Looking for Youhodler Crypto Defi…YouHodler is a Swiss-based company that serves as a crypto-backed loan provider. One of its main ideas is that you can still HODL, without needing to await a spike to sell.
It allows users to obtain fiat funds instantly, 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 function would be the alternative to withdraw fiat to an individual bank account or personal charge card. Users can also hold their cryptocurrency in a YouHodler savings account.
It would not be improbable to consider YouHodler as a bank for your cryptocurrency. It is effective and quick, allowing users to move their crypto possessions with ease.
The platform concentrates on delivering a well-rounded experience for its users. You will discover whatever that a crypto owner or an investor would possibly need. In other words, YouHodler uses a range of services that lets you harness your digital assets.
YouHodler’s wallet is created with simplicity and efficiency in mind. You can move your cryptocurrency, transform it to fiat, and hold the funds for investment functions in your wallet. The company offers devoted wallet styles for Bitcoin and over 14 other popular cryptocurrencies.
Is YouHodler legitimate? Youhodler Crypto Defi
Possibly the most notable feature at YouHodler is its capability to provide you loans. A financier could think about these funding opportunities as a means of hedging. Most importantly, it gives you access to a versatile path to enter the cryptocurrency trading markets.
With a crypto-backed credit line, you can get fiat when you require it without touching your crypto portfolio at all. It removes a big part of the danger that accompanies financial investment choices.
YouHodler is undoubtedly a leading player in this area– not least due to the fact that it offers a top-rate loan-to-value ratio of as much as 90%. Outmatching its competitors, YouHodler accepts 15 various digital coins as collateral.
Users can get both instantaneous money 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 fairly reasonably at 12% APR. If you are taking out a short-term loan, you could get your rates of interest as low as 2.5%.
Now let’s break down the loan process that YouHodler has in place.
YouHodler gives you a few options to select how you want to back your loan. You can get a loan quantity in fiat or Bitcoin– and you utilize multiple altcoins as collateral.
The preliminary application process works as follows:
Make a request utilizing your crypto properties as security
Quickly receive an agreed loan amount in fiat (USD, EURO, and Stablecoins, Bitcoin).
When you repay the loan, you will immediately get the collateral back, no matter whether its value has actually 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 time to consider whether you are qualified for a loan. On the contrary, if you have sufficient collateral and a verified account, you are excellent to go.
How do you get paid on YouHodler?
Loan Terms and Amounts.
YouHodler has different packages for loans that come with predefined terms.
There are three options for loan durations:.
Thirty days– 90% LTV.
60 days– 70% LTV.
180 days– 50% LTV.
Your rate of interest is not identified by the quantity of collateral that you set up. Rather, it depends on the type of plan you choose.
YouHodler uses the same rate of interest for all its users. As the neighborhood grows, the company hopes that its rate of interest 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 lots of ways to keep your funds safe..
Strong Insurance. Crypto possessions are insured for approximately $150 million.
Stablecoin Interest. YouHodler provides a few of the best interest rates for stablecoins.
Unique Functions. You’ll find cool items such as the Multi HODL and the Turbocharge, which you will not find anywhere else.
Flexible Terms. You can increase the duration of your loans at any time.
High LTV. The leading 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 Obtain. Depending on the currencies you use as collateral, you can just get loans in USD, EUR, GBP, and BTC..
Year established: 2018.
Head office: 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.
Kind of service: Direct loaning.
Cryptocurrencies are unstable animals. To earn a profit, you have to be good at trading them or simply hold and hope your crypto gains in value. Since of volatility, neither approach is particularly simple to do.
What if you could 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 handle that likewise since it loans out its crypto on deposits.
YouHodler is a cryptocurrency exchange that concentrates on crypto lending and high-interest cost savings for Hodlers. YouHodler is based in Limassol, Limassol, Cyprus. Youhodler Crypto Defi
The company’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 dozen other countries.