Find Bitcoin Instead Of Savings Account – Cryptocurrency

Looking for Bitcoin Instead Of Savings Account…YouHodler is a Swiss-based business that works as a crypto-backed loan service provider. Among its primary concepts is that you can still HODL, without needing to wait on a spike to sell.

It enables users to borrow fiat funds instantly, based upon the value of their cryptocurrency possession holdings. Apart from that, one can convert crypto to crypto, crypto to fiat, and likewise engage with stablecoins.

The most useful function would be the option to withdraw fiat to an individual savings account or individual charge card. Users can likewise hold their cryptocurrency in a YouHodler savings account.

It would not be far-fetched to consider YouHodler as a bank for your cryptocurrency. It is quick and effective, enabling users to move their crypto assets with ease.

The platform concentrates on delivering a well-rounded experience for its users. You will find everything that a crypto owner or an investor would perhaps need. Simply put, YouHodler uses a variety of services that lets you harness your digital properties.

YouHodler Wallet

YouHodler’s wallet is designed with simplicity and performance in mind. You can move your cryptocurrency, transform it to fiat, and hold the funds for financial investment functions in your wallet. The company offers devoted wallet styles for Bitcoin and over 14 other popular cryptocurrencies.

Is YouHodler legitimate? Bitcoin Instead Of Savings Account

Possibly the most significant feature at YouHodler is its ability to provide you loans. An investor might think about these funding opportunities as a means of hedging. Crucially, it provides you access to a versatile path to go into the cryptocurrency trading markets.

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

 

YouHodler is certainly a leading gamer in this area– not least since it provides a top-rate loan-to-value ratio of approximately 90%. Surpassing its competitors, YouHodler accepts 15 different digital coins as collateral.

Users can get both immediate 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 fairly reasonably at 12% APR. If you are taking out a short-term loan, you might get your interest rate as low as 2.5%.

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

 

YouHodler gives you a couple of options to select how you want to back your loan. You can get a loan amount in fiat or Bitcoin– and you utilize multiple altcoins as security.

The preliminary application process works as follows:

Make a request utilizing your crypto properties as security
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 security back, no matter whether its value has increased.

As you can see from the above, the process is as seamless as it could be. The company does not perform any credit history checks or take time to think about whether you are eligible for a loan. On the contrary, if you have adequate collateral and a confirmed account, you are good to go.

 

How do you get paid on YouHodler?

  • Loan Terms and Quantities.

    YouHodler has various bundles for loans that include predefined terms.

    There are three choices for loan periods:.

    1 month– 90% LTV.
    60 days– 70% LTV.
    180 days– 50% LTV.

    Your rate of interest is not determined by the amount of security that you set up. Rather, it depends on the kind of strategy you pick.

    YouHodler offers the very same rate of interest for all its users. As the community grows, the company hopes that its interest rates will also drop accordingly. YouHodler also has an affiliate program to motivate its users to invite others to join the platform to assist accelerate this goal.

     

    Pros of YouHodler:.
    Strong Security. YouHodler put in place lots of methods to keep your funds safe..
    Strong Insurance. Crypto properties are insured for approximately $150 million.
    Stablecoin Interest. YouHodler uses some of the best interest rates for stablecoins.
    Distinct Features. You’ll discover cool products such as the Multi HODL and the Turbocharge, which you won’t discover anywhere else.
    Versatile Terms. You can increase the period of your loans at any time.
    High LTV. The top 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 recent compared to its rivals.
    Currencies to Borrow. Depending upon the currencies you use as security, you can only receive loans in USD, EUR, GBP, and BTC..
    Year established: 2018.
    Head office: 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 offered for borrowing: BTC, BCH, BNB, ETH, LTC, XLM, XRP, DASH, HT, REP, and 15 other popular coins with the list growing.
    Kind of service: Direct lending.

    Cryptocurrencies are unstable animals. To earn a profit, you have to be good at trading them or simply hold and hope your crypto gains in value. Neither technique is especially easy to do because of volatility.

    If you could simply deposit your crypto someplace and make interest on it, what. This way, if the cost boosts by a percentage or not at all, you can still earn a profit. That’s what YouHodler does. It pays high interest on cost savings. Youhodler can handle that likewise since 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 focuses on crypto financing and high-interest cost savings for Hodlers. YouHodler is based in Limassol, Limassol, Cyprus. Bitcoin Instead Of Savings Account

    The company’s CEO is Ilya Volkov. YouHodler is a main Blockchain Association member of the Financial Commission. YouHodler is not readily available in the United States along with in about a dozen other nations.