Looking for Youhodler Bitcoin Credit Card Rewards…YouHodler is a Swiss-based company that works as a crypto-backed loan service provider. Among its main principles is that you can still HODL, without needing to await a spike to offer.
It allows users to borrow fiat funds quickly, based on the value of their cryptocurrency asset holdings. Apart from that, one can transform crypto to crypto, crypto to fiat, and likewise engage with stablecoins.
The most advantageous feature would be the option to withdraw fiat to an individual bank account or individual credit card. Users can likewise hold their cryptocurrency in a YouHodler savings account.
It wouldn’t be improbable to consider YouHodler as a bank for your cryptocurrency. It is quick and efficient, enabling users to transfer their crypto possessions with ease.
The platform focuses on providing a well-rounded experience for its users. You will discover everything that a crypto owner or an investor would potentially require. To put it simply, YouHodler provides 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, convert it to fiat, and hold the funds for financial investment purposes in your wallet. The business uses devoted wallet designs for Bitcoin and over 14 other popular cryptocurrencies.
Is YouHodler legitimate? Youhodler Bitcoin Credit Card Rewards
Maybe the most significant feature at YouHodler is its ability to offer you loans. A financier might think about these financing chances as a means of hedging. Crucially, it gives you access to a flexible path 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 removes a huge part of the risk that accompanies investment choices.
YouHodler is certainly a leading gamer in this area– not least since it provides a top-rate loan-to-value ratio of as much as 90%. Surpassing its competitors, YouHodler accepts 15 various 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 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 procedure that YouHodler has in location.
YouHodler gives you a couple of alternatives 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 preliminary application process works as follows:
Make a request utilizing your crypto properties as security
Instantly receive an agreed loan quantity in fiat (USD, EURO, and Stablecoins, Bitcoin).
As soon as you pay back the loan, you will right away get the security back, no matter whether its value has actually 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 report checks or take time to think about whether you are qualified for a loan. On the contrary, if you have sufficient collateral and a verified account, you are great to go.
How do you get paid on YouHodler?
Loan Terms and Quantities.
YouHodler has different bundles for loans that come with predefined terms.
There are three alternatives for loan periods:.
1 month– 90% LTV.
60 days– 70% LTV.
180 days– 50% LTV.
Your rates of interest is not determined by the amount of collateral that you set up. Rather, it depends on the type of plan you select.
YouHodler uses the very same rates of interest for all its users. As the community grows, the supplier hopes that its rate of interest will likewise drop accordingly. YouHodler also has an affiliate program to encourage its users to welcome others to sign up with the platform to assist accelerate this objective.
Pros of YouHodler:.
Strong Security. YouHodler put in place many methods to keep your funds safe..
Strong Insurance coverage. Crypto assets are insured for as much as $150 million.
Stablecoin Interest. YouHodler provides some of the best rate of interest for stablecoins.
Special Functions. You’ll discover cool items such as the Multi HODL and the Turbocharge, which you will not find 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 collateral 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 receive loans in USD, EUR, GBP, and BTC..
Year established: 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 available for borrowing: BTC, BCH, BNB, ETH, LTC, XLM, XRP, DASH, HT, REPRESENTATIVE, and 15 other popular coins with the list growing.
Type of service: Direct loaning.
Cryptocurrencies are unstable animals. To make a profit, you need to be proficient at trading them or just hold and hope your crypto gains in value. Neither technique is especially easy to do because of volatility.
If you could simply deposit your crypto someplace and make interest on it, what. In this manner, if the price 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 savings. If you’re in the market for a crypto-backed loan, Youhodler can handle that also given that it lends out its crypto on deposits. Let’s see how it works.
YouHodler is a cryptocurrency exchange that specializes in crypto lending and high-interest savings for Hodlers. YouHodler is based in Limassol, Limassol, Cyprus. Youhodler Bitcoin Credit Card Rewards
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 as well as in about a dozen other countries.