Bingx vs Coinlist: Fees, Security, Features & Which to Choose (2025)

Trying to choose between Bingx and Coinlist This side-by-side comparison reveals total cost (fees + spreads), security & licenses, coins/derivatives, deposits/withdrawals, and app quality. In 2 minutes you’ll see who wins for beginners, active traders, and long-term holders. Clear pros/cons, a quick verdict, and safe links to get started.

Last updated on August 16, 2025

Bingx

Coinlist

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Available Countries

United States

Yes

Europe

Yes

Latin America

Yes

India

Yes

China

Canada

Yes

United Kingdom

Yes

United States

Yes

Europe

Yes

Latin America

Yes

India

China

Canada

Yes

United Kingdom

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Bingx is ideal if:

Social or copy traders: You’ll benefit from one of the most robust copy-trading ecosystems in crypto, with transparent trader metrics and automated execution tools.
Beginners needing ease and tools: The platform combines a clean, intuitive interface with demo trading, grid bots, and straightforward guidance—designed to ease newcomers into crypto trading.
Leverage and derivatives users: Advanced traders get access to high leverage (up to 125×), diverse derivatives beyond crypto (like forex, indices, commodities), and TradingView-style analysis features.

Coinlist is ideal if:

Great for early-stage crypto hunters: If you're looking to participate in high-quality token launches before they hit mainstream exchanges—such as Solana or Flow—CoinList offers standout access through its vetted token sale platform.
Strong on compliance and security: With established regulations, risk controls, KYC/AML procedures, and features like two-factor authentication and cold-storage partnerships, CoinList appeals to users who value legitimacy and safety.
Designed for engaged investors: If you're into staking, DeFi lending, testnet rewards, and boosting your “Karma” score for better access, CoinList’s layered ecosystem suits committed or active crypto participants.

Bingx isn’t ideal if:

You want direct fiat trading or card support: If you prefer depositing and withdrawing fiat currencies directly, this may be a drawback—BingX relies heavily on third-party or stablecoin conversions rather than full fiat integration.
You need full support in heavily regulated markets: Residents of countries like the US, UK, or Canada may not be able to access the platform due to local restrictions or compliance policies.
You expect phone-based customer support: Support options are limited to email and live chat, so if you need voice assistance, this platform may fall short for your needs.

Coinlist isn’t ideal if:

If you're seeking instant fiat deposits via cards: CoinList typically requires bank transfers and doesn’t support card or alternative fiat methods for many international users, making funding less flexible.
If you're frustrated by lengthy identity checks: The verification process can be prolonged and document-heavy, which might discourage those wanting quick, hassle-free access.
If you rely on contactless customer communication: Users occasionally report slow support responses or difficulty navigating the interface, especially via mobile or self-service channels.

Fees & Total Costs

Spot Maker/Take

Most major spot pairs carry a flat maker-and-taker rate of around 0.1 %, though less liquid or niche tokens may incur slightly higher rates up to 0.15 %, and VIP levels or usage of the native token can unlock discounts.

CoinList Pro applies a volume-tiered system where maker and taker costs progressively reduce for higher 30-day trading volumes, eventually reaching near-zero for top tiers, with occasional token-based rebates in special programs.

Futures/Derivatives

Perpetual futures typically cost about 0.02 % for makers and 0.05 % for takers, plus a funding rate that updates roughly every eight hours and can swing depending on market imbalances.

Futures and perpetual contracts remain in beta and follow similar tiered fee logic, while funding rates fluctuate with market conditions and are designed to balance the perpetual contract pricing relative to spot.

Average Spreads on Liquid Pairs

For top-tier pairs like BTC/USDT and ETH/USDT, the spreads are very tight, reflecting strong liquidity and efficient execution in the order book.

Spreads on major pairs are generally tight due to deep order books, though exact values vary with market volatility and time of day.

Fiat Deposits & Withdrawals

Users must rely on third-party services (like MoonPay or Mercuryo) or P2P methods for fiat funding; BingX itself doesn’t charge fees, but providers may, and processing times vary by method and geography.

Users can fund via bank wire or ACH (when supported); outgoing wires incur flat fees, while deposits usually arrive within a few business days and withdrawals are delayed due to holding requirements.

On-chain Withdrawals

Crypto withdrawals are charged a flat network-based fee per token—e.g., approximately 0.0005 BTC, 0.005 ETH, or 1 USDT (TRC-20)—subject to variation based on congestion and blockchain conditions.

Crypto withdrawals incur network fees set by the blockchain (e.g. Bitcoin, Ethereum), which are dynamic and based on chain activity—not fixed by CoinList itself.

Hidden Costs

Additional costs may include a 0.2 % currency conversion fee when depositing in a different fiat than your account base, possible inactivity or express KYC fees in rare cases, and variable third-party fees on fiat rails.

There are no hidden inactivity or covert conversion charges, though recovery fees and processing surcharges may apply for special cases like mistaken chain deposits or express document reviews.

Real-World Cost Example: “€500 BTC

In this scenario, you’d face the spot trading fee (~0.1 %), a small spread on BTC/USDT, any conversion fee if deposited in euros (~0.2 %), and the fixed network withdrawal fee to take BTC off the platform.

When you purchase €500 in BTC, your total cost combines the spot spread and applicable tiered trading fee, plus the blockchain’s network fee when you withdraw—keeping the model flexible rather than giving fixed numbers.

Crypto Offering & Trading Features

Number of Coins & Pairs

BingX supports over 1,000 cryptocurrencies across more than 1,000 trading pairs, with the top-20 pairs by volume heavily featuring mainstream assets like BTC/USDT, ETH/USDT, SOL, XRP, DOGE, ADA, LINK, and TRX.

CoinList supports around 70 cryptocurrencies and between 72 to 80 trading pairs, focusing on high-quality tokens in its limited but curated marketplace.

Product Range

The platform covers a full spectrum of instruments—spot trading, margin, perpetual futures (perps), copy trading, grid bots, staking, wealth products, lending/loans, and promotional staking, though it doesn’t currently offer options or crypto ETFs.

CoinList offers spot trading, OTC access, and beta perpetual futures; it does not currently provide margin, options, crypto ETFs, grid bots, copy trading, nor automated DCA tools.

Liquidity

BingX regularly sees multi-billion-dollar 24 h trading volume, with a deep order book on major pairs like BTC and ETH ensuring tight spreads and swift execution even amid market swings.

Exact figures aren’t publicly available, but CoinList tends to show limited 24-hour volume and modest order book depth, especially relative to major exchanges.

Tools

Traders can access a comprehensive toolkit

The platform supports advanced order types (e.g., stop, stop-limit, trailing, post-only), offers API/websocket access, but lacks native TradingView or built-in alert functionality.

Geographic Restrictions by Product

Certain advanced products—especially derivatives and copy trading—may be unavailable or restricted in jurisdictions like the US, UK, and Canada due to regulatory constraints.

Certain services—including derivatives and the launchpad—are not accessible to users in the U.S., Canada, and other restricted jurisdictions, due to regulatory and licensing constraints.

Innovation

BingX stands out with its Launchpad and Launchpool programs for new token access, plus flexible vs. locked staking options, making it attractive for users aiming to participate in early-stage token launches.

CoinList shines in early access via its launchpad and incentivized testnets; for staking, it distinguishes between locked launchpad tokens and staking funds, but doesn’t emphasize flexible earn programs.

Security, Regulation & Custody

Operating Entity & Jurisdiction

BingX is operated by BingX Group, established in 2018, with headquarters in Singapore and branch offices across the EU, Australia, and Hong Kong, serving a global user base.

CoinList is operated under Amalgamated Token Services Inc., with founding roots in 2017 and primary headquarters in San Francisco; services are offered through subsidiaries including CoinList Markets LLC, registered in the U.S. as a Money Services Business and money transmitter. (Based on legal info and state filings.)

Licenses/Registration

The platform holds Money Services Business (MSB) registrations in the United States and Canada, demonstrating regulatory compliance for digital asset and FX services in those regions.

CoinList Markets LLC is registered in the U.S. as a money transmitter with FinCEN and several states, reflecting compliance with relevant virtual asset service provider (VASP) requirements; while lending arms like CoinList Lend are not licensed lenders. (Inferred from entity disclosures.)

Custody

BingX entrusts custody to a combination of its own infrastructure and bank-grade systems, stores around 90 % of assets in cold wallets, publishes Proof of Reserves reports (typically bi-monthly), and undergoes independent audits by third parties.

Asset custody is managed through partnerships with leading custodians such as BitGo, Gemini Custody, Anchorage, Finoa, Copper, Coinbase Prime, and Fortress Trust—many held in insured cold storage; CoinList also introduced its own in-house custody arm (CoinList Digital Asset Services) to custody select assets. (Based on service info.)

Insurance & Protection Funds

A dedicated Shield Fund exists to safeguard users from extreme volatility and leveraged position failures, complementing the security infrastructure.

Funds held with custodial partners benefit from their insurance policies covering cold storage, and CoinList imposes no wallet or custody fees, enhancing transparency and alignment with user costs.

Incident History

In September 2024, BingX experienced a hot-wallet breach resulting in significant asset loss, after which it restored operations fully and launched the “ShieldX” security enhancement program.

CoinList settled a notable regulatory matter in 2023—an OFAC penalty over inadvertent sanction-related breaches—thus underscoring prior oversight but also willingness to remediate; there are no widely publicized hacks or fund losses reported.

Risk Controls

Users benefit from robust controls including mandatory two-factor authentication (2FA) via email, phone, or authenticator apps, optional fund-password separation, anti-phishing codes, withdrawal whitelists, account locking, AI-augmented withdrawal reviews, and granular API and sub-account permissions.

The platform mandates two-factor authentication via authenticator apps, works with vetted custodians, and enforces KYC/AML screening; it also relies on strong internal security practices, though features like whitelists, sub-accounts, and granular API permissions are not prominently offered.

Transparency

The platform provides periodic Proof of Reserves disclosures, engages in regular security audits and penetration testing, and offers enhanced monitoring via ShieldX infrastructure, though public wallet addresses or formal SLA documents are not prominently featured.

CoinList publishes legal disclosures and maintains a public legal repository but does not appear to offer monthly Proof-of-Reserves reports, public wallet addresses, or formal SLAs—though its collaborations with regulated custodians and structured legal documentation contribute to transparency.

Deposits, Withdrawals, KYC & Support

Fiat Deposit Methods

BingX accepts fiat deposits via bank transfers (such as SEPA or local rails), credit/debit cards, and e-wallets; daily and monthly limits vary by KYC level—unverified users face tighter limits, while advanced-verified accounts enjoy unlimited access—and deposit times range from instant to a few business days depending on the method and region.

You can deposit via credit/debit cards, Apple Pay, or Google Pay, which typically credit instantly; bank wires (ACH, SEPA, domestic, international) are supported in eligible regions with processing times ranging from same-day (domestic) to a few business days—specific minimums and maximums aren’t publicly listed and can vary by user and region.

Supported Fiat Currencies & Conversion

KYC (Verification Levels)

BingX offers tiered KYC—Unverified, Basic, and Advanced—with gradually increasing deposit and withdrawal limits; for example, unverified users have modest caps, Basic KYC allows mid-tier limits, while Advanced KYC unlocks unlimited usage and fiat features like launchpad access.

All users must complete full identity verification—basic or advanced tiers aren’t differentiated publicly—and the process typically takes 0–3 business days for individuals, with stricter document requirements and activity restrictions until completion.

Withdrawals

limits, times, and networks

Limits, Timing & Networks

Customer Support

BingX provides 24/7 support via live chat (web/app) and email, backed by a comprehensive Help Center; response times are generally prompt, and they regularly upgrade their support system to enhance reliability.

Support is available via email and help-desk tickets through the portal, with response times often within a day; there is no live chat or phone support, and the help portal serves as the central knowledge base.

Languages & Localization

The platform supports multiple languages (English, Spanish, French, etc.) and displays fees in fiat like EUR or USD depending on user region; Turkish support was removed recently due to regulatory changes, but localization remains robust overall.

The platform operates primarily in English, with fees and balances displayed in USD or EUR, and regulatory disclosures aligned with local requirements in supported jurisdictions—but localized language support remains limited.

App Quality & Stability

The new CoinList mobile app (updated August 12, 2025) delivers a clean, user-friendly experience with push notifications and integrated wallets; while generally stable, occasional crashes can happen and reinstall or support tickets are recommended for resolution.

Experience, Performance & Ecosystem

UX/UI

While there’s no official crash-rate metric, users frequently report occasional app crashes or performance hiccups on both Android and iOS; BingX recommends keeping the app updated, clearing cache, and restarting it to mitigate such issues.

CoinList offers a streamlined interface where the “Pro Trading” experience is now fully integrated into the main dashboard, eliminating the need to switch platforms and smoothing the transition for both beginners and more advanced users.

Performance

Order latency is generally low, ensuring quick fills even under normal market conditions, though performance can slow slightly during volatile spikes; KYC queues may grow during bull runs, causing temporary delays before trading access is granted.

The platform generally delivers responsive trade execution under normal conditions, though high-demand launch events may introduce delays; rapid surges in registrations have previously led to temporary verification backlogs during bull markets.

Education

Users enjoy access to a built-in academy with tutorials, demo trading and simulator features to practice risk-free, as well as educational materials increasingly available in Spanish, though the depth varies by content.

CoinList does not currently provide demo or simulation tools or educational content in Spanish—its platform is largely English-focused, though users receive guidance around token launches and participation workflows.

Community

There’s an active official presence across forums, Telegram, and occasionally Discord, supported by a referral program that rewards users for bringing in new traders—this community dynamic enhances learning and engagement.

CoinList fosters a tight-knit community via its official blog, Discord, and Twitter; it also runs an active referral program that rewards users for inviting others to explore token events and trading.

Integrations

The platform integrates with TradingView for advanced charting, supports external trading bots, and works with third-party tax and accounting tools—simplifying strategy execution and post-trading record-keeping.

The platform lacks native TradingView embeds or third-party trading bot support, and does not offer integrated tax tracking or accounting tools at this time.

Who Each One Is Best For

The interface’s dual mode suits both beginners (Lite) and seasoned traders (Pro); the robust ecosystem and tools make it especially attractive for users focused on social trading, automated strategies, and efficient workflow integration.

CoinList is best suited for proactive crypto enthusiasts looking to participate early in token launches within a compliant, streamlined environment, rather than users seeking beginner-friendly simulators or full suite trading integrations.