Website Review : SCAM or LEGIT? Review SCAM or Legit?

no records


- Advertisement - Review SCAM or Legit?


User management: Web
Company transparency/support: Not Legit
Payment options: BTC 
Reward type/share/pool: N/A
Cost electric power per TH/day (btc): N/A
Contract price per Th (btc): Starts from 0.001 
Earning return: 2.4% to 3.5% daily for lifetime

User Review
0 (0 votes)

(classified as HYIP)

A pretend to be a cloud-mining service when you are just yet another HYIP site.


  • none


  • No computing power displayed 
  • Only Bitcoin payment option 
  • Unrealistic plan 
  • No images or videos  mining rigs 
  • No real business model

Disclaimer: This site is a category HYIP (high-yield investment program) and will pay only for a certain time. As for all HYIP websites, this can change any moment and we need to stress to you that deposit to such sites is not recommended unless you like to gamble with your money at your own risk.


There is almost no information about Coinbit in the public domain. The company, too, has provided very limited information about themselves on the website. They have not even said who owns them, where are they located, where are their mining data centers, etc. Coinbit only claims to be into the cryptocurrency mining business. They did not give any proof to back their claims though.  The following information is available on their website:

“CoinBit is a team of professionals, entrepreneurs, network marketers, and geeks of programming. The company’s mission is to launch a very simple business around a very complex industry.

CoinBit suggests starting to earn passively, taking advantage of the company’s experience in mining Bitcoin and other crypto-currencies. CoinBit is a community of people who have come together to support Bitcoin and other digital currencies, which have their differences and advantages, their complexity of mining, their price and services.

By investing in the development of software and hardware, CoinBit contributes to solving problems with unconfirmed transactions and increasing the hash of the Bitcoin network. Investing in Bitcoin differs from any other type of investment since Bitcoin is able to behave both as a resource and as a currency. This, like a completely digital entity, makes it something completely new in the financial world.”

Investment Plans

Coinbit has only one plan for investors. 

  • Minimum Deposit: 0.01 BTC
  • Interest Rate: 2.4%-3.5% 
  • Investment Period: Lifetime
  • Min-Max Deposit: 0.001 – 1 BTC


It’s the norm among cryptocurrency mining service providers to show the computing power along with their plans. Yet, did not even mention anything about computing power. This is odd and a major red flag. 

Throughout our research for Coinbit review, we did our best to uncover information about the owners of along with the information about their mining data centers. But it is not available. Their website is also worst in terms of user experience.  It is not a friendly website at all. There are way too many red flags when it comes to Hence, you should only invest in their plans after thinking through them multiple times. Our rating for is lowest at 0.5 out 5.0.

Disclaimer: @hashant has no connection to the sites we performed reviews and has not invested in any of the sites we perform a review on and we will never endorse or recommend you to invest in any of this sites. A review is made to help you find a good site among the many. Still, there are no guarantees that the site will perform well over time or are truly legal.

You can ask us to make a review on a particular website. To do so please leave a comment and the site URL on our suggestion page.


Notify of
Oldest Most Voted
Inline Feedbacks
View all comments

Recent Comments

Amazon Integrates Ethereum and DeFi on their own Blockchain

Ethereum's wild bull run is imminent after Amazon integrates Ethereum and DeFi on its blockchain service. To the moon...

Its official, Elon Musk has chosen Dogecoin as the peoples’ money

Everyone is holding onto their breaths waiting for confirmation from Elon Musk about which cryptocurrency he supports as people's...
- Advertisement -

You might also likeRELATED
Recommended to you

Would love your thoughts, please comment.x