CoinLoan vs. Salt

CoinLoan is a crypto lending and earning platform, founded in 2017, based in Estonia. The company is a crypto management industry pioneer regulated under the Estonian financial license. CoinLoan supports English, German, French, Japanese, Russian, and Turkish languages. Company offers $100M BitGo asset insurance coverage.

Currently, the platform has 20 crypto assets to choose from: CLT, BTC, ETH, XRP, XMR, DOT, LTC, BCH, XLM, WBTC, LINK, UNI, MKR, USDC, USDT, BUSD, TUSD, DAI, PAX (USDP), PAXG. CoinLoan has its own crypto exchange where you can swap, sell, and buy crypto. 150+ pairs are available to buy, sell or swap on the internal exchange.

CoinLoan offers earning in crypto and fiat at up to 10.3% APY that can rise by 2% with staking CLT, company’s native token. CoinLoan’s APR on loans starts at 5.5% with LTV options ranging between 20% and 70%.

Salt is a blockchain loan company founded in 2017 in the US. It offers USD and stablecoin crypto-backed loans. One of the notable products is Stabilization - in case of a sharp market downfall, a client’s loan collateral is converted to USDC stablecoins. The platform has its own token, SALT, and only supports English. The company insures clients’ funds with Fireblocks.

Salt crypto lending platform has only 9 digital assets to choose from: BTC, ETH, LTC, BCH, PAX (USDP), PAXG, USDC, TUSD, and SALT. No internal exchange is available.

Company doesn’t provide earnings on savings accounts. Salt LTV options for crypto-backed loans range between 30% and 70%. Salt loan rates include APR at 5.5% and LTV between 30% and 70%.