Help & FAQs / Cashback

How long does it take to receive my Cashback rewards?

Get rewarded daily. Your USDC Cashback hits your account every single day. No waiting, just earning.

Other Cashback Questions

What is the maximum amount of Cashback I could receive?

Your Cashback is capped at 25% of your eligible trading volume each day and this limit resets daily, so you have a new opportunity every day to earn more!

Can I use my Cashback rewards for trading fees or withdrawals?

Currently, Cashback rewards are credited in USDC and can be withdrawn or used for your next trading.

Do ineligible trades reduce my payouts or awards in any way?

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.

I’ve never traded on the CoinList app before. Can I earn Cashback rewards on my first trade?

Yes, you can start earning Cashback rewards from your very first trade on the CoinList mobile app. The Cashback rewards will be calculated based on your trade volume and credited in USDC.

Do I need to opt in for the Cashback program?

No, there’s no opt-in required. As long as you trade through the CoinList mobile app, you’ll automatically be eligible for the Cashback program.

Who is eligible for the Cashback program?

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.

What determines how much Cashback I’ll receive?

Every eligible trade earns you at least 0.25% Cashback.

You could also get bonus Cashback, which is given out randomly. The more often you trade and the more you trade, the higher your chances of getting extra rewards.

So, the more I trade, the higher the chance of receiving a bigger Cashback amount?

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.

Where can I find the history of my rewards distribution in the CoinList Mobile App?

You can view your rewards distribution history by following the steps below:

Open the CoinList mobile app and go to your profile.
Tap the “Cashback Rewards” button located below your total wallet balance.
Your Cashback History will appear, showing all your past reward activities.

How do I earn Cashback?

The more you trade on the CoinList Mobile App, the bigger your USDC Cashback rewards. It’s that simple. Trade more, earn more.

What types of trades qualify for Cashback eligibility?

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.

Will the Cashback affect my taxes or reporting?

CoinList cannot provide tax advice. If you have questions about how to account for Cashback rewards for tax purposes, we recommend consulting a qualified local tax advisor.

What is CoinList’s Cashback feature?

CoinList’s Cashback feature gives exclusive rewards in USDC when you trade using the CoinList Mobile App, just for our mobile users.

How do I report issues with my Cashback rewards?

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.

Which token do I receive as Cashback rewards?

All Cashback rewards are paid in USDC.

Is there a minimum trade amount to qualify for Cashback rewards?

No, all Cashback eligible trades will qualify for rewards regardless of size.

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