Find Youhodler Connecticut – Cryptocurrency

Looking for Youhodler Connecticut…YouHodler is a Swiss-based company that acts as a crypto-backed loan company. One of its main ideas is that you can still HODL, without needing to wait for a spike to sell.

It enables users to obtain fiat funds quickly, based upon 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 helpful feature would be the alternative to withdraw fiat to a personal checking account or personal charge card. Users can also hold their cryptocurrency in a YouHodler savings account.

It wouldn’t be far-fetched to think about YouHodler as a bank for your cryptocurrency. It is efficient and quick, allowing users to move their crypto assets with ease.

The platform concentrates on delivering a well-rounded experience for its users. You will find everything that a crypto owner or an investor would possibly need. In other words, YouHodler provides a variety of services that lets you harness your digital assets.

YouHodler Wallet

YouHodler’s wallet is developed with simplicity and efficiency in mind. You can transfer your cryptocurrency, convert it to fiat, and hold the funds for financial investment purposes in your wallet. The company uses devoted wallet designs for Bitcoin and over 14 other popular cryptocurrencies.

Is YouHodler legitimate? Youhodler Connecticut

Possibly the most notable feature at YouHodler is its ability to use you loans. An investor could consider these financing opportunities as a means of hedging. Crucially, it offers you access to a versatile course to get in the cryptocurrency trading markets.

With a crypto-backed line of credit, you can get fiat when you need it without touching your crypto portfolio at all. It removes a huge part of the danger that accompanies financial investment options.

 

YouHodler is certainly a leading player in this area– not least due to the fact that it offers a top-rate loan-to-value ratio of as much as 90%. Outmatching its rivals, YouHodler accepts 15 various digital coins as collateral.

Users can receive both instantaneous cash loans and crypto loans in USD, EURO, GBP, CHF, and even in Bitcoin( BTC) and Tether( USDT). The interest rates 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 couple of alternatives to pick how you want to back your loan. You can get a loan quantity in fiat or Bitcoin– and you utilize several altcoins as security.

The initial application procedure works as follows:

Make a request using your crypto assets as collateral
Immediately get an agreed loan quantity in fiat (USD, EURO, and Stablecoins, Bitcoin).
When you pay back the loan, you will instantly get the security back, no matter whether its worth has increased.

As you can see from the above, the procedure is as seamless as it could be. The company does not carry out any credit history checks or require 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 Amounts.

    YouHodler has various plans for loans that include predefined terms.

    There are three alternatives for loan durations:.

    One month– 90% LTV.
    60 days– 70% LTV.
    180 days– 50% LTV.

    Your interest rate is not figured out by the amount of collateral that you installed. Instead, it depends upon the kind of plan you choose.

    YouHodler provides the exact same rates of interest for all its users. As the neighborhood grows, the supplier hopes that its rate of interest will also drop accordingly. YouHodler also has an affiliate program to encourage its users to welcome others to join the platform to assist accelerate this goal.

     

    Pros of YouHodler:.
    Strong Security. YouHodler put in place numerous ways to keep your funds safe..
    Strong Insurance. Crypto assets are insured for as much as $150 million.
    Stablecoin Interest. YouHodler provides a few of the very best rate of interest for stablecoins.
    Unique Functions. You’ll find cool products such as the Multi HODL and the Turbocharge, which you will not discover anywhere else.
    Versatile Terms. You can increase the duration of your loans at any time.
    High LTV. The top 20 coins can be used 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 Borrow. Depending on the currencies you utilize as collateral, you can just get 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 available for loaning: BTC, BCH, BNB, ETH, LTC, XLM, XRP, DASH, HT, REP, and 15 other popular coins with the list growing.
    Type of service: Direct loaning.

    Cryptocurrencies are volatile animals. To make a profit, you need to be proficient 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 might simply transfer your crypto someplace and make 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 specializes in crypto lending and high-interest cost savings for Hodlers. YouHodler is based in Limassol, Limassol, Cyprus. Youhodler Connecticut

    The company’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 along with in about a dozen other nations.