Looking for Youhodler App Keeps Logging Me Out…YouHodler is a Swiss-based business that acts as a crypto-backed loan provider. One of its main concepts is that you can still HODL, without having to wait for a spike to sell.
It allows users to borrow fiat funds quickly, based on the worth of their cryptocurrency property holdings. Apart from that, one can transform crypto to crypto, crypto to fiat, and also engage with stablecoins.
The most useful feature would be the option to withdraw fiat to a personal checking account or individual credit card. Users can likewise hold their cryptocurrency in a YouHodler savings account.
It would not be far-fetched to consider YouHodler as a bank for your cryptocurrency. It is quick and effective, permitting users to move their crypto assets with ease.
The platform focuses on providing a well-rounded experience for its users. You will discover everything that a crypto owner or a financier would perhaps need. Simply put, YouHodler provides a range of services that lets you harness your digital assets.
YouHodler’s wallet is created with simpleness and performance in mind. You can transfer your cryptocurrency, transform it to fiat, and hold the funds for investment purposes in your wallet. The company uses devoted wallet styles for Bitcoin and over 14 other popular cryptocurrencies.
Is YouHodler legitimate? Youhodler App Keeps Logging Me Out
Perhaps the most noteworthy function at YouHodler is its capability to use you loans. An investor could think about these funding opportunities as a means of hedging. Most importantly, it gives you access to a flexible 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 big part of the threat that accompanies investment choices.
YouHodler is undoubtedly a leading gamer in this space– not least due to the fact that it uses a top-rate loan-to-value ratio of up to 90%. Exceeding its competitors, 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 rates of interest on crypto loans are relatively reasonably at 12% APR. If you are taking out a short-term loan, you could get your rate of interest as low as 2.5%.
Now let’s break down the loan process that YouHodler has in place.
YouHodler offers you a few choices to pick how you wish to back your loan. You can get a loan amount in fiat or Bitcoin– and you use multiple altcoins as collateral.
The initial application process works as follows:
Make a request utilizing your crypto assets as security
Immediately receive an agreed loan amount in fiat (USD, EURO, and Stablecoins, Bitcoin).
When you repay the loan, you will right away get the collateral back, despite whether its value has increased.
As you can see from the above, the procedure is as seamless as it could be. The business does not perform any credit score checks or take time to consider whether you are qualified for a loan. On the contrary, if you have adequate security and a verified account, you are excellent to go.
How do you get paid on YouHodler?
Loan Terms and Quantities.
YouHodler has various plans for loans that come with predefined terms.
There are 3 options for loan periods:.
1 month– 90% LTV.
60 days– 70% LTV.
180 days– 50% LTV.
Your interest rate is not identified by the amount of security that you put up. Rather, it depends upon the type of plan you choose.
YouHodler offers the same rate of interest for all its users. As the community grows, the company hopes that its interest rates will likewise drop appropriately. YouHodler also has an affiliate program to encourage 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. Crypto assets are guaranteed for approximately $150 million.
Stablecoin Interest. YouHodler uses a few of the very best interest rates for stablecoins.
Unique Features. You’ll find cool products such as the Multi HODL and the Turbocharge, which you will not discover anywhere else.
Flexible Terms. You can increase the period 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 rather recent compared to its competitors.
Currencies to Obtain. Depending on the currencies you utilize as collateral, 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 readily available 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, REPRESENTATIVE, and 15 other popular coins with the list growing.
Kind of service: Direct lending.
Cryptocurrencies are unstable creatures. To make a profit, you need to be good at trading them or simply hold and hope your crypto gains in value. Since of volatility, neither technique is especially simple to do.
What if you could just transfer your crypto someplace and make interest on it. By doing this, if the price increases by a small amount or not at all, you can still earn a profit. That’s what YouHodler does. It pays high interest on savings. If you’re in the market for a crypto-backed loan, Youhodler can handle that likewise given that it lends out its crypto on deposits. Let’s see how it works.
YouHodler is a cryptocurrency exchange that specializes in crypto financing and high-interest savings for Hodlers. YouHodler is based in Limassol, Limassol, Cyprus. Youhodler App Keeps Logging Me Out
The business’s CEO is Ilya Volkov. YouHodler is an official Blockchain Association member of the Financial Commission. YouHodler is not readily available in the United States as well as in about a lots other countries.