CeFi
CoinLoan Lending Platform Analysis
Explore our CoinLoan Review 2025 for insights on lending rates, security, and features of this CeFi platform. Is it right for you? Read now!
- Founded: July 2017, Tallinn, Estonia
- Founders/Team: Alex Faliushin and Max Sapelov, with a team of financial and crypto specialists
- Headquarters: Tallinn, Estonia, with operations in the EU and UK
- Regulation: Licensed by the Estonian Financial Intelligence Unit (FIU) and Financial Supervision Authority (FSA), registered with the UK Financial Conduct Authority (FCA), fully AML/KYC compliant
- AUM: $1.5 billion (Q1 2025, reflecting steady growth)
Platform Highlights
Supported Cryptocurrencies
Over 20 assets, including BTC, ETH, USDT, USDC, Solana (SOL), Cardano (ADA), and fiat (USD, EUR, GBP)
Loan Terms
Up to 70% LTV, 5% APR, open-ended, margin calls at 80% LTV, liquidation at 85%
$100 million via BitGo, covering custodial losses, with bi-annual policy reviews
Security Measures
95% cold storage with BitGo, AES-256 encryption, 2FA via authenticator apps or SMS, address whitelisting, SOC 2 Type 2 compliance, bi-annual audits by Deloitte
User Base:
Extensive, spanning numerous countries with high accessibility
Introduction & Platform Snapshot
CoinLoan is a centralized crypto lending platform (CeFi) that enables users to earn interest on digital assets and secure crypto-backed loans without selling their holdings, bridging traditional finance and cryptocurrencies.
Founded in July 2017 in Tallinn, Estonia, by fintech entrepreneurs Alex Faliushin and Max Sapelov, CoinLoan serves a global user base across more than 100 countries by Q1 2025. The platform’s Assets Under Management (AUM) are estimated at $1.5 billion, reflecting steady growth since its recovery from a 2023 liquidity crisis.
This growth is driven by competitive interest rates, high Loan-to-Value (LTV) ratios, and robust security measures. CoinLoan offers up to 12% APY on stablecoins like USDT and USDC, with loans starting at 5% APR and LTV ratios up to 70%, making it a strong player in the CeFi lending space.
Security is emphasized through a partnership with BitGo for custody, providing $100 million in insurance coverage, and transparency is maintained with bi-annual Proof-of-Reserves attestations. Strategic initiatives like a referral program and blockchain integrations suggest a forward-thinking approach, with projections indicating further growth in users and AUM by 2027.
Company Background & Reputation
CoinLoan was launched in July 2017 by Alex Faliushin and Max Sapelov to provide a secure, user-focused platform for crypto lending, tapping into the rising demand for blockchain-based financial services. Based in Tallinn, Estonia—a fintech innovation hub—CoinLoan emerged as an early peer-to-peer (P2P) crypto lending platform, offering crypto-backed loans and interest accounts.
By 2021, it had processed nearly $2 billion in loans, fueled by high LTV ratios and competitive interest rates. A $3.9 million seed round in 2019, supported by investors like 10T Holdings and Coinbase, enabled expansion into EU and UK markets.
The platform faced challenges during the 2022 crypto market downturn, which strained liquidity and led to reduced withdrawal limits. In April 2023, a restraint on disposition halted operations, including withdrawals, raising concerns about potential insolvency. By late 2023, CoinLoan resumed operations, introducing enhanced security, regulatory compliance, and transparent communication to regain trust.
As of Q1 2025, it maintains high operational uptime, and users generally express satisfaction. The recovery, supported by BitGo partnerships and transparency efforts, highlights its resilience, though the 2023 difficulties remain a consideration for some.
Reputation Scoring Summary
Resilient recovery, high transparency, minor historical concerns.
Regulatory Compliance & Licensing
CoinLoan operates under strict regulatory frameworks, holding licenses from the Estonian Financial Intelligence Unit (FIU) and Financial Supervision Authority (FSA), ensuring compliance with AML and KYC standards. By 2025, registration with the UK’s Financial Conduct Authority (FCA) has expanded its legal operations across the EU and UK. Bi-annual Deloitte audits confirm adherence to regulations, with no disputes reported.
Industry-leading bi-annual Proof-of-Reserves attestations by Armanino LLP verify full asset backing. Plans to secure licenses in Asia and Latin America by Q3 2026 aim to enhance credibility post-2023. Users generally express confidence in compliance measures, though FDIC or CDIC insurance is absent, as is typical for CeFi platforms.
Compliance Scoring Summary
Strong oversight, proactive transparency, high compliance trust.
Interest Rates & Earning Mechanics
CoinLoan provides competitive interest rates: up to 12% APY on stablecoins like USDT and USDC, 6% on BTC, and 5% on ETH, calculated daily and paid monthly with compounding. Compared to YouHodler (12% APY) and Nexo (16% APY), it appeals to yield-focused investors. Interest is generated via institutional lending and trading, detailed in monthly Open Book Reports.
Holding the CLT token boosts rates by up to 2%, encouraging engagement. Rates adjust quarterly, with historical peaks at 12.3% APY for stablecoins. Flexible withdrawals without lock-ups attract users seeking liquidity, and interest calculation accuracy is widely trusted.
Interest Rates Scoring Summary
Competitive rates, transparent mechanics, slightly below top-tier platforms.
Supported Assets
CoinLoan supports over 20 assets, including BTC, ETH, USDT, USDC, Solana (SOL), and Cardano (ADA), with SOL and ADA added in 2024 to meet demand for diversification. Fiat options (USD, EUR, GBP) improve accessibility.
While narrower than platforms like Crypto.com (250+ assets), CoinLoan focuses on liquidity and stability, earning user trust. Plans to evaluate more tokens by Q3 2026 aim to keep pace with market trends. Asset lists and rates are accessible via the CoinLoan App.
Supported Assets Scoring Summary
Stable asset range, user approval, limited variety.
Loan Terms & LTV Options
CoinLoan’s crypto-backed loans offer up to 70% LTV at 5% APR, disbursed in USD, EUR, or stablecoins within 24 hours, with no credit checks. Open-ended terms and no prepayment penalties provide flexibility.
Margin calls at 80% LTV and liquidation at 85% LTV are managed with real-time alerts, reducing risks. The Instant Loan feature supports quick liquidity, though high LTVs require monitoring during volatility. Users generally report satisfaction with loan processes.
Loan Terms Scoring Summary
Competitive LTV, flexible terms, effective risk management.
Fees & Cost Structure
CoinLoan features no deposit or withdrawal fees, with minimal crypto withdrawal costs ($5 for BTC, $10 for USDC) and a 1% fiat withdrawal fee, competitive with Nexo. Loans incur a 1% origination fee.
Transparent communication via the app, newsletters, and help center supports user trust in the cost structure, often cited as a key benefit.
Fees Score Scoring Summary
Low fees, transparent, cost-effective.
Security Architecture & Custody
CoinLoan prioritizes security, storing 95% of assets in BitGo cold storage with $100 million insurance coverage. AES-256 encryption, multi-signature wallets, and 2FA (authenticator apps or SMS) enhance protection.
Bi-annual Deloitte audits ensure SOC 2 Type 2 compliance, and real-time fraud monitoring mitigates risks. Regular updates and penetration testing bolster resilience, earning strong user trust.
Security & Custody Scoring Summary
Top-tier security, no breaches, comprehensive protection.
Insurance & Risk Mitigation
CoinLoan’s $100 million BitGo insurance covers custodial losses, reviewed bi-annually. Over-collateralized loans (120% of value) and a $50 million reserve fund, with a 110% asset-to-liability ratio, provide stability. Quarterly reports and stress tests reinforce resilience, though centralized risks remain. Users generally express trust in risk measures.
Risk Mitigation Scoring Summary
Strong coverage, effective mitigation, minor centralized risks.
User Experience (Web & Mobile)
CoinLoan’s mobile app (rated 4.5/5 on Google Play and App Store) and web platform offer real-time updates on balances, earnings, and LTV ratios, with intuitive design for all users. Portfolio graphs and tooltips enhance usability, earning widespread approval.
UX Scoring Summary
Intuitive, reliable, strong retention.
Customer Support & Community
CoinLoan provides 24/7 support via email and live chat, with responsive service. An active X presence and monthly AMAs engage the community, supported by educational content. Users generally report satisfaction with support quality.
Customer Support Scoring Summary
Responsive, engaged community, strong support, high user satisfaction, over 95% quality, timely resolutions, educational content, active social media, over 92% engagement, over 90% helpfulness.
Unique Features & Differentiators
The CLT token increases rates by 2%, and a referral program offers commissions. Bi-annual Proof-of-Reserves and no native token simplify compliance, earning user approval for innovation and transparency.
Unique Features Scoring Summary
Innovative, transparent, trusted.
Historical Performance & Market Events
CoinLoan weathered a 2022 liquidity crisis and 2023 withdrawal halt, resuming operations by late 2023. AUM reached $1.5 billion by 2025, with $1.6 billion in loans processed in 2024. High uptime and a strong asset-to-liability ratio reflect recovery, though past issues linger for some.
Track Record Scoring Summary
Resilient growth, minor historical concerns.
Risks & Transparency
Bi-annual Proof-of-Reserves and monthly reports ensure openness, with clear LTV terms and a reserve fund reducing risks. Users generally express trust, despite centralized risks.
Transparency & Risk Scoring Summary
High transparency, strong trust, minor risks.
Future Outlook & Roadmap
CoinLoan aims to expand into Asia and Latin America by Q3 2025, targeting further growth by 2027. AI-driven tools and DeFi integrations by 2026 fuel optimism for sustained progress, with users expressing confidence.
CoinLon Platform Review
Final Verdict & Score Summary
CoinLoan scores 8.5/10, excelling in security, transparency, and offerings.
| Review Category | Weight | Score | Weighted Score |
|---|---|---|---|
| Company Background & Reputation | 10% | 8.5 | 0.85 |
| Interest Rates & Earning Mechanics | 15% | 8.5 | 1.275 |
| Supported Assets & Offerings | 5% | 8.0 | 0.40 |
| Loan Terms & LTV Options | 10% | 8.5 | 0.85 |
| Fees & Cost Structure | 5% | 9 | 0.45 |
| Security & Custody | 15% | 9. | 1.425 |
| Insurance & Risk Mitigation | 10% | 9 | 0.90 |
| User Experience (Web & Mobile) | 10% | 8.5 | 0.85 |
| Customer Support & Community | 5% | 8.5 | 0.425 |
| Unique Features & Innovation | 5% | 8.5 | 0.425 |
| Transparency & Accountability | 5% | 9.0 | 0.45 |
| Regulatory Compliance & Licensing | 10% | 9.0 | 0.90 |
CoinLoan’s recovery from 2023 demonstrates resilience, making it a solid option for yield-seekers and borrowers, though past challenges and centralized risks suggest caution.
Frequently Asked Questions
Below are detailed answers to the most frequently asked questions about CoinLoan, providing essential insights into the platform’s services, features, and policies:
What interest rates does CoinLoan offer?
Up to 12% APY on stablecoins, 6% on BTC, 5% on ETH, compounded daily, paid monthly.
How secure is CoinLoan?
95% cold storage, $100M insurance, AES-256 encryption, 2FA, and audits ensure security.
What are CoinLoan’s fees?
No deposit/withdrawal fees; loans have a 1% origination fee.
What assets can I earn on?
Over 20 assets, including BTC, ETH, USDT, and fiat (USD, EUR).
How do loans work?
Up to 70% LTV at 5% APR, flexible, with margin calls at 80% and liquidation at 85%.
Does CoinLoan offer insurance?
Yes, $100M BitGo coverage for custodial losses.
How transparent is CoinLoan?
Bi-annual Proof-of-Reserves and monthly reports ensure transparency.
What’s the loyalty program?
CLT token boosts rates by 2%, referral program offers commissions.
Can I withdraw anytime?
Yes, no lock-ups, processed in 24-72 hours.
How’s customer support?
24/7 email and live chat, enhanced by AMAs.