Looking for Blockfi Account Delete…YouHodler is a Swiss-based company that serves as a crypto-backed loan provider. One of its main concepts is that you can still HODL, without needing to await a spike to offer.
It enables users to obtain fiat funds instantly, based upon the value of their cryptocurrency asset holdings. Apart from that, one can convert crypto to crypto, crypto to fiat, and likewise engage with stablecoins.
The most useful feature would be the choice to withdraw fiat to an individual checking account or individual credit card. Users can likewise hold their cryptocurrency in a YouHodler savings account.
It wouldn’t be improbable to consider YouHodler as a bank for your cryptocurrency. It is efficient and fast, enabling users to move their crypto possessions with ease.
The platform concentrates on providing a well-rounded experience for its users. You will discover everything 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’s wallet is developed with simpleness and effectiveness in mind. You can move your cryptocurrency, transform it to fiat, and hold the funds for investment purposes in your wallet. The company offers devoted wallet styles for Bitcoin and over 14 other popular cryptocurrencies.
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Perhaps the most noteworthy function at YouHodler is its ability to provide you loans. An investor could consider these funding chances as a means of hedging. Most importantly, it provides you access to a flexible course to get in 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 removes a huge part of the threat that accompanies financial investment options.
YouHodler is undoubtedly a leading player in this space– not least due to the fact that it uses a top-rate loan-to-value ratio of as much as 90%. Exceeding its rivals, YouHodler accepts 15 different 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 rate of interest on crypto loans are fairly 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 location.
YouHodler gives you a few choices to pick how you wish to back your loan. You can look for a loan quantity in fiat or Bitcoin– and you utilize several altcoins as collateral.
The preliminary application process works as follows:
Make a demand utilizing your crypto properties as security
Quickly receive an agreed loan amount in fiat (USD, EURO, and Stablecoins, Bitcoin).
When you repay the loan, you will right away get the security back, regardless of whether its value has increased.
As you can see from the above, the procedure is as seamless as it could be. The business does not carry out any credit rating checks or take time to think about whether you are eligible for a loan. On the contrary, if you have adequate security and a confirmed account, you are good to go.
How do you get paid on YouHodler?
Loan Terms and Amounts.
YouHodler has various packages for loans that feature 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 security that you installed. Instead, it depends on the type of plan you select.
YouHodler offers the very same rates of interest for all its users. As the community grows, the supplier hopes that its interest rates will also drop appropriately. YouHodler also has an affiliate program to encourage its users to welcome 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 properties are guaranteed for up to $150 million.
Stablecoin Interest. YouHodler uses a few of the very best rate of interest for stablecoins.
Distinct Features. You’ll discover cool products such as the Multi HODL and the Turbocharge, which you won’t find anywhere else.
Versatile Terms. You can increase the duration of your loans at any time.
High LTV. The top 20 coins can be used as security 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 just get loans in USD, EUR, GBP, and BTC..
Year established: 2018.
Headquarters: Cyprus and Switzerland.
Licenses: European Union Financial Commission.
Currencies offered to earn interest: Fiat (USD, EUR, CHF, GBP), crypto (BTC), and stablecoin loans (USDT, USDC, TUSD, PAX, PAXG).
Currencies readily available 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 loaning.
Cryptocurrencies are volatile creatures. To earn a profit, you need to be good at trading them or just hold and hope your crypto gains in value. Neither technique is particularly easy to do because of volatility.
What if you could simply deposit your crypto someplace and make interest on it. It pays high interest on savings. If you’re in the market for a crypto-backed loan, Youhodler can deal with that likewise given that it lends out its crypto on deposits.
YouHodler is a cryptocurrency exchange that specializes in crypto loaning and high-interest cost savings for Hodlers. YouHodler is based in Limassol, Limassol, Cyprus. Blockfi Account Delete
The company’s CEO is Ilya Volkov. YouHodler is an official Blockchain Association member of the Financial Commission. YouHodler is not available in the United States along with in about a dozen other nations.