Looking for Earn Crypto Watching Videos…YouHodler is a Swiss-based company that functions as a crypto-backed loan company. One of its main principles is that you can still HODL, without needing to await a spike to offer.
It allows users to borrow fiat funds quickly, based on the value 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 feature would be the alternative to withdraw fiat to a personal checking account or personal charge 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 fast 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 find whatever that a crypto owner or an investor would potentially require. In other words, YouHodler offers a range of services that lets you harness your digital assets.
YouHodler’s wallet is created with simplicity and efficiency in mind. You can transfer 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? Earn Crypto Watching Videos
Perhaps the most noteworthy feature at YouHodler is its ability to provide you loans. An investor might think about these funding opportunities as a means of hedging. Crucially, it gives you access to a flexible course to go into 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 options.
YouHodler is unquestionably a leading player in this space– not least because it offers a top-rate loan-to-value ratio of approximately 90%. Outmatching its competitors, 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 interest rates on crypto loans are relatively 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 procedure that YouHodler has in location.
YouHodler offers you a couple of choices to select how you want to back your loan. You can look for a loan amount in fiat or Bitcoin– and you use several altcoins as collateral.
The initial application procedure works as follows:
Make a request using your crypto possessions as collateral
Instantly get an agreed loan quantity in fiat (USD, EURO, and Stablecoins, Bitcoin).
Once you repay the loan, you will right away get the security back, regardless of whether its value has increased.
As you can see from the above, the procedure is as seamless as it could be. The company does not carry out any credit score checks or require time to consider whether you are qualified for a loan. On the contrary, if you have enough collateral and a verified account, you are great 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 alternatives for loan durations:.
Thirty days– 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 kind of plan you select.
YouHodler uses the same interest rate for all its users. As the neighborhood grows, the provider hopes that its rate of interest will also drop accordingly. YouHodler likewise has an affiliate program to motivate its users to invite 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 coverage. Crypto possessions are insured for up to $150 million.
Stablecoin Interest. YouHodler uses a few of the best rates of interest for stablecoins.
Special Functions. You’ll find cool items 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 utilized as collateral with 90% loan-to-value.
Is CoinLoan safe?
Cons of YouHodler:.
Seniority. YouHodler was founded in 2018, which is quite current compared to its competitors.
Currencies to Obtain. Depending upon 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 readily 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.
Kind of service: Direct lending.
Cryptocurrencies are unpredictable creatures. 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 approach is particularly simple to do.
If you could simply deposit your crypto somewhere and make interest on it, what. In this manner, 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 cost savings. If you remain in the marketplace for a crypto-backed loan, Youhodler can deal with that also because it lends out its crypto on deposits. Let’s see how it works.
YouHodler is a cryptocurrency exchange that concentrates on crypto financing and high-interest cost savings for Hodlers. YouHodler is based in Limassol, Limassol, Cyprus. Earn Crypto Watching Videos
The company’s CEO is Ilya Volkov. YouHodler is a main Blockchain Association member of the Financial Commission. YouHodler is not offered in the United States in addition to in about a dozen other countries.