Looking for Borrow Crypto Kucoin…YouHodler is a Swiss-based business that works as a crypto-backed loan company. One of its main concepts is that you can still HODL, without having to wait for a spike to sell.
It enables users to borrow fiat funds instantly, 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 useful function would be the alternative to withdraw fiat to a personal savings account or personal credit card. Users can likewise hold their cryptocurrency in a YouHodler savings account.
It would not be improbable to consider YouHodler as a bank for your cryptocurrency. It is fast and efficient, permitting users to move their crypto possessions with ease.
The platform concentrates on providing a well-rounded experience for its users. You will discover everything that a crypto owner or a financier would perhaps require. To put it simply, YouHodler uses a variety of services that lets you harness your digital possessions.
YouHodler’s wallet is developed with simpleness and effectiveness in mind. You can transfer your cryptocurrency, convert it to fiat, and hold the funds for financial investment functions in your wallet. The business uses devoted wallet designs for Bitcoin and over 14 other popular cryptocurrencies.
Is YouHodler legitimate? Borrow Crypto Kucoin
Possibly the most noteworthy function at YouHodler is its capability to use you loans. A financier might think about these funding chances as a means of hedging. Most importantly, it offers you access to a versatile course to get in 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 eliminates a big part of the threat that accompanies financial investment options.
YouHodler is undoubtedly a leading gamer in this space– not least because it offers a top-rate loan-to-value ratio of approximately 90%. Outpacing its rivals, YouHodler accepts 15 different digital coins as collateral.
Users can get both immediate money 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 place.
YouHodler provides you a couple of options to choose how you wish to back your loan. You can look for a loan amount in fiat or Bitcoin– and you utilize numerous altcoins as collateral.
The initial application procedure works as follows:
Make a request using your crypto assets as collateral
Instantly get an agreed loan amount in fiat (USD, EURO, and Stablecoins, Bitcoin).
When you pay back the loan, you will right away get the collateral 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 carry out any credit rating checks or take time to consider whether you are qualified for a loan. On the contrary, if you have enough collateral and a validated account, you are great to go.
How do you get paid on YouHodler?
Loan Terms and Amounts.
YouHodler has different bundles for loans that come with predefined terms.
There are three alternatives for loan durations:.
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 set up. Rather, it depends upon the kind of strategy you choose.
YouHodler provides the very same rates of interest for all its users. As the community grows, the company hopes that its rates of interest will also drop appropriately. YouHodler also has an affiliate program to motivate its users to welcome 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..
Solid Insurance. Crypto properties are guaranteed for approximately $150 million.
Stablecoin Interest. YouHodler offers a few of the best interest rates for stablecoins.
Unique Functions. You’ll discover cool items such as the Multi HODL and the Turbocharge, which you won’t 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 rivals.
Currencies to Obtain. Depending upon the currencies you utilize as security, you can only receive 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 borrowing: BTC, BCH, BNB, ETH, LTC, XLM, XRP, DASH, HT, REP, and 15 other popular coins with the list growing.
Kind of service: Direct loaning.
Cryptocurrencies are unpredictable creatures. To earn a profit, you need to be good at trading them or simply hold and hope your crypto gains in value. Due to the fact that of volatility, neither technique is especially simple to do.
What if you could simply deposit your crypto somewhere and make interest on it. This way, if the cost increases by a small amount or not at all, you can still earn a profit. That’s what YouHodler does. It pays high interest on cost savings. Youhodler can handle that also since 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 specializes in crypto loaning and high-interest cost savings for Hodlers. YouHodler is based in Limassol, Limassol, Cyprus. Borrow Crypto Kucoin
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 as well as in about a dozen other countries.