Looking for Youhodler Crypto Headquarters…YouHodler is a Swiss-based business that functions as a crypto-backed loan company. One of its primary principles is that you can still HODL, without having to wait for a spike to offer.
It enables users to borrow fiat funds quickly, based on the worth of their cryptocurrency possession holdings. Apart from that, one can transform crypto to crypto, crypto to fiat, and also engage with stablecoins.
The most advantageous feature would be the alternative to withdraw fiat to a personal savings account or personal charge card. Users can likewise 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 quick and effective, enabling users to transfer 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 potentially need. To put it simply, YouHodler offers a range of services that lets you harness your digital properties.
YouHodler’s wallet is created with simpleness and efficiency in mind. You can move your cryptocurrency, transform it to fiat, and hold the funds for financial investment purposes in your wallet. The business provides dedicated wallet styles for Bitcoin and over 14 other popular cryptocurrencies.
Is YouHodler legitimate? Youhodler Crypto Headquarters
Maybe the most significant feature at YouHodler is its ability to provide you loans. An investor could consider these funding opportunities as a means of hedging. Crucially, it provides you access to a flexible path to go into 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 gets rid of a huge part of the danger that accompanies financial investment choices.
YouHodler is undoubtedly a leading player in this area– not least since it offers a top-rate loan-to-value ratio of approximately 90%. Outpacing its competitors, YouHodler accepts 15 various digital coins as security.
Users can receive both instant cash loans and crypto loans in USD, EURO, GBP, CHF, and even in Bitcoin( BTC) and Tether( USDT). The interest rates on crypto loans are fairly reasonably at 12% APR. If you are taking out a short-term loan, you might get your interest rate as low as 2.5%.
Now let’s break down the loan process that YouHodler has in location.
YouHodler provides you a few choices to pick how you want to back your loan. You can make an application for a loan amount in fiat or Bitcoin– and you use several altcoins as security.
The initial application process works as follows:
Make a demand using your crypto possessions as security
Immediately get an agreed loan quantity in fiat (USD, EURO, and Stablecoins, Bitcoin).
Once you pay back the loan, you will right away get the security back, regardless of whether its worth has actually increased.
As you can see from the above, the procedure is as seamless as it could be. The business does not carry out any credit report checks or take some time to consider whether you are qualified for a loan. On the contrary, if you have enough security and a confirmed account, you are good to go.
How do you get paid on YouHodler?
Loan Terms and Amounts.
YouHodler has various packages for loans that come with predefined terms.
There are three alternatives for loan durations:.
One month– 90% LTV.
60 days– 70% LTV.
180 days– 50% LTV.
Your interest rate is not identified by the quantity of collateral that you set up. Rather, it depends upon the kind of strategy you pick.
YouHodler offers the exact same rate of interest for all its users. As the community grows, the service provider hopes that its rate of interest will also drop accordingly. YouHodler also has an affiliate program to motivate its users to invite others to sign up with the platform to help accelerate this objective.
Pros of YouHodler:.
Strong Security. YouHodler put in place many ways to keep your funds safe..
Solid Insurance coverage. Crypto assets are guaranteed for up to $150 million.
Stablecoin Interest. YouHodler uses some of the best rate of interest for stablecoins.
Unique Functions. You’ll discover cool products such as the Multi HODL and the Turbocharge, which you will not discover anywhere else.
Flexible Terms. You can increase the duration of your loans at any time.
High LTV. The top 20 coins can be utilized as collateral with 90% loan-to-value.
Is CoinLoan safe?
Cons of YouHodler:.
Seniority. YouHodler was founded in 2018, which is rather current compared to its competitors.
Currencies to Borrow. Depending upon the currencies you use as security, you can only 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, REP, and 15 other popular coins with the list growing.
Kind of service: Direct lending.
Cryptocurrencies are unpredictable creatures. To make a profit, you have to be proficient at trading them or simply hold and hope your crypto gains in value. Since of volatility, neither method is especially simple to do.
What if you could just transfer your crypto somewhere and earn interest on it. It pays high interest on savings. If you’re in the market for a crypto-backed loan, Youhodler can manage that likewise since it lends out its crypto on deposits.
YouHodler is a cryptocurrency exchange that concentrates on crypto loaning and high-interest cost savings for Hodlers. YouHodler is based in Limassol, Limassol, Cyprus. Youhodler Crypto Headquarters
The company’s CEO is Ilya Volkov. YouHodler is an official Blockchain Association member of the Financial Commission. YouHodler is not offered in the United States along with in about a lots other nations.