Looking for Youhodler Credit Card App…YouHodler is a Swiss-based company that works as a crypto-backed loan service provider. One of its primary ideas is that you can still HODL, without needing to wait for a spike to sell.
It permits users to borrow 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 likewise engage with stablecoins.
The most advantageous function would be the choice to withdraw fiat to a personal bank account or individual charge card. Users can likewise 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, enabling users to transfer their crypto assets with ease.
The platform focuses on providing a well-rounded experience for its users. You will find whatever that a crypto owner or a financier would perhaps need. Simply put, YouHodler provides a range of services that lets you harness your digital properties.
YouHodler’s wallet is created with simplicity and effectiveness in mind. You can transfer your cryptocurrency, transform it to fiat, and hold the funds for financial investment purposes in your wallet. The company uses dedicated wallet styles for Bitcoin and over 14 other popular cryptocurrencies.
Is YouHodler legitimate? Youhodler Credit Card App
Maybe the most noteworthy function at YouHodler is its capability to offer you loans. An investor might think about these funding chances as a means of hedging. Crucially, it offers you access to a flexible path 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 gets rid of a huge part of the danger that accompanies investment options.
YouHodler is certainly a leading player in this space– not least because it provides a top-rate loan-to-value ratio of as much as 90%. Outmatching its rivals, YouHodler accepts 15 different digital coins as collateral.
Users can get both immediate money 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 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 alternatives to pick how you wish to back your loan. You can obtain a loan quantity in fiat or Bitcoin– and you utilize numerous altcoins as security.
The preliminary application process works as follows:
Make a demand utilizing your crypto properties as security
Immediately receive an agreed loan quantity in fiat (USD, EURO, and Stablecoins, Bitcoin).
When you pay back the loan, you will immediately get the security back, regardless of whether its worth has 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 history checks or take some time to think about whether you are eligible for a loan. On the contrary, if you have enough collateral and a verified account, you are excellent to go.
How do you get paid on YouHodler?
Loan Terms and Quantities.
YouHodler has different plans for loans that feature predefined terms.
There are three choices for loan durations:.
30 days– 90% LTV.
60 days– 70% LTV.
180 days– 50% LTV.
Your rate of interest is not determined by the quantity of security that you set up. Instead, it depends on the type of plan you choose.
YouHodler provides the same rate of interest for all its users. As the community grows, the provider hopes that its rate of interest will likewise drop appropriately. YouHodler likewise has an affiliate program to encourage 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 methods to keep your funds safe..
Strong Insurance coverage. Crypto properties are guaranteed for approximately $150 million.
Stablecoin Interest. YouHodler offers some of the best interest rates for stablecoins.
Special Features. You’ll find 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 leading 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 rivals.
Currencies to Borrow. Depending on the currencies you utilize as collateral, you can only get loans in USD, EUR, GBP, and BTC..
Year established: 2018.
Headquarters: 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 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 unpredictable animals. To make a profit, you have to be good at trading them or just hold and hope your crypto gains in worth. Because of volatility, neither approach is particularly easy to do.
What if you might just deposit your crypto somewhere and make interest on it. It pays high interest on savings. If you’re in the market for a crypto-backed loan, Youhodler can deal with that also considering that it loans out its crypto on deposits.
YouHodler is a cryptocurrency exchange that specializes in crypto lending and high-interest savings for Hodlers. YouHodler is based in Limassol, Limassol, Cyprus. Youhodler Credit Card App
The business’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.