Find Blockfi Blog – Cryptocurrency

Looking for Blockfi Blog…YouHodler is a Swiss-based company that acts as a crypto-backed loan provider. Among its primary concepts is that you can still HODL, without needing to wait on a spike to sell. It allows users to obtain fiat funds immediately, based on the worth of their cryptocurrency property holdings. Apart from that, one can convert crypto to crypto, crypto to fiat, and also engage with stablecoins. The most beneficial feature would be the option to withdraw fiat to a personal checking account or personal charge card. Users can likewise hold their cryptocurrency in a YouHodler savings account. It wouldn’t be improbable to think about YouHodler as a bank for your cryptocurrency. It is effective and quick, permitting users to move their crypto assets with ease. The platform concentrates on providing a well-rounded experience for its users. You will find everything that a crypto owner or a financier would perhaps require. To put it simply, YouHodler provides a range of services that lets you harness your digital properties. YouHodler Wallet YouHodler’s wallet is designed with simpleness and efficiency in mind. You can transfer your cryptocurrency, convert it to fiat, and hold the funds for financial investment purposes in your wallet. The business uses devoted wallet styles for Bitcoin and over 14 other popular cryptocurrencies.

Is YouHodler legitimate? Blockfi Blog

Maybe the most notable function at YouHodler is its ability to use you loans. A financier could consider these funding chances as a means of hedging. Crucially, it gives you access to a flexible path to go into 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 gets rid of a big part of the danger that accompanies financial investment choices.   YouHodler is certainly a leading player in this area– not least since it provides a top-rate loan-to-value ratio of approximately 90%. Outmatching its competitors, YouHodler accepts 15 different digital coins as security. Users can receive both immediate cash loans and crypto loans in USD, EURO, GBP, CHF, and even in Bitcoin( BTC) and Tether( USDT). The interest rates on crypto loans are relatively 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 procedure that YouHodler has in location.   YouHodler gives you a couple of choices to pick how you want to back your loan. You can request a loan amount in fiat or Bitcoin– and you use numerous altcoins as security. The preliminary application procedure works as follows: Make a request utilizing your crypto properties as security Immediately receive an agreed loan amount in fiat (USD, EURO, and Stablecoins, Bitcoin). As soon as you repay the loan, you will right away get the security back, regardless of whether its worth has actually 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 rating checks or require time to think about whether you are qualified 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 Quantities. YouHodler has different plans for loans that feature predefined terms. There are 3 choices for loan periods:. 1 month– 90% LTV. 60 days– 70% LTV. 180 days– 50% LTV. Your rates of interest is not determined by the quantity of collateral that you set up. Instead, it depends on the type of plan you select. YouHodler offers the exact same interest rate for all its users. As the neighborhood grows, the service provider hopes that its rate of interest will likewise drop appropriately. YouHodler likewise has an affiliate program to motivate its users to welcome others to sign up with the platform to assist accelerate this goal.   Pros of YouHodler:. Strong Security. YouHodler put in place numerous methods to keep your funds safe.. Strong Insurance. Crypto possessions are guaranteed for approximately $150 million. Stablecoin Interest. YouHodler uses a few of the very best rate of interest for stablecoins. Special Features. You’ll find cool items such as the Multi HODL and the Turbocharge, which you won’t discover 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 security with 90% loan-to-value.

    Is CoinLoan safe?

    Cons of YouHodler:. Seniority. YouHodler was founded in 2018, which is quite recent compared to its rivals. Currencies to Obtain. Depending on the currencies you use as collateral, 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 offered 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, REPRESENTATIVE, and 15 other popular coins with the list growing. Type of service: Direct lending. Cryptocurrencies are volatile animals. To make a profit, you need to be good at trading them or simply hold and hope your crypto gains in worth. Since of volatility, neither approach is especially easy to do. What if you might just transfer 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 deal with that also considering that it lends out its crypto on deposits. YouHodler is a cryptocurrency exchange that focuses on crypto financing and high-interest cost savings for Hodlers. YouHodler is based in Limassol, Limassol, Cyprus. Blockfi Blog The company’s CEO is Ilya Volkov. YouHodler is a main Blockchain Association member of the Financial Commission. YouHodler is not readily available in the United States in addition to in about a lots other nations.