Find Blockfi London – Cryptocurrency

Looking for Blockfi London…YouHodler is a Swiss-based business that acts as a crypto-backed loan provider. One of its primary ideas is that you can still HODL, without having to wait for a spike to sell.

It allows users to borrow fiat funds immediately, based upon the worth of their cryptocurrency asset 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 choice to withdraw fiat to a personal savings account or individual credit card. Users can likewise hold their cryptocurrency in a YouHodler savings account.

It wouldn’t be improbable to consider YouHodler as a bank for your cryptocurrency. It is effective and fast, permitting users to transfer 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 an investor would potentially need. In other words, YouHodler uses a variety of services that lets you harness your digital properties.

YouHodler Wallet

YouHodler’s wallet is designed with simpleness 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 company offers dedicated wallet designs for Bitcoin and over 14 other popular cryptocurrencies.

Is YouHodler legitimate? Blockfi London

Perhaps the most noteworthy function at YouHodler is its ability to offer you loans. An investor could consider these financing opportunities as a means of hedging. Most importantly, it gives you access to a versatile course to get in 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 removes a big part of the risk that accompanies investment choices.

 

YouHodler is undoubtedly a leading player in this area– 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 different digital coins as security.

Users can get both instantaneous 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 could get your interest rate 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 choose how you want to back your loan. You can make an application for a loan quantity in fiat or Bitcoin– and you use several altcoins as security.

The initial application procedure works as follows:

Make a request utilizing your crypto assets as security
Immediately get an agreed loan quantity in fiat (USD, EURO, and Stablecoins, Bitcoin).
Once 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 process is as seamless as it could be. The company does not carry out 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 verified account, you are good 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 alternatives for loan periods:.

    30 days– 90% LTV.
    60 days– 70% LTV.
    180 days– 50% LTV.

    Your rates of interest is not determined by the quantity of security that you put up. Rather, it depends on the kind of plan you choose.

    YouHodler offers the exact same rate of interest for all its users. As the neighborhood grows, the company hopes that its rate of interest will also drop accordingly. YouHodler also has an affiliate program to motivate its users to welcome others to join the platform to help accelerate this goal.

     

    Pros of YouHodler:.
    Strong Security. YouHodler put in place many methods to keep your funds safe..
    Strong Insurance coverage. Crypto assets are guaranteed for as much as $150 million.
    Stablecoin Interest. YouHodler offers some of the very best rates of interest for stablecoins.
    Special Features. You’ll discover cool products such as the Multi HODL and the Turbocharge, which you won’t find anywhere else.
    Versatile Terms. You can increase the period of your loans at any time.
    High LTV. The leading 20 coins can be used 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 competitors.
    Currencies to Obtain. Depending on the currencies you utilize as security, you can only get loans in USD, EUR, GBP, and BTC..
    Year established: 2018.
    Headquarters: Cyprus and Switzerland.
    Licenses: European Union Financial Commission.
    Currencies available to earn 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 make a profit, you have to be good at trading them or simply hold and hope your crypto gains in worth. Because of volatility, neither method is especially easy to do.

    What if you could simply transfer your crypto someplace and earn 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 likewise because it lends out its crypto on deposits.

    YouHodler is a cryptocurrency exchange that focuses on crypto loaning and high-interest savings for Hodlers. YouHodler is based in Limassol, Limassol, Cyprus. Blockfi London

    The business’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.