but my issue remains with the scam aspect.
Just because they might in future run a scam-free bounty campaign does not make it a scam-free project because the bounty campaign is directly related to p2pb2b being promoted.
p2pb2b2 have been selective scamming users and have been charging project owners ridiculous amounts of money to list their IEOs because they cite the fake data on CMC as the reason/proof.
The owner of coinsbit and p2pb2b is Ukrainian scammer Valerii Solodovnyk who has several other scam exchanges: https://twitter.com/AngryBeur/status/1191416253564571650
Do more background checks before transacting with them!