Looking for Youhodler Is Safe…YouHodler is a Swiss-based company that functions as a crypto-backed loan service provider. One of its main ideas is that you can still HODL, without needing to wait for a spike to offer.
It enables users to obtain fiat funds immediately, based on the value of their cryptocurrency asset holdings. Apart from that, one can convert crypto to crypto, crypto to fiat, and also engage with stablecoins.
The most advantageous function would be the choice to withdraw fiat to an individual checking account or personal credit card. Users can also 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 fast and effective, permitting users to move their crypto assets with ease.
The platform concentrates on delivering a well-rounded experience for its users. You will discover whatever that a crypto owner or an investor would perhaps require. In other words, YouHodler uses a range of services that lets you harness your digital assets.
YouHodler’s wallet is designed with simpleness and efficiency 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 dedicated wallet designs for Bitcoin and over 14 other popular cryptocurrencies.
Is YouHodler legitimate? Youhodler Is Safe
Maybe the most noteworthy function at YouHodler is its capability to use you loans. A financier might consider these funding opportunities 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 big part of the threat that accompanies investment choices.
YouHodler is undoubtedly a leading gamer in this space– not least due to the fact that it provides a top-rate loan-to-value ratio of up to 90%. Surpassing its rivals, YouHodler accepts 15 different digital coins as security.
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 might get your rates 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 choose how you want to back your loan. You can apply for a loan amount in fiat or Bitcoin– and you use numerous altcoins as collateral.
The initial application process works as follows:
Make a request utilizing your crypto properties as collateral
Immediately receive an agreed loan amount in fiat (USD, EURO, and Stablecoins, Bitcoin).
When you pay back the loan, you will instantly get the collateral back, despite whether its worth has increased.
As you can see from the above, the process is as smooth as it could be. The business does not perform any credit score checks or take some time to think about whether you are eligible for a loan. On the contrary, if you have sufficient security and a validated account, you are excellent to go.
How do you get paid on YouHodler?
Loan Terms and Quantities.
YouHodler has various bundles for loans that come with predefined terms.
There are 3 alternatives for loan periods:.
1 month– 90% LTV.
60 days– 70% LTV.
180 days– 50% LTV.
Your interest rate is not determined by the quantity of security that you installed. Rather, it depends upon the kind of plan you pick.
YouHodler provides the very same interest rate for all its users. As the neighborhood grows, the service provider hopes that its rate of interest will likewise drop appropriately. YouHodler likewise 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..
Solid Insurance. Crypto properties are guaranteed for as much as $150 million.
Stablecoin Interest. YouHodler uses some of the best rates of interest for stablecoins.
Special Features. You’ll find cool items such as the Multi HODL and the Turbocharge, which you won’t discover 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 security with 90% loan-to-value.
Is CoinLoan safe?
Cons of YouHodler:.
Seniority. YouHodler was founded in 2018, which is rather current compared to its rivals.
Currencies to Borrow. Depending upon the currencies you utilize as security, 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 readily available to earn 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, REP, and 15 other popular coins with the list growing.
Kind of service: Direct financing.
Cryptocurrencies are unstable animals. To make a profit, you need to be proficient at trading them or just hold and hope your crypto gains in value. Because of volatility, neither approach is especially easy to do.
What if you could just deposit your crypto someplace and make interest on it. This way, if the price boosts by a percentage or not at all, you can still earn a profit. That’s what YouHodler does. It pays high interest on cost savings. Youhodler can handle that likewise considering that it loans 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 focuses on crypto loaning and high-interest savings for Hodlers. YouHodler is based in Limassol, Limassol, Cyprus. Youhodler Is Safe
The business’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 dozen other countries.