Review on CoinLoan by Věra Filipová

This is the important time to reconsider which services will survive and which applications or services in crypto space customers can use and trust. Is there any space for CeFi or there is only sense to use the DeFi applications and not trust any authority at all? What about the user experience - easy to use and navigate, is not it better CeFi? After 2022 brutal bear market where most of the CeFi projects got busted, especially the ones which supposed to be oriented on generating yield by loaning deposits of the clients (see Celsius, Hodlnaut, BlockFi, Voyager etc.), there left almost none which seems would continue in the next cycle. The trust was shattered. But there are few exceptions which still work (it is not the guarantee it can not change and go busted also). I personally really like the Coinloan, similar yield / loan company, which is located in European Union (in Estonia).



They are offering loans and yields for deposits on the crypto and fiat also. It is still working without any issue worth to mention. They have web application alongside their phone application. Navigation in the application is easy, it is understandable and works pretty smoothly. I have used it for quite a long time and it is great also for EUR as they offer better rates than bank. This is quite different also from the bankrupt loan CeFi companies that were mainly oriented only on crypto (to avoid unnecessary regulations and spotlight from regulatory authorities).



The main reason to use the service in this field is trust which is hardly to pass and explain in the review. But do not trust and verify by yourself that Coinloan is the company without any hiccup alongside its own journey. They posses lot of certificates and licenses so it is at least some mark of solvency. Their team has a lot of experience and are the real people with the real knowledge. The Coinloan is built on the strong security measures in order to bring the best in class services and to keep your funds safe. They have also invested in insurance to have their clients assets protected. They have unfortunately their own native utility token (or at least they called it utility token) CLT which is mainly used to obtained better yield. I have never been huge fun of these type of tokens as i am unable to see any sense in them (as the business model can be ran the same without any token at all).



To be honest I have never bought or held their native token and i still use their service which I find trustworthy, at least for now. But better to be ready and vigilant.