Comparison of Coinlist vs Bitbns [ 2024 ]

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

Your expert: Alejandro Borja

Coinlist

Your expert: Xavier Tarrasó

Bitbns

Main points

Fees

0,25%/0,50%

Earns

Customer service

3/5

0.25%

Fees

Yes

Earns

3/5

Customer service

Recommended for

Beginners

Trading

Yes

Passive income

Buy and hold

Yes

Beginners

Yes

Trading

Yes

Passive income

Yes

Buy and hold

Comparison of fees

Rating

3.9 – Competitive fees with access to exclusive token sales.

3.8 – Competitive fees with some additional costs for specific services.

Level

0,25%/0,50%

0.25%

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.

Bitbns employs a straightforward fee structure that aligns well with industry standards, charging both takers and makers a uniform fee of 0.25%. This flat rate is fairly competitive when compared to global averages, ensuring that traders can engage in transactions without the worry of fluctuating fees based on their trading volume. This consistency in trading fees helps in maintaining transparency and allows traders to plan their trading activities without unexpected costs.

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.

Bitbns

Security Methods: Bitbns places a strong emphasis on security, implementing multiple layers of protection including 2-factor authentication, cold storage of digital assets, and encrypted user data. These practices help in safeguarding users’ funds and personal information against unauthorized access and potential security threats.
Transparency: Bitbns is known for its transparent operational practices, including clear communication regarding its fee structure, trading processes, and the storage of users’ funds. This transparency helps build trust by ensuring that users have a clear understanding of how their investments are managed.
Customer Service: The exchange boasts a responsive and knowledgeable customer service team that is accessible through multiple channels. This responsiveness ensures that users’ queries and concerns are addressed promptly, enhancing user satisfaction and trust in the platform.
Reputation and Reviews: Since its inception in 2017, Bitbns has built a strong reputation within the Indian cryptocurrency market. Positive reviews from users and industry experts highlight the platform’s reliability, ease of use, and excellent service, contributing to its credibility
Number of Users: Bitbns supports a large and growing community of users, indicating a broad acceptance and trust in the platform. A large user base not only reflects the platform’s capability to meet trader needs but also enhances liquidity, which is crucial for the efficient execution of trades.

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Account Minimum

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Direct link to the website

Product selection

Native token

Earns

Yes

NFT marketplace

Yes

Cripto/debit card

Yes

Full name

CoinList Services, LLC

Buyhatke Internet Private Limited

Regulation

Regulated in the EE. UU.

Not regulated

Year founded

2017

Founder

Andy Bromberg, Graham Jenkin, Paul Menchov

Gaurav Dahake

Payment methods

Transfers

Yes

Mastercard

Yes

Wire transfer

Yes

Card

Yes

Comparative table

Coinlist	FEATURES	Bitbns
CoinList offers a flexible minimum trade amount, accommodating both small and large investors, though specifics can vary based on the cryptocurrency.	Minimum Trade	Bitbns allows users to start trading with a low minimum trade amount, making it accessible for small investors.
Fees on CoinList are competitive but can be higher compared to some other exchanges, particularly for less common trading pairs.	Trading and Transaction Fees	Fees are competitive within the Indian market, but can be considered high internationally.
CoinList supports a variety of cryptocurrencies, especially new and emerging tokens not readily available on other platforms.	Number of Cryptocurrencies	Supports a diverse range of over 100 cryptocurrencies, catering to varied investor interests.
Offers a robust selection of crypto-to-crypto trading pairs, focusing on new and innovative tokens.	Crypto-to-Crypto Trading Pairs	Offers a solid selection of crypto-to-crypto trading pairs, enabling versatile trading strategies.
The website provides essential information; however, details about fees and some services could be more transparent.	Website Transparency	The website provides clear information on fees, trading processes, and security measures.
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	Bitbns lacks an exchange card feature, which could enhance user convenience and offer additional benefits for in-store purchases.
Provides secure storage options, including cold storage for major assets to ensure safety.	Storage Offering	Provides secure cold storage options, enhancing the safety of digital assets.
CoinList offers competitive staking opportunities, especially for newer tokens that are exclusive to the platform.	Staking and Rewards	Offers competitive staking options and rewards, encouraging user participation and investment.
Both mobile and desktop interfaces are user-friendly and well-designed, though occasional bugs affect performance.	Mobile App and Desktop	Both mobile and desktop platforms are well-designed, offering full functionality and user-friendly interfaces.
Customer service is a notable weak point, with slow response times and often unsatisfactory resolutions.	Customer Service	Excellent customer service with multiple channels for support and quick response times.
Supports a range of deposit and withdrawal methods, but improvements are needed in processing times and clarity on fees.	Deposit and Withdraw	Efficient deposit and withdrawal processes, though options may be limited compared to international standards.

Key features

Analysis tools

Basic information, no advanced tools

Basic charting tools

Mobile APP

Yes

Security

High 4,9/5

High 4/5

Additional features

Token sales, staking, lending services, CoinList Pro exchange

Margin trading, futures trading, staking, SIP investment plans

Anonymity

Key points

Available cryptocurrencies

50+, focuses on early access to new tokens

90+

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.

Bitbns is known for its simple and user-friendly interface. It is designed to make cryptocurrency trading accessible to everyone, including those who are new to the market.

Value for money

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

Provides good value for money with low trading fees and a wide range of supported cryptocurrencies, making it an affordable choice for traders.

Countries of operation

United States, Canada, United Kingdom, Australia, Germany

India, United States, United Kingdom, Canada, Australia

Best for

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

Ideal for Indian investors and others looking for a cost-effective platform with low trading fees and a wide range of cryptocurrencies.

Base currencies available

USD, BTC, USDT

INR, 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.

Bitbns is a good platform for Indian users, offering a wide range of cryptocurrencies and easy fiat integration. Its trading fees are competitive, but it lacks some advanced features and tools available on larger exchanges.

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.

Bitbns offers bank transfers and cryptocurrency deposits. Withdrawals are processed quickly, typically within 24 hours. Fees are competitive, making it a good choice for Indian users.

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.

Bitbns has a straightforward account opening process. Users need to submit personal information, verify their identity, and address. The process is efficient and usually takes less than a day, making it accessible for new users.

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.

Bitbns provides support through email, live chat, and a help center. The response time is quick, and support is available 24/7, making it reliable for users in India and beyond.

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.

Bitbns employs comprehensive security measures, including 2FA, encryption, and cold storage. However, it is not regulated by major financial authorities, which might be a concern for some investors.

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 an expert on our website, I recommend Bitbns for traders in India seeking a user-friendly and secure platform to dive into cryptocurrency trading. The exchange excels in transparency, customer service, and a robust mobile experience, making it highly suitable for both beginners and seasoned traders. However, potential users should consider the higher trading fees and limited international accessibility when deciding if Bitbns meets their trading needs.

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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.