Looking for Delete Blockfi Account Reddit…YouHodler is a Swiss-based company that works as a crypto-backed loan service provider. Among its main principles is that you can still HODL, without having to await a spike to sell.
It allows users to obtain fiat funds quickly, based upon the value of their cryptocurrency asset holdings. Apart from that, one can convert crypto to crypto, crypto to fiat, and likewise engage with stablecoins.
The most beneficial feature would be the choice to withdraw fiat to an individual checking account or individual credit card. Users can likewise hold their cryptocurrency in a YouHodler savings account.
It wouldn’t be improbable to consider YouHodler as a bank for your cryptocurrency. It is efficient and quick, allowing users to transfer 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 potentially need. Simply put, YouHodler offers a range of services that lets you harness your digital properties.
YouHodler’s wallet is designed with simplicity and performance in mind. You can move your cryptocurrency, transform it to fiat, and hold the funds for financial investment functions in your wallet. The business uses dedicated wallet designs for Bitcoin and over 14 other popular cryptocurrencies.
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Maybe the most notable feature at YouHodler is its capability to offer you loans. An investor might consider these financing chances as a means of hedging. Most importantly, it provides you access to a flexible 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 eliminates a huge part of the threat that accompanies investment choices.
YouHodler is certainly a leading player in this space– not least since it provides a top-rate loan-to-value ratio of as much as 90%. Surpassing its competitors, YouHodler accepts 15 different digital coins as security.
Users can get both immediate money 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 rates of interest 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 choose how you wish to back your loan. You can apply for a loan quantity in fiat or Bitcoin– and you utilize several altcoins as collateral.
The preliminary application procedure works as follows:
Make a demand utilizing your crypto properties as collateral
Quickly receive an agreed loan quantity in fiat (USD, EURO, and Stablecoins, Bitcoin).
When you repay the loan, you will immediately get the collateral back, regardless of whether its worth 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 report checks or require time to consider whether you are eligible for a loan. On the contrary, if you have adequate security and a confirmed account, you are great to go.
How do you get paid on YouHodler?
Loan Terms and Quantities.
YouHodler has various packages for loans that come with predefined terms.
There are 3 choices for loan periods:.
Thirty days– 90% LTV.
60 days– 70% LTV.
180 days– 50% LTV.
Your interest rate is not figured out by the quantity of security that you set up. Rather, it depends upon the type of plan you pick.
YouHodler uses the same rate of interest for all its users. As the community grows, the service provider hopes that its rates of interest will also drop accordingly. YouHodler likewise has an affiliate program to encourage its users to welcome others to sign up with the platform to help accelerate this goal.
Pros of YouHodler:.
Strong Security. YouHodler put in place numerous ways to keep your funds safe..
Solid Insurance. Crypto properties are guaranteed for approximately $150 million.
Stablecoin Interest. YouHodler offers some of the very best interest rates for stablecoins.
Special Features. You’ll discover cool items such as the Multi HODL and the Turbocharge, which you won’t 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 current compared to its rivals.
Currencies to Obtain. Depending on the currencies you utilize as collateral, you can only get loans in USD, EUR, GBP, and BTC..
Year founded: 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 readily available for loaning: BTC, BCH, BNB, ETH, LTC, XLM, XRP, DASH, HT, ASSOCIATE, and 15 other popular coins with the list growing.
Type of service: Direct loaning.
Cryptocurrencies are volatile creatures. To earn a profit, you have to be good at trading them or just hold and hope your crypto gains in worth. Neither technique is especially easy to do because of volatility.
What if you could just transfer your crypto someplace and make interest on it. By doing this, if the rate increases by a percentage or not at all, you can still make a profit. That’s what YouHodler does. It pays high interest on savings. If you remain in the market for a crypto-backed loan, Youhodler can manage that also since it lends out its crypto on deposits. Let’s see how it works.
YouHodler is a cryptocurrency exchange that specializes in crypto financing and high-interest cost savings for Hodlers. YouHodler is based in Limassol, Limassol, Cyprus. Delete Blockfi Account Reddit
The company’s CEO is Ilya Volkov. YouHodler is an official Blockchain Association member of the Financial Commission. YouHodler is not readily available in the United States in addition to in about a lots other countries.