Looking for Where To Get A Loan For Bitcoin…YouHodler is a Swiss-based business that serves as a crypto-backed loan provider. Among its main principles is that you can still HODL, without having to wait for a spike to offer.
It allows users to borrow fiat funds instantly, based upon the value of their cryptocurrency property holdings. Apart from that, one can convert crypto to crypto, crypto to fiat, and also engage with stablecoins.
The most beneficial function would be the choice to withdraw fiat to an individual savings account or personal credit card. Users can also hold their cryptocurrency in a YouHodler savings account.
It wouldn’t be improbable to consider YouHodler as a bank for your cryptocurrency. It is effective and quick, enabling users to move 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 developed with simplicity and efficiency in mind. You can move your cryptocurrency, transform it to fiat, and hold the funds for investment functions in your wallet. The company provides dedicated wallet styles for Bitcoin and over 14 other popular cryptocurrencies.
Is YouHodler legitimate? Where To Get A Loan For Bitcoin
Maybe the most noteworthy function at YouHodler is its ability to provide you loans. A financier could think about these financing opportunities as a means of hedging. Crucially, it offers you access to a versatile path 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 removes a big part of the risk that accompanies investment options.
YouHodler is undoubtedly a leading player in this space– not least since it provides a top-rate loan-to-value ratio of as much as 90%. Exceeding its rivals, YouHodler accepts 15 different digital coins as collateral.
Users can get both immediate 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 interest rate as low as 2.5%.
Now let’s break down the loan process that YouHodler has in place.
YouHodler gives you a few choices to pick how you want to back your loan. You can apply for a loan quantity in fiat or Bitcoin– and you utilize numerous altcoins as security.
The initial application process works as follows:
Make a request utilizing your crypto properties as security
Quickly receive an agreed loan amount in fiat (USD, EURO, and Stablecoins, Bitcoin).
When you pay back the loan, you will instantly get the collateral back, despite whether its value has increased.
As you can see from the above, the procedure is as smooth as it could be. The company does not perform any credit history checks or take time to think about whether you are qualified 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 3 alternatives for loan periods:.
Thirty days– 90% LTV.
60 days– 70% LTV.
180 days– 50% LTV.
Your rate of interest is not determined by the quantity of security that you put up. Rather, it depends upon the kind of plan you select.
YouHodler offers the same interest rate for all its users. As the community grows, the provider hopes that its rate of interest will likewise drop accordingly. YouHodler also has an affiliate program to encourage its users to invite others to sign up with the platform to help accelerate this goal.
Pros of YouHodler:.
Strong Security. YouHodler put in place lots of methods to keep your funds safe..
Solid Insurance coverage. Crypto properties are guaranteed for up to $150 million.
Stablecoin Interest. YouHodler uses a few of the best interest rates for stablecoins.
Unique Features. You’ll find cool products such as the Multi HODL and the Turbocharge, which you won’t discover anywhere else.
Flexible Terms. You can increase the duration of your loans at any time.
High LTV. The top 20 coins can be utilized as security with 90% loan-to-value.
Is CoinLoan safe?
Cons of YouHodler:.
Seniority. YouHodler was founded in 2018, which is quite recent compared to its competitors.
Currencies to Borrow. Depending on the currencies you utilize as collateral, 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 available to make 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, ASSOCIATE, and 15 other popular coins with the list growing.
Kind of service: Direct financing.
Cryptocurrencies are volatile animals. To make a profit, you need to be good at trading them or just hold and hope your crypto gains in worth. Due to the fact that of volatility, neither method is particularly easy to do.
If you could simply transfer your crypto somewhere and earn interest on it, what. By doing this, if the price 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 deal with that likewise because 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 focuses on crypto lending and high-interest savings for Hodlers. YouHodler is based in Limassol, Limassol, Cyprus. Where To Get A Loan For Bitcoin
The company’s CEO is Ilya Volkov. YouHodler is an official Blockchain Association member of the Financial Commission. YouHodler is not available in the United States along with in about a dozen other nations.