CoinLoan

Overview of CoinLoan

CoinLoan is a young but ambitious crypto-exchange business, established in early 2017 on the territory of Estonia. The MTR, it is right to observe, regulates competition on the line. CoinLoan provides dozens of various cryptocurrencies among which you can trade: BTC, ETH, XRP, LTC and a lot more.

The iOS app supports a 1:1 leverage, for those seeking extra kick in their investment positions. Their web-based trading app is simple and easy to use; the same can for their mobile apps available on both Android and iOS.

The lending platform also supports deposits and withdrawals in cryptocurrencies, opening up the world of CoinLoan to all users. This is in addition to a range of educational resources, including materials and tutorials for those who are trading virtual currencies.

Pros and cons

Security

CoinLoan takes a comprehensive approach to security, employing modern encryption standards and secure cloud infrastructure trusted by major financial institutions . They utilize a Web Application Firewall and DDoS protection to meticulously filter out hacking attempts and bots, ensuring service continuity . Additionally, the platform undergoes regular vulnerability scans and adheres to a Secure Software Development Life Cycle (SSDLC), further bolstering its security posture . CoinLoan is also pending SOC 2 & ISO 27001 certification, indicating a commitment to industry-recognized information security best practices . Client assets are stored with $250 million insurance cover in partnership with BitGo, a leading custodian in the crypto space, providing an additional layer of security .

CoinLoan App

CoinLoan app is an app focused on cryptocurrency financial services, which provides users with a secure and convenient way to earn interest. Users can deposit mainstream cryptocurrencies such as BTC (Bitcoin), ETH (Ethereum), and LTC (Litecoin) through the app, and obtain daily calculated interest income. Its deposit process is designed to be efficient and fast, allowing users to quickly convert their digital currency assets into a source of income.

Trading Market

• Make money (Earn) :

CoinLoan's “make money” service allows users to earn interest income by making deposits. There are two account types to choose from:

Fixed Account: Offering a fixed interest rate with the deposit locked up for a certain period of time, it is suitable for investors seeking a stable income.

Flexible accounts: Offering relatively high annualized returns (e.g. 9.2%), users can access funds at any time without being locked in for a limited period of time, and continue to earn income from idle assets.

• Borrow:

The platform provides fully automated, instant loan approval services with features such as:

Fully automated process: Applications are approved immediately after submission.

Attractive low interest rates: annual interest rates of 5.5% are lower than traditional financial market costs.

No prepayment penalty: Borrowers can repay the loan early at any time according to their needs, at no additional cost.

The loan procedure is simple: just select the assets to be pledged, set the loan parameters, and submit the request.

• Exchange:

After registering and verifying their identity, users can quickly complete exchange transactions between cryptocurrencies, stablecoins and fiat currencies in a matter of seconds.

Features and advantages:

Free cash withdrawal: Free service for both cryptocurrency and fiat currency withdrawal.

Support for diversified transfer methods: including SEPA (European Single Euro Payments Area) and SWIFT (Society for Worldwide Interbank Financial Telecommunication) channels to facilitate large transfers in fiat currencies such as euros and sterling.

Supports a wide range of asset classes: not only a variety of cryptocurrencies, but also Stablecoins with strong stability, as well as fiat currencies such as the US dollar and the euro.

Cryptocurrencies Available

CoinLoan offers a wide range of cryptocurrencies for trading, including popular options such as Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), and Litecoin (LTC), among others. These cryptocurrencies can be traded against each other or against fiat currencies, providing users with ample opportunities to participate in the cryptocurrency market.

CoinLoan offers a secure crypto platform for streamlined management. Our services include Fixed and Flexible Accounts, Loans, and an Exchange.

CoinLoan's Product

Park Assets for Interest

With CoinLoan, you can make your crypto assets work for you by earning interest through our Fixed and Flexible Accounts.

Fixed Account: Locked Funds, Interest at Term End

Lock your assets in a Fixed Account and enjoy the stability of earning interest at the end of the deposit term.

Flexible Account: Withdraw/Deposit Anytime, Monthly Interest

Opt for the Flexible Account for the freedom to withdraw or deposit your funds at any time, with the added benefit of receiving monthly interest.

Borrow Funds with Loans

• Need funds？ Borrow quickly with collateral.
• Say goodbye to paperwork – get started with a low 4.5% interest rate.
• No lock-ins, and you can enjoy a Loan-to-Value (LTV) limit of up to 70%.
• Repay at your own pace with loans available for up to three years.

Exchange Assets

• Exchange made easy – buy, sell, or swap crypto or stablecoins.
• Choose from over 25 assets and 200+ currency pairs.
• Trade anytime with immediate 24/7 transaction execution.
• Best of all, there are no extra fees involved.

Refer a Friend

• Share the benefits with friends and get rewarded.
• Earn 0.2% of the exchange and loan amounts whenever your referred friends use the platform.
• Plus, receive 0.1% of the holdings in Flexible Accounts.
• It's a win-win for both you and your friends.

How to Open an Account？

The registration process of CoinLoan can be completed in the following steps:

• Visit the CoinLoan website and click on the “Sign Up” button to begin the registration process.

• 2. Provide your email address and create a strong password for your account. Agree to the terms and conditions and click on the “Sign Up” button to proceed.
• 3. Verify your email address by clicking on the verification link sent to your registered email. This step is necessary to ensure the security and authenticity of your account.
• 4. Complete your profile by providing the requested personal information, including your full name, date of birth, and address. This information is required for identity verification purposes and to comply with regulatory requirements.
• 5. Upload any necessary documents to verify your identity, such as a copy of your passport or driver's license. This step may take some time as the platform reviews and approves your documents.
• 6. Once your account is verified, you can start using the CoinLoan platform. You will have access to the trading interface, deposit and withdrawal options, and other features provided by CoinLoan.

Fees

CoinLoan offers a clear fee structure for trading and other services. For borrowing, there is an origination fee of 1% of the loan principal amount or a 50% discount when using CoinLoan Token (CLT), making it effectively 0.5% 。Deposits are free of charge, but withdrawals via Ethereum blockchain, other than the first free ERC-20 token or ETH per month, incur fees depending on the asset. Notably, there's a 24-hour withdrawal limit of $5,000 。Users can expect no fees for using Fixed and Flexible Accounts, and exchange transactions are also commission-free 。

Deposit & Withdrawal

CoinLoan provides users with a range of deposit and withdrawal options, including support for 25+ assets, wire transfers in EUR and GBP, compatibility with various blockchains, free withdrawals secured by an address book, certified custodianship with substantial insurance coverage, and access to account statements for transparent financial tracking and reporting.

Package	Staking Share	Cashback in CLT	Discount on Loan Interest	Free Withdrawals	Dedicated Support	Special Events	Personal Offers	Custom Limits
Starter	2.5%–5%	0.10%	5%	+1 (ETH & ERC-20)	Yes	No	No	No
Value	5%–7.5%	0.15%	10%	+2 (ETH & ERC-20)	Yes	Yes	No	No
Advanced	7.5%–10%	0.20%	15%	+3 (ETH & ERC-20)	Yes	Yes	Yes	No
Performance	>10%	0.30%	25%	+5 (ETH & ERC-20)	Yes	Yes	Yes	Yes