CoinRabbit Reviews

CoinRabbit has an overall rating of 4.5 based on 21 reviews. Customer feedback on CoinRabbit is mixed: CoinRabbit reviewers highlight positive aspects like user-friendly interface, fast transaction speeds, responsive customer support, competitive fees, which strongly appeal to casual cryptocurrency users and beginners. However, CoinRabbit is often criticized for its limited cryptocurrency options, occasional verification delays, lack of advanced trading features, unclear fee structure.

4.5/5.0

21 reviews

5 Stars

17

4 Stars

2

3 Stars

0

2 Stars

0

1 Star

2

All CoinRabbit Reviews (21)
beautifulbear117
January 28, 2023
"Simple and fast way to get a loan..."
It’s a simple and fast way to secure a loan using a bit of my crypto assets. So far, I’ve got no issues with the whole process. Looking forward to being a repeat customer!
DoraCollins
January 28, 2023
"My experience with Webrepower's services for a..."
I tried out the Webrepower site service for a business and was pleased with the details provided and the cost I incurred. I checked out a few options, and they turned out to be the cheapest while still delivering top-notch info. I've utilized nearly all their other offerings; just shoot a DM for support if you're looking to get your money back right away.
ClaudeSimmmons
January 25, 2023
"Liquidation Happens in Under 4 Minutes After Notification"
At 2:26 AM, I received a text saying my asset was about to be liquidated. By 2:30, the position was gone. Seriously, how's anyone supposed to boost security in just 4 minutes when the position gets shut down mid-process?

I've never had this issue with Nexo, for instance. The heads-up about the liquidation was way too late, leaving no chance for anyone to step in.

Plus, there's a fee for every little thing. You get charged when you first join, and all interest is taken upfront for the whole month. If you want to add more collateral, there's another fee. Paying back the loan? Yep, extra charges there too, along with transfer costs.

Overall, I'm not really impressed.

EDIT:
After chatting with Alex from customer support again, everything got sorted out to my liking.

The loan was reopened, and the liquidation was undone. I could then put in more collateral.

So, it turned out to be a win-win for both parties.
PhyllisTaylor
January 24, 2023
"Reviving the Crypto Scene!"
As a long-time holder of cryptocurrencies, I have faith in certain coins and I'm not keen on parting with them just yet. However, there are moments when I need some liquid cash to either invest more or cover everyday expenses.

That's where CoinRabbit comes in handy! It allows me to maximize my crypto while ensuring I won't lose out due to market fluctuations. I really appreciate how CoinRabbit alerts me when a loan is approaching a risky situation. This feature has been super helpful in protecting my assets.

I also dig the wide variety of coins available for collateral. Go-go DOGE fam!
Allendjamal
January 19, 2023
"Just take my cash already!"
I recently took out a loan here, and I get that my collateral will be back in my hands within the next day, plus my loan will be settled. I've already got the funds! The customer support was super helpful and really nice. It's just incredible, and I can't wrap my head around why CoinRabbit isn't more well-known.
Katie.Lawrence
January 11, 2023
"LOAN SAVED!"
During the ETH crash last summer, I was attempting to buy back my loan but ended up getting liquidated. Thankfully, Coinrabbit stepped in and unliquidated my loan, letting me pay it off once they realized what went down!
shimikyoko
October 08, 2022
"CoinRabbit earns my trust over my regular bank"
I have more faith in CoinRabbit than in my usual bank back in Brazil. Their support team is always quick and super helpful. I ran into a couple of minor issues while using the platform—one was with the interface and the other involved a delay in a deposit. But both were handled swiftly and effectively. I don’t mind that they operate anonymously; I appreciate how they value their customers' privacy. You can track funds on-chain, and they don’t play around with customers' money like a lot of other platforms do.
Pat_28
October 05, 2022
"Unprofessional Service"
I got a refund sent to a wallet that they *knew* wasn’t the correct cryptocurrency. Now, my funds are gone, and they won’t lend a hand. They were aware I was using BUSD the entire time, yet they returned it in BNB. To top it off, they even *asked* me for the original (BUSD) wallet address after I clearly stated I was referring to BUSD (Eth).
NellieJenkins
October 02, 2022
"Lending Only and It's Great"
I focus solely on lending, and it’s been fantastic... I can deposit and withdraw any amount whenever I want, and I've been doing this for 6 months now. The interest rates do fluctuate, but I still get paid... Plus, you can always pull out your funds if you're not satisfied. The deposits are strictly for borrowers and just sit in the app (no risky business with Celsius, Nexo, or anything like that...)
NicoleFletcher
September 16, 2022
"A Big Thanks!"
I just gotta express my gratitude to CoinRabbit.

About a week back, I took out an ETH loan. It was getting pretty close to liquidation, but I got plenty of alerts about it, and I managed to boost it up successfully. The support crew was also in contact with me and provided a ton of help. Thanks a bunch, CoinRabbit, for the top-notch service and support team 🙏🏻 Keep it up!
JamesButler
June 22, 2022
"A Sigh of Relief"
Given what went down with Celsius, I was really worried that something similar might occur here, like having withdrawals blocked or whatever. Thankfully, that wasn’t the case. After chatting with the support team, they laid out clearly why such a thing wouldn’t happen on their end. I’ve gone ahead and processed a few withdrawals in the last few days, and all went smoothly. I’ll just ride out this bit of market tension and for sure keep using the service. Right now, they’re doing an awesome job.
MikeWiss
June 21, 2022
"Service provided everything I needed and beyond"
I've taken out a few loans, some worked out, others didn’t, but I’ve always gotten the assistance I needed. Their support is available around the clock, ready to tackle any issue or inquiry I had, whether it was about liquidation, a glitch, or my temporary inability to boost my funds, which helped prevent my loan from liquidating. This service is truly impressive and I’m definitely sticking with it!
lazybird538
June 20, 2022
"Unexpectedly Great Support!"
Given the current market situation, my loan was on the brink of liquidation, and I was in a real rush to find a solution. I reached out to the team for assistance, not really expecting much to come of it during those tough days. To my surprise, their response was incredible. They didn’t just assist me; they also provided temporary protection against liquidation on my loan until my funds were transferred. I’ve never encountered such a level of service before. Keep doing what you’re doing!
Jared.Rhodes
June 18, 2022
"Warning: They took all my tokens"
This is just terrible. Seriously, watch out. They ripped me off completely, taking every single one of my tokens. I'm in the middle of starting a lawsuit right now. A bunch of loans got liquidated by mistake, and I wasn't even told to top up or pay back. Their system is full of technical glitches; it's a scam. I'm also reaching out to the media to warn others about this.
angryfrog519
May 12, 2022
"Grateful Beyond Words 🤩"
The email support team and Nick from marketing are absolute legends! I mistakenly sent my collateral on the wrong network 😳. I was sure I had lost everything. Coinrabbit helped me get it back and returned my crypto. If you run into problems with the chat support on the site, just shoot them an email and they'll sort you out.

View More Reviews

Have a question about CoinRabbit?

Customer Reviews

Ask a Question

Welcome to WorthEPenny.com! We use cookies to better understand your preferences, optimize our website and services, enhance user experiences, personalize content and ads, and provide social media and other third-party features. If you want to learn more about cookies and why we use them, visit our Cookie Policy page.