Cryptocurrency is becoming increasingly mainstream, and crypto lending is quickly becoming one of the most popular ways for individuals to earn passive income or borrow money. One platform that has been gaining traction in the crypto lending space is Coinloan. In this review, we’ll take a deep dive into Coinloan and examine its features, benefits, loan process, security and regulations, customer support, pros and cons, and how it compares to other crypto lending options. Whether you’re considering using Coinloan for borrowing or lending, this review will provide the information you need to make an informed decision.

1. What is Coinloan?

History of Coinloan

Coinloan is a peer-to-peer lending platform that was founded in 2017 by Alex Faliushin, who serves as the CEO. The company has its headquarters in Tallinn, Estonia, and has a team of experienced professionals with expertise in finance, technology, and law.

Introduction to Coinloan

Coinloan is an innovative platform that allows borrowers to access loans using their cryptocurrency as collateral. The platform connects lenders and borrowers from all over the world, providing a safe and reliable way to borrow and lend money.

Coinloan’s Vision and Mission

Coinloan’s vision is to become the leading global lending platform that provides access to finance for people all over the world, regardless of their location or credit score. The company’s mission is to democratize access to finance by leveraging the power of blockchain technology.

2. Coinloan Features and Benefits

Overview of Coinloan Features

Coinloan offers a range of features that make it easy for borrowers to access loans and for lenders to earn interest on their funds. Some of these features include:- Low interest rates- Multiple collateral options- Support for multiple cryptocurrencies- Fast loan approval process- No credit checks required

Coinloan’s Interest Rates

Coinloan offers some of the lowest interest rates in the industry, with rates starting from as low as 4.5% per year. The exact rate offered depends on a number of factors, including the collateral used, the loan amount, and the borrower’s credit score.

Coinloan’s Collateral Options

Coinloan supports a range of collateral options, including Bitcoin, Ethereum, Ripple, Litecoin, and more. The platform also allows borrowers to use fiat currency as collateral, providing greater flexibility for borrowers.

Coinloan’s Supported Currencies

Coinloan supports a range of cryptocurrencies, including Bitcoin, Ethereum, Ripple, Litecoin, and others. This allows borrowers to use their preferred currency as collateral and provides lenders with access to a wide range of borrowers.

Coinloan’s Credit Scoring System

Coinloan uses a proprietary credit scoring system that takes into account a number of factors, including the borrower’s credit history, collateral, and payment history. The system is designed to provide lenders with a comprehensive view of the borrower’s creditworthiness and helps to reduce risk.

3. Coinloan’s Loan Process

Step-by-Step Guide on How to Borrow on Coinloan

The loan process on Coinloan is fast and easy. Here’s a quick step-by-step guide:1. Open an account on Coinloan and complete the application process.2. Choose the cryptocurrency you want to use as collateral.3. Enter the loan amount and select your preferred repayment term.4. Receive your loan approval and transfer the collateral to Coinloan’s secure wallet.5. Receive the loan funds in your account.

Coinloan’s Loan Application Requirements

To apply for a loan on Coinloan, borrowers must meet the following requirements:- Be at least 18 years of age- Have a valid email address and mobile number- Have a cryptocurrency to use as collateral- Pass Coinloan’s credit scoring system

How Long Does it Take to Get a Loan from Coinloan?

Coinloan’s loan process is designed to be fast and efficient, with loans typically approved within 24 hours. The exact time frame depends on a number of factors, including the collateral used and the borrower’s credit score.

4. Security and Regulations

Coinloan’s Security Features

Coinloan takes security seriously and has implemented a range of features to keep users’ funds safe. Some of these features include:- Two-factor authentication- Secure wallet technology- Cold storage for funds- Advanced encryption technology

Coinloan’s Compliance with Regulations

Coinloan is registered with the Estonian Financial Intelligence Unit and complies with all relevant regulations in the countries it operates in. The company is committed to operating in a transparent and compliant manner.

Is Coinloan Safe?

Coinloan is a safe and reliable platform for borrowers and lenders alike. The company has implemented advanced security features to keep users’ funds safe and complies with all relevant regulations in the countries it operates in.

5. Coinloan’s Customer Support

Ways to Contact Coinloan’s Support Team

Coinloan offers various ways to contact their support team in case users have any queries or issues. The most convenient way to reach their support team is via the live chat feature available on their website. Users can also send an email to or fill out the contact form available on their website.

Coinloan’s Response Time to Customer Queries

Coinloan’s response time to customer queries is impressive, with most inquiries being resolved within a few hours. The live chat feature is particularly helpful in resolving issues promptly. However, it is worth noting that the response time may vary depending on the nature and complexity of the issue.

Coinloan’s Customer Reviews and Ratings

Coinloan has received positive reviews and ratings from its users for its customer support. Users have praised the company’s support team for their prompt and helpful assistance. Coinloan’s customer service has been rated 4.5 out of 5 on Trustpilot, a popular review website.

6. Pros and Cons of Using Coinloan

Advantages of Using Coinloan

One of the biggest advantages of using Coinloan is the flexibility it offers in terms of loan type, interest rates, and repayment terms. Users have the option to choose between a fixed or variable interest rate and can customize their repayment terms as per their needs. Another advantage is the quick loan approval process, with loans being approved within a few minutes of application.

Disadvantages of Using Coinloan

One of the main disadvantages of using Coinloan is the limited availability of cryptocurrencies for collateral. Currently, only four cryptocurrencies are accepted as collateral, which may not be convenient for users who hold other cryptocurrencies. Additionally, some users have reported high fees for withdrawing funds from the platform.

7. Comparing Coinloan with Other Crypto Lending Options

Comparison Between Coinloan and Other Crypto Lenders

Compared to other crypto lenders in the market, Coinloan offers a wide range of loan types, customization options, and competitive interest rates. However, they have a limited availability of cryptocurrencies for collateral, which may be inconvenient for some users.

How Does Coinloan Stand Out Among Other Crypto Lenders?

One of the unique features that sets Coinloan apart from other crypto lenders is their ability to collateralize assets other than cryptocurrencies. Users can collateralize assets such as gold and silver, which is not available with other crypto lenders. Additionally, Coinloan offers a referral program, where users can earn rewards for referring new users to the platform.In conclusion, Coinloan offers an easy way to access funds or earn passive income using cryptocurrencies. Its platform is secure, user-friendly, and offers competitive rates. While there are some drawbacks to using this platform, it is a viable option for those in need of funds or looking to earn passive income. Overall, Coinloan is worth considering for anyone interested in crypto lending.


1. Is Coinloan safe to use?

Coinloan is a regulated platform that is committed to ensuring its users’ safety and privacy. The platform uses bank-level security measures, such as two-factor authentication and encryption, to keep users’ data and funds secure.

2. What is the minimum amount that can be borrowed on Coinloan?

The minimum amount that can be borrowed on Coinloan is $50, and the maximum amount is $1,000,000. However, the amount you can borrow depends on your credit score and the value of the collateral you provide.

3. How long does it take to get a loan on Coinloan?

Coinloan’s loan approval process typically takes less than 24 hours, and funds are usually disbursed within 24-48 hours after approval. However, the exact time it takes to get a loan may vary depending on the amount of the loan and the quality of the collateral provided.

4. How does Coinloan compare to other crypto lending platforms?

Coinloan offers competitive rates and a user-friendly platform that makes it easy to borrow and lend cryptocurrencies. However, its loan amounts are lower than some other platforms, and the interest rates can be higher for borrowers with lower credit scores. Overall, Coinloan is a solid choice for those looking for a reliable and secure crypto lending platform.

By John Adetiloye

I'm a pharmacist by profession, but my passion for cryptocurrency has led me down a different path. I've been staking crypto for years, and I'm always eager to learn more about this exciting and ever-changing field.

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