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Licensed cryptocurrency exchanger with exchange functions supports bank cards and fiat currencies, cryptocurrency loans and deposits are available on the platform.
Cryptocurrency exchange
Official website
Social network
Date of foundation
Head Office
Lastekodu 25-38, Tallinn, 10113, Estonia
Types of support
[email protected]Live ChatHelp CenterFacebookTelegramTwitter
Phone Support
Aleksandr Faliushin
Company owner
CoinLoan OÜ
Aleksandr Faliushin
Minimum deposit amount
No limits
No limits
Maximum input amount
No limits
No limits
Minimum withdrawal amount
  • From 50 USDT
  • From 0.001 BTC
  • From 0.01 ETH
  • From 0.002 LTC
  • From 25 XRP
Fiat Currency
  • Advcash: from 100 RUB
  • Sepa: from 10 EUR
  • SWIFT: from 5 000 EUR
  • From 50 USDT
  • From 0.001 BTC
  • From 0.01 ETH
  • From 0.002 LTC
  • From 25 XRP
Fiat Currency
  • Advcash: from 100 RUB
  • Sepa: from 10 EUR
  • SWIFT: from 5 000 EUR
Maximum withdrawal amount
No limits
No limits
Exchange Commission
Transaction fee: 0 %
Age restrictions
Depends on the laws of your country
Number of users
70000+The number of users is constantly growing
Number of cryptocurrencies
17+The number of cryptocurrencies may change
Margin trading
Tokenized assets
Own token - CLT
Free demo account
Types of accounts
Methods of replenishment
Bank card (Visa/MC), Cryptocurrencies, Advcash, SWIFT, Sepa
Withdrawal methods
Bank card (Visa/MC), Cryptocurrencies, Advcash
Account Currencies
EUR, USD, RUB, GBP, Cryptocurrencies
Types of cryptocurrencies
Bitcoin, Bitcoin Cash, Ethereum, Litecoin, Tether, Monero, Paxos Standard, Stellar, et al.
European Financial Licenses FVT000114, FFA000241 (Active)
Mobile apps
There are mobile apps (iOS / Android)
Trader training
Blog, Help Center
A way to store cryptocurrencies
Cold: yes
Hot: yes
Fiat accounts
Stop loss and take profit function
Possibility to exchange for fiat currencies
Terminal capabilities
Updated quotes, transaction amount
Basic verification
Mandatory procedure
Advanced AML verification
Laws regulating activities
Estonian law
Read moreNo authentication is required
50 %Receive
Discount on commissions
For finding errors
Affiliate Program
Registration0.2% from referral exchange, 0.2% from credit, 0.1% from stacking
Support for fiat currencies, both deposit and withdrawal
High rates of return on deposits placed
Adequate credit conditions
Cheap exchange at competitive rates
Working affiliate program with remuneration in stable cryptocurrency
Support for rubles and bank cards
Official Regulator License
Incomplete mobile apps (according to online reviews)
Company requisites
Overall assessment
Date of update
August 7, 2023
    Lastekodu 25-38, Tallinn, 10113, Estonia

    CoinLoan is this a scam? Review and Customers Reviews

    Published: 14 May 2021 Updated: 7 August 2023

    CoinLoan – is a cryptocurrency project launched in 2017 in Estonia. It is essentially an exchanger, but with exchange functions, as well as a loan and credit market. Users can not only exchange tokens, but also invest them at interest. KYC customers take secured loans in cryptocurrency. In this review, let’s find out if it’s a scam. cryptocurrency exchange CoinLoan?

    CoinLoan is a scam? Reviews

    Discount 50% on commissions when you go to at


    Why CoinLoan?

    CoinLoan is one of the few licensed exchangers that support SWIFT and SEPA money transfers. Fiat can also be used for transactions with Visa and Mastercard. And of electronic payment systems connected AdvCash. The site supports fiat accounts. Available deposits in euros, rubles and pounds sterling, with competitive rates up to 12.3%. Support for Tether, USDCoin, Paxos Standard, DAI, True USD and Binance USD stabelcoins is provided. Credit rates are moderate, ranging from 4.5 to 6.9%, depending on the currency and collateral used. cryptocurrency exchange

    CoinLoan has launched its own token, CLT. If a user keeps 125 CLT on their Coinloan balance, they get an additional return of 0.1% on the invested funds. The percentage grows as CLTs are accumulated. For example, if 2,500 tokens are deposited, the increment to APY will be a tangible 2%. As a marketable asset, the token responds well to the growth of the Coinloan platform. CLT is traded on exchanges Bittrex, HitBTC, Hotbit and Uniswap. The total capitalization exceeds $290 million. Users’ assets are placed on “cold” wallets protected by multi-signatures. Only the required volume of coins is involved in active processes. Nevertheless, the system is fine-tuned and if necessary, the platform quickly provides liquidity and does not lose the exchange rate. The security system also works on the user side – there is a two-factor authentication to log into the account, with an additional request for a code when withdrawing funds or changing the password. Mobile applications for iOS and Android are available.

    CoinLoan mobile app


    How do I buy cryptocurrency at

    Before buying cryptocurrency You need to top up the balance of CoinLoan. To do this, go to My Wallet menu. Then choose the currency of the deposit. This can be crypto, stabelcoin or fiat money. After clicking on Deposit, a window with details will open. The client must transfer money or coins to the specified details, after which they will be credited to the wallet. The entire exchange of cryptocurrency is done through the Crypto Exchange menu. On the website no exchange interface with bright charts and indicators. Transactions between currencies go through a simple window consisting of two forms:

    • In the line You Pay you must specify the number of coins to exchange. You can choose currency or crypto in the drop-down list next to it.
    • In You Get, you need to specify what kind of cryptocurrency the client wants to get. The field will automatically indicate the amount of proceeds.

    CoinLoan earnings service

    When the parameters of the exchange are specified, it remains to click on Exchange, to the right of the form. A brief summary of the transaction is shown next to it. The exchange rate is updated every thirty seconds. In the Interest Account menu users can invest Cryptocurrencies at interest and earn coins. The mechanism is simple – you need to click on Deposit and specify the number of coins to deposit. The money is not frozen, they can be withdrawn at any time. But for maximum profit, it is recommended to keep the funds longer to get interest capitalization. In the Instant Loan menu, CoinLoan customers can apply for a cryptocurrency loan. The exchanger requires collateral – coins placed in the wallet. The size of the minimum loan depends on the specific currency. For example, the loan in rubles starts from 5 thousand, and in euros – from 100€.

    CoinLoan buying cryptocurrencies


    Verification on the CoinLoan platform

    Verification on the site obligatory. An anonymous client will not even be able to make a deposit in Bitcoin. To proceed to identification, you need to open My Account menu and select Verification. verification

    The procedure consists of three steps – filling out the form, uploading the document and taking selfies. In the questionnaire you must specify:

    • Cell phone number.
    • Registration address: country and region, city and street name, house and apartment number.
    • Zip code.
    • You also need to select the country of residence in the drop-down list.

    The second step is to upload a scan of a document proving your identity. This can be a passport, ID card or driver’s license. CoinLoan accepts documents in Russian, so Russian citizens can use their internal passport. At the third stage the system will ask for selfies. You have to hold the document used in the previous step. You can take a photo directly on the exchanger’s website. If there is no webcam, the procedure can be done from a smartphone.


    Terms of buying cryptocurrency

    CoinLoan has no direct bans on the use of the service for citizens of individual countries. At least, the company does not provide a list of “banned countries”. Each application for verification is considered separately. Probably the company will not give access to the exchanger for citizens of North Korea, Iran, Somalia and similar countries. Residents of Russia, Ukraine, Belarus and Kazakhstan have no restrictions – the site works with them without any problems. The exception is direct dollar deposits from bank accounts. This function is not available to CIS residents. But you can use euros, rubles or British pounds sterling. If you need a dollar transfer, the exchanger recommends using AdvCash. Coinloan cooperates with corporate clients on an individual basis. If the trader represents a company or works through a legal entity, he should contact the support service. The company’s specialists will prepare documents and conduct onboarding.

    Deposit and withdrawal limits

    There is no single limit for cryptocurrency deposit – CoinLoan can accept any amount. Here you should take into account the limits of the wallet used for deposit and network commission. Minimum fiat deposit:

    • AdvCash: 50 euros, dollars or pounds. Or 5,000 rubles.
    • SWIFT: the equivalent of 1000 euros.
    • SEPA: depends on the service used for the deposit. On average – 10 euros.

    CoinLoan withdrawal limits

    Minimum deposit in Interest Account: 25 euros or pounds, 5 thousand rubles, the equivalent of $100 in stabelcoins. Withdrawal limits from CoinLoan in popular cryptocurrencies:

    • Bitcoin: 0.001 BTC.
    • Ethereum: 0.02 ETH.
    • Litecoin: 0.002 LTC.
    • Monero: 0.01 XMR.
    • Ripple: 25 XRP.
    • Stablecoins: The equivalent of $50.

    The minimum allowable payment in fiat currencies depends on the system used. For SEPA it is 10 euros. For SWIFT – five thousand euros or pounds sterling. AdvCash users can withdraw amounts starting from 50 euros or pounds, or from 100 Russian rubles. commissions

    CoinLoan does not charge a fee for deposits in crypto or fiat currency. The exception – transactions via bank cards Visa or Mastercard. Here the commission will be 2 euros and 4.2% of the deposit. Withdrawal of cryptocurrency and fiat funds from the account is also free. But users should keep in mind that cryptocurrency transactions are charged by the blockchain itself. When exchanging cryptocurrency and fiat in the Crypto Exchange section, there is no commission. But the site earns on the difference in rates, so the quotes may not be the most profitable. The main source of income for CoinLoan is loans. The platform charges 1% of the total loan amount. The rate can be halved by using internal CLT tokens.


    Coinloan Bonuses

    CoinLoan has no big bonuses, regular promotions or loyalty program. The company charges small commissions as it is. You can benefit by placing CLT tokens in your account. Then the stacking rate will be higher and the commission for credits will be halved.

    Pranks on Twitter

    The company holds contests in social networks, mainly on Twitter. Readers are invited to guess the rate of the selected cryptocurrency and leave a comment under the tweet. The author of the closest prediction receives a reward in the form of CLT tokens.

    CoinLoan shenanigans

    Reward for mistakes

    On the site there is a Bug Bounty program. This is a reward for users who have discovered technical errors and vulnerabilities in the system. Basically, such programs are aimed at programmers and engineers. If a bug is found, you can leave a report on the OpenBugBounty portal. The reward is discussed individually, depending on the specific technical error.

    Discount 50%

    Using the above link, you can get a 50% discount on commissions without using special promo codes. The offer has been active for several years.

    Referral program

    CoinLoan has an affiliate program. Any user of the service can become its participant. He receives a unique link. A new client who follows the link and opens an account is registered as a referral of the participant. User who brought new clients earn 0.2% from each exchange of the brought person, 0.2% from the sum of the given credit, and 0.1% from the deposit. Rewards are credited in USDC stabecoins, directly into the participant’s wallet on the site. affiliate program


    Complaints against CoinLoan

    CoinLoan is a growing service with a good business reputation. We analyzed websites with customer comments. Most of the evaluations from people are positive. The company deserves praise for:

    • Support for fiat currencies, both for deposit and withdrawal.
    • High rates of return on deposits placed.
    • Adequate credit conditions.
    • Cheap exchange at competitive rates.
    • Working affiliate program with remuneration in stable cryptocurrency.

    Users speak well of the company’s support service and the ease of operations. As for the negatives, such comments also occur. “Minus” is put for the small number of supported cryptocurrencies, inaccessibility of direct dollar transfers from the bank account. There are also complaints about the work of mobile applications. Note that the support service is present on the sites with reviews, is in contact with customers and solves problems.

    CoinLoan reviews

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    Service regulation

    Legally, the project is located in Estonia. This state attracts cryptocurrency startups with its prepared legislation, licensing and EU membership. The exchanger is operated by CoinLoan OÜ, a company registered in Tallinn. And Coinloan employees are scattered around the world – the firm prefers a remote working format.

    CoinLoan Regulator

    Since Coinloan is headquartered in Estonia, the company must comply with the laws of that country and, at the same time, with the regulations of the European Union. CoinLoan OÜ has received a license FVT000114, which entitles it to provide financial services and act as a virtual currency provider. Regulators: Estonian Consumer Protection and Technical Supervision Department (Tarbijakaitse ja Tehnilise Järelevalve Ametit), Estonian Tax and Customs Board, European Central Bank. company info User Agreement

    By registering on the site, CoinLoan clients automatically accept the user agreement. It describes the rules of the platform and the company’s interaction with users. According to the document, the accounts opened on the platform are individual. This means that only one person in whose name the account is registered can use it. Sharing is not allowed, and account transfer is also prohibited.

    CoinLoan service rules

    Clause 2.3.3 specifies that customers are prohibited from using the platform in countries where cryptocurrency trading is illegal or controlled. Although Coinloan provides cryptocurrency loans, clause 2.19 indicates that the platform cannot be considered a lending institution or an intermediary for loans and deposits.

    CoinLoan use of the service

    The company does not take on the role of a tax agent. This means that users determine their own tax situation, submit tax returns and pay the required taxes themselves. But Coinloan can document transactions and provide a standardized statement if required to declare profits or losses.


    Is CoinLoan a scam?

    We studied the platform CoinLoanWe have read its legal documentation, reviews and licenses of the company. Based on the information we received, we formed an opinion that CoinLoan is not a scam. It is a working project, providing cryptocurrency exchange, loans and deposits in digital assets.

    The company is registered in Estonia, and this information is confirmed by state registers. Also the legal entity has obtained the necessary licenses to conduct financial activities. Tax reports available in public sources show a large turnover of the firm. CoinLoan OÜ is not involved in any fraud lawsuits and has not been accused of financial crimes. The platform accepts payments through a bank. This means that it has undergone additional checks by the partner banks of the European Union. The fact that the company was able to place its own token on the Bittrex platform also inspires respect.



    CoinLoan positions itself as an exchanger. And the platform copes with this function – here you can quickly exchange one token for another, or convert cryptocurrency into fiat. In addition, the service allows you to earn on stacking cryptocurrencies, and also accepts fiat money for deposits at a solid interest rate. The platform works through a website and an app. Both options are made clear for beginners. CoinLoan can accept deposits via bank card or transfer with minimal commissions, so it is suitable for the role of a permanent cryptocurrency assistant.

    Exchange Commission
    Transaction speed
    Technical support


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      Te has lucido

      Try to withdraw now. From 24.04.2023 you have to assume that your money has flown away! And they’re still so cool about it.

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