# CoinLoan Crypto Wallet & Loans — user reviews > 35 indexed App Store user reviews of CoinLoan Crypto Wallet & Loans by CoinLoan OU, rated 4.70/5 from 394 ratings. - Source: https://appshunter.io/ios/app/coinloan-crypto-wallet-and-loans/id1506572788/reviews - App overview in markdown: https://appshunter.io/ios/app/coinloan-crypto-wallet-and-loans/id1506572788.md - Rating breakdown: 5★ 345 · 4★ 19 · 3★ 6 · 2★ 7 · 1★ 17 ## What do users think of CoinLoan Crypto Wallet & Loans? Overall sentiment: mixed **Pros** - 💰 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 **Cons** - ⚠️ 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 **Commonly reported bugs** - Wallet deposit functionality disabled - Loan application not working for some users - 2FA key export issues on account recovery **Most requested features** - Support for Shiba Inu token staking - Referral code system for easier sharing - Multiple fiat deposit methods beyond wire transfer - Instant asset withdrawal at any time - Support for New York state residents - Daily interest payouts instead of monthly ## Newest reviews (10 of 35) ### 5/5 — Great defi app *2021-08-05, version 1.2.1* Some of the highest interest rates I’ve seen on crypto’s. Can’t think of another platform that offers higher APY **Developer response:** Hi Julian, thank you for your review! ### 5/5 — Best Crypto Interest App *2021-08-04, version 1.2.0* I’ve been using CoinLoan for several months after trying many other interest accounts, and coin loan is the only one I use now. The interest rates are best in the industry, withdrawals are fast and pain free, and support is excellent. Highly recommend trying CoinLoan if you want to earn passive income from your crypto assets. ### 5/5 — I love CoinLoan *2021-06-19, version 1.1.0* This is a wonderful free wallet that allows you to store your crypto and gain daily interest on your deposits. I haven’t had any issues making transfers to and from the account, no issues here guys, great app, any updates would just make this even better, I recommend trying it out! **Developer response:** Dear TheRealKashifG. Thank you for your review! We are happy that you are staying with CoinLoan. We are constantly improving our platform, taking special care of the customer’s experience. ### 5/5 — Amazing company and services *2021-06-16, version 1.1.0* CoinLoan offers amazing services. The app is highly user-friendly. And if you have any questions, their team is very responsive. **Developer response:** Dear Wieuty. Thank you for providing your valuable feedback! ### 4/5 — Works Well *2021-04-17, version 0.10.1* App works well, does everything it claims **Developer response:** Dear Yaya 3000. Thank you for your review. We are happy that you are staying with CoinLoan. We are constantly improving our platform, taking special care of the customer’s experience. We would love to see your review again. ### 5/5 — Recommended *2020-12-21, version 0.10.0* I enjoyed the large selection of alt coins, as well as secure onboarding. It helps weed out scammers. ### 5/5 — Great *2020-08-28, version 0.8.9* Great ### 5/5 — Nina *2020-05-04, version 0.5.0* Very nice financial app recommender. ### 5/5 — Sofiy *2020-05-04, version 0.5.0* Perfect application ### 5/5 — Sergey *2020-05-01, version 0.5.0* Alfa mega good ## Most critical reviews (10 lowest-rated) ### 1/5 — Don’t download *2024-02-17* 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. ### 1/5 — CoinLoan no longer a hot wallet? *2023-10-01* 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. ### 1/5 — Don’t support New York *2022-04-26, version 1.5.1* New York is not on the lists of states. ### 1/5 — CoinLoan is a SCAM or TRAP. *2022-01-27, version 1.4.1* BIG SCAMMERS DON’T DEPOSIT MONEY. USE MORE REPUTABLE INTEREST ACCOUNTS. They tell you all about their interest rates and give you instructions to wire them money, but never include in their instructions that your money doesn’t earn interest unless you transfer it AGAIN to an interest account. **Developer response:** Thanks for your review and sorry that you feel this way about our services. Please make sure to contact our support (support@coinloan.io) with the questions that you have and in case something in our platform is not clear to you. Let me provide you with a bit more info: let me provide you with a bit more info: similar to bank deposits, we have separated wallet and interest earning on our platform. In case you have any further questions, email our support at support@coinloan.io ### 1/5 — Not trustworthy *2021-11-02, version 1.3.0* Am not sure if this is real.. I have tired to get a loan but it not letting me do that ### 1/5 — Every single review is blatantly fake. *2021-03-12, version 0.10.1* At least try a little harder to make them appear legitimate. **Developer response:** Dear suninthenorth. Thank you for your review! We are happy that you are staying with CoinLoan. We are constantly improving our platform. We are a regulated and transparent platform operating under the Estonian Financial Licence (FVT000114, FFA000241). We would love to see your review again. ### 2/5 — Misleading Advertising *2021-12-21, version 1.3.1* This Defi Application advertises that there is no lock up period for assets stored in the flexible interest bearing wallet, but there is a lock up period. They only release assets to their respective owners at 14 UTC everyday. So if you request your assets at 14:01 UTC you’ll have to wait a full day for access to your assets. The Nexo defi app provides access instantly at any time of day, CoinLoan does not. Digital Assets are providing an age of instant settlement of assets. Platforms that do not provide this to their customers will fade away. **Developer response:** Thanks for your review. You are, of course, entitled to your opinion. However, this would be a matter of discussion. We respect your opinion, but we disagree with it. We insist there is indeed no lock-up period on Interest account deposits - customers can withdraw funds at any time and receive interest for the number of days funds were on the Interest account. Similar to your example with 14:01 UTC, we can say that your withdrawal will be processed within a few minutes from making a withdrawal request in case you make it at 13:55 UTC. Moreover, all this information is available in our Help Center. Our support team is available 24/7 to provide answers to any questions that you have. In case you have any additional questions or suggestions, feel free to share them with our team at support@coinloan.io ### 3/5 — Monthly payout and lengthy savings withdrawals *2021-07-31, version 1.2.0* Not as much flexibility with CoinLoan versus other apps. Only get paid monthly for interest savings, and if you need to withdrawal, can take up to 24 hours. **Developer response:** Hi Kyle, thank you for the feedback. We are sorry you experienced difficulties with our service. Usually withdrawals take less then 24 hours. Could you please clarify what you found disappointing? Please contact us at support@coinloan.io. ### 4/5 — Good app for interest accounts, but *2022-02-23, version 1.4.2* I don’t know how I fully trust this app. Yes it could be legit, but with every newly app or company that gives you interest comes with risks. This app doesn’t support FDIC insurance, although they do say that your crypto is insured up to 100 million from bitgo. I don’t know how reliable that is, but with that I continue to use them. Though with small amounts, anyone will still be at risk when using this app to put money in. Take it with a grain of salt, don’t put money that you are willing to loose. **Developer response:** Thanks for sharing your opinion regarding our application. We indeed take our security as one of the highest priorities and hope that our customers understand this. In case you need any detailed information - you can always contact our support. ### 4/5 — I Love It! But... *2021-11-10, version 1.3.1* It would be a 5 star if Shibu was able to be staked in the interest account. And if you can add referral code because no one ever wants to sign up with the link you give them. They download the app and you lose your referral bonus. Also Please add Shibu!! ## Most praised reviews (10 highest-rated) ### 5/5 — Excellent *2022-05-19, version 1.5.3* 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 **Developer response:** Thanks, Johnny. We hope that you will continue enjoying our services! 🤩 ### 5/5 — Great so far *2022-05-16, version 1.5.3* Great deposit rates. It would be nice if it was easier to deposit fiat besides wire. **Developer response:** Thanks for posting your review, we appreciate it. We make sure to take your comment into consideration 😉 ### 5/5 — Speedy customer service got back to me same day *2021-12-27, version 1.3.1* I forgot to export my 2FA keys from my old phone and I thought my money was lost forever by thanks to their customer service in about 5 emails and a Face ID later and I was back in my account. **Developer response:** Thanks for such nice feedback about our work! We are doing our best to keep our customers satisfied. 😌 ### 5/5 — Reliable app *2021-12-22, version 1.3.1* This app is all around amazing. I deposited big chunks of crypto to earn interest on and was able to deposit and withdraw without any problems. **Developer response:** Thanks for your review and welcome to our community! 🤗 ### 5/5 — Easy to use and security focused *2021-11-20, version 1.3.1* I’ve used this app for 6 months, I love the interface and the ease of use. This is where I park all my stable coins at the moment. They also have great security so I have peace of mind with my crypto. **Developer response:** Hello Baker! We are doing our best to keep our customers satisfied will all the services we offer. And we are extremely grateful when our users share their feedback with us and our community. So, thank you very much for your nice words 🤩 ### 5/5 — Entirely Underrated *2021-11-19, version 1.3.1* CoinLoan has been the simplest way to quickly earn interest on my crypto. The free and unlimited withdrawals/deposits plus the APY rates make this my preferred platform. Taking out a loan is seamless and fair — no fine print or hidden fees. Customer service is always responsive and helpful. 👍 **Developer response:** Thanks for your feedback regarding the work we do. We appreciate it very much 😌 ### 5/5 — It’s been interesting *2021-11-06, version 1.3.1* Smooth and very accurate. Just a little scary though. the chance of being liquidated. Scary. Loan was esay **Developer response:** Hello, thanks for sharing your thoughts with us! Your feedback is indeed important to us. We understand that crypto-loans are associated with liquidation risks. Therefore we help our customers prevent these situations (by offering lower LTV, sending notifications, allowing full early repayment, etc.). Feel free to contact our support if you have any questions or need guidance through these steps (at support@coinloan.io). ### 5/5 — Awesome Platform *2021-10-30, version 1.3.0* I have been using CoinLoan a few months now and it’s by far the best platform for earning interest on your BTC, ETH, LTC and more, deposit are fast and the withdrawal are more or less the same. You can also rely on customer support for help, live chat or email. Quick response and their very helpful. It’s the best choice I made. Put your coins here and watch it grow. **Developer response:** Hi Sergio, thanks for taking the time to share your opinion about Coinloan! We appreciate it very much 😊 ### 5/5 — Excellent Customer Service *2021-09-13, version 1.2.4* I had an issue with my account, so I emailed the support line & received a prompt response! **Developer response:** Hi, thank you for your your feedback! ### 5/5 — First time user *2021-08-31, version 1.2.2* Super fast experience. KYC - collateral - loan approved - funs available. Quick and easy. Will update if anything changes. **Developer response:** Hi, thank you for your review! --- *Data collected daily from the US App Store and indexed by [AppsHunter](https://appshunter.io/). User reviews are verbatim App Store reviews. Ratings, prices and chart positions refresh continuously; this snapshot is from 2026-06-10.*