Looking for Blockfi App Down…YouHodler is a Swiss-based business that functions as a crypto-backed loan company. Among its main ideas is that you can still HODL, without having to await a spike to sell.
It enables users to borrow fiat funds quickly, 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 helpful function would be the choice to withdraw fiat to a personal bank account or individual credit card. Users can likewise 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 properties with ease.
The platform focuses on delivering a well-rounded experience for its users. You will discover everything that a crypto owner or an investor would perhaps need. To put it simply, YouHodler uses a range of services that lets you harness your digital assets.
YouHodler’s wallet is developed with simpleness and performance in mind. You can transfer your cryptocurrency, transform 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? Blockfi App Down
Perhaps the most notable feature at YouHodler is its ability to provide you loans. An investor could consider these financing chances as a means of hedging. Crucially, it gives 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 require it without touching your crypto portfolio at all. It removes a huge part of the risk that accompanies investment choices.
YouHodler is unquestionably a leading gamer in this space– not least because it offers a top-rate loan-to-value ratio of approximately 90%. Outpacing its rivals, YouHodler accepts 15 various digital coins as collateral.
Users can get both instantaneous 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 relatively 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 process that YouHodler has in place.
YouHodler gives you a few choices to choose how you wish to back your loan. You can make an application for a loan quantity in fiat or Bitcoin– and you use multiple altcoins as security.
The initial application process works as follows:
Make a request using your crypto properties as collateral
Instantly receive an agreed loan amount in fiat (USD, EURO, and Stablecoins, Bitcoin).
Once you pay back the loan, you will immediately get the security back, no matter whether its worth has actually increased.
As you can see from the above, the procedure is as smooth as it could be. The business does not carry out any credit score checks or take time to think about whether you are qualified for a loan. On the contrary, if you have adequate security and a verified account, you are excellent to go.
How do you get paid on YouHodler?
Loan Terms and Amounts.
YouHodler has various bundles for loans that include predefined terms.
There are 3 choices for loan durations:.
Thirty days– 90% LTV.
60 days– 70% LTV.
180 days– 50% LTV.
Your rate of interest is not identified by the amount of collateral that you installed. Instead, it depends on the type of strategy you choose.
YouHodler offers the exact same rate of interest for all its users. As the neighborhood grows, the supplier hopes that its interest rates will also drop accordingly. YouHodler also has an affiliate program to encourage its users to welcome others to sign up with the platform to assist accelerate this objective.
Pros of YouHodler:.
Strong Security. YouHodler put in place lots of ways to keep your funds safe..
Strong Insurance coverage. Crypto possessions are insured for approximately $150 million.
Stablecoin Interest. YouHodler offers a few of the best rate of interest for stablecoins.
Unique Functions. You’ll discover cool items such as the Multi HODL and the Turbocharge, which you will not find anywhere else.
Versatile Terms. You can increase the period of your loans at any time.
High LTV. The leading 20 coins can be utilized 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 rivals.
Currencies to Borrow. Depending upon the currencies you utilize as security, you can just get loans in USD, EUR, GBP, and BTC..
Year founded: 2018.
Head office: Cyprus and Switzerland.
Licenses: European Union Financial Commission.
Currencies readily 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, REP, and 15 other popular coins with the list growing.
Type of service: Direct loaning.
Cryptocurrencies are unpredictable animals. To make a profit, you have to be good at trading them or simply hold and hope your crypto gains in value. Neither method is especially easy to do because of volatility.
What if you might simply deposit your crypto someplace and earn interest on it. By doing this, if the price boosts by a percentage or not at all, you can still make a profit. That’s what YouHodler does. It pays high interest on savings. Youhodler can handle that also considering that 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 concentrates on crypto financing and high-interest cost savings for Hodlers. YouHodler is based in Limassol, Limassol, Cyprus. Blockfi App Down
The business’s CEO is Ilya Volkov. YouHodler is an official Blockchain Association member of the Financial Commission. YouHodler is not readily available in the United States along with in about a lots other countries.