Find Bitcoin Denominated Loans – Cryptocurrency

Looking for Bitcoin Denominated Loans…YouHodler is a Swiss-based business that works as a crypto-backed loan provider. Among its primary ideas is that you can still HODL, without needing to await a spike to offer.

It allows users to obtain fiat funds immediately, based on the worth of their cryptocurrency possession holdings. Apart from that, one can convert crypto to crypto, crypto to fiat, and also engage with stablecoins.

The most beneficial feature would be the choice to withdraw fiat to a personal savings account or personal charge card. Users can also hold their cryptocurrency in a YouHodler savings account.

It wouldn’t be far-fetched to consider YouHodler as a bank for your cryptocurrency. It is fast and effective, enabling users to move their crypto properties with ease.

The platform focuses on delivering a well-rounded experience for its users. You will find whatever that a crypto owner or a financier would possibly require. To put it simply, YouHodler uses a range of services that lets you harness your digital possessions.

YouHodler Wallet

YouHodler’s wallet is designed with simpleness and efficiency in mind. You can move your cryptocurrency, convert it to fiat, and hold the funds for investment purposes in your wallet. The company offers dedicated wallet styles for Bitcoin and over 14 other popular cryptocurrencies.

Is YouHodler legitimate? Bitcoin Denominated Loans

Possibly the most significant feature at YouHodler is its capability to provide you loans. An investor could consider these financing chances as a means of hedging. Most importantly, it provides you access to a versatile path to go into the cryptocurrency trading markets.

With a crypto-backed credit line, you can get fiat when you need it without touching your crypto portfolio at all. It gets rid of a huge part of the danger that accompanies financial investment options.

 

YouHodler is certainly a leading player in this space– not least because it offers a top-rate loan-to-value ratio of approximately 90%. Outpacing its competitors, YouHodler accepts 15 different digital coins as collateral.

Users can get both instant cash loans and crypto loans in USD, EURO, GBP, CHF, and even in Bitcoin( BTC) and Tether( USDT). The interest rates on crypto loans are relatively reasonably at 12% APR. If you are taking out a short-term loan, you could get your rates of interest as low as 2.5%.

Now let’s break down the loan process that YouHodler has in place.

 

YouHodler gives you a couple of alternatives to pick how you wish to back your loan. You can obtain a loan amount in fiat or Bitcoin– and you use numerous altcoins as collateral.

The preliminary application procedure works as follows:

Make a request utilizing your crypto assets as collateral
Instantly receive an agreed loan quantity in fiat (USD, EURO, and Stablecoins, Bitcoin).
As soon as you repay the loan, you will right away get the collateral back, despite whether its value has actually increased.

As you can see from the above, the process is as seamless as it could be. The company does not carry out any credit rating checks or take time to consider whether you are qualified for a loan. On the contrary, if you have sufficient security and a verified account, you are excellent to go.

 

How do you get paid on YouHodler?

  • Loan Terms and Amounts.

    YouHodler has various bundles for loans that feature predefined terms.

    There are three alternatives for loan periods:.

    30 days– 90% LTV.
    60 days– 70% LTV.
    180 days– 50% LTV.

    Your rate of interest is not determined by the quantity of collateral that you set up. Rather, it depends upon the type of strategy you pick.

    YouHodler uses the very same rates of interest for all its users. As the community grows, the company hopes that its interest rates will likewise drop accordingly. YouHodler likewise has an affiliate program to motivate its users to invite others to sign up with the platform to assist accelerate this objective.

     

    Pros of YouHodler:.
    Strong Security. YouHodler put in place many methods to keep your funds safe..
    Solid Insurance coverage. Crypto assets are guaranteed for approximately $150 million.
    Stablecoin Interest. YouHodler offers some of the best rates of interest for stablecoins.
    Distinct Functions. You’ll discover cool products such as the Multi HODL and the Turbocharge, which you won’t find anywhere else.
    Flexible Terms. You can increase the duration of your loans at any time.
    High LTV. The leading 20 coins can be utilized as collateral with 90% loan-to-value.

    Is CoinLoan safe?

     

    Cons of YouHodler:.
    Seniority. YouHodler was founded in 2018, which is quite current compared to its competitors.
    Currencies to Obtain. Depending on the currencies you use as collateral, you can only get loans in USD, EUR, GBP, and BTC..
    Year founded: 2018.
    Headquarters: Cyprus and Switzerland.
    Licenses: European Union Financial Commission.
    Currencies available to make interest: Fiat (USD, EUR, CHF, GBP), crypto (BTC), and stablecoin loans (USDT, USDC, TUSD, PAX, PAXG).
    Currencies readily available for loaning: BTC, BCH, BNB, ETH, LTC, XLM, XRP, DASH, HT, REP, and 15 other popular coins with the list growing.
    Type of service: Direct financing.

    Cryptocurrencies are unpredictable animals. To earn a profit, you have to be good at trading them or simply hold and hope your crypto gains in worth. Due to the fact that of volatility, neither approach is particularly easy to do.

    What if you could simply deposit your crypto somewhere and earn interest on it. This way, if the rate increases by a percentage or not at all, you can still make a profit. That’s what YouHodler does. It pays high interest on savings. Youhodler can handle that also considering that it lends out its crypto on deposits if you’re in the market for a crypto-backed loan. Let’s see how it works.

    YouHodler is a cryptocurrency exchange that specializes in crypto loaning and high-interest savings for Hodlers. YouHodler is based in Limassol, Limassol, Cyprus. Bitcoin Denominated Loans

    The business’s CEO is Ilya Volkov. YouHodler is a main Blockchain Association member of the Financial Commission. YouHodler is not available in the United States in addition to in about a dozen other nations.