Find Reddit Blockfi New York – Cryptocurrency

Looking for Reddit Blockfi New York…YouHodler is a Swiss-based company that acts as a crypto-backed loan company. Among its primary principles is that you can still HODL, without having to await a spike to sell.

It allows users to borrow fiat funds quickly, based on the value of their cryptocurrency possession holdings. Apart from that, one can convert crypto to crypto, crypto to fiat, and also engage with stablecoins.

The most useful function would be the choice to withdraw fiat to a personal bank account or individual charge card. Users can also hold their cryptocurrency in a YouHodler savings account.

It wouldn’t be far-fetched to think about YouHodler as a bank for your cryptocurrency. It is effective and quick, 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 possibly need. In other words, YouHodler uses a range of services that lets you harness your digital assets.

YouHodler Wallet

YouHodler’s wallet is developed with simpleness and effectiveness in mind. You can move your cryptocurrency, convert it to fiat, and hold the funds for financial investment purposes in your wallet. The company provides dedicated wallet designs for Bitcoin and over 14 other popular cryptocurrencies.

Is YouHodler legitimate? Reddit Blockfi New York

Maybe the most noteworthy function at YouHodler is its capability to provide you loans. A financier could consider these financing opportunities as a means of hedging. Most importantly, it provides 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 gets rid of a huge part of the danger that accompanies financial investment options.

 

YouHodler is unquestionably a leading gamer in this space– not least because it uses a top-rate loan-to-value ratio of as much as 90%. Outpacing its rivals, YouHodler accepts 15 various digital coins as security.

Users can get both immediate 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 might get your interest rate as low as 2.5%.

Now let’s break down the loan process that YouHodler has in location.

 

YouHodler gives you a few choices to pick 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 demand utilizing your crypto assets as collateral
Quickly receive an agreed loan quantity in fiat (USD, EURO, and Stablecoins, Bitcoin).
Once you repay the loan, you will instantly get the security back, despite whether its value has 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 score checks or take some time to think about whether you are eligible for a loan. On the contrary, if you have enough security and a verified account, you are good to go.

 

How do you get paid on YouHodler?

  • Loan Terms and Quantities.

    YouHodler has various packages for loans that include predefined terms.

    There are three choices for loan durations:.

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

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

    YouHodler uses the exact same rates of interest for all its users. As the community grows, the supplier hopes that its rate of interest will likewise drop accordingly. YouHodler also has an affiliate program to motivate its users to welcome others to join the platform to assist 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 offers a few of the best rates of interest for stablecoins.
    Distinct Features. You’ll find cool products such as the Multi HODL and the Turbocharge, which you won’t 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 security with 90% loan-to-value.

    Is CoinLoan safe?

     

    Cons of YouHodler:.
    Seniority. YouHodler was founded in 2018, which is rather current compared to its competitors.
    Currencies to Obtain. Depending on the currencies you use 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 readily available to make 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 lending.

    Cryptocurrencies are unpredictable animals. To earn a profit, you have to be proficient at trading them or simply hold and hope your crypto gains in value. Because of volatility, neither method is particularly easy to do.

    What if you might simply transfer your crypto somewhere and make interest on it. It pays high interest on cost savings. If you’re in the market for a crypto-backed loan, Youhodler can manage that likewise considering that it lends out its crypto on deposits.

    YouHodler is a cryptocurrency exchange that focuses on crypto lending and high-interest savings for Hodlers. YouHodler is based in Limassol, Limassol, Cyprus. Reddit Blockfi New York

    The business’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 countries.