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Is CoinList a Good Crypto Exchange for Beginners?

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Is CoinList a Good Crypto Exchange for Beginners?

Updated: February 08, 2025

Mikhail Vnuchkov

Contributor

Reviewed by

Olga Shendetskaya

Editor

Full CoinList
overview

CoinList's Top Features for Beginners

CoinList’s beginner-friendly features, such as a demo account, low minimum deposit, educational materials, copy trading, staking, a user-friendly mobile app, customer support, fiat deposit and withdrawal options, and low fees, were compared against the top two competitors to ensure a comprehensive evaluation.

	CoinList	OKX	Kraken
Demo account
Minimum deposit, USD or USDT	10	10	10
P2P exchange
Spot maker fee	0,25	0,08	0,25
Fiat transactions
Bank cards
Commissions and fees	5.2	9.25	6.2
Educational tools
Crypto bonuses
Staking
Copy trading
	Study review	Open an account Your capital is at risk.	Open an account Your capital is at risk.

Why We Focused on Comparing These Beginner-Friendly Features:

Demo account – Allows beginners to practice trading without risking real funds, helping them gain confidence and understand the platform.

Minimum deposit, USD or USDT – Ensures low entry barriers, making it affordable for newcomers to start trading with a small initial investment.

P2P exchange – Enables direct cryptocurrency trading between users, often with no intermediaries, providing a straightforward and accessible way to trade.

Spot maker fee – Highlights competitive trading fees for placing limit orders, which is cost-effective for those starting with spot trading.

Fiat transactions – Simplifies the process of depositing and withdrawing funds using local currencies, making it convenient for first-time users.

Bank cards – Provides an easy and familiar way for beginners to fund their accounts quickly using Visa or Mastercard.

Commissions and fees – Transparent and competitive fee structures help beginners calculate costs and avoid unexpected charges.

Educational tools – Tutorials, webinars, and guides equip beginners with the knowledge needed to trade confidently and effectively.

Crypto bonuses – Offers incentives like signup rewards or deposit bonuses, encouraging newcomers to explore trading.

Staking – Allows beginners to earn passive income on their holdings, introducing them to advanced cryptocurrency features with minimal effort.

Copy trading – Lets new traders learn by replicating the strategies of experienced traders, reducing the learning curve.

Short summary about the broker 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.

💰 Account currency:	USD, cryptocurrencies
🚀 Minimum deposit:	From $1
⚖️ Leverage:	1:1
💱 Spread:	Market
🔧 Instruments:	Over 80 cryptocurrency pairs and crypto and + USD pairs
💹 Margin Call / Stop Out:	No

CoinList Pros and Cons

👍 Advantages of trading with CoinList:

•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.

👎 Disadvantages of CoinList:

•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).

Trading Conditions for CoinList Users

Before you start working with an exchange, it is important that you evaluate its trading conditions. CoinList offers traders the following conditions.

Minimum deposit, USD or USDT	10
Futures leverage	Not allowed
Spot leverage
Coins Supported	58
Affiliate program
Replenishment / Withdrawal	Cryptocurrency wallets, ACH, bank transfer
Trading features	Early access to new tokens, zero exchange commissions for large trading volume (over 100 million USD traded)
	Study review

CoinList's Fees

We compared XXX's fees with the top two competitors to provide a clear understanding of how affordable the exchange is for its users.

	CoinList	OKX	Kraken
Spot Taker fee, %	0,25	0,1	0,4
Spot Maker fee, %	0,25	0,08	0,25
Futures Taker fee, %		0,05	0,05
Futures Maker fee, %		0,02	0,02
Withdrawal fee	0,0005 BTC 0,01 ETH 1 USDC	0,0004 BTC 2,6 USDT	0,0005 BTC

The size of commissions and fees is also an important factor of choice. Traders Union analysts have prepared a short review of CoinList commissions and fees. In this section, you will find trading fees of the exchange as well as withdrawal fees.

Information

Standard account holders are charged 0.5% per transaction in base currency by CoinList. The minimum fee is $0.25 or the equivalent in cryptocurrency. The commission level for CoinList Pro depends on the total trading volume in U.S. dollars over the last 30 days. Thus, a taker pays the exchange 0.05-0.45% and a maker pays 0-0.25%. There are no commissions for incoming bank transfers; $10 for payments within the U.S.; and $30 for international transfers for outgoing transfers. ACH transfers are free. Withdrawal fees are listed on the exchange's official website. Additional network fees apply to cryptocurrency withdrawals. The table below shows the average fee per trade turnover of $1,000.

Account type	Spread (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

Investment programs of CoinList

It is important for novice traders not only to trade actively, but also earn passive income. Passive investing can help you earn extra profit, and also compensate for the losses you may incur as a result of active trading. CoinList offers the following passive income 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.

Important!

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 thedeal 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.

Conclusion. Is CoinList good for beginners?

The CoinList cryptocurrency exchange will be an excellent choice for beginners. The exchange offers a convenient trading platform, which a beginner can learn to work with rather quickly. There is an excellent education center with a large number of materials for novice traders. Also, traders can earn passive income on good conditions. Therefore, CoinList could be considered as a good cryptocurrency exchange for a start.

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FAQ

What do I need to know about the fees charged by cryptocurrency exchanges?

The majority of cryptocurrency exchanges use the Maker/Taker fee model. As a rule, they use a multi-level system for traders that depends on the trading volume. The higher the trader’s trading volume, the lower the fees.

How do I choose a reliable cryptocurrency exchange?

Crypto exchanges mostly operate without licenses, as the majority of countries haven’t adopted legislation to regulate them. In order to choose a reliable exchange, you need to find out about its reputation and read the reviews about user experiences with it.

How many cryptocurrencies could a crypto exchange offer?

The number of cryptocurrencies on the listing of a cryptocurrency exchange may be very different. Some platforms offer less than 10, while others – several hundreds. It is important that you check the choice of cryptocurrency before registering on the exchange.

What are the risks of investing in cryptocurrencies?

Investing in cryptocurrencies carry high risks due to their high volatility. It could cause substantial losses, which is why it is important to observe the rules of risk management.