Review on Coinlist Pro by Killer Bean
CoinList Pro Exchange, a nice exchange to trade on but the fees are high!!!
CoinList Pro is a regulated and a centralised exchange which was founded in 2020 in United States of America. The exchange being regulated means that there's a low tendency for it to be a scam. The exchange was built with great touch of expertise as it comes with a nice abd a digital interface which is quite attractive. Though the exchange is centralised, only a few coins are listed and are traded on the exchange making the liquidity of the exchange quite low. The exchange trades about 1-7 million USD daily which makes liquidity moderate. Looking at the fees, the fees on the exchange are exorbitant, a fee of 0.5% per transaction is a scary feature that tends to chase away traders and investors. As usual, deposit through cryptocurrencies is possible. In addition to that, you can also make deposits via wire transfer this might not be convenient as compared to deposit via credit/debit cards. If there's anything CoinList Pro could work on, then it should be the outrageous fees charged for each transaction.
Pros
- The liquidity on this exchange is moderate
- The user interface is well designed
- The exchange is regulated
- The exchange allows you to deposit fiat currency
Cons
- Only USD is supported as fiat here
- The exchange support only a few cryptos
- The trading fees is outrageous
