Find Youhodler Credit Card Features – Cryptocurrency

Looking for Youhodler Credit Card Features…YouHodler is a Swiss-based company that works as a crypto-backed loan company. Among its main concepts is that you can still HODL, without having to wait on a spike to sell.

It permits users to borrow fiat funds instantly, based on the worth of their cryptocurrency property holdings. Apart from that, one can transform crypto to crypto, crypto to fiat, and likewise engage with stablecoins.

The most helpful function would be the option to withdraw fiat to a personal savings account or individual credit card. Users can also hold their cryptocurrency in a YouHodler savings account.

It wouldn’t be improbable to consider YouHodler as a bank for your cryptocurrency. It is effective 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 a financier would potentially need. In other words, YouHodler uses a range of services that lets you harness your digital assets.

YouHodler Wallet

YouHodler’s wallet is designed with simplicity and effectiveness in mind. You can move your cryptocurrency, transform it to fiat, and hold the funds for financial investment functions in your wallet. The business provides dedicated wallet styles for Bitcoin and over 14 other popular cryptocurrencies.

Is YouHodler legitimate? Youhodler Credit Card Features

Possibly the most noteworthy function at YouHodler is its ability to provide you loans. An investor might think about these funding chances as a means of hedging. Most importantly, it provides you access to a versatile 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 eliminates a huge part of the danger that accompanies investment options.

 

YouHodler is unquestionably a leading gamer in this area– not least due to the fact that it offers a top-rate loan-to-value ratio of up to 90%. Exceeding its rivals, YouHodler accepts 15 various digital coins as security.

Users can get both immediate cash 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 gives you a few alternatives to choose how you want to back your loan. You can apply for a loan amount in fiat or Bitcoin– and you use multiple altcoins as collateral.

The initial application process works as follows:

Make a demand utilizing your crypto possessions as collateral
Quickly receive an agreed loan quantity in fiat (USD, EURO, and Stablecoins, Bitcoin).
When you repay the loan, you will right away get the security back, no matter whether its worth 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 take some time to consider whether you are qualified for a loan. On the contrary, if you have sufficient 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 3 alternatives for loan periods:.

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

    Your rate of interest is not identified by the amount of security that you put up. Rather, it depends on the kind of strategy you pick.

    YouHodler uses the very same rate of interest for all its users. As the community grows, the provider hopes that its interest rates will likewise drop accordingly. YouHodler likewise has an affiliate program to encourage its users to invite others to sign up with the platform to assist accelerate this objective.

     

    Pros of YouHodler:.
    Strong Security. YouHodler put in place lots of ways to keep your funds safe..
    Strong Insurance. Crypto assets are insured for up to $150 million.
    Stablecoin Interest. YouHodler offers a few of the best rates of interest for stablecoins.
    Unique Features. You’ll find cool items such as the Multi HODL and the Turbocharge, which you will not discover anywhere else.
    Flexible Terms. You can increase the period 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 quite recent compared to its competitors.
    Currencies to Borrow. Depending upon the currencies you use as security, you can just get loans in USD, EUR, GBP, and BTC..
    Year founded: 2018.
    Headquarters: 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 readily available for borrowing: 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 unstable animals. To make a profit, you need to be good at trading them or simply hold and hope your crypto gains in worth. Neither technique is particularly easy to do because of volatility.

    If you might just transfer your crypto somewhere and make interest on it, what. This way, if the cost increases by a small amount or not at all, you can still earn a profit. That’s what YouHodler does. It pays high interest on savings. Youhodler can manage that also given that 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 loaning and high-interest savings for Hodlers. YouHodler is based in Limassol, Limassol, Cyprus. Youhodler Credit Card Features

    The business’s CEO is Ilya Volkov. YouHodler is an official Blockchain Association member of the Financial Commission. YouHodler is not offered in the United States in addition to in about a dozen other nations.