Find Youhodler Is Down – Cryptocurrency

Looking for Youhodler Is Down…YouHodler is a Swiss-based business that serves as a crypto-backed loan company. Among its main concepts is that you can still HODL, without having to await a spike to sell.

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

The most useful function would be the option to withdraw fiat to a personal savings account or individual charge card. Users can also hold their cryptocurrency in a YouHodler savings account.

It would not be improbable to consider YouHodler as a bank for your cryptocurrency. It is efficient and quick, enabling 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. To put it simply, YouHodler uses a variety of services that lets you harness your digital possessions.

YouHodler Wallet

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

Is YouHodler legitimate? Youhodler Is Down

Possibly the most noteworthy feature at YouHodler is its capability to offer you loans. A financier might consider these funding chances as a means of hedging. Most importantly, it offers you access to a versatile path to enter 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 gets rid of a huge part of the threat that accompanies financial investment choices.

 

YouHodler is unquestionably a leading player in this area– not least because it uses a top-rate loan-to-value ratio of as much as 90%. Exceeding its competitors, YouHodler accepts 15 various digital coins as collateral.

Users can receive 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 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 procedure that YouHodler has in place.

 

YouHodler offers you a couple of options to choose how you want to back your loan. You can get a loan quantity in fiat or Bitcoin– and you utilize multiple altcoins as collateral.

The initial application procedure works as follows:

Make a demand using your crypto properties as security
Instantly get an agreed loan amount in fiat (USD, EURO, and Stablecoins, Bitcoin).
As soon as you pay back the loan, you will instantly get the collateral back, no matter whether its value has actually increased.

As you can see from the above, the procedure is as seamless as it could be. The business does not carry out any credit rating checks or take time to consider whether you are qualified for a loan. On the contrary, if you have adequate security and a confirmed account, you are excellent to go.

 

How do you get paid on YouHodler?

  • Loan Terms and Amounts.

    YouHodler has various plans for loans that come with predefined terms.

    There are 3 options for loan durations:.

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

    Your interest rate is not identified by the quantity of security that you set up. Rather, it depends upon the type of plan you select.

    YouHodler uses the same interest rate for all its users. As the neighborhood grows, the service provider hopes that its interest rates will also drop appropriately. YouHodler also has an affiliate program to encourage its users to welcome others to join the platform to help accelerate this objective.

     

    Pros of YouHodler:.
    Strong Security. YouHodler put in place many methods to keep your funds safe..
    Solid Insurance coverage. Crypto assets are guaranteed for up to $150 million.
    Stablecoin Interest. YouHodler offers 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 won’t find anywhere else.
    Versatile Terms. You can increase the period of your loans at any time.
    High LTV. The top 20 coins can be utilized as collateral 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 on the currencies you utilize as collateral, you can only receive 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 readily available for loaning: BTC, BCH, BNB, ETH, LTC, XLM, XRP, DASH, HT, REP, and 15 other popular coins with the list growing.
    Kind of service: Direct lending.

    Cryptocurrencies are unstable creatures. To earn a profit, you need to be proficient at trading them or simply hold and hope your crypto gains in worth. Due to the fact that of volatility, neither method is especially simple to do.

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

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

    The company’s CEO is Ilya Volkov. YouHodler is a main Blockchain Association member of the Financial Commission. YouHodler is not offered in the United States in addition to in about a dozen other nations.