Find How To Get A Bitcoin Credit Card – Cryptocurrency

Looking for How To Get A Bitcoin Credit Card…YouHodler is a Swiss-based company that functions as a crypto-backed loan provider. Among its main concepts is that you can still HODL, without needing to wait for a spike to sell.

It enables users to obtain fiat funds instantly, based on the value of their cryptocurrency asset holdings. Apart from that, one can convert crypto to crypto, crypto to fiat, and also engage with stablecoins.

The most beneficial feature would be the option to withdraw fiat to a personal savings account or personal charge 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 quick and effective, permitting users to move their crypto assets with ease.

The platform focuses on delivering a well-rounded experience for its users. You will find everything that a crypto owner or a financier would possibly require. Simply put, YouHodler uses a variety of services that lets you harness your digital assets.

YouHodler Wallet

YouHodler’s wallet is designed with simplicity and effectiveness in mind. You can move your cryptocurrency, convert it to fiat, and hold the funds for financial investment functions in your wallet. The company provides dedicated wallet designs for Bitcoin and over 14 other popular cryptocurrencies.

Is YouHodler legitimate? How To Get A Bitcoin Credit Card

Perhaps the most noteworthy function at YouHodler is its capability to use you loans. A financier could consider these financing chances as a means of hedging. Most importantly, it provides you access to a flexible path to get in 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 gets rid of a huge part of the threat that accompanies financial investment options.

 

YouHodler is unquestionably a leading player in this area– not least since it uses a top-rate loan-to-value ratio of approximately 90%. Outpacing its competitors, YouHodler accepts 15 various digital coins as collateral.

Users can receive both immediate cash 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 might get your rate of interest as low as 2.5%.

Now let’s break down the loan procedure that YouHodler has in place.

 

YouHodler gives you a couple of options to pick how you wish to back your loan. You can request a loan amount in fiat or Bitcoin– and you use multiple altcoins as security.

The preliminary application process works as follows:

Make a request using your crypto properties as collateral
Instantly receive an agreed loan amount in fiat (USD, EURO, and Stablecoins, Bitcoin).
When you pay back the loan, you will right away get the security back, no matter whether its value has increased.

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

 

How do you get paid on YouHodler?

  • Loan Terms and Amounts.

    YouHodler has various plans for loans that feature predefined terms.

    There are three choices for loan durations:.

    One month– 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. Rather, it depends upon the type of strategy you choose.

    YouHodler uses the same rate of interest for all its users. As the community grows, the supplier hopes that its rates of interest will likewise drop accordingly. 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 possessions are insured for as much as $150 million.
    Stablecoin Interest. YouHodler offers some of the best rate of interest for stablecoins.
    Distinct Features. You’ll find cool products such as the Multi HODL and the Turbocharge, which you won’t find anywhere else.
    Versatile 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 quite current compared to its rivals.
    Currencies to Borrow. Depending upon the currencies you utilize as security, you can only get loans in USD, EUR, GBP, and BTC..
    Year founded: 2018.
    Head office: 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 offered for borrowing: BTC, BCH, BNB, ETH, LTC, XLM, XRP, DASH, HT, REP, and 15 other popular coins with the list growing.
    Kind of service: Direct loaning.

    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 technique is particularly simple to do.

    What if you might just transfer your crypto somewhere and make interest on it. By doing this, 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. Youhodler can handle that also since 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 financing and high-interest savings for Hodlers. YouHodler is based in Limassol, Limassol, Cyprus. How To Get A Bitcoin Credit Card

    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.