Looking for Crypto Youhodler…YouHodler is a Swiss-based company that serves as a crypto-backed loan service provider. One of its primary ideas is that you can still HODL, without needing to wait for a spike to sell.
It enables users to obtain fiat funds immediately, based on the worth 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 option to withdraw fiat to a personal checking account or personal credit 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 quick and efficient, allowing users to move their crypto possessions with ease.
The platform focuses on delivering a well-rounded experience for its users. You will find everything that a crypto owner or a financier would possibly require. To put it simply, YouHodler provides a range of services that lets you harness your digital assets.
YouHodler’s wallet is developed with simpleness and performance in mind. You can move your cryptocurrency, transform it to fiat, and hold the funds for investment functions in your wallet. The business provides dedicated wallet designs for Bitcoin and over 14 other popular cryptocurrencies.
Is YouHodler legitimate? Crypto Youhodler
Perhaps the most significant feature at YouHodler is its capability to offer you loans. A financier might think about these funding opportunities as a means of hedging. Crucially, it provides you access to a flexible course to enter 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 danger that accompanies financial investment choices.
YouHodler is undoubtedly a leading gamer in this area– not least because it uses a top-rate loan-to-value ratio of as much as 90%. Outmatching its rivals, 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 interest rates 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 couple of alternatives to pick how you want to back your loan. You can apply for a loan quantity in fiat or Bitcoin– and you use several altcoins as collateral.
The preliminary application process works as follows:
Make a demand utilizing your crypto properties as collateral
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, despite 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 carry out any credit history checks or take time to consider whether you are eligible for a loan. On the contrary, if you have sufficient security and a validated account, you are good to go.
How do you get paid on YouHodler?
Loan Terms and Amounts.
YouHodler has various plans for loans that include predefined terms.
There are 3 alternatives for loan durations:.
One month– 90% LTV.
60 days– 70% LTV.
180 days– 50% LTV.
Your rate of interest is not identified by the amount of security that you put up. Instead, it depends upon the type of plan you choose.
YouHodler offers the very same rate of interest for all its users. As the community grows, the provider hopes that its rate of interest will likewise drop appropriately. YouHodler likewise has an affiliate program to encourage its users to invite others to join the platform to help accelerate this goal.
Pros of YouHodler:.
Strong Security. YouHodler put in place lots of ways to keep your funds safe..
Strong Insurance coverage. Crypto properties are guaranteed for approximately $150 million.
Stablecoin Interest. YouHodler provides a few of the best interest rates for stablecoins.
Distinct Functions. You’ll find cool products such as the Multi HODL and the Turbocharge, which you will not discover anywhere else.
Flexible Terms. You can increase the duration of your loans at any time.
High LTV. The top 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 Obtain. Depending upon the currencies you utilize as security, you can only receive loans in USD, EUR, GBP, and BTC..
Year founded: 2018.
Head office: Cyprus and Switzerland.
Licenses: European Union Financial Commission.
Currencies available to earn interest: Fiat (USD, EUR, CHF, GBP), crypto (BTC), and stablecoin loans (USDT, USDC, TUSD, PAX, PAXG).
Currencies 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 loaning.
Cryptocurrencies are unstable creatures. To earn a profit, you need to be proficient at trading them or just hold and hope your crypto gains in worth. Neither technique is particularly easy to do because of volatility.
What if you might just transfer your crypto someplace and make interest on it. This way, if the price 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 cost savings. If you’re in the market for a crypto-backed loan, Youhodler can manage that likewise considering that it lends out its crypto on deposits. Let’s see how it works.
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 Youhodler
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 lots other countries.