CoinLoan: Сrypto & Fiat Loans

CoinLoan

About this app

CoinLoan is a robust and simple ecosystem containing several products and services: cryptocurrency Wallet, Instant Loans, Interest Account, and Crypto Exchange.

CRYPTO WALLET

If you’re looking for a reliable and secure service for holding your assets, CoinLoan is exactly what you need. Our crypto app is a simple yet solid solution for those who want to store their funds in one place.

What you can do with the CoinLoan Crypto Wallet:

– Easily transfer crypto between your wallets.
– Deposit crypto with no fees; get one free withdrawal per month for ETH and ERC-20 tokens and free withdrawals for other assets.
– Swap, sell, or buy cryptocurrency on our Crypto Exchange.
– Deposit funds to your Interest Account and start earning.
– Borrow crypto or fiat by getting an Instant Loan.

You can deposit Bitcoin, Bitcoin Cash, Litecoin, Polkadot, Monero, Cardano, and other crypto. Please see the full list of available assets:

– Crypto: BTC, ETH, BCH, XRP, WBTC, XLM, PAXG, DOT, LINK, LTC, BNB, XMR, ADA, SOL, and MKR;
– Stablecoins: PAX (USDP), USDT, TUSD, DAI, BUSD, and USDC
– Fiat: EUR, GBP, and USD

Download the app and start funding your Wallet via the most convenient way.

For fiat funds:

– SEPA (for Eurozone residents)
– Wire transfer (for USA residents)
– SWIFT (available worldwide)

For stablecoins:

– ERC-20 network to deposit coin as a token from your other wallet
– Wire transfer to deposit USDC

For crypto:

– Use your crypto wallet to deposit the desired asset on CoinLoan
– For BTC and LTC, we use a modern Bech32 address format
– For XLM deposits, we require a Stellar Lumens Memo
– For XRP deposits, we need a Destination Tag

After making a deposit, you can use our products with one click.

INSTANT LOANS

To get a loan might be a big deal, but we constantly work on making the process as easy as possible for you. With our money loan app, you can get personal loans on favorable terms.

– APR is minimum 4.5% to maximum 11.95%.
– Origination fee is 1%.
– The only thing required is collateral.
– Choose between 20%, 35%, 50%, and 70% LTV.
– Repayment according to a repayment schedule.
– No fees or penalties for early repayment.
– Loan term is from 3 month to 3 years.
– We do not require repayment in full in 60 days or less.
– Borrow money (crypto-to-crypto, crypto-to-fiat, and fiat-to-crypto).

For example, you have 2 BTC and want to make it collateral for your loan in USDT. If 1 BTC = $50,000, and you have $100,000 in total, you can only borrow maximum 70% of that amount, meaning you will get 70,000 USDT at max. Regardless of your chosen Loan-to-Value (LTV) ratio, the loan origination fee will be 1% or $1000 (0.02 BTC). Your total loan cost for one year, including principal (11.95%) and all applicable fees (1%), will be 12.95% APR, or 12,950 USDT.

INTEREST ACCOUNT

No more need to sell your coins to profit. Instead, keep your crypto and make it work just by parking the assets on your Interest Account.

– Earn up to 8.2% APY.
– Deposit with no fees.
– Get daily interest for parking cripto and stablecoins.
– Earn crypto on staking CLT.

CRYPTO EXCHANGE
There’s no need to look for the best crypto rates now, as you have the CoinLoan Crypto Exchange.

– 200+ exchange pairs
– Beneficial exchange rates
– Zero fees for deposit

COINLOAN’S MAIN BENEFITS:

– THE ASSETS’ SAFETY: CoinLoan stores your crypto at the certified custodian with $250M insurance coverage. We have a strict access recovery policy, require two-factor authentication, and perform all crypto operations according to Cryptocurrency Security Standard.

Ratings and reviews

Perfect perfect perfect! Alright, I am new to DeFi. Downloaded app, held EUR for some time and it was all pretty cool! The Annual interest is the highest for EUR/GBP among all such apps! Sending money through SEPA and withdrawal was veeeeery fast (same day, within minutes). But nevertheless, I ran into a trouble with withdrawing (left some spaces there), so I wrote an in-app support and there was an online chat with immediate response. So it was very fast and helpful 😃 I mean, I am your guy!!!

I've been using CoinLoan for a couple of years now as a crypto savings account and have zero complaints. They support a nice variety of cryptos and are the only service I'm aware of supporting XMR. Their lending service is super easy and straightforward. Decide on the loan amount you want, put whatever asset they support and you own up for collateral and that's it! No waiting period, no hassle. I can't recommend highly enough!

I was skeptical at first of any company that custodies crypto, but I have never had to wait longer than 5 minutes for a response from customer support. I feel good with the level of security and professionalism that i have seen from CL. I recommend it to all my friends. I have only every used them as an interest account and have nothing but good things to day about it. as for the loan aspect i would not be able to comment. My only issue would be that we have no option to have our interest paid in CLT coin. this is the native token to CL and it will boost your interest rate every certain number.

What's new

Bug fixes