Looking for Robinhood Crypto Lending…YouHodler is a Swiss-based business that works as a crypto-backed loan service provider. Among its primary concepts is that you can still HODL, without needing to wait on a spike to offer.
It allows users to obtain fiat funds quickly, based upon the worth 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 feature would be the choice to withdraw fiat to an individual checking account or personal charge card. Users can likewise hold their cryptocurrency in a YouHodler savings account.
It wouldn’t be improbable to think about YouHodler as a bank for your cryptocurrency. It is efficient and fast, permitting users to transfer their crypto properties with ease.
The platform focuses on delivering a well-rounded experience for its users. You will discover everything that a crypto owner or a financier would possibly need. Simply put, YouHodler offers a range of services that lets you harness your digital properties.
YouHodler’s wallet is designed with simpleness 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 uses devoted wallet styles for Bitcoin and over 14 other popular cryptocurrencies.
Is YouHodler legitimate? Robinhood Crypto Lending
Possibly the most notable function at YouHodler is its ability to use you loans. A financier might consider these funding chances as a means of hedging. Crucially, it gives you access to a flexible 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 gets rid of a huge part of the danger that accompanies financial investment choices.
YouHodler is certainly a leading gamer in this area– not least because it provides a top-rate loan-to-value ratio of approximately 90%. Outpacing its rivals, YouHodler accepts 15 different digital coins as security.
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 could get your interest rate as low as 2.5%.
Now let’s break down the loan procedure that YouHodler has in location.
YouHodler offers you a couple of options to select how you wish to back your loan. You can request a loan amount in fiat or Bitcoin– and you utilize numerous altcoins as security.
The preliminary application process works as follows:
Make a request using your crypto properties as security
Immediately receive an agreed loan amount in fiat (USD, EURO, and Stablecoins, Bitcoin).
As soon as you pay back the loan, you will immediately get the collateral back, regardless of whether its value has increased.
As you can see from the above, the process is as seamless as it could be. The business does not carry out any credit history checks or take time to consider whether you are qualified for a loan. On the contrary, if you have sufficient security 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 options for loan periods:.
30 days– 90% LTV.
60 days– 70% LTV.
180 days– 50% LTV.
Your interest rate is not figured out by the quantity of collateral that you set up. Rather, it depends upon the kind of plan you choose.
YouHodler offers the same rates of interest for all its users. As the neighborhood grows, the company hopes that its rates of interest will also drop appropriately. 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..
Solid Insurance coverage. Crypto possessions are insured for up to $150 million.
Stablecoin Interest. YouHodler offers a few of the best rate of interest for stablecoins.
Unique Functions. You’ll find cool products such as the Multi HODL and the Turbocharge, which you won’t find 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 quite current compared to its rivals.
Currencies to Borrow. Depending on the currencies you utilize as collateral, you can only get loans in USD, EUR, GBP, and BTC..
Year established: 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 readily available for loaning: BTC, BCH, BNB, ETH, LTC, XLM, XRP, DASH, HT, ASSOCIATE, 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 proficient at trading them or simply hold and hope your crypto gains in value. Since of volatility, neither method is especially easy to do.
What if you could simply transfer your crypto someplace 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 because it lends out its crypto on deposits.
YouHodler is a cryptocurrency exchange that focuses on crypto lending and high-interest cost savings for Hodlers. YouHodler is based in Limassol, Limassol, Cyprus. Robinhood Crypto Lending
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 lots other nations.