Looking for Etlyte Crypto Loans…YouHodler is a Swiss-based company that works as a crypto-backed loan provider. Among its primary ideas is that you can still HODL, without needing to wait on a spike to offer.
It permits users to borrow fiat funds instantly, based upon 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 useful function would be the choice to withdraw fiat to a personal savings account or individual credit card. Users can likewise hold their cryptocurrency in a YouHodler savings account.
It would not be improbable to consider YouHodler as a bank for your cryptocurrency. It is effective and fast, allowing users to move their crypto assets with ease.
The platform focuses on providing a well-rounded experience for its users. You will find everything that a crypto owner or a financier would possibly require. To put it simply, YouHodler uses a range of services that lets you harness your digital properties.
YouHodler’s wallet is designed with simplicity and effectiveness in mind. You can transfer your cryptocurrency, transform it to fiat, and hold the funds for investment purposes in your wallet. The company uses dedicated wallet styles for Bitcoin and over 14 other popular cryptocurrencies.
Is YouHodler legitimate? Etlyte Crypto Loans
Perhaps the most notable feature at YouHodler is its ability to offer you loans. A financier could think about these funding chances as a means of hedging. Most importantly, it provides 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 removes a big part of the danger that accompanies investment choices.
YouHodler is undoubtedly a leading player in this space– not least due to the fact that it provides a top-rate loan-to-value ratio of approximately 90%. Surpassing its competitors, YouHodler accepts 15 different digital coins as security.
Users can get 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 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 procedure that YouHodler has in place.
YouHodler provides you a few options to select how you wish to back your loan. You can look for a loan amount in fiat or Bitcoin– and you utilize several altcoins as collateral.
The preliminary application procedure works as follows:
Make a demand using your crypto assets as security
Quickly receive an agreed loan quantity in fiat (USD, EURO, and Stablecoins, Bitcoin).
As soon as you pay back the loan, you will right away get the collateral back, regardless of whether its value has actually increased.
As you can see from the above, the procedure is as smooth as it could be. The company does not perform any credit history checks or take some time to consider whether you are qualified 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 Amounts.
YouHodler has different plans for loans that include predefined terms.
There are 3 choices for loan durations:.
1 month– 90% LTV.
60 days– 70% LTV.
180 days– 50% LTV.
Your rate of interest is not identified by the amount of collateral that you put up. Instead, it depends upon the type of strategy you pick.
YouHodler offers the same interest rate for all its users. As the neighborhood grows, the service provider hopes that its interest rates will also drop appropriately. YouHodler also has an affiliate program to motivate its users to invite others to join the platform to help accelerate this objective.
Pros of YouHodler:.
Strong Security. YouHodler put in place numerous ways to keep your funds safe..
Solid Insurance. Crypto possessions are insured for as much as $150 million.
Stablecoin Interest. YouHodler offers a few of the best interest rates for stablecoins.
Unique Features. You’ll discover cool items such as the Multi HODL and the Turbocharge, which you will not find anywhere else.
Flexible Terms. You can increase the duration 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 rather current compared to its rivals.
Currencies to Borrow. Depending upon the currencies you utilize as collateral, you can only receive loans in USD, EUR, GBP, and BTC..
Year established: 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 creatures. To make a profit, you need to be proficient at trading them or just hold and hope your crypto gains in value. Neither method is especially easy to do because of volatility.
If you could simply deposit your crypto someplace and make interest on it, what. This way, if the price boosts by a small amount 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 likewise because 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 focuses on crypto lending and high-interest cost savings for Hodlers. YouHodler is based in Limassol, Limassol, Cyprus. Etlyte Crypto Loans
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 along with in about a dozen other nations.