Looking for Blockfi Crypto Account…YouHodler is a Swiss-based business that serves as a crypto-backed loan provider. Among its main ideas is that you can still HODL, without having to wait on a spike to sell.
It enables users to obtain fiat funds instantly, based on 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 a personal checking account or personal credit card. Users can likewise 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 efficient and fast, permitting users to transfer 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 possibly need. In other words, YouHodler offers a range of services that lets you harness your digital possessions.
YouHodler’s wallet is created with simplicity and efficiency in mind. You can move your cryptocurrency, transform it to fiat, and hold the funds for financial investment purposes in your wallet. The business provides devoted wallet designs for Bitcoin and over 14 other popular cryptocurrencies.
Is YouHodler legitimate? Blockfi Crypto Account
Possibly the most noteworthy feature at YouHodler is its capability to provide you loans. An investor might think about these funding opportunities as a means of hedging. Crucially, it offers you access to a versatile path to go into 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 eliminates a big part of the danger that accompanies investment choices.
YouHodler is unquestionably a leading player in this area– not least due to the fact that it provides a top-rate loan-to-value ratio of approximately 90%. Exceeding its rivals, YouHodler accepts 15 different digital coins as collateral.
Users can receive both instant money 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 fairly 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 choices to pick how you wish to back your loan. You can apply for a loan amount in fiat or Bitcoin– and you utilize multiple altcoins as security.
The initial application procedure works as follows:
Make a request using your crypto properties as collateral
Quickly get an agreed loan amount in fiat (USD, EURO, and Stablecoins, Bitcoin).
When you repay the loan, you will right away get the security back, regardless of whether its value has actually increased.
As you can see from the above, the procedure is as smooth as it could be. The business does not perform any credit history checks or take time to consider whether you are qualified for a loan. On the contrary, if you have adequate security and a verified account, you are great to go.
How do you get paid on YouHodler?
Loan Terms and Amounts.
YouHodler has different plans for loans that feature predefined terms.
There are three alternatives for loan durations:.
One month– 90% LTV.
60 days– 70% LTV.
180 days– 50% LTV.
Your rate of interest is not figured out by the amount of collateral that you installed. Instead, it depends on the kind of strategy you pick.
YouHodler provides the very same rates of interest for all its users. As the community grows, the supplier hopes that its interest rates will likewise drop accordingly. YouHodler also has an affiliate program to encourage its users to invite 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 insured for as much as $150 million.
Stablecoin Interest. YouHodler uses a few of the very best rate of interest for stablecoins.
Distinct Functions. You’ll find cool products 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 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 rivals.
Currencies to Obtain. Depending upon the currencies you utilize as collateral, 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 offered 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 financing.
Cryptocurrencies are unstable creatures. To make a profit, you need to be proficient at trading them or simply hold and hope your crypto gains in value. Neither technique is particularly easy to do because of volatility.
If you could just deposit your crypto somewhere and make interest on it, what. By doing this, if the price increases 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 likewise given 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 focuses on crypto financing and high-interest savings for Hodlers. YouHodler is based in Limassol, Limassol, Cyprus. Blockfi Crypto Account
The business’s CEO is Ilya Volkov. YouHodler is a main Blockchain Association member of the Financial Commission. YouHodler is not offered in the United States in addition to in about a dozen other nations.