CoinLoan Review

CoinLoan is a P2P cryptocurrency lending platform where inventors and borrowers can invest and get loans respectively. Lenders issue crypto-backed loans and earn interest over the loan duration. Lenders give fiat currency loans and use cryptos like Bitcoin as collateral. It is a safe and reliable platform to borrow and invest your money. You are guaranteed good repayments.

Among its features include:

  • Loan period: Between 1 month and 3 years
  • Interest rates: between 4.95% and 11.95% annually
  • Accepted fiat currencies: USD, EUR, GBP RUB
  • Minimal investment: 100 euros


How CoinLoan Works

To start using, you need to create an account for a borrower or a lender. If you are a lender, you must first deposit fiat currencies in your wallet. The borrower on the other hand will need to deposit crypto assets which will be used to secure their loan.

Once the lender and the borrower have made deposits, the next thing is to match a lender and a borrower. The borrower selects a lender with the best loan terms like interest rates and the repayment period. Lenders can use the lending market to issue a loan or to create a custom offer. At the end of the duration, the borrower pays off the principal and interest. The lender also returns the crypto assets back to the borrower.

CoinLoan makes it easy for booth lenders and borrowers. Unlike traditional lending where it is very expensive to go after collateral, CoinLoan allows lenders to hold cryptos as collateral. In case the borrower fails to repay the loan, the cryptos can be used to offset the loan.

How to Set Up an Account on CoinLoan

It is easy, fast and free to create a CoinLoan account. Both lenders and borrowers need to have an account to start lending or borrowing.

  • Visit page and from the top corner, click Sign Up
  • Enter your email and your preferred password for the account
  • A verification code will be emailed to you
  • Use the verification code to verify your account

You will also need to verify your identity. To do so, select My Account from the top right corner and select Verification. You will need to enter your personal details like name, date of birth, gender and place of birth. Then, you need to upload a photo of yourself holding your ID. After verifying your identity, you can start investing and borrowing.

CoinLoan Features

CoinLoan Exchange

CoinLoan also offers a platform where you can trade in cryptos. It allows one to buy and sell cryptos. You can use SWIFT, Visa and MasterCard to complete fiat currency global transfers. On the other hand, you can use SEPA for fiat transfers with the European region and AdvCash worldwide except in USA.

CoinLoan Token and CoinLoan App

CoinLoan offers Ethereum based utility token. You can use the tokens to pay borrowing fees and if you do so, you get a 50% discount. CoinLoan app is available for Android and iOS users. You can use it to borrow, lend and manage funds.

CoinLoan Interest Account

CoinLoan allows you to earn interest via CoinLoan interest account. When you make a deposit, you start earning daily interest on your assets. CoinLoan has no platform fees, transfer fees, and customers’ money is never locked. You can deposit fiat currency or crypto into your CoinLoan interest account.


CoinLoan Fees

CoinLoan has varying fees depending on the service. Their fees are as follows:

  • Deposits: Fiat deposits are free. However, if you are using Visa or MasterCard, you will be charged 2 EUR and a 4.2% fee.
  • Withdrawals: Free fiat and cryptocurrencies withdrawals
  • Liquidation fee: 7%
  • Borrowing fee: 1% of the principal amount. You will get a 50% deposit of your payment using CoinLoan Tokens
    CoinLoan token price: Follow live tracking of CoinLoan token price

CoinLoan Customer Support

CoinLoan has excellent customer support who can address your queries. They also have a Telegram community where you can discuss with members.

Is CoinLoan Safe?

CoinLoan has been around since 2016. It is licensed and regulated using Estonian Financial Intelligence and FinCEN in the US. CoinLoan does not store private keys in devices that are within the network thereby securing your data. Besides, funds are stored in cold multi-signature wallets. All withdrawals are processed manually which leads to some delays but ultimately ensures security. It is also licenses and regulated using European legislation.

Pros and Cons of Using CoinLoan


  • It is regulated using the European legislations
  • Very secure and easy to use
  • Easy to set up and verify an account
  • It is available worldwide
  • It supports fiat transfers


  • Fewer loans to invest in
  • Lacks transparency

CoinLoan Alternative

If you are not satisfied with CoinLoan interest rates and features, there are other CoinLoan alternatives you can opt for. They include:

Final Thoughts on CoinLoan

If you want to earn money through p2p lending or you own cryptos and you are in need of a loan, CoinLoan is one of the platforms you can use. It supports multiple fiat currencies and cryptos. Moreover, it is a regulated platform, which makes it a safe platform to invest in.