Looking for Youhodler Headquarters…YouHodler is a Swiss-based business that acts as a crypto-backed loan service provider. Among its primary concepts is that you can still HODL, without needing to wait for a spike to sell.
It permits users to borrow fiat funds quickly, 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 beneficial feature would be the choice to withdraw fiat to a personal bank account or personal charge card. Users can likewise hold their cryptocurrency in a YouHodler savings account.
It would not be improbable to think about YouHodler as a bank for your cryptocurrency. It is effective and fast, permitting users to transfer 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 an investor would potentially require. Simply put, YouHodler offers a range of services that lets you harness your digital possessions.
YouHodler’s wallet is designed with simplicity and efficiency in mind. You can move your cryptocurrency, convert it to fiat, and hold the funds for investment purposes in your wallet. The business uses dedicated wallet styles for Bitcoin and over 14 other popular cryptocurrencies.
Is YouHodler legitimate? Youhodler Headquarters
Possibly the most noteworthy function at YouHodler is its capability to provide you loans. A financier could consider these financing opportunities as a means of hedging. Crucially, it provides you access to a versatile course to get in 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 eliminates a huge part of the risk that accompanies investment options.
YouHodler is certainly a leading player in this area– not least since it provides a top-rate loan-to-value ratio of up to 90%. Outpacing its competitors, YouHodler accepts 15 different digital coins as collateral.
Users can receive both instant cash 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 might get your rate of interest 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 choose how you want to back your loan. You can make an application for a loan quantity in fiat or Bitcoin– and you utilize multiple altcoins as collateral.
The initial application process works as follows:
Make a request utilizing your crypto possessions as collateral
Quickly receive 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 collateral back, no matter whether its worth has actually increased.
As you can see from the above, the procedure is as smooth as it could be. The business does not carry out any credit score checks or take some 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 good to go.
How do you get paid on YouHodler?
Loan Terms and Quantities.
YouHodler has different packages for loans that include predefined terms.
There are three alternatives for loan durations:.
30 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 put up. Instead, it depends upon the kind of plan you select.
YouHodler provides the same rate of interest for all its users. As the community grows, the provider hopes that its rate of interest will likewise drop appropriately. YouHodler likewise has an affiliate program to encourage its users to welcome others to join the platform to assist accelerate this goal.
Pros of YouHodler:.
Strong Security. YouHodler put in place many methods to keep your funds safe..
Strong Insurance. Crypto properties are guaranteed for up to $150 million.
Stablecoin Interest. YouHodler offers a few of the best rate of interest for stablecoins.
Unique Features. You’ll discover cool products such as the Multi HODL and the Turbocharge, which you won’t discover anywhere else.
Versatile Terms. You can increase the duration of your loans at any time.
High LTV. The leading 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 recent compared to its competitors.
Currencies to Borrow. Depending on the currencies you use as security, you can just get loans in USD, EUR, GBP, and BTC..
Year established: 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 readily available for loaning: BTC, BCH, BNB, ETH, LTC, XLM, XRP, DASH, HT, ASSOCIATE, and 15 other popular coins with the list growing.
Kind of service: Direct financing.
Cryptocurrencies are unstable animals. To earn a profit, you have to be good at trading them or just hold and hope your crypto gains in worth. Due to the fact that of volatility, neither approach is particularly easy to do.
What if you could simply transfer your crypto somewhere and make interest on it. It pays high interest on cost savings. If you’re in the market for a crypto-backed loan, Youhodler can handle that likewise given that it loans 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 Headquarters
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.