Looking for Nex Crypto Exchange…YouHodler is a Swiss-based business that acts as a crypto-backed loan company. Among its main principles is that you can still HODL, without needing to await a spike to offer.
It allows users to borrow fiat funds immediately, based on the worth of their cryptocurrency possession holdings. Apart from that, one can transform crypto to crypto, crypto to fiat, and likewise engage with stablecoins.
The most useful feature would be the alternative to withdraw fiat to a personal bank 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 efficient, allowing users to move their crypto assets with ease.
The platform focuses on providing a well-rounded experience for its users. You will discover everything 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 properties.
YouHodler’s wallet is developed 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 uses dedicated wallet styles for Bitcoin and over 14 other popular cryptocurrencies.
Is YouHodler legitimate? Nex Crypto Exchange
Perhaps the most notable function at YouHodler is its capability to offer you loans. An investor might think about these financing chances as a means of hedging. Crucially, it gives you access to a versatile course to go into 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 removes a big part of the threat that accompanies investment options.
YouHodler is undoubtedly a leading player in this space– not least because it offers a top-rate loan-to-value ratio of as much as 90%. Outpacing its competitors, YouHodler accepts 15 various digital coins as collateral.
Users can get both immediate 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 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 offers you a couple of options to choose how you want to back your loan. You can request a loan amount in fiat or Bitcoin– and you utilize several altcoins as collateral.
The initial application process works as follows:
Make a demand using your crypto assets as security
Instantly receive an agreed loan quantity in fiat (USD, EURO, and Stablecoins, Bitcoin).
When you pay back the loan, you will immediately get the security back, regardless of whether its worth has actually 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 take some 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 packages for loans that feature predefined terms.
There are three choices for loan durations:.
30 days– 90% LTV.
60 days– 70% LTV.
180 days– 50% LTV.
Your rates of interest is not identified by the amount of collateral that you installed. Rather, it depends upon the type of plan you select.
YouHodler provides the same interest rate for all its users. As the community grows, the service provider hopes that its interest rates will also 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 many ways to keep your funds safe..
Solid Insurance coverage. Crypto properties are guaranteed for approximately $150 million.
Stablecoin Interest. YouHodler provides a few of the best rate of interest for stablecoins.
Distinct Features. You’ll find cool items such as the Multi HODL and the Turbocharge, which you won’t find 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 recent compared to its competitors.
Currencies to Borrow. Depending upon the currencies you use as security, you can just get loans in USD, EUR, GBP, and BTC..
Year established: 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 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 loaning.
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. This way, if the rate increases 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 remain in the marketplace for a crypto-backed loan, Youhodler can handle that also given that it loans out its crypto on deposits. Let’s see how it works.
YouHodler is a cryptocurrency exchange that concentrates on crypto lending and high-interest savings for Hodlers. YouHodler is based in Limassol, Limassol, Cyprus. Nex Crypto Exchange
The company’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 lots other countries.