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Home Platforms Coinloan vs Kraken

Compare Coinloan vs Kraken

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Pros & Cons

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 Kraken, but based on fewer reviews (90% vs 80%)
tick Higher rating for android phone app than Kraken (4.3 vs 4.2 stars)
tick Higher rating on Trustpilot than Kraken (4.3 vs 2.2 stars)
tick Offers loans but Kraken doesn't
tick Account verification in less than 1 hour available on Coinloan but not on Kraken
tick Interface supports German whereas Kraken doesn't
tick One of the biggest crypto exchanges in the world
tick Large selection of supported cryptocurrencies
tick Very competitive maker and taker fees
tick Available in almost all countries
tick More reviews than Coinloan (19,858 vs 1,044 reviews)
tick Been in business longer than Coinloan (Founded 2011 vs 2017)
tick Pro exchange marketplace available on Kraken but not on Coinloan
tick Interface supports French, Japanese, Turkish, Vietnamese, Portuguese-Portuguese, Spanish, Simplified Chinese, Italian and Filipino whereas Coinloan doesn't
Savings Rates
tick Coinloan will pay interest on 3 fiat currency deposits not offered by Kraken:
Pounds Sterling (GBP)
Euros (EUR)
Russian Ruble (RUB)
More ...
tick Coinloan will pay interest on 5 stable coin deposits not offered by Kraken:
3 more savings rates pros ...
Savings Rates
tick Kraken has a higher base saving rate for 2 crypto currencies:
Ethereum (ETH) (5.5% vs 5.2%)
Polkadot (DOT) (12% vs 5.2%)
tick Kraken will pay interest on 7 crypto currency deposits not offered by Coinloan:
1 more savings rates pro ...
Loan Rates
tick Coinloan offers loans in 2 fiat currency deposits not offered by Kraken:
Pounds Sterling (GBP)
Euros (EUR)
tick Coinloan offers loans in 4 stable coin deposits not offered by Kraken:
2 more loan rates pros ...
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
cross A bit complex for beginners
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Reviews

90% based on 1,044 reviews
80% based on 19,858 reviews
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Savings Rates

The table below compares the savings rates for Coinloan and Kraken. Enter the amount you intend to deposit to get a more detailed comparison.
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 ...
Fiat Currencies
Stable Coins
Crypto Currencies
ADA Cardano
5% APR
5% APR
ALGO Algorand
4.75% APR
4.75% APR
ATOM Cosmos
7.5% APR
7.5% APR
BTC Bitcoin
0.25% APR
0.25% APR
DOT Polkadot
12% APR
12% APR
ETH Ethereum
5.5% APR
5.5% APR
FLOW Flow
7.5% APR
7.5% APR
KAVA Kava
23% APR
23% APR
KSM Kusama
18% APR
18% APR
MINA Mina
16% APR
16% APR
SOL Solana
6.5% APR
6.5% APR
XTZ Tezos
4.7% APR
4.7% APR
Loading rates ...
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Loans Rates

The table below compares the loan rates for Coinloan and Kraken. Enter the amount you intend to borrow to get a more detailed comparison.
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 ...
Fiat Currencies
Stable Coins
Crypto Currencies
Loading rates ...
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Company

Legal name
CoinLoan OÜ
Legal name
Payward Inc
Year founded
2017
Year founded
2011
Country incorporated in
77
Country incorporated in
2
Headquarters country
77
Headquarters country
2
Platform token
CoinLoan
Platform token
Centralised
tick Yes
Centralised
tick Yes
Number of employees
11-50
Number of employees
250
Number of users
Number of users
4,000,000
Total assets under management
Total assets under management
$10,000,000,000USD
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Products

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

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

24/7 support
tick Yes
24/7 support
tick Yes
Email support
tick Yes
Email support
tick Yes
Phone support
tick Yes
Phone support
tick Yes
Chat support
tick Yes
Chat support
tick Yes
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Fees

Maker fee
Maker fee
0%
Taker fee
Taker fee
0%
Exchange fees
0% exchange fees
Exchange fees
Maker and taker fees vary by 30 day trade volume and go as low as 0% maker fee and 0.1% taker fee for traders exchanging more than $10,000,000 per month
Fiat deposit fee
tick Free
Fiat deposit fee
tick Free
Crypto deposit fee
tick Free
Crypto deposit fee
tick Free
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Investment Strategy

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

Know your customer
tick Yes
Know your customer
tick Yes
Regulators
Regulated in Estonia
Regulators
Regulated by FinCEN in the USA, FINTRAC in Canada, FCA in the UK, the Australian Transaction Reports and Analysis Centre in Australia and the FSA in Japan
Financial Crimes Enforcement Network
tick Yes
Financial Crimes Enforcement Network
tick Yes
IRS - Foreign Account Tax Compliance Act
tick Yes
IRS - Foreign Account Tax Compliance Act
European Union Intellectual Property Office Trademark
tick Yes
European Union Intellectual Property Office Trademark
Majandustegevuse Register - Virtual Currency Provider License
tick Yes
Majandustegevuse Register - Virtual Currency Provider License
Majandustegevuse Register - Financial Institution License
tick Yes
Majandustegevuse Register - Financial Institution License
PCI DSS v3.2.1 Level 1
tick Yes
PCI DSS v3.2.1 Level 1
CryptoCurrency Security Standard (CCSS)
tick Yes
CryptoCurrency Security Standard (CCSS)
Financial Conduct Authority
Financial Conduct Authority
tick Yes
Financial Transactions and Reports Analysis Centre of Canada - Money Service Business Registration
Financial Transactions and Reports Analysis Centre of Canada - Money Service Business Registration
tick Yes
Australian Securities and Investment Commission - Registration as Foreign Company
Australian Securities and Investment Commission - Registration as Foreign Company
tick Yes
Financial Services Agency - Crypto Asset Exchange Operator
Financial Services Agency - Crypto Asset Exchange Operator
tick Yes
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