Looking for Blockfi Account Not Working…YouHodler is a Swiss-based business that functions as a crypto-backed loan company. One of its primary concepts is that you can still HODL, without having to wait on a spike to offer.
It enables users to borrow fiat funds quickly, based on the worth of their cryptocurrency property holdings. Apart from that, one can transform crypto to crypto, crypto to fiat, and likewise engage with stablecoins.
The most beneficial function would be the choice to withdraw fiat to an individual savings account or personal credit card. Users can also hold their cryptocurrency in a YouHodler savings account.
It would not be improbable to consider YouHodler as a bank for your cryptocurrency. It is fast and effective, enabling users to move their crypto possessions with ease.
The platform concentrates on providing a well-rounded experience for its users. You will discover whatever that a crypto owner or a financier would possibly require. In other words, YouHodler provides a variety of services that lets you harness your digital possessions.
YouHodler’s wallet is created with simplicity and performance in mind. You can transfer your cryptocurrency, convert it to fiat, and hold the funds for financial investment functions in your wallet. The company uses dedicated wallet designs for Bitcoin and over 14 other popular cryptocurrencies.
Is YouHodler legitimate? Blockfi Account Not Working
Maybe the most notable feature at YouHodler is its capability to offer you loans. A financier could think about these funding opportunities as a means of hedging. Crucially, it offers you access to a versatile course to get in the cryptocurrency trading markets.
With a crypto-backed credit line, you can get fiat when you require it without touching your crypto portfolio at all. It eliminates a huge part of the risk that accompanies investment options.
YouHodler is unquestionably a leading gamer in this area– not least since it provides a top-rate loan-to-value ratio of up to 90%. Exceeding its rivals, YouHodler accepts 15 different digital coins as security.
Users can receive both instant cash 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 fairly reasonably at 12% APR. If you are taking out a short-term loan, you could get your interest rate as low as 2.5%.
Now let’s break down the loan procedure that YouHodler has in location.
YouHodler gives you a few choices to choose how you want to back your loan. You can get a loan quantity in fiat or Bitcoin– and you use numerous altcoins as collateral.
The initial application process works as follows:
Make a request using your crypto possessions as security
Instantly receive an agreed loan quantity in fiat (USD, EURO, and Stablecoins, Bitcoin).
Once you repay the loan, you will immediately get the security back, despite whether its value has increased.
As you can see from the above, the process is as seamless as it could be. The business 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 security and a validated account, you are excellent to go.
How do you get paid on YouHodler?
Loan Terms and Amounts.
YouHodler has different bundles for loans that include predefined terms.
There are 3 choices for loan periods:.
One month– 90% LTV.
60 days– 70% LTV.
180 days– 50% LTV.
Your interest rate is not identified by the quantity of security that you put up. Instead, it depends upon the kind of plan you choose.
YouHodler provides the same rate of interest for all its users. As the neighborhood grows, the supplier hopes that its rate of interest will likewise drop accordingly. YouHodler likewise has an affiliate program to encourage its users to invite others to sign up with the platform to assist accelerate this goal.
Pros of YouHodler:.
Strong Security. YouHodler put in place numerous ways to keep your funds safe..
Strong Insurance coverage. Crypto properties are insured for up to $150 million.
Stablecoin Interest. YouHodler offers a few of the best interest rates for stablecoins.
Special 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 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 rather current compared to its competitors.
Currencies to Borrow. Depending on the currencies you use as collateral, 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 earn interest: Fiat (USD, EUR, CHF, GBP), crypto (BTC), and stablecoin loans (USDT, USDC, TUSD, PAX, PAXG).
Currencies available for loaning: 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 animals. To earn a profit, you need to be proficient at trading them or just hold and hope your crypto gains in value. Since of volatility, neither technique is especially simple to do.
What if you could simply deposit your crypto somewhere and earn interest on it. It pays high interest on cost savings. If you’re in the market for a crypto-backed loan, Youhodler can handle that likewise since it loans out its crypto on deposits.
YouHodler is a cryptocurrency exchange that concentrates on crypto loaning and high-interest cost savings for Hodlers. YouHodler is based in Limassol, Limassol, Cyprus. Blockfi Account Not Working
The company’s CEO is Ilya Volkov. YouHodler is a main Blockchain Association member of the Financial Commission. YouHodler is not offered in the United States in addition to in about a dozen other nations.