Update #2: They have taken case of most things, however, still awaiting a response to ticket # 20332.

Update: It has been over 24 hours and I still have one transaction pending. I have e-mailed support about it and they responded quickly the other day, and now they have not responded in 24 hours. I still didn't see anything about a 0.4% fee and it does not make sense that they do not disclose to customers the fee does not happen if you send collateral directly to the loan instead of the "wallet". That is confusing and makes it appear that it is a hidden fee. The wallet function can be skipped completely for customers looking only for a loan it seems.

Would love to give these guys a good review. Was excited to do business and exchange crypto so they make money. However, a few alarm bells going off unfortunately:

#1) They have a "wallet" for you to transfer crypto into. That has a $50 fee. Then, there is an origination fee if you get a loan. Now you can also transfer crypto to the loan directly, but they don't tell you that on the "wallet" page, so it's a double-dip of fees - $50 + $64 origination fee.

#2) I then sent from my "wallet" to the loan my XRP, and it has been ~3 hours and it still hasn't posted. This is even though XRP is instant. Now, I have missed an opportunity to buy XRP with the proceeds of the loan at a good price, and CoinRabbit missed an opportunity to make money from exchange.

#3) I have submitted a support ticket to cancel the loan and just return the XRP to my wallet so I can transfer it out if desired. I have now received no response. It is a sizeable amount of XRP.

Delaying withdrawals and hidden fees are not exactly what is all over YouTube and review websites. I will give you a day or so to sort this out, but I do think people should be aware of this all over YouTube and Reddit as this could cause major issues for people and is not what you advertise. You advertise No Hidden Fees and 5-10 minute loan funding.

Thank you!

They were honest and customer service was always available to help

Straightforward, super easy-to-use interface and application process. Reasonable rates and terms. Couldn't have asked for a more satisfactory experience. Highly recommended.

CoinRabbit ,one of the best i work with in my 6 years of experience in the Crypto environment. Easy to use and excellent and fast service. I will definitely recommend CoinRabbit especially when you are new in Crypto. Just a Fantastic experience. Well done and Keep it up.I love the New Features as well. .

I do not know why all the YouTube Crypto Influencers are not talking about this. I was using another lending platform that charged outrageous gas fees to do anything. This app has amazingly low gas fees and it is very fast. I recommend this app to everyone who wants to use their crypto as collateral to borrow even more crypto.

Easy to use (no KYC) but limited functionality, tech issues & no insurance. Basic info not displayed on your loan (monthy interest amt, APY...). Ability to add collateral and reduce loan amt, but no ability to withdraw collateral or increase loan amt - it is 1-way street. Customer support is terrible. Had major issue accessing my loans and was told for several days it was a problem on my side. After finally admitting it was their problem, it took them 1 week to fix the problem. Also collateral is not insured.

I have been using Coinrabbit for around 1 year now, and very satisfied with coin selection and the terms.
More coins can be added, as I see it's working process.

The best website I have ever seen. It is possible to get the loan you need soon

Though initially hesitant to use a service like this, my trial run worked out well. The process is very easy and quick to navigate. The user interface is excellent and straightforward, and even when I made a mistake, the customer support chat responded surprisingly fast and was very helpful. I would definitely recommend using CoinRabbit.

I'll explain what these scam artists do. It's clever. And they are super nice while doing it...

They WANT you to get liquidated. That's the whole point of the 90% LTV (which is more because of the origination fee). They will play with timings. I'll explain... they liquidate IMMEDIATELY and automatically. But if you want to repay your loan and receive collateral, they will take FOREVER. What will they tell you? That the transaction is "stuck" and other factors. It's a lie. What they are doing is holding onto your collateral and they can usually get a liquidation to get the collateral they need to pay you back. It can takes HOURS to get your collateral back? Why? Again, you won't get a straight answer from them.

It's great because you don't know what they are doing as long as you are willing to wait hours or days for your collateral to be returned. Just know that they are screwing over others with your collateral. They can often get those liquidations. By the way, they will recover a loan... but only if the price goes even lower than the liquidation price of course lol. Again, they WANT you to get liquidated.

They did make it easy to GET a loan, and the support is very good. I asked a lot of stupid questions before I got my loan.
Everything about the process runs fairly smoothly.
EXCEPT there is a nasty sting the tail. There are HIDDEN fees when making the repayment.
I was shown a certain amount that I owed for the repayment.
But when I went through the process of making the payment, the invoice was for a - you guessed it - larger amount. The extra fee amounted to about 2.8%, or USDT $5.
I asked support about this . First I was told the extra was "commission fees". When I questioned this further, I was THEN told the extra was "network fees". BS. I paid the network fees to send the USDT-TRX. They were sending SOL, whose tx fees are ~=0.
The support person couldn't give me a link which explained the extra fee.
So the process is easy, but this kind of dishonest gouging leaves a bad taste.

The reply below attempts to justify the hidden costs. The point is, I was SHOWN one figure before I made the repayment, and then I was CHARGED a higher figure during the repayment process. There was no prior explanation of this.

PLUS claiming network fees seems dubious given that the currency being withdrawn was SOL.

I would like to express my gratitude to CoinRabbit for their exceptional service.

A week ago, I took out an XDC loan that was dangerously close to being liquidated. Thanks to the numerous notifications I received, I was able to increase my loan successfully and avoid any complications.

Also, would like to say thank you to the support team at CoinRabbit that went above and beyond to assist me throughout the process. I truly appreciate the high-quality service and the invaluable support provided by CoinRabbit.

Thank you once again, and please continue your outstanding work!

Dear CoinRabbit,

I am writing to inquire about the possibility of obtaining a cryptocurrency-backed loan under specific terms that differ from the conventional margin call and liquidation structure.

My requirement is for a loan that allows me to pledge my cryptocurrency as collateral. However, I am seeking a loan agreement that does not involve margin calls or automatic liquidations. My intention is to maintain control over the collateral and, in the event the value of my collateral falls below the loan amount, I would like the opportunity to voluntarily add additional collateral to balance the loan-to-value ratio.

The key aspect of this arrangement is to avoid automatic liquidations or margin calls while giving me the flexibility to manage my collateral actively. I am seeking an arrangement where the emphasis is on the borrower's ability to supplement the collateral if and when necessary, rather than on automatic mechanisms triggered by market fluctuations.

Could you please advise if such a loan structure is possible within your platform? If so, I would be interested in discussing the terms and conditions in detail.

Looking forward to your response.

Sincerely,
Alexander

As someone who works in/is really passionate about cryptocurrencies, I found this particular lending platform to be really convenient when it comes to leveraging my crypto holdings for some much-needed cash.

First and foremost, nice interface.

Secondly, no time limit for paying back the money.

Thirdly, the widest selection of tokens that I’ve ever seen on any crypto lending service.

All in all, a great experience, that I did not expect at all.

Got a loan against 1 bitcoin in late august to buy one more btc. Received usdt in 20 minutes to my wallet, everything was very easy and fast - no kyc, no any credit checks or smth like that. Only the best crypto loan experience that I’ve ever had. That what I call - real crypto & web3 experience. When the btc reached 33K successfully close my loan and sell it - solid profit.
Will recommend the service to my friends 100%

Really awesome experience! I've used many other borrow and lending platforms and I'm honestly blown away at how user friendly and easy Coinrabbit is. It felt like a safe and secure service with fair terms and conditions. Would highly recommend. Keep up the good work!

Having experienced firsthand the remarkable support provided by CoinRabbit during challenging times, I can confidently say that they have earned my complete trust and unwavering loyalty. It is rare to find a platform that not only delivers on its promises but exceeds expectations by placing their customers' needs at the forefront of their operations.

In an industry flooded with competitors, CoinRabbit stands head and shoulders above the rest. Their commitment to transparency, security, and customer satisfaction is unrivaled, making them a true leader (AT LEAST FOR ME PERSONALLY) in the crypto lending space. I believe that CoinRabbit is poised to become a major player in the crypto world for many years to come.

For those searching for a reliable and trustworthy crypto lending platform, the search ends here. CoinRabbit is the answer. With their remarkable management team, exceptional customer service, and unwavering commitment to their customers' success, they have proven time and again that they are the pinnacle of excellence in the world of crypto lending. Embrace the future with confidence by choosing CoinRabbit as your trusted partner in the exciting world of cryptocurrency.

Very useful

Amazing customer support and the best selection of coins on the market!

Very thankful to CoinRabbit and especially to Chester from live support. As the first loan, I took a $100 loan against xrp just to see how it wrks as I've never used such platforms before - everything went smoothly, I got my funds in 15 minutes. In a week after huge BTC crunch (I still hope it will go up again, God please) - I took a loan against 1btc with 80% LTV ratio, just to keep my funds safe if there is any volatility will be. It took a little bit longer (about 20-25 mins) but anyway very smoothly and Chester was very polite and supportive answering all my questions concerning the time arrival

One recommendation for CoinRabbit team - please, add referral program. I'd be happy to recommend your platform to my friends!