Looking for Blockfi Bitcoin Rates…YouHodler is a Swiss-based company that works as a crypto-backed loan provider. Among its primary ideas is that you can still HODL, without needing to wait for a spike to sell.
It enables users to borrow fiat funds instantly, based upon the worth of their cryptocurrency asset holdings. Apart from that, one can convert crypto to crypto, crypto to fiat, and also engage with stablecoins.
The most advantageous function would be the alternative to withdraw fiat to a personal bank account or personal credit card. Users can also hold their cryptocurrency in a YouHodler savings account.
It would not be improbable to think about 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 providing a well-rounded experience for its users. You will find everything that a crypto owner or an investor would perhaps need. Simply put, YouHodler offers a variety of services that lets you harness your digital possessions.
YouHodler’s wallet is designed with simplicity and efficiency in mind. You can move your cryptocurrency, convert it to fiat, and hold the funds for investment functions in your wallet. The company provides dedicated wallet designs for Bitcoin and over 14 other popular cryptocurrencies.
Is YouHodler legitimate? Blockfi Bitcoin Rates
Maybe the most noteworthy function at YouHodler is its capability to provide you loans. A financier could consider these financing opportunities as a means of hedging. Most importantly, it gives you access to a versatile path to enter 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 gets rid of a huge part of the threat that accompanies investment choices.
YouHodler is certainly a leading player in this area– not least because it uses a top-rate loan-to-value ratio of approximately 90%. Exceeding its competitors, YouHodler accepts 15 different digital coins as security.
Users can get both immediate money loans and crypto loans in USD, EURO, GBP, CHF, and even in Bitcoin( BTC) and Tether( USDT). The interest rates on crypto loans are fairly reasonably at 12% APR. If you are taking out a short-term loan, you might get your interest rate as low as 2.5%.
Now let’s break down the loan process that YouHodler has in location.
YouHodler provides you a couple of choices to choose how you want to back your loan. You can get a loan quantity in fiat or Bitcoin– and you use multiple altcoins as security.
The preliminary application procedure works as follows:
Make a request using your crypto assets as collateral
Immediately receive an agreed loan quantity in fiat (USD, EURO, and Stablecoins, Bitcoin).
When you repay the loan, you will immediately get the collateral back, regardless of whether its worth has increased.
As you can see from the above, the procedure is as seamless as it could be. The company does not perform any credit report checks or take time to consider whether you are eligible for a loan. On the contrary, if you have sufficient collateral and a confirmed account, you are good 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 three alternatives for loan periods:.
Thirty days– 90% LTV.
60 days– 70% LTV.
180 days– 50% LTV.
Your interest rate is not identified by the amount of collateral that you set up. Rather, it depends on the kind of strategy you pick.
YouHodler offers the same rate of interest for all its users. As the community grows, the company hopes that its interest rates will likewise drop accordingly. YouHodler also has an affiliate program to motivate its users to invite others to sign up with the platform to assist accelerate this objective.
Pros of YouHodler:.
Strong Security. YouHodler put in place numerous ways to keep your funds safe..
Strong Insurance coverage. Crypto properties are insured for approximately $150 million.
Stablecoin Interest. YouHodler offers a few of the best rates of interest for stablecoins.
Special Functions. You’ll find cool products such as the Multi HODL and the Turbocharge, which you won’t find anywhere else.
Flexible Terms. You can increase the duration of your loans at any time.
High LTV. The top 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 rivals.
Currencies to Borrow. Depending on the currencies you utilize as collateral, you can just receive loans in USD, EUR, GBP, and BTC..
Year established: 2018.
Head office: Cyprus and Switzerland.
Licenses: European Union Financial Commission.
Currencies available to make 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.
Type of service: Direct lending.
Cryptocurrencies are unpredictable animals. To earn a profit, you need to be good at trading them or simply hold and hope your crypto gains in worth. Neither method is especially easy to do because of volatility.
If you might simply deposit your crypto someplace and make interest on it, what. In this manner, if the rate boosts by a percentage or not at all, you can still earn a profit. That’s what YouHodler does. It pays high interest on cost savings. Youhodler can manage 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 Bitcoin Rates
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 as well as in about a lots other nations.