Looking for Youhodler Crunchbase…YouHodler is a Swiss-based business that functions as a crypto-backed loan company. Among its main ideas is that you can still HODL, without needing to wait on a spike to sell.
It allows users to obtain fiat funds quickly, 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 advantageous feature would be the alternative to withdraw fiat to an individual bank account or personal credit card. Users can likewise hold their cryptocurrency in a YouHodler savings account.
It would not be far-fetched to think about YouHodler as a bank for your cryptocurrency. It is effective and fast, allowing users to transfer their crypto assets with ease.
The platform concentrates on providing a well-rounded experience for its users. You will find whatever that a crypto owner or an investor would possibly require. To put it simply, YouHodler uses a range of services that lets you harness your digital assets.
YouHodler’s wallet is created with simpleness and performance in mind. You can move your cryptocurrency, transform it to fiat, and hold the funds for investment purposes in your wallet. The company offers dedicated wallet styles for Bitcoin and over 14 other popular cryptocurrencies.
Is YouHodler legitimate? Youhodler Crunchbase
Perhaps the most notable feature at YouHodler is its ability to provide you loans. An investor could think about these financing opportunities as a means of hedging. Most importantly, it gives you access to a versatile course to enter 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 big part of the risk that accompanies financial investment choices.
YouHodler is certainly a leading player in this space– not least due to the fact that it offers a top-rate loan-to-value ratio of up to 90%. Outmatching its competitors, YouHodler accepts 15 different digital coins as security.
Users can receive both instantaneous money loans and crypto loans in USD, EURO, GBP, CHF, and even in Bitcoin( BTC) and Tether( USDT). The rate of interest on crypto loans are fairly 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 process that YouHodler has in place.
YouHodler provides you a couple of alternatives to select how you want to back your loan. You can obtain a loan quantity in fiat or Bitcoin– and you utilize multiple altcoins as collateral.
The initial application procedure works as follows:
Make a request utilizing your crypto properties as security
Immediately receive an agreed loan quantity in fiat (USD, EURO, and Stablecoins, Bitcoin).
As soon as you repay the loan, you will immediately get the security back, despite whether its value has actually increased.
As you can see from the above, the process is as smooth as it could be. The company does not carry out any credit report checks or take time to consider whether you are qualified for a loan. On the contrary, if you have adequate security and a confirmed account, you are good to go.
How do you get paid on YouHodler?
Loan Terms and Quantities.
YouHodler has different packages for loans that feature predefined terms.
There are 3 choices for loan durations:.
30 days– 90% LTV.
60 days– 70% LTV.
180 days– 50% LTV.
Your interest rate is not identified by the quantity of security that you installed. Rather, it depends on the kind of strategy you pick.
YouHodler offers the exact same rate of interest for all its users. As the neighborhood grows, the supplier hopes that its interest rates will likewise drop appropriately. YouHodler likewise has an affiliate program to motivate its users to invite others to sign up with the platform to help accelerate this goal.
Pros of YouHodler:.
Strong Security. YouHodler put in place numerous methods to keep your funds safe..
Strong Insurance. Crypto possessions are insured for as much as $150 million.
Stablecoin Interest. YouHodler offers a few of the very best interest rates for stablecoins.
Special Functions. You’ll discover cool items such as the Multi HODL and the Turbocharge, which you won’t find 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 quite current compared to its competitors.
Currencies to Borrow. Depending upon the currencies you utilize as security, you can only receive loans in USD, EUR, GBP, and BTC..
Year founded: 2018.
Headquarters: Cyprus and Switzerland.
Licenses: European Union Financial Commission.
Currencies offered to make 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, ASSOCIATE, and 15 other popular coins with the list growing.
Kind of service: Direct financing.
Cryptocurrencies are volatile animals. To make a profit, you have to be proficient at trading them or just hold and hope your crypto gains in worth. Since of volatility, neither technique is particularly easy to do.
What if you might just 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 handle that also given that it lends out its crypto on deposits.
YouHodler is a cryptocurrency exchange that concentrates on crypto lending and high-interest savings for Hodlers. YouHodler is based in Limassol, Limassol, Cyprus. Youhodler Crunchbase
The company’s CEO is Ilya Volkov. YouHodler is an official Blockchain Association member of the Financial Commission. YouHodler is not available in the United States in addition to in about a lots other nations.