Looking for Crunchbase Youhodler…YouHodler is a Swiss-based company that functions as a crypto-backed loan service provider. One of its primary principles is that you can still HODL, without having to await a spike to sell.
It allows users to obtain fiat funds instantly, based on the value of their cryptocurrency asset holdings. Apart from that, one can transform crypto to crypto, crypto to fiat, and likewise engage with stablecoins.
The most advantageous function would be the choice to withdraw fiat to an individual savings account or personal charge card. Users can also hold their cryptocurrency in a YouHodler savings account.
It would not be improbable to think about YouHodler as a bank for your cryptocurrency. It is quick and efficient, allowing users to move their crypto properties with ease.
The platform concentrates on providing a well-rounded experience for its users. You will find everything that a crypto owner or a financier would perhaps require. Simply put, YouHodler offers a variety of services that lets you harness your digital properties.
YouHodler’s wallet is designed with simpleness and performance in mind. You can move your cryptocurrency, transform it to fiat, and hold the funds for investment purposes in your wallet. The company offers dedicated wallet styles for Bitcoin and over 14 other popular cryptocurrencies.
Is YouHodler legitimate? Crunchbase Youhodler
Perhaps the most noteworthy feature at YouHodler is its capability to provide you loans. A financier might consider these financing opportunities as a means of hedging. Crucially, it gives you access to a versatile path to enter 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 danger that accompanies financial investment options.
YouHodler is undoubtedly a leading player in this space– not least since it uses a top-rate loan-to-value ratio of up to 90%. Surpassing its rivals, YouHodler accepts 15 various digital coins as security.
Users can receive both instantaneous 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 process that YouHodler has in location.
YouHodler offers you a couple of options to choose how you wish to back your loan. You can obtain a loan quantity in fiat or Bitcoin– and you use multiple altcoins as security.
The preliminary application process works as follows:
Make a request using your crypto possessions as collateral
Instantly receive an agreed loan quantity in fiat (USD, EURO, and Stablecoins, Bitcoin).
As soon as you repay the loan, you will right away get the collateral back, despite whether its worth has increased.
As you can see from the above, the procedure is as smooth as it could be. The company does not perform any credit report checks or take some time to think about whether you are eligible for a loan. On the contrary, if you have enough security and a verified account, you are good to go.
How do you get paid on YouHodler?
Loan Terms and Amounts.
YouHodler has different plans for loans that feature predefined terms.
There are three options for loan periods:.
Thirty days– 90% LTV.
60 days– 70% LTV.
180 days– 50% LTV.
Your interest rate is not figured out by the amount of security that you set up. Rather, it depends upon the type of strategy you choose.
YouHodler provides the exact same interest rate for all its users. As the neighborhood grows, the company hopes that its rates of interest will also drop accordingly. YouHodler also has an affiliate program to motivate its users to invite others to join the platform to help accelerate this objective.
Pros of YouHodler:.
Strong Security. YouHodler put in place many ways to keep your funds safe..
Strong Insurance coverage. Crypto possessions are insured for as much as $150 million.
Stablecoin Interest. YouHodler uses a few of the very best rate of interest for stablecoins.
Unique Functions. You’ll find cool products 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 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 rivals.
Currencies to Borrow. Depending upon the currencies you utilize as collateral, you can just receive loans in USD, EUR, GBP, and BTC..
Year established: 2018.
Headquarters: 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 loaning: BTC, BCH, BNB, ETH, LTC, XLM, XRP, DASH, HT, ASSOCIATE, and 15 other popular coins with the list growing.
Kind of service: Direct lending.
Cryptocurrencies are unstable animals. To earn a profit, you need to be good at trading them or simply hold and hope your crypto gains in worth. Because of volatility, neither technique is particularly easy to do.
What if you could just transfer your crypto someplace and earn interest on it. In this manner, if the price increases by a small amount or not at all, you can still make a profit. That’s what YouHodler does. It pays high interest on cost savings. Youhodler can deal with that likewise because 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 savings for Hodlers. YouHodler is based in Limassol, Limassol, Cyprus. Crunchbase Youhodler
The company’s CEO is Ilya Volkov. YouHodler is an official Blockchain Association member of the Financial Commission. YouHodler is not offered in the United States in addition to in about a lots other nations.