CoinLoan Review Everything You Need to Know

What is CoinLoan and Is it worth it? Find out everything that there is to know about this crypto lending site in this article.

Dean Fankhauser11 min read

Our take

4.5 out of 5 stars

CoinLoan is a strong contender in the space of lending and managing your crypto.

CoinLoan Overview

Platform NameCoinLoan
ProductsLending · Loans · Exchange
Interest RatesUp to 10.3% APY on Stablecoins, 3.2% on BTC
Mobile AppYes - iOS & Android
Available in USAYes
InsuredYes - $250 million
RegulatedYes - Estonian Intelligence Unit
Deposit FeesNo
Withdrawal FeesVaries by crypto
Interest PaidDaily

The numerous innovations in the crypto space have given rise to a multitude of ways to invest your assets. From earning interest on your digital assets to taking out crypto loans, using crypto lending platforms has proven to be as fruitful.

CoinLoan is one such crypto investment platform that allows you to generate a passive income through interest earned on your idle crypto assets.

This article reviews CoinLoan, and deals with the question: is CoinLoan worth putting your money into?

Lending & Loans Summary

ProductCoinInterest Rate
Lending (25)BitcoinUp to 3.2% APY
StablecoinsUp to 10.3% APY
Pax DollarUp to 12.3% APY
Loans (16)BitcoinFrom 4.5% APR
StablecoinsFrom 4.95% APR

Features and Services

CoinLoan is an Estonia-based crypto platform that offers fantastic interest rates on several crypto assets and allows you to borrow fiat loans against your crypto assets. It allows you to earn interest by lending out the crypto assets stored in your CoinLoan wallet.

Creating your account and depositing funds to your wallet can be done by either downloading the mobile apps available on Google Play Store or the Apple Store. CoinLoan also offers a web application that you can access from any device.

The entire process of creating your interest account is straightforward. You can register by filling out your email address and setting up a password. After verifying your account and providing your details to complete the KYC, you can begin earning interest once you deposit your crypto assets.


CoinLoan offers APY rates of up to 12.3% on 25 currencies. These rates do include 2% rewards from CLT staking.

CoinLoan provides the option to earn interest on most of the popular crypto assets, but what sets it apart from the crowd is that it also supports earning on your traditional currencies: Euro (EUR) and Pound Sterling (GBP).

The maximum rate of 12.3% APY is available for both these currencies, making this platform ideal for earning interest on your fiat. This makes it fruitful to hoard your crypto assets and fiat currency funds in your CoinLoan interest account rather than depositing the fiat cash in a traditional bank account.

Another benefit of  CoinLoan is that it allows you to withdraw whenever you wish because your assets are never locked-up. The minimum deposit period is one day, and the interest is paid in the same currency as the one you deposited. Lastly, CoinLoan pays out the interest to your wallet on the first date of every month.


Apart from allowing you to generate an income from your crypto assets, CoinLoan allows you to use your crypto assets as collateral to secure crypto loans. CoinLoan offers three types of loans:

  • Crypto-to-fiat loans where you can borrow EUR and stablecoins against crypto as collateral.

  • Crypto-to-crypto loans where you can use a particular cryptocurrency, say ETH, to borrow another currency, like BTC.

  • Fiat-to-crypto loans allow you to borrow crypto assets such as BTC, ETH, and LTC using stablecoins or fiat as collateral.

CoinLoan provides loans and accepts collateral with 15 currencies, including fiat: EUR and GBP, stablecoins: USDC, USDT, and TUSD, and traditional cryptocurrencies: XRP, LTC, BTC, and so on.

Loan approval is also quick, thanks to no credit checks on your loan requests. The deposit options include SWIFT, SEPA, and ADVCash.

The Loan To Value (LTV) ratio provided by CoinLoan varies between 20% and 70%. The interest rates offered by CoinLoan start as low as 4.95%, and the loan period ranges from 1 to 36 months.


CoinLoan has a built-in exchange that allows you to buy, swap or sell crypto. You can trade crypto by going to the Crypto Exchange tab on their webpage and choosing your buying and selling price to start the trade.

The Wallet tab allows you to withdraw your assets with a button. CoinLoan provides Crypto-to-Fiat and Crypto-to-Crypto Exchange options. The rates vary every 30 seconds to reflect the changes in the crypto market.

Two ways to deposit funds to your CoinLoan wallet are SEPA for Eurozone regions and SWIFT for worldwide transactions.

Card (Coming Soon)

CoinLoan plans to launch its crypto card: CoinLoan Debit Card, powered by Visa. When available, users can opt for a virtual or a physical card that can be used for payments to over 60M merchants. CoinLoan Debit Card will be available free of charge to CoinLoan users with a crypto interest account and will provide several perks such as zero fees and no transfer limits.

CoinLoan Debit Card supports over 20 currencies and will debit funds from your CoinLoan wallet after any transaction. This card is expected to be released soon, and interested users can join the waiting list.

Supported Crypto Assets

CoinLoan allows its users to earn interest on 25 currencies including traditional crypto assets, stablecoins, and fiat, on their account. CoinLoan supports the following currencies:

  • Euro (EUR)
  • USD Coin (USDC)
  • Bitcoin (BTC)
  • Paxos Standard (PAX)
  • Litecoin (LTC)
  • ...and many more.

CoinLoan Tokens

The CoinLoan Token or CLT is the platform’s native token based on the ERC-20 format on the Ethereum blockchain.

The current price is $19.93 per CLT, -89.948% from the all time high of $192.18.

CoinLoan’s Loyalty Program provides more features and benefits, including lower interest rates on your loans, more free monthly withdrawals, and cashback on your exchange transactions, depending on your tier list. The four membership tiers are Starter, Value, Advanced, and Performance.

  • The Starter tier is given to users with 2.5 to 5% of their staking share consisting of CLT. It provides 0.1% cashback in the form of CLT tokens from Exchange, with a 5% discount on loan interest when you pay in CLT. Only one free withdrawal is given on Ethereum and ERC-20 withdrawals.

  • The Value tier requires 5 to 10% of your total staking share in the form of CLT. This tier provides a 0.15% cashback in CLT and a 10% discount on your loan’s interest rates when paid in CLT. You are also given two free withdrawals every month on ETH transactions.

  • To get to the Advanced tier, 7.5 to 10% of your staking portfolio must consist of CLT. A cashback of 0.2% in the form of CLT on Exchange, along with a 15% discount on your loans, is given if you are in the Advanced tier. Lastly, Advanced membership gives three free monthly withdrawals on ETH and ERC-20 tokens.

  • The last tier is Performance, awarded to users whose staking share consists of more than 10% CLT. The Performance tier provides a 0.3% CLT cashback on Exchange and a 25% discount on your loans’ interest rate every time you pay it in CLT. Lastly, you can withdraw ETH and ERC-20 tokens five times every month without paying any fee.

As mentioned earlier, the high-interest rates of 12.3% on staking your coins include 2% rewards from CLT staking. This makes it better to invest in CoinLoan if your investment portfolio consists mainly of CLT.


Like every other crypto platform, CoinLoan charges fees on many of its services and transactions.


Deposits made in both fiat and crypto assets are free. However, you must pay some withdrawal fee after using the free withdrawals allocated to you in a month.

The withdrawal fee varies between cryptocurrencies. You can avoid paying the withdrawal fees by withdrawing your profits on a monthly basis. There is also a daily withdrawal limit of $500k.


CoinLoan requires you to pay a loan origination fee every time you process a new loan application. The origination fee starts at 1% of the overall principal amount. You can get a discount of 50% on your borrowing fee by paying in CLT.

If you are unable to repay the loan, the platform is forced to liquidate your assets, and a liquidation fee of 7% is levied on the crypto collateral. Lastly, CoinLoan does not charge any early termination fees if you close your loan early.


CoinLoan does not charge any trading fee on their Exchange. However, it offers cashback in the form of CLT tokens depending on your loyalty membership tier, the maximum being a 0.3% cashback.

Is CoinLoan Safe and Legit?

Putting your crypto assets in an untrustworthy platform could result in reduced earnings and lead to a loss of your digital assets. But rest assured, CoinLoan values security and is considered one of the most secure platforms for investors and crypto enthusiasts.

CoinLoan has many security features and regulations to safeguard your funds


CoinLoan provides Two-Factor Authentication (2FA) authorizations whenever you access your wallet and sends a notification to your email. The mobile app also supports Biometric Authentication.

Users’ crypto assets are stored in cold offline wallets. These require a multi-signature process involving the use of several keys. Signing with a single key is impossible, and you won’t lose your assets if a single multi-signature key goes missing.

The encrypted parts of the keys are stored in safe deposit boxes of banks for enhanced security.

CoinLoan follows the latest encryption standards to avoid external tampering with transactions. There is infrastructure in place to prevent attacks and to check daily for vulnerabilities using a vulnerability scanner.


CoinLoan follows the AML (Anti-Money Laundering) guidelines and has KYC protocols to verify the identity and legitimacy of its users. The transactions on CoinLoan are made through the active legislation of the Republic of Estonia and the European Union. Lastly, CoinLoan is licensed by the Estonian Intelligence Unit to operate as a regulated financial institution.


CoinLoan uses BitGo as its custodian to store users’ assets. Lloyd’s Syndicate provides this custodian an insurance cover of USD 250 million in case of loss or theft of keys by hacking.


CoinLoan has a help center with 60 informative articles and FAQs. If you’re on a desktop, you can use the chat option to discuss your problems with the support team by clicking on the small chat icon at the bottom right corner of the screen.

You can also chat with the customer support team by clicking on the Settings tab and scrolling down to the Live Chat option. Lastly, you can also contact CoinLoan by email in case of any queries.

Compare with CoinLoan alternatives

PlatformInterest Rates (APY)
Up to 7% on BTC
Up to 12% on Stablecoins
... 36 more coins
Up to 5% on BTC
Up to 0.08% on Stablecoins
... 196 more coins
Up to 3.05% on BTC
Up to 8.33% on Stablecoins
... 56 more coins

Pros and Cons


  • Easy to use platform.
  • Highly secure platform.
  • Allows users to borrow crypto-backed loans.
  • Accessible on both mobile and desktop.
  • No deposit fees.
  • Built-in Exchange.
  • No credit checks.


  • Only one free withdrawal per month. However, you can get more than one free withdrawal if you are in a membership tier above the Starter tier. 
  • The highest interest rates can only be attained if you stake CLT tokens.
  • An origination fee is charged on your loans.


is an excellent all-in-one crypto platform that allows you to invest, trade, and borrow crypto to suit your investment needs. The sheer number of security options is a testament to its trustworthiness, and the high-interest rate on crypto-assets offers plenty of incentives for users.

Get Our Newsletter

Subscribe to our newsletter to get tips, our favorite services, and the best deals on Bitcompare-approved picks sent to your inbox.

No spam, unsubscribe anytime. Read our Privacy Policy.

Get crypto smart in 5 minutes

Join readers from Coinbase, a16z, Binance, Uniswap, Sequoia and more for the latest staking rewards, tips, insights and news.

No spam, unsubscribe anytime. Read our Privacy Policy.

© 2024 Bitcompare is a trading name of Tokentalk Ltd. Registered in England No. 11332964 Registered Office: Unit 3 Mitcham Industrial Estate, 85 Streatham Road, Mitcham, United Kingdom, CR4 2AP.

Advertiser disclosure: Bitcompare is a comparison engine that relies on advertising for funding. The business opportunities that can be found on this site are offered by companies with which Bitcompare has made deals. This relationship may affect the way and where products appear on the site, such as in what order they are listed in categories. Information about products may also be placed based on other factors, such as the ranking algorithms on our website. Bitcompare does not look at or list all companies or products on the market.

Editorial disclosure: The editorial content on Bitcompare is not provided by any of the companies mentioned, and has not been reviewed, approved, or otherwise endorsed by any of these entities. The opinions expressed here are the author’s alone. Additionally, the opinions expressed by the commenters do not necessarily reflect those of Bitcompare or its staff. When you leave a comment on this site, it will not show up until a Bitcompare administrator approves it.

Warning: The price of digital assets can be volatile. The value of your investment can go down or up, and you may not get back the amount invested. You are the only one who is responsible for the money you invest, and Bitcompare is not responsible for any losses you might have. Any APR shown is a rough estimate of how much cryptocurrency you will earn in rewards over the time period you choose. It does not display the actual or predicted returns or yields in any fiat currency. The APR is adjusted daily, and the estimated rewards may differ from the actual rewards generated. The information on this page is not meant to be a sign from Bitcompare that the information is correct or reliable. Before making any investment, you should carefully consider your investment experience, financial situation, investment objectives, and risk tolerance, and consult with an independent financial advisor. Links to third-party sites are not under the control of Bitcompare, and we are not responsible for the reliability or accuracy of such sites or their contents. For more information, see the Terms of Service for Bitcompare and our Risk Warning.