Looking for Crypto Salt Loans…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 allows 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 helpful feature would be the choice to withdraw fiat to a personal bank account or individual 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 fast and efficient, allowing users to move their crypto assets with ease.
The platform focuses on providing a well-rounded experience for its users. You will discover everything that a crypto owner or an investor would potentially need. To put it simply, YouHodler uses a range of services that lets you harness your digital properties.
YouHodler’s wallet is designed with simplicity and effectiveness 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 Salt Loans
Maybe the most noteworthy function at YouHodler is its ability to provide you loans. An investor could think about these funding opportunities as a means of hedging. Crucially, it provides you access to a versatile path 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 eliminates a huge part of the risk that accompanies financial investment choices.
YouHodler is unquestionably a leading player in this space– not least since it offers a top-rate loan-to-value ratio of as much as 90%. Exceeding its rivals, 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 rate of interest on crypto loans are relatively 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 place.
YouHodler provides you a few options to select how you wish to back your loan. You can apply 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 utilizing your crypto possessions as security
Quickly get an agreed loan amount in fiat (USD, EURO, and Stablecoins, Bitcoin).
Once you repay the loan, you will right away get the collateral back, regardless of whether its worth has actually increased.
As you can see from the above, the process is as smooth as it could be. The business does not perform any credit rating checks or take time to think about whether you are qualified 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 bundles for loans that feature predefined terms.
There are three choices for loan periods:.
30 days– 90% LTV.
60 days– 70% LTV.
180 days– 50% LTV.
Your rates of interest is not determined by the amount of security that you set up. Rather, it depends on the kind of strategy you choose.
YouHodler offers the same rates of interest for all its users. As the community grows, the supplier hopes that its rates of interest will also drop appropriately. YouHodler likewise has an affiliate program to motivate its users to welcome others to sign up with the platform to help accelerate this objective.
Pros of YouHodler:.
Strong Security. YouHodler put in place numerous methods to keep your funds safe..
Strong Insurance coverage. Crypto possessions are guaranteed for approximately $150 million.
Stablecoin Interest. YouHodler offers some of the best rate of interest for stablecoins.
Unique Functions. You’ll discover cool items 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 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 security, you can only receive loans in USD, EUR, GBP, and BTC..
Year established: 2018.
Head office: Cyprus and Switzerland.
Licenses: European Union Financial Commission.
Currencies readily available to make 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, REPRESENTATIVE, and 15 other popular coins with the list growing.
Type of service: Direct financing.
Cryptocurrencies are unstable animals. To make a profit, you need to be good at trading them or just hold and hope your crypto gains in worth. Neither method is particularly easy to do because of volatility.
What if you might just transfer your crypto somewhere and earn interest on it. It pays high interest on savings. If you’re in the market for a crypto-backed loan, Youhodler can deal with that likewise because it lends out its crypto on deposits.
YouHodler is a cryptocurrency exchange that concentrates on crypto lending and high-interest savings for Hodlers. YouHodler is based in Limassol, Limassol, Cyprus. Crypto Salt Loans
The business’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 dozen other nations.