Looking for Youhodler Crypto Trustpilot…YouHodler is a Swiss-based business that acts as a crypto-backed loan service provider. One of its main ideas is that you can still HODL, without needing to wait on a spike to sell.
It enables users to obtain fiat funds quickly, based upon the value of their cryptocurrency asset holdings. Apart from that, one can transform crypto to crypto, crypto to fiat, and likewise engage with stablecoins.
The most helpful function would be the choice to withdraw fiat to a personal savings account or personal credit card. Users can likewise hold their cryptocurrency in a YouHodler savings account.
It would not be improbable to consider YouHodler as a bank for your cryptocurrency. It is quick and effective, allowing users to move their crypto assets with ease.
The platform concentrates on providing a well-rounded experience for its users. You will find everything that a crypto owner or a financier would potentially require. In other words, YouHodler provides a variety of services that lets you harness your digital assets.
YouHodler’s wallet is developed with simpleness and effectiveness in mind. You can transfer your cryptocurrency, convert it to fiat, and hold the funds for financial investment functions in your wallet. The business offers devoted wallet styles for Bitcoin and over 14 other popular cryptocurrencies.
Is YouHodler legitimate? Youhodler Crypto Trustpilot
Maybe the most noteworthy feature at YouHodler is its capability to provide you loans. An investor might think about these funding opportunities as a means of hedging. Crucially, it offers you access to a versatile course 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 eliminates a big part of the threat that accompanies investment options.
YouHodler is undoubtedly a leading gamer in this area– not least due to the fact that it provides a top-rate loan-to-value ratio of approximately 90%. Exceeding its rivals, YouHodler accepts 15 different digital coins as collateral.
Users can get both instantaneous cash 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 location.
YouHodler provides you a couple of alternatives to select how you want to back your loan. You can apply for a loan amount in fiat or Bitcoin– and you utilize several altcoins as security.
The preliminary application procedure works as follows:
Make a demand utilizing your crypto assets as security
Immediately get an agreed loan amount in fiat (USD, EURO, and Stablecoins, Bitcoin).
Once you repay the loan, you will right away get the security back, despite whether its value has increased.
As you can see from the above, the procedure is as smooth as it could be. The company does not carry out any credit score checks or take time to consider whether you are qualified for a loan. On the contrary, if you have sufficient security and a verified account, you are good to go.
How do you get paid on YouHodler?
Loan Terms and Quantities.
YouHodler has different bundles for loans that feature predefined terms.
There are three choices for loan durations:.
One month– 90% LTV.
60 days– 70% LTV.
180 days– 50% LTV.
Your rate of interest is not figured out by the amount of collateral that you put up. Rather, it depends on the type of strategy you select.
YouHodler uses the exact same interest rate for all its users. As the community grows, the service provider hopes that its rate of interest will likewise drop appropriately. YouHodler also has an affiliate program to encourage its users to welcome others to join the platform to help accelerate this goal.
Pros of YouHodler:.
Strong Security. YouHodler put in place lots of methods to keep your funds safe..
Solid Insurance. Crypto possessions are insured for as much as $150 million.
Stablecoin Interest. YouHodler provides some of the very best interest rates for stablecoins.
Special Functions. You’ll find cool items such as the Multi HODL and the Turbocharge, which you won’t discover anywhere else.
Flexible Terms. You can increase the period 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 Obtain. Depending upon the currencies you use as security, you can only receive loans in USD, EUR, GBP, and BTC..
Year established: 2018.
Headquarters: Cyprus and Switzerland.
Licenses: European Union Financial Commission.
Currencies available 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, REPRESENTATIVE, and 15 other popular coins with the list growing.
Type of service: Direct lending.
Cryptocurrencies are volatile creatures. To earn a profit, you have to be good at trading them or just hold and hope your crypto gains in value. Since of volatility, neither technique is especially easy to do.
What if you might just 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 handle that also since it lends out its crypto on deposits.
YouHodler is a cryptocurrency exchange that specializes in crypto financing and high-interest savings for Hodlers. YouHodler is based in Limassol, Limassol, Cyprus. Youhodler Crypto Trustpilot
The business’s CEO is Ilya Volkov. YouHodler is a main Blockchain Association member of the Financial Commission. YouHodler is not readily available in the United States in addition to in about a dozen other nations.