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).

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 on the web platform

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

  2. Go to My Wallet or click here.

  3. Choose the desired cryptocurrency.

Choosing cryptocurrency – Web platform

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

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

Note: You have to send all the Ethereum based currencies via the ERC-20 network only. Using other networks will result in permanent loss of your deposit.

Depositing crypto to CoinLoan – Web platform

⠀⠀5. Transfer funds to your CoinLoan Wallet.

Note: You need to specify Destination Tag for XRP and Memo for XLM to successfully deposit assets.

How to deposit crypto in the mobile app

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

  2. Go to the Wallet module.

  3. Choose the desired cryptocurrency.

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

Depositing crypto to CoinLoan – Mobile app

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

Note: You have to send all the Ethereum based currencies via the ERC-20 network only. Using other networks will result in permanent loss of your deposit.

⠀⠀6. Transfer funds to your CoinLoan Wallet.

Note: You need to specify Destination Tag for XRP and Memo for XLM to successfully deposit assets.

How to withdraw crypto on the web platform

  1. Log in to your CoinLoan account.

  2. Go to My Wallet or click here.

  3. Choose the desired cryptocurrency.

Choosing cryptocurrency – Web platform

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

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

Note: There’s a minimum withdrawal amount for each currency. 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.

Note: You need to specify Destination Tag for XRP and Memo for XLM to successfully withdraw assets.

⠀⠀7. Click the Continue button. Each currency 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.

How to withdraw crypto in the mobile app

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

  2. Go to the Wallet module.

  3. Choose the desired cryptocurrency.

Withdrawing crypto from CoinLoan – Mobile app

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

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

Note: You need to specify Destination Tag for XRP and Memo for XLM to successfully withdraw assets.

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

Note: There’s a minimum withdrawal amount for each currency. 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.

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 Ethereum blockchain available on our platform for most crypto assets.

Available currencies

Here’s the list of the currencies 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 tokens based on the Ethereum blockchain. Please read about our platform fees here.

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