CoinLoan Uses BitGo to Bring Safe and Dependable Solutions to Clients
Type of Business
Crypto to Fiat Lending Platform with Crypto Interest Accounts, Instant Loans, and Crypto Exchange
Europe, Asia, and USA
CoinLoan is a crypto lending platform serving both borrowers and lenders worldwide. With a focus on user experience in digital lending, the company has brought together in one platform all the tools their clients need for managing and trading crypto assets.
CoinLoan’s multi-purpose platform includes Interest Accounts, Instant Loans, and a Crypto Exchange utilizing an API interface, providing users full control over managing their assets. With an ability to choose from a variety of cryptocurrencies as collateral, borrowers can instantly apply for a loan while still maintaining their holdings, all without the hassle of paperwork or credit checks. CoinLoan guarantees repayments through their crypto-collateral backed loans, so lenders can feel at ease in a secured environment.
Benefits of CoinLoan Services
A loan agreement is generated that can be brought to your bank or tax office
Ability to obtain multiple loans simultaneously
Highest maximum LTV at 70%
Early repayment without penalties
CoinLoan is a 100% automated platform and one of the most technically advanced on the crypto-lending market. Choosing to partner with BitGo, the most qualified and trusted custodian, was a clear choice.
CoinLoan utilizes BitGo’s hot wallets [through BitGo Inc.] and custodial services [via BitGo Trust] to bring safe and dependable solutions to its clients. CoinLoan explains, “We needed a reliable partner who could safely store our client’s cryptocurrency and that would be trusted not only by us but also by our clients. The comprehensive insurance program BitGo offers for assets stored at BitGo Trust added an extra layer of confidence in our decision.” With a wide range of digital assets supported under BitGo, CoinLoan’s clients have maximum flexibility in choosing the currency that best fits their needs.
BitGo assisted CoinLoan with their custody strategy, helping to set up a wallet solution that met their business needs for safety and security along with flexibility for movement of digital assets.
We needed a reliable partner who could safely store our client’s cryptocurrency and that would be trusted not only by us but also by our clients. The comprehensive insurance program BitGo offers for assets stored at BitGo Trust added an extra layer of confidence in our decision.
Max Sapelov, Co-founder and CTO, CoinLoan
The Benefits of BitGo
$250M insurance assets in qualified custody through BitGo Trust Company
Bank-grade crypto vaults
Battle-tested multi-signature technology
Access to over 500+ coins and tokens
Robust API interface
With the safety and security provided by BitGo, CoinLoan is able to focus on further enhancing its already best in class user experience. Recently, the company revealed a New Affiliate Program that is simple, profitable and offers lifetime bonuses to those looking to increase their profits further. The program fits with the company’s philosophy of ‘win-win’ by bringing bonuses to both current customers and newcomers to the platform.
As of this year, CoinLoaners can use the Instant Loan feature, in addition to the Interest Account and Crypto Exchange services, all from the convenience of the CoinLoan app. With a strong focus on user experience, CoinLoan is looking forward to its continued expansion and growth within the multi-billion dollar crypto-lending market well into the future.
By implementing BitGo solutions, CoinLoan aides customer trust in their brand through solutions that were built with the highest levels of security and compliance for digital assets. With BitGo as a partner, CoinLoan can enhance its already best-in-class user experience and continue to expand and grow within the multi-billion dollar crypto-lending market.
No legal, tax, investment, or other advice is provided by any BitGo entity. Please consult your legal/tax/investment professional for questions about your specific circumstances. Digital asset holdings involve a high degree of risk, and can fluctuate greatly on any given day. Accordingly, your digital asset holdings may be subject to large swings in value and may even become worthless.