To start transferring funds on CoinLoan, you have to complete the following steps:

  • The KYC Verification. You need to be verified to deposit and withdraw funds. Please read our KYC Verification Guide for more details and make sure to complete the KYC to access the transferring option.

  • The 2FA Authentication. The 2FA is an extra security level you add to your Wallet. You can turn the 2FA on by following the link (works on any device). Please refer to our article about setting up 2FA for more details.

Note: You cannot be able to use the CoinLoan Wallet if you have not completed one of these steps. Verify yourself and enable the 2FA option, and you are good to go.

How to deposit crypto

Web platform

  1. Log in to your CoinLoan account or sign up if you have none.

  2. Go to Wallet or click here.

  3. Choose the desired cryptoasset.

Choosing cryptoasset – Web platform

⠀⠀4. Click the Deposit button below the cryptoasset.

⠀⠀5. You’ll see the address to send your crypto to.

Depositing crypto to CoinLoan – Web platform

⠀⠀5. Transfer funds to your CoinLoan Wallet.

Mobile app

  1. Open the CoinLoan mobile app on your Android or iOS device.

  2. Go to the Wallet module.

  3. Choose the desired cryptoasset.

  4. Click the Deposit button after going to the asset module.

Depositing crypto to CoinLoan – Mobile app

⠀⠀5. You’ll see the address to send your crypto to.

⠀⠀6. Transfer funds to your CoinLoan Wallet.

Important notes:

  • To deposit XRP, you need to specify Destination Tag. Refer to our article to know more.

  • To deposit XLM, don’t forget to include Memo. More info here.

  • To deposit USDC, BUSD, or USDT, choose between ETH and BSC networks. Read more in our article about the network selection feature.

  • To deposit BTC or LTC, you need to select the correct address type: Bech32 or Legacy. Check our article for more info.

How to withdraw crypto

Web platform

  1. Log in to your CoinLoan account.

  2. Go to Wallet or click here.

  3. Choose the desired cryptoasset.

Choosing cryptoasset – Web platform

⠀⠀4. Click the Withdraw button below the cryptoasset.

⠀⠀5. You’ll see the form to enter the crypto amount.

Note: There’s a minimum withdrawal amount for each asset. You can find the complete list of withdrawal limits here. For instance, it’s 0.01 XMR for Monero.

Withdrawing crypto from CoinLoan – Web platform

⠀⠀6. Enter the crypto wallet address.

⠀⠀7. Click the Continue button. Each asset has a different transaction speed. The process can take up to some hours.

Note: Please always double-check the address you enter to successfully receive the withdrawal.

⠀⠀8. You will need to confirm a transaction to successfully withdraw funds. This is a security precaution, just follow the platform instructions on your device.

Mobile app

  1. Open the CoinLoan mobile app on your Android or iOS device.

  2. Go to the Wallet module.

  3. Choose the desired cryptoasset.

Withdrawing crypto from CoinLoan – Mobile app

⠀⠀4. Click the Withdraw button after going to the asset module.

⠀⠀5. You’ll see the form to enter the withdrawal amount and the recipient’s address.

⠀⠀6. Click the Continue button. Each asset has a different transaction speed. The process can take up to some hours.

Note: There’s a minimum withdrawal amount for each asset. You can find the complete list of withdrawal limits here. For instance, it’s 1 ADA for Cardano.

⠀⠀7. You will need to confirm a transaction to successfully withdraw funds. This is a security precaution. Just follow the platform instructions on your device.

Important notes:

  • To withdraw XRP, you need to specify Destination Tag. Refer to our article to know more.

  • To withdraw XLM, don’t forget to include Memo. More info here.

  • To withdraw USDC, BUSD, or USDT, choose between ETH and BSC networks. Read more in our article about the network selection feature.

  • To withdraw BTC or LTC, you need to select the correct address type: Bech32 or Legacy. Check our article for more info.

Which blockchains we support

CoinLoan supports only native blockchains for depositing and withdrawing crypto assets:

  • The Bitcoin blockchain for BTC (the Bech32and Legacy address types);

  • The Cardano blockchain for ADA;

  • The XRP blockchain for XRP;

  • The Litecoin blockchain for LTC (the Bech32 and Legacy address types);

  • The Bitcoin Cash blockchain for BCH;

  • The Monero blockchain for XRM;

  • The Stellar blockchain for XLM;

  • The Polkadot blockchain for DOT;

  • The BSC blockchain for BNB, USDC, BUSD, and USDT;

  • The Ethereum blockchain available on our platform for most crypto assets.

Available assets

Here’s the list of the assets you can deposit and withdraw on CoinLoan:

  • Crypto: BTC, ETH, ADA, XRP, WBTC, XLM, BCH, LTC, XMR, DOT, MKR, SOL, and BNB;

  • Stablecoins: PAX (USDP), PAXG, USDT, TUSD, USDC, BUSD, and DAI.

Deposits and withdrawal fees

CoinLoan takes over deposit fees. However, when you deposit crypto assets to CoinLoan from other wallets, you might be charged the fees of these platforms. Please learn about the policies of other platforms beforehand. As for withdrawals, we take over withdrawal fees, except for assets based on the Ethereum blockchain. Please read about our platform fees here.

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