Wire transfer is a safest way to send or receive money worldwide, especially when it comes to large transactions. However, the amount available for outbound and inbound transactions is temporarily limited to $1 million for the test period.
At the moment, wire transfer is only available for CoinLoan users in the US. Soon, we will be adding sixty more countries to the list.
How It Works
Once your funds arrive, they are converted to USDC stablecoins at a 1-to-1 ratio and credited to your CoinLoan account. You will be able to use USDC to earn interest on deposits, buy crypto, repay a loan, or withdraw your assets in the form of ERC-20 tokens. Try it now.
USDC, or USD Coin, is the fastest-growing, fully reserved digital dollar stablecoin. It is a joint project of Circle (Circle Internet Financial) and Coinbase, a cryptocurrency exchange. Here you can read more about depositing USD on CoinLoan via wire transfer.
Unlike some banks, We do not charge fees for wire transfers, making our solution a cost-effective alternative. However, your bank can impose additional charges. We recommend contacting it regarding any transfer fees. Wire transfers can be done for bank accounts opened in certain countries. If your country is not on the list, it means this payment method is not supported in your jurisdiction.
💫CoinLoan is a universal platform for crypto and fiat assets. We help to keep your assets safe and manage them from one dashboard.
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