Find Youhodler Credit Card Vs Citi Double Cash – Cryptocurrency

Looking for Youhodler Credit Card Vs Citi Double Cash…YouHodler is a Swiss-based company that functions as a crypto-backed loan company. Among its main concepts is that you can still HODL, without having to await a spike to sell.

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

The most useful feature would be the choice to withdraw fiat to a personal bank account or individual charge card. Users can also hold their cryptocurrency in a YouHodler savings account.

It would not be far-fetched to consider YouHodler as a bank for your cryptocurrency. It is fast and efficient, enabling 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 offers a variety of services that lets you harness your digital properties.

YouHodler Wallet

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

Is YouHodler legitimate? Youhodler Credit Card Vs Citi Double Cash

Perhaps the most noteworthy function at YouHodler is its ability to offer you loans. An investor could consider these funding chances as a means of hedging. Most importantly, it gives you access to a flexible path to go into 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 eliminates a huge part of the risk that accompanies investment choices.

 

YouHodler is certainly a leading gamer in this space– not least due to the fact that it offers a top-rate loan-to-value ratio of approximately 90%. Exceeding its competitors, 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 could get your rate of interest 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 get a loan amount in fiat or Bitcoin– and you use multiple altcoins as collateral.

The initial application procedure works as follows:

Make a demand using your crypto assets as security
Instantly get an agreed loan quantity in fiat (USD, EURO, and Stablecoins, Bitcoin).
As soon as you repay the loan, you will right away get the security back, no matter whether its worth has increased.

As you can see from the above, the process is as smooth as it could be. The company does not perform any credit score checks or require time to consider whether you are qualified for a loan. On the contrary, if you have adequate collateral and a confirmed account, you are excellent to go.

 

How do you get paid on YouHodler?

  • Loan Terms and Quantities.

    YouHodler has various bundles for loans that come with predefined terms.

    There are 3 options for loan periods:.

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

    Your rates of interest is not determined by the quantity of security that you put up. Instead, it depends upon the kind of strategy you select.

    YouHodler offers the same rate of interest for all its users. As the neighborhood grows, the supplier hopes that its rates of interest will likewise drop accordingly. YouHodler likewise has an affiliate program to motivate its users to welcome others to join the platform to assist accelerate this objective.

     

    Pros of YouHodler:.
    Strong Security. YouHodler put in place many ways to keep your funds safe..
    Solid Insurance. Crypto properties are guaranteed for approximately $150 million.
    Stablecoin Interest. YouHodler offers some of the very best rate of interest for stablecoins.
    Distinct Features. You’ll find cool items such as the Multi HODL and the Turbocharge, which you won’t discover anywhere else.
    Versatile Terms. You can increase the duration of your loans at any time.
    High LTV. The top 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 recent compared to its competitors.
    Currencies to Borrow. Depending upon the currencies you use as collateral, you can just receive loans in USD, EUR, GBP, and BTC..
    Year founded: 2018.
    Head office: Cyprus and Switzerland.
    Licenses: European Union Financial Commission.
    Currencies 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, REPRESENTATIVE, and 15 other popular coins with the list growing.
    Kind of service: Direct lending.

    Cryptocurrencies are volatile animals. To earn a profit, you need to be proficient at trading them or simply hold and hope your crypto gains in worth. Since of volatility, neither approach is particularly simple to do.

    What if you might simply deposit your crypto someplace 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 likewise because it loans out its crypto on deposits.

    YouHodler is a cryptocurrency exchange that focuses on crypto loaning and high-interest cost savings for Hodlers. YouHodler is based in Limassol, Limassol, Cyprus. Youhodler Credit Card Vs Citi Double Cash

    The business’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 in addition to in about a lots other countries.