Coinbits Account Type

Coinbits offers a single type of account for users looking to trade cryptocurrencies. The account does not specify different tiers or levels, which often cater to various trading needs. Instead, users can access the platform with one account type that allows them to trade Bitcoin and other cryptocurrencies. The minimum deposit requirement is not explicitly stated on the website, which can be a red flag for potential users.

Coinbits Broker Account Opening Process

To open a Coinbits account, follow these steps:

• Email Verification: Submit your email address to initiate the account setup process. You will receive a verification email; click the link to continue.

• Provide KYC Information: You must complete the Know Your Customer (KYC) process by providing:

• Full legal name
• Date of birth
• Phone number
• Residential address
• Social Security Number (SSN) or Individual Taxpayer Identification Number (ITIN)
• A photo of a valid government-issued ID (e.g., driver's license or passport)
• Link a Bank Account: You need a U.S.-based bank account to make Bitcoin purchases. You can link your bank account using Plaid or manually by providing:
• Bank account number
• Routing number
• A photo of a voided check or bank statement
• Make Your First Bitcoin Purchase: After linking your bank account, you can start purchasing Bitcoin using various options available on Coinbits, such as instant buy, saving habits, or round-ups.

For more detailed information, you can visit the official Coinbits support page.