Honestly, we're impressed!
Others haven't been able to come close to Coinloan's options, so today we bring you our Coinloan Review - there is no limit to the total amount you can to borrow.
This huge change in methods is consistent with CoinLoan's philosophy to improve lives by making the lending process as simple as possible. They're proving it possible to constantly outperform the competition, and user reviews show people coming back after trying them once.
CoinLoan has three Financial Licenses (FVR000111, FRK000091, and FFA000241) allowing them to operate using fiat, crypto, and alternative means of payment worldwide.
Highest LTV (Loan To Value)...
LTV means how large your loan can be depending on how much crypto you own. Coinloan offers 70% when others are typically only 50%.
For example - Have $5000 worth of Bitcoin or Ethereum? Then you'll be able to borrow $3500 instantly, and remain the owner of the original $5000!
No Credit Checks, No Banks...
The power of crypto - no bankers involved! Because each loan is asset-backed, they don't even need to perform a credit check.
Up to 3 Years To Pay It Back...
Pay-off your loan when you want, or take up to 3 years!
Secure. Simple. Obtainable...
Unlock your crypto-assets price without promoting it. Apply your crypto as guarantee to get a loan without credit rating checks.
Just create a deposit then head to 'my wallet' tabs and first deposit cryptocurrency (BTC, BCH, ETH, LTC, XMR, CLT, ONT and more) to add the collateral for your loan. Select your interest rate, length of time, currency you want to receive and preferred loan amount. Then generate your loan and instantly borrow directly.
Coinloan App for iPhone and Android
Or PROFIT With A Coinloan Interest Account...
Don't need money? You can MAKE money too, by putting your crypto in to be lent out and earn over 10% interest with a Coinloan interest account!
Your Coins Are Secure...
All cryptossets are stored on secure multi-signature wallets.
So if you're looking for loan, we definitely recommend that you check out Coinloan!
Author: Matt Miller
London News Desk
Coinloan Review 2021
For some perspective, on a 6 month loan you would have taken it out with Bitcoin in the $5000's. Depending on how much cash you took out and spent, Bitcoin trading in the mid $8500's today means your loan could already be fully paid off just by the increase in bitcoin's value - then you get all your crypto back, you still own it.
Someone explain how the hell everyone isn't doing this?
So I browsed several crypto themed online communities trying to gather what some misconceptions may be. I spotted many people seeking a bitcoin loan shark, or try to get a bitcoin loan without collateral. Well, that won't happen, there's no anonymous bitcoin loan or way to get an instant bitcoin loan from someone offering one when you have no collateral.
There is instant bitcoin loan verification however - moving into 2020 the number lenders to choose from is growing fast.
Also growing in popularity - people getting a loan to buy bitcoin, with bitcoin! It's a trick those who use generally keep quiet about.
While you'll never find crypto loans without collateral, there's so many quality crypto lending platforms you don't need to worry about putting the collateral up. Because of smart contracts and blockchain, there's no such thing as an 'unsecured crypto loan'.
However, the thing that shocks people who have taken out loans, or earned interest on funds they lent out - the flexibility in the crypto loan world.
No penalities for paying a loan off early, and in most cases if you're doing an interest earning program - the profits become available every month! No waiting for an investment to 'mature' - you get paid as you go.
As for where to start, we're still currently recommending:
If you're outside the US: YouHodler.
Inside the US: BlockFi.
Both have solid reputations, and enough past/present users saying everything went as described on their websites.
Author: Matt Miller
London News Desk