com.app.coinloan.md 1.6 KB
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---
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wsId: CoinLoan
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title: 'CoinLoan: Сrypto & Fiat Loans'
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altTitle: 
authors:
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- danny
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users: 50000
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appId: com.app.coinloan
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appCountry: us
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released: 2019-11-28
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updated: 2022-07-01
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version: VARY
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stars: 4.3
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ratings: 309
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reviews: 51
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size: 
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website: https://coinloan.io/
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repository: 
issue: 
icon: com.app.coinloan.png
bugbounty: 
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meta: ok
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verdict: custodial
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date: 2021-10-04
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signer: 
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reviewArchive: 
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twitter: coin_loan
social:
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- https://www.linkedin.com/company/coinloan
- https://www.facebook.com/coinloan.project
- https://www.reddit.com/r/coinloan
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redirect_from: 

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---

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### App Description

> CoinLoan is your mobile e-currency wallet that allows trading, taking loans secured by e-currency, as well as exchanging, buying, and selling.

### The Site

> [Get a Loan Backed by Your Bitcoin](https://coinloan.io/crypto-backed-loans/bitcoin-loan/)

The [Terms and Conditions](https://coinloan.io/terms-and-conditions/) state in Section 5.18 that

> Please note that Your funds’ withdrawals and deposits to any of Your Accounts/wallets **outside the Platform may take up to seven (7) business days** in some cases. 

Furthermore in Section 7.2, 

> In case we detect that the information submitted by You is false/not up to date/wrong, we may, at our sole discretion, stop the service rendering on the Platform and/or **freeze Your funds on Your Account** on the Platform.

### The App

The app was not available for download in our locale. 

### Verdict

The ability to freeze accounts, and claims to be regulatory compliant, indicate with a strong degree of certainty that this is a **custodial** service and thus **not verifiable.**
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