Find Nexo Youhodler – Cryptocurrency

Looking for Nexo Youhodler…YouHodler is a Swiss-based company that serves as a crypto-backed loan service provider. One of its primary concepts is that you can still HODL, without needing to wait for a spike to offer.

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

The most beneficial function would be the choice to withdraw fiat to an individual 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 fast and efficient, allowing users to move their crypto assets with ease.

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

YouHodler Wallet

YouHodler’s wallet is designed 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 provides devoted wallet styles for Bitcoin and over 14 other popular cryptocurrencies.

Is YouHodler legitimate? Nexo Youhodler

Maybe the most noteworthy feature at YouHodler is its capability to use you loans. A financier might think about these funding chances as a means of hedging. Crucially, it provides you access to a versatile path to enter 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 huge part of the threat that accompanies financial investment choices.

 

YouHodler is certainly a leading player in this area– not least due to the fact that it uses a top-rate loan-to-value ratio of as much as 90%. Outpacing its rivals, YouHodler accepts 15 various digital coins as collateral.

Users can get both instant cash 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 place.

 

YouHodler gives you a couple of choices to choose how you wish to back your loan. You can make an application for a loan quantity in fiat or Bitcoin– and you use several altcoins as security.

The preliminary application process works as follows:

Make a request utilizing your crypto assets as collateral
Instantly receive an agreed loan amount in fiat (USD, EURO, and Stablecoins, Bitcoin).
Once you repay 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 process is as seamless as it could be. The company does not carry out any credit score checks or take time to consider whether you are qualified for a loan. On the contrary, if you have enough collateral and a confirmed account, you are excellent to go.

 

How do you get paid on YouHodler?

  • Loan Terms and Quantities.

    YouHodler has different packages for loans that feature predefined terms.

    There are 3 choices for loan durations:.

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

    Your rate of interest is not identified by the amount of collateral that you put up. Instead, it depends upon the type of strategy you choose.

    YouHodler provides the exact same rates of interest for all its users. As the community grows, the company hopes that its rates of interest will also drop appropriately. YouHodler also has an affiliate program to encourage its users to invite 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. Crypto properties are guaranteed for approximately $150 million.
    Stablecoin Interest. YouHodler provides some of the best interest rates for stablecoins.
    Special Functions. You’ll find cool products such as the Multi HODL and the Turbocharge, which you won’t discover anywhere else.
    Flexible Terms. You can increase the duration of your loans at any time.
    High LTV. The leading 20 coins can be utilized as collateral with 90% loan-to-value.

    Is CoinLoan safe?

     

    Cons of YouHodler:.
    Seniority. YouHodler was founded in 2018, which is rather current compared to its rivals.
    Currencies to Obtain. Depending on the currencies you utilize as security, you can only receive loans in USD, EUR, GBP, and BTC..
    Year founded: 2018.
    Headquarters: 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 unstable animals. To make a profit, you have to be good at trading them or simply hold and hope your crypto gains in worth. Because of volatility, neither approach is especially easy to do.

    If you might just deposit your crypto somewhere and earn interest on it, what. In this manner, if the price boosts by a percentage or not at all, you can still earn a profit. That’s what YouHodler does. It pays high interest on savings. Youhodler can manage that also since 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 specializes in crypto financing and high-interest savings for Hodlers. YouHodler is based in Limassol, Limassol, Cyprus. Nexo Youhodler

    The business’s CEO is Ilya Volkov. YouHodler is a main Blockchain Association member of the Financial Commission. YouHodler is not available in the United States as well as in about a lots other countries.