Most trades made through the CoinList mobile app qualify for Cashback, except trades between two dollar stablecoins, trades between eth staking derivatives, and trades between various forms of wrapped assets and their underlying are not eligible for Cashback.
For example:
Trades between two dollar stablecoins like USDC ↔ USDT
Trades between ETH staking derivatives like stETH ↔ eETH
Trades between wrapped assets and their underlying tokens like WBTC ↔ BTC
All other trades are eligible to receive Cashback rewards. So, if you trade between different asset types or non-stable assets, you’ll qualify for Cashback.
All KYC-verified users who can initiate trades on our mobile app are eligible. Additionally, the user’s account must not be subject to any restrictions due to violations of terms and conditions. Please note that CoinList does not support users from the countries listed here.
No. Ineligible trades won’t hurt your chances of receiving bonus Cashback.
However, keep in mind that if you include ineligible trades when calculating your Cashback as a percentage of your total trading volume, your effective Cashback rate might look lower. But your actual rewards are based only on eligible trades.
You’ll be able to view your rewards distribution history by following steps below:
Go to your profile on CoinList mobile app
Tap the “Total Cashback” button. This will open your Cashback history. (Please note: this feature isn’t available yet, but it will be added in an upcoming release.)
Yes, trading more often and in higher amounts increases your chances of receiving larger bonus Cashback rewards.
However, please note that bonus Cashback is randomized, so while active traders are more likely to receive more, it’s not guaranteed for every trade.
If you experience any issues with your Cashback rewards, please contact our support team by opening a ticket here: https://support.coinlist.co/en/support/tickets/new.