Find How To Borrow Money With Collateral – Cryptocurrency

Looking for How To Borrow Money With Collateral…YouHodler is a Swiss-based company that works as a crypto-backed loan provider. One of its main ideas is that you can still HODL, without having to wait on a spike to offer.

It allows users to borrow fiat funds quickly, based on the worth of their cryptocurrency property holdings. Apart from that, one can transform crypto to crypto, crypto to fiat, and also engage with stablecoins.

The most advantageous feature would be the alternative to withdraw fiat to a personal savings account or personal credit card. Users can also 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, permitting users to transfer their crypto assets with ease.

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

YouHodler Wallet

YouHodler’s wallet is developed with simplicity and performance in mind. You can move your cryptocurrency, transform it to fiat, and hold the funds for investment functions in your wallet. The business uses dedicated wallet styles for Bitcoin and over 14 other popular cryptocurrencies.

Is YouHodler legitimate? How To Borrow Money With Collateral

Maybe the most noteworthy function at YouHodler is its capability to provide you loans. A financier could consider these funding chances as a means of hedging. Most importantly, it gives you access to a versatile course to get in the cryptocurrency trading markets.

With a crypto-backed credit line, you can get fiat when you require it without touching your crypto portfolio at all. It eliminates a huge part of the risk that accompanies investment choices.

 

YouHodler is unquestionably a leading gamer in this space– not least because it uses a top-rate loan-to-value ratio of up to 90%. Surpassing its competitors, YouHodler accepts 15 various digital coins as security.

Users can get both instant cash loans and crypto loans in USD, EURO, GBP, CHF, and even in Bitcoin( BTC) and Tether( USDT). The rates of interest on crypto loans are relatively reasonably at 12% APR. If you are taking out a short-term loan, you could get your interest rate 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 make an application for a loan amount in fiat or Bitcoin– and you use multiple altcoins as security.

The initial application process works as follows:

Make a demand using your crypto properties as security
Immediately get an agreed loan amount in fiat (USD, EURO, and Stablecoins, Bitcoin).
As soon as you pay back the loan, you will immediately get the security back, regardless of whether its worth has increased.

As you can see from the above, the procedure is as seamless as it could be. The business does not perform any credit history checks or require time to think about whether you are qualified for a loan. On the contrary, if you have enough collateral and a verified account, you are good to go.

 

How do you get paid on YouHodler?

  • Loan Terms and Quantities.

    YouHodler has various bundles 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 determined by the amount of collateral that you installed. Rather, it depends on the type of strategy you choose.

    YouHodler uses the exact same rate of interest for all its users. As the community grows, the company hopes that its rates of interest will also drop appropriately. YouHodler also has an affiliate program to encourage 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 ways to keep your funds safe..
    Solid Insurance coverage. Crypto properties are guaranteed 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 products 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 leading 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 recent compared to its competitors.
    Currencies to Obtain. Depending on the currencies you utilize as collateral, you can just get loans in USD, EUR, GBP, and BTC..
    Year founded: 2018.
    Headquarters: Cyprus and Switzerland.
    Licenses: European Union Financial Commission.
    Currencies available to earn interest: Fiat (USD, EUR, CHF, GBP), crypto (BTC), and stablecoin loans (USDT, USDC, TUSD, PAX, PAXG).
    Currencies offered for loaning: BTC, BCH, BNB, ETH, LTC, XLM, XRP, DASH, HT, REP, and 15 other popular coins with the list growing.
    Type of service: Direct lending.

    Cryptocurrencies are unstable creatures. To earn a profit, you need to be proficient at trading them or simply hold and hope your crypto gains in worth. Because of volatility, neither method is especially simple to do.

    What if you might simply transfer your crypto somewhere and make interest on it. In this manner, if the rate boosts by a percentage or not at all, you can still make a profit. That’s what YouHodler does. It pays high interest on cost savings. If you’re in the market for a crypto-backed loan, Youhodler can deal with that also considering that it loans 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. How To Borrow Money With Collateral

    The company’s CEO is Ilya Volkov. YouHodler is an official Blockchain Association member of the Financial Commission. YouHodler is not offered in the United States as well as in about a lots other nations.