Coinlist.co Exchange Review:  Is A Safe Exchange or a Scam?

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. CoinList was originally started as an ICO investment portal, but gradually, it has grown into a platform that offers different kinds of crypto-based trades.

Its 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 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.co Cryptocurrency Exchange

To Start Trading With Coinlist.co 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 .

CoinList Pro Trading fees

Every time you place an order, the exchange charges you a trading fee. The trading fee is normally a percentage of the value of the trade order. Normally, exchanges distinguishes between takers and makers. Takers are the one who “take” an existing order from the order book. Makers are the ones who add orders to the order book, thereby making liquidity at the platform.

At CoinList Pro, the standard trading fees for takers are 0.50%, and for makers also 0.50%. This flat fee model is substantially above the global industry averages for centralized exchanges. Industry averages have historically been around 0.20-0.25% but we now see new industry averages emerging around 0.10%-0.15%. 

CoinList Pro Withdrawal fees

This exchange charges a withdrawal fee amounting to 0.0005 BTC when you withdraw BTC. This fee is below the industry average, which was 0.00053 BTC per BTC-withdrawal the last time they made an empirical study (report available here).

Accordingly, the withdrawal fees here are an edge against CoinList Pro’s competitors in the crypto exchange industry, but the trading fees are not.

Deposit Methods

In addition to depositing cryptocurrency to the platform, CoinList Pro also lets you deposit fiat currency. However, only through wire transfer (not credit or debit card).

Seeing as fiat currency deposits are possible at this trading platform, this platform qualifies as an “entry-level exchange”, making it an exchange where new crypto investors can start their journey into the exciting crypto world.

Why Choose Coinlist.io

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.