Coinloan Staking

Coinloan Loans

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Verdict: Loan between 20-70% of your collateral, with a number of assets and currencies to choose from. Interest rates range between 4.5-11.95% with customers able to pay back at any time. Take out a loan for up to 3 years, with no lock-ins or credit checks and an instant approval. Their 90% margin call LTV is one of the best we've seen so far, keeping your collateral safer than most.

Coinloan further utilise cold storage & 2FA for added security and have never had a security breach since founding in 2017. They maintain very fair interest rates ranging from 7.5-11.95%, with a 1% origination fee. Accessible via both mobile & web, with app support for both iOS/Android phones. Learn more about this platform below.

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8.5/10 (Expert Score)
Product is rated as #3 in category Loans

Coinloan offer a straightforward & simple service with great flexibility. Users can get a loan of 20-70% LTV, with no credit checks and an instant loan approval. They maintain a highly competitive 90% margin call LTV and accommodate for three loan options: crypto-to-crypto, crypto-to-fiat & fiat-to-crypto. For Fiat loans, they offer EUR, GBP & RUB, each with rates varying between 4.95-14.95%. Users can make long-term loans of up to 3 years, with the ability to pay back when they want. This gives users much more freedom over their finances in comparison to other platforms.

Coinloan also claim that they will never surprise you with any lock-ins or hidden fees, as part of their promise. As it stands, their main 1% origination fee is quite fair, however could prove a little expensive for bigger loans of BTC/ETH/GBP/EUR, etc. Currently, there is no minimum or maximum loan amount, one of very few platforms to offer this. Rates range from 4.5-11.95% APR, depending on LTV option and currency option. Whilst 20% LTV offers the best APR of 4.5% on BTC/ETH/DAI/etc, it also means that users are only given 20% of their collateral value.

On the other hand, their highest 70% LTV option results in users receiving more for their collateral, whilst paying vastly increased rates. APR for these 70% LTV loans stands at 7.5% for BTC/ETH/LTC and an industry standard 11.95% APR for stablecoin/Fiat. Even still, an APR of just 7.5% on cryptocurrency is incredibly competitive; especially for a platform that has no staking requirement. In terms of security, security, this platform utilises both cold storage (courtesy of BitGo custodians) and 2FA, resulting in no security breaches or hacking since conception.

At the time of writing, Coinloan currently offer some of the best cryptocurrency loan rates that we’ve reviewed in 2021; remaining one of few platforms to stick to their promise of no lock-ins or hidden fees, preferring to take an up front approach. This platform remains highly accessible via PC and Apple/Android phones. Discover more about this platform from our pros & cons below.

Supported Currencies
8
Interest Rates & Fees
8.5
Customer Support
9.5
Company Reputation
7
PROS:
  • Responsive customer support
  • Very competitive 90% margin call LTV
  • No credit checks, lock-ins/fines or hidden fees
  • Mobile app available on both Apple & Android
  • No withdrawal fees, with users able to repay loan in own time
  • Only requires collateral and offers a wide choice of loan currencies
  • Three loan options with instant loan approval and good rates overall
  • No maximum or minimum loan with long loan terms of up to 3 years
  • Never suffered a security breach - utilises cold storage/2FA and further insured for up to $100 million by BitGo custodians
CONS:
  • 1% origination fee is expensive for large loans
  • Less collateral options than some competitors
  • Relatively new company (2017)
  • No USD options

Specification: Coinloan Loans

Loan Information
Accepted Collateral , , , , , , ,
Supported Loan currencies , , , , , , , , , , , ,
Staking
Staking Percentage N/A
Loan to Value Ratio (LTV) 20%, 35%, 50%, 70%
Margin Call LTV 90%
Maximim loan amount None
Minimum loan amount None
Loan Term Up to 3 years
Company & Availability
Headquarters Tallinn
Year of origin 2017
Number of users Undisclosed
Insurance Coverage BitGo
Previously hacked No
Eligible regions , , , , ,
Excluded regions Bolivia, China, Ecuador, Iran, Nepal, Sanctioned countries
KYC
Credit Check No
Crypto Loan Rates
Bitcoin APR 4.5 - 7.5%
Ethereum APR 4.5 - 7.5%
Litecoin APR 4.5 - 7.5%
PAX APR 4.95 - 11.95%
TUSD APR 4.95 - 11.95%
USDC APR 4.95 - 11.95%
USDT APR 4.95 - 11.95%
Fiat Loan Rates
EUR APR 4.95 - 11.95%
GBP APR 4.95 - 11.95%
Asset protection & Insurance
Cold Storage Yes
Company Backing N/A
FDIC insurance No
Insured by Lloyd's

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