Looking for Loans For Bitcoin Miners…YouHodler is a Swiss-based company that serves as a crypto-backed loan service provider. Among its main principles is that you can still HODL, without needing to wait on a spike to sell.
It permits users to borrow fiat funds instantly, based upon the worth of their cryptocurrency asset holdings. Apart from that, one can transform crypto to crypto, crypto to fiat, and likewise engage with stablecoins.
The most useful function would be the option to withdraw fiat to an individual savings account or individual credit card. Users can also hold their cryptocurrency in a YouHodler savings account.
It would not be far-fetched to consider YouHodler as a bank for your cryptocurrency. It is fast and effective, enabling users to transfer their crypto properties with ease.
The platform concentrates on providing a well-rounded experience for its users. You will find everything that a crypto owner or an investor would possibly need. Simply put, YouHodler provides a variety of services that lets you harness your digital assets.
YouHodler’s wallet is developed with simpleness and performance in mind. You can move your cryptocurrency, transform it to fiat, and hold the funds for investment purposes in your wallet. The company offers devoted wallet styles for Bitcoin and over 14 other popular cryptocurrencies.
Is YouHodler legitimate? Loans For Bitcoin Miners
Maybe the most noteworthy function at YouHodler is its ability to offer you loans. An investor could think about these financing chances as a means of hedging. Crucially, it offers you access to a versatile path to go into 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 removes a big part of the threat that accompanies financial investment options.
YouHodler is certainly a leading gamer in this area– not least since it uses a top-rate loan-to-value ratio of up to 90%. Outmatching its rivals, YouHodler accepts 15 various digital coins as collateral.
Users can receive both instantaneous 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 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 procedure that YouHodler has in place.
YouHodler gives you a few choices to select how you wish to back your loan. You can look for a loan amount in fiat or Bitcoin– and you use multiple altcoins as collateral.
The initial application procedure works as follows:
Make a request utilizing your crypto properties 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 instantly get the collateral back, despite whether its worth has actually increased.
As you can see from the above, the procedure is as seamless as it could be. The company does not perform any credit history checks or take time to consider whether you are qualified for a loan. On the contrary, if you have adequate security and a verified account, you are excellent to go.
How do you get paid on YouHodler?
Loan Terms and Amounts.
YouHodler has different plans for loans that come with predefined terms.
There are 3 choices for loan durations:.
Thirty days– 90% LTV.
60 days– 70% LTV.
180 days– 50% LTV.
Your rates of interest is not figured out by the quantity of security that you set up. Rather, it depends on the type of plan you pick.
YouHodler provides the very same rates of interest for all its users. As the neighborhood grows, the provider hopes that its rate of interest will also drop appropriately. YouHodler also has an affiliate program to motivate 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 many ways to keep your funds safe..
Strong Insurance. Crypto assets are insured for up to $150 million.
Stablecoin Interest. YouHodler provides some of the best interest rates for stablecoins.
Unique Features. You’ll discover cool items 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 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 competitors.
Currencies to Obtain. Depending upon the currencies you utilize as collateral, you can only 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 available for loaning: BTC, BCH, BNB, ETH, LTC, XLM, XRP, DASH, HT, REPRESENTATIVE, and 15 other popular coins with the list growing.
Kind of service: Direct lending.
Cryptocurrencies are volatile animals. To make a profit, you have to be proficient at trading them or just hold and hope your crypto gains in worth. Due to the fact that of volatility, neither method is particularly simple to do.
What if you might just deposit your crypto someplace and make interest on it. It pays high interest on savings. If you’re in the market for a crypto-backed loan, Youhodler can deal with that also since it loans out its crypto on deposits.
YouHodler is a cryptocurrency exchange that specializes in crypto loaning and high-interest savings for Hodlers. YouHodler is based in Limassol, Limassol, Cyprus. Loans For Bitcoin Miners
The business’s CEO is Ilya Volkov. YouHodler is a main Blockchain Association member of the Financial Commission. YouHodler is not offered in the United States along with in about a dozen other countries.