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Coinlist Review: Ideal Cryptocurrency ICO And IDO Platform For Investors

Coinlist is a significant fundraising platform that attracts many projects and individual investors. It is an excellent platform to help projects find capital to develop projects and also a place for investors to seek early investment opportunities in potential projects. So what is Coinlist? What services does this platform offer? Is it a reputable platform? Let’s find out through this Coinlist review.

What is Coinlist?

Coinlist is a platform for crypto projects to conduct coin/token sales to users, giving users early access to potential new projects. This platform is founded and operated by the company CoinList Markets LLC, based in California, USA. This is a very legal platform. The project has a license to use in 20 states in the United States.

Its main goal is to handle compliance issues, technical details, and regulatory burdens when launching new coins, whether they are ICOs or security token offerings. It is a fully functional trading system that offers solutions for individuals and businesses. The platform is available in two variants: CoinList, the standard version, and CoinList Pro, which has more sophisticated features.

Starting as an ICO investment portal, it strives to help investors enter the crypto world by giving them access to new projects. It serves as an ICO and IDO platform and a cryptocurrency exchange.

Coinlist team

  • Andy Bromberg, CEO and Co-Founder. Andy is the CEO and Co-Founder of Sidewire. Before that, he co-founded the Stanford Bitcoin Group while studying math and computer science.
  • Graham Jenkins, COO and co-founder. Prior to joining AngelList, he led the UX teams at Google and BofA.
  • Paul Menchov, CTO and Co-Founder. Paul is the co-founder of Republic, a leading equity crowdfunding platform, and was previously the Head of Fundraising Infrastructure at AngelList.
  • Joshua Slayton, co-founder. Joshua has founded four companies, most recently joining AngelList in 2010 as Founding Chief Technology Officer. He has been a fan and promoter of cryptocurrencies since he discovered Bitcoin 5 years ago.
  • Brian Tubergen, co-founder. He leads a team responsible for investing over $850 million. Before that, Brian worked at Facebook and was a top student in computer science at Princeton University.
  • Kendrick Nguyen, Founding Advisor. Kendrick is the CEO of Republic, a former consultant at AngelList, and a fellow at Stanford Law School.

Services

Token Sale

CoinList’s ICO and IDO platform gives consumers access to the best new crypto tokens before they get listed on major crypto exchanges like Binance and OKX. The projects listed on this platform are all high-quality ventures with strong teams and exciting goals.

Additionally, they screen users to ensure the long-term success of the project. To invest, users have to answer a series of questions about the project, and the different selling levels have different buy and lock limits to prevent the sale. If you are found to be using malware, your funds will be confiscated, and your account will be closed.

During the token sale, investors are asked to have users arrive at a specific time, then randomly assign each user a queue number from 1 to 100,000. Users can purchase tokens sequentially according to their queue number.

Trade

Buy and sell top cryptocurrencies and the latest CoinList listed tokens. The platform provides access to 40 high-quality cryptocurrencies. However, it is too limited compared to top exchanges like Binance or CoinSpot, with up to 500 coins supported (Refer to our Binance review and CoinSpot review to learn more).

The platform only supports USD for deposits and withdrawals, which may not be suitable for all traders and investors. Users outside the US cannot deposit or transact in their local currency, as there is no P2P marketplace to do this.

If you are looking for a crypto loan, CoinList Pro can help you with this. The only downside is that there is a limited selection of crypto assets. To help their users get started, pro version only allows Filecoin lending, and you can always exchange Filecoin for other cryptocurrencies and continue trading and investing.

CoinList Pro offers a variety of loan arrangements based on terms. You must verify this before applying for a loan to avoid problems in the long run. Users must pay interest at the end of each month, otherwise, their contract may be terminated or other actions taken.

Besides, staking services are also quite popular on the platform, with an annual percentage rate (APY) ranging up to 32%. The platform charges a high commission for this service, which varies by coin. The commission per yield ranges from 8 to 15% APY, which is very high.

Finally, you can convert their existing cryptocurrencies to any other currency you want. Also, if you convert your BTC to Packed BTC (WBTC), you can participate in the CoinList Pro DeFi portal. It claims to be one of the most popular places to buy WBTC online. It allows users to mint WBTC and EFIL instantly. It is also compatible with all leading DeFi protocols.

Cryptocurrency wallet

Coinlist also provides a cryptocurrency wallet service that allows users to store, deposit, withdraw, and conduct cryptocurrency transactions.

Fee

Creator and receiver fees on CoinList Pro are slightly higher than fees on other crypto exchanges, ranging from 0.25% to 0.45%, depending on the 30-day trading volume of the coin. For example, Pemex has a competitive creator fee of 0.1%, while Kucoin and Binance charge creators and consumers 0.10%. On the other hand, some exchanges, such as Hotbit and Bitstamp, charge significantly higher fees.

Should I buy tokens on Coinlist?

Up to now, 36 projects have raised capital on Coinlist and have launched their tokens. The total mobilized capital on this platform reached $1.05 billion. In addition, the majority of fundraising projects are in the Blockchain Infrastructure group (accounting for 51.4% of the total number of projects).

Source: Cryptorank

Coinlist is a large, reputable fundraising platform that regularly lists high-quality projects. Most of the token sales supported are Layer-1 Blockchain projects.

  • If you are lucky to buy Tokens, initially, your tokens will increase or decrease depending on the case, but in the long term, a rate of more than 90% will be profitable. The average ATH ROI of projects sold on this platform is 3,464%.
  • If you are unlucky to buy tokens in Coinlist’s public sales rounds, you can wait for a period of about 24 days to buy at the best price.

In general, investors who buy tokens of projects will achieve an average return of 3.12x at the current price and 64.81x at the ATH price. Solana is the project that brings the biggest profit, with 101.85x at the current price and 1,180.1x at the ATH price.

CoinList had successfully launched many new and promising projects, including Solana, Algorand, Casper, Flow, and more, with hundreds of thousands of participants when IDO was released. As seen, it has effectively launched Solana, Flow, and Casper, with ROIs exceeding 250x, 430x, and 650x, respectively.

Basic Instructions

Create a new Account

1. Go to https://coinlist.co/register.

2. Enter your first name, last name, and email.

3. Create your password. Your password is required to have a minimum of 10 characters. 

4. Complete CAPTCHA verification. 

5. Read and accept Terms of Service and Privacy Policy

6. Click the “Create Account” button. 

7. Verify your email. You will receive a verification email.

How to Trade

When you’re logged in, click on Buy & Sell in the navigation panel. 

Once you see the trading screen. You will then be prompted to enter an amount of a specific cryptocurrency you wish to buy or sell. 

Once you have input the amount, you can preview the order.

After selecting “preview order”, you will be presented with the price for your order. You will have 30 seconds to confirm the trade. If you do not confirm the trade within 30 seconds, you will be required to re-input your order. The price may change after the 30 second window. Once you confirm the order, the trade will be considered final and it will be executed. You will see the resulting balances in your applicable CoinList wallet.

Deposits & Withdrawals

You can deposit any supported currency/asset into CoinList to fund your account. Once your funds are in your CoinList wallet, you will be able to immediately transfer them to CoinList Pro. There are no transaction fees when moving funds from your wallet to your CoinList Pro wallet. 

USD Deposits 

  • Log into your CoinList account 
  • Visit https://coinlist.co/wallet_redirect/usd
  • Click “Deposit” 
  • If you would like to send in an ACH, please select “Bank Transfer” and connect your bank account  
  • If you would like to send in a wire, please select “Wire” and use our wire instructions 
  • Once your USD is in your account, visit https://coinlist.co/wallet_redirect/usd and click “Send to Advanced Trading”
  • Input the amount you’d like to send to CoinList Pro
  • Click “Go to CoinList Pro”
  • Your USD will be sitting in your CoinList Pro account 

Crypto Deposits 

  • Log into your CoinList account 
  • Visit https://coinlist.co/wallets
  • Go to the wallet for the asset you’d like to deposit 
  • Click “Deposit” 
  • Copy and paste or Scan the QR code to obtain your CoinList wallet address 
  • Initiate your transfer 
  • Once your crypto is in your account, visit your wallet and click “Send to Advanced Trading”
  • Input the amount you’d like to send to CoinList Pro
  • Click “Go to CoinList Pro”
  • Your crypto will be sitting in your CoinList Pro account “

Withdrawals

You can withdraw any supported currency/asset out of this platform to a wallet of your choice. There are no transaction fees when moving funds from your CoinList Pro wallet to your CoinList wallet. 

  • Visit https://trade.coinlist.co/settings/transfers
  • Select the amount you’d like to withdraw and withdraw that amount to your CoinList wallet 
  • Visit the corresponding wallet on https://coinlist.co/
  • Click “withdraw” and follow the instructions to execute the transaction 
  • For USD, you will be able to send an outbound ACH transfer or Wire transfer 
  • For crypto, you will be able to send an outbound transfer to a wallet of your choosing

Conclusion – Coinlist Review

Above are the reviews of the Coinlist fundraising platform and instructions for participating in the token sale on this platform. This is considered a large, reputable fundraising platform that regularly lists high-quality projects. Besides, projects opened for sale on the platform also bring high-profit rates. Therefore, users can safely useit.

Despite the limited liquidity, it’s fees are reasonable compared to other exchanges. However, the platform only supports USD fiat currency, and its customer service could be better.

DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your research before investing.

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