What is Coinlist? Coinlist is a trading platform that has attracted a lot of attention from the cryptocurrency trading community and has attracted many people to buy ICOs on Coinlist. To know why Coinlist is so attractive, let’s explore the details with Learn Crypto Trading in the article below!

What is Coinlist? Why should you use Coinlist?

If you want to know what Coinlist is and why it is getting so much attention, this is the place to go. Let’s explore Coinlist and the specific information through the content below:

What is Coinlist’s concept?

Coinlist is an exchange and also a large and reliable capital raising (ICO) platform. This is a notable exchange in the cryptocurrency industry. Where crypto projects can sell coins or Tokens to the community. Normally, these capital raising rounds will be held as Private Sales or Public Sales. To provide opportunities for users to access and invest early in projects.

Projects released on Coinlist are often considered to have strong growth potential after being listed on the exchange. This has been proven through outstanding projects such as Solana. The price has increased 155 times compared to the opening price on Coinlist. Near increased by 26 times, and Flow increased by 424 times.

Main products of Coinlist

What is Coinlist’s main product? Currently, Coinlist offers three main products. Includes: Enhanced Coinlist Pro exchange, capital raising, and staking platform.

• As for exchange features, Coinlist supports several major trading pairs of prominent tokens. For example: BTC, ETH, CELO, FIL,…
• Regarding the capital raising platform, up to now, the projects launched for sale on this site have mainly been projects in the Blockchain Layer-1 segment. Including Internet Computer, Flow, Casper Network, or Mina Protocol.
• And that final product is the Staking product. Users can participate in staking some tokens, such as NuCypher, Celo, and Flow, with annual yields that are not too high but quite attractive (more than 30%).

Reasons why users should join Coinlist 

The Coinlist platform is run by CoinList Markets LLC. This company is headquartered in California, USA, and was founded and is operated. They strictly comply with the law and are currently licensed to operate in more than 20 states in the United States.

At the same time, this project developed the Bank Secrecy Act and the Anti-Money Laundering Compliance Program. The “BSA/AML Program” ensures the highest compliance with applicable laws and regulations. The goal is to prevent money laundering practices in the United States and countries where Coinlist operates.

This explains why all information about projects listed on Coinlist is published in a transparent and quality manner. This gives users confidence in the quality of initial projects.

Furthermore, Coinlist’s reputation has been reinforced through the success of many major projects. Including Flow with an increase of up to 424 times compared to the original price, proven by rising to the top of the coin rankings. This is one of the strong reasons for you to choose and use Coinlist.

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Instructions on how to register for a Coinlist account

To start using Coinlist, you first need to register for an account. Please prepare a photo of your Passport or Proof/ID to complete personal verification (KYC). First step, visit the website coinlist.co and select “Get Started” on the home screen.

You will then be directed to the account registration interface. Here, fill in the necessary information requested and click “Create Account”.

Coinlist will send you an Email to verify your account. Please check your email and go through the verification process. Make sure to use a browser that is compatible with the browser you used when registering your account on a similar device. For example, if you registered using Chrome on Windows. The verification will also need to be done using Chrome on Windows.

Once the authentication process is complete, your account will be redirected to the Coinlist home page. If not, you can sign in with the newly created account.

How to Trade Crypto with Coinlist Effectively 

So, what is Coinlist’s effective way to trade on? Once you have deposited money into Coinlist, you can explore and experience the trading features on the platform.

Coinlist offers two trading modes for you to choose from: Basic Mode and Advanced Mode (Coinlist Pro).

Trade basic coins on Coinlist

To do basic trading on Coinlist, you can follow these steps:

• On the main screen, select “Buy & Sell“. Next, in the “Buy/Sell” section, select the token you want to buy or sell.
• Fill in the number of tokens you want to trade and click “Preview Order“.

Confirm the information and check the fee, then click “Confirm Order“.

After completing the above steps, the screen will display a notification of successful order placement.

Advanced trading with Coinlist Pro

To trade on Coinlist Pro, you can do the following:

On the main screen, select “Pro Trading“. At the trading interface, click “Deposit to Coinlist.co Wallet” to deposit money into the trading wallet.

After that, a window will appear on the screen with the interface as shown below. Select “Send to Pro” → Select quantity → “Send” to transfer tokens to the Pro trading wallet.

Next, on the trading interface, select the trading pair → fill in the amount you want to trade,e → “Buy/Sell“.

Finally, confirm the buy/sell transaction and complete it.

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What is Coinlist tip you should keep in mind when trading? 

Some useful tips when joining Coinlist:

• Increase Karma Points: Karma Points are an important measure of your activity on Coinlist. It is calculated based on the use of products such as Staking, Lending, Trading, etc. The higher the Karma score, the higher the winning rate. Therefore, if you want a chance to win Coinlist, accumulate and increase your Karma points.
• Using multiple accounts: Creating hundreds of Coinlist accounts is not recommended. However, owning fewer than 10 accounts can also help increase your chances of winning Coinlist. This way, you can increase your chances of being accepted into projects on Coinlist and optimize your success rate.

What are the fees on Coinlist?

Coinlist applies the following fees:

• Deposit fee: Coinlist does not charge a fee when you deposit money into your wallet.
• Withdrawal fees: Withdrawal fees on Coinlist are usually about 2-3 times higher than regular token transfers.
• ICO buying fee: You will not have to pay a fee when buying an ICO on Coinlist.
• Transaction fees: Coinlist charges a 0.5% fee for each transaction made.

Based on experience, interactions on Coinlist can be 2-3 times more expensive than regular Crypto exchanges. With an average of around $20, depending on trading volume.

One tip to minimize transaction fees is that you can buy other cryptocurrencies on other exchanges. Then transfer to Coinlist instead of directly to a stablecoin like USDC or USDT.

For example, you can buy ALGO from another exchange and then transfer it to Coinlist to sell USDC. This will help you save on Crypto transaction fees most optimally.

Conclude

Thus, Learn Crypto Trading answers about what Coinlist is, as well as instructions for registering an account and participating in trading on Coinlist. Hopefully, this guide will be useful for you when taking on new projects on the exchange. If you have any questions or concerns, don’t hesitate to leave a comment below. The website team will be happy to answer and assist you.

Frequently asked questions

What cryptocurrencies are supported on Coinlist?

Coinlist supports many popular cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), and many other tokens for Crypto trading.

How to participate in token sale rounds on Coinlist?

To participate in token sales rounds on Coinlist, you need a verified account. You can then apply to participate in token sales rounds that interest you.

What are the special features available on Coinlist?

Coinlist has many special features, such as supporting Crypto transactions, raising capital for blockchain projects, and providing staking services.