The platform for Coinlist tokensales (coinlist.co ): how to participate and earn
Coinlist exchange is a platform for tokensales that attracts investors from all over the world. Users can earn on new cryptocurrencies before they have officially entered the crypto exchanges. According to statistics, most of the projects whose initial token offering was implemented through Coinlist brought excellent profits to crypto investors.
History of Coinlist Development
The platform was founded in 2017 by a group of crypto enthusiasts from San Francisco led by Brian Tabergen. The headquarters of the company is now located in the same city. The founders of the platform managed to attract huge investments for the development of the project during the ICO.
Now there are more than 60 thousand users on the exchange, including from Russia, Ukraine, Belarus.
Advantages and disadvantages of the Coinlist platform
The following advantages of the exchange can be distinguished: a full set of functions for traders, automatic receipt of remuneration for asset placement, a free wallet. There is a convenient mobile application.
Among the disadvantages, Russian-speaking users note mandatory verification and lack of support for the Russian language.
Some experts of the cryptocurrency market doubt the legitimacy of the exchange’s work, since the subsidiary company that owns the website of the platform is not registered as a broker (dealer).
Getting Started with Coinlist
To get started, you need to register on the site. The registration process is standard: you need to go to the main page of the official coins website list.co and click on the button in the upper right corner Get Started.
Then you should fill out the form that opens (full name, email address), enter the invented password twice and confirm that a person is being registered by entering a captcha.
After clicking on the Create Account button, the user will receive a personal account on the exchange. The registration process ends with the confirmation of the email address by the link from the received letter.
Verification of an account on Coinlist is mandatory. A photo of the identity document and a selfie with this document are required. It is also required to confirm the address of residence, for example, with utility bills. For security, the user must set up two-factor authentication.
How to top up your account and withdraw money to Coinlist
You can top up your account with both cryptocurrency (more than 30 types) and fiat money (dollars). Restrictions on replenishment apply only to fiat (maximum 20 thousand dollars). The same amount limits the withdrawal per day. The minimum amounts are $5 or the equivalent in bitcoins.
How to participate in Token Sale
Participation in tokensales is possible after successful authorization and verification.
First of all, you need to register for a tokensale by following these steps:
- select a specific sale on the TokenSale tab and go to the corresponding page;
- study the details of the sale and choose the most appropriate option;
- fill out the registration form by email.
Before the start of the sale, the exchange will send an email reminder. You can independently monitor the timer on the website.
Tokensale participants receive a number in the queue formed randomly. To get priority, you can pump karma. Karma points on Coinlist are awarded for activity on the exchange (stacking, trading, participation in voting). But you can get points only in the first 18 weeks after registration.
When the queue comes, you need to specify the number of tokens that the user wants to buy and pay for the purchase. After some time, the confirmation of the transaction should arrive.
How to Trade on Coinlist
In addition to participating in tokensales, you can buy and sell cryptocurrencies on the Coinlist exchange. To do this, first of all you need to log in to your account.
When buying, you need to choose the type of cryptocurrency, the amount and the payment method. The transaction should be confirmed within 30 seconds. It is recommended to preview the order in which the exact amount of payment is indicated.
To withdraw funds from the exchange, you need to go to the section https://trade.coinlist.co/settings/transfers and select the withdrawal amount. The withdrawal will take place to the exchange’s internal wallet, from where funds can be withdrawn to an external crypto wallet. By the bank account number, you can receive withdrawals in fiat (dollars).
The exchange charges a commission for transactions, the minimum amount of which is 0.25 US dollars (or the equivalent in the crypt). You can replenish the exchange’s wallet without commission by bank transfer or a plastic card in dollars, as well as with cryptocurrency from an external crypto wallet.
User Reviews of Coinlist
As positive aspects in the work, users note a good selection of altcoins, profitable stacking and internal DeFi, the ability to quickly replenish the account and withdraw money. The main advantage of crypto investors is access to the purchase of new tokens.
Negative reviews complain about long waits for a response from technical support, a complex verification process, very high commissions.
Published: 4 October, 2022