CoinLoan

Crypto lending and payments

CoinLoan helps you borrow, swap, and grow your assets.

Pros

  • The platform is simple to use.
  • Borrowers can get loans in both fiat and crypto.
  • CoinLoan provides flexible terms.
  • Deposits and withdrawals are not charged any fees.
  • This platform allows users to borrow money in both fiat and cryptocurrency.
  • Crypto-collateralized loans are available.

Cons

  • There are no alternatives for choosing a loan or a borrower.
  • Volatility in cryptocurrency can have an impact on the loan.
  • If the user does not utilize the CLT currency, the income generated will be lesser.
  • Returns on investment may be lower than expected.

Features

  • Interest accounts
  • Crypto-backed loans
  • Staking CLT gives you access to higher interest rates

What is CoinLoan?

CoinLoan is a financial services company founded in 2017 by Alex Faliushin that offers fiat and crypto loans, interest on deposits, and crypto exchange. It offers fast swaps between more than 140 crypto pairs through its crypto exchange. CoinLoan is one of the most secure crypto loan services, with borrowers and lenders alike, and is available in over 150 countries throughout the world, including the United Kingdom, the United States, and other major European countries.  If a user needs money, this platform works in the same way as any other loan provider. As collateral, the investor must use their cash or cryptocurrency assets. Additionally, they can get better profits if they use CoinLoan tokens (CLT). As a loan-to-value, the user can borrow up to 70% of their fiat or cryptocurrency value.

CoinLoan is a crypto lending platform that allows anyone to borrow money. People in need of money might trade bitcoin for a short-term loan. The loans are worth roughly 70% LTV (Loan-to-Value), and it's a terrific method to give consumers access to their cryptocurrency's potential.

For fast loans or crypto conversion, CoinLoan supports more than 15 digital currencies. 

Furthermore, customers can access the platform's functionality by withdrawing and depositing their currencies using some of the typical payment alternatives available. The user must go through a quick KYC process create an account on the CoinLoan platform and fund their interest accounts with either cryptocurrency or fiat currency.

Year Founded: 
2017
Check out CoinLoan now
@coin_loan

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