Find Crypto Lending Poloniex – Cryptocurrency

Looking for Crypto Lending Poloniex…YouHodler is a Swiss-based business that acts as a crypto-backed loan provider. Among its primary concepts is that you can still HODL, without having to await a spike to sell.

It enables users to obtain fiat funds instantly, based upon the value of their cryptocurrency asset holdings. Apart from that, one can convert crypto to crypto, crypto to fiat, and also engage with stablecoins.

The most useful feature would be the choice to withdraw fiat to a personal bank account or individual credit card. Users can also hold their cryptocurrency in a YouHodler savings account.

It would not be improbable to consider YouHodler as a bank for your cryptocurrency. It is efficient and quick, permitting users to move their crypto assets with ease.

The platform concentrates on providing a well-rounded experience for its users. You will discover everything that a crypto owner or an investor would perhaps need. In other words, YouHodler offers a variety of services that lets you harness your digital properties.

YouHodler Wallet

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 financial investment functions in your wallet. The business offers devoted wallet designs for Bitcoin and over 14 other popular cryptocurrencies.

Is YouHodler legitimate? Crypto Lending Poloniex

Possibly the most notable feature at YouHodler is its capability to use you loans. A financier might think about these funding chances as a means of hedging. Most importantly, it offers you access to a flexible path to enter 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 threat that accompanies investment choices.

 

YouHodler is undoubtedly a leading player in this area– not least because it uses a top-rate loan-to-value ratio of approximately 90%. Surpassing its competitors, YouHodler accepts 15 different digital coins as security.

Users can get both instantaneous 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 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 few alternatives to select how you wish to back your loan. You can make an application for a loan amount in fiat or Bitcoin– and you use numerous altcoins as collateral.

The initial application procedure works as follows:

Make a request using your crypto properties as collateral
Quickly receive an agreed loan amount in fiat (USD, EURO, and Stablecoins, Bitcoin).
Once you repay the loan, you will instantly get the collateral back, despite whether its value has actually increased.

As you can see from the above, the process is as smooth as it could be. The business does not carry out any credit history checks or take some time to consider whether you are qualified for a loan. On the contrary, if you have enough security and a confirmed account, you are great to go.

 

How do you get paid on YouHodler?

  • Loan Terms and Amounts.

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

    There are three options for loan periods:.

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

    Your interest rate is not determined by the amount of security that you put up. Rather, it depends upon the type of plan you choose.

    YouHodler uses the very same rates of interest for all its users. As the community grows, the supplier hopes that its rates of interest will likewise drop appropriately. YouHodler also has an affiliate program to motivate its users to invite others to sign up with the platform to help accelerate this objective.

     

    Pros of YouHodler:.
    Strong Security. YouHodler put in place many methods to keep your funds safe..
    Strong Insurance coverage. Crypto possessions are guaranteed for up to $150 million.
    Stablecoin Interest. YouHodler provides a few of the very best rate of interest for stablecoins.
    Distinct Functions. You’ll discover cool products such as the Multi HODL and the Turbocharge, which you will not discover anywhere else.
    Versatile Terms. You can increase the period of your loans at any time.
    High LTV. The leading 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 quite current compared to its competitors.
    Currencies to Borrow. Depending on the currencies you use as collateral, you can only 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 offered for loaning: BTC, BCH, BNB, ETH, LTC, XLM, XRP, DASH, HT, REP, and 15 other popular coins with the list growing.
    Type of service: Direct financing.

    Cryptocurrencies are volatile creatures. To make a profit, you need to be good at trading them or just hold and hope your crypto gains in worth. Due to the fact that of volatility, neither technique is particularly simple to do.

    If you might just transfer your crypto somewhere and make interest on it, what. In this manner, if the rate boosts by a small amount or not at all, you can still make a profit. That’s what YouHodler does. It pays high interest on savings. If you remain in the marketplace for a crypto-backed loan, Youhodler can manage that likewise given that it loans 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. Crypto Lending Poloniex

    The business’s CEO is Ilya Volkov. YouHodler is a main Blockchain Association member of the Financial Commission. YouHodler is not readily available in the United States as well as in about a dozen other countries.