CoinLoan 

Thanks for visiting Trustpilot. Unfortunately, it’s not possible to leave a review here anymore because the company’s website has closed. Feel free to contact us if you have any questions.

While we don't verify specific claims because reviewers' opinions are their own, we may label reviews as "Verified" when we can confirm a business interaction took place. Read more

To protect platform integrity, every review on our platform—verified or not—is screened by our 24/7 automated software. This technology is designed to identify and remove content that breaches our guidelines, including reviews that are not based on a genuine experience. We recognise we may not catch everything, and you can flag anything you think we may have missed. Read more

See what reviewers are saying

Rated 1 out of 5 stars

They stole 600 dollars worth of btc and this was long ago worth 1000s now complete scam and stay away this is easy to check they went into foreclosure in one country and popped up in another while the... See more

Rated 1 out of 5 stars

They reduced the withdrawal limit to 5000$/day in July 2022. They send weekly newsletters and multiple emails per week, yet they "forgot" to notify users about this change. The new limit also means... See more

Company replied

Rated 1 out of 5 stars

In case you haven't heard, they went bankrupt because they stole from all their clients in a huge ponzi scheme. Now we are all stuck in a bankruptcy case that's had our crypto frozen since May 2023 an... See more

Rated 5 out of 5 stars

I have used CoinLoan for 6 months now. I store all my crypto here and use high interest accounts. Excellent customer service and no hidden fees outside unfavorable currency exchange quotes for lar... See more

Company replied

Company details

  1. Cryptocurrency Service

Written by the company

CoinLoan is a crypto lending platform. We allow to borrow crypto-backed loans and earn interest on different assets.


Contact info

You should know

All reviews

(322)

0 reviews in the last 12 months

Write a review
Companies on Trustpilot aren't allowed to offer incentives or pay to hide reviews. Reviews are the opinions of individual users and not of Trustpilot. Read more

Rated 1 out of 5 stars

They stole 600 dollars worth of btc and…

They stole 600 dollars worth of btc and this was long ago worth 1000s now complete scam and stay away this is easy to check they went into foreclosure in one country and popped up in another while they stole everyone's money.

24 July 2024
Unprompted review
Rated 1 out of 5 stars

SCAM ALERT ‼️🚨‼️🚨‼️🚨

CoinClan tried (and are still trying) to scam me, and many less discerning people into giving them a ONE YEAR 0% interest deposit of several thousand CHF, by sending me a message that would make any buyer fear that all is money was lost, so they (CC) can use this psychological leverage to hurry the buyers into giving them funds to play with. That's a scam. I have screenshots to prove it.

I don’t understand how Binance is allowing CoinClan to continue operating/scamming people on their platform. Binance is supposed to be a serious platform.

18 January 2025
Unprompted review
Rated 1 out of 5 stars

FRAUDS - Bankrupt

In case you haven't heard, they went bankrupt because they stole from all their clients in a huge ponzi scheme. Now we are all stuck in a bankruptcy case that's had our crypto frozen since May 2023 and maybe will get 30% of our account balance from that date, which is roughly 10% of current BTC value.

11 November 2024
Unprompted review
Rated 1 out of 5 stars

Stay away. Used P2P on Bybit

Used P2P on Bybit. CoinClan tried to increase the agreed price by 10%. After declining the offer, did not return my funds (€3000) for 20 days. Returned the funds only after opening a case against CoinClan on Bybit.

5 March 2024
Unprompted review
Rated 1 out of 5 stars

Read my review and see my photo also

My greatest fear is losing all I got to the bankruptcy and it’s so clear they are using the investor fund to clear the creditors debts.
But if you look at my photo you’ll get help cause did when I visited and lodged my complaints

25 November 2023
Unprompted review
Rated 1 out of 5 stars

Now the insolvency is official and the…

Now the insolvency is official and the insolvency administrator was not even named by the plaintiff to whom one can turn, apart from that his interest will probably lie more with the current plaintiffs and less with the remaining coinloans.

What about the great "Certified custodian with $250 million insurance" if there ever was insurance there shouldn't be a problem but not a word from the CEO.

Disappointing, especially because this "Certified custodian with $250 million insurance" looks so attractive and apparently it's no good.

7 June 2023
Unprompted review
Rated 1 out of 5 stars

They

They, like their counterparts, were ensnared in deceit. I had nurtured a glimmer of hope that Coinloan would prove distinct amidst the likes of Celsius, BlockFi, Genesis, Vauld, Voyager, and others. It appeared, unequivocally, that they stood as the sole exception—a beacon of authenticity. With a track record spanning five years, they boasted of all loans being meticulously over-collateralized, assuring an abundance of resources to fulfill their obligations, even in the face of legal constraints.

Yet, alas, it now appears that this illusion too was a meticulously crafted facade. When they could no longer manipulate or mislead, they retreated into silence, leaving behind a trail of shattered trust. It seems that the entire realm of "crypto lending" was but an intricate charade—a grand illusion fueled by the audacious aspirations of those envisioning a post-fiat utopia, or, at its most sinister, a carefully orchestrated scam.

7 June 2023
Unprompted review
Rated 1 out of 5 stars

Bankruptcy !!!

Today my fear is real and they made an announcement !
They are bankruptcy 😔
Hope we will get a bit of our money back

7 June 2023
Unprompted review
Rated 1 out of 5 stars

Filing for bankruptcy and using…

Filing for bankruptcy and using investors funds to pay their creditors. They claim they are licensed in Europe but I don't understand why EU regulations don't protect investors interests. Why is a notice of halting activity by regulators affecting investors withdrawals?
Why has CoinLoan received a notice of restraint if it is a legit business with EU license and not iself filed for bankruptcy? Who is then after CoinLoin and investors assets if not the creditors? Who is a custodian of clients assets now?

16 April 2023
Unprompted review
CoinLoan logo

Reply from CoinLoan

Dear customer. Please note that CoinLoan did not file for bankruptcy. A Notice of restraint on disposition received on April 24, 2023, obliges CoinLoan to halt all operations for its users, including withdrawals. This action is unexpected and has an immediate effect. As a result, we have no choice but to comply with the said requirements.

Rated 5 out of 5 stars

Excellent Crypto Lending Platform with a Top-notch Team!

I would like to express my gratitude and appreciation to CoinLoan and their team for providing outstanding services as a crypto lending platform. From the very beginning of my experience with CoinLoan, I have been impressed with their transparency, professionalism, and promptness of their platform.

Using CoinLoan, I was able to easily and quickly access loans using my cryptocurrency assets as collateral. This allowed me to preserve my crypto investments and avoid the need to sell my assets for cash.

Moreover, I was amazed by the responsiveness and competence of the CoinLoan support team. They are always ready to help and quickly resolve any issues that arise.

Overall, I am extremely satisfied with my experience working with CoinLoan and their team. They offer a secure, reliable, and user-friendly platform for crypto lending. I confidently recommend CoinLoan to anyone looking for a trustworthy partner in the crypto lending sector. Thank you so much, CoinLoan, and keep up the excellent work!

24 April 2022
Unprompted review
CoinLoan logo

Reply from CoinLoan

Gera, thanks for posting such a detailed review. We are glad that you are enjoying our services🙌🏼

Rated 3 out of 5 stars

Did not have any problem in my almost 2…

Updating
They are for now in Brankcrucy proceedings closed doors

Did not have any problem in my almost 2 years
I believe they are a small but serious business

23 March 2023
Unprompted review
CoinLoan logo

Reply from CoinLoan

Thanks for leaving your review. We hope you will continue using our platform and enjoying our services.

Rated 5 out of 5 stars

I trust Coinloan

I trust Coinloan, I think they are one of the very few market players trying to do the right thing for their community. Team is responsive and easy accessible through their official group on Telegram.

31 January 2023
Unprompted review
CoinLoan logo

Reply from CoinLoan

Thanks for sharing your opinion with us! 🤩

Rated 5 out of 5 stars

I've been using coinloan for 2 years…

I've been using coinloan for 2 years and a half, I completely love their business. It's service is amazing and secure. Recommend it 100%💖🥰♥️

31 January 2022
Unprompted review
CoinLoan logo

Reply from CoinLoan

Thanks for posting your review, Abid! We are happy to have you as a part of our community🤗

Rated 1 out of 5 stars

Coinloan management hiding behind One…

Coinloan management hiding behind One sided regulations, did restrict all large Withdrawals for month's resulting in 2 months daily withdrawal inconveniences, penalising/ controlling our deposits and resulting to loss to our parts, due to their Own numerous bad INTERNAL loans and mistakes that they hide from public. Stay away from this no values or principles team, or lending exchange as they could go bankrupt with you coins any days, and much more Trustfull lending platform do exist currently, that can be trust with you savings that they gamble for yield as Ftx / Luna ,etc... From an ex large depositors who will never associate with them again...

28 December 2022
Unprompted review
CoinLoan logo

Reply from CoinLoan

Dear Ben, thank you for sharing your opinion. Before making such assumptions, we kindly encourage you to read our blog post about our yield generation model and the reasons for limiting withdrawals: https://coinloan.io/blog/coinloans-yield-generation-model-key-things-to-know/

Rated 5 out of 5 stars

Good

Very good to all people

26 December 2022
Unprompted review
CoinLoan logo

Reply from CoinLoan

Thanks, Yosef. We appreciate you sharing your opinion with our community.

Rated 5 out of 5 stars

I've been using coinloan for a year and…

I've been using coinloan for a year and a half, I completely love their business. It's service is amazing and secure. Recommend it 100%.

22 December 2022
Unprompted review
CoinLoan logo

Reply from CoinLoan

Thanks for your feedback, Leandro!

Rated 5 out of 5 stars

Truth to be set: best crypto lender

Truth to be set: it is the only service provider I found who really cares about their customers. The platform itself is simple yet have a lot of features which are absent among other vendors: loan options are super flexible + you'll actually get your interest in tokens you staked, not a brand-related shitcoins as it is done in other platforms. The market is really bearish right now and lot of FUD in place but I believe that this company will survive all this mess and will be even better in future. Thank you for your job folks, never give up!

1 December 2022
Unprompted review
Rated 5 out of 5 stars

Good Platform

I've used this platform since January 2021, mainly to earn passive income with half my portfolio while i trade with the other half. I did take out one loan in January 2021 and never had any issues repaying the loan. Customer service has been good to me, (especially Sophia) they answered all the questions i had and gave me the detailed answered i required.

The only hiccup was when i logged in one day and noticed that my interest had been credited to the wrong account, it was only one months worth of interest. But luckily for me it worked in my favour as BTC had crashed since the ATH, so i was able to buy back in cheaper and get more BTC.

**Update** But as of today i have noticed a 5k withdrawal limit, which has kind of ruined my plans as i had intended on taking out a loan today to be released all in one go. But the $5k limit has really messed that up.

Overall a good platform if you want to earn passive income, without the risk of trading.

2 December 2022
Unprompted review
CoinLoan logo

Reply from CoinLoan

Charles, thanks for posting your review. We appreciate your opinion 🙌🏼. FYI - you can take a loan and withdraw it in one day.

Rated 4 out of 5 stars

Really easy to use application

Really easy to use application, they offer some decent returns on commonly held crypto. Customer service is always professional.

1 November 2022
Unprompted review
CoinLoan logo

Reply from CoinLoan

Raymond, thanks for posting this. We appreciate your opinion and feedback about our services.

The Trustpilot Experience

Anyone can write a Trustpilot review. People who write reviews have ownership to edit or delete them at any time, and they’ll be displayed as long as an account is active.

We use dedicated people and clever technology to safeguard our platform. Find out how we combat fake reviews.

Learn about Trustpilot’s review process.

Here are 8 tips for writing great reviews.

Verification can help ensure real people are writing the reviews you read on Trustpilot.

Offering incentives for reviews or asking for them selectively can bias the TrustScore, which goes against our guidelines.

Take a closer look