Find Crypto Currency Lending Services – Cryptocurrency

Looking for Crypto Currency Lending Services…YouHodler is a Swiss-based company 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 permits users to obtain fiat funds quickly, based upon the worth of their cryptocurrency property holdings. Apart from that, one can convert crypto to crypto, crypto to fiat, and also 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 likewise hold their cryptocurrency in a YouHodler savings account.

It wouldn’t be far-fetched to consider YouHodler as a bank for your cryptocurrency. It is efficient and fast, permitting users to transfer their crypto possessions with ease.

The platform concentrates on delivering a well-rounded experience for its users. You will discover everything that a crypto owner or a financier would possibly require. To put it simply, YouHodler offers a range of services that lets you harness your digital properties.

YouHodler Wallet

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 investment functions in your wallet. The company provides dedicated wallet designs for Bitcoin and over 14 other popular cryptocurrencies.

Is YouHodler legitimate? Crypto Currency Lending Services

Possibly the most significant function at YouHodler is its capability to offer you loans. An investor could think about these financing chances as a means of hedging. Most importantly, it offers you access to a versatile course 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 risk that accompanies investment options.

 

YouHodler is undoubtedly a leading gamer in this area– not least due to the fact that it uses a top-rate loan-to-value ratio of as much as 90%. Exceeding 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 fairly reasonably at 12% APR. If you are taking out a short-term loan, you could get your rate of interest as low as 2.5%.

Now let’s break down the loan process that YouHodler has in place.

 

YouHodler offers you a couple of options to pick how you want to back your loan. You can obtain a loan quantity in fiat or Bitcoin– and you utilize several altcoins as security.

The preliminary application process works as follows:

Make a request using your crypto possessions as collateral
Immediately get an agreed loan quantity in fiat (USD, EURO, and Stablecoins, Bitcoin).
When you pay back the loan, you will right away get the collateral back, despite whether its worth has actually increased.

As you can see from the above, the process is as seamless as it could be. The business does not perform any credit report checks or require time to think about whether you are eligible for a loan. On the contrary, if you have enough collateral and a verified account, you are good to go.

 

How do you get paid on YouHodler?

  • Loan Terms and Quantities.

    YouHodler has various plans for loans that come with predefined terms.

    There are 3 choices for loan durations:.

    Thirty days– 90% LTV.
    60 days– 70% LTV.
    180 days– 50% LTV.

    Your interest rate is not identified by the amount of collateral that you put up. Instead, it depends on the kind of plan you select.

    YouHodler provides the same rate of interest for all its users. As the community grows, the company hopes that its interest rates will likewise drop appropriately. YouHodler also has an affiliate program to motivate its users to welcome others to sign up with the platform to help accelerate this goal.

     

    Pros of YouHodler:.
    Strong Security. YouHodler put in place lots of ways to keep your funds safe..
    Solid Insurance. Crypto assets are insured for up to $150 million.
    Stablecoin Interest. YouHodler provides 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 won’t find anywhere else.
    Flexible Terms. You can increase the duration 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 recent compared to its rivals.
    Currencies to Borrow. Depending upon the currencies you use as security, you can only receive loans in USD, EUR, GBP, and BTC..
    Year established: 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 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 loaning.

    Cryptocurrencies are volatile animals. To earn a profit, you need to be proficient at trading them or just hold and hope your crypto gains in value. Because of volatility, neither approach is particularly easy to do.

    What if you could just deposit your crypto somewhere and make interest on it. It pays high interest on cost savings. If you’re in the market for a crypto-backed loan, Youhodler can handle that likewise because it lends out its crypto on deposits.

    YouHodler is a cryptocurrency exchange that concentrates on crypto lending and high-interest cost savings for Hodlers. YouHodler is based in Limassol, Limassol, Cyprus. Crypto Currency Lending Services

    The company’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.