Looking for Blockfi Wiki…YouHodler is a Swiss-based company that acts as a crypto-backed loan company. One of its primary ideas is that you can still HODL, without having to wait for a spike to offer.
It permits users to obtain fiat funds instantly, based upon the worth of their cryptocurrency possession holdings. Apart from that, one can convert crypto to crypto, crypto to fiat, and also engage with stablecoins.
The most beneficial feature would be the alternative 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 far-fetched to consider YouHodler as a bank for your cryptocurrency. It is quick and efficient, enabling users to transfer their crypto possessions with ease.
The platform focuses on providing a well-rounded experience for its users. You will discover everything that a crypto owner or a financier would potentially need. Simply put, YouHodler offers a range of services that lets you harness your digital assets.
YouHodler’s wallet is developed with simpleness and effectiveness in mind. You can transfer your cryptocurrency, transform it to fiat, and hold the funds for financial investment functions in your wallet. The company offers dedicated wallet styles for Bitcoin and over 14 other popular cryptocurrencies.
Is YouHodler legitimate? Blockfi Wiki
Perhaps the most noteworthy feature at YouHodler is its capability to provide you loans. An investor might think about these funding chances as a means of hedging. Most importantly, it gives you access to a flexible course to enter 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 unquestionably a leading player in this area– not least since it offers a top-rate loan-to-value ratio of as much as 90%. Outmatching its rivals, YouHodler accepts 15 various digital coins as collateral.
Users can get both immediate cash loans and crypto loans in USD, EURO, GBP, CHF, and even in Bitcoin( BTC) and Tether( USDT). The rate of interest 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 procedure that YouHodler has in location.
YouHodler provides you a few alternatives to choose how you want to back your loan. You can look for a loan amount in fiat or Bitcoin– and you use several altcoins as security.
The initial application procedure works as follows:
Make a demand using your crypto possessions as security
Instantly receive an agreed loan amount in fiat (USD, EURO, and Stablecoins, Bitcoin).
As soon as you repay the loan, you will instantly get the security back, regardless of whether its value has increased.
As you can see from the above, the procedure is as smooth as it could be. The company does not perform any credit report checks or take some time to consider whether you are qualified for a loan. On the contrary, if you have sufficient collateral and a verified account, you are great to go.
How do you get paid on YouHodler?
Loan Terms and Amounts.
YouHodler has various bundles for loans that feature predefined terms.
There are three alternatives for loan periods:.
30 days– 90% LTV.
60 days– 70% LTV.
180 days– 50% LTV.
Your interest rate is not identified by the amount of collateral that you installed. Rather, it depends on the kind of strategy you pick.
YouHodler offers the very same rates of interest for all its users. As the community grows, the service provider hopes that its interest rates will also drop appropriately. YouHodler also has an affiliate program to encourage its users to welcome others to join the platform to assist accelerate this goal.
Pros of YouHodler:.
Strong Security. YouHodler put in place numerous ways to keep your funds safe..
Strong Insurance coverage. Crypto properties are insured for as much as $150 million.
Stablecoin Interest. YouHodler offers a few of the very best rate of interest for stablecoins.
Unique Functions. 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 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 rather current compared to its rivals.
Currencies to Obtain. Depending on the currencies you use 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 offered to earn interest: Fiat (USD, EUR, CHF, GBP), crypto (BTC), and stablecoin loans (USDT, USDC, TUSD, PAX, PAXG).
Currencies available for loaning: 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 unpredictable animals. To earn a profit, you need to be good at trading them or just hold and hope your crypto gains in worth. Neither technique is especially easy to do because of volatility.
What if you might just deposit your crypto somewhere and earn interest on it. This way, 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 cost savings. If you remain in the market for a crypto-backed loan, Youhodler can handle that also considering that it loans out its crypto on deposits. Let’s see how it works.
YouHodler is a cryptocurrency exchange that focuses on crypto lending and high-interest savings for Hodlers. YouHodler is based in Limassol, Limassol, Cyprus. Blockfi Wiki
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 dozen other countries.