Find Does Youhodler Have An App – Cryptocurrency

Looking for Does Youhodler Have An App…YouHodler is a Swiss-based business that acts as a crypto-backed loan provider. One of its primary ideas is that you can still HODL, without having to wait on a spike to sell.

It allows users to obtain fiat funds quickly, based on the worth 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 choice to withdraw fiat to an individual bank account or individual charge card. Users can likewise 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, permitting users to transfer their crypto properties with ease.

The platform concentrates on delivering a well-rounded experience for its users. You will find whatever that a crypto owner or a financier would potentially need. Simply put, YouHodler provides a range of services that lets you harness your digital assets.

YouHodler Wallet

YouHodler’s wallet is created with simpleness and effectiveness in mind. You can move your cryptocurrency, transform it to fiat, and hold the funds for financial investment purposes in your wallet. The company offers dedicated wallet styles for Bitcoin and over 14 other popular cryptocurrencies.

Is YouHodler legitimate? Does Youhodler Have An App

Perhaps the most notable function at YouHodler is its ability to offer you loans. An investor might think about these financing chances as a means of hedging. Crucially, it gives you access to a versatile path 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 removes a big part of the risk that accompanies investment choices.

 

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

Users can receive both instantaneous money 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 procedure that YouHodler has in place.

 

YouHodler gives you a couple of choices to choose how you want to back your loan. You can make an application for a loan quantity in fiat or Bitcoin– and you use several altcoins as security.

The preliminary application process works as follows:

Make a request utilizing your crypto possessions as security
Quickly get an agreed loan quantity in fiat (USD, EURO, and Stablecoins, Bitcoin).
When you repay the loan, you will instantly get the security 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 score checks or take some time to consider whether you are eligible 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 various bundles for loans that include predefined terms.

    There are 3 choices for loan durations:.

    Thirty days– 90% LTV.
    60 days– 70% LTV.
    180 days– 50% LTV.

    Your interest rate is not determined by the amount of security that you set up. Instead, it depends on the type of strategy you select.

    YouHodler provides 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 motivate its users to welcome others to sign up with the platform to assist accelerate this goal.

     

    Pros of YouHodler:.
    Strong Security. YouHodler put in place lots of ways to keep your funds safe..
    Strong Insurance. Crypto possessions are guaranteed for approximately $150 million.
    Stablecoin Interest. YouHodler offers some of the very best rates of interest for stablecoins.
    Unique Functions. You’ll discover cool items such as the Multi HODL and the Turbocharge, which you won’t discover anywhere else.
    Versatile 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 current compared to its rivals.
    Currencies to Borrow. Depending on the currencies you use as collateral, you can just receive 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 available for loaning: 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 volatile creatures. To make a profit, you need to be proficient at trading them or just hold and hope your crypto gains in worth. Neither method is especially easy to do because of volatility.

    What if you might just deposit your crypto someplace and make interest on it. It pays high interest on savings. If you’re in the market for a crypto-backed loan, Youhodler can handle that also given that 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. Does Youhodler Have An App

    The business’s CEO is Ilya Volkov. YouHodler is an official Blockchain Association member of the Financial Commission. YouHodler is not available in the United States in addition to in about a dozen other countries.