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Home Platforms Coinloan
Coinloan reviews
Review Score
89%
1,062 Reviews
Platform Age
5 Years
HQ Country
Estonia
Max BTC Savings Rate
7.2%
APY

Average rating of 89% based on 1,062 reviews.

Founded 5 years ago in 2017.

Headquartered in Estonia.

Bitcoin (BTC) savings rates up to 7.2% APY.

Go to Coinloan earnings calculator

Average rating of 89% based on 1,062 reviews.

Founded 5 years ago in 2017.

Headquartered in Estonia.

Bitcoin (BTC) savings rates up to 7.2% APY.

Go to Coinloan earnings calculator

Matt logo
Reviewed by Matt
7 March 2021 (Updated 7 August 2022)

Coinloan Review, Pros & Cons and Features

DeFinda Score™

An impartial, objective analysis of Coinloan's features to help you compare platforms. Read our full analysis.
Savings Rates
10
Loan Rates
10
Age
5.6
Reviews
8.9
Risk Management
8
Withdrawals
6
Coverage
2.7
Support
10

Coinloan is a cryptocurrency platform that offers savings accounts, loans and some exchange services. Coinloan offers savings rates as high as 12.3% APY on deposits, with no hidden fees and instant access to your funds. Instant loans can also be secured against your deposits at rates as low as 4.5% APR, with no credit checks required.

The platform was founded in 2017 by Alex Faliushin and Max Sapelov. The initial concept for Coinloan was originally a peer to peer lending platform and an Initial Coin Offering (ICO) for the Coinloan token (CLT) was launched in November 2017 to raise funds for development of the concept. The ICO was successful and the funds raised allowed the platform to get started. As the development of the platform has continued, the concept has been simplified to provide fixed rate savings and loan rates.

Coinloan is still a relatively small company in the crypto platform space, but it is clear they are growing steadily and place very high priority on security as well as being properly regulated in the jurisdictions that they operate in.

Coinloan offers both a web app and mobile apps for their platform. Both apps are fairly easy to navigate and simple to use. The apps can be used to deposit fiat and crypto currencies in to an online wallet, buy and sell crypto currencies including Bitcoin, move funds into interest bearing savings accounts, or use the funds as collateral against a loan.

Coinloan offers services in cryptocurrencies, stablecoins and fiat currencies, with the ability to exchange between these currencies within the platform. Funds are held in three distinct accounts within the platform: Your wallet (secure but earns no interest); Savings account (earns interest daily); Loan account (funds are used as collateral against a loan that you take out). This clear distinction makes it easy to understand exactly where your money is at any given time but it does also mean that you will need to manually transfer funds into a savings account to start earning interest.

Pros

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

Cons

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

DeFinda Score™

Savings Rates

10

Coinloan has some of the best instant access saving rates for Bitcoin (5.2%), Ethereum (5.2%), Tether (10.3%) and 14 more cryptocurrencies, however Coinloan also has some of the worst instant access saving rates for Polkadot (5.2%)

Enhanced rates on Bitcoin of 7.2% APY are available in return for investment in Coinloan's loyalty token, CLT.

Enhanced loyalty rates are available on a further 21 cryptocurrencies.

Loan Rates

10

Coinloan has some of the best loan rates secured against Tether (4.5%), USD Coin (4.5%), Pax Dollar (4.5%) and 15 more cryptocurrencies, however Coinloan also has less competitive loan rates secured against TrueUSD (4.5% vs 0.607% at AAVE), Wrapped Bitcoin (4.5% vs 0.0936% at AAVE) and yearn.finance (4.5% vs 0.787% at AAVE).

Note that loans are complex products with rates varying by collateral and LTV. For a full comparison visit our loans page.

Age

5.6

Coinloan was founded in 2017 which makes it 5 years old. That's still quite young as the oldest crypto platforms are 11 years old.

Reviews

8.9

Coinloan has an average expert rating of 74%, and an average user rating of 89% based on 1,054 user reviews. Coinloan has over 200 reviews on Trustpilot, with an average user rating of 84%. Expert reviews include Jean Galea (70%), Crypto Vantage (54%), Blockonomi (86%) and Captain Altcoin (82%).

Risk Management

8

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.

Withdrawals

6

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.

Coverage

2.7

Coinloan supports 22 different cryptocurrencies and 4 fiat currencies. Key supported cryptocurrencies include Bitcoin, Ethereum, Tether, USD Coin, BNB and XRP. Coinloan support for fiat currencies includes Pounds Sterling, US Dollars, Euros and Russian Ruble. The biggest crypto platforms offer support for over 230 different cryptocurrencies.

Support for a larger number of cryptocurrencies is helpful if you are looking for trading opportunities, but may be less important if your priority is long term investment in one of the major cryptos.

Support

10

Coinloan offers 24 hour support by email, phone and online chat.

Coinloan Reviews

Coinloan has excellent reviews overall, with many users rating the excellent customer service, high savings interest rates and easy to use platform. With only 1,062 reviews, Coinloan has fewer reviews than some of its competitors. Overall the business seems to be on a solid footing, but has not yet gained the traction that some of its bigger rivals have managed to achieve.

We did note some complaints about the transfer of funds from traditional high street banks to the platform. This is an issue that affects the entire cryptocurrency space. Traditional banks are very cautious about transferring funds to any cryptocurrency related business. Whilst there is absolutely nothing illegal about making such transfers, the banks will often undertake additional fraud checks which can cause a delay in the money being received by the platform. Unfortunately there is little the platform can do speed up these types of issue. If there is a delay it is normally best to contact the bank from which you sent the money.

Based on a total of 1,062 reviews across the web for Coinloan we gave the platform an overall rating of 89%.

Coinloan Rating
89%
Based on 1,062 reviews
User Reviews
Overall User Rating
89%
1,054 reviews 1,054
iphone App
96%
417 reviews 417
Android App
86%
341 reviews 341
Trustpilot
84%
296 reviews 296
Reddit
Leave a Review for Coinloan
Submit Review

Coinloan YouTube Reviews

[[platform_deals]]

Coinloan Savings Accounts

Savings Highlights

Coinloan offers interest bearing savings accounts across a range of cryptocurrencies and fiat currencies. All the savings accounts offer instant access and attract no fees. The interest rates payable on deposits vary from 3% APY to 12.3% APY and vary by currency type with stable coins and fiat currencies attracting the highest rates.

All Coinloan savings accounts payout interest in the same currency as you deposited. So if you deposit Bitcoin your interest will be paid in Bitcoin.

Interest is calculated daily at 14:00 UTC and you will see your accumulated interest increasing in the Coinloan app every day. However you will not receive benefit of that interest until the end of the month when the funds are transferred into your wallet. However your interest does compound which means that interest earned on your initial deposit is then itself eligible for further interest in the future. Note that Coinloan expresses it's interest rates as Annual Percentage Yield (APY) which includes the value of the compounding effect over 1 year.

In order to start earning interest you need to first deposit your funds into your Coinloan wallet via traditional bank transfer or crypto transfer. Once safely in your Coinloan wallet you then need to transfer your funds into your online savings account. They will then immediately start earning interest and you will see the interest accrued appear in your savings account the following day.

Coinloan offer enhanced savings rates of up to an additional 2% interest if you buy the Coinloan token (CLT). They offer five loyalty levels of increasing savings rates according to the quantity of CLT owned:

Coinloan Loyalty Levels
Loyalty Level Minimum CLT Tokens Interest Rate Bonus
Base 0 CoinLoan logo CLT 0%
Level 1 125 CoinLoan logo CLT +0.1%
Level 2 375 CoinLoan logo CLT +0.3%
Level 3 1,000 CoinLoan logo CLT +0.8%
Level 4 1,250 CoinLoan logo CLT +1%
Level 5 2,500 CoinLoan logo CLT +2%

Unlike some other platforms, the amount of loyalty tokens that you must own in order to benefit from the enhanced interest rate does not change according the total amount you have deposited in your savings account. This means that incentive for users to buy CLT tokens when they have large savings deposits is very high.

There is no minimum time for which you must hold the CLT tokens. Once you deposit the tokens then your next day's interest rate will increase. When you remove the CLT tokens then your interest rate will reduce.

We note within some of the reviews that people sometimes had difficulty buying sufficient CLT tokens through the Coinloan platform, with significant slippage occurring on the price paid due to lack of liquidity. If this is of concern then an alternative approach would be to buy the CLT tokens on a third party exchange such as Bittrex or Uniswap and then transfer the tokens to Coinloan.

You can calculate your potential earnings on Coinloan using our Coinloan interest rate calculator.

The table below summarises Coinloan's interest rates by currency type and loyalty level.

Coinloan Savings Interest Rates
Loyalty Level
Base Level 1 Level 2 Level 3 Level 4 Level 5
GBP
Pounds Sterling
10.3%
APY
10.4%
APY
10.6%
APY
11.1%
APY
11.3%
APY
12.3%
APY
RUB
Russian Ruble
8.3%
APY
8.4%
APY
8.6%
APY
9.1%
APY
9.3%
APY
10.3%
APY
EUR
Euros
10.3%
APY
10.4%
APY
10.6%
APY
11.1%
APY
11.3%
APY
12.3%
APY
Bitcoin
5.2%
APY
5.3%
APY
5.5%
APY
6%
APY
6.2%
APY
7.2%
APY
Polkadot
5.2%
APY
5.3%
APY
5.5%
APY
6%
APY
6.2%
APY
7.2%
APY
Dai
10.3%
APY
10.4%
APY
10.6%
APY
11.1%
APY
11.3%
APY
12.3%
APY
Wrapped Bitcoin
5.2%
APY
5.3%
APY
5.5%
APY
6%
APY
6.2%
APY
7.2%
APY
Ethereum
5.2%
APY
5.3%
APY
5.5%
APY
6%
APY
6.2%
APY
7.2%
APY
Litecoin
5.2%
APY
5.3%
APY
5.5%
APY
6%
APY
6.2%
APY
7.2%
APY
Chainlink
5.2%
APY
5.3%
APY
5.5%
APY
6%
APY
6.2%
APY
7.2%
APY
Stellar
5.2%
APY
5.3%
APY
5.5%
APY
6%
APY
6.2%
APY
7.2%
APY
Monero
3%
APY
3.1%
APY
3.3%
APY
3.8%
APY
4%
APY
5%
APY
Tether
10.3%
APY
10.4%
APY
10.6%
APY
11.1%
APY
11.3%
APY
12.3%
APY
Bitcoin Cash
5.2%
APY
5.3%
APY
5.5%
APY
6%
APY
6.2%
APY
7.2%
APY
USD Coin
10.3%
APY
10.4%
APY
10.6%
APY
11.1%
APY
11.3%
APY
12.3%
APY
TrueUSD
10.3%
APY
10.4%
APY
10.6%
APY
11.1%
APY
11.3%
APY
12.3%
APY
BNB
7.2%
APY
7.3%
APY
7.5%
APY
8%
APY
8.2%
APY
9.2%
APY
Maker
5.2%
APY
5.3%
APY
5.5%
APY
6%
APY
6.2%
APY
7.2%
APY
Pax Dollar
10.3%
APY
10.4%
APY
10.6%
APY
11.1%
APY
11.3%
APY
12.3%
APY
XRP
5.2%
APY
5.3%
APY
5.5%
APY
6%
APY
6.2%
APY
7.2%
APY
Binance USD
10.3%
APY
10.4%
APY
10.6%
APY
11.1%
APY
11.3%
APY
12.3%
APY
PAX Gold
5.2%
APY
5.3%
APY
5.5%
APY
6%
APY
6.2%
APY
7.2%
APY
Cardano
7.2%
APY
7.3%
APY
7.5%
APY
8%
APY
8.2%
APY
9.2%
APY
Solana
7.2%
APY
7.3%
APY
7.5%
APY
8%
APY
8.2%
APY
9.2%
APY

Coinloan Loans

Loan Account Highlights

Coinloan offers instant loans from $1,000 USD to $10,000,000 USD with rates varying from 4.5% APR to 11.95% APR.

All loans are secured against collateral currency that you deposit on the Coinloan platform. This collateral provides adequate security to Coinloan that the loan will be repaid which means that no credit checks are required and your personal credit rating will not be affected by applying for the loan.

Rates vary according the Loan to Value (LTV) ratio for your loan. This is the ratio between the size of the loan and the value of the funds that you put down as collateral. The lower the LTV (i.e. the smaller the loan is compared to the collateral), the lower the interest rate is.

Loan rates also vary by currency type borrowed. Cryptocurrencies such as Bitcoin have the lowest loan interest rates and stablecoins and fiat currencies have the highest rates.

Coinloan charge a 1% setup fee when the loan is issued (this is called the origination fee). So if you borrow $1,000 USD you will have to pay an upfront setup fee of $10 USD. The setup fee is reduced to 0.5% if you pay in Coinloan tokens (CLT).

You can borrow funds in a different currency to the currency you use as collateral. This means you can borrow fiat currency secured against your cryptocurrencies without having to sell them. By releasing funds as a loan rather than selling your crypto you avoid creating a capital gains tax event on any increase in the value of your cryptocurrency. The released funds can be used for any purpose whether that be paying day to day bills or to purchase more cryptocurrencies.

The whole loan application process is completely automatic and requires no additional paperwork or forms from the user. The only requirement is the deposit of sufficient collateral funds against the loan amount. To apply for a loan you need to deposit funds (crypto, stablecoins or fiat) in your wallet on the Coinloan platform. Once in your wallet you then assign the funds as collateral to be used against a loan. Note that your assets deposited on the platform can not simultaneously be used in your savings account and as loan collateral.

Loans are repaid in monthly instalments with the first payment due 30 days after you took out the loan. Any currency held in your Coinloan wallet can be used to repay the loan, so you don't have to repay the loan in the same currency as you borrowed. Coinloan will notify you when a due payment is coming up. If you fail to make a payment then Coinloan will attempt to automatically make the payment using your collateral funds.

The minimum term for a loan is 1 month and the loan can be paid off in full at any time without penalty. The LTV ratio of the loan is monitored to reflect changes in the value of the currency used as collateral and the currency borrowed. If the LTV ratio reaches above 80% then the loan will be flagged as at risk of liquidation. If the LTV rises above 90% then the loan will be automatically liquidated (your collateral will be used to repay the loan in full and any remaining balance transferred to your wallet). A 7% fee is charged in the event of your loan being automatically liquidated. If the loan is flagged as at risk of being liquidated then you can deposit additional collateral to reduce the LTV or repay part of the loan to have the same effect. Conversely if the LTV drops significantly then you can release some of your collateral for use elsewhere. It is also possible to request that your collateral is used to settle your loan at any time.

Use our handy Coinloan loan calculator below to calculate how much you could borrow.

10 matching loan accounts found
Loyalty Level Setup Fee LTV Rate
Base
1%
Setup fee: 1% Paid in CLT
1%
Setup fee: 1% Paid in CLT
UP TO
20%
4.5%
APR
Base
1%
Setup fee: 1% Paid in ETH
1%
Setup fee: 1% Paid in ETH
UP TO
35%
5.5%
APR
Base
1%
Setup fee: 1% Paid in USDC
1%
Setup fee: 1% Paid in USDC
UP TO
35%
7.95%
APR
Base
1%
Setup fee: 1% Paid in CLT
1%
Setup fee: 1% Paid in CLT
UP TO
35%
FROM
5.5%
APR
TO
7.95%
APR
Base
1%
Setup fee: 1% Paid in USDP
1%
Setup fee: 1% Paid in USDP
UP TO
50%
9.95%
APR
Base
1%
Setup fee: 1% Paid in LTC
1%
Setup fee: 1% Paid in LTC
UP TO
50%
6.5%
APR
Base
1%
Setup fee: 1% Paid in CLT
1%
Setup fee: 1% Paid in CLT
UP TO
50%
FROM
6.5%
APR
TO
9.95%
APR
Base
1%
Setup fee: 1% Paid in XRP
1%
Setup fee: 1% Paid in XRP
UP TO
70%
7.5%
APR
Base
1%
Setup fee: 1% Paid in EUR
1%
Setup fee: 1% Paid in EUR
UP TO
70%
12%
APR
Base
1%
Setup fee: 1% Paid in CLT
1%
Setup fee: 1% Paid in CLT
UP TO
70%
FROM
7.5%
APR
TO
12%
APR

Coinloan Fees & Limits

Coinloan has no hidden fees. It is completely free to deposit and withdraw funds form the platform. The only exception is deposits made by Visa or Mastercard which attract a fee of 2 EUR + 4.2% of the deposit amount. Coinloan also specifies no limit on the amount that can be deposited or withdrawn.

Coinloan does charge a 1% setup fee for loans (reduced to 0.5% if you pay in CLT tokens). Coinloan also charge a hefty 7% fee if your loan is automatically liquidated which should act as a pretty strong incentive towards making sure that this doesn't happen.

Fees
Exchange fees 0% exchange fees
Fiat deposit fee tick Free
Fiat withdrawal fee tick Free
Crypto deposit fee tick Free
Crypto withdrawal fee tick Free
Limits
Savings crypto account withdrawal limit Unlimited
Loan crypto account withdrawal limit Unlimited
Savings fiat account withdrawal limit Unlimited
Loan fiat account withdrawal limit Unlimited
Number of free crypto withdrawals per month Unlimited

Security & Licenses

Security Highlights

Coinloan has strong security credentials. Notably they have adopted a position of manually processing all cryptocurrency withdrawls. Whilst this means withdrawls are slightly slower, it provides the strong security advantage that no private keys are ever stored on any network connected devices. They have decided that security takes precedence over efficiency and if security is your top priority then this should provide some comfort.

Coinloan have selected BitGo as their cold storage custodian for all crypto assets. All crypto assets are stored offline in cold storage, multi-signature wallets. BitGo provides $100m of insurance for these assets in the unlikely event that the BitGo platform is compromised and the the tokens are lost or stolen.

The platform's co-founder, Max Sapelov, has provided a detailed run down of their security measures here. He states that Coinloan are following the Cryptocurrency Security Standards, although it's not clear what level of these standards they have adopted. Additional security measures include secure cloud storage and transfer protocols for the Coinloan app and a pending application for PCI DSS Certification. The Coinloan web app and mobile apps both feature 2 factor authentication and in addition you will be emailed whenever there is any log in to your account. Coinloan have setup a Bug Bounty program to encourage the reporting of any security flaws.

Coinloan are transparent and proud of their regulatory status and clearly aim to be fully compliant with the relevant laws and regulations in the jurisdictions in which they operate. Coinloan is registered with the Financial Crimes Enforcement Network in the US and the Majandustegevuse Register in Estonia.

Coinloan Exchange

Coinloan offers a basic exchange facility allowing exchange from crypto to fiat, fiat to crypto and crypto to crypto. This service means you can buy cryptocurrencies using fiat currency via Coinloan. Exchange rates seem acceptable, although you are likely to achieve a better rate by using a third party exchange and then transferring the funds to Coinloan.

Coinloan Mobile Apps

Coinloan offers a mobile app which is available iPhones and android phones. The mobile app is easy to use and fully comprehensive, offering all the features available on the main Coinloan website. Security is provided by 2 factor authentication and face id.

Coinloan Languages & Countries

Coinloan is available in most countries in the world. Coinloan is not able to offer its services in some countries due to financial restrictions or sanctions that have been placed on those jurisdictions.

Coinloan's supports the following languages: English, Russian and German.

Coinloan's services are available in the following countries:

Andorra
Angola
Anguilla
Argentina
Australia
Austria
Azerbaijan
Belgium
Benin
Bermuda
Brazil
Bulgaria
Burkina Faso
Cambodia
Cameroon
Canada
Cayman Islands
Chad
Chile
Croatia
Denmark
Estonia
Finland
France
Germany
Gibraltar
Greece
Guam
Guatemala
Guernsey
Holy see (Vatican City State)
Hong Kong
Hungary
Iceland
India
Indonesia
Ireland
Italy
Japan
Jersey
Jordan
Kenya
Liechtenstein
Lithuania
Luxembourg
Madagascar
Malawi
Malaysia
Malta
Mexico
Monaco
Mozambique
Netherlands
New Zealand
Niger
Norway
Peru
Philippines
Poland
Portugal
Puerto Rico
Romania
San Marino
Senegal
Singapore
Slovakia
Slovenia
South Africa
South Korea
Spain
Sweden
Switzerland
Taiwan
Tanzania
Thailand
Turkey
United Arab Emirates
United Kingdom
United States
Uruguay
US Minor Outlying Islands
Vietnam
Virgin Islands, British
Virgin Islands, US

Frequently Asked Questions

AYes, Coinloan offers corporate accounts. To apply please email corporate@coinloan.io.
ANo, Coinloan does not currently offer a credit/debit card for use with your Coinloan account. We expect this is something that Coinloan would want to introduce at some point in the future.
A

Coinloan prides itself on its high security standards and places this at the centre of its offer. They have elected to process all crypto withdrawls manually. Whilst this is slower than an automated process, it provides a high level of security against the site being compromised.

In addition to manual withdrawl approvals Coinloan utilises numerous other security measures including partnering with BitGo for cold storage of crypto assets with $100m insurance, 2 factor authentication, secure servers and data transfers.

Coinloan is transparent over its setup and location, and holds multiple regulatory approvals and licenses.

ACoinloan is based in Estonia and holds regulatory licenses in that country that provide access to European markets. Coinloan is also registered with the Financial Crimes Enforement Network in the US.
AYes, you can buy Bitcoin with fiat currency on Coinloan. Just deposit your fiat currency on the platform and then use the exchange feature to buy bitcoin with the fiat currency.
AYes, you will need to provide Coinloan with basic identity documents to use the platform. Coinloan uses Sumsub to automate the process making it relatively painless.
AThe savings rates are very high compared to those offered by traditional banks. Coinloan is able to offer these high rates because the collateral deposited in the savings accounts is used to over-collateralise loans made on the Coinloan platform. The interest charged on these loans is higher than the savings rate and so Coinloan is still able to make a profit on the transaction.
ANo, applying for a Coinloan loan does not involve any credit checks and your credit score will not be affected.

Coinloan Key Data

Company
Legal name CoinLoan OÜ
Year founded 2,017
Country incorporated in Estonia
Headquarters country Estonia
Centralised tick Yes
Number of employees 11-50
Withdrawal time in hours 24hours
Products
Savings accounts tick Yes
Loans tick Yes
Crypto to crypto exchange tick Yes
Fiat to crypto exchange tick Yes
Pro exchange marketplace cross No
Peer to peer exchange cross No
Corporate accounts tick Yes
Instantly buy crypto with fiat tick Yes
Integrated crypto wallet tick Yes
Crypto withdrawals to private wallet tick Yes
Fast account verification tick Yes
Security
Insurance level $100,000,000USD
Cold storage tick Yes
Cold storage custodian BitGo
Two factor authentication tick Yes
Know your customer tick Yes
Credit check cross No
Regulators Regulated in Estonia
Support
24/7 support tick Yes
Email support tick Yes
Phone support tick Yes
Chat support tick Yes
Fees
Exchange fees 0% exchange fees
Fiat deposit fee Free
Fiat withdrawal fee Free
Crypto deposit fee Free
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 24 hours
Crypto withdrawal fee Free
Savings crypto account withdrawal limit Unlimited
Loan crypto account withdrawal limit Unlimited
Savings fiat account withdrawal limit Unlimited
Loan fiat account withdrawal limit Unlimited
Investment Strategy
Liquidity pools cross No
DeFi products cross No
Unsecured loans cross No
Independent proof of reserves cross No
Key People
Mike Shokin
Advisor
Alex Faliushin
Founder
Max Sapelov
Co-founder & CTO
Licenses & Certifications

Useful Links

Coinloan Contact Details

https://coinloan.io/
support@coinloan.io
corporate@coinloan.io
+372 634 6411
+1 (657) 220-1706
CoinLoan OÜ - Lastekodu 25-38, Tallinn, 10113, Estonia

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