CoinList Review – How Does This Crypto Platform Compare?

CoinList is a popular crypto platform that offers a wide range of crypto services, including a crypto exchange, staking, and DeFi lending and borrowing available via desktop or mobile app. 

In this review, we’ll walk through all of CoinList‘s crypto services so you can make an informed decision on whether or not its platform is right for you.

At the end, we’ll even discuss how CoinList measures up to the industry’s top competitor Coinbase.

CoinList Key Features

Before we dive into the details, let’s take a quick look at CoinList ‘s key features in the table below:

Key Features	Description
Crypto Exchange	Allows users to buy and sell dozens of cryptocurrencies and trading pairs
Crypto Staking	Enables users to stake their crypto assets and earn interest
DeFi Lending and Borrowing	Facilitates lending and borrowing of crypto assets through various DeFi protocols
Commissions and Fees	Competitive fee structure starting at 0.50% or 0.25% for CoinList Pro

CoinList Services

CoinList was launched in 2017 and is a well-regulated cryptocurrency platform that provides a range of services for over 10 million users worldwide. 

Its platform is designed to simplify the buying and selling of cryptocurrencies and to enable users to earn rewards through staking and DeFi lending and borrowing.

Crypto Exchange

CoinList caters to both experienced and novice traders with a wide range of assets, a user-friendly crypto exchange, and an advanced trading interface. 

Its basic crypto exchange interface provides a simple way to buy and sell major cryptocurrencies like BTC, ETH, and SOL, as well as newer tokens such as CSPR, MINA, and FLOW. 

Meanwhile, its advanced CoinList Pro interface delivers a robust crypto spot exchange designed to meet the needs of professional traders, complete with real-time market data, candlestick charts, and order books as well as market, limit, stop, and take profit order options.

Supported Assets

CoinList offers 40 cryptocurrencies for trading on its exchange. Some of the supported assets include Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Bitcoin Cash (BCH), Chainlink (LINK), and many others. 

In addition to this broad range of supported assets, CoinList Pro has an even more comprehensive list of trading pairs, with dozens of markets paired with USDT, USDC, USD, BTC, ETH, DAI, and CUSD.

Commissions and Fees

CoinList’s fee structure is competitive and transparent, with no hidden fees. 

The platform charges a 0.50% trading fee for all Buy/Sell transactions on its basic crypto exchange, which is very competitive.

However, if you transact through CoinList Pro, you will have even lower fees, starting at 0.25% for makers and 0.45% for takers.

Crypto Staking

With CoinList’s staking service, you can delegate the task of staking, generating, and signing blocks to CoinList, enabling you to earn passive income without the need for active participation. 

CoinList does not take ownership of your tokens during this process, ensuring that you retain full control over your assets at all times.

CoinList’s staking service also supports a range of cryptocurrencies, allowing you to diversify your portfolio and potentially earn rewards on multiple assets.

Crypto Assets Users Can Stake

• FLOW – Yields up to 4%
• ROSE – Yields up to 10.75%
• MINA – Yields up to 9.74%
• CSPR – Yields up to 6.8%
• T – Yields up to 12.75%
• AXL – Yields up to 10%
• BLD – Yields up to 10.9%

While Coinlist has a respectable number of options, it’s worth noting major cryptocurrencies such as ETH, ADA, USDC, and other popular assets are missing.

Nevertheless, CoinList’s staking services are very competitive and worth exploring if you are interested in the assets they support.

DeFi Lending and Borrowing

Another excellent feature of the CoinList platform is its Web 3.0 integrations.

Through CoinList’s DeFi lending and borrowing service, users can earn interest through various DeFi protocols, including Compound, MakerDAO, dYdX, Curve, and several others.

Wrap BTC and FIL Directly from CoinList

As a leading merchant of Wrapped Bitcoin (WBTC) and Wrapped Filecoin (EFIL), CoinList enables you to mint these tokens instantly and deploy them on the aforementioned protocols.

This allows users to access the benefits of DeFi protocols without having to sell their Bitcoin or Filecoin holdings.

Earn Through DeFi Platforms

By using CoinList’s WBTC and EFIL services, you can access the benefits of DeFi while maintaining full ownership of your BTC and FIL assets. 

This allows you to potentially earn interest on your assets without exposing them to the risks associated with traditional lending and borrowing methods.

Users can choose the protocol they wish to use, and the interest rates vary depending on the protocol and the cryptocurrency being lent or borrowed.

Overall, CoinList’s DeFi and Web 3.0 services offer a user-friendly and secure way to interact with the DeFi ecosystem.

CoinList Platform Security

CoinList prioritizes the security of user funds by partnering with trusted custodians and storing the vast majority of funds offline. 

This approach ensures the highest level of compliance with anti-money laundering laws in the U.S. and other jurisdictions. 

Additionally, CoinList implements multi-factor authentication (MFA), or 2FA, which adds an extra layer of security to every account. 

Overall, CoinList’s security measures provide peace of mind to users, knowing that their funds are protected by industry-standard practices and robust security protocols.

How CoinList Compares to Coinbase

CoinList and Coinbase are two popular cryptocurrency platforms that offer similar services. However, there are some notable differences between the two platforms.

Coinbase is a well-established platform that has been around since 2012 and offers a broader range of cryptocurrencies than CoinList, including many lesser-known coins. 

In terms of fees, CoinList’s basic Buy/Sell exchange charges 0.50% across the board 0.25%/0.45% for maker/taker fees, which is slightly better than Coinbase’s 0.40% 0.60% maker/taker fee structure.

For staking, Coinbase has slightly fewer options than CoinList, but it includes more popular assets, such as USDC, ETH, and ATOM, which arguably makes it a more appealing service.

As for DeFi and Web 3.0 features, Coinbase is a clear winner with dozens of dApp integrations and a more developed interface for utilizing them.

In short, CoinList is an excellent lower-fee option for both traders and investors, but Coinbase is a more established platform that offers a broader range of crypto services. 

Conclusion: CoinList Review

To quickly summarize, CoinList is a cryptocurrency platform that offers a range of services, including a crypto exchange, staking, and DeFi lending and borrowing. 

Its user-friendly platform simplifies buying and selling of cryptocurrencies, with competitive and transparent fees, and supports a respectable selection of cryptocurrencies and trading pairs. 

Overall, CoinList is an excellent option for traders and investors looking to buy and sell cryptocurrencies, stake their crypto assets, and earn rewards through DeFi lending and borrowing, but it might not fully measure up to the likes of Coinbase or other top competitors.