April 28, 2021
Coinsbit is a centralized exchange launched in August 2018 in Estonia, the European go-to region for cryptocurrency companies. The 24h trading volume of USD is estimated at 1.6 billion and the weekly visits at 1,114,038. Coinsbit exchange provides its users with 56 different coins.
On this exchange, you can have access to the regular function of a cryptocurrency exchange as well as an OTC desk where you can execute larger trades with a quick settlement. Coinsbit charges flat fees of 0.20% for spot trading and withdrawal fees of 0.002 BTC per BTC-withdrawal. Coinsbit trading fees are lower than the industry average of 0.25% and withdrawal fees are above the industry average of 0.000643 BTC.
How to trade KGO
This exchange accepts deposits through wire transfers and credit cards, which makes it more accessible for new investors. This exchange accepts fiat currencies, but only if you deposit in USD or EUR. You can only trade KGO tokens with Tether, the most important stablecoin cryptocurrency based on the USD. If you do not own any Tether and would like to trade on Coinsbit, you will have to buy them with regular cash. There you can have access to the pairs: https://coinsbit.io/trade/KGO_USDT
Coinsbit is a centralized exchange which means that if you decide to invest and trade KGO tokens on this platform, your funds will be protected on private servers, and you will need to provide your identity and complete Known Your Customer (KYC), Anti-Money Laundering (AML), and Counter-Terrorism Financing (CFT) checks.