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Summary of CoinLoan
Overview
- CoinLoan is a European crypto-lending platform licensed by the Estonian Financial Authority since 2017.
- Offers interest-earning deposits, fiat & crypto loans, and exchange services worldwide.
Services
- Instant Loan (CoinLoan Borrow): crypto-backed loans with 20% to 70% LTV ratio and 1 to 36 months loan duration.
- Interest Account (CoinLoan Earn): deposits with up to 12.3% annual interest.
- Exchange (CoinLoan Trade): exchange crypto assets, stable coins, and fiat currencies.
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About CoinLoan: Empowering Crypto-Backed Lending
Introducing CoinLoan (CLT): A Pioneering Cryptocurrency
CoinLoan is a pioneering European crypto-lending platform, operating under the esteemed license of the Estonian Financial Authority since 2017. The platform offers a comprehensive suite of services, including interest-earning deposits, fiat and crypto loans, and exchange services, accessible globally, including the US, UK, and major EU countries. Notably, CLT, CoinLoan’s native utility token, confers distinct benefits to users, including a 2% increment to the basic annual interest rate, as well as a 50% reduction in borrowing fees when paid in CLT.
What Comprehensive Services Does CoinLoan Offer?
CoinLoan presents a trifecta of services, comprising interest-earning accounts, crypto and fiat lending facilities, and a crypto exchange platform.
- Instant Loan (CoinLoan Borrow) – a pioneering service offering crypto-backed loans with a flexible loan-to-value (LTV) ratio of 20% to 70% and loan duration periods ranging from 1 to 36 months.
- Interest Account (CoinLoan Earn) – a lucrative service enabling users to deposit both crypto and fiat funds, earning up to 12.3% annual interest, dependent on the selected asset.
- Exchange (CoinLoan Trade) – a versatile service facilitating the seamless exchange of crypto assets, stablecoins, and fiat currencies supported by the platform.
The Visionaries Behind CoinLoan: Meet the Founders
CoinLoan was established in 2017 by Alex Faliushin and Max Sapelov, with its headquarters situated in Tallinn, Estonia. As stated on CoinLoan’s website, the product adheres to stringent modern financial regulations, ensuring compliance with the highest standards.
Acquiring CoinLoan Token (CLT): A Comprehensive Guide
CoinLoan Token (CLT) is available for purchase on prominent exchanges, including Bittrex, Uniswap, HitBTC, and Hotbit, where it can be acquired in exchange for BTC, ETH, and USDT. Furthermore, CLT can also be directly obtained from the CoinLoan platform, which accepts a range of payment options, including cryptocurrencies, stablecoins, and fiat currencies.
The Circulating Supply of CoinLoan (CLT) Coins: An Overview
CoinLoan (CLT) boasts a capped supply of 22,000,000 tokens, with 1,950,000 (9%) currently in circulation, operating as an Ethereum-based ERC-20 token.
Assessing the Security of CoinLoan: Is it a Reliable Platform?
BitGo’s custodial services safeguard CoinLoan customers’ assets, backed by a $100 million insurance policy from Lloyd’s. These assets are reportedly stored in offline, cold, multi-signature wallets, ensuring an additional layer of security. CoinLoan implements a robust defense system to protect customers’ funds, comprising a secure cloud infrastructure, cutting-edge encryption standards, DDoS protection, regular vulnerability scans, and two-factor authentication (2FA).
Associated Resources
Delve into the world of crypto lending and discover its vast potential. New to the realm of cryptocurrency? Explore Alexandria, CoinMarketCap’s comprehensive educational platform, where you’ll find all the information you need to get started. Additionally, CoinMarketCap offers a straightforward guide to purchasing Bitcoin or any other token, making it easy to navigate the world of cryptocurrency.