Coinlist.co Cryptocurrency Exchange Review: It Is Safe Or Legit Exchange?

About Coinlist.co

Coinlist.co is a one-stop-shop for putting crypto to work. The range of its features is quite diverse, but its primary goal is to give crypto investors access to new tokens prior to listing them on exchanges. It was originally started as an ICO investment portal, but gradually, it has grown into a platform that offers different kinds of crypto-based trades.

Coinlist main goal is to manage the compliance, technical peculiarities, and regulatory load connected with the launch of new crypto coins no matter whether these are initial coin offerings (ICO) or security token offerings (STO). Nowadays, it is a fully functional trading system that offers solutions both for individuals and companies. 

Coinlist.co is a San-Francisco-based company that was established in 2017 by a group of crypto enthusiasts that stood behind the AngelList company. The founders of the project are Graham Jenkin (CEO), Joshua Slayton (CTO), Brian Tubergen (Chief Product Officer), Paul Menchov (CTO), and Andy Bromberg (Advisor and CEO of Eco). Such an impressive team of experts managed to attract overwhelming investments for start-up capital as well as hold the largest ICO ever done when Filecoin ICO raised $257 million. 

Operating Company 

How To  Start With Coinlist Cryptocurrency

To Start Trading With Coinlist Cryptocurrency Exchange Indian Residents First Have To Sign Up For An Account By Following The Steps Below.

Step 1. Click On The “Login/Signup” Link On The Top Right Hand Corner Of The Coinlist Exchange Website.

Step 2. In The Form, Fill In Your First Name, Last Name, Mobile Number, Email ID And Password.

Step 3. If You Have A Referral Code, Enter The Code While Creating Your Account.

Step 4. Submit The Form And Wait For An Activation Email To Be Sent To You.

Step 5. Click On The “Confirm Email” Link In The Activation Email.

Step 6. After Your Account Is Activated, You’ll Be Sent A 6 Digit One Time Password (OTP), Which You Have To Enter After Logging Into Your Coinlist Cryptocurrency Exchange .

Payment options

Coinlist Cryptocurrency Exchange platform supports crypto deposits as well as accepts US dollars when it comes to fiat currencies. Crypto deposits are processed from external wallets while USD can be added by ACH transfer or bank wire transfer only.

Withdrawals

If you want to withdraw funds from the exchange, the first step is to visit https://trade.coinlist.co/settings/transfers and select the amount you want to cash out to the CoinList wallet. When you complete this step, open the account menu and select the Wallets category there. 

1. Open the corresponding wallet.
2. Click the Withdraw button.
3. Follow the instructions: enter the external wallet address to withdraw crypto or choose the payment option: ACH or bank wire transfer to get a USD payout. 
4. Enter the amount to cash out.
5. Wait for the delivery of funds. 

Fees

The transaction fee on Coinlist.co is 0.5% paid in the counter asset currency. The minimum fee is $0.25 or its crypto-equivalent. CoinList Pro users can save on fees depending on the amount of the transaction: it ranges from 0.45% for a taker with a 30-day volume up to $20k and 0.10% with a 30-day volume over $100 million. Fees for makers start from 0.25% and drop up to 0.02%. 

There is also a flat fee charged from withdrawals which is 0.0005 BTC in Bitcoin, for example.

Wire fees are absent for incoming transfers, while an outgoing US wire will cost $10 and a foreign wire – $30.

Limits

Every asset has a minimum and maximum trade amount. If you have a look at Bitcoin, it is a minimum of 0.00013 BTC and a maximum of 1.5 BTC. If you trade in US dollars, these limits are $5 and $20,000 respectively. A full list of limits for all coins is available here.

There are also limits for ACH transfers that depend on the user Tier. It is $10,000 a week for Tier 1, $2,500 a week for Tier 2, and $500 a week for Tier 3 for Instant ACH. Normal ACH transfer limits look as follows: $25,000 for Tier 1, $10,000 for Tier 2, and $2,500 for Tier 3. 

BTC wrapping and unwrapping are also fee-based. Users pay a 0.25% fee with a minimum transaction size of 0.001 BTC/wBTC.

Staking fees depend on the asset and range from 8% for FLOW to 15% for NU, MINA, and CSPR.

Features

Early

Get access to the best new tokens before they list on other exchanges.

Secure

Your funds are secure. They only work with reputable custodians and the vast majority of funds are stored offline.

Compliant

They aim to maintain the highest possible compliance with anti-money laundering laws in the U.S. and elsewhere.

Supported countries

CoinList operates in many countries with an exception of Iran, Korea (North), Syrian Arab Republic, Cuba, Crimea region of Ukraine and any other jurisdictions as determines. Unfortunately, This is not available in a number of US states including Alaska, Hawaii, Minnesota, Nevada, New York, Puerto Rico, and the Virgin Islands.

User Experience

CoinList has a user-friendly interface and quite a simple website design when you access it for the first time. You are immediately offered to join the platform or learn more about its features. The main menu is located at the top of the page where you can get quick access to the products, view an exchange, log in to the created account, or register a new one. Scrolling the page down, you can learn the benefits of this platform and the latest tokens distributed to participants. All the legal information is provided at the very bottom of the page where you can also follow the links to download mobile apps too.