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CoinLoan limited withdrawlas to 5k USD/Day (EUR and GBP not limited)

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by COINS NEWS 212 Views

CoinLoan official blog - Temporary change in withdrawal limits

As the title said, not to create FUD but just to inform everyone: CoinLoan has put a temporary restriction on withdrawl of USD (5000 USD per day). EUR and GBP are not affected.

In the post they say:

"From a business perspective, halting all withdrawals, like some other companies have done, would be more convenient. However, our clients, the users who have entrusted us with their funds, are our biggest priority.

We understand that some of you may be storing your life savings on CoinLoan, so we cannot simply disable withdrawals. Thus, we are only lowering the limit, so you can withdraw a portion of your assets if necessary."

Currently I have no funds on this platform, but in the past I had funds with them and I liked their approach to things. 5k$/day is not so low, so maybe they are doing something not so bad.

Edit: post in their official subreddit

submitted by /u/Allions1
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