Looking for Blockfi Credit Card Singapore…YouHodler is a Swiss-based business that serves as a crypto-backed loan service provider. One of its main principles is that you can still HODL, without having to await a spike to sell.
It enables users to obtain fiat funds quickly, based upon the worth of their cryptocurrency possession holdings. Apart from that, one can transform crypto to crypto, crypto to fiat, and likewise engage with stablecoins.
The most beneficial feature would be the choice to withdraw fiat to an individual checking account or individual credit card. Users can also 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 efficient, enabling users to move their crypto possessions with ease.
The platform concentrates on delivering a well-rounded experience for its users. You will discover whatever that a crypto owner or a financier would perhaps need. In other words, YouHodler provides a range of services that lets you harness your digital properties.
YouHodler’s wallet is developed with simpleness and efficiency in mind. You can move your cryptocurrency, transform it to fiat, and hold the funds for financial investment functions in your wallet. The company provides dedicated wallet designs for Bitcoin and over 14 other popular cryptocurrencies.
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Possibly the most significant function at YouHodler is its ability to offer you loans. An investor might think about these financing opportunities as a means of hedging. Crucially, it gives you access to a flexible path to get in the cryptocurrency trading markets.
With a crypto-backed credit line, you can get fiat when you need it without touching your crypto portfolio at all. It removes a big part of the danger that accompanies financial investment options.
YouHodler is undoubtedly a leading player in this space– not least due to the fact that it uses a top-rate loan-to-value ratio of up to 90%. Outpacing its rivals, YouHodler accepts 15 various digital coins as collateral.
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 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 procedure that YouHodler has in place.
YouHodler offers you a few choices to select how you want to back your loan. You can apply for a loan quantity in fiat or Bitcoin– and you use numerous altcoins as collateral.
The preliminary application process works as follows:
Make a request 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 right away get the collateral back, regardless of whether its value has increased.
As you can see from the above, the process is as smooth as it could be. The business does not perform any credit report checks or take some time to think about whether you are eligible for a loan. On the contrary, if you have enough security and a validated account, you are good to go.
How do you get paid on YouHodler?
Loan Terms and Amounts.
YouHodler has various bundles for loans that come with predefined terms.
There are 3 alternatives for loan durations:.
Thirty days– 90% LTV.
60 days– 70% LTV.
180 days– 50% LTV.
Your rate of interest is not figured out by the quantity of security that you installed. Rather, it depends on the kind of strategy you pick.
YouHodler uses the very same rates of interest for all its users. As the community grows, the service provider hopes that its rate of interest will likewise drop accordingly. YouHodler likewise has an affiliate program to motivate 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 properties are guaranteed for up to $150 million.
Stablecoin Interest. YouHodler provides some of the very best interest rates for stablecoins.
Distinct Functions. You’ll find 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 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 current compared to its competitors.
Currencies to Obtain. Depending upon the currencies you use as collateral, you can only receive loans in USD, EUR, GBP, and BTC..
Year established: 2018.
Headquarters: 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 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 volatile animals. To earn a profit, you need to be proficient at trading them or just hold and hope your crypto gains in worth. Neither technique is especially easy to do because of volatility.
If you could simply transfer your crypto someplace and make interest on it, what. In this manner, if the price increases by a small amount or not at all, you can still earn a profit. That’s what YouHodler does. It pays high interest on savings. Youhodler can manage that likewise given that it loans 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 specializes in crypto loaning and high-interest savings for Hodlers. YouHodler is based in Limassol, Limassol, Cyprus. Blockfi Credit Card Singapore
The company’s CEO is Ilya Volkov. YouHodler is a main Blockchain Association member of the Financial Commission. YouHodler is not available in the United States as well as in about a lots other countries.