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
CoinLoan
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See what reviewers are saying
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
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
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
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
Lastekodu 25-38, 10113, Tallinn, Estonia
- +372 634 6411
- support@coinloan.io
- coinloan.io
You should know
No problems at all
I'm using the platform for 2 months now and I don't have any problem at all (yet at least).
I'm very pleased with coinloan.

Reply from CoinLoan
2week + for top up
I have been using their services for a year or so, but when I last charged money, my transfer is still not reflected in their system, 10 days have passed, I wrote to their sport 4 times, but each time they explain that they have a problem with the bank and tell me to wait another week and so on for two weeks. I sent them documents for the translation and everything they asked for but still nothing ...

Reply from CoinLoan
CoinLoan Corporate Incentive for Liquidation Cases
Bad Pricing Policy
As a borrower, you pay 1% initial fee which is reasonable and common. But in case of liquidation, CoinLoan charges the borrower flat 7%(!) liquidation fee. It is stated in the Terms and Conditions, but remarkably well hidden.
This pricing scheme is not only excessive, but penalises the borrower whose collateral has gets liquidated almost entirely. With this pricing scheme, CoinLoan has an obvious commercial incentive in the liquidation case!
In essence, with the Instant Loan product, the institutional lender does not face any risks, neither does CoinLoan, but only the borrower.
Handed the case to a lawyer to scrutinise the entire triangle agreement structure (lender, platform, borrower) with respect to European customer protection rights.

Reply from CoinLoan

Reply from CoinLoan
Reassurance
After Celsius canceled all withdrawals Coin Loan sent an email to all costumers explaining they won't be liquidated due to bad and risky management, like Celsius did.
" As CoinLoan adheres to the highest standards of reliability and trust, it has never participated in any of the following:
Investing in any DeFi protocols or synthetic assets
Having LUNA or the UST “stablecoin” in its portfolio
stETH-based staking or offering the stETH tokens to its clients
Locking ETH in preparation for the Ethereum 2.0 upgrade"
Bravo!

Reply from CoinLoan
No problems at all
No problems at all. Decent interest rates. Great place to hodl for awhile.

Reply from CoinLoan
CoinLoan has been excellent
I have used CoinLoan for FIAT earning for around 18 months. Always worked well, reliably, transfers prompt when requested funds back. I have even contacted support a few times who were quick and friendly but also very knowlegable when I asked more complicated questions. For me full marks and one of the best interest rates in the industry.

Reply from CoinLoan
happy
Great earn rates which I guess could be even higher if holding periods were added. Great support,I had a problem onboarding which was handled very well! Borrowing interest rates could be lower...,and USdollar needs to be added. TKS.

Reply from CoinLoan
These guys look legit after 2+ years
These guys look legit after 2+ years. You never know what the future brings but so far they fulfilled all their promises to me. I ran into some issues with transfers and my support experience was great as well.

Reply from CoinLoan
I have been using CoinLoan for some…
I have been using CoinLoan for some time now with no issues. Ideally I would like to see rewards paid daily, that would bring it in line with many other earning platforms.

Reply from CoinLoan
SCAM ALERT !!
SCAM ALERT !!! CoinLoan is a scam. Last week, I opened an account with them and only way to deposit cash is via wire transfer or by ERC20 token. I wire transferred $2500 to them. When I check my bank statement this week, I noticed that CoinLoan wired my money back to me but not the full amount. They sent back only $2450.
Overall, I lost $90. My bank charged me $25 for my outgoing wire to CoinLoan and $15 for the incoming wire from CoinLoan and the $50 that CoinLoan effectively stole from me.
What is really pathetic is that I received zero notification from CoinLoan about the whole episode.
Scary part: CoinLoan has my Drivers License details as well as my bank account details which I had to enter when I opened my account with them.
Moral of the story: If you are from the US, stay away from foreign scam artists like CoinLoan.

Reply from CoinLoan
One of the best cefi out there
One of the best cefi out there ! i am using personal and corporate account with them and absolutely happy with Coinloan. Customer survice is outstanding and always reply on time !

Reply from CoinLoan
Reliable Site with good rates
I have been using CoinLoan for over a year. Have had no issues so far (also with withdrawl). Always punctual payment of interests. Depending on what bank you use for funding, money was available fast (shortest half a day). Also no issue with receiving/sending Crypto's.
Good rates not only for Crypto, also for fiat money. Please continue this way and you will have my continued business.

Reply from CoinLoan
lost all credibility
I transferred 800€ on 21-04-2022 to my CoinLoan account, but it hasn’t arrived to my account. I received the money back in my account only on 10-05-2022 and only €764. In other words, Coinloan got €36 for itself. They claimed that my bank made transfer by Swift and they only support SEPA. Pay close attention! I find it unacceptable to take commissions for an alleged mistake. For me they lost all credibility.

Reply from CoinLoan
Been using Coinloan for over a year
Been using Coinloan for over a year. Have had no issues. They have raised interest rates, when I have noticed the competition lowering them which is positive.
I would like to see more transparency in their business, and see the CEO joining the global scene, on crypto debating, adding a safe list in their wallet - it would add even further trust and transparency in their business.

Reply from CoinLoan
10.3% interest rate for stable coin is…
10.3% interest rate for stable coin is pretty higher than average but it should be better if the platform toke could be lesser to upgrade our tires for higher interest rate.

Reply from CoinLoan
Perfect!
I have been using Coinloan for around 9 months now and have found them to be an excellent company.
The site works really well on the app so making transactions really easy.
The customer service is brilliant. I had a problem caused my a mistake of mine. When I contacted them, they immediately said they could sort it out, however it would take time. Every few days I were contacted by them letting me know of the progress. Brilliant, I couldn't have asked for more.
I really can't rate this company highly enough.

Reply from CoinLoan
So far so good
So far so good. The deposit went smoothly same as the exchange. I tried the loan functionality and the money arrived quickly after immediate approval. One star down for the missing charts and graphics on how the assets grow.

Reply from CoinLoan
Coinloan I sent money in euros in fist…
I sent money to coinloan in sepa transfer in euros in fiat to coinloan platform and 7 days later the money was never credit to my coinloan account or returned to my bank account. I've done this many times and never had this problem. Their bank is really weird snd having problems at the worst possible time (ceypto pumping like crazy and clinloan posting articles about the pump while they hold customers funds. I have a serious case of fomo. I missed the huge crypto pump that I was planning to trade with as I saw a huge bullish signal last week. I've lost thousands of dollars in unrealized gains because of this company's bank having huge problems. The bank won't recieve money or send it back and takes forever to reply. I'm afraid I will miss the crypto pump as it could take a month to get my money back and buy more crypto again. What a joke. I'm posting this review under an anonymous name

Reply from CoinLoan
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