Looking for Youhodler Bitcoin Rewards…YouHodler is a Swiss-based company that serves as a crypto-backed loan provider. Among its main ideas is that you can still HODL, without needing to await a spike to offer.
It permits users to obtain fiat funds immediately, based upon the worth of their cryptocurrency property holdings. Apart from that, one can convert 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 bank account or personal charge card. Users can likewise hold their cryptocurrency in a YouHodler savings account.
It wouldn’t be improbable to think about YouHodler as a bank for your cryptocurrency. It is quick and effective, permitting users to transfer their crypto properties 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 require. Simply put, YouHodler provides a range of services that lets you harness your digital properties.
YouHodler’s wallet is designed with simpleness and performance in mind. You can move your cryptocurrency, convert it to fiat, and hold the funds for investment functions in your wallet. The business provides dedicated wallet styles for Bitcoin and over 14 other popular cryptocurrencies.
Is YouHodler legitimate? Youhodler Bitcoin Rewards
Possibly the most notable feature at YouHodler is its capability to use you loans. A financier might consider these financing opportunities as a means of hedging. Crucially, it provides you access to a versatile course to go into 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 huge part of the threat that accompanies investment options.
YouHodler is undoubtedly a leading player in this area– not least because it offers a top-rate loan-to-value ratio of approximately 90%. Exceeding its rivals, YouHodler accepts 15 different digital coins as security.
Users can receive 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 fairly 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 process that YouHodler has in place.
YouHodler offers you a couple of choices to choose how you wish to back your loan. You can look for a loan amount in fiat or Bitcoin– and you use numerous altcoins as security.
The initial application process works as follows:
Make a demand utilizing your crypto assets as collateral
Immediately receive an agreed loan amount in fiat (USD, EURO, and Stablecoins, Bitcoin).
Once you pay back the loan, you will right away get the collateral back, despite whether its value has actually increased.
As you can see from the above, the process is as seamless as it could be. The company does not perform any credit rating checks or require time to think about whether you are eligible for a loan. On the contrary, if you have adequate security and a validated account, you are excellent to go.
How do you get paid on YouHodler?
Loan Terms and Quantities.
YouHodler has different packages for loans that come with predefined terms.
There are 3 choices for loan periods:.
Thirty days– 90% LTV.
60 days– 70% LTV.
180 days– 50% LTV.
Your rate of interest is not identified by the quantity of security that you installed. Instead, it depends upon the type of strategy you pick.
YouHodler offers the exact same rates of interest for all its users. As the community grows, the service provider hopes that its rates of interest will likewise drop accordingly. YouHodler also has an affiliate program to encourage its users to invite others to join the platform to help accelerate this goal.
Pros of YouHodler:.
Strong Security. YouHodler put in place numerous ways to keep your funds safe..
Solid Insurance. Crypto possessions are insured for up to $150 million.
Stablecoin Interest. YouHodler offers some of the best interest rates for stablecoins.
Special Functions. You’ll discover cool products 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 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 competitors.
Currencies to Obtain. Depending on the currencies you utilize as security, 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 available to earn 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, REP, and 15 other popular coins with the list growing.
Type of service: Direct lending.
Cryptocurrencies are unpredictable creatures. To make a profit, you have to be proficient at trading them or simply hold and hope your crypto gains in worth. Neither approach is particularly easy to do because of volatility.
What if you might just deposit your crypto somewhere and earn interest on it. It pays high interest on cost savings. If you’re in the market for a crypto-backed loan, Youhodler can manage that also given that it lends out its crypto on deposits.
YouHodler is a cryptocurrency exchange that focuses on crypto loaning and high-interest savings for Hodlers. YouHodler is based in Limassol, Limassol, Cyprus. Youhodler Bitcoin Rewards
The company’s CEO is Ilya Volkov. YouHodler is a main Blockchain Association member of the Financial Commission. YouHodler is not offered in the United States along with in about a dozen other countries.