Find Youhodler Crypto Backed Loans – Cryptocurrency

Looking for Youhodler Crypto Backed Loans…YouHodler is a Swiss-based company that functions as a crypto-backed loan provider. One of its primary concepts is that you can still HODL, without needing to await a spike to offer.

It allows users to obtain fiat funds immediately, based upon the value of their cryptocurrency property holdings. Apart from that, one can transform crypto to crypto, crypto to fiat, and likewise engage with stablecoins.

The most useful function would be the choice to withdraw fiat to a personal checking account or personal charge card. Users can likewise hold their cryptocurrency in a YouHodler savings account.

It wouldn’t be improbable to think about YouHodler as a bank for your cryptocurrency. It is quick and effective, enabling users to move their crypto possessions with ease.

The platform focuses on delivering a well-rounded experience for its users. You will discover whatever that a crypto owner or a financier would perhaps require. In other words, YouHodler offers a range of services that lets you harness your digital possessions.

YouHodler Wallet

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

Is YouHodler legitimate? Youhodler Crypto Backed Loans

Perhaps the most significant function at YouHodler is its ability to use you loans. A financier could consider these financing opportunities as a means of hedging. Most importantly, it provides you access to a flexible path to get in the cryptocurrency trading markets.

With a crypto-backed line of credit, you can get fiat when you require 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 certainly a leading player in this space– not least because it provides a top-rate loan-to-value ratio of up to 90%. Outpacing its competitors, YouHodler accepts 15 different digital coins as collateral.

Users can get both instant 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 might get your rates of interest as low as 2.5%.

Now let’s break down the loan procedure that YouHodler has in place.

 

YouHodler offers you a couple of options to pick how you wish to back your loan. You can apply for a loan quantity in fiat or Bitcoin– and you use numerous altcoins as collateral.

The preliminary application procedure works as follows:

Make a demand utilizing your crypto possessions as collateral
Instantly receive an agreed loan quantity in fiat (USD, EURO, and Stablecoins, Bitcoin).
Once you pay back the loan, you will immediately get the security back, despite whether its worth has increased.

As you can see from the above, the process is as seamless as it could be. The company does not carry out any credit rating checks or take some time to consider whether you are qualified for a loan. On the contrary, if you have sufficient security and a verified account, you are great 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 3 options for loan durations:.

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

    Your interest rate is not identified by the quantity of security that you put up. Rather, it depends upon the type of plan you choose.

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

     

    Pros of YouHodler:.
    Strong Security. YouHodler put in place numerous ways to keep your funds safe..
    Solid Insurance. Crypto possessions are insured for approximately $150 million.
    Stablecoin Interest. YouHodler offers some of the best interest rates for stablecoins.
    Unique Functions. You’ll discover cool products such as the Multi HODL and the Turbocharge, which you will not discover 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 recent compared to its rivals.
    Currencies to Borrow. Depending upon the currencies you use as collateral, 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 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, ASSOCIATE, and 15 other popular coins with the list growing.
    Type of service: Direct loaning.

    Cryptocurrencies are unpredictable creatures. To earn a profit, you need to be good at trading them or just hold and hope your crypto gains in worth. Because of volatility, neither technique is particularly simple to do.

    What if you might just deposit your crypto someplace and earn interest on it. By doing this, if the rate boosts by a percentage or not at all, you can still earn a profit. That’s what YouHodler does. It pays high interest on cost savings. Youhodler can handle that likewise because it lends 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 focuses on crypto lending and high-interest cost savings for Hodlers. YouHodler is based in Limassol, Limassol, Cyprus. Youhodler Crypto Backed Loans

    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 along with in about a lots other nations.