Find Youhodler.Io Reddit – Cryptocurrency

Looking for Youhodler.Io Reddit…YouHodler is a Swiss-based business that serves as a crypto-backed loan provider. One of its main principles is that you can still HODL, without having to wait on a spike to sell.

It allows users to borrow fiat funds immediately, based on the value of their cryptocurrency property holdings. Apart from that, one can convert crypto to crypto, crypto to fiat, and likewise engage with stablecoins.

The most beneficial function would be the alternative to withdraw fiat to a personal bank account or personal credit card. Users can also hold their cryptocurrency in a YouHodler savings account.

It wouldn’t be improbable to think about YouHodler as a bank for your cryptocurrency. It is effective and quick, enabling users to transfer their crypto possessions with ease.

The platform concentrates on providing a well-rounded experience for its users. You will discover whatever that a crypto owner or a financier would perhaps need. To put it simply, YouHodler offers a range of services that lets you harness your digital assets.

YouHodler Wallet

YouHodler’s wallet is designed with simpleness and performance in mind. You can transfer your cryptocurrency, convert it to fiat, and hold the funds for investment functions in your wallet. The company provides devoted wallet designs for Bitcoin and over 14 other popular cryptocurrencies.

Is YouHodler legitimate? Youhodler.Io Reddit

Perhaps the most notable feature at YouHodler is its capability to provide you loans. A financier could think about these funding chances as a means of hedging. Most importantly, it gives 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 eliminates a huge part of the risk that accompanies financial investment options.

 

YouHodler is certainly a leading player in this space– not least since it provides a top-rate loan-to-value ratio of as much as 90%. Exceeding its competitors, YouHodler accepts 15 different digital coins as security.

Users can receive both instantaneous 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 fairly 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 place.

 

YouHodler gives you a few options to select how you wish to back your loan. You can get a loan quantity in fiat or Bitcoin– and you utilize multiple altcoins as collateral.

The preliminary application process works as follows:

Make a demand using your crypto possessions as collateral
Instantly receive an agreed loan quantity in fiat (USD, EURO, and Stablecoins, Bitcoin).
As soon as you pay back the loan, you will instantly get the security back, regardless of whether its value has increased.

As you can see from the above, the process is as seamless as it could be. The company does not carry out any credit history checks or take time to think about whether you are qualified for a loan. On the contrary, if you have adequate security and a verified account, you are great 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 alternatives for loan periods:.

    One month– 90% LTV.
    60 days– 70% LTV.
    180 days– 50% LTV.

    Your rate of interest is not determined by the amount of security that you set up. Rather, it depends on the type of plan you pick.

    YouHodler provides the exact same rates of interest for all its users. As the community grows, the service provider hopes that its rates 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 numerous ways to keep your funds safe..
    Solid Insurance. Crypto assets are insured for up to $150 million.
    Stablecoin Interest. YouHodler provides some of the very best interest rates for stablecoins.
    Distinct Functions. You’ll find cool products such as the Multi HODL and the Turbocharge, which you will not discover anywhere else.
    Versatile Terms. You can increase the period of your loans at any time.
    High LTV. The leading 20 coins can be utilized as security with 90% loan-to-value.

    Is CoinLoan safe?

     

    Cons of YouHodler:.
    Seniority. YouHodler was founded in 2018, which is quite current compared to its competitors.
    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 offered for borrowing: 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 unpredictable animals. To earn a profit, you have to be proficient at trading them or simply hold and hope your crypto gains in value. Because of volatility, neither approach is especially simple to do.

    What if you could simply transfer your crypto someplace 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 handle that also considering that it loans out its crypto on deposits.

    YouHodler is a cryptocurrency exchange that focuses on crypto financing and high-interest cost savings for Hodlers. YouHodler is based in Limassol, Limassol, Cyprus. Youhodler.Io Reddit

    The company’s CEO is Ilya Volkov. YouHodler is an official Blockchain Association member of the Financial Commission. YouHodler is not available in the United States as well as in about a lots other countries.