Looking for Youhodler Contact…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 needing to await a spike to sell.
It enables users to borrow fiat funds quickly, based upon the value of their cryptocurrency property holdings. Apart from that, one can convert crypto to crypto, crypto to fiat, and likewise engage with stablecoins.
The most helpful feature would be the choice to withdraw fiat to an individual savings account or personal credit card. Users can also hold their cryptocurrency in a YouHodler savings account.
It wouldn’t be far-fetched to consider YouHodler as a bank for your cryptocurrency. It is quick and effective, enabling users to transfer their crypto properties with ease.
The platform focuses on delivering a well-rounded experience for its users. You will discover whatever that a crypto owner or an investor would potentially require. Simply put, YouHodler offers a range of services that lets you harness your digital properties.
YouHodler’s wallet is designed with simpleness and efficiency in mind. You can transfer your cryptocurrency, transform it to fiat, and hold the funds for financial investment purposes in your wallet. The business offers dedicated wallet designs for Bitcoin and over 14 other popular cryptocurrencies.
Is YouHodler legitimate? Youhodler Contact
Perhaps the most notable function at YouHodler is its capability to offer you loans. A financier could consider these funding chances as a means of hedging. Crucially, it offers you access to a versatile path to enter 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 gets rid of a huge part of the risk that accompanies financial investment options.
YouHodler is undoubtedly a leading gamer in this area– not least due to the fact that it provides a top-rate loan-to-value ratio of up to 90%. Outpacing its rivals, YouHodler accepts 15 different digital coins as security.
Users can get both instant money 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 interest rate as low as 2.5%.
Now let’s break down the loan procedure that YouHodler has in place.
YouHodler provides you a couple of alternatives to choose how you wish to back your loan. You can make an application for a loan amount in fiat or Bitcoin– and you use several altcoins as collateral.
The initial application procedure works as follows:
Make a request utilizing your crypto properties as collateral
Instantly get an agreed loan quantity in fiat (USD, EURO, and Stablecoins, Bitcoin).
As soon as you pay back the loan, you will immediately get the collateral back, despite whether its worth 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 rating checks or take some time to consider whether you are qualified for a loan. On the contrary, if you have adequate collateral and a validated account, you are good to go.
How do you get paid on YouHodler?
Loan Terms and Amounts.
YouHodler has different packages for loans that include predefined terms.
There are three choices 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 collateral that you put up. Rather, it depends upon the kind of plan you pick.
YouHodler offers the exact same rates 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 motivate its users to invite others to join the platform to assist accelerate this objective.
Pros of YouHodler:.
Strong Security. YouHodler put in place lots of methods to keep your funds safe..
Strong Insurance coverage. Crypto assets are guaranteed for approximately $150 million.
Stablecoin Interest. YouHodler provides some of the very best rates of interest for stablecoins.
Special Features. You’ll find cool products such as the Multi HODL and the Turbocharge, which you won’t discover anywhere else.
Flexible Terms. You can increase the duration of your loans at any time.
High LTV. The leading 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 current compared to its rivals.
Currencies to Borrow. Depending on the currencies you use as security, 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 offered to earn 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, REP, and 15 other popular coins with the list growing.
Type of service: Direct loaning.
Cryptocurrencies are volatile animals. To earn a profit, you have to be proficient at trading them or simply hold and hope your crypto gains in value. Since of volatility, neither approach is especially simple to do.
What if you might simply 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 deal with that likewise because it lends out its crypto on deposits.
YouHodler is a cryptocurrency exchange that concentrates on crypto loaning and high-interest savings for Hodlers. YouHodler is based in Limassol, Limassol, Cyprus. Youhodler Contact
The business’s CEO is Ilya Volkov. YouHodler is a main Blockchain Association member of the Financial Commission. YouHodler is not available in the United States as well as in about a dozen other nations.