Coinlist Pro Exchange Review

Coinlist Pro Exchange Review

Daniel Chan

February 13, 2022

Cryptocurrency

What is Coinlist Pro?

Located in San Francisco, California, Coinlist Pro is a developing cryptocurrency exchange. It was started back in 2017, and they have been trying to keep up with the latest in blockchain advancement. Not only that, but Coinlist Pro claims to be one step ahead of many popular crypto exchanges when it comes to promoting new crypto coins, projects, and tokens. This allows users to quickly invest their money in projects that have potential before they explode.

Aside from that, Coinlist Pro has a heavy focus on maintaining compliance with the rules, regulations, and laws of not only the US but many other countries. The platform comes in two different variants that traders and investors can opt for. Coinlist is the standard one with a few excluded options for their users, and there is Coinlist Pro, which is designed for full-fledged investing and trading for all types of customers. Of course, it is better to go with Coinlist Pro if you do not want to compromise on your trading and investing experience.

  • Web Address: www.coinlist.co/pro
  • Main location: San Francisco, USA
  • Cryptocurrencies: BTC, ETH, SOL, FIL, ALGO, and 40+ more
  • Fiat Currencies: USD
  • Deposit Methods:  Wire Transfer, ACH, Cryptocurrency
  • Deposit Fees: Free
  • Trading Fees: Maker: 0.25%, Taker: 0.45%
  • Mobile app: Yes

My Overall Thoughts on Coinlist Pro

Coinlist Pro is an excellent exchange for both beginners and advanced traders, with plenty of features such as staking, crypto lending and high levels of security. There is a lot that Coinlist Pro offers, and here are the top 3 things that I like:

1) New projects listing on the platform:  To allow their users to quickly invest their money into new and potentially better projects, Coinlist Pro tries to bring the latest projects right away to their platform. If you like to get on board early with new crypto investments, you will enjoy using Coinlist Pro.

2) Efficient trading:  With the availability of fast and efficient spot trading, users can enjoy almost all of the professional features they would need. There are even options to customize the charts, add indicators, and trade as per their preferences.

3) Beginner-friendly platform:  Simple-to-use features and options are a blessing for any amateur trader. Coinlist Pro is a platform that takes care of this aspect quite well. Anyone can easily start their trading and investing journey without getting confused, and when they are ready to progress, there are plenty of professional tools available.

Some users complain that Coinlist Pro does not accept credit or debit cards. This is a small disadvantage, but there are other convenient methods of depositing, such as wire transfer and ACH.

Key Features & Advantages of Coinlist Pro

Coinlist Pro has almost any feature a trader or investor would want. This is not because they have been in the industry for long, but because they continually try to keep up with the latest blockchain technology efficiently. You can take a brief look below to find out what Coinlist Pro offers to their users and what the key features are.

Negatives & Disadvantages of Coinlist Pro

There is definitely no crypto exchange in the world that comes without any negatives. Every platform will have a few flaws that can either be removed or improved in order to offer their users a reliable experience. When it comes to Coinlist Pro, these negatives are mentioned below:

What Services does Coinlist Pro offer?

As I have stated earlier, Coinlist Pro is a feature-filled platform trying to keep up with the demands of traders and investors. Aside from just standard buying, selling, and trading, they keep other aspects in mind, too, that can be essential for fully-fledged trading and investing.

If you want to thoroughly understand what Coinlist Pro offers, you can read on to find out in full detail.

Access to popular and new cryptocurrencies:  One of the major concerns for traders and investors is that they do not get access to new cryptocurrencies and projects that have the potential to grow in the future. This, of course, binds them to invest their money in the same old projects that are already popular or the ones that have lost any large potential gains in the short term.

If we talk about Coinlist Pro, the exchange takes care of all types of traders and investors. It does not matter if you want to play safe or invest your money in new projects; you can find all types of cryptocurrencies at Coinlist Pro. They also try to add new coins before other exchanges so that users can get their hands on the tokens first, at a dirt-cheap price. Of course, almost all of the popular cryptocurrencies are already available on the platform, and you can invest in them too.

Easy, fast and hassle-free crypto buying and selling:  This is the particular feature that is not only useful for beginners, but experienced investors too. Simply put, no one wants a troublesome experience when they just want to buy a crypto asset from an exchange. It should be easily purchased like any other product on the internet.

On Coinlist Pro this is possible, with the crypto buying and selling experience made easier than ever. Users just have to deposit funds into their account, whether fiat or cryptocurrency, then simply head to the buying and selling section and get on with the whole process within seconds. In just a few clicks you can be the proud owner of the crypto tokens or coins you desire.

Mobile apps for iOS and Android:  If there is one thing that the current generation simply can’t spend their day without, then it would surely be mobile phones and the internet. If you take a look at what benefits smartphones have offered to people, you would know how easy everything has become. When it comes to crypto investing and trading, you need to be able to access your crypto exchange on a mobile app, to keep a pulse on what is happening.

Thanks to the Coinlist Pro tech developers, we have access to dedicated mobile apps for iOS and Android devices. They can be easily downloaded from their respective stores. If you are wondering what you can do with the Coinlist Pro mobile apps, you can sell and purchase assets, stake, hold, or convert your tokens with ease. All of these options will be available right within your mobile, and you just have to log into your account to get started.

Advanced and accurate trading experience:  Coinlist Pro has partnered up with TradingView, a service that offers accurate, precise, and fast trading charts of hundreds of cryptocurrencies. This aspect actually exterminates the doubt of inaccurate data, slow data processing, inaccurate order placing, and other similar issues. You can place buy or sell orders within seconds and keep track of the order book available on the right side of the trading screen.

If we talk about how one can customize or adjust the trading charts, then there are a few options, to begin with. Firstly, you can customize the candles and transform them into bars, hollow candles, lines, and other available options. You can also select the chart’s time period of any particular asset and evaluate it as per your preferences. If you want even more advanced trading experience, you can integrate indicators from the indicator library provided. In case you want to keep track of the market movements, sudden changes, or you simply want to compare different assets, you can even take snapshots and save them on your device. 

Quick crypto conversions:  Users can easily convert their existing cryptocurrencies into another coin they want. Not only that, but if you convert your BTC into wrapped BTC, i.e., WBTC, you can even take part in the Coinlist Pro DeTi hub. Coinlist Pro claims to be one of the largest WBTC merchants on the whole internet. They allow their users to instantly mint WBTC along with EFIL, that is, Wrapped Filecoin. Lastly, you can deploy it into any of the top DeTi protocols available.

Beginner-friendly UI and platform:  Coinlist Pro is a very beginner-friendly platform that literally anyone can use. The best thing is, you won’t even need to know or understand complicated terms or options as everything available is simple and defined. All you have to do is visit the Coinlist Pro website, signup, enter your complete and authentic details, verify your identity, and boom, everything is done!

After completing the sign-up process, you will be redirected to your personalized dashboard, from where you can access everything. You can quickly buy and sell assets from there, check out your portfolio, trade, and do much more without hassling yourself with other things. In case you want to check your account or profile, you can click on the account icon available at the very top right corner of the website.

Crypto lending made possible:  If you are looking to obtain a crypto loan, Coinlist Pro can help you out in this regard. The only thing is, you don't have a wide variety of crypto assets to choose from. Coinlist Pro currently only supports the lending of Filecoin to get their users started. You can always trade your Filecoin for other cryptocurrencies and carry on your trading and investing activities.

Coinlist Pro offers different types of loan plans in terms of the time period. This is what you have to check when opting for a loan so that you won’t face issues in the end. Users have to pay the interest payments at the end of each month, or else their contract might be terminated, or any other action can be taken against them.

Staking rewards for several crypto assets:  Coinlist Pro offers their users seven different cryptocurrencies to stake through their account. Each crypto asset comes with its own duration and interest rate you will receive. If we talk about what cryptocurrencies you can stake at Coinlist Pro, then they are ALGO, CELO, FLOW, ROSE, CSPR, MINA, and VEGA. Coinlist Pro will likely add other coins too, depending on market conditions and the benefits. As of the time of writing, users can earn up to 16% yearly yield on a single coin which is quite fascinating.

Referral rewards for extra earnings:  If you think staking is not enough to earn some extra bucks, you can jump into the Coinlist Pro referral program and refer the platform to your family and friends. With each referral, you can earn $10, but you will have to consider the rules and terms too. You will only earn the referral amount if your referral buys or sell $100 worth of crypto in a single trade. If your referral doesn’t make that trade, you will not receive anything.

Extensive knowledge hub:  Yes, Coinlist Pro is a very beginner-friendly platform, but they do not just stop there. In order to educate new traders and investors or help them with their questions and queries, there is a whole knowledge hub available for users to access. In order to access the Coinlist Pro knowledge hub, you can simply head to the blog section of the platform. That is where you will find all of the articles, which will include informational posts, guides, how-tos, and much more, right in one place. If you still have doubts and questions even after checking out the knowledge hub, you can contact the Coinlist Pro support team via email and wait for their response.

Secure, safe and compliant with regulations:  If you visit Coinlist Pro, you will notice one point that the platform focuses on quite a lot - the security, safety, and level of compliance. They have acquired licenses from many US states to provide their services legally to US residents. The same case goes for the other countries too, and for the countries where they could not get licenses, they have mentioned those on their legal page.

What I don't like about Coinlist Pro

Considering Coinlist Pro to be a perfect platform would surely not suit it. There are a few things where the exchange can improve, or bring changes to deliver what the users want. These are a few points that I don’t really like about Coinlist Pro:

USD is the only fiat currency supported:  Coinlist Pro only supports one fiat currency - USD, and this may not be suitable for every trader or investor. Users won’t be able to deposit or trade using their local currency if they are not from the US, and there is no P2P market available to make it possible. 

Credit and debit cards are not accepted:  Credit and debit cards have surely made online payments very easy and convenient as they are secure, safe, and instant. However, Coinlist Pro does not allow their users to buy cryptocurrencies using credit or debit cards. 

No live chat support:  If you are OK with waiting for hours to get a reply to the question you asked, then you might not be affected by this negative aspect. But as we all know, we live in the age of technology and efficiency. The era of long waiting times has gone, and everyone wants their problem or question to be solved quickly. Coinlist Pro doesn't offer live chat support, and you have to go with the old-school method of emails. 

Coinlist Pro Fees

Coinlist Pro Deposit Fees

Coinlist Pro does not charge their users for any type of deposit. It does not matter if it is wire transfer, ACH transfer, or crypto deposits, you will not have to worry about paying a hefty fee just to deposit funds into your account.

Coinlist Pro Trading Fee

The trading fee at Coinlist Pro starts at 0.45% and 0.25% for takers and makers, respectively. The good thing is, you can bring it lower if you trade a lot and past a specific amount in the past 30 days. To understand it better, you can take a look at the chart below and seethe trading fee you will have to pay depending on the traded amount.

Coinlist Pro Fiat Withdrawal Fees

ACH transfers are absolutely free at Coinlist Pro. But there are transfer limits imposed by the platform depending on the tier list you have. If you are a pure beginner, you won’t be able to transfer more than $500 a week when it comes to instant ACH limits. As for the standard ACH limits, you will be able to transfer no more than $2500 a week. 

As for the wire transfer fee for users residing in the US, it is $10. If you live outside the United States boundaries, you will have to pay a fixed fee of $30 when withdrawing funds through wire transfer.

Coinlist Pro Crypto Withdrawal Fees

The crypto withdrawal fee at Coinlist Pro is different for each asset. The withdrawal fee for Bitcoin is 0.0005 BTC, and for Ethereum, it is 0.0201 ETH. Note that there is a minimum withdrawal amount too for every cryptocurrency that users wish to withdraw.

Pros and Cons of Coinlist Pro

Pros
  • Easily buy and sell cryptocurrencies
  • Crypto lending and borrowing available
  • Both new and popular cryptocurrencies available
  • Mobile app for iOS and Android
  • Excellent knowledge hub which is a great source of info for new users
Cons
  • No live chat support
  • Debit/credit cards not accepted

Verdict

Coinlist Pro is an excellent crypto trading platform for both newcomers and advanced traders. It is simple and easy to use, but also has plenty of advanced features that experienced investors love. Crypto borrowing and lending is available, you can access many new cryptocurrencies as well as popular ones, and you can do so from your mobile or desktop. The exchange is very safe and is compliant with all regulations where it operates. Coinlist Pro only offers about 46 different cryptocurrencies, but they include many new coins that you may not find elsewhere. If you are interested in a crypto exchange with a wider variety of coins, you can have a look at our list of the best crypto exchanges in the USA. There is also a quick comparison table below, if you are interested.

Comparison Table of the Best Crypto Exchanges in the USA

eToro
Pionex
Coinmama
Gemini
Uphold
Crypto.com
Crypto Exchange
Crypto Exchange
eToro
Pionex
Coinmama
Gemini
Uphold
Crypto.com
Fiat Currencies
Fiat Currencies
USD
USD, TWD
USD, EUR, AUD, CAD, GBP, JPY
USD, AUD, CAD, EUR, GBP, SGD, HKD
USD, GBP, EUR, CHF, AUD, JPY & 21 more
USD, AUD, CAD, CHF, EUR, GBP, NZD, SGD, JPY & 10+ more
Cryptocurrencies
Cryptocurrencies
BTC, ETH, BCH, XRP, DASH, LTC, ETC, ADA & 75 more
BTC, ETH, LTC, SOL, DOT, TRX & 120+ more
BTC, ETH, ETC, UNI, LINK, LTC, BCH, DOGE, MATIC, EOS, AAVE, COMP, OMG, YFI, WBTC
BTC, ETH, BCH, DOGE & 90+ more
BTC, ETH, ADA, DOGE, COMP, DOT & 125+ more
BTC, ETH, LTC, XRP, CRO, ADA, DOT, SOL, DOGE & 250+ more
Deposit Methods
Deposit Methods
PayPal, Debit card, Credit card, Wire transfer, Online banking
Credit card, Cryptocurrency
Credit card, Debit card, Fedwire, Apple Pay, Google Pay
Bank transfer (ACH), Debit card, Wire Transfer, Cryptocurrency
Bank Transfer (ACH), Bank Transfer (SEPA), Debit/Credit Card, Wire Transfer, Faster Payments Service, SWIFT, Cryptocurrency
Bank Transfer (ACH), BPAY, SEPA, Credit/Debit card, PayPal, TransferWise, Fedwire, SWIFT, Cryptocurrency
Trading Fees
Trading Fees
1%
0.05%
2.93% - 3.90% (depending on loyalty level)
From 0.25% (maker) and 0.35% (taker)
Fees included in the spread
Exchange: from 0.4%, App: Free (included in spread)

eToro USA LLC; Investments are subject to market risk, including the possible loss of principal. "Virtual currencies are highly volatile. Your capital is at risk."

Frequently Asked Questions

Is Coinlist Pro legit?

Coinlist Pro is a legit and safe platform. They have acquired licenses in countless states in the US to provide their services. Not only that, they have been in the business since 2017, serving traders from all over the world.

What is the difference between Coinlist and Coinlist Pro?

The main difference between Coinlist and Coinlist Pro is the availability of spot trading for professional traders. While Coinlist Pro has the spot exchange available, the standard Coinlist does not have that as it focuses more on the simple buying and selling of assets.

Is Coinlist Pro safe?

Yes, it is safe to use Coinlist Pro. Coinlist Pro works with the top crypto custodians to securely store their users' funds. There have been no hacking or reports of any breaches in the past in relation to Coinlist Pro. 

Marketplacefairness.org provides all its content for informational purposes only, and this should not be taken as financial advice to buy, trade or sell cryptocurrency or use any specific exchange. Please do not use this website as investment advice, financial advice or legal advice, and each individual's needs may vary from that of the author. This post includes affiliate links with our partners who may compensate us. 

To view our privacy policy read this page.


Tags


You may also like

Litecoin vs Bitcoin Cash

Litecoin vs Bitcoin Cash
>