Find Blockfest – Cryptocurrency

Looking for Blockfest…YouHodler is a Swiss-based company that acts as a crypto-backed loan service provider. One of its main principles is that you can still HODL, without needing to await a spike to offer.

It enables users to borrow fiat funds immediately, 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 beneficial feature would be the alternative to withdraw fiat to a personal checking account or personal credit card. Users can likewise hold their cryptocurrency in a YouHodler savings account.

It wouldn’t be far-fetched to think about YouHodler as a bank for your cryptocurrency. It is quick and efficient, permitting users to move their crypto assets with ease.

The platform concentrates on providing a well-rounded experience for its users. You will discover whatever that a crypto owner or an investor would potentially require. In other words, YouHodler provides a variety of services that lets you harness your digital possessions.

YouHodler Wallet

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

Is YouHodler legitimate? Blockfest

Possibly the most notable function at YouHodler is its capability to provide you loans. A financier might consider these funding opportunities as a means of hedging. Crucially, it offers you access to a versatile course 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 eliminates a big part of the danger that accompanies investment choices.

 

YouHodler is certainly a leading gamer in this space– not least since it uses a top-rate loan-to-value ratio of up to 90%. Outpacing its rivals, YouHodler accepts 15 various digital coins as security.

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

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

 

YouHodler gives you a couple of alternatives to choose how you want to back your loan. You can make an application for a loan quantity in fiat or Bitcoin– and you utilize numerous altcoins as security.

The preliminary application process works as follows:

Make a request using your crypto properties as security
Instantly get an agreed loan amount in fiat (USD, EURO, and Stablecoins, Bitcoin).
When you pay back the loan, you will instantly get the security back, despite whether its worth has actually increased.

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

 

How do you get paid on YouHodler?

  • Loan Terms and Amounts.

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

    There are 3 alternatives for loan periods:.

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

    Your interest rate is not identified by the amount of collateral that you installed. Rather, it depends on the type of plan you choose.

    YouHodler provides the exact same rates of interest for all its users. As the neighborhood grows, the provider hopes that its interest rates will likewise drop accordingly. YouHodler likewise has an affiliate program to encourage its users to invite others to join the platform to assist accelerate this objective.

     

    Pros of YouHodler:.
    Strong Security. YouHodler put in place numerous ways to keep your funds safe..
    Solid Insurance. Crypto assets are insured for as much as $150 million.
    Stablecoin Interest. YouHodler offers a few of the best rates of interest for stablecoins.
    Distinct Functions. You’ll find cool products such as the Multi HODL and the Turbocharge, which you won’t discover anywhere else.
    Flexible Terms. You can increase the period of your loans at any time.
    High LTV. The leading 20 coins can be used 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 rivals.
    Currencies to Borrow. Depending upon the currencies you utilize as security, you can only receive loans in USD, EUR, GBP, and BTC..
    Year established: 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 offered for borrowing: BTC, BCH, BNB, ETH, LTC, XLM, XRP, DASH, HT, REPRESENTATIVE, and 15 other popular coins with the list growing.
    Type of service: Direct lending.

    Cryptocurrencies are unstable creatures. To earn a profit, you need to be good at trading them or simply hold and hope your crypto gains in worth. Because of volatility, neither technique is especially simple to do.

    If you could just transfer your crypto someplace and earn interest on it, what. By doing this, if the cost 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 cost savings. Youhodler can handle that also 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 specializes in crypto loaning and high-interest savings for Hodlers. YouHodler is based in Limassol, Limassol, Cyprus. Blockfest

    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 along with in about a dozen other countries.