Coinloan Review

June 10th, 2021
8 minutes read
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Coinloan is a cryptocurrency lending platform that allows you to earn interest like a bank savings account in Euros, GBP, RUB, stablecoins, BTC and more.


Launch Date2017
Total Investment VolumeUndisclosed
Average annual interest5.2% – 12.3%
Minimum InvestmentNone
Investment FeesOnly with Visa/Mastercard
Who’s eligible to investRestrictions not specified
Investment TypeBank-like interest savings account
Secondary MarketNo
Auto Invest FunctionNo
Investor ProtectionMin. 30% cushion collateralization
CurrenciesEUR, GBP, DAI, USDT, BTC, ETH+
Website LanguageEnglish, German, Russian



  • Automated liquidity pool style investing
  • No Fees for Deposits or withdrawals
  • Flexible to lend in 18 Crypto Assets
  • Overcollateralized loans as high as 70% LTV
  • Flexible terms and trading offered
  • Earn interest in the currency you deposit.
  • Has their own Token CLT
  • Offers fiat to crypto loans for borrowers.


  • No options of individual loan selection
  • Lower interest without CLT Token
  • Actual returns lower than expected
  • No secondary market
  • Their coin CLT only available on 4 exchanges
  • Only 3 Fiat currencies offered
  • Less transparent than many platforms

Pros Explained

  • Coinloan loans your money like a bank does. They pay you a fixed interest rate into the Coinloan Interest Account. While they don’t call it a liquidity pool, that’s what it is. Coinloan puts your funds into a liquidity pool and loans it out to the borrowers.
  • Coinloan has trading accounts too. These let you buy, sell, and exchange crypto right from the same site where you are lending or borrowing. You can use SWIFT, SEPA or even your VISA or Mastercard to buy.
  • The loans you invest in are overcollateralized by 30% normally. So it’s 10 EUR deposited for every 7 EUR borrowed. But there are four tiers based on Loan to Value (LTV): 70%, 50%,  35%, and 20%. This means 2 to 1 for 50%, almost 3 to 1 for 35% and 5 to 1 for 20%. This provides a high level of protection for your capital.
  • Flexible terms. You can swap out between cryptos at any time to earn more interest or put that towards your trading account. Interest compounds immediately.
  • If you are interested in crypto for more than just lending, you can increase your returns by up to 2% by staking Coinloan’s coin (CLT). You should learn more about what crypto staking is before deciding to do this.

Cons Explained

  • You have no option of choosing individual borrowers, loans, potential interest rates or anything else. You are stuck with earning the fixed interest ONLY.
  • Coinloan REALLY wants you to use their coin CLT. The interest rates you earn are lower if you do not stake it. Staking crypto is not for everyone and poses different risks than lending.
  • EUR, GBP and RUB holders can send fiat to lend directly at good rates. All other currency holders need to send a cryptocurrency for deposit OR open a trading account to wire fiat money in and purchase a crypto with the Coinloan trading account.
  • No secondary market but you can withdraw at any time.
  • Loans have a 1% origination fee. Some consider this a negative, while others figure it’s a cost of doing business. This fee is lower than industry averages.
  • They lack a Statistics page or information about how frequent margin calls are or if those with Interest accounts have ever lost money. A conversation with their Social Media Director, who was very accessible and friendly, told me that no one has ever lost money due to the liquidation algorithm they use. The algorithm automatically liquidates a loan position and returns the collateral to the borrowers.

Who is Coinloan best for?

Coinloan is a good choice for investors who want things easy and convenient. The bank-like savings account will be familiar territory. You won’t be waiting for a loan to fund. You start earning interest right away. Investors who are new to crypto will like the idea of a stablecoin like DAI or USDT to maintain a consistent price while earning up to 12% per year, respectively.

It’s also good for Europeans who like the idea of a platform that is regulated and approved by an EU financial agency. The Estonian Financial Authority regulates Coinloan. This regulation makes people comfortable to try the crypto market for investment when they may not otherwise. It’s a unique feature as most lending platforms don’t bother with regulators in the EU, US or elsewhere. They custody their Bitcoin, and yours, with an insured custodian, using industry leader BitGo.

Coinloan is a completely centralized operation. They are in control. If you want a more decentralized lending option or a DeFi platform, this is NOT the platform for you. But with that centralization comes convenience and crypto expertise.

What does Coinloan Offer?

Coinloan offers loans and deposits in six stablecoins (DAI, USDT, USDC, TUSD, PAXG and BUSD), nine cryptocurrencies (Bitcoin, Litecoin, Ethereum, Chainlink, Monero and others) and three fiats (GBP, EUR, and RUB). 

  • Lenders use the Coinloan Interest Account to earn interest on their crypto. Rates differ based on which one you deposit into the platform (see rates below). They also have a trading platform for the purchase of crypto that you can easily set up, wire funds, buy your crypto and then put it into your Interest Account.
  • Borrowers can be from anywhere and put up 1.4x the amount they want to borrow in cryptocurrency. This would qualify them for a 70% LTV loan but they can borrow as low as 20% which would be 5x the collateral. Borrowers can lower their interest rate by paying the loan off in CLT.

Loans are available with flexible payments. Their loan calculator lets you see what your monthly payments will look like and what price level of BTC, ETH, or other crypto would trigger a margin call. With crypto and collateralized lending, margin calls are important. Margin calls require a principal payment on the loan or some liquidation of borrower collateral to pay down the loan balance. Coinloan has their own algorithm they use to manage this. It includes push notifications to the borrower so they know in advance if they have to make a payment, add collateral, or get liquidated.

Who is Behind Coinloan?

The team behind Coinloan is based in Estonia with a small team of under 50 employees. There is little public information about them available. While this is common for private financial companies, Euro-based p2p lending platforms and crypto platforms are often expected to be more transparent. BlockFi, which is a US based competitor, is not very transparent either and is also a private company.

How does Coinloan make money?

Coinloan does not charge deposit fees to lenders, although banks or crypto networks like the Ethereum blockchain or the Bitcoin blockchain might charge you to transfer crypto or fiat in or out. Coinloan makes money by:

  1. Charging a 1% origination fee on loans
  2. Small spread on trades for Trading Accounts
  3. They charge a 7% liquidation fee if they have to liquidate your loan due to a margin call
  4. A small spread between the interest rate charged to borrowers and what they pay you in your Interest Account.

This last way, number 4 above, is exactly how banks make money through Net Interest Margin. So if you deposit USDC and earn 10.3% (12.3% minus 2% for NOT staking CLT) while a 70% LTV Coinloan charges 11.95%, that difference of 1.65% or 165 basis points is a source of income for the platform. Those 165 basis points are the Net Interest Margin.

How Much Can You Earn?

Interest rates vary based on if you receive your interest payments in one of the six stablecoins or one of the cryptocurrencies or fiats. Rates start at 5.2% and go up to 12.3% for the stablecoins with a 2% difference based on whether you stake CLT or not.

How to Invest on Coinloan

Two options are available. You can either:

  1. Deposit your existing crypto if it’s one of the nine accepted coins or six stablecoins into your Coinloan Interest Account OR
  2. Open up a trading account, wire your RUB, EUR, or GBP, and then lend directly OR buy crypto directly at Coinloan, which you can then earn interest from in your Interest Account.


Coinloan offers the closest experience to the legacy financial system in crypto for EU countries. The lack of a p2p option could be a benefit due to its simplicity or a drawback due to limited choices. Coinloan is one of the oldest crypto lending platforms around. It started in 2017 before the new, recent DeFi era in crypto. For everyone, especially those newer to crypto, it will feel more familiar than a DeFi lending platform. The idea of depositing money and the company using it to lend is something everyone understands. For those newer to crypto, the only novelty will be that you deposit (or get a trading account to buy) crypto instead of your home currency if you don’t have one of the three fiats offered. Coinloan also does the rare fiat to crypto loan meaning you can deposit EUR and then borrow a crypto like BTC, ETH or XRP. And you can earn higher interest rates. For everyone else, Coinloan is a good savings vehicle whether you want to earn with crypto that you already have and are HODLing for the long term or to earn with your existing Euros in the crypto lending markets.

Coinloan is a centralized lending business backed by venture capital and their own coin offering with the ICO (initial coin offering) of CLT.  Crypto Beginners will like taking advantage of Coinloan’s expertise to get exposure to crypto markets in ways already familiar to them. That expertise, along with the higher interest rates and collateral protection, are good reasons to try lending within the cryptoeconomy.

Stay updated with information and monthly updated statistics on our page about Coinloan.


At P2PMarketData we are dedicated to providing unbiased reviews of peer-to-peer lending, real estate crowdfunding and crypto lending platforms. Among other, in our mission to bring more transparency to the market we closely monitor and track over 70 platforms funding volumes.

When reviewing an alternative investment platform, we consider a variety of factors such as:

  • Number of investors
  • Minimum investment requirement
  • Historical annual returns
  • Diversification opportunities
  • Reinvestment opportunities
  • Educational and informational offerings
  • Platform fees
  • Total capital invested
  • Features (such as secondary market and automatic investing)
  • General transparency (the difficulty of finding who the owners are, how they make money on the platform (fees), terms & conditions and more)
  • Management team

We also look into the company’s online reputation (for example customer reviews, news, complaints, average monthly searches and social media).