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CoinLoan Crypto Wallet & Loans

CoinLoan Crypto Wallet & Loans

by CoinLoan OU

394 ratings
35 reviews
💼 Business
💰 Finance

Archived App

This is an archived listing of the app previously available on the App Store.

Although the app is no longer distributed by Apple, you can still view its description, screenshots, version history, ratings, and metadata for reference.

Details

  • Released
  • Updated
  • April 24, 2020
  • June 3, 2023

Features

Developer

CoinLoan OU
✨Promote your app ✨
CoinLoan Crypto Wallet & Loans screenshot #1 for iPhone
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CoinLoan Crypto Wallet & Loans screenshot #3 for iPhone
CoinLoan Crypto Wallet & Loans screenshot #4 for iPhone
CoinLoan Crypto Wallet & Loans screenshot #5 for iPhone
CoinLoan Crypto Wallet & Loans screenshot #6 for iPhone
iphone
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📌Ready
Reviews summary↘︎
⭐35
Reviews↘︎
🔄6+ apps
Alternatives↘︎
❓5 answered
FAQ↘︎
📦w/o updates
Updates frequency↘︎
🖼️Get Icon
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About

Manage your digital assets securely with a crypto wallet, earn interest on deposits, and access instant loans using your cryptocurrency as collateral. This platform offers a comprehensive financial ecosystem for crypto users.

✓Secure cryptocurrency wallet
✓Earn interest on crypto deposits
✓Instant crypto-backed loans
✓Support for multiple cryptocurrencies and stablecoins
✓Fiat deposits and withdrawals
✓Daily interest accrual
Show original description

What users say

Summarized from real user reviews of CoinLoan Crypto Wallet & Loans. Based on 394 reviews and a 4.7/5 average, it highlights the 8 positives and 9 negatives reviewers mention most about this Finance app.

Positive things

  • 💰Competitive interest rates on crypto assets
  • 👍User-friendly interface and ease of use
  • 🚀Fast deposit and withdrawal processes
  • 🔒Strong security features and encryption
  • 💬Responsive and helpful customer support
  • 📱Simple account setup and onboarding
  • 💎Support for multiple cryptocurrencies
  • ⚡Seamless loan application process

Negative things

  • ⚠️Company financial instability and closure concerns
  • 🚫No functionality in CoinLoan wallet
  • ❌Geographic restrictions (New York not supported)
  • 🔐No FDIC insurance protection
  • ⏰24-hour withdrawal delay for flexible accounts
  • 💸Misleading advertising about lock-up periods
  • 🔄Confusing interest account transfer requirements
  • 📅Monthly payout frequency instead of daily
  • ⚠️Liquidation risks on loans
See all reviews

What's New in CoinLoan Crypto Wallet & Loans

1.7.7

June 3, 2023

Bug fixes

User reviews

Most RecentHighest RatedLowest Rated

Don’t download

Don’t get this app , invested $500 then all of a sudden the company going out of business. Won’t return any of my money , surprised the app is still up with everything that’s going on.
drew48888888drew48888888

CoinLoan no longer a hot wallet?

Not sure how long this has really been an issue but for at least the past week I’ve noticed there is literally NO functionality allowed for the CL wallet anymore. I can’t even deposit crypto if I wanted to, just gaze at what’s already there. A rep had even blatantly told me via support chat this company wasn’t providing loans as their name even suggests. Call me crazy but I think the most minimal changes can break an app and it’s trust with stakeholders far too easily.
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Devvymanny891Devvymanny891

Excellent

Been using CoinLoan for well over a year. Excellent customer service and rates. One of the better interest earning platforms out there. Would definitely recommend
JohnnyTwoTimesJohnnyTwoTimes

Response from developer

Thanks, Johnny. We hope that you will continue enjoying our services! 🤩

Great so far

Great deposit rates. It would be nice if it was easier to deposit fiat besides wire.
DocgaskinsDocgaskins

Response from developer

Thanks for posting your review, we appreciate it. We make sure to take your comment into consideration 😉

Don’t support New York

New York is not on the lists of states.
darkmercurymoondarkmercurymoon
See 30 more reviews

User experience

🐞

Reported Bugs

3 issues

Wallet deposit functionality disabled

Bug

Loan application not working for some users

Bug

2FA key export issues on account recovery

Bug
✨

Requested Features

6 requests

Support for Shiba Inu token staking

Feature

Referral code system for easier sharing

Feature

Multiple fiat deposit methods beyond wire transfer

Feature

Instant asset withdrawal at any time

Feature

Support for New York state residents

Feature

Daily interest payouts instead of monthly

Feature

FAQ

What does the CoinLoan app do?

The CoinLoan app provides a cryptocurrency wallet for secure asset storage, an interest account to earn passive income on your crypto, and offers instant loans using your digital assets as collateral. It aims to be a comprehensive financial ecosystem for crypto users.

What are the key features of CoinLoan?

Key features include a secure crypto wallet with easy transfers, the ability to earn up to 8.2% APY on deposits, and instant loans with APRs starting from 4.95%. It supports a wide range of cryptocurrencies, stablecoins, and fiat currencies for deposits and withdrawals.

How does the interest account work?

You can deposit your crypto and stablecoins into the Interest Account to earn daily interest, with potential APY up to 8.2%. There are no fees for deposits, and you can earn additional crypto by staking the platform's native token, CLT.

What are the loan terms and conditions?

Loans require collateral and offer LTV options of 20%, 35%, 50%, and 70%. Repayment schedules are flexible, with no fees or penalties for early repayment. Loan terms range from 1 month to 3 years, and you can borrow crypto or fiat.

Is the app compatible with my device?

While specific compatibility details are not provided in the description, the app is designed for mobile use, implying compatibility with major smartphone operating systems like iOS and Android. Users should check their respective app stores for precise device requirements.