Find People Using Loans To Buy Bitcoin – Cryptocurrency

Looking for People Using Loans To Buy Bitcoin…YouHodler is a Swiss-based company that functions as a crypto-backed loan provider. Among its primary principles is that you can still HODL, without having to wait for a spike to sell.

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

The most beneficial 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 far-fetched to think about YouHodler as a bank for your cryptocurrency. It is quick and efficient, permitting users to move 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 an investor would potentially need. In other words, YouHodler provides a range of services that lets you harness your digital assets.

YouHodler Wallet

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

Is YouHodler legitimate? People Using Loans To Buy Bitcoin

Maybe the most notable feature at YouHodler is its capability to offer you loans. An investor might consider these financing chances as a means of hedging. Crucially, it offers you access to a versatile course to get in the cryptocurrency trading markets.

With a crypto-backed line of credit, 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 investment options.

 

YouHodler is undoubtedly a leading player in this area– not least due to the fact that it provides a top-rate loan-to-value ratio of as much as 90%. Surpassing its competitors, YouHodler accepts 15 different digital coins as security.

Users can receive both instant 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 fairly 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 provides you a couple of alternatives to choose how you wish to back your loan. You can make an application for a loan quantity in fiat or Bitcoin– and you utilize numerous altcoins as security.

The initial application process works as follows:

Make a request using your crypto properties as collateral
Quickly receive an agreed loan quantity in fiat (USD, EURO, and Stablecoins, Bitcoin).
Once you repay the loan, you will right away get the security back, regardless of whether its value 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 history checks or take some time to consider whether you are qualified for a loan. On the contrary, if you have adequate security and a confirmed account, you are great to go.

 

How do you get paid on YouHodler?

  • Loan Terms and Quantities.

    YouHodler has different packages for loans that include predefined terms.

    There are 3 alternatives for loan periods:.

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

    Your rate of interest is not determined by the quantity of security that you installed. Rather, it depends on the kind of plan you select.

    YouHodler uses the same rates of interest for all its users. As the neighborhood grows, the provider hopes that its rate of interest will likewise drop appropriately. YouHodler also has an affiliate program to motivate its users to invite others to join the platform to help accelerate this goal.

     

    Pros of YouHodler:.
    Strong Security. YouHodler put in place many ways to keep your funds safe..
    Strong Insurance coverage. Crypto possessions are insured for as much as $150 million.
    Stablecoin Interest. YouHodler offers a few of the very best interest rates for stablecoins.
    Special Functions. 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 rivals.
    Currencies to Obtain. Depending upon the currencies you utilize as security, you can only 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 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 lending.

    Cryptocurrencies are unpredictable animals. To make a profit, you have to be good at trading them or simply hold and hope your crypto gains in value. Since of volatility, neither technique is particularly simple to do.

    What if you could simply deposit your crypto somewhere and earn interest on it. It pays high interest on savings. If you’re in the market for a crypto-backed loan, Youhodler can manage that likewise given that it loans out its crypto on deposits.

    YouHodler is a cryptocurrency exchange that concentrates on crypto lending and high-interest savings for Hodlers. YouHodler is based in Limassol, Limassol, Cyprus. People Using Loans To Buy Bitcoin

    The company’s CEO is Ilya Volkov. YouHodler is an official Blockchain Association member of the Financial Commission. YouHodler is not available in the United States as well as in about a dozen other countries.