Find Short Term Bitcoin Loans – Cryptocurrency

Looking for Short Term Bitcoin Loans…YouHodler is a Swiss-based company that works as a crypto-backed loan provider. Among its primary principles is that you can still HODL, without needing to wait on a spike to sell.

It permits users to obtain fiat funds instantly, based upon the value of their cryptocurrency property holdings. Apart from that, one can transform crypto to crypto, crypto to fiat, and also engage with stablecoins.

The most advantageous function would be the choice to withdraw fiat to a personal savings 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 fast and effective, permitting users to transfer their crypto possessions with ease.

The platform focuses on providing a well-rounded experience for its users. You will find whatever that a crypto owner or a financier would potentially need. Simply put, YouHodler provides a range of services that lets you harness your digital possessions.

YouHodler Wallet

YouHodler’s wallet is designed with simplicity and effectiveness in mind. You can transfer your cryptocurrency, convert it to fiat, and hold the funds for investment functions in your wallet. The company uses dedicated wallet designs for Bitcoin and over 14 other popular cryptocurrencies.

Is YouHodler legitimate? Short Term Bitcoin Loans

Possibly the most significant function at YouHodler is its ability to offer you loans. A financier might consider these funding opportunities as a means of hedging. Most importantly, it offers you access to a flexible path to get in the cryptocurrency trading markets.

With a crypto-backed line of credit, you can get fiat when you need it without touching your crypto portfolio at all. It eliminates a big part of the risk that accompanies financial investment options.

 

YouHodler is unquestionably a leading player in this space– not least because it offers a top-rate loan-to-value ratio of up to 90%. Exceeding its rivals, YouHodler accepts 15 various digital coins as collateral.

Users can get both instant money 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 rates of interest as low as 2.5%.

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

 

YouHodler offers you a couple of options to select how you wish to back your loan. You can obtain a loan amount in fiat or Bitcoin– and you utilize several altcoins as collateral.

The initial application process works as follows:

Make a demand using your crypto possessions as security
Immediately receive an agreed loan amount in fiat (USD, EURO, and Stablecoins, Bitcoin).
As soon as you repay the loan, you will immediately get the security back, no matter whether its worth has increased.

As you can see from the above, the procedure is as smooth as it could be. The business does not carry out any credit score checks or take time to think about whether you are eligible for a loan. On the contrary, if you have sufficient security and a validated account, you are excellent to go.

 

How do you get paid on YouHodler?

  • Loan Terms and Amounts.

    YouHodler has different plans for loans that come with predefined terms.

    There are three options for loan durations:.

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

    Your rates of interest is not determined by the amount of security that you put up. Instead, it depends on the type of plan you pick.

    YouHodler offers the very same rate of interest for all its users. As the community grows, the company hopes that its rates of interest will also drop accordingly. YouHodler also has an affiliate program to motivate its users to invite others to sign up with the platform to assist accelerate this objective.

     

    Pros of YouHodler:.
    Strong Security. YouHodler put in place lots of ways to keep your funds safe..
    Strong Insurance. Crypto possessions are insured for as much as $150 million.
    Stablecoin Interest. YouHodler provides a few of the very best rate of interest for stablecoins.
    Special Functions. You’ll find cool items 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 collateral with 90% loan-to-value.

    Is CoinLoan safe?

     

    Cons of YouHodler:.
    Seniority. YouHodler was founded in 2018, which is rather recent compared to its competitors.
    Currencies to Obtain. Depending on the currencies you use as collateral, you can only get loans in USD, EUR, GBP, and BTC..
    Year established: 2018.
    Head office: Cyprus and Switzerland.
    Licenses: European Union Financial Commission.
    Currencies readily available to earn interest: Fiat (USD, EUR, CHF, GBP), crypto (BTC), and stablecoin loans (USDT, USDC, TUSD, PAX, PAXG).
    Currencies offered 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 financing.

    Cryptocurrencies are unpredictable animals. To earn a profit, you need to be good at trading them or simply hold and hope your crypto gains in value. Neither approach is especially easy to do because of volatility.

    What if you might simply transfer your crypto someplace 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 deal with that likewise because 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. Short Term Bitcoin Loans

    The business’s CEO is Ilya Volkov. YouHodler is a main Blockchain Association member of the Financial Commission. YouHodler is not readily available in the United States in addition to in about a dozen other nations.