Find Is Youhodler And Gemini The Same – Cryptocurrency

Looking for Is Youhodler And Gemini The Same…YouHodler is a Swiss-based business that serves as a crypto-backed loan company. One of its main principles is that you can still HODL, without having to wait on a spike to offer.

It allows users to borrow fiat funds quickly, based upon the worth of their cryptocurrency property holdings. Apart from that, one can convert 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 bank account or individual credit card. Users can also 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 fast and effective, allowing users to transfer their crypto assets with ease.

The platform focuses on delivering a well-rounded experience for its users. You will discover whatever that a crypto owner or a financier would potentially need. Simply put, YouHodler provides a variety of services that lets you harness your digital properties.

YouHodler Wallet

YouHodler’s wallet is created with simplicity and effectiveness in mind. You can transfer your cryptocurrency, convert 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? Is Youhodler And Gemini The Same

Possibly the most significant function at YouHodler is its capability to provide you loans. An investor might consider these funding opportunities as a means of hedging. Crucially, it provides you access to a flexible path to get in the cryptocurrency trading markets.

With a crypto-backed credit line, you can get fiat when you need it without touching your crypto portfolio at all. It gets rid of a big part of the risk that accompanies financial investment options.

 

YouHodler is unquestionably a leading player in this space– not least since it provides a top-rate loan-to-value ratio of as much as 90%. Outmatching its competitors, YouHodler accepts 15 different digital coins as collateral.

Users can receive both immediate money 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 rates of interest as low as 2.5%.

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

 

YouHodler offers you a few choices to choose how you want to back your loan. You can make an application for a loan quantity in fiat or Bitcoin– and you use multiple altcoins as security.

The preliminary application process works as follows:

Make a request utilizing your crypto properties as collateral
Quickly get an agreed loan quantity in fiat (USD, EURO, and Stablecoins, Bitcoin).
Once you repay the loan, you will instantly get the collateral back, no matter whether its worth has increased.

As you can see from the above, the process is as smooth as it could be. The business does not perform any credit report checks or take some time to think about whether you are eligible for a loan. On the contrary, if you have enough security and a confirmed account, you are good to go.

 

How do you get paid on YouHodler?

  • Loan Terms and Amounts.

    YouHodler has different bundles for loans that include predefined terms.

    There are 3 alternatives for loan periods:.

    One month– 90% LTV.
    60 days– 70% LTV.
    180 days– 50% LTV.

    Your rate of interest is not figured out by the quantity of collateral that you put up. Instead, it depends on the type of strategy you select.

    YouHodler provides the very same rates of interest for all its users. As the community grows, the company hopes that its rate of interest will likewise drop appropriately. YouHodler likewise has an affiliate program to encourage its users to invite others to sign up with the platform to assist accelerate this goal.

     

    Pros of YouHodler:.
    Strong Security. YouHodler put in place lots of ways to keep your funds safe..
    Solid Insurance. Crypto assets are insured for up to $150 million.
    Stablecoin Interest. YouHodler offers some of the best rate of interest for stablecoins.
    Special Features. You’ll discover cool products such as the Multi HODL and the Turbocharge, which you will not discover anywhere else.
    Flexible Terms. You can increase the period 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 current compared to its competitors.
    Currencies to Borrow. Depending upon the currencies you use 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 readily available to earn 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 volatile animals. To make a profit, you need to be proficient at trading them or just hold and hope your crypto gains in worth. Neither approach is especially easy to do because of volatility.

    If you could simply deposit your crypto someplace and earn interest on it, what. In this manner, if the price increases by a percentage or not at all, you can still make a profit. That’s what YouHodler does. It pays high interest on savings. Youhodler can handle that also because it loans 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 concentrates on crypto loaning and high-interest savings for Hodlers. YouHodler is based in Limassol, Limassol, Cyprus. Is Youhodler And Gemini The Same

    The business’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 dozen other countries.