Top 10 Questions Asked About Coinsbit India
As the Indian cryptocurrency market expands, the recently launched Coinsbit India looks to become the go-to destination for traders and investors of all levels, offering a state-of-the-art trading platform, high-grade cybersecurity, and a seamless user experience.
Coinsbit India is currently running the biggest AirDrop in India’s history to date for its CIN Token. Below, you can find the most pressing questions about the exchange, ranging from its history, how users can participate in the AirDrop, and everything they need to know to start trading on Coinsbit.
- What is Coinsbit India?
Coinsbit India is an Indian cryptocurrency exchange. They operate in compliance with the guidelines and regulatory framework set out by the government of India at all times. Coinsbit India looks to bring service, reliability, and convenience that cannot be matched by any other platform, bringing to India one of the world’s largest cryptocurrency exchanges.
Coinsbit India is part of the Coinsbit Global family. Since its inception in 2015, Coinsbit is an award-winning crypto exchange and one of the most trusted exchange platforms for cryptocurrency traders worldwide. They account for millions of daily active users, which is a testament to their service and best-in-class safety practices. Coinsbit does daily transactions worth 2 billion $/day and has a user base of around 6–7 million clients.
2. Who are the team behind Coinsbit India?
Coinsbit India’s team are experts, investors, blockchain enthusiasts in Bitcoin and crypto, and consultants who started investing in Bitcoin & other cryptocurrencies in 2014. The team has vested their direct interest in India’s operation, so it can be said that they clearly understand the role of cryptocurrency exchanges and the technology behind them: blockchain.
The executive team is formed by Ravneet Kaur, CEO; Rahul Agrawal, Co-founder & Investor; Akshit Khanna, CMO; Ketan Surana, CFO; Nikolai Mykola Udianskyi, Co-founder Coinsbit Global; Bohdan Prylepa, CTO.
3. What are the benefits of using Coinsbit India?
Coinsbit India offers seamless trading experience for its users with state of the art infrastructure. The expert team behind Coinsbit India are bringing the following benefits for investors:
- The lowest trading fee in the country,
- Highest liquidity
- High performance: trade transaction processing of 10000/sec
- Safety at its core: 95% of users fund will always be stored in cold storages
- Supporting top cryptocurrencies and bringing the best blockchain project into our exchange
- Will be India’s first Crypto exchange that would provide telephone — IVR customer support
- Lending, Borrowing & Staking of best cryptocurrency at best rates
- Launching India’s 1st e-commerce store where one can buy almost anything through cryptocurrency.
- Margin accounts with liquidity up to 10x and futures account with liquidity up to 25x initially and lots more.
- DeFi Platform
- NFT Platform & many more
- The Biggest AirDrop In India
Coinsbit’s goal is to develop the latest technology. All projects that are listed on our exchange are tested by our specialists. We aim to introduce a smartphone application for your convenience and constant access to the market and your assets.
The platform has been created to position itself as a leading player in Indian’s cryptocurrency market, which is just beginning to take shape at a serious level. Users’ confidence has always been the most important thing for Coinsbit. It is thanks to this confidence that we entered the top largest exchanges in the ranking of CoinMarketCap and CoinGecko. We know how to achieve peak goals and what service is needed for this. Coinsbit is also known for our security, offering the latest security systems and firewalls, storing assets in cold wallets and painstaking work give us the right to be called a truly safe exchange.
4. How do I register?
Right now, Coinsbit India can be accessed only through our website: coinsbit.in. Our team is actively working on the Mobile applications, but there is no specific timeline for them at the moment.
5. How secure is Coinsbit India? Is it law compliant?
User protection is a priority for Coinsbit India; they hold a security certificate from an independent evaluator making them India’s Most Safest Exchange. Their security department works every day to improve and develop the security of the platform. The latest security systems and firewalls, storing assets in cold wallets and painstaking work give them the right to be called a truly safe exchange.
Cryptocurrency is legal in India and they operate in compliance with the guidelines set out by the government of India at all times. KYC is key for Coinsbit and users will have to identify themselves using a Driving License, Passport, and National ID as per the country’s regulatory framework.
6. What is the CIN Token?
Coinsbit India has launched a new token — Coinsbit India Token (CIN) as a service token. This asset gives users access to unique features on the exchange, as well as additional bonuses and privileges. CIN Tokens will only be issued to participants of the referral program and new users who register on the platform.
The idea behind the token is to optimize the user experience and provide their clients with access to the many advantages of the exchange.
7. How is the CIN Token kept stable?
In order to inspire user confidence, the team has implemented measures to maintain maximum CIN stability: of the total amount of tokens earned through the referral program, only 5% will be credited to the user’s balance. The remaining 95% will go into staking at 3% per month. This 7% will be unfrozen and available for use when needed. Each week, 0.75% of the total (100%) tokens earned through the referral program will be released.
This is a great opportunity to safeguard the price of CIN tokens and also the users can use them as a means of paying the trading fee, or sell them, or save them and receive more profits in the future.
8. How do I take part in the AirDrop and how can I register?
Users only need to register on Coinsbit.in, complete their KYC, subscribe to their social media channels, and then invite friends. We work round the clock to approve KYCs. Normally, all the KYCs are approved within 24 hours. Please be patient and your KYC status will be updated.
The bonuses and rewards that the user can receive during the airdrop are hard to miss. Every user will get 200 USDT in tokens just for registration and completing their KYC on Coinsbit.in. Coinsbit India currently accepts a Driving License, Passport, and National ID as part of their KYC program.
9. What are the benefits of participating in the AirDrop?
Furthermore, for every invited friend who registers on the exchange, participants will receive CIN tokens in a massive 5 level referral structure program:
Level 1–1000 CIN Token (~$100)
Level 2–500 CIN Token (~$50)
Level 3–250 CIN Token (~$25)
Level 4–100 CIN Token (~$10)
Level 5–50 CIN Token (~$5)
Likewise, the most active users with the largest referral base will receive generous rewards. In total, the exchange has prepared 5 prizes in CIN tokens:
1st place — $5000 USDT;
2nd place — $3000 USDT;
3rd place — $1000 USDT;
4th place — $500 USDT;
5th place — $300 USDT.
10. How long will the airdrop offer be available?
The airdrop offer will be available from 09/04/2021 to 09/07/2021. The initial value of the CIN token will be $0.10 with a total supply of 100bn tokens.
About Coinsbit
Coinsbit India is a joint venture between Cryptic Coinsbit India and Prof-it Limited, intending to bring the best cryptocurrency exchange platform to India. With its headquarters in Estonia, the popular cryptocurrency exchange platform has a reported user base of 5 million users and a monthly transaction volume of around $30 billion-plus USD. It was named the best 2018 crypto exchange at Asian Blockchain Life, 2019.. Their strengths include well-timed order execution, local market insight, and multi-tier crypto asset security management bringing a full suite of services that a blockchain and a global exchange provide to the users.
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