Hi everyone,

My user name is CoinLoan. I would like to ask for activation to create a page about the CoinLoan platform, that enables Bitcoin-backed loans.

Thanks!

Thank you!!
We hope our Customers will enjoy the platform! Now we have the best conditions on the market for the lender and borrowers! Try it

bitgo itself is a good and safe solution, in theory. But this is just a tool that can be properly configured and safely used (the right amount of approvers, tight transaction limits, white list of addresses, amount of funds on hot and cold wallets, etc.), but you can set up it very “poorly” and all the security of bitgo will be crashed and the hacker will be able to steal everything in a flash.


But among other things, even with the best bitgo security settings, there are various attack vectors, for example, to hack the base of the platform and replace all the deposit of the address with the control of the hacker. This case does not cover bitgo’s insurance.

Hello!

Thank you for your interest. We use our own secured solution. We found BitGo a bit complicated and way too unsecured.

Borrowers are putting collateral first, before they take a loan. So if something went wrong (volatility or missing payment from borrower) we cover all risks with borrowers collateral. We haven't been hacked since the platform started. We are thinking how to increase confidence at the moment, soon you'll see a big publication about security from ourside.

If anyone asks you about the main bump in the road of crypto-backed lending, which one would you name? The CoinLoan team has a definite answer to this question. The main thing that prevents cryptoassets from being perfect collateral is its crazy volatility.

Just imagine. Today your collateral value is two times higher than your loan and you feel pretty safe. Tomorrow your crypto drops suddenly and overnight is in danger of margin call. The example above might be vastly exaggerated, but nobody can deny that crypto-fluctuations get on borrower’s nerves.

Good news, CoinLoaners. We’ve developed a revolutionary Dynamic Collateral Monitoring System. It allows overcoming the problem of cryptocollateral movements and raising the maximal LTV limit to 70%.

CoinLoan Collateral Monitoring System
If your collateral price falls, LTV (loan-to-value ratio) grows. In case of significant decline, you can repay the loan earlier or add extra collateral. We used to sell a part of your cryptocollateral if the LTV ratio of the loan reaches 80% and you do none of the above.

It’s a usual approach for crypto-backed lending platforms, it helps to bring the situation back into balance. But it’s so far from perfect since borrower loses his savings. Over the past year, we’ve been testing new visions and working on liquidation system improvement. Today we’re excited to present a new solution that allows increasing the liquidation threshold significantly.

How It Works on CoinLoan
In a nutshell, your cryptocollateral is now far less vulnerable to crypto fluctuations. A margin call may only occur if your LTV ratio crosses the line of 90%. The exact point of liquidation is estimated for each loan individually and depends on the interest rate.

Window of Opportunity
The fact that cryptocollateral can now resist market fluctuations allows us to have one of the highest LTVs on the market and to raise LTV limit from 60% to 70%.

While most competitors still have a 50% LTV limit, we improve the collateral monitoring system so that CoinLoaners can borrow more fiat for the same amount of crypto. Thus, providing crypto worth $1,000 as collateral, now you can borrow up to $700 in fiat currencies.

Thanks for reading! Follow our official channels for more updates and news:

Platform | Website | Telegram | Facebook | Twitter | Reddit

Платформа P2P кредитования CoinLoan начала выдавать кредиты под залог Monero. Эстонский стартап запустил обновление, позволяющее использовать анонимную криптовалюту Monero (XMR) в качестве залогового обеспечения при получении кредита в фиатной валюте (USD, EUR, GBP, RUB) или стейблкоинах (TUSD, GUSD, USDC).

Первые в мире кредиты под залог Monero

В настоящее время держатели токенов XMR образуют большое сообщество, которое получило возможность получать фиатные деньги без необходимости продавать собственные криптоактивы. Это открывает возможности для различных вариантов использования криптовалюты, начиная от хеджирования и создания кредитного плеча заканчивая оптимизацией криптоналогов и возможностью ходлить более продуктивно.

Те, кто еще не приобрел Monero, могут сделать это на криптобирже coinloan.io, не покидая платформу.

Hey all!
Let's freshen the topic up with some big news!



CoinLoan, a P2P lending platform for crypto-to-fiat loans, is now accepting Monero as collateral. The Estonian-based startup rolled out an update allowing to use privacy oriented coin Monero (XMR) to get credit in fiat currencies (USD, EUR, GBP, RUB) or stablecoins (TUSD, GUSD, USDC).

The coin choice stems from the fact that Monero is the number one cryptocurrency for private and censorship-resistant financial operations. It provides a secure place to conduct transactions, using cryptography to shield sending and receiving addresses, as well as transacted amounts.

The World’s First Monero-Backed Loans
There is a large community behind XMR that has now gained an opportunity to acquire fiat with no need to sell favorite cryptoasset. It opens the door to multiple use cases from leverage and hedging to tax optimizations and fast cash keeping HODL.

Those who haven’t acquire Monero yet can trade XMR on CoinLoan Crypto Exchange without having to leave the platform.

Lending Beyond the Limits
As the crypto-to-fiat lending market becomes highly competitive, CoinLoan chooses unique features and flexible loan terms as a competitive advantage. Monero listing is an example of such a strategy.

Max Sapelov, Co-founder and CTO at CoinLoan, explained:
“Our biggest competitors will not be able to accept Monero, even if they wanted to. Simply because BitGo wallet service they use stuck for specific currencies that don’t include Monero along with a significant number of other promising coins. In contrast, CoinLoan can build complex solutions for crypto from scratch thanks to an expert development team. So we will continue to list more coins missed out by BitGo for better coverage of the crypto market”.

For more information, please visit the CoinLoan site.

Hello,
CoinLoan is more than alive - we are growing!


You may find our last updates on Medium. For example this one https://medium.com/coinloan/investing-becomes-fees-free-on-coinloan-f940149d6bbc


You are welcome to try our services!

Hey all, the great news is coming! We are happy to present you some updates we implemented on the CoinLoan platform for the last two weeks.

More Cryptoassets Supported
You probably know that Bitcoin is the most requested cryptocurrency among community members.

Well, now it is possible to use Bitcoin and Litecoin as a collateral! Deposit and Withdraw buttons next to this currencies became active in Lending Market today. Isn’t that awesome?


It is probably impossible to include all currencies in the world to the platform, but no one said we wouldn’t try 🙂
Our next major goal is to add USD to fiat currencies list. Let’s just say it’s complicated. Despite everything, we are working for you to lend and borrow in fiat dollars as soon as possible.

Delays Overcoming
In addition to the updates mentioned, processing of ETH, CLT and TUSD depositing has been accelerated. In case if you’ve met some delays earlier, now everything is running instantly in real time.

CLT is Listed on Blockfolio
We are pleased to inform that CLT is available on Blockfolio, #1 cryptocurrency portfolio management app.

Bugfixes
A few users had some troubles with uploading documents for verification. We have fixed everything so that now the verification process goes smoothly for everyone.

Frontend Update
Redesigning of Lending Market pages made them more comfortable for end-users. From now on, it is possible to sort lending and borrowing applications in Lending Market by interest rate or loan amount.

Roadshow Next Stops
CoinLoan team continues to present the project at the major events all over the world. So what’re our next stops?

Blockchain & Bitcoin Conference Stockholm on September 11;
Blockchain & Bitcoin Conference Switzerland on October 9.
Visit our booth and say hello to Alex, Mike and Max! For scheduling a meeting, please contact Mike in Telegram, LinkedIn or via email.

Thanks for reading! Have a suggestion for further updates? Let us know in our Telegram Chat or via email: support@coinloan.io.

CoinLoan Platform Is Live!

CoinLoan is a crypto-to-fiat lending platform with a P2P economy. From now on, loans with cryptocurrency as collateral available for users all over the world.
The main advantage of the project is that anyone can lend or borrow controlling the terms individually.



How does it work?




Advantages for Lenders

• Minimal Risks

Сryptocollateral ensures full repayment of the loans that were provided including the interest without delays.

• No Limits

Minimal loan amount – starting from EUR 500, the amount can be reduced; the maximum amount is unlimited.

• No Obstacles

Any individual or legal entity can become a lender without any licenses.

• Flexible Loan Terms and Conditions

Lenders can set all transaction parameters themselves.

• Global Coverage

Lending to customers from all over the world.

• Reliability and Safety

Full compliance with the requirements of financial regulators, legal and financial safety of the transaction for all parties. The company is licensed in Europe as a payment institute.

• Easy To Use

No need to control the payments and the market price of the collateral - CoinLoan does this for you.

• Privacy Protected

Confidentiality of personal information of the lender and the borrower.


Advantages for Borrowers

• Preserving Cryptoassets

Now there is no need to sell cryptoassets if you need fiat money.

• Convenient Ways of Depositing/Withdrawing Funds

Funds can be quickly withdrawn by a bank transfer.

• No Credit Checks

There is no need to check out the credit history and prove your payment capacity.

• Flexible Lending Terms and Conditions

Individual estimation of risks and selection of lending terms and conditions allow getting a loan under optimal conditions.

• Refinancing of Obligations

One can refinance obligations which allow prolonging the loan term easily.

• Individual Loan Management

It is possible to close the loan at any time by liquidating (selling) a part of the loan at the current market price.


Why is CoinLoan actually better than competitors?

1.  We are the only project on the crypto-to-fiat lending market based on the P2P economy. On CoinLoan, everyone can become a lender or a borrower, on his or her own terms. We don’t provide loans, we only mediate to link counteroffers and ensure the safety of the deal.

2.  At the moment the CoinLoan platform has the most flexible loan terms and conditions on the market.

• CoinLoan supports microloans starting from 500 EUR as well as large ones, where maximum amount is limited by your budget only.

• A timeframe allows you to choose: from 14 days for short-term loans to 12 months for long-term ones.

• You are free to customize the loan-to-value ratio in the range from 1% to 60%.

3.  All lending operations are performed automatically and immediately. If there is a suitable counteroffer, the applications will be matched and the user will receive fiat money almost instantly.


Try It Now!

Follow the link to start lending and borrowing.

Keep updated to our latest news! If you have additional questions, feel free to ask.
50k+ Telegram group: https://t.me/coinloan
Twitter: https://twitter.com/coin_loan
Reddit: https://www.reddit.com/r/coinloan/
LinkedIn: https://www.linkedin.com/company/coinloan/
Website: https://coinloan.io/
Blog: https://medium.com/@coinloan
Support: support@coinloan.io

Sure, please visit our site coinloan.io
We also have a group here https://t.me/coinloan

The verification process is quite simple - try it and enjoy lending and borrowing!
You may set up your individual conditions - that's a great advantage of P2P lending!

For some partners, for example, strategic lenders, we are ready to discuss the individual offers!

Nous sommes heureux d'informer les membres de Bitcoin Forum, que on peut essayer notre platforme de credit! l
  ;

Vous pouvez donner le crypto en garantie pour le prêt, ou recevoir de l'argent! C'est simple et compréhensible!
On peut trouver des détails supplémentaires ici: coinloan.io ou https://medium.com/@coinloan

en anglais seulement.

Merci a votre attention!

CoinLoan Platform is Live!
 
Lend & borrow loans secured by crypto!

CoinLoan users have an opportunity to HODL crypto & borrow fiat money or become lenders and earn interest.
To use the platform, you need to apply for registration and verify your account. It will take some time depending on your docs and finally you will be able to lend and borrow on CoinLoan.
We operate with some fiat and crypto currencies as well as some stable coins (USDT, for example)!
You are welcome to try and share your feedback. If you have found any bug or know how to improve something, please let us know at support@coinloan.io.
 

CoinLoan Platform is OPEN!!!

Visit the site to lend & borrow loans secured by crypto!

To use the platform, you need to apply for registration and verify your account on coinloan.io.
It will take some time depending on your docs and finally you will be able to lend and borrow on CoinLoan.
If you have found any bug or know how to improve something, please let us know at support@coinloan.io.
 

Check out our demo MVP platform! https://demo.coinloan.io/