CoinRabbit

Start with the eligibility clause, because it settles the matter for most readers here. The agreement requires every user to warrant that they are not located in, and are neither a citizen nor a resident of, the United States, the United Kingdom or Hong Kong. Anyone in Britain or America who signs up is representing something untrue from the first click. That clause sits in the same document as everything else described below, consulted on 8 August 2026.

Two statements in that agreement pull hard against each other, and the gap between them is the whole story. One says the platform does not re-lend, rehypothecate or otherwise reuse digital assets held in user wallets or posted as security. The other says that, unless applicable law forbids it, the platform acquires ownership of the assets transferred as security once the advance is drawn, that those assets then become a deposit, and that on repayment the user receives the equivalent rather than the identical coins. Identical wording covers the yield product: the firm states it owns whatever sits in a deposit. A promise not to reuse is a policy. Title passing is a legal fact, and only one of the two survives an insolvency.

The yield side is stated plainly. The agreement puts the return at 5 per cent a year, sets a floor of 100 dollars and a ceiling of one million dollars in stablecoins, and starts the clock 24 hours after a top-up. The firm reserves the right to change that return at its sole discretion, for existing deposits as well as new ones, and describes interest generally as revisable an unlimited number of times. The document itself carried an update date of 21 May 2024, which is old for a page governing money.

Forced-sale mechanics are the most unusual part. Each trigger price is calculated individually and takes order book depth into account rather than following a fixed ratio. Once that price is touched the position is frozen, and while frozen the borrower can neither close it nor add fresh security, which removes exactly the last-minute rescue most people assume they have. Automatic top-ups are offered as the way to avoid reaching that point. Selling then proceeds without borrower approval. A dated advance that runs past its due date is settled from internal funds, or sold down if those funds fall short, after three days warning.

What is published, and what is not, rounds out the picture. No borrowing rate and no ratio band appears outside the live calculator, so the cost of an advance cannot be compared before creating an account. Registration needs only an email address or phone number, with no identity check; unverified accounts face a daily withdrawal cap set at the firm discretion. The front page claims cold storage, full reserves and support for more than 400 coins, none of it linked to an outside attestation. The only named company is an Ontario entity, 1001285225 Ontario Inc, registered as a Canadian money services business under C10001612. Trading is said to date from 2020, with a private programme for holdings above 500,000 dollars.