Find Blockfi Network – Cryptocurrency

Looking for Blockfi Network…YouHodler is a Swiss-based company that acts as a crypto-backed loan provider. Among its primary principles is that you can still HODL, without needing to wait on a spike to offer.

It allows users to borrow fiat funds quickly, based on the worth of their cryptocurrency asset holdings. Apart from that, one can convert crypto to crypto, crypto to fiat, and likewise engage with stablecoins.

The most advantageous function would be the choice to withdraw fiat to a personal bank account or individual charge card. Users can also hold their cryptocurrency in a YouHodler savings account.

It wouldn’t be far-fetched to consider YouHodler as a bank for your cryptocurrency. It is quick and efficient, allowing users to move their crypto possessions with ease.

The platform concentrates on providing a well-rounded experience for its users. You will find whatever that a crypto owner or a financier would perhaps need. To put it simply, YouHodler uses a range of services that lets you harness your digital assets.

YouHodler Wallet

YouHodler’s wallet is designed with simplicity 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 provides dedicated wallet designs for Bitcoin and over 14 other popular cryptocurrencies.

Is YouHodler legitimate? Blockfi Network

Possibly the most notable feature at YouHodler is its ability to offer you loans. A financier could think about these funding opportunities as a means of hedging. Crucially, it gives you access to a versatile course to go into 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 huge part of the danger that accompanies financial investment choices.

 

YouHodler is certainly a leading gamer in this space– not least due to the fact that it offers a top-rate loan-to-value ratio of as much as 90%. Exceeding its competitors, YouHodler accepts 15 various 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 rates of interest 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 gives you a couple of alternatives to pick how you want to back your loan. You can request a loan amount in fiat or Bitcoin– and you use multiple altcoins as collateral.

The initial application process works as follows:

Make a demand utilizing your crypto possessions as collateral
Instantly get an agreed loan quantity in fiat (USD, EURO, and Stablecoins, Bitcoin).
As soon as you pay back the loan, you will immediately get the security back, despite whether its worth has actually 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 some time to consider whether you are qualified for a loan. On the contrary, if you have enough security 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 come with predefined terms.

    There are 3 options for loan periods:.

    1 month– 90% LTV.
    60 days– 70% LTV.
    180 days– 50% LTV.

    Your interest rate is not figured out by the quantity of collateral that you put up. Rather, it depends upon the type of plan you select.

    YouHodler uses the same rate of interest for all its users. As the neighborhood grows, the provider hopes that its rates of interest will also drop accordingly. YouHodler likewise has an affiliate program to motivate its users to invite others to sign up with the platform to help accelerate this goal.

     

    Pros of YouHodler:.
    Strong Security. YouHodler put in place numerous ways to keep your funds safe..
    Strong Insurance coverage. Crypto assets are insured for as much as $150 million.
    Stablecoin Interest. YouHodler provides a few of the very best interest rates for stablecoins.
    Special Features. You’ll discover cool products such as the Multi HODL and the Turbocharge, which you will not find anywhere else.
    Flexible Terms. You can increase the period of your loans at any time.
    High LTV. The leading 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 Borrow. Depending on the currencies you utilize as security, you can only receive 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 readily available for loaning: BTC, BCH, BNB, ETH, LTC, XLM, XRP, DASH, HT, ASSOCIATE, and 15 other popular coins with the list growing.
    Kind of service: Direct lending.

    Cryptocurrencies are unstable creatures. To earn a profit, you have to be good at trading them or just hold and hope your crypto gains in value. Neither approach is particularly easy to do because of volatility.

    What if you might just deposit 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 handle that likewise since it loans out its crypto on deposits.

    YouHodler is a cryptocurrency exchange that specializes in crypto loaning and high-interest cost savings for Hodlers. YouHodler is based in Limassol, Limassol, Cyprus. Blockfi Network

    The business’s CEO is Ilya Volkov. YouHodler is an official Blockchain Association member of the Financial Commission. YouHodler is not readily available in the United States along with in about a lots other countries.