Looking for Youhodler Coingecko…YouHodler is a Swiss-based business that works as a crypto-backed loan service provider. Among 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 possession 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 a personal savings account or personal charge card. Users can likewise hold their cryptocurrency in a YouHodler savings account.
It would not be improbable to think about YouHodler as a bank for your cryptocurrency. It is quick and efficient, allowing users to move their crypto assets with ease.
The platform concentrates on providing a well-rounded experience for its users. You will find whatever that a crypto owner or an investor would potentially need. Simply put, YouHodler provides a variety of services that lets you harness your digital assets.
YouHodler’s wallet is developed with simpleness and effectiveness in mind. You can move your cryptocurrency, convert it to fiat, and hold the funds for investment purposes in your wallet. The company offers dedicated wallet styles for Bitcoin and over 14 other popular cryptocurrencies.
Is YouHodler legitimate? Youhodler Coingecko
Possibly the most notable feature at YouHodler is its capability to offer you loans. An investor might consider these funding opportunities as a means of hedging. Most importantly, it gives you access to a versatile course to get in 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 big part of the danger that accompanies investment choices.
YouHodler is undoubtedly a leading gamer in this area– not least since it provides a top-rate loan-to-value ratio of up to 90%. Exceeding its rivals, YouHodler accepts 15 different digital coins as collateral.
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 could get your rates of interest as low as 2.5%.
Now let’s break down the loan process that YouHodler has in place.
YouHodler gives you a few options to pick how you wish to back your loan. You can make an application for a loan amount in fiat or Bitcoin– and you use multiple altcoins as collateral.
The preliminary application process works as follows:
Make a demand utilizing your crypto possessions as security
Quickly get 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, despite whether its worth has actually increased.
As you can see from the above, the procedure is as seamless as it could be. The company does not perform any credit report checks or require time to consider whether you are eligible for a loan. On the contrary, if you have enough security and a confirmed account, you are good to go.
How do you get paid on YouHodler?
Loan Terms and Amounts.
YouHodler has various plans for loans that come with predefined terms.
There are three choices for loan durations:.
1 month– 90% LTV.
60 days– 70% LTV.
180 days– 50% LTV.
Your rate of interest is not identified by the quantity of collateral that you put up. Rather, it depends on the type of strategy you choose.
YouHodler provides the very same rate of interest for all its users. As the neighborhood grows, the provider hopes that its rate of interest will likewise drop appropriately. YouHodler also has an affiliate program to motivate its users to welcome others to sign up with the platform to help accelerate this objective.
Pros of YouHodler:.
Strong Security. YouHodler put in place many ways to keep your funds safe..
Strong Insurance coverage. Crypto assets are guaranteed for as much as $150 million.
Stablecoin Interest. YouHodler provides some of the very best rate of interest for stablecoins.
Special Functions. You’ll discover cool products such as the Multi HODL and the Turbocharge, which you won’t 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 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.
Headquarters: 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 loaning: 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 volatile creatures. To make a profit, you need to be good at trading them or simply hold and hope your crypto gains in value. Neither technique is especially easy to do because of volatility.
If you could just transfer your crypto somewhere and earn interest on it, what. This way, if the price boosts by a percentage or not at all, you can still make a profit. That’s what YouHodler does. It pays high interest on savings. Youhodler can manage that likewise since it loans 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 concentrates on crypto financing and high-interest cost savings for Hodlers. YouHodler is based in Limassol, Limassol, Cyprus. Youhodler Coingecko
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.