Looking for Blockfi Account Number…YouHodler is a Swiss-based company that serves as a crypto-backed loan company. One of its primary concepts is that you can still HODL, without having to await a spike to offer.
It allows users to obtain fiat funds instantly, based upon the worth 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 function would be the option to withdraw fiat to an individual 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 fast and effective, enabling users to move their crypto assets with ease.
The platform focuses on providing a well-rounded experience for its users. You will find 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 properties.
YouHodler’s wallet is developed with simpleness and effectiveness in mind. You can transfer your cryptocurrency, convert it to fiat, and hold the funds for financial investment purposes in your wallet. The business provides devoted wallet styles for Bitcoin and over 14 other popular cryptocurrencies.
Is YouHodler legitimate? Blockfi Account Number
Perhaps the most significant feature at YouHodler is its ability to use you loans. An investor could consider these funding chances as a means of hedging. Crucially, it provides you access to a flexible 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 removes a huge part of the danger that accompanies financial investment options.
YouHodler is unquestionably a leading gamer 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 collateral.
Users can receive both instantaneous 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 interest rate as low as 2.5%.
Now let’s break down the loan procedure that YouHodler has in location.
YouHodler offers 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 use numerous altcoins as collateral.
The initial application process works as follows:
Make a demand using your crypto properties as security
Instantly get an agreed loan amount in fiat (USD, EURO, and Stablecoins, Bitcoin).
As soon as you pay back the loan, you will instantly get the collateral back, despite whether its value has actually increased.
As you can see from the above, the procedure is as seamless as it could be. The business does not perform any credit score checks or take time to think about whether you are qualified for a loan. On the contrary, if you have enough security and a confirmed account, you are excellent to go.
How do you get paid on YouHodler?
Loan Terms and Quantities.
YouHodler has various plans for loans that feature 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 identified by the amount of security that you installed. Instead, it depends on the kind of plan you select.
YouHodler offers the exact same rate of interest for all its users. As the community grows, the service provider hopes that its rate of interest 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 goal.
Pros of YouHodler:.
Strong Security. YouHodler put in place many methods to keep your funds safe..
Solid Insurance. Crypto possessions are insured for up to $150 million.
Stablecoin Interest. YouHodler offers a few of the best rates of interest for stablecoins.
Special Functions. You’ll find cool items such as the Multi HODL and the Turbocharge, which you will not discover anywhere else.
Versatile Terms. You can increase the duration 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 rather current compared to its competitors.
Currencies to Obtain. Depending on the currencies you use as security, you can just get loans in USD, EUR, GBP, and BTC..
Year established: 2018.
Head office: 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, REPRESENTATIVE, and 15 other popular coins with the list growing.
Type of service: Direct financing.
Cryptocurrencies are unpredictable creatures. To make a profit, you need to be good at trading them or just hold and hope your crypto gains in value. Since of volatility, neither method is especially easy to do.
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 handle that also since it loans out its crypto on deposits.
YouHodler is a cryptocurrency exchange that focuses on crypto loaning and high-interest savings for Hodlers. YouHodler is based in Limassol, Limassol, Cyprus. Blockfi Account Number
The business’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.