CoinList Review 2023: The Most Important Information for Traders

By
June 19, 2023

Navigating the maze of cryptocurrency trading platforms can be an intricate task. Therefore, a thorough and reliable review becomes essential. Today, we present a comprehensive CoinList review to aid your decision-making process. CoinList has emerged as a respected name in the crypto trading industry, acclaimed for its transparency and service quality.

Traders Union published the CoinList review and sought to offer traders a deep understanding of the platform’s operations, advantages, disadvantages, and overall position in the industry.

Advantages and disadvantages of CoinList

Traders Union offers an examination of the pros and cons of utilizing the CoinList platform.

Advantages:

  • Holds licenses and partners with trustworthy custodians for client asset protection.
  • Offers low transaction fees for cryptocurrency trading.
  • Provides an extensive selection of trading pairs.
  • Allows investments in new tokens, not available on other platforms.
  • Does not enforce minimum deposit requirements.
  • Features user-friendly mobile and web platforms with intuitive interfaces and TradingView charts.
  • Runs referral programs and offers various bonuses.
  • Facilitates access to credit and loans through WBTC and EFIL.

Disadvantages:

  • Certain countries have limited or no access to the exchange services.
  • All site-handled fiat currencies are converted to U.S. dollars, with conversion fees applied.
  • Fee-free withdrawals are solely available via ACH (Automated Clearing House).

Expert review of CoinList

TU experts affirm that CoinList is a comprehensive platform for purchasing, swapping, and storing a wide array of cryptocurrencies, including newer tokens. This U.S.-regulated exchange prioritizes client security and boasts multiple licenses for financial transactions.

  • CoinList provides access to both prevalent and new cryptocurrencies, promising early access to new tokens.
  • It operates under U.S. regulations and holds over 10 transaction licenses across various states.
  • Client asset security is paramount, with cooperation only with reliable third-party custodians and wallet providers such as Bitgo, Anchorage, Gemini Custody, and Silvergate Bank.
  • Traders aren’t charged storage fees, and CoinList compensates them for staking specific cryptocurrencies.
  • The platform employs multi-factor authentication (MFA or 2FA) to safeguard client personal and payment data.
  • A portion of traders’ assets are kept in insured cold storage.
  • 24/7 customer support is available via a ticket system, with options for depositing and withdrawing funds in cryptocurrencies or fiat currency.

Analysis of the main features of this crypto exchange

TU analysts have assessed CoinList based on various criteria and assigned scores to different aspects of the platform. Here is the breakdown of the scores:

  • Overall score: 3.11/10
  • Execution of orders: 3.53/10
  • Investment instruments: 3.17/10
  • Withdrawal speed: 3.47/10
  • Customer Support work: 2.95/10
  • Variety of instruments: 3.69/10

Broker comparisons with CoinList

Traders Union has compiled a list of alternative cryptocurrency platforms, serving as potential alternatives to Coinlist.

  • Bybit: Similar to CoinList, Bybit offers a range of cryptocurrencies for trading and features a user-friendly platform. It focuses on perpetual contracts and leveraged trading.
  • OKEx: OKEx, like CoinList, is a reputable exchange with a wide selection of cryptocurrencies. It provides various trading options, including spots, futures, and options.
  • Binance: Binance, like CoinList, is a popular exchange offering a vast range of cryptocurrencies. It provides a user-friendly platform and various trading options.
  • Huobi Global: Huobi Global, akin to CoinList, is a well-established exchange with a diverse range of cryptocurrencies. It offers multiple trading features and supports various trading pairs.
  • KuCoin: KuCoin, similar to CoinList, is a reliable exchange offering a wide array of cryptocurrencies. It provides a user-friendly platform and supports various trading pairs.

Additionally, BitFlyer crypto exchange is another noteworthy alternative to CoinList. It is a reputable platform known for its robust security measures and wide selection of cryptocurrencies. BitFlyer offers a user-friendly interface, and advanced trading tools, and supports both spot and futures trading. Traders can benefit from its liquidity and competitive fee structure, making it an attractive option for cryptocurrency enthusiasts.

Conclusion

In conclusion, CoinList emerges as a regulatory-compliant cryptocurrency exchange with a focus on client asset protection and access to innovative blockchain products. While it offers advantages such as low transaction fees, extensive trading pairs, and user-friendly platforms, it has limitations in terms of restricted access for certain countries and conversion fees for fiat currencies. For more information, visit the Traders Union website.