Looking for Can I Lend My Crypto Lending Site On Us…YouHodler is a Swiss-based business that acts as a crypto-backed loan service provider. Among its primary principles is that you can still HODL, without needing to await a spike to sell.
It allows users to borrow fiat funds quickly, based upon the value of their cryptocurrency property holdings. Apart from that, one can convert crypto to crypto, crypto to fiat, and also engage with stablecoins.
The most helpful feature would be the option to withdraw fiat to a personal checking account or personal charge card. Users can likewise hold their cryptocurrency in a YouHodler savings account.
It wouldn’t be far-fetched to think about YouHodler as a bank for your cryptocurrency. It is fast and efficient, permitting users to move their crypto properties with ease.
The platform focuses on providing a well-rounded experience for its users. You will find everything that a crypto owner or an investor would perhaps need. Simply put, YouHodler provides a variety of services that lets you harness your digital assets.
YouHodler’s wallet is created with simpleness and effectiveness in mind. You can move your cryptocurrency, transform it to fiat, and hold the funds for financial investment functions in your wallet. The business uses dedicated wallet designs for Bitcoin and over 14 other popular cryptocurrencies.
Is YouHodler legitimate? Can I Lend My Crypto Lending Site On Us
Maybe the most significant feature at YouHodler is its capability to provide you loans. A financier might think about these funding chances as a means of hedging. Crucially, it offers you access to a flexible course to get in 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 gets rid of a big part of the danger that accompanies investment options.
YouHodler is unquestionably a leading gamer in this space– not least because it provides a top-rate loan-to-value ratio of approximately 90%. Outpacing its rivals, YouHodler accepts 15 different digital coins as security.
Users can receive both instant money 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 might get your rates of interest as low as 2.5%.
Now let’s break down the loan procedure that YouHodler has in location.
YouHodler gives you a few options to select how you want to back your loan. You can request a loan amount in fiat or Bitcoin– and you use multiple altcoins as security.
The preliminary application process works as follows:
Make a demand using your crypto possessions as security
Quickly get an agreed loan amount in fiat (USD, EURO, and Stablecoins, Bitcoin).
When you pay back the loan, you will instantly get the security back, despite whether its value has increased.
As you can see from the above, the process 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 qualified for a loan. On the contrary, if you have sufficient security and a confirmed account, you are good to go.
How do you get paid on YouHodler?
Loan Terms and Quantities.
YouHodler has various bundles for loans that feature predefined terms.
There are 3 alternatives for loan periods:.
Thirty days– 90% LTV.
60 days– 70% LTV.
180 days– 50% LTV.
Your rates of interest is not figured out by the quantity of security that you set up. Rather, it depends upon the type of strategy you select.
YouHodler offers the exact same rates of interest for all its users. As the neighborhood grows, the provider hopes that its rates of interest will also drop accordingly. YouHodler also has an affiliate program to encourage its users to welcome others to join the platform to help accelerate this objective.
Pros of YouHodler:.
Strong Security. YouHodler put in place numerous ways to keep your funds safe..
Solid Insurance coverage. Crypto assets are insured for as much as $150 million.
Stablecoin Interest. YouHodler offers some of the very best rates of interest for stablecoins.
Distinct Functions. You’ll discover cool products such as the Multi HODL and the Turbocharge, which you won’t find anywhere else.
Flexible Terms. You can increase the period 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 recent compared to its competitors.
Currencies to Borrow. Depending upon the currencies you utilize as security, you can just get loans in USD, EUR, GBP, and BTC..
Year founded: 2018.
Head office: 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, REPRESENTATIVE, and 15 other popular coins with the list growing.
Type of service: Direct lending.
Cryptocurrencies are unstable creatures. To make a profit, you have to be proficient at trading them or just hold and hope your crypto gains in worth. Neither approach is especially easy to do because of volatility.
What if you could simply deposit your crypto someplace and earn interest on it. This way, if the cost 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’re in the market for a crypto-backed loan, Youhodler can handle that also considering that it lends out its crypto on deposits. Let’s see how it works.
YouHodler is a cryptocurrency exchange that focuses on crypto financing and high-interest cost savings for Hodlers. YouHodler is based in Limassol, Limassol, Cyprus. Can I Lend My Crypto Lending Site On Us
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 dozen other countries.