Looking for Collateralized Crypto Loans…YouHodler is a Swiss-based company that acts as a crypto-backed loan provider. One of its main principles is that you can still HODL, without having to await a spike to sell.
It enables users to borrow fiat funds quickly, based on the value of their cryptocurrency possession holdings. Apart from that, one can transform crypto to crypto, crypto to fiat, and also engage with stablecoins.
The most helpful function would be the option to withdraw fiat to an individual bank account or personal 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 effective and quick, allowing 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 a financier would potentially require. To put it simply, YouHodler provides a variety of services that lets you harness your digital possessions.
YouHodler’s wallet is designed with simplicity and efficiency in mind. You can move your cryptocurrency, transform it to fiat, and hold the funds for investment functions in your wallet. The business offers dedicated wallet styles for Bitcoin and over 14 other popular cryptocurrencies.
Is YouHodler legitimate? Collateralized Crypto Loans
Perhaps the most noteworthy feature at YouHodler is its ability to use you loans. An investor could consider these financing opportunities as a means of hedging. Crucially, it offers you access to a flexible path to get in 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 huge part of the danger that accompanies investment options.
YouHodler is unquestionably a leading gamer in this area– not least due to the fact that it uses a top-rate loan-to-value ratio of approximately 90%. Outpacing its rivals, YouHodler accepts 15 various digital coins as collateral.
Users can receive both instant 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 rates of interest as low as 2.5%.
Now let’s break down the loan procedure that YouHodler has in place.
YouHodler offers you a few options to choose how you want to back your loan. You can look for a loan amount in fiat or Bitcoin– and you utilize several altcoins as security.
The preliminary application procedure works as follows:
Make a request using your crypto possessions as security
Immediately receive an agreed loan quantity in fiat (USD, EURO, and Stablecoins, Bitcoin).
Once you repay the loan, you will right away get the security back, despite whether its value has increased.
As you can see from the above, the procedure is as smooth as it could be. The business does not carry out any credit history checks or take time to consider whether you are eligible for a loan. On the contrary, if you have adequate collateral and a confirmed account, you are great to go.
How do you get paid on YouHodler?
Loan Terms and Quantities.
YouHodler has different bundles for loans that include predefined terms.
There are three alternatives for loan periods:.
1 month– 90% LTV.
60 days– 70% LTV.
180 days– 50% LTV.
Your rate of interest is not determined by the quantity of collateral that you put up. Rather, it depends on the kind of plan you choose.
YouHodler offers the exact same interest rate for all its users. As the community grows, the supplier hopes that its rate of interest will also drop accordingly. YouHodler likewise has an affiliate program to encourage its users to invite others to join the platform to assist accelerate this goal.
Pros of YouHodler:.
Strong Security. YouHodler put in place lots of methods to keep your funds safe..
Strong Insurance coverage. Crypto assets are guaranteed for approximately $150 million.
Stablecoin Interest. YouHodler offers some of the very best interest rates for stablecoins.
Distinct Features. You’ll discover cool items such as the Multi HODL and the Turbocharge, which you won’t discover 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 collateral, you can just receive loans in USD, EUR, GBP, and BTC..
Year founded: 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 readily available 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 financing.
Cryptocurrencies are unpredictable creatures. To earn a profit, you need 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 simply deposit your crypto somewhere and make interest on it. By doing this, 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 savings. Youhodler can manage that also since it loans 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 financing and high-interest savings for Hodlers. YouHodler is based in Limassol, Limassol, Cyprus. Collateralized Crypto Loans
The business’s CEO is Ilya Volkov. YouHodler is a main Blockchain Association member of the Financial Commission. YouHodler is not offered in the United States along with in about a dozen other countries.