Fiat deposits are subject to a 7-day holding period. During this time, your account must maintain a total balance equal to or greater than the amount you deposited in order to be eligible for withdrawals.
For example, if you deposit $100 and then trade those funds into another asset, you will not be able to withdraw unless your total account balance remains at or above $100 throughout the 7-day window. This safeguard helps protect users and the platform from potential risk and ensures secure movement of funds.
Once the 7-day period ends or your account balance stays above the deposited amount, withdrawals will be allowed as normal.
Fiat on-ramps are initially available to CoinList users in eligible regions, including U.S. states where CoinList holds money transmitter licenses (MTLs) and most countries globally where we operate (see our list of supported jurisdictions).
Fiat deposits are now built right into your CoinList wallet:
CoinList does not charge fees associated with depositing fiat, however, there is an associated service fee charged by our payment partner and paid at checkout. This fee is not paid to CoinList.
You can find more information about fees here.
The time it takes for your fiat deposit to be credited to your account primarily depends on your bank's processing times and the payment method used, influenced by factors such as the bank's internal procedures.
Debit cards, Credit cards, Apple Pay, and Google Pay, and ACH deposits should instantly appear in your CoinList wallet.