Looking for Blockfi Token…YouHodler is a Swiss-based business that works as a crypto-backed loan provider. Among its primary ideas is that you can still HODL, without needing to wait on a spike to sell.
It permits users to obtain fiat funds immediately, based on the worth of their cryptocurrency asset holdings. Apart from that, one can transform crypto to crypto, crypto to fiat, and also engage with stablecoins.
The most advantageous feature would be the option to withdraw fiat to an individual checking account or individual charge card. Users can also hold their cryptocurrency in a YouHodler savings account.
It would not be improbable to consider YouHodler as a bank for your cryptocurrency. It is quick and effective, allowing users to transfer their crypto properties with ease.
The platform concentrates on delivering 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 provides a range of services that lets you harness your digital properties.
YouHodler’s wallet is designed with simpleness and performance in mind. You can transfer your cryptocurrency, convert it to fiat, and hold the funds for financial investment functions in your wallet. The company uses dedicated wallet designs for Bitcoin and over 14 other popular cryptocurrencies.
Is YouHodler legitimate? Blockfi Token
Perhaps the most notable feature at YouHodler is its capability to use you loans. An investor could consider these financing opportunities as a means of hedging. Crucially, it provides 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 eliminates a big part of the threat that accompanies financial investment options.
YouHodler is undoubtedly a leading gamer in this area– not least due to the fact that it uses a top-rate loan-to-value ratio of as much as 90%. Surpassing its rivals, YouHodler accepts 15 various digital coins as security.
Users can receive both instant 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 location.
YouHodler offers you a few choices to choose how you wish to back your loan. You can make an application for a loan quantity in fiat or Bitcoin– and you utilize numerous altcoins as collateral.
The preliminary application procedure works as follows:
Make a demand using your crypto assets as collateral
Instantly receive an agreed loan quantity in fiat (USD, EURO, and Stablecoins, Bitcoin).
Once you pay back the loan, you will right away get the collateral back, regardless of whether its value has actually increased.
As you can see from the above, the process is as smooth as it could be. The company does not carry out any credit report checks or require time to consider whether you are eligible for a loan. On the contrary, if you have enough collateral and a confirmed account, you are great to go.
How do you get paid on YouHodler?
Loan Terms and Quantities.
YouHodler has various plans for loans that feature predefined terms.
There are 3 options for loan periods:.
1 month– 90% LTV.
60 days– 70% LTV.
180 days– 50% LTV.
Your rate of interest is not figured out by the quantity of collateral that you set up. Rather, it depends upon the kind of plan you pick.
YouHodler uses the very same rate of interest for all its users. As the community grows, the company hopes that its rate of interest will likewise drop appropriately. YouHodler also 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 many methods to keep your funds safe..
Strong Insurance. Crypto possessions are guaranteed for up to $150 million.
Stablecoin Interest. YouHodler provides some of the best rate of interest for stablecoins.
Distinct Features. You’ll find cool products such as the Multi HODL and the Turbocharge, which you will not find anywhere else.
Flexible Terms. You can increase the duration of your loans at any time.
High LTV. The top 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 rather current compared to its competitors.
Currencies to Borrow. Depending on the currencies you utilize as security, you can only get loans in USD, EUR, GBP, and BTC..
Year founded: 2018.
Headquarters: Cyprus and Switzerland.
Licenses: European Union Financial Commission.
Currencies readily available to earn 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, REP, and 15 other popular coins with the list growing.
Type of service: Direct loaning.
Cryptocurrencies are volatile animals. To make a profit, you have to be good at trading them or just hold and hope your crypto gains in worth. Neither method is particularly easy to do because of volatility.
What if you might simply transfer your crypto somewhere and make interest on it. It pays high interest on cost savings. If you’re in the market for a crypto-backed loan, Youhodler can manage that also given that 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 Token
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 along with in about a lots other countries.