Looking for Chris Yeung Youhodler…YouHodler is a Swiss-based business that functions as a crypto-backed loan provider. One of its primary principles is that you can still HODL, without needing to wait on a spike to sell.
It allows users to borrow fiat funds instantly, 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 helpful function would be the alternative to withdraw fiat to an individual bank account or individual charge card. Users can also hold their cryptocurrency in a YouHodler savings account.
It wouldn’t be improbable to think about YouHodler as a bank for your cryptocurrency. It is fast and effective, enabling users to move their crypto properties with ease.
The platform concentrates on delivering a well-rounded experience for its users. You will find whatever that a crypto owner or an investor would possibly require. To put it simply, YouHodler offers a range of services that lets you harness your digital properties.
YouHodler’s wallet is created with simplicity and effectiveness in mind. You can transfer your cryptocurrency, transform it to fiat, and hold the funds for financial investment purposes in your wallet. The business offers dedicated wallet designs for Bitcoin and over 14 other popular cryptocurrencies.
Is YouHodler legitimate? Chris Yeung Youhodler
Possibly the most notable function at YouHodler is its capability to offer you loans. An investor might think about these funding opportunities 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 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 financial investment choices.
YouHodler is certainly a leading gamer in this area– not least because it provides a top-rate loan-to-value ratio of up to 90%. Outpacing its competitors, 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 relatively reasonably at 12% APR. If you are taking out a short-term loan, you could get your rates of interest as low as 2.5%.
Now let’s break down the loan procedure that YouHodler has in location.
YouHodler offers you a couple of options to pick how you want to back your loan. You can get a loan quantity in fiat or Bitcoin– and you use numerous altcoins as collateral.
The initial application process works as follows:
Make a request utilizing your crypto assets as security
Quickly receive an agreed loan amount in fiat (USD, EURO, and Stablecoins, Bitcoin).
As soon as you repay 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 rating checks or take time to think about whether you are qualified for a loan. On the contrary, if you have enough collateral and a verified account, you are excellent to go.
How do you get paid on YouHodler?
Loan Terms and Amounts.
YouHodler has different bundles for loans that feature predefined terms.
There are 3 alternatives for loan periods:.
30 days– 90% LTV.
60 days– 70% LTV.
180 days– 50% LTV.
Your rate of interest is not determined by the amount of collateral that you set up. Instead, it depends on the type of strategy you select.
YouHodler offers the same interest rate for all its users. As the community grows, the supplier hopes that its interest rates 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 methods to keep your funds safe..
Strong Insurance. Crypto possessions are guaranteed for up to $150 million.
Stablecoin Interest. YouHodler provides some of the very best interest rates for stablecoins.
Unique Features. You’ll find cool items 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 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 competitors.
Currencies to Obtain. Depending upon the currencies you use as security, you can just get loans in USD, EUR, GBP, and BTC..
Year established: 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 offered for borrowing: BTC, BCH, BNB, ETH, LTC, XLM, XRP, DASH, HT, ASSOCIATE, and 15 other popular coins with the list growing.
Type of service: Direct lending.
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. Since of volatility, neither technique is particularly simple to do.
What if you might simply transfer your crypto someplace and earn 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 given that it loans out its crypto on deposits.
YouHodler is a cryptocurrency exchange that focuses on crypto financing and high-interest cost savings for Hodlers. YouHodler is based in Limassol, Limassol, Cyprus. Chris Yeung Youhodler
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 nations.