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Home Platforms AAVE vs Coinloan

Compare AAVE vs Coinloan

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Definda Score™

The Definda Score is an impartial, objective analysis of platform features.
Savings Rates
3
Loan Rates
9
Established
5.5
Reviews
7.5
Risk Management
5
Withdrawals
8
Coverage
3
Support
5
Savings Rates
10
Loan Rates
10
Established
2.5
Reviews
8.9
Risk Management
8
Withdrawals
6
Coverage
2.7
Support
10
Savings Rates
3
Savings Rates
10
Loan Rates
9
Loan Rates
10
Established
5.5
Established
2.5
Reviews
7.5
Reviews
8.9
Risk Management
5
Risk Management
8
Withdrawals
8
Withdrawals
6
Coverage
3
Coverage
2.7
Support
5
Support
10

Pros & Cons

tick Very low loan rates available
tick No origination or early redemption fees
tick Interest accrued every second
tick Savings interest payments remain attached to coin even if transferred off platform
tick Fully open source platform
tick One of the largest crypto loan platforms
tick Quicker time to withdraw crypto than than Coinloan (Under 1 hour vs 24 hours)
tick Know your customer checks are required on AAVE but not on Coinloan
tick High LTV of up to 70% available on loans
tick High savings account interest rates
tick Daily compound interest
tick All savings accounts are instant access
tick Full transparency on company location and regulation status
tick No hidden fees
tick Simple and intuitive web and phone app
tick No credit checks
tick Russian and German language versions
tick Higher average review rating than AAVE (89% vs 75%)
tick More reviews than AAVE (1,062 vs 25 reviews)
tick Higher rating on Trustpilot than AAVE (4.2 vs 2.9 stars)
tick Fiat exchange available on Coinloan but not on AAVE
tick Instantly buy crypto with fiat on Coinloan but not on AAVE
tick Coinloan uses cold storage crypto wallets but AAVE does not
tick Coinloan uses two factor authentication but AAVE does not
tick Has 24/7 support but AAVE doesn't
tick Has phone support but AAVE doesn't
tick Has chat support but AAVE doesn't
tick Invests in liquidity pools but AAVE doesn't
tick Invests in DeFi products but AAVE doesn't
tick Interface supports Russian and German whereas AAVE doesn't
Savings Rates
tick Coinloan will pay interest on 3 fiat currency deposits not offered by AAVE:
Pounds Sterling (GBP)
Euros (EUR)
Russian Ruble (RUB)
More ...
tick Coinloan has a higher base saving rate for 5 stable coins:
Tether (USDT) (10.3% vs 0.696%)
USD Coin (USDC) (10.3% vs 0.26%)
Dai (DAI) (10.3% vs 0.00554%)
TrueUSD (TUSD) (10.3% vs 0.111%)
Pax Dollar (USDP) (10.3% vs 0.631%)
More ...
3 more savings rates pros ...
Loan Rates
tick AAVE has a lower loan rate for 2 stable coins:
USD Coin (USDC) (1.35 - 2.27% vs 4.5%)
TrueUSD (TUSD) (0.649 - 1.93% vs 4.5%)
tick AAVE offers loans in Dai (DAI) stable coin deposits whereas Coinloan does not
5 more loan rates pros ...
Loan Rates
tick Coinloan offers loans in 2 fiat currency deposits not offered by AAVE:
Pounds Sterling (GBP)
Euros (EUR)
tick Coinloan offers loans in 2 stable coin deposits not offered by AAVE:
2 more loan rates pros ...
cross Interface is a bit complex and confusing for amateur users
cross Transaction (gas) fees on the Ethereum network can be high, but AAVE does support a number of much cheaper Ethereum sidechains including Polygon and Avalanche
cross Withdrawls from savings account are not instant. They are processed daily at 14:00 UTC.
cross Funds must be manually moved from wallet to interest account to start earning interest
cross Savings account interest calculated daily but only paid out monthly
cross Low LTV required to get the best loan rates
cross 1% loan setup fee (0.5% if paid in CLT)
cross No loans in USD available
cross High LTV of up to 70% could put savers at risk in the event of a crypto crash
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Withdrawals

Withdrawal Time
Less than 1 hour
Withdrawal Time
24 hours
Withdrawal Score
8
Withdrawal Score
6
Withdrawals Experience

The AAVE platform is fully decentralised and all deposits and withdrawls are handled completely automatically. This means withdrawls are very fast, and simply depend on the speed of the Ethereum network or side chain. There are no records of AAVE withdrawls being halted or frozen.

Withdrawals Experience

If your funds are invested in a Coinloan savings account and you want to withdraw them from the platform you must first make a withdrawal request from the savings account back to to your Coinloan wallet. These withdrawals from savings accounts are not instant. Savings account withdrawals are processed every day at 14:00 UTC. This means you could be waiting up to 24 hours for your withdrawal request to be actioned.

Once funds have been returned to your Coinloan crypto wallet you can then apply for these funds to be withdrawn from the platform altogether. These withdrawals are normally completed swiftly. In our tests they were completed in under an hour.

Fiat withdrawals from Coinloan are processed during business hours only and may take up to 24 hours to be processed. From the time of processing it could take up to 3 further business days for the funds to clear the banking system and arrive in your bank account.

Minimum withdrawal amounts apply, which are around $50 USD for most cryptocurrencies, 10 EUR for SEPA fiat transfers and 5,000 EUR for fiat swift transfers. There is also a maximum daily withdrawal limit of $500k USD for all currencies. You can request for this withdrawal limit to be increased.

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Risk

Risk Management Score
5
Risk Management Score
8
Risk Management

AAVE is itself a liquidity pool and some people consider this entire ecosystem to be higher risk. Having said this, AAVE's system has held up well to date, with no major hacks or security breaches.

AAVE is complex product and there remains a risk of a major bug or vulnerability in the code. To counteract this risk AAVE's protocol code is open source so it can be reviewed by anybody, plus it has been through multiple security audits. Finally, there is and active bug bounty campaign with rewards of up to $250,000 for the identification of a critical code issue.

The other key area of risk is in the loan liquidation process. In the event that a loan needs to be liquidated it may not be possible to generate sufficient funds through the sale of the collateral to cover the loan. For example there may be insufficient in the collateral token marketplace to realise the expected value of the collateral.

Risk Management

On the technical security front, Coinloan employs the usual two factor authentication 2FA approach to account security, which makes accessing an individual account extremely difficult without also being in possession of the 2FA device. In addition to this, Coinloan have employed Blaze to undertake a third party security audit of Coinloan to check for potential vulnerabilities. Blaze were "very impressed with CoinLoan’s initial security standards", and have proposed further enhancements to the security of the platform. Coinloan do appear to be committed to maintaining a high level of technical security on their platform.

Coinloan adopt a conservative, risk adverse strategy to investing funds in order to generate yield. They state that they adopt market neutral investment strategies that do not depend on the overall price trend of the market. Such strategies would include arbitrage and spread trading. Such strategies are good news for depositors as it makes the platform less susceptible to liquidity issues, when a platform can be unable to repay to depositors because too much money is tied up in loans.

Coinloan categorically state that they do not invest in DeFi protocols as they see them as too risky and all loans are fully collateralised. This collateral can be used to repay the loan in the event of a default by the borrower. They also state they avoid futures orders and other financial products that may lead to margin calls or position liquidation.

Some crypto platforms have employed third party auditors to verify their financial reserves. This proof of reserves provides reassurance to the depositors that funds are available if they need to make a withdrawal. Coinloan do not currently provide proof of reserves.

Coinloan have provided further details on their investment strategy in a detailed blog post. The transparency displayed is reassuring.

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Reviews

75% based on 25 reviews
89% based on 1,062 reviews
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Savings Rates

The table below compares the savings rates for AAVE and Coinloan. Enter the amount you intend to deposit to get a more detailed comparison.
Fiat Currencies
Stable Coins
DAI Dai
0.00554% - 0.828% APY
0.00554% - 0.828% APY
FRAX Frax
1.35% APY
1.35% APY
0.364% APY
0.364% APY
TUSD TrueUSD
0.111% - 0.358% APY
0.111% - 0.358% APY
USDC USD Coin
0.26% - 0.667% APY
0.26% - 0.667% APY
USDP Pax Dollar
0.631% APY
0.631% APY
USDT Tether
0.696% - 2.13% APY
0.696% - 2.13% APY
Crypto Currencies
BAL Balancer
1.39% - 5.41% APY
1.39% - 5.41% APY
1.02% - 1.05% APY
1.02% - 1.05% APY
0.22% - 0.545% APY
0.22% - 0.545% APY
0.446% - 2.42% APY
0.446% - 2.42% APY
2.59% APY
2.59% APY
0.0239% - 0.041% APY
0.0239% - 0.041% APY
0.274% APY
0.274% APY
ETH Ethereum
0.206% APY
0.206% APY
FEI Fei USD
0.616% APY
0.616% APY
0.717% - 0.943% APY
0.717% - 0.943% APY
LINK Chainlink
0.0052% - 0.982% APY
0.0052% - 0.982% APY
0.127% - 0.455% APY
0.127% - 0.455% APY
MKR Maker
0.00075% - 0.37% APY
0.00075% - 0.37% APY
2.46% APY
2.46% APY
RENFIL renFIL
0.796% APY
0.796% APY
SNX Synthetix
0.624% - 14.9% APY
0.624% - 14.9% APY
UNI Uniswap
0.14% APY
0.14% APY
WAVAX Wrapped AVAX
0.259% APY
0.259% APY
0.00296% - 0.102% APY
0.00296% - 0.102% APY
WMATIC Wrapped Matic
1.56% APY
1.56% APY
XSUSHI xSUSHI
%
%
0.041% - 0.47% APY
0.041% - 0.47% APY
ZRX 0x
0.00309% - 0.0724% APY
0.00309% - 0.0724% APY
Loading rates ...
Fiat Currencies
EUR Euros
10.3% APY
10.3% APY
GBP Pounds Sterling
10.3% APY
10.3% APY
RUB Russian Ruble
8.3% APY
8.3% APY
Stable Coins
DAI Dai
10.3% - 12.3% APY
10.3% - 12.3% APY
TUSD TrueUSD
10.3% - 12.3% APY
10.3% - 12.3% APY
USDC USD Coin
10.3% - 12.3% APY
10.3% - 12.3% APY
USDP Pax Dollar
10.3% - 12.3% APY
10.3% - 12.3% APY
USDT Tether
10.3% - 12.3% APY
10.3% - 12.3% APY
Crypto Currencies
ADA Cardano
7.2% - 9.2% APY
7.2% - 9.2% APY
5.2% - 7.2% APY
5.2% - 7.2% APY
BNB BNB
7.2% - 9.2% APY
7.2% - 9.2% APY
BTC Bitcoin
5.2% - 7.2% APY
5.2% - 7.2% APY
10.3% - 12.3% APY
10.3% - 12.3% APY
DOT Polkadot
5.2% - 7.2% APY
5.2% - 7.2% APY
ETH Ethereum
5.2% - 7.2% APY
5.2% - 7.2% APY
LINK Chainlink
5.2% - 7.2% APY
5.2% - 7.2% APY
LTC Litecoin
5.2% - 7.2% APY
5.2% - 7.2% APY
MKR Maker
5.2% - 7.2% APY
5.2% - 7.2% APY
PAXG PAX Gold
5.2% - 7.2% APY
5.2% - 7.2% APY
SOL Solana
7.2% - 9.2% APY
7.2% - 9.2% APY
5.2% - 7.2% APY
5.2% - 7.2% APY
XLM Stellar
5.2% - 7.2% APY
5.2% - 7.2% APY
XMR Monero
3% - 5% APY
3% - 5% APY
XRP XRP
5.2% - 7.2% APY
5.2% - 7.2% APY
Loading rates ...
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Loans Rates

The table below compares the loan rates for AAVE and Coinloan. Enter the amount you intend to borrow to get a more detailed comparison.
Fiat Currencies
Stable Coins
DAI Dai
1.47% - 4.64% APY
77% LTV 1.47% - 4.64% APY
TUSD TrueUSD
0.649% - 1.93% APY
80% LTV 0.649% - 1.93% APY
USDC USD Coin
1.35% - 2.27% APY
85.5% LTV 1.35% - 2.27% APY
Crypto Currencies
AAVE Aave
3% APY
50% LTV 3% APY
BAL Balancer
5.21% - 14.6% APY
65% LTV 5.21% - 14.6% APY
BAT Basic Attention Token
3.87% - 4.47% APY
75% LTV 3.87% - 4.47% APY
CRV Curve DAO Token
2.94% - 6.86% APY
55% LTV 2.94% - 6.86% APY
DPI DeFi Pulse Index
6.73% APY
65% LTV 6.73% APY
ENJ Enjin Coin
0.711% - 1.14% APY
60% LTV 0.711% - 1.14% APY
ENS Ethereum Name Service
2.31% APY
50% LTV 2.31% APY
ETH Ethereum
0.904% APY
0.75% LTV 0.904% APY
FEI Fei USD
1.96% APY
65% LTV 1.96% APY
KNCL Kyber Network Crystal Legacy
3.33% - 3.4% APY
60% LTV 3.33% - 3.4% APY
LINK Chainlink
0.26% - 4.37% APY
70% LTV 0.26% - 4.37% APY
MANA Decentraland
0.99% - 3.21% APY
61.5% LTV 0.99% - 3.21% APY
MKR Maker
0.0849% - 2.68% APY
65% LTV 0.0849% - 2.68% APY
SNX Synthetix
4.91% - 27.8% APY
49% LTV 4.91% - 27.8% APY
UNI Uniswap
1.65% APY
60% LTV 1.65% APY
WAVAX Wrapped AVAX
2.18% APY
50% LTV 2.18% APY
WBTC Wrapped Bitcoin
0.0936% - 1.25% APY
70% LTV 0.0936% - 1.25% APY
WMATIC Wrapped Matic
5.5% APY
65% LTV 5.5% APY
XSUSHI xSUSHI
0.00154% APY
50% LTV 0.00154% APY
YFI yearn.finance
0.787% - 3.02% APY
50% LTV 0.787% - 3.02% APY
ZRX 0x
0.159% - 1.13% APY
65% LTV 0.159% - 1.13% APY
Loading rates ...
Fiat Currencies
EUR Euros
4.5% - 12% APR
70% LTV 4.5% - 12% APR
GBP Pounds Sterling
4.5% - 12% APR
70% LTV 4.5% - 12% APR
Stable Coins
TUSD TrueUSD
4.5% - 12% APR
70% LTV 4.5% - 12% APR
USDC USD Coin
4.5% - 12% APR
70% LTV 4.5% - 12% APR
USDP Pax Dollar
4.5% - 12% APR
70% LTV 4.5% - 12% APR
USDT Tether
4.5% - 12% APR
70% LTV 4.5% - 12% APR
Crypto Currencies
BTC Bitcoin
4.5% - 7.5% APR
70% LTV 4.5% - 7.5% APR
BUSD Binance USD
4.5% - 12% APR
70% LTV 4.5% - 12% APR
ETH Ethereum
4.5% - 7.5% APR
70% LTV 4.5% - 7.5% APR
LINK Chainlink
4.5% - 7.5% APR
70% LTV 4.5% - 7.5% APR
LTC Litecoin
4.5% - 7.5% APR
70% LTV 4.5% - 7.5% APR
WBTC Wrapped Bitcoin
4.5% - 7.5% APR
70% LTV 4.5% - 7.5% APR
XMR Monero
4.5% - 7.5% APR
70% LTV 4.5% - 7.5% APR
XRP XRP
4.5% - 7.5% APR
70% LTV 4.5% - 7.5% APR
Loading rates ...
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Company

Legal name
Aave SAGL
Legal name
CoinLoan OÜ
Year founded
2017
Year founded
2017
Country incorporated in
222
Country incorporated in
77
Headquarters country
1
Headquarters country
77
Platform token
Aave
Platform token
CoinLoan
Centralised
tick Yes
Centralised
tick Yes
Number of employees
50-100
Number of employees
11-50
Total assets under management
$18,000,000,000USD
Total assets under management
Withdrawal time in hours
0
Withdrawal time in hours
24hours
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Products

Savings accounts
tick Yes
Savings accounts
tick Yes
Loans
tick Yes
Loans
tick Yes
Crypto to crypto exchange
tick Yes
Crypto to crypto exchange
tick Yes
Fiat to crypto exchange
cross No
Fiat to crypto exchange
tick Yes
Pro exchange marketplace
cross No
Pro exchange marketplace
cross No
Peer to peer exchange
cross No
Peer to peer exchange
cross No
Margin trading
cross No
Margin trading
Corporate accounts
tick Yes
Corporate accounts
tick Yes
Instantly buy crypto with fiat
cross No
Instantly buy crypto with fiat
tick Yes
Integrated crypto wallet
tick Yes
Integrated crypto wallet
tick Yes
Crypto withdrawals to private wallet
tick Yes
Crypto withdrawals to private wallet
tick Yes
Fast account verification
tick Yes
Fast account verification
tick Yes
Futures exchange
cross No
Futures exchange
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Security

Insurance level
Insurance level
$100,000,000USD
Cold storage
cross No
Cold storage
tick Yes
Cold storage custodian
Cold storage custodian
BitGo
Two factor authentication
cross No
Two factor authentication
tick Yes
Credit check
cross No
Credit check
cross No
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Support

24/7 support
cross No
24/7 support
tick Yes
Email support
tick Yes
Email support
tick Yes
Phone support
cross No
Phone support
tick Yes
Chat support
cross No
Chat support
tick Yes
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Fees

Exchange fees
0% exchange fees
Exchange fees
0% exchange fees
Fiat deposit fee
Fiat deposit fee
tick Free
Fiat withdrawal fee
Fiat withdrawal fee
tick Free
Crypto deposit fee
0
Crypto deposit fee
tick Free
Withdrawal process
The AAVE platform is fully decentralised and all deposits and withdrawls are handled completely automatically. This means withdrawls are very fast, and simply depend on the speed of the Ethereum network or side chain. There are no records of AAVE withdrawls being halted or frozen.
Withdrawal process
Withdrawals form savings accounts are processed daily at 14:00 UTC. Withdrawals from your crypto wallet are processed promptly, normally within an hour.
Withdrawal time
0
Withdrawal time
24 hours
Crypto withdrawal fee
0
Crypto withdrawal fee
tick Free
Savings crypto account withdrawal limit
Unlimited
Savings crypto account withdrawal limit
Unlimited
Loan crypto account withdrawal limit
Unlimited
Loan crypto account withdrawal limit
Unlimited
Savings fiat account withdrawal limit
Savings fiat account withdrawal limit
Unlimited
Loan fiat account withdrawal limit
Loan fiat account withdrawal limit
Unlimited
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Investment Strategy

Liquidity pools
tick Yes
Liquidity pools
cross No
DeFi products
tick Yes
DeFi products
cross No
Unsecured loans
Unsecured loans
cross No
Independent proof of reserves
Independent proof of reserves
cross No
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Registrations & Regulation

Know your customer
cross No
Know your customer
tick Yes
Regulators
Regulated in the UK by the Financial Conduct Authority
Regulators
Regulated in Estonia
Financial Conduct Authority
tick Yes
Financial Conduct Authority
Financial Crimes Enforcement Network
Financial Crimes Enforcement Network
tick Yes
IRS - Foreign Account Tax Compliance Act
IRS - Foreign Account Tax Compliance Act
tick Yes
European Union Intellectual Property Office Trademark
European Union Intellectual Property Office Trademark
tick Yes
Majandustegevuse Register - Virtual Currency Provider License
Majandustegevuse Register - Virtual Currency Provider License
tick Yes
Majandustegevuse Register - Financial Institution License
Majandustegevuse Register - Financial Institution License
tick Yes
PCI DSS v3.2.1 Level 1
PCI DSS v3.2.1 Level 1
tick Yes
CryptoCurrency Security Standard (CCSS)
CryptoCurrency Security Standard (CCSS)
tick Yes
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Other Platform Comparisons

Important Message Definda does not provide any financial advice. All information is provided for research purposes only. DeFi is a rapidly evolving industry. Most businesses in the sector are very young and it is possible that some of them could go out of business in the future. Such an event could result in the loss of your investment. You should do your own research or consult a financial advisor before investing any money. Please read and satisfy yourself with our terms before continuing to use our website. We offer a free impartial comparison service of savings, loans and other DeFi products. We may receive a small commission from some of the companies listed, but this never influences our rankings. If you spot any errors in the information listed then please contact us at info@definda.com.

Why Compare With Definda?

tick Completely Impartial

We always rank and compare products objectively and impartially.

tick Careful Research

We carefully research products for legitimacy before adding them to the platform.

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We never sell or disclose your data to anyone.

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