Coinsbit is the first global marketplace in the history of cryptocurrency exchanges. Since then, they've built a platform that has quickly established itself as one of the most reliable options for buying consumer electronics with Bitcoin and other cryptocurrencies. As of today, over 500 million units of cryptocurrency have been purchased with Coinsbit, and dozens of brands have added their products to the platform in the past year. Today, CoinSpeaker announced that Coinsbit is launching their first international exchange. The website's test phase is open for business, and will only be available for customers.
The new Coinsbit Store is the first project in the industry that integrates cryptocurrency payments into real purchases on world-class marketplaces. Until this moment, such opportunities were provided only by several companies and were very limited both in the variety of goods and in payment methods.
Now, home appliances, electronics, and gadgets can be bought in just a few clicks. The main thing is that the buyer does not spend too much time and fees on converting cryptocurrency assets into fiat money. Coinsbit combined opportunities in a single ecosystem, so it's enough to have an account registered on the exchange with tokens suitable for paying for goods.
All of the devices and products sold on the marketplace are powered by bitcoin. This kind of innovation is only possible if this technology is used for small and medium enterprises as well. The number of companies using the CoinSpot marketplace as a business model is increasing everyday. For instance, the first professional drones are shipped out from the platform every week. To buy any new device from CoinsSpot you need to set up an account. CoinsSpot accepts all major payment systems like Western Union, MoneyGram, and Credit Card.
Among the supported tokens are stablecoins USDT, USDN, PLC, as well as the CNB exchange token. Using the new marketplace is no different from the experience of shopping in a regular online store: the same categories of goods, the same description of each position and the ability to make a purchase.
The publicly traded marketplace is designed to bring cryptocurrency exchanges to the mainstream, while at the same time providing an alternative for the unbanked that could benefit greatly from the offering of digital products. Users will be able to buy products using cryptocurrency, as well as other tools like high speed cash deposit, with no fees. Additionally, users will be able to buy with Litecoin, Dash, Ether, Bitcoin, and other cryptocurrencies.
I have never heard of Coinsbit. Thanks to your informative article now I know what Coinsbit is and what is offering. Though the overall crypto market is down for more than two years, the building process is at work. Well-known exchanges like Binance, Coinbase and other are offering more and more services now and then. New promising projects are rising every day. The crypto community is building daily which is a great thing
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