Looking for Youhodler Sign Up Bonus Reddit…YouHodler is a Swiss-based company that serves as a crypto-backed loan company. Among its primary principles is that you can still HODL, without having to wait on a spike to sell.
It allows users to borrow fiat funds quickly, based upon 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 advantageous feature would be the choice to withdraw fiat to a personal savings account or individual charge 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 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 everything that a crypto owner or a financier would perhaps require. In other words, YouHodler provides a range of services that lets you harness your digital possessions.
YouHodler’s wallet is created with simplicity 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 business provides devoted wallet styles for Bitcoin and over 14 other popular cryptocurrencies.
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Maybe the most noteworthy function at YouHodler is its capability to offer you loans. An investor might consider these financing opportunities as a means of hedging. Most importantly, it offers you access to a versatile course to enter the cryptocurrency trading markets.
With a crypto-backed line of credit, you can get fiat when you need it without touching your crypto portfolio at all. It eliminates a huge part of the danger that accompanies investment options.
YouHodler is certainly a leading player in this space– not least since it uses a top-rate loan-to-value ratio of up to 90%. Exceeding its competitors, YouHodler accepts 15 various 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 rate of interest on crypto loans are fairly 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 procedure that YouHodler has in place.
YouHodler offers you a couple of alternatives to choose how you wish to back your loan. You can request a loan amount in fiat or Bitcoin– and you utilize multiple altcoins as security.
The initial application process works as follows:
Make a request utilizing your crypto assets as collateral
Immediately receive an agreed loan quantity in fiat (USD, EURO, and Stablecoins, Bitcoin).
Once 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 procedure is as smooth as it could be. The business does not perform any credit history checks or require time to think about whether you are qualified for a loan. On the contrary, if you have adequate security and a validated account, you are good to go.
How do you get paid on YouHodler?
Loan Terms and Quantities.
YouHodler has different plans for loans that come with predefined terms.
There are 3 alternatives for loan periods:.
Thirty days– 90% LTV.
60 days– 70% LTV.
180 days– 50% LTV.
Your rate of interest is not figured out by the quantity of security that you set up. Instead, it depends on the type of plan you select.
YouHodler offers the same interest rate for all its users. As the community grows, the company hopes that its rate of interest will likewise drop appropriately. YouHodler also has an affiliate program to encourage its users to welcome others to sign up with the platform to assist accelerate this goal.
Pros of YouHodler:.
Strong Security. YouHodler put in place lots of methods to keep your funds safe..
Solid Insurance. Crypto assets are guaranteed for up to $150 million.
Stablecoin Interest. YouHodler offers some of the best rates of interest for stablecoins.
Special Functions. You’ll find cool products such as the Multi HODL and the Turbocharge, which you won’t find anywhere else.
Flexible Terms. You can increase the period of your loans at any time.
High LTV. The top 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 just receive loans in USD, EUR, GBP, and BTC..
Year founded: 2018.
Head office: Cyprus and Switzerland.
Licenses: European Union Financial Commission.
Currencies offered to earn 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.
Kind of service: Direct financing.
Cryptocurrencies are unpredictable animals. To make a profit, you have to be good at trading them or just hold and hope your crypto gains in worth. Neither approach is particularly easy to do because of volatility.
What if you might simply deposit 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 manage that also since it lends out its crypto on deposits.
YouHodler is a cryptocurrency exchange that concentrates on crypto financing and high-interest savings for Hodlers. YouHodler is based in Limassol, Limassol, Cyprus. Youhodler Sign Up Bonus Reddit
The business’s CEO is Ilya Volkov. YouHodler is a main Blockchain Association member of the Financial Commission. YouHodler is not offered in the United States as well as in about a dozen other countries.