Comparison of Coinlist vs Phemex [ 2024 ]

The crypto exchanges compared by their commissions, cryptos, security and much more. Here is the Coinlist vs Phemex comparison!

Your expert: Alejandro Borja

Coinlist

Investing risks losing your money

Your expert: Xavier Tarrasó

Phemex

Investing risks losing your money

Main points

Fees

0,25%/0,50%

Earns

Customer service

3/5

0,10%

Fees

Earns

3/5

Customer service

Recommended for

Beginners

Trading

Yes

Passive income

Buy and hold

Yes

Beginners

Yes

Trading

Passive income

Yes

Buy and hold

Comparison of fees

Rating

3.9 – Competitive fees with access to exclusive token sales.

4.1 – Low fees with a focus on derivatives trading.

Level

0,25%/0,50%

0,10%

Brief explanation

CoinList charges a commission based on the transaction amount, which varies depending on the specific terms of each token sale or trade on the platform. The platform is known for its ability to handle initial coin offerings (ICOs) and provides access to new digital currencies that aren’t available on more mainstream exchanges. This focus on early-stage investments does mean that fees might be higher in certain cases, especially for exclusive or early access tokens. However, these fees are generally considered competitive within the industry, particularly given the unique access CoinList provides.

Phemex implements a transparent and competitive commission structure, which is one of its standout features. The platform offers zero-fee spot trading for premium members, a unique model that encourages active trading and enhances affordability. For non-premium users, the fees remain competitive with the industry average. The fees for futures trading are also attractively low, with maker and taker fees structured to incentivize liquidity provision on the platform. This setup allows traders to manage their costs effectively, which is especially beneficial in a market where margins can be tight.

Coinlist

Year Founded: Established in 2017, CoinList has rapidly developed a reputation for bridging the gap between emerging blockchain projects and serious investors, ensuring a stable platform with a track record of successful initial coin offerings (ICOs).
Reputation and Reviews: Despite some challenges, CoinList holds a strong position in the market for its unique offerings, such as access to new tokens and ICOs. Its compliance with U.S. securities laws bolsters its credibility among investors.
Security Methods: CoinList emphasizes security by complying with regulatory requirements, ensuring that all listed projects meet stringent criteria and that user funds are protected through advanced security protocols.
Regulation: CoinList operates in compliance with the applicable U.S. securities regulations, making it a trustworthy platform for users looking to participate in ICOs and token sales legally and securely.
Volume Managed: While specific figures on trading volumes aren't disclosed, CoinList's capacity to manage large volumes is evident from its handling of major ICOs and token sales that attract substantial investor interest.

Read coinlist review

Phemex

Robust Security Measures: Phemex employs comprehensive security protocols, including cold wallet storage, two-factor authentication, and advanced encryption technology to protect user assets and data.
High Trading Volume and Liquidity: With significant daily trading volumes, Phemex offers high liquidity, facilitating quick and efficient execution of trades without significant price slippage.
Transparent Withdrawal and Deposit Policies: Phemex provides clear and concise policies regarding withdrawals and deposits, ensuring users understand the terms of service and any associated fees clearly.
Strong Reputation and Positive Reviews: Since its launch, Phemex has built a strong reputation in the cryptocurrency community, supported by positive user reviews that praise its reliability, customer service, and platform stability.
Effective Customer Service: Phemex offers responsive and helpful customer support, ensuring that users' queries and issues are addressed promptly, which is crucial for maintaining trust and user satisfaction.

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Product selection

Native token

Earns

NFT marketplace

Yes

Cripto/debit card

Yes

Full name

CoinList Services, LLC

Phemex Financial Pte. Ltd.

Regulation

Regulated in the EE. UU.

Not regulated

Year founded

2017

2019

Founder

Andy Bromberg, Graham Jenkin, Paul Menchov

Jack Tao

Payment methods

Transfers

Yes

Mastercard

Yes

Wire transfer

Yes

Card

Yes

Comparative table

Coinlist	FEATURES	Phemex
CoinList offers a flexible minimum trade amount, accommodating both small and large investors, though specifics can vary based on the cryptocurrency.	Minimum Trade	Phemex allows trading with relatively low minimums, making it accessible for beginners who wish to start small.
Fees on CoinList are competitive but can be higher compared to some other exchanges, particularly for less common trading pairs.	Trading and Transaction Fees	Offers competitive fees with several fee-free options for premium members, though slightly higher for regular users.
CoinList supports a variety of cryptocurrencies, especially new and emerging tokens not readily available on other platforms.	Number of Cryptocurrencies	Supports a wide range of cryptocurrencies, providing ample trading opportunities for users.
Offers a robust selection of crypto-to-crypto trading pairs, focusing on new and innovative tokens.	Crypto-to-Crypto Trading Pairs	Extensive selection of trading pairs, allowing users to diversify their trading strategies.
The website provides essential information; however, details about fees and some services could be more transparent.	Website Transparency	The website provides essential information, although some users may find details on fees and terms could be clearer.
CoinList does not offer an exchange card for in-store purchases. Their focus is primarily on token sales and providing access to new cryptocurrencies.	Credit/Debit Card	Phemex does not provide an exchange card for in-store purchases. It focuses on trading features and derivatives.
Provides secure storage options, including cold storage for major assets to ensure safety.	Storage Offering	Offers secure cold storage options, enhancing safety for user funds against potential cyber threats.
CoinList offers competitive staking opportunities, especially for newer tokens that are exclusive to the platform.	Staking and Rewards	Provides staking options with competitive rewards, though options are more limited compared to specialized staking platforms.
Both mobile and desktop interfaces are user-friendly and well-designed, though occasional bugs affect performance.	Mobile App and Desktop	Both the mobile app and desktop platform are highly user-friendly and robust, suitable for trading on the go.
Customer service is a notable weak point, with slow response times and often unsatisfactory resolutions.	Customer Service	Generally responsive customer service with multiple channels available, but some reports of delayed responses during peak times.
Supports a range of deposit and withdrawal methods, but improvements are needed in processing times and clarity on fees.	Deposit and Withdraw	Offers multiple deposit and withdrawal methods, but some users have experienced delays and higher fees for certain methods.

Key features

Analysis tools

Basic information, no advanced tools

Advanced charting tools, technical analysis

Mobile APP

Yes

Security

High 4,9/5

Additional features

Token sales, staking, lending services, CoinList Pro exchange

Margin trading, futures trading, staking, Phemex Earn

Anonymity

Yes

Key points

Available cryptocurrencies

50+, focuses on early access to new tokens

Primarily derivatives, few direct cryptocurrencies

User-friendliness

CoinList provides a straightforward and easy-to-use platform that is ideal for beginners. The interface is clean and intuitive, making the trading process smooth and efficient.

Phemex provides a user-friendly platform that is easy to navigate, making it suitable for beginners. The interface is designed to facilitate a smooth trading experience with all necessary features easily accessible.

Value for money

Delivers decent value for money with competitive fees and access to exclusive token sales, though it may not suit all traders.

Offers good value for money with competitive fees and advanced trading features, suitable for both retail and institutional traders.

Countries of operation

United States, Canada, United Kingdom, Australia, Germany

Global, including United States, Canada, United Kingdom, Australia, Germany

Best for

Great for investors interested in accessing exclusive token sales and competitive fees.

Suitable for both retail and institutional traders interested in derivatives trading with competitive fees and advanced features.

Base currencies available

USD, BTC, USDT

Account

Trading

CoinList is known for its support of new token launches and a wide range of cryptocurrencies. It offers competitive fees but has a complex interface that might be challenging for beginners.

Phemex offers extensive trading options including spot, margin, and futures trading. It provides advanced tools suitable for experienced traders but might be overwhelming for beginners.

Deposit and withdrawal

CoinList offers standard deposit and withdrawal methods like bank transfers and crypto deposits. Withdrawals are processed efficiently, usually within a day, with low fees.

Phemex supports multiple deposit and withdrawal methods, including bank transfers and crypto. Withdrawals are processed efficiently, with low fees.

Account opening process

CoinList offers a straightforward account opening process. Users need to provide personal information and verify their identity. The process is fully digital and usually completed within a day, making it user-friendly.

Phemex offers a seamless and fully digital account opening process. Users need to submit personal information and verify their identity. The process is quick and usually completed within a day.

KYC required?

Yes

Customer Service

CoinList offers support via email and live chat. The response time is quick, but the support team is not available 24/7, which may be a drawback for some users.

Phemex offers extensive customer support through email, live chat, and a help center. Support is available 24/7, and the response times are quick, ensuring users get timely assistance.

Security

CoinList provides strong security with 2FA, encryption, and cold storage. However, it lacks regulation from major financial authorities, which might be a concern for some users.

Phemex provides extensive security measures, including 2FA and cold storage. However, it is not regulated by major financial authorities, which might be a concern for some users.

Which of these exchanges is for you?

Alejandro Borja

As a cryptocurrency expert on our website, I’d recommend CoinList for those looking to explore new and emerging tokens. CoinList offers unique early access to initial coin offerings and a platform that’s both innovative and regulatory compliant. While it has areas that could be improved—particularly in customer support and platform stability—its distinctive position in the market makes it a valuable choice for investors interested in the forefront of cryptocurrency innovations. If you’re ready to dive into new investment opportunities and are aware of the higher risks associated with new tokens, CoinList could be an exciting platform to consider.

Xavier Tarrasó

As one of the experts reviewing cryptocurrency exchanges on our website, I find Phemex to be a highly compelling choice for traders. The platform impresses with its robust security features and a wide array of trading options, catering to both newcomers and seasoned traders. Personally, I appreciate the platform’s user-friendly interface and the fact that it offers high liquidity, which is crucial for executing trades swiftly and efficiently. I would recommend Phemex to anyone looking to dive into the world of cryptocurrency trading, especially those who value security and a diverse range of trading instruments.

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How do we review crypto exchanges?

At Threenvest, we conduct a thorough review process to evaluate and rank the world’s leading crypto exchanges. Our goal is to offer an unbiased assessment, providing you with the information you need to make informed decisions on which ones best suit your needs. We strictly adhere to the guidelines of our editorial policy.

We collect data directly from exchanges through detailed questionnaires and conduct first-hand testing and observations during crypto exchange demonstrations. Questionnaire responses, combined with demonstrations and hands-on research from our experts, feed into our proprietary evaluation process that scores each provider’s performance on more than 15 factors. The end result produces star ratings ranging from poor (one star) to excellent (five stars).

For more details on the categories considered when rating brokers and our process, read our full methodology.

Risk Disclaimer

Investing in cryptocurrencies is very risky, you should only invest the money you are willing to lose. Also you should not expect to be protected if something goes wrong.

Neither Threenvest, nor the author, are recommending you to invest with this article.