Looking for Youhodler Deutschland…YouHodler is a Swiss-based company that functions as a crypto-backed loan provider. One of its main ideas is that you can still HODL, without having to wait for a spike to sell.
It enables users to obtain fiat funds immediately, based upon the worth of their cryptocurrency possession holdings. Apart from that, one can convert crypto to crypto, crypto to fiat, and likewise engage with stablecoins.
The most beneficial feature would be the choice to withdraw fiat to an individual bank account or individual credit card. Users can likewise hold their cryptocurrency in a YouHodler savings account.
It wouldn’t be improbable to consider YouHodler as a bank for your cryptocurrency. It is quick and effective, permitting users to move their crypto properties with ease.
The platform focuses on providing a well-rounded experience for its users. You will discover whatever that a crypto owner or a financier would perhaps need. Simply put, YouHodler uses a variety of services that lets you harness your digital assets.
YouHodler’s wallet is designed with simpleness and efficiency in mind. You can move your cryptocurrency, convert it to fiat, and hold the funds for financial investment purposes in your wallet. The company uses devoted wallet designs for Bitcoin and over 14 other popular cryptocurrencies.
Is YouHodler legitimate? Youhodler Deutschland
Maybe the most significant function at YouHodler is its ability to offer you loans. An investor could consider these financing chances as a means of hedging. Crucially, it gives you access to a flexible course to go into 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 removes a huge part of the threat that accompanies financial investment options.
YouHodler is undoubtedly a leading gamer in this area– not least since it offers a top-rate loan-to-value ratio of as much as 90%. Outpacing its rivals, YouHodler accepts 15 various digital coins as security.
Users can get both instantaneous money loans and crypto loans in USD, EURO, GBP, CHF, and even in Bitcoin( BTC) and Tether( USDT). The interest rates on crypto loans are relatively 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 place.
YouHodler gives you a few choices to choose how you wish to back your loan. You can look for a loan quantity in fiat or Bitcoin– and you utilize several altcoins as security.
The initial application procedure works as follows:
Make a demand using your crypto assets as security
Instantly get an agreed loan quantity in fiat (USD, EURO, and Stablecoins, Bitcoin).
When you pay back the loan, you will right away get the collateral back, regardless of 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 rating checks or take time to think about whether you are eligible for a loan. On the contrary, if you have enough collateral and a validated account, you are excellent to go.
How do you get paid on YouHodler?
Loan Terms and Amounts.
YouHodler has different packages for loans that feature predefined terms.
There are three options for loan periods:.
Thirty days– 90% LTV.
60 days– 70% LTV.
180 days– 50% LTV.
Your rates of interest is not figured out by the quantity of collateral that you set up. Rather, it depends on the type of plan you select.
YouHodler uses the same interest rate for all its users. As the neighborhood grows, the supplier hopes that its rates 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 goal.
Pros of YouHodler:.
Strong Security. YouHodler put in place lots of methods to keep your funds safe..
Solid Insurance coverage. Crypto properties are insured for as much as $150 million.
Stablecoin Interest. YouHodler uses a few of the very best interest rates for stablecoins.
Special Functions. You’ll find cool products such as the Multi HODL and the Turbocharge, which you will not find anywhere else.
Versatile 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 Borrow. Depending on the currencies you utilize as security, you can only get loans in USD, EUR, GBP, and BTC..
Year established: 2018.
Head office: Cyprus and Switzerland.
Licenses: European Union Financial Commission.
Currencies offered to make interest: Fiat (USD, EUR, CHF, GBP), crypto (BTC), and stablecoin loans (USDT, USDC, TUSD, PAX, PAXG).
Currencies available for borrowing: BTC, BCH, BNB, ETH, LTC, XLM, XRP, DASH, HT, ASSOCIATE, and 15 other popular coins with the list growing.
Type of service: Direct financing.
Cryptocurrencies are unstable animals. To earn a profit, you need to be proficient at trading them or just hold and hope your crypto gains in worth. Neither method is particularly easy to do because of volatility.
What if you could simply transfer your crypto somewhere and earn interest on it. It pays high interest on cost savings. If you’re in the market for a crypto-backed loan, Youhodler can deal with that also since it lends out its crypto on deposits.
YouHodler is a cryptocurrency exchange that focuses on crypto lending and high-interest savings for Hodlers. YouHodler is based in Limassol, Limassol, Cyprus. Youhodler Deutschland
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 in addition to in about a dozen other countries.