Find Where Is Youhodler Crypto Based – Cryptocurrency

Looking for Where Is Youhodler Crypto Based…YouHodler is a Swiss-based business that acts as a crypto-backed loan company. One of its main concepts is that you can still HODL, without needing to wait for a spike to offer.

It allows users to borrow fiat funds instantly, based on the worth of their cryptocurrency asset 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 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 far-fetched to think about YouHodler as a bank for your cryptocurrency. It is efficient and fast, allowing users to move their crypto possessions with ease.

The platform focuses on delivering a well-rounded experience for its users. You will find everything that a crypto owner or a financier would perhaps need. To put it simply, YouHodler provides a variety of services that lets you harness your digital possessions.

YouHodler Wallet

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 investment purposes in your wallet. The business offers dedicated wallet designs for Bitcoin and over 14 other popular cryptocurrencies.

Is YouHodler legitimate? Where Is Youhodler Crypto Based

Maybe the most notable feature at YouHodler is its capability to provide you loans. An investor might think about these financing opportunities as a means of hedging. Crucially, it offers you access to a flexible course to enter 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 removes a big part of the threat that accompanies investment choices.

 

YouHodler is unquestionably a leading gamer in this space– not least due to the fact that it provides a top-rate loan-to-value ratio of up to 90%. Exceeding its competitors, YouHodler accepts 15 various digital coins as collateral.

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 relatively reasonably at 12% APR. If you are taking out a short-term loan, you might get your rate of interest as low as 2.5%.

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

 

YouHodler offers you a couple of choices to pick how you wish to back your loan. You can look for a loan quantity in fiat or Bitcoin– and you use numerous altcoins as collateral.

The preliminary application process works as follows:

Make a request utilizing your crypto assets as collateral
Quickly get an agreed loan quantity in fiat (USD, EURO, and Stablecoins, Bitcoin).
When you pay back the loan, you will instantly get the collateral back, regardless of whether its value has increased.

As you can see from the above, the process 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 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 Amounts.

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

    There are 3 options for loan durations:.

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

    Your rate of interest is not identified by the amount of security that you installed. Instead, it depends on the type of strategy you pick.

    YouHodler offers the same rates of interest for all its users. As the neighborhood grows, the service provider hopes that its interest rates will likewise drop accordingly. YouHodler also has an affiliate program to encourage its users to invite others to sign up with the platform to assist accelerate this goal.

     

    Pros of YouHodler:.
    Strong Security. YouHodler put in place numerous methods to keep your funds safe..
    Strong Insurance coverage. Crypto possessions are insured for approximately $150 million.
    Stablecoin Interest. YouHodler provides a few of the best interest rates for stablecoins.
    Special Features. You’ll discover cool products such as the Multi HODL and the Turbocharge, which you will not find anywhere else.
    Versatile Terms. You can increase the duration of your loans at any time.
    High LTV. The top 20 coins can be utilized as collateral 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 Borrow. Depending on the currencies you utilize as security, you can just receive loans in USD, EUR, GBP, and BTC..
    Year established: 2018.
    Head office: Cyprus and Switzerland.
    Licenses: European Union Financial Commission.
    Currencies offered to make interest: Fiat (USD, EUR, CHF, GBP), crypto (BTC), and stablecoin loans (USDT, USDC, TUSD, PAX, PAXG).
    Currencies offered for borrowing: BTC, BCH, BNB, ETH, LTC, XLM, XRP, DASH, HT, ASSOCIATE, and 15 other popular coins with the list growing.
    Kind of service: Direct lending.

    Cryptocurrencies are volatile animals. To earn a profit, you have 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 could simply transfer your crypto someplace and make interest on it. In this manner, if the cost boosts by a small amount or not at all, you can still earn a profit. That’s what YouHodler does. It pays high interest on cost savings. If you remain in the market for a crypto-backed loan, Youhodler can manage that also given that it loans out its crypto on deposits. Let’s see how it works.

    YouHodler is a cryptocurrency exchange that specializes in crypto lending and high-interest cost savings for Hodlers. YouHodler is based in Limassol, Limassol, Cyprus. Where Is Youhodler Crypto Based

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