About Coinloan Cryptocurrency Exchange
A licensed crypto lending platform, known on the market since 2017. Coinloan Cryptocurrency Exchange helps you borrow, swap and grow your assets. They combine the best of traditional and novel finance to offer you both solid security and favourable terms. Established in 2018 This is a peer-to peer cryptocurrency lending platform based in Estonia that offers users a high loan-to-value rate while also offering attractive interest rates for those wishing to earn passive income. They also offer a crypto exchange in addition to borrowing and lending fiat currencies such as the Euro. The CoinLoan Review will help you decide if it is the right platform for you.
|Exchange Name||Coinloan Cryptocurrency Exchange|
|Withdraw Limit||$500k per 24 hours rolling period.|
How To Start With Coinloan Cryptocurrency Exchange
To Start Trading With Coinloan Cryptocurrency Exchange Indian Residents First Have To Sign Up For An Account By Following The Steps Below.
Step 1. Click On The “Login/Signup” Link On The Top Right Hand Corner Of The Coinloan Exchange Website.
Step 2. In The Form, Fill In Your First Name, Last Name, Mobile Number, Email ID And Password.
Step 3. If You Have A Referral Code, Enter The Code While Creating Your Account.
Step 4. Submit The Form And Wait For An Activation Email To Be Sent To You.
Step 5. Click On The “Confirm Email” Link In The Activation Email.
Step 6. After Your Account Is Activated, You’ll Be Sent A 6 Digit One Time Password (OTP), Which You Have To Enter After Logging Into Your Coinloan Cryptocurrency Exchange .
What Are Platform’s Fees & Limits?
CoinLoan charges no fees for withdrawals and Interest Account operations. Read more about other fees.
To choose the borrowing fee option, you need to select the “Origination Fee Type” in the Instant Loan application form.
The Coinloan Cryptocurrency Exchange platform provides two options for paying borrowing fees:
- Loan Currency;
- CoinLoan Tokens (CLT) – 50% discount.
Borrowing fees are calculated as 1% of the overall loan principal amount.
CoinLoan allows you to earn interest via The interest account. When you make a deposit, you start earning daily interest on your assets. It has no monthly fees, transfer fees, and customers’ money is never locked, meaning you can withdraw anytime. You can deposit fiat currency or crypto into your CoinLoan interest account.
CoinLoan Tokens (CLT)
Paying in CLT, you get a 50% discount. The discount is deducted from the loan currency fees’ amount (the calculation is based on the CLT market value).
- Borrowing fees are estimated in your loan’s currency (1% of the overall loan principal amount).
- This amount is reduced by half.
- The resulting amount is converted into CLT (according to its current market value).
If CLT has been selected as an origination fee for a loan and your CLT wallet balance is not enough to pay the fee, the platform will automatically deduct the equivalent amount in loan currency from the loan principal.
Deposits in digital currencies are free.
Deposits in fiat currencies are free.
They take over withdrawal fees. However, there is a withdrawal limit of $500k per 24 hours rolling period.
The liquidation fee is equal to 7% of the liquidated loan collateral.
Why Choose Coinloan Cryptocurrency Exchange
Reliability and safety.
CoinLoan has three Estonian Financial Licenses (FVR000111, FRK000091, and FFA000241). These licenses allow them to operate fiat, crypto, and alternative means of payment worldwide.
Cryptocollateral ensures repayment of the loans in time and without default risk. In case of need, collateral can be sold instantly to meet the borrower’s obligations in full.
Ease of use
Coinloan Cryptocurrency Exchange You don’t need to control the repayments and the market price of the collateral — the platform does this for you.
Borderless lending opportunities are available for lenders from anywhere in the world. With that introduction out of the way, let’s take a deeper dive.