Find Bitcoin Loan Reviews – Cryptocurrency

Looking for Bitcoin Loan Reviews…YouHodler is a Swiss-based company that functions as a crypto-backed loan provider. Among its main concepts is that you can still HODL, without needing to wait on a spike to sell.

It allows users to obtain fiat funds quickly, based upon the value of their cryptocurrency possession holdings. Apart from that, one can transform crypto to crypto, crypto to fiat, and likewise engage with stablecoins.

The most helpful function would be the choice to withdraw fiat to a personal checking account or individual credit card. Users can likewise hold their cryptocurrency in a YouHodler savings account.

It would not be far-fetched to think about YouHodler as a bank for your cryptocurrency. It is effective and fast, enabling users to transfer their crypto assets with ease.

The platform concentrates on providing a well-rounded experience for its users. You will find whatever that a crypto owner or a financier would possibly need. In other words, YouHodler uses a range of services that lets you harness your digital possessions.

YouHodler Wallet

YouHodler’s wallet is developed with simplicity and efficiency in mind. You can transfer your cryptocurrency, convert it to fiat, and hold the funds for investment purposes in your wallet. The business offers devoted wallet styles for Bitcoin and over 14 other popular cryptocurrencies.

Is YouHodler legitimate? Bitcoin Loan Reviews

Possibly the most notable feature at YouHodler is its capability to provide you loans. An investor might consider these funding opportunities as a means of hedging. Most importantly, it offers you access to a flexible course to get in the cryptocurrency trading markets.

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

 

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

Users can get both instant money loans and crypto loans in USD, EURO, GBP, CHF, and even in Bitcoin( BTC) and Tether( USDT). The rates of interest 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 offers you a couple of options to choose how you want to back your loan. You can request a loan amount in fiat or Bitcoin– and you use several altcoins as collateral.

The preliminary application process works as follows:

Make a demand utilizing your crypto assets as collateral
Immediately receive an agreed loan quantity in fiat (USD, EURO, and Stablecoins, Bitcoin).
Once you repay the loan, you will immediately get the collateral back, despite whether its value has actually increased.

As you can see from the above, the procedure is as smooth as it could be. The company does not carry out any credit rating checks or take time to consider whether you are eligible for a loan. On the contrary, if you have enough collateral and a confirmed account, you are great to go.

 

How do you get paid on YouHodler?

  • Loan Terms and Amounts.

    YouHodler has different plans for loans that come with predefined terms.

    There are three options for loan durations:.

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

    Your rates of interest is not determined by the quantity of collateral that you put up. Rather, it depends on the kind of strategy you select.

    YouHodler uses the exact same interest rate for all its users. As the community grows, the supplier hopes that its interest rates will likewise drop accordingly. YouHodler also has an affiliate program to motivate its users to welcome others to sign up with the platform to assist accelerate this goal.

     

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

    Is CoinLoan safe?

     

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

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

    If you could simply deposit your crypto someplace and make interest on it, what. In this manner, if the rate boosts by a small amount or not at all, you can still earn a profit. That’s what YouHodler does. It pays high interest on savings. If you remain in the marketplace for a crypto-backed loan, Youhodler can handle that likewise since it lends out its crypto on deposits. Let’s see how it works.

    YouHodler is a cryptocurrency exchange that concentrates on crypto loaning and high-interest savings for Hodlers. YouHodler is based in Limassol, Limassol, Cyprus. Bitcoin Loan Reviews

    The company’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 countries.