Coinbits Reviews | Read Customer Reviews of coinbits.app

CoinbitsReviews of coinbits.app

4.375 reviews
Internet & Software
344 Grove St, Unit 854, Jersey City, New Jersey

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Coinbits

About Coinbits

As one of the oldest bitcoin-only platforms in the U.S., Coinbits offers beginner-friendly features that make bitcoin ownership accessible to people of all experience levels. With Round Ups, you can turn your spare change into bitcoin. Saving Habits let you save on a schedule and "dollar-cost-average" into bitcoin. Self Custody lets you withdraw your bitcoin to your own private wallet.Our website can be found at coinbits.app. Please don't confuse it with imitators like coinbits.com, coinbits.co, coin-bits.co, coinsbit.io or coinbits.io, which have nothing to do with us.

Coinbits (coinbits.app) has 75 customer reviews on Five Star Index, with an average rating of 4.3 out of 5.

Also known as: coinbits.app
Website: coinbits.app
Category: Internet & Software
Location: Jersey City, New Jersey
Listed on Five Star Index: 2026

About these reviews

Replies: The company replied to 40% of reviews.
Latest: Most recent review: August 2026.
Edits: Reviews are shown as their authors wrote them. The company can reply, but cannot edit them.
Score: This company cannot pay to remove reviews or change its score.

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Coinbits reviews

Showing 12 reviews with 1 star · Clear filters

Andy J P.
Aug 19, 2026
This is a well-known scam that…
This is a well-known scam that destroyed my family and have blood on their hands. Anyone involved with them reading this? Consider you and all those close to you cursed and enjoy your time in hell
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Richard
Jun 14, 2026
Frozen!
My account was frozen and is now "legacy." Fortunately, I didn't have a lot of my savings in the account. In my experience, any amount at all is too much to entrust to Coinbits.
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Debra
May 5, 2026
DO NOT USE THIS PLATFORM
DO NOT USE THIS PLATFORM. Coinbits.App is operating as a fraudulent scheme designed to steal deposits, their froze your account and refuse refunds. The Incident: On April 13, 14, and 16, 2026, I deposited a total of $8,000 USD from my linked bank account into Coinbits. The funds were successfully debited from my bank immediately. Shortly after, they permanently deactivated my account. When I demanded my refund, they sent an email claiming: 1. My deposits were "pending settlement" and would take 2–6 weeks. Fact Check: This is impossible. Standard ACH transfers settle in 1–3 business days (max 7). It has been over 11 days since my last deposit. They are lying to delay. 2. They claimed my $5,000 Bitcoin purchase "hadn't triggered," showing only $15 in my wallet. Fact Check: My dashboard clearly showed the $5,000 position. They are rewriting transaction history to hide their theft. Current Status: Despite providing proof of bank debits and demanding a refund timeline multiple times, they have refused to return any funds. They are using "internal policies" as an excuse to hold my capital indefinitely. Action Taken: I have filed formal complaints with Federal Trade Commission (FTC), the New Jersey Division of Consumer Affairs where the company is registered and my next step is to report them to the FBI Internet Crime Complaint Center (IC3). Warning: If you see this platform, stay away. They accept money, lock accounts, and then claim the money is "unsettled" forever. Do not wait for a refund that will never come. You can check Reddit, too many reviews. I’m wondering how they got the 4 stars on TrustPilot.
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Burninhell J.
Dec 25, 2025
This is a well known scam site that has…
This is a well known scam site that has been featured in the media. With all my heart and soul I hope you rot in hell and your lives are misery. You ruined my family and have blood on your hands
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Madison S.
Jun 13, 2025
I would leave 0 stars if I could, stole $5,000
I would leave 0 stars if I could. This company stole over $5,000 from me. It has been locked in a "legacy" account for over 3 years, they will not respond to calls/emails, etc. Yet constantly send me adverts to buy more. DO NOT DO ANY BUSINESS WITH THEM, RUN THE OTHER DIRECTION.
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Sindiswa M.
Feb 15, 2024
I can't get my funds on withdraw my…
I can't get my funds on withdraw my funds on Coinbits I have more than R120k funds in there but I can't withdraw them I'm scared they gonna be freezed as time goes I'm so stressed
Response from CoinbitsSep 9, 2024
We do not serve the country that this person is from. This is an invalid review that Trustpilot has wrongly refused to remove.
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Joseph R.
Jul 25, 2023
I want my Bitcoin
I want my Bitcoin. Your company should cover it
Response from CoinbitsSep 10, 2024
This person is an account holder with a company called Prime Trust. Prime Trust violated their commitment to their account holders and this person is very understandably upset. However, Coinbits was not involved in this violation in any way, shape, or form. This review should thus not be directed at Coinbits, but at Prime Trust; TrustPilot should remove this review.
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Hodl
Jul 10, 2023
Used Coinbits for about 1 year
Used Coinbits for about 1 year. Current Bitcoin is in limbo due to Coinbits using Prime Trust as their custodian.
Response from CoinbitsSep 9, 2024
Hi there, We know this is an older review but we did want to take a moment to respond. Prime Trust was a regulated custodian, meaning that it was the safest (on paper) way to hold bitcoin by a 3rd party. And yet it failed... teaching everyone a hard lesson, including us, that bitcoin not in your possession is never out of danger. The failure of Prime Trust, and the lack of oversight that it was supposed to have by authorities, hurt the entire industry. Coinbits has since rebuilt – and as always, we encourage all of our members to minimize the amount of time that their bitcoin spends with a custodian. We offer sophisticated tools to auto-withdraw your bitcoin to a private wallet that only you control – as Satoshi intended.
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