CoinLoan review

CoinLoan lists a 9.2% yield, above the 7% recorded across the earn category. Terms differ by product: No lock-up on Flexible; 1-12 months on Fixed, so some savings can be left at any time while others stay for a chosen period.

On the earn comparison it ranks at 10 out of 25 platforms, with a 9.2% yield against the 7% seen across the category. It sits inside the field rather than at the very top.

Nothing on either side of the book: 0% maker fees and 0% taker fees, which sits below the 0.2% typical of the wider group. Withdrawals are free, so moving coins out adds nothing either.

CoinLoan holds the funds itself, since custody is custodial and the platform keeps the keys rather than passing them to you. The licence listed is FinCEN MSB, a US money services registration, which is different from a banking licence or a deposit guarantee.

Fiat deposits run through bank and sepa, so bank transfer and SEPA are the routes in. Buying happens on the same account: 25 coins are listed and the platform operates as a cex, so deposits and trades share one balance.

Both are offered. Terms read No lock-up on Flexible; 1-12 months on Fixed, which means the flexible product carries no lock-up and fixed products run for the period chosen. That split suits readers who want most of the balance liquid and only a slice committed for longer.

Contact runs on email, chat and phone, so chat, phone, email and a self-serve help centre are all available. A help centre is offered by most of the platforms compared and live phone or chat by fewer, so CoinLoan covers both ends of that range.

It suits savers who want a single place for holding and earning, and traders who dislike fees, since 0% taker fees and 0% maker fees mean costs do not eat into the 9.2% return. The trade-off is that funds are held custodial.