CoinRabbit Review 2026: Pros, Cons, & Features

CoinRabbit Overview

What Is CoinRabbit?

CoinRabbit is a centralised crypto lending platform that lets you borrow crypto without selling the assets you already own.

You deposit supported crypto as collateral, choose how much you want to borrow, and receive another crypto asset in return.

For example, you could deposit $ETH and borrow $USDT against it.

Now’s also a good time to point out that CoinRabbit doesn't offer fiat currency loans – but a workaround would be to borrow stablecoins and sell them for dollars (or your local currency) on an exchange.

Loan sizes start at around $30, go up to $1 million. and CoinRabbit gives you a few different loan-to-value options.

Like any lending platform, it goes like this:

The higher the LTV, the more you can borrow, but the closer you are to liquidation if the value of your collateral drops.

CoinRabbit’s also very easy to get started with.

You can sign up using just an email address or mobile number, and there’s no standard KYC requirement for basic use – quite rare for a centralized platform.

From there, you can take out crypto-backed loans, swap assets across different chains, and earn interest on supported cryptos.

The interface is clean and beginner-friendly, so you don’t need to be an experienced DeFi user to figure it out.

That said, CoinRabbit isn’t really a DeFi protocol.

Deposits and withdrawals happen onchain, but the loans, balances, interest calculations, and liquidations are handled internally by CoinRabbit.

It’s also important to note that it’s a custodial platform, which means CoinRabbit takes control of the crypto you deposit.

They told me specifically that loan collateral doesn't go anywhere, but they did say that Earn account deposits may be reused or lent out (that's how they generate yield for you).

So, its main benefit is convenience – CoinRabbit makes crypto borrowing fast, simple, and flexible.

But if there’s a downside to watch out for, it’s that you’re trusting a centralized company with your assets, which brings custody, counterparty, and liquidation risk.

CoinRabbit Key Features

• Loans: borrow $BTC, $ETH, $DOGE, or Stablecoins against 350+ cryptos as collateral. No fiat, though.
• Mostly fixed interest rates: Every loan option I encountered used a fixed interest rate. CoinRabbit’s terms mention flexible-rate loans, but I couldn’t find one available during testing.
• Earn: deposit $ETH, $BTC, wrapped $BTC, or stablecoins across several networks for up to 5% interest, spending on the asset. Fixed rate.
• Spend: CoinRabbit aggregates a list of businesses that accept crypto, and make it easy to purchase directly from them via the coinrabbit wallet.
• Exchange crypto: swap between 400 different assets, including cross-chain.
• Mobile Wallet app: hold your crypto plus use all the features from your mobile phone + notifications about your loan health.
• Referral program: Profit from each loan your referral makes. Receive up to 0.2% from each loan’s amount while it’s active. No cap on how many accounts a referrer can invite

CoinRabbit Fees and Rates

CoinRabbit mentions possible deposit and service fees in its terms, although I didn’t run into any during testing.

So, my experience may not cover every situation. Fees could still apply depending on the asset, network or type of transaction, so check the final confirmation screen before going ahead.

Loan Rates and LTVs

CoinRabbit’s loan rates are mostly fixed.

The rate you get depends on:

• Your starting LTV
• Your loan term
• How close your loan is to liquidation

Higher LTV loans cost more because they’re riskier. You can also pay a higher APR to get a wider liquidation buffer.

At lower LTVs (50% and 65%), you can choose a cheaper rate with liquidation at 80%, or pay more to push liquidation out to 95%.

At the higher LTV options (80% and 90% LTV), both options liquidate at 95%. The 30-day loan is slightly cheaper than the unlimited one.

CoinRabbit shows the APR, term and liquidation level before you confirm.

Savings (Yield) Rates

CoinRabbit’s savings feature lets you earn yield on supported crypto deposits.

The rates I found were fixed:

• Stablecoins: 5% APY
• $ETH: 1.2% APY
• $BTC and wrapped $BTC: 0.3% APY

Interest accrues daily, and there’s no fixed lending term, so you’re free to withdraw whenever you like.

The setup is simple and flexible, although the returns are much more attractive for stablecoins than for $BTC or $ETH.

Swaps/Exchange Rates

CoinRabbit doesn’t show a separate trading fee. Instead, its fee is built into the exchange rate you’re offered.

Before confirming, you’ll see the estimated amount going in, the amount coming out, and the approximate dollar value. The final rate may move slightly while the swap is being processed.

In my test, the total cost worked out to around 0.55%, or roughly $0.56 on a $101 swap.

Buy/Sell Rates

CoinRabbit has a fiat gateway, which currently only works with Euro payments.

Transactions are handled by third-party providers, with SEPA and Open Banking supported. I tested the UI for a $100 order and a $1,000 order, both of which charged around a 4% fee.

KYC will be required, so check the final rate before confirming. For bigger purchases, a dedicated exchange will usually be cheaper.

Withdrawal Fee

CoinRabbit charges a $2 fee when withdrawing from their platform, which will apply on top of the usual network fees.

Our Expert Review of CoinRabbit

First-Hand Review

Signing Up

You can sign up with just an email address or mobile number, so getting started is very easy.

Just make sure whichever one you use is secure, because that becomes your login. CoinRabbit sends an authentication code there each time you sign in.

I used my email, and logged in with the confirmation code sent to it.

And just like that, I was into the dashboard.

Everything was laid out really clearly. It felt simple without being too basic, so I think beginners and more experienced users would both be fine using it.

Funding My Wallet

Next, I needed to fund my wallet.

CoinRabbit creates a deposit address for you, or you can connect through MetaMask or WalletConnect instead.

I deposited $ETH on Base because it’s usually nice and fast.

It did sit on pending a little longer than I expected, but nothing too dramatic. I sent it at 11:19 AM and it showed as available by 11:23 AM.

Getting a Crypto Loan

The main thing to know is that these are crypto-to-crypto loans.

There’s no fiat involved, but that also means there’s also no standard KYC requirement to get started.

The minimum loan size I saw was $30, with a maximum of $1 million – but CoinRabbit confirmed that those limits don't apply if you verify your identity.

You can choose a starting LTV of:

• 50%
• 65%
• 80%
• 90%

I’d probably avoid going for 90% LTV altogether, because it’s too much risk. With a 95% liquidation LTV, only about a 5% move would liquidate you.

Even an 80% LTV in my opinion, is very risky.

Unless you’re borrowing stablecoins against stablecoins, I’d recommend sticking to a starting LTV of just 50% or 65%.

Some combinations are also unavailable.

For example, I couldn’t borrow $BTC, native $ETH or $DOGE against my $ETH on Base.

You can choose between different APRs, terms and liquidation thresholds.

There was also a 30-day fixed-rate option, which could be useful during volatile markets, although 30 days is still pretty short.

One feature I liked was that you can use funds inside your CoinRabbit wallet or connect a DeFi wallet such as MetaMask.

So you don’t necessarily need to preload everything into CoinRabbit before taking out a loan.

Mobile App

I couldn’t test the mobile app because it was only available on Android through Google Play or as an APK.

There wasn’t an iOS option when I checked.

My Loan Test

For my test, I borrowed $USDT on Tron against $ETH on Base – this made sure that I could borrow across different chains, which worked great.

I went with a 65% starting LTV and chose the wider 95% liquidation threshold.

That came with a higher interest rate, but it made sense to me because I only planned to keep the loan open for a short time.

I’m not expecting to pay much interest, but the wider liquidation buffer will give me more protection if $ETH drops.

The confirmation window clearly showed the APR, loan term and liquidation point before I submitted anything.

I also realised that every loan option I came across used a fixed rate.

Interface Delays

The main issue I ran into was that balances and positions didn’t always update properly.

After swapping into Tron $USDT, I had to log out and back in before the balance appeared.

The same thing happened after I submitted the loan. The loan had already been processed, but the dashboard didn’t update until I signed in again.

Nothing went missing, but it was a small pain.

The platform looks polished, so delays like that stand out more than they otherwise would.

Managing your loan

At the top, there are the key figures of your collateral value and the repayment that you owe.

Here are the features I found most useful:

1. Green, yellow, and red zones give your loan positions quick labels showing if they’re in a safe position – i.e. If your LTV is safe and your collateral isn’t in immediate danger.
2. Your margin call price for your collateral asset. Here, you can see that if $ETH on Base hits about $1365, my loan will be in danger of being liquidated. This gives me an easy way to look out for my loan, without doing math or guessing games.
3. Increase and Repay functions: these let you borrow

You can also click into a specific loan to see the more intricate details.

This includes a graph of your loan health/value, as well as an “auto increase” feature that automatically tops-up your balance when it’s in need:

One of the best features that I didn’t get to try was the notifications on mobile.

CoinRabbit will send you alerts about your loan and loan health, which is super handy for staying on top of things to keep it safe.

Spending Crypto

CoinRabbit also has a section for spending crypto.

I could only see Bitrefill, which is genuinely useful for buying gift cards and mobile credit.

CoinRabbit talks about other supported platforms, but unfortunately I couldn’t find any of them.

Savings and Earning Interest

CoinRabbit also lets you earn yield on supported crypto deposits.

The minimum deposits I saw were:

• $100 in stablecoins
• 0.044 $ETH
• 0.0016 $BTC or wrapped $BTC

The interface shows your estimated monthly reward before you deposit, which is a nice touch.

You can also see the APY upfront.

The big thing here is that the rates I found were fixed:

• Stablecoins: 5% APY
• $ETH: 1.2% APY
• $BTC and wrapped $BTC: 0.3% APY

Interest accrues daily, and there’s no fixed lending term.

That fixed rate is probably one of CoinRabbit’s more interesting features. It’s pretty rare to see on a non-KYC crypto platform.

I tested it with a $100 $USDT (Tron) deposit:

Just like with loans, you get a dashboard view to keep track of your savings positions:

When I tested a withdrawal, the funds were back in my wallet within a few seconds.

That was very fast and made the savings product feel genuinely flexible.

Making a Swap

CoinRabbit has a huge list of cryptocurrencies available to swap across several chains.

Before confirming, you’re shown:

• The estimated rate
• The amount going in
• The amount coming out
• The approximate dollar value
• The estimated arrival time
• Whether any extra fees apply

CoinRabbit says it checks rates across its exchange partners and gives you the best available quote.

For my test, I sold 0.0522 $ETH on Base and received 100.242812 $USDT on Tron.

It quoted me around 10 minutes, but the whole thing finished in under a minute.

That was a nice surprise.

At the time, $ETH was trading at around $1,931, which valued my $ETH at about $100.80.

I received $100.24, so the swap cost me roughly $0.56, or 0.55% compared with the market price.

That seems pretty reasonable for a quick cross-chain swap, especially since it completed so fast.

This is competitive with both Coinbase and Kraken for low-volume trading, which start at 0.6% and 0.8% for taker fees, respectively.

Buying and Selling With Fiat

CoinRabbit also has a fiat gateway for buying and selling crypto.

The payment methods shown included:

• Visa
• Mastercard
• SEPA
• Faster Payments

These appear to be handled by third-party providers rather than CoinRabbit itself.

Currently, the only supported fiat currency is EUR.

The available payment methods are Open Banking and SEPA.

KYC will usually be required through the payment provider.

Card fees can also be pretty chunky, often around 2% to 5% or more.

For larger purchases, I’d usually expect a dedicated fiat exchange to offer a better rate.

Customer Service

Like most platforms, CoinRabbit’s customer service starts with a Help Center, where you can search for keywords related to your question.

Honestly, it didn’t feel like there was much here – I didn’t think it was that helpful (but at the same time, it’s such a user-friendly platform that I didn't have many questions).

After this, I used the one-on-one chatbox function at 10:10pm NZT. I was connected with a human, Liam pretty much immediately – I asked him my question, but he told me he’d get back to me with an answer in 15 minutes.

I ended up receiving a very helpful answer in just 9 minutes, which was great to see. This was consistent with a lot of good reviews I saw on their customer service.

Who’s CoinRabbit For?

• People who want cash without selling their crypto: CoinRabbit is great if you want to unlock some value from any one of hundreds of cryptos without giving up your position. Just put up crypto as collateral, borrow against it, and keep your original market exposure.
• People who want something simple and quick: Signup is easy, the dashboard is clean, and there’s no KYC for the core features. You don’t need to be a DeFi power user to figure it out.
• People who like knowing the rate upfront: Most of the loan rates I found were fixed, and the savings rates were fixed too. That makes it easier to know what you’ll pay or earn without worrying about the rate changing every day.

Who’s it Not For?

• People who want onchain, self-custodial DeFi: CoinRabbit is centralized and custodial, so it handles your funds internally rather than through public smart contracts.
• People who want to borrow fiat: CoinRabbit’s loans are crypto-to-crypto. You can borrow assets like $USDT or $BTC, but you won’t receive cash directly into your bank account.
• People who want to use CoinRabbit on iPhone: CoinRabbit had an Android app through Google Play and APK, but I couldn’t find an iOS app. iPhone users will need to use the browser version.

CoinRabbit Alternatives

CoinRabbit vs. Aave

Both CoinRabbit and Aave are crypto-only options with no KYC, but don’t let you borrow fiat currency.

Aave keeps everything onchain and in your own wallet, but it has variable rates and is much less beginner-friendly.

CoinRabbit gives a much smoother experience and charges fixed interest rates, but you don’t keep full control of your collateral.

CoinRabbit vs. Ledn

Ledn is much more $BTC focused. It does Bitcoin-backed loans only, while CoinRabbit lets you borrow against hundreds of assets.

Ledn can also pay out in fiat or $USDC, but you’ll need KYC and there’s a 2% admin fee.

CoinRabbit is more flexible and private, while Ledn is probably easier to understand if all you want is a straightforward loan against $BTC.

CoinRabbit vs. Nexo

Nexo offers loans against 100+ crypto assets, so it’s a little more competitive with CoinRabbit in this way. It also lets you borrow fiat straight to your bank account, if you don’t want stablecoins or crypto.

On the other hand, its best borrowing rates depend on your $NEXO token tier and LTV.

CoinRabbit is simpler, still supports way more collateral assets, and doesn’t require standard KYC, but you can only borrow crypto.

Is CoinRabbit Safe to Use?

As a centralized lender, it’s most important to look at CoinRabbit the company and its policies.

They’re the ones in charge of handling your funds, so you want to know they’re in reliable hands.

I looked into the company and its team, and also went through their Terms and Conditions so that you don’t have to.

Here’s what I found:

CoinRabbit Founding & Team

CoinRabbit was founded in 2020, but there doesn’t seem to be any information out there about who it was founded by.

That being said, there are a few core team members shown on the “About Us” page and connected to their LinkedIn.

Irene Afanaseva handles marketing, partnerships and much of CoinRabbit’s public-facing work. Vitalii “Vito” Bushuev focuses on business development, institutional clients and crypto lending partnerships.

There’s also Walter Barrett as Chief Strategy & Growth Officer, Marie S. as Head of Partnerships, and Nikita S working in growth marketing.

The strange part is that CoinRabbit still doesn’t publicly name a founder, CEO, CTO or senior technical lead.

For a custodial platform holding customer assets, that might be worth noting.

Why does CoinRabbit keep its team private?

I asked CoinRabbit about this directly.

Irene told me the founding team keeps a low profile because it works with high-net-worth clients, handles significant capital and uses its own liquidity. She also said the team is spread across different countries and keeps decisions in-house so it can move quickly.

That does make some sense. Crypto founders can face real security risks, and a decentralised setup gives the company more flexibility.

It reminds me a little of Binance’s early global approach, where avoiding one fixed base helped it stay flexible while regulators were becoming more hostile towards crypto.

The downside is that customers still get less visibility into who actually controls the platform.

Where is CoinRabbit licensed?

CoinRabbit’s legal setup is also a bit murky.

The only clearly named company is 1001285225 Ontario Inc., which it says handles Canadian services.

It’s registered as a Canadian Money Services Business.

That mainly covers anti-money-laundering rules. It doesn’t mean CoinRabbit is licensed as a bank, lender, investment firm or crypto custodian.

CoinRabbit also mentions other “licensed entities,” but doesn’t name them or provide licence numbers.

LinkedIn lists Tallinn, Estonia, while Trustpilot lists Kingstown, St. Vincent and the Grenadines. I couldn’t find a clearly named CoinRabbit company or financial licence tied to either place.

So, there is a Canadian company and MSB registration. What’s still unclear is which entity holds customer crypto, issues loans and serves users outside Canada.

Watch out with high LTVs

This part is up to you, but be very careful about taking out a loan at a starting LTV of 80% or 90%.

• 80% starting LTV: Your collateral only needs to drop by about 15.8% to hit a 95% liquidation level.
• 90% starting LTV: A drop of just 5.3% could be enough to liquidate you.

And that buffer can shrink even further over time as interest gets added to what you owe.

What’s Their Reputation on The Internet?

Most of the reviews I could find on CoinRabbit are pretty positive.

It sits at 4.5 out of 5 on Trustpilot, with most people giving it five stars.

The thing people mention most is the support – a lot of users say they got a real person quickly and had their issue explained very well.

There are even a few stories of support helping recover funds sent on the wrong network or sticking with someone through a messy withdrawal or liquidation issue.

Other compliments are that the platform is simple, loans are quick, and it supports a way wider range of collateral than other lenders.

That being said, the main complaints are pretty consistent too.

Some users had withdrawals or collateral releases sit in processing for hours or even days, and a few had to contact support to get things moving.

Liquidations are the other big one.

Some people say they didn’t get warning emails, didn’t understand how auto top-up worked, or couldn’t add collateral in time.

I’d say you should definitely make sure you understand the margin-call rules before taking out a high-LTV loan.

So a few difficult moments for some users, but overall a pretty good track record and no major red flags from people’s experiences so far.

Things to note in the Terms and Privacy Policy

CoinRabbit is easy to use, but the fine print is where I’d be a bit more careful.

• CoinRabbit takes control of your deposits: Collateral and Earn funds become CoinRabbit’s assets, and you’re owed the equivalent back later.
• Earn deposits can be re-lent: CoinRabbit may use them to fund other loans, so withdrawals still depend on the company staying liquid.
• Loans can freeze near liquidation: Once you hit the margin-call level, you may not be able to repay or add more collateral in time.
• Withdrawals aren’t always guaranteed: CoinRabbit can add limits, fees, asset suspensions or other restrictions.
• The legal setup is vague: It isn’t very clear which company you’re actually dealing with, which laws apply, or where a dispute would be handled.

The good thing is that loan collateral isn’t reused. CoinRabbit says collateral for its Loan product is stored in cold wallets and isn’t lent out.

Final Thoughts On CoinRabbit

CoinRabbit is an amazingly easy-to-use platform for crypto loans – whether you’re a beginner or a pro, you’ll find it enjoyable to borrow here.

Just know up-front that you can’t borrow fiat here, just $BTC, $ETH, and stablecoins,

The amount of supported collateral assets is mind-blowing, with more than 350 coins and tokens you can borrow against.

Sign up with just an email or phone number with no ID verification (unless you’re playing with big money), and get straight to borrowing against your crypto.

They keep your collateral assets mostly in cold storage and don't lend them out, but this doesn't apply to Earn deposits for generating yield.

You can also earn on your crypto holdings in a savings account, swap between 400+ supported assets, and spend your crypto with featured vendors.

Make sure you know that CoinRabbit handles your funds for you, and could be a little more transparent with its company setup.

CoinRabbit Frequently Asked Questions