CoinLoan review

Taker fees are 0% and maker fees are 0%, so buying and selling carries no trading charge. Withdrawals are free as well. That is the strongest cost score in the comparison, at 9.

The exchange lists 25 coins, and 25 coins are supported. That puts CoinLoan 132 of 176 brands ranked on coins listed, well below the site median of 71.5. Long-tail assets are not the reason to come here.

CoinLoan is registered as a FinCEN MSB in the US, and FinCEN MSB lists that registration alone. No UK or EU protection scheme covers a custodial balance held there, so losses would not be compensated under those regimes.

Custody is custodial and the exchange is a cex, so CoinLoan holds the coins rather than the account holder. The wallet runs as mobile, which means access depends on the provider staying in business.

Fiat deposits run through bank and sepa, so bank transfer and SEPA cover the main funding routes. Taking money or crypto out is free, which removes the usual exit charge on withdrawals.

Support runs on email, chat and help centre, which covers email, chat and a help centre. There is no phone line listed, so detailed questions about the account are handled in writing instead.

CoinLoan charges 0% in taker fees, while bunq charges 0.25% to 1.99% across its crypto trades. eToro takes 1% and Vivid Plus takes 2.25%, so frequent trading costs far less here on every trade.