Looking for Earn Free Crypto Tokens…YouHodler is a Swiss-based company that serves as a crypto-backed loan company. One of its main ideas is that you can still HODL, without needing to wait for a spike to offer.
It permits users to borrow fiat funds quickly, based upon the worth of their cryptocurrency asset holdings. Apart from that, one can convert crypto to crypto, crypto to fiat, and likewise engage with stablecoins.
The most useful function would be the choice to withdraw fiat to an individual bank account or individual credit card. Users can likewise hold their cryptocurrency in a YouHodler savings account.
It would not be improbable to think about YouHodler as a bank for your cryptocurrency. It is efficient and fast, enabling users to transfer their crypto possessions with ease.
The platform concentrates on delivering a well-rounded experience for its users. You will discover whatever that a crypto owner or an investor would perhaps need. Simply put, YouHodler uses a variety of services that lets you harness your digital properties.
YouHodler’s wallet is developed with simpleness and performance in mind. You can move your cryptocurrency, convert it to fiat, and hold the funds for financial investment purposes in your wallet. The company provides devoted wallet styles for Bitcoin and over 14 other popular cryptocurrencies.
Is YouHodler legitimate? Earn Free Crypto Tokens
Perhaps the most significant feature at YouHodler is its capability to use you loans. An investor could consider these financing chances as a means of hedging. Crucially, it provides you access to a versatile path 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 gets rid of a huge part of the danger that accompanies investment options.
YouHodler is undoubtedly a leading gamer in this space– not least because it offers a top-rate loan-to-value ratio of approximately 90%. Exceeding 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 rates of interest as low as 2.5%.
Now let’s break down the loan process that YouHodler has in place.
YouHodler gives you a couple of options to select how you wish to back your loan. You can request a loan amount in fiat or Bitcoin– and you use numerous altcoins as security.
The preliminary application procedure works as follows:
Make a request using your crypto possessions as collateral
Quickly receive an agreed loan amount in fiat (USD, EURO, and Stablecoins, Bitcoin).
When you repay the loan, you will instantly get the security back, no matter whether its worth 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 report checks or require time to think about whether you are eligible for a loan. On the contrary, if you have sufficient security and a confirmed account, you are excellent to go.
How do you get paid on YouHodler?
Loan Terms and Quantities.
YouHodler has different packages for loans that include predefined terms.
There are 3 options for loan periods:.
30 days– 90% LTV.
60 days– 70% LTV.
180 days– 50% LTV.
Your rates of interest is not determined by the quantity of security that you set up. Instead, it depends on the type of plan you select.
YouHodler uses the same rates of interest for all its users. As the neighborhood grows, the service provider hopes that its rates of interest will likewise 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..
Strong Insurance coverage. Crypto possessions are guaranteed for approximately $150 million.
Stablecoin Interest. YouHodler uses some of the best rates of interest for stablecoins.
Distinct Features. You’ll find cool items such as the Multi HODL and the Turbocharge, which you will not 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 security with 90% loan-to-value.
Is CoinLoan safe?
Cons of YouHodler:.
Seniority. YouHodler was founded in 2018, which is rather recent compared to its competitors.
Currencies to Borrow. Depending on the currencies you use as security, you can only get loans in USD, EUR, GBP, and BTC..
Year founded: 2018.
Headquarters: Cyprus and Switzerland.
Licenses: European Union Financial Commission.
Currencies offered to earn interest: Fiat (USD, EUR, CHF, GBP), crypto (BTC), and stablecoin loans (USDT, USDC, TUSD, PAX, PAXG).
Currencies readily available for borrowing: BTC, BCH, BNB, ETH, LTC, XLM, XRP, DASH, HT, REPRESENTATIVE, and 15 other popular coins with the list growing.
Kind of service: Direct lending.
Cryptocurrencies are unpredictable animals. To earn a profit, you have to be proficient at trading them or simply hold and hope your crypto gains in value. Neither technique is particularly easy to do because of volatility.
What if you could just deposit your crypto somewhere and earn interest on it. It pays high interest on savings. If you’re in the market for a crypto-backed loan, Youhodler can manage that also because it loans out its crypto on deposits.
YouHodler is a cryptocurrency exchange that specializes in crypto lending and high-interest cost savings for Hodlers. YouHodler is based in Limassol, Limassol, Cyprus. Earn Free Crypto Tokens
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 nations.