Looking for Rene Van Kesteren Youhodler…YouHodler is a Swiss-based business that serves as a crypto-backed loan company. Among its primary principles is that you can still HODL, without needing to wait for a spike to sell.
It permits users to borrow fiat funds quickly, based upon the worth of their cryptocurrency property holdings. Apart from that, one can convert crypto to crypto, crypto to fiat, and likewise engage with stablecoins.
The most helpful function would be the alternative to withdraw fiat to a personal savings account or personal charge card. Users can likewise hold their cryptocurrency in a YouHodler savings account.
It would not be improbable to think about YouHodler as a bank for your cryptocurrency. It is fast and efficient, enabling users to transfer their crypto assets with ease.
The platform focuses on delivering a well-rounded experience for its users. You will find whatever that a crypto owner or a financier would potentially need. In other words, YouHodler uses a range of services that lets you harness your digital properties.
YouHodler’s wallet is designed with simplicity and efficiency in mind. You can move your cryptocurrency, transform it to fiat, and hold the funds for financial investment functions in your wallet. The company offers devoted wallet designs for Bitcoin and over 14 other popular cryptocurrencies.
Is YouHodler legitimate? Rene Van Kesteren Youhodler
Maybe the most significant function at YouHodler is its capability to use you loans. An investor could think about these financing opportunities as a means of hedging. Most importantly, 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 eliminates a huge part of the danger that accompanies investment choices.
YouHodler is undoubtedly a leading player in this area– not least since it offers a top-rate loan-to-value ratio of up to 90%. Outmatching its rivals, YouHodler accepts 15 various digital coins as collateral.
Users can get both instantaneous money 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 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 few alternatives to choose how you want to back your loan. You can obtain a loan quantity in fiat or Bitcoin– and you use several altcoins as collateral.
The preliminary application process works as follows:
Make a request using your crypto assets as security
Quickly get an agreed loan quantity in fiat (USD, EURO, and Stablecoins, Bitcoin).
When you pay back the loan, you will right away get the security back, regardless of whether its worth has increased.
As you can see from the above, the process is as smooth as it could be. The business 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 enough collateral and a confirmed account, you are excellent to go.
How do you get paid on YouHodler?
Loan Terms and Quantities.
YouHodler has various plans for loans that include predefined terms.
There are 3 choices for loan periods:.
One month– 90% LTV.
60 days– 70% LTV.
180 days– 50% LTV.
Your rates of interest is not identified by the quantity of collateral that you set up. Rather, it depends upon the type of plan you choose.
YouHodler provides the exact same rate of interest for all its users. As the neighborhood grows, the supplier hopes that its rates of interest will also drop accordingly. YouHodler also has an affiliate program to motivate its users to welcome others to sign up with the platform to help accelerate this goal.
Pros of YouHodler:.
Strong Security. YouHodler put in place numerous methods to keep your funds safe..
Solid Insurance. Crypto properties are guaranteed for as much as $150 million.
Stablecoin Interest. YouHodler provides some of the best rate of interest for stablecoins.
Special Features. You’ll discover cool items such as the Multi HODL and the Turbocharge, which you will not find anywhere else.
Flexible 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 current compared to its competitors.
Currencies to Borrow. Depending upon the currencies you use as security, 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 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 loaning.
Cryptocurrencies are unpredictable creatures. To earn a profit, you have to be good at trading them or just hold and hope your crypto gains in worth. Neither technique is especially easy to do because of volatility.
If you could simply deposit your crypto someplace and make interest on it, what. This way, if the cost boosts by a small amount or not at all, you can still make a profit. That’s what YouHodler does. It pays high interest on savings. Youhodler can handle that likewise considering that it lends 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 concentrates on crypto financing and high-interest savings for Hodlers. YouHodler is based in Limassol, Limassol, Cyprus. Rene Van Kesteren Youhodler
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 as well as in about a dozen other nations.