Looking for an exchange platform with ICO and IDO services where you can trade crypto? Then look no more. Coinlist, the crypto exchange platform, offers you ICO and IDO services. It also has a crypto-lending feature for borrowing crypto tokens/assets. So, let’s uncover all the features of Coinlist and its deposit and withdrawal process. I’ll also show you whether is it a safe exchange platform to use or not, in this article.

What Is Coinlist?

Coinlist is an online cryptocurrency trading platform. This online crypto exchange platform has been available for United States investors. However, investors from Afghanistan, Canada, Cuba, the Congo, the Central African Republic, Iran, Mali, Myanmar, Sudan, Zimbabwe, and the United States Virgin Islands are restricted from accessing this trading platform. 

In 2017, a group of crypto investors, including Andrew Bromberg, Brian Tubergen, Graham Jenkin, Joshua Slayton, Kendrick Nguyen, and Paul Mencho, came up with the idea to create an ICO investment portal, Coinlist. 

The main motive for developing this platform is to provide users with technical and fundamental details about crypto, manage compliance issues, and create a better user crypto exchange experience. The app or website is now available to provide both retail and business solutions and has a Coinlist Pro version with more multifaceted features. 

Features

Unlike Coinbase, eToro, and other crypto trading platforms, the ICO and IDO platforms of Coinlist provide you with access to pre-launched cryptocurrencies before they are listed on the market. It’s like applying for an IPO in the stock market. Here are some features of this crypto-exchanging platform. 

1. Crypto Trading

The buying and selling process is very simple and transparent for investors. On this platform, you can use USD and other popular crypto assets and meme coins to make trades. With a few simple clicks, you can deposit and withdraw your assets. 

2. Crypto Lending

Yes, on this crypto trading platform also has a crypto lending section where you can get an easy crypto loan. However, there is a limited selection of crypto assets for lending purposes. Various loan agreements are available on this platform, depending on the crypto loan duration and amount. Crypto lenders earn interest on their investments. 

3. Crypto Staking

When you fund your CoinList wallet with funds, the platform will pay interest on your funds. However, this is not a complete crypto-staking platform. It is more likely a moderate crypto-staking platform that also accepts bets on ALGO, CELO, FLOW, ROSE, CSPR, MINA, and VEGA cryptocurrencies. You can check the coinlist status of the annual pay commission. Usually, the commission ranges from 10% to 15% APY. 

4. Convert Cryptocurrency

The conversion feature of this platform is also easy to navigate. You can participate in the Coinlit Pro DeTi portal if you convert Bitcoin (BTC) to wrapped Bitcoin (WBTC). The crypto conversion tools are very convenient and fast. 

Coinlist Deposit And Withdrawal Fees

In this crypto exchange platform, users are limited to USD to make trades. Which is not a suitable option for every investor. This limitation makes it an unsuitable platform for the P2P market. However, users can deposit in USD without paying any extra charges. 

This USD limitation is not that bad because the exchange process is now hassle-free and easily convertible. The platform also has ACH and wire transfers to make the transaction process more convenient. Here is the list of Coinlist Fees for 30-day trade volume. 

How To Withdraw And Deposit From Coinlist?

You can deposit or withdraw using various supported methods to fund your CoinList wallet. There is no deposit fee so, you can deposit the full amount to your crypto wallet. You can also deposit cryptos, including Bitcoin, Ethereum, and other popular crypto assets. 

Step-by-Step Deposit Process

Follow this step-by-step guide to fund your CoinList wallet. 

Step 1

First, open the Coinlist website or download the app on your Android or iOS device. Then, simply create an account using all the necessary details and complete the online KYC process for identity verification.

Step 2

Once you completed the CoinList login process, go to the Deposit section then choose between “Bank Transfer” for ACH and “Wire.” 

Step 3

After that, click on the “Send to Advanced Trading” option and enter the deposit amount. Then complete the transaction process. 

Step 4

Now click on “Go to CoinList Pro” and check your wallet. 

Step-by-Step Withdrawal Process

To withdraw your wallet assets, follow this step-by-step guide. There are no withdrawal fund transfer fees while moving funds from CoinList Pro to Coin-List Wallet.

Step 1

First, go to the transfer section and enter the amount that you’d like to withdraw. 

Step 2

After that, go to your wallet and click “Withdraw.” 

Step 3

If you want to withdraw your USD, then select ACH transfer or Wire to complete the withdrawal. For crypto withdrawal, connect your crypto wallet and complete the transfer process. 

Coinlist Review: Is It A Safe Trading Platform?

Now the question is is it a legitimate platform to exchange or convert cryptocurrency? According to online CinList user reviews, this is one of the most reliable places to buy WBTC online. Coinlist is registered on FinCEN and collaborates with BitGO and Gemini Custody. 

Also, it has two-factor authentication and user information protection security. However, people are complaining about their customer support as there is no 24/7 customer support. Have a look at these user reviews…

Image source:-http://tinyurl.com/5e83ccf4

Conclusion

In the end, the ISO and IDO services of this platform are the biggest reason behind its popularity. The fees for trading are also reasonable compared to other high-fee crypto exchange platforms. However, it is an entry-level platform due to its only USD deposit. If you have any other questions regarding this platform feel free to ask me in the comment section.

Also Read:

• What Is Ethereum?
• Barry Silbert Net Worth
• How To Buy Tesla Stock On Etoro?
• How To Buy Shiba Inu Coin On Coinbase? 
• What Is Happening With Best Cryptocurrencies?

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