Find Youhodler Crypto Wiki – Cryptocurrency

Looking for Youhodler Crypto Wiki…YouHodler is a Swiss-based company that functions as a crypto-backed loan service provider. Among its main principles is that you can still HODL, without needing to wait on a spike to sell.

It permits users to obtain fiat funds immediately, based upon the value of their cryptocurrency possession holdings. Apart from that, one can convert crypto to crypto, crypto to fiat, and also engage with stablecoins.

The most advantageous feature would be the choice to withdraw fiat to a personal checking account or individual credit card. Users can also hold their cryptocurrency in a YouHodler savings account.

It wouldn’t be far-fetched to think about 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 discover everything that a crypto owner or an investor would possibly require. In other words, YouHodler offers a variety of services that lets you harness your digital assets.

YouHodler Wallet

YouHodler’s wallet is designed with simpleness and effectiveness in mind. You can transfer your cryptocurrency, transform it to fiat, and hold the funds for financial investment purposes in your wallet. The company offers devoted wallet styles for Bitcoin and over 14 other popular cryptocurrencies.

Is YouHodler legitimate? Youhodler Crypto Wiki

Maybe the most significant feature at YouHodler is its ability to provide you loans. A financier could consider these financing chances as a means of hedging. Crucially, it offers you access to a versatile course to get in 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 huge part of the risk that accompanies financial investment options.

 

YouHodler is certainly a leading player in this area– not least because it offers a top-rate loan-to-value ratio of up to 90%. Outmatching its rivals, 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 rates of interest on crypto loans are relatively reasonably at 12% APR. If you are taking out a short-term loan, you could get your rate of interest as low as 2.5%.

Now let’s break down the loan process that YouHodler has in location.

 

YouHodler gives you a couple of alternatives to pick how you wish to back your loan. You can apply for a loan quantity in fiat or Bitcoin– and you use several altcoins as security.

The preliminary application process works as follows:

Make a demand using your crypto possessions as security
Immediately get an agreed loan amount in fiat (USD, EURO, and Stablecoins, Bitcoin).
As soon as you pay back the loan, you will right away get the security back, no matter 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 rating checks or take some time to consider whether you are eligible for a loan. On the contrary, if you have adequate security and a verified account, you are good to go.

 

How do you get paid on YouHodler?

  • Loan Terms and Quantities.

    YouHodler has different packages for loans that come with predefined terms.

    There are 3 choices for loan durations:.

    Thirty days– 90% LTV.
    60 days– 70% LTV.
    180 days– 50% LTV.

    Your interest rate is not figured out by the amount of collateral that you set up. Rather, it depends on the kind of strategy you select.

    YouHodler provides the very same interest rate for all its users. As the neighborhood grows, the supplier hopes that its rates of interest will also drop appropriately. YouHodler also has an affiliate program to encourage its users to invite others to join the platform to help accelerate this objective.

     

    Pros of YouHodler:.
    Strong Security. YouHodler put in place numerous ways to keep your funds safe..
    Strong Insurance coverage. Crypto properties are guaranteed for approximately $150 million.
    Stablecoin Interest. YouHodler offers some of the best interest rates for stablecoins.
    Distinct Features. You’ll find cool products such as the Multi HODL and the Turbocharge, which you will not find 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 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 Obtain. Depending on the currencies you utilize as security, 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 available to make interest: Fiat (USD, EUR, CHF, GBP), crypto (BTC), and stablecoin loans (USDT, USDC, TUSD, PAX, PAXG).
    Currencies offered 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 unstable animals. To make a profit, you have to be proficient at trading them or just hold and hope your crypto gains in value. Due to the fact that of volatility, neither method is particularly simple to do.

    If you could simply deposit your crypto somewhere and make interest on it, what. In this manner, if the cost boosts by a small amount or not at all, you can still make a profit. That’s what YouHodler does. It pays high interest on savings. If you’re in the marketplace for a crypto-backed loan, Youhodler can handle that likewise because it loans out its crypto on deposits. Let’s see how it works.

    YouHodler is a cryptocurrency exchange that specializes in crypto loaning and high-interest cost savings for Hodlers. YouHodler is based in Limassol, Limassol, Cyprus. Youhodler Crypto Wiki

    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 as well as in about a lots other countries.