Find Cryptocurrency Exchange In Bangladesh – Cryptocurrency

Looking for Cryptocurrency Exchange In Bangladesh…YouHodler is a Swiss-based company that works as a crypto-backed loan company. One of its main concepts is that you can still HODL, without needing to wait on a spike to offer. It allows users to borrow fiat funds quickly, based upon the value of their cryptocurrency possession holdings. Apart from that, one can transform crypto to crypto, crypto to fiat, and also engage with stablecoins. The most advantageous function would be the alternative to withdraw fiat to an individual savings account or personal charge card. Users can also 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 effective and quick, enabling users to transfer their crypto properties 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 possibly require. To put it simply, YouHodler uses a variety of services that lets you harness your digital possessions. YouHodler Wallet YouHodler’s wallet is developed with simplicity and efficiency in mind. You can transfer your cryptocurrency, convert it to fiat, and hold the funds for financial investment functions in your wallet. The company provides dedicated wallet styles for Bitcoin and over 14 other popular cryptocurrencies.

Is YouHodler legitimate? Cryptocurrency Exchange In Bangladesh

Maybe the most noteworthy function at YouHodler is its ability to use you loans. A financier might consider these funding opportunities as a means of hedging. Crucially, it gives you access to a flexible path to go into the cryptocurrency trading markets. With a crypto-backed credit line, you can get fiat when you need it without touching your crypto portfolio at all. It removes a huge part of the danger that accompanies financial investment options.   YouHodler is unquestionably a leading gamer in this area– not least since it uses a top-rate loan-to-value ratio of approximately 90%. Exceeding its rivals, YouHodler accepts 15 various digital coins as collateral. Users can get both instant 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 interest rate as low as 2.5%. Now let’s break down the loan process that YouHodler has in location.   YouHodler offers you a couple of options to pick how you wish to back your loan. You can request a loan amount in fiat or Bitcoin– and you use several altcoins as security. The preliminary application process works as follows: Make a request using your crypto possessions as security Quickly receive an agreed loan quantity in fiat (USD, EURO, and Stablecoins, Bitcoin). As soon as you repay the loan, you will right away get the collateral back, no matter whether its value has increased. As you can see from the above, the process is as smooth as it could be. The company does not perform any credit score checks or require time to consider whether you are qualified for a loan. On the contrary, if you have enough security and a verified account, you are excellent to go.

How do you get paid on YouHodler?

  • Loan Terms and Amounts. YouHodler has various packages for loans that come with predefined terms. There are 3 options for loan durations:. One month– 90% LTV. 60 days– 70% LTV. 180 days– 50% LTV. Your rates of interest is not determined by the amount of collateral that you set up. Instead, it depends on the type of plan you pick. YouHodler uses the same interest rate for all its users. As the neighborhood grows, the provider hopes that its interest rates will also drop accordingly. YouHodler also 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 lots of methods to keep your funds safe.. Solid Insurance. Crypto possessions are guaranteed for as much as $150 million. Stablecoin Interest. YouHodler uses some of the best rate of interest for stablecoins. Distinct Features. 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 duration of your loans at any time. High LTV. The top 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 recent compared to its competitors. Currencies to Borrow. Depending on the currencies you use as security, you can just get loans in USD, EUR, GBP, and BTC.. Year founded: 2018. Headquarters: 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, REP, and 15 other popular coins with the list growing. Kind of service: Direct loaning. Cryptocurrencies are volatile creatures. 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 especially easy to do. If you might simply deposit your crypto somewhere and make interest on it, what. In this manner, if the price increases by a percentage 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 marketplace for a crypto-backed loan, Youhodler can handle that also given that it loans out its crypto on deposits. Let’s see how it works. YouHodler is a cryptocurrency exchange that specializes in crypto loaning and high-interest savings for Hodlers. YouHodler is based in Limassol, Limassol, Cyprus. Cryptocurrency Exchange In Bangladesh 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 in addition to in about a dozen other countries.