CoinList (CoinList Pro) Review 2024
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
- $1
- Browser platform
- Mobile application
- Early access to new tokens, zero exchange commissions for large trading volume (over 100 million USD traded)
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
- $1
- Browser platform
- Mobile application
- Early access to new tokens, zero exchange commissions for large trading volume (over 100 million USD traded)
Our Evaluation of CoinList
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
CoinList is a high-risk cryptocurrency exchange with the TU Overall Score of 2.99 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by CoinList clients on our website, Traders Union expert Anton Kharitonov does not recommend working with this broker, as, according to reviews, most clients are not satisfied with the broker. CoinList ranks 133 among 172 companies featured in the TU Rating, which is based on the evaluation of 100+ criteria.
CoinList offers standard services for trading cryptocurrency assets with a commission as a percentage of the transaction amount. The exchange also supports staking and accrues affiliate rewards and bonuses to novice users. The opportunity to work with new digital currencies, which are not available on other exchanges is among its unique offers.
Brief Look at CoinList
The CoinList exchange was incorporated in 2017 in San Francisco. It is licensed by U.S. financial regulators, operates under the Bank Secrecy Act (BSA), and participates in the Anti-Money Laundering (AML) compliance program. Today, over 10 million traders worldwide use the services of this broker. The exchange attracts both active digital asset traders and investors interested in passive income by storing different types of tokens. CoinList is also among the first exchanges to offer access to new blockchain-based products.
- licenses and cooperates with reliable custodians (i.e., third-party custodians of client assets);
- low commissions for selling and buying cryptocurrencies;
- has a wide range of trading pairs;
- opportunity to invest in new tokens, access to which may be closed on other platforms;
- no minimum deposit requirements;
- easy-to-use mobile and web platforms with a well-designed interface and TradingView charts;
- availability of referral programs and various types of bonuses;
- access to credit and loans through WBTC and EFIL.
- In some countries, exchange services are not available or their list is limited;
- all fiat currencies on the site are converted to U.S. dollars with fees deducted;
- free withdrawal is available only through ACH (Automated Clearing House).
TU Expert Advice
Financial expert and analyst at Traders Union
CoinList is an exchange for buying, exchanging, and storing, both the most common and the most recent cryptocurrencies. The site promises customers that they will be among the first to gain access to new tokens not available on other exchanges. CoinList operates under the laws of the United States and has over 10 licenses for money transactions in different states.
CoinList strives to provide maximum security to its clients' assets. The exchange cooperates only with proven third-party cryptocurrency custodians and wallet providers, such as Bitgo, Anchorage, Gemini Custody, and Silvergate Bank, among others. Traders don’t pay storage fees, and they also receive remuneration from CoinList for stacking certain cryptocurrencies.
The exchange uses multi-factor authentication (MFA or 2FA) to protect personal and payment data of clients. Part of traders' funds are permanently kept in cold storage and are covered by insurance policies of custodian partners. Clients have access to 24-hour support through the ticket system, deposit, and withdrawal of funds in both cryptocurrencies and fiat currency. At the same time, the exchange doesn’t support depositing directly from a bank card, and non-U.S. fiat currency is converted into U.S. dollars with a conversion fee.
CoinList Summary
| 💻 Trading platform: | Mobile apps for iOS and Android, browser-based version (does not require installation) |
|---|---|
| 📊 Accounts: | CoinList.co, CoinList Pro |
| 💰 Account currency: | USD, cryptocurrencies |
| 💵 Replenishment / Withdrawal: | Cryptocurrency wallets, ACH, bank transfer |
| 🚀 Minimum deposit: | From $1 |
| ⚖️ Leverage: | 1:1 |
| 💼 PAMM-accounts: | No |
| 📈️ Min Order: | 0.0001 |
| 💱 Commission: | Market |
| 🔧 Instruments: | Over 80 cryptocurrency pairs and crypto and + USD pairs |
| 💹 Margin Call / Stop Out: | No |
| 🏛 Liquidity provider: | No |
| 📱 Mobile trading: | n/a |
| ➕ Affiliate program: | Yes |
| 📋 Orders execution: | Yes |
| ⭐ Trading features: | Early access to new tokens, zero exchange commissions for large trading volume (over 100 million USD traded) |
| 🎁 Contests and bonuses: | Bonus for the first deposit, bonuses for certain actions in the trading platform |
CoinList has no initial deposit requirements. However, there is a minimum transaction amount for each asset — 0.00013 BTC, 0.0025 for ETH, $5, etc.
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Commissions & Fees
| Account type | Commission (minimum value) | Withdrawal commission |
|---|---|---|
| CoinList.co | $5 | Availability and size of the commission depend on the country of residence, selected currency, and payment method |
| CoinList Pro | $3.5 | Availability and size of the commission depend on the country of residence, selected currency, and payment method |
In addition to determining the average value of the commission, the Traders Union analysts also compared it with the fees of other cryptocurrency exchanges. The results of the conducted research are in the table below.
| Broker | Average commission | Level |
|---|---|---|
|
$4.3 | |
|
$20 | |
|
$0.1 |
Investment Options
CoinList allows clients to earn passive income. The exchange focuses on investing in relatively new blockchains rather than in popular cryptocurrencies with the highest liquidity. Traders can earn here even without active trading. It is enough just to keep digital coins from the exchange-approved list. Two affiliate programs are available as well.
Staking includes an interest-based income for storing crypto assets
CoinList customers can receive remuneration for staking certain cryptocurrencies. To do this, transfer coins to the internal wallet of the account, for the storage of which the exchange pays interest. At the time of this review, the list of currencies supported includes 9 tokens. The lowest rate (from 3.88% to 5%) applies to ALGO, CELO, FLOW, and XTZ. Interest is paid once a month.
Tokens with the highest reward value:
ROSE — 10.75%;
Threshold — 15.3%;
MINA — 16.32%.
CoinList doesn’t withhold deposit fees for staking currencies but it does charge a fee of 8-15% on accrued fees, depending on the coin. Staking fees are not available for cryptocurrencies held in CoinList Pro accounts. Also, citizens and residents of certain countries, such as the U.S. and Canada, cannot receive money for storing assets.
If you are a large investor and plan on investments over $10,000, contact us at vip-invest@tradersunion.com or by the feedback form on our website. Our professional team will take you through all the intricacies of the deal and all the steps from signing up to withdrawal of profits.
CoinList’s affiliate program:
Referral program for CoinList. After registering through the CoinList client link and after the referral transacts a buy/sell transaction of $100 or equivalent in cryptocurrency, both program participants receive $10 in BTC.
Affiliate program for CoinList Pro. Partner gets 50% of the trading commission value, which his referrals pay to the exchange within three months after registration. Referrals receive a 10% discount on commissions for 6 months.
Program referrals shall start trading within 90 days of registration, or within 30 days of an affiliate program.
User Satisfaction