Find Crypto Lending Service Compare – Cryptocurrency

Looking for Crypto Lending Service Compare…YouHodler is a Swiss-based business that serves as a crypto-backed loan service provider. Among its primary concepts is that you can still HODL, without needing to wait for 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 beneficial feature would be the choice to withdraw fiat to a personal checking account or personal credit card. Users can likewise hold their cryptocurrency in a YouHodler savings account.

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

The platform focuses on delivering a well-rounded experience for its users. You will find whatever that a crypto owner or a financier would potentially require. In other words, YouHodler provides a range of services that lets you harness your digital properties.

YouHodler Wallet

YouHodler’s wallet is developed with simpleness and performance in mind. You can transfer your cryptocurrency, convert it to fiat, and hold the funds for financial investment functions in your wallet. The company offers dedicated wallet designs for Bitcoin and over 14 other popular cryptocurrencies.

Is YouHodler legitimate? Crypto Lending Service Compare

Possibly the most noteworthy feature at YouHodler is its capability to offer you loans. An investor could think about these funding chances as a means of hedging. Most importantly, it provides 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 huge part of the risk that accompanies investment options.

 

YouHodler is certainly a leading player in this area– not least due to the fact that it provides a top-rate loan-to-value ratio of up to 90%. Exceeding its competitors, YouHodler accepts 15 various digital coins as collateral.

Users can receive both immediate cash loans and crypto loans in USD, EURO, GBP, CHF, and even in Bitcoin( BTC) and Tether( USDT). The rates of interest on crypto loans are fairly reasonably at 12% APR. If you are taking out a short-term loan, you might get your rate of interest as low as 2.5%.

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

 

YouHodler provides you a few alternatives to pick how you wish to back your loan. You can apply for a loan amount in fiat or Bitcoin– and you utilize numerous altcoins as security.

The preliminary application process works as follows:

Make a demand using your crypto possessions as security
Instantly get an agreed loan amount in fiat (USD, EURO, and Stablecoins, Bitcoin).
As soon as you repay the loan, you will instantly get the security back, despite whether its worth has increased.

As you can see from the above, the procedure is as seamless as it could be. The business 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 sufficient collateral and a confirmed account, you are great to go.

 

How do you get paid on YouHodler?

  • Loan Terms and Quantities.

    YouHodler has different plans for loans that feature predefined terms.

    There are 3 alternatives for loan durations:.

    1 month– 90% LTV.
    60 days– 70% LTV.
    180 days– 50% LTV.

    Your interest rate is not determined by the quantity of collateral that you put up. Rather, it depends on the type of strategy you pick.

    YouHodler uses the same interest rate for all its users. As the community grows, the provider hopes that its rates of interest will likewise drop accordingly. YouHodler also has an affiliate program to motivate its users to welcome others to sign up with the platform to assist accelerate this objective.

     

    Pros of YouHodler:.
    Strong Security. YouHodler put in place many methods to keep your funds safe..
    Solid Insurance. Crypto assets are guaranteed for as much as $150 million.
    Stablecoin Interest. YouHodler provides a few of the very best interest rates for stablecoins.
    Distinct Functions. You’ll find cool products such as the Multi HODL and the Turbocharge, which you will not find anywhere else.
    Versatile Terms. You can increase the duration 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 quite recent compared to its competitors.
    Currencies to Obtain. Depending upon the currencies you use as collateral, you can only get loans in USD, EUR, GBP, and BTC..
    Year established: 2018.
    Head office: Cyprus and Switzerland.
    Licenses: European Union Financial Commission.
    Currencies available to make 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.
    Kind of service: Direct lending.

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

    What if you could simply transfer your crypto somewhere and make 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 considering that it lends out its crypto on deposits.

    YouHodler is a cryptocurrency exchange that specializes in crypto loaning and high-interest cost savings for Hodlers. YouHodler is based in Limassol, Limassol, Cyprus. Crypto Lending Service Compare

    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 as well as in about a dozen other countries.