Looking for Buy Bitcoins Without A Loan…YouHodler is a Swiss-based business that works as a crypto-backed loan service provider. Among its primary principles is that you can still HODL, without having to await a spike to sell.
It enables users to borrow fiat funds immediately, based on the value of their cryptocurrency property holdings. Apart from that, one can transform crypto to crypto, crypto to fiat, and likewise engage with stablecoins.
The most advantageous feature would be the alternative to withdraw fiat to an individual bank account or personal charge card. Users can likewise 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 effective and quick, permitting users to move their crypto properties with ease.
The platform focuses on delivering a well-rounded experience for its users. You will find whatever that a crypto owner or a financier would perhaps require. In other words, YouHodler provides a range of services that lets you harness your digital properties.
YouHodler’s wallet is developed with simpleness and effectiveness in mind. You can move your cryptocurrency, transform it to fiat, and hold the funds for investment functions in your wallet. The company offers devoted wallet designs for Bitcoin and over 14 other popular cryptocurrencies.
Is YouHodler legitimate? Buy Bitcoins Without A Loan
Perhaps the most notable function at YouHodler is its ability to offer you loans. A financier could think about these financing chances as a means of hedging. Most importantly, it gives you access to a versatile path to go into 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 gets rid of a big part of the danger that accompanies investment options.
YouHodler is certainly a leading player in this space– not least since it provides a top-rate loan-to-value ratio of as much as 90%. Exceeding its competitors, YouHodler accepts 15 different 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 interest rates on crypto loans are relatively reasonably at 12% APR. If you are taking out a short-term loan, you might get your rates of interest as low as 2.5%.
Now let’s break down the loan process that YouHodler has in place.
YouHodler provides you a few options to select how you want to back your loan. You can make an application for a loan quantity in fiat or Bitcoin– and you utilize numerous altcoins as security.
The preliminary application process works as follows:
Make a request using your crypto properties as collateral
Instantly get an agreed loan quantity in fiat (USD, EURO, and Stablecoins, Bitcoin).
Once you pay back the loan, you will immediately get the security back, no matter whether its value has actually increased.
As you can see from the above, the procedure is as seamless as it could be. The business does not carry out any credit history checks or take time to think about whether you are eligible for a loan. On the contrary, if you have sufficient security and a confirmed account, you are excellent 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 durations:.
One month– 90% LTV.
60 days– 70% LTV.
180 days– 50% LTV.
Your rates of interest is not determined by the amount of collateral that you set up. Instead, it depends upon the type of strategy you select.
YouHodler offers the very same rates of interest for all its users. As the neighborhood grows, the service provider hopes that its rates of interest will likewise drop accordingly. YouHodler also has an affiliate program to motivate its users to welcome others to sign up with the platform to assist accelerate this goal.
Pros of YouHodler:.
Strong Security. YouHodler put in place many ways to keep your funds safe..
Strong Insurance. Crypto possessions are insured for up to $150 million.
Stablecoin Interest. YouHodler offers some of the best rates of interest for stablecoins.
Distinct Functions. You’ll discover cool items such as the Multi HODL and the Turbocharge, which you won’t discover anywhere else.
Versatile Terms. You can increase the duration of your loans at any time.
High LTV. The top 20 coins can be utilized as collateral 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 collateral, you can just receive loans in USD, EUR, GBP, and BTC..
Year founded: 2018.
Head office: Cyprus and Switzerland.
Licenses: European Union Financial Commission.
Currencies offered to make 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, REPRESENTATIVE, and 15 other popular coins with the list growing.
Type of service: Direct loaning.
Cryptocurrencies are unstable animals. To earn a profit, you have to be proficient at trading them or simply hold and hope your crypto gains in worth. Neither method is especially easy to do because of volatility.
What if you might just transfer your crypto someplace and make 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 considering that it lends out its crypto on deposits.
YouHodler is a cryptocurrency exchange that specializes in crypto financing and high-interest cost savings for Hodlers. YouHodler is based in Limassol, Limassol, Cyprus. Buy Bitcoins Without A Loan
The business’s CEO is Ilya Volkov. YouHodler is a main Blockchain Association member of the Financial Commission. YouHodler is not available in the United States in addition to in about a dozen other countries.