Looking for Blockfi Bitcoin Kaufen…YouHodler is a Swiss-based business that works as a crypto-backed loan provider. One of its primary concepts is that you can still HODL, without needing to wait on a spike to offer.
It permits users to borrow fiat funds quickly, based upon the value 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 option to withdraw fiat to an individual bank account or personal charge card. Users can also 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, enabling users to move their crypto properties with ease.
The platform focuses on providing a well-rounded experience for its users. You will discover everything that a crypto owner or an investor would potentially require. To put it simply, YouHodler provides a range of services that lets you harness your digital properties.
YouHodler’s wallet is created with simpleness and efficiency in mind. You can transfer your cryptocurrency, convert it to fiat, and hold the funds for financial investment functions in your wallet. The business offers dedicated wallet styles for Bitcoin and over 14 other popular cryptocurrencies.
Is YouHodler legitimate? Blockfi Bitcoin Kaufen
Maybe the most significant feature at YouHodler is its ability to use you loans. An investor might think about these funding opportunities as a means of hedging. Most importantly, it provides you access to a versatile path to get in the cryptocurrency trading markets.
With a crypto-backed line of credit, you can get fiat when you require it without touching your crypto portfolio at all. It eliminates a big part of the risk that accompanies financial investment options.
YouHodler is undoubtedly a leading player in this area– not least since it offers a top-rate loan-to-value ratio of up to 90%. Outmatching 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 rate of interest on crypto loans are relatively 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 offers you a few options to choose how you wish to back your loan. You can request a loan quantity in fiat or Bitcoin– and you utilize numerous altcoins as security.
The preliminary application process works as follows:
Make a request utilizing your crypto possessions as collateral
Instantly receive an agreed loan amount in fiat (USD, EURO, and Stablecoins, Bitcoin).
When you repay the loan, you will right away get the collateral back, regardless of whether its worth has 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 history checks or require time to think about whether you are eligible for a loan. On the contrary, if you have sufficient collateral and a validated account, you are excellent to go.
How do you get paid on YouHodler?
Loan Terms and Amounts.
YouHodler has different packages for loans that include predefined terms.
There are 3 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 collateral that you installed. Instead, it depends on the kind of strategy you pick.
YouHodler provides the exact same rate of interest for all its users. As the community grows, the provider hopes that its interest rates will also drop appropriately. YouHodler likewise has an affiliate program to encourage its users to welcome others to join the platform to help accelerate this objective.
Pros of YouHodler:.
Strong Security. YouHodler put in place numerous methods to keep your funds safe..
Strong Insurance coverage. Crypto possessions are guaranteed for approximately $150 million.
Stablecoin Interest. YouHodler uses a few of the best rate of interest for stablecoins.
Unique Features. You’ll discover cool products such as the Multi HODL and the Turbocharge, which you won’t find anywhere else.
Flexible Terms. You can increase the period of your loans at any time.
High LTV. The top 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 recent compared to its competitors.
Currencies to Borrow. Depending upon the currencies you utilize as security, you can only get loans in USD, EUR, GBP, and BTC..
Year established: 2018.
Head office: Cyprus and Switzerland.
Licenses: European Union Financial Commission.
Currencies readily available to make interest: Fiat (USD, EUR, CHF, GBP), crypto (BTC), and stablecoin loans (USDT, USDC, TUSD, PAX, PAXG).
Currencies offered for loaning: 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 volatile creatures. To earn a profit, you have to be good at trading them or just hold and hope your crypto gains in worth. Since of volatility, neither approach 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 manage that also because 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 Bitcoin Kaufen
The company’s CEO is Ilya Volkov. YouHodler is an official Blockchain Association member of the Financial Commission. YouHodler is not offered in the United States in addition to in about a dozen other countries.