Find Define Youhodler – Cryptocurrency

Looking for Define Youhodler…YouHodler is a Swiss-based company that serves as a crypto-backed loan provider. Among its main concepts is that you can still HODL, without having to await a spike to offer.

It enables users to borrow fiat funds quickly, based upon the worth of their cryptocurrency asset holdings. Apart from that, one can transform crypto to crypto, crypto to fiat, and likewise engage with stablecoins.

The most advantageous function would be the choice to withdraw fiat to a personal savings account or personal credit card. Users can likewise hold their cryptocurrency in a YouHodler savings account.

It wouldn’t be far-fetched to think about YouHodler as a bank for your cryptocurrency. It is quick and effective, enabling users to move their crypto possessions with ease.

The platform focuses on delivering a well-rounded experience for its users. You will discover everything that a crypto owner or a financier would possibly need. To put it simply, YouHodler provides a range of services that lets you harness your digital possessions.

YouHodler Wallet

YouHodler’s wallet is designed with simpleness and efficiency in mind. You can transfer your cryptocurrency, transform it to fiat, and hold the funds for financial investment functions in your wallet. The business uses devoted wallet styles for Bitcoin and over 14 other popular cryptocurrencies.

Is YouHodler legitimate? Define Youhodler

Possibly the most significant function at YouHodler is its capability to use you loans. An investor could consider these funding opportunities as a means of hedging. Crucially, it gives 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 huge part of the threat that accompanies investment choices.

 

YouHodler is undoubtedly a leading gamer in this area– not least due to the fact that it offers a top-rate loan-to-value ratio of as much as 90%. Outpacing its competitors, YouHodler accepts 15 various digital coins as security.

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 fairly reasonably at 12% APR. If you are taking out a short-term loan, you could get your rates of interest as low as 2.5%.

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

 

YouHodler gives you a couple of alternatives to select how you want to back your loan. You can get a loan amount in fiat or Bitcoin– and you utilize numerous altcoins as security.

The initial application procedure works as follows:

Make a request using your crypto properties as security
Instantly receive an agreed loan amount in fiat (USD, EURO, and Stablecoins, Bitcoin).
As soon as you repay the loan, you will right away get the security back, no matter whether its worth has increased.

As you can see from the above, the process is as seamless as it could be. The company does not carry out any credit history checks or take time to think about whether you are qualified for a loan. On the contrary, if you have enough collateral and a validated account, you are great to go.

 

How do you get paid on YouHodler?

  • Loan Terms and Amounts.

    YouHodler has different packages 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 rates of interest is not identified by the quantity of collateral that you installed. Rather, it depends upon the kind of strategy you select.

    YouHodler uses the very same rates of interest for all its users. As the community grows, the company hopes that its interest rates will also drop accordingly. YouHodler likewise has an affiliate program to encourage its users to welcome others to join 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 properties are insured 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 items such as the Multi HODL and the Turbocharge, which you won’t find anywhere else.
    Flexible Terms. You can increase the period 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 receive loans in USD, EUR, GBP, and BTC..
    Year founded: 2018.
    Headquarters: Cyprus and Switzerland.
    Licenses: European Union Financial Commission.
    Currencies offered to make interest: Fiat (USD, EUR, CHF, GBP), crypto (BTC), and stablecoin loans (USDT, USDC, TUSD, PAX, PAXG).
    Currencies 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 lending.

    Cryptocurrencies are unstable animals. To earn a profit, you need to be good at trading them or just hold and hope your crypto gains in worth. Because of volatility, neither method is particularly easy to do.

    What if you might simply deposit your crypto someplace and earn interest on it. This way, if the rate boosts by a percentage or not at all, you can still earn a profit. That’s what YouHodler does. It pays high interest on savings. Youhodler can manage that also since it lends out its crypto on deposits if you’re in the market for a crypto-backed loan. Let’s see how it works.

    YouHodler is a cryptocurrency exchange that specializes in crypto financing and high-interest savings for Hodlers. YouHodler is based in Limassol, Limassol, Cyprus. Define Youhodler

    The business’s CEO is Ilya Volkov. YouHodler is a main Blockchain Association member of the Financial Commission. YouHodler is not available in the United States along with in about a lots other nations.