Find List Of Crypto Lending Scams – Cryptocurrency

Looking for List Of Crypto Lending Scams…YouHodler is a Swiss-based business that serves as a crypto-backed loan provider. Among its primary ideas is that you can still HODL, without needing to wait for a spike to offer.

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

The most useful feature would be the option to withdraw fiat to a personal savings account or personal charge card. Users can likewise hold their cryptocurrency in a YouHodler savings account.

It would not be far-fetched to think about YouHodler as a bank for your cryptocurrency. It is efficient and fast, enabling users to move their crypto assets with ease.

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

YouHodler Wallet

YouHodler’s wallet is developed with simplicity and effectiveness in mind. You can transfer your cryptocurrency, convert it to fiat, and hold the funds for investment functions in your wallet. The business offers devoted wallet designs for Bitcoin and over 14 other popular cryptocurrencies.

Is YouHodler legitimate? List Of Crypto Lending Scams

Perhaps the most significant function at YouHodler is its capability to provide you loans. A financier might consider these financing chances as a means of hedging. Crucially, it offers you access to a flexible 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 threat that accompanies investment choices.

 

YouHodler is certainly a leading player in this space– not least since it offers a top-rate loan-to-value ratio of up to 90%. Outpacing its rivals, YouHodler accepts 15 different digital coins as security.

Users can receive both instantaneous 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 offers you a couple of options to pick how you want to back your loan. You can request a loan quantity in fiat or Bitcoin– and you use numerous altcoins as security.

The initial application process works as follows:

Make a demand using your crypto possessions as collateral
Instantly get an agreed loan amount in fiat (USD, EURO, and Stablecoins, Bitcoin).
Once you repay the loan, you will instantly get the security back, no matter whether its value has actually increased.

As you can see from the above, the procedure is as smooth as it could be. The business does not carry out any credit report checks or take some time to consider whether you are eligible for a loan. On the contrary, if you have adequate security and a validated account, you are great to go.

 

How do you get paid on YouHodler?

  • Loan Terms and Quantities.

    YouHodler has different plans for loans that come with predefined terms.

    There are three choices for loan durations:.

    30 days– 90% LTV.
    60 days– 70% LTV.
    180 days– 50% LTV.

    Your rate of interest is not determined by the amount of security that you installed. Instead, it depends upon the kind of plan you pick.

    YouHodler uses the very same rates of interest for all its users. As the neighborhood grows, the supplier hopes that its interest rates will likewise drop accordingly. YouHodler likewise has an affiliate program to encourage its users to welcome others to join the platform to assist accelerate this goal.

     

    Pros of YouHodler:.
    Strong Security. YouHodler put in place many ways to keep your funds safe..
    Strong Insurance coverage. Crypto assets are insured for as much as $150 million.
    Stablecoin Interest. YouHodler uses a few 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.
    Versatile Terms. You can increase the duration of your loans at any time.
    High LTV. The leading 20 coins can be used as collateral with 90% loan-to-value.

    Is CoinLoan safe?

     

    Cons of YouHodler:.
    Seniority. YouHodler was founded in 2018, which is quite recent compared to its rivals.
    Currencies to Borrow. Depending upon the currencies you use as collateral, you can just receive 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 readily available 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 financing.

    Cryptocurrencies are volatile creatures. To make a profit, you need to be good at trading them or simply hold and hope your crypto gains in value. Neither approach is especially easy to do because of volatility.

    What if you might simply deposit your crypto someplace and earn interest on it. It pays high interest on cost savings. If you’re in the market for a crypto-backed loan, Youhodler can deal with that likewise because it lends out its crypto on deposits.

    YouHodler is a cryptocurrency exchange that focuses on crypto financing and high-interest savings for Hodlers. YouHodler is based in Limassol, Limassol, Cyprus. List Of Crypto Lending Scams

    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 along with in about a dozen other nations.