Looking for Youhodler Stablecoin…YouHodler is a Swiss-based company that serves as a crypto-backed loan service provider. One of its main principles is that you can still HODL, without needing to wait on a spike to sell.
It allows users to obtain fiat funds instantly, based upon the value of their cryptocurrency possession 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 option to withdraw fiat to a personal savings account or personal charge card. Users can also hold their cryptocurrency in a YouHodler savings account.
It would not be far-fetched to think about YouHodler as a bank for your cryptocurrency. It is quick and efficient, 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 possibly need. Simply put, YouHodler offers a range of services that lets you harness your digital assets.
YouHodler’s wallet is designed with simpleness and performance in mind. You can move your cryptocurrency, convert it to fiat, and hold the funds for investment purposes in your wallet. The company offers dedicated wallet styles for Bitcoin and over 14 other popular cryptocurrencies.
Is YouHodler legitimate? Youhodler Stablecoin
Maybe the most noteworthy function at YouHodler is its ability to provide you loans. A financier might think about these funding opportunities as a means of hedging. Crucially, it offers you access to a versatile path 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 gets rid of a big part of the threat that accompanies financial investment choices.
YouHodler is undoubtedly a leading gamer in this area– not least due to the fact that it uses a top-rate loan-to-value ratio of approximately 90%. Outmatching its competitors, YouHodler accepts 15 different digital coins as collateral.
Users can get both immediate money loans and crypto loans in USD, EURO, GBP, CHF, and even in Bitcoin( BTC) and Tether( USDT). The interest rates 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 procedure that YouHodler has in place.
YouHodler offers you a couple of alternatives to select how you want to back your loan. You can request a loan quantity in fiat or Bitcoin– and you utilize multiple altcoins as collateral.
The preliminary 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).
Once you repay 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 smooth as it could be. The business does not carry out any credit report checks or take time to consider whether you are qualified for a loan. On the contrary, if you have adequate collateral and a confirmed account, you are excellent to go.
How do you get paid on YouHodler?
Loan Terms and Amounts.
YouHodler has different bundles for loans that include predefined terms.
There are three choices for loan periods:.
One month– 90% LTV.
60 days– 70% LTV.
180 days– 50% LTV.
Your rates of interest is not determined by the quantity of collateral that you installed. Instead, it depends upon the type of strategy you pick.
YouHodler offers the very same interest rate for all its users. As the neighborhood grows, the service provider hopes that its rates of interest will also drop accordingly. YouHodler also has an affiliate program to encourage its users to invite others to sign up with the platform to assist accelerate this objective.
Pros of YouHodler:.
Strong Security. YouHodler put in place many ways to keep your funds safe..
Strong Insurance coverage. Crypto properties are guaranteed for up to $150 million.
Stablecoin Interest. YouHodler provides a few of the very best rates of interest for stablecoins.
Distinct Functions. You’ll discover cool products such as the Multi HODL and the Turbocharge, which you will not discover anywhere else.
Flexible Terms. You can increase the duration of your loans at any time.
High LTV. The leading 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 quite current compared to its competitors.
Currencies to Borrow. Depending on the currencies you utilize as collateral, you can just receive loans in USD, EUR, GBP, and BTC..
Year established: 2018.
Head office: Cyprus and Switzerland.
Licenses: European Union Financial Commission.
Currencies 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 lending.
Cryptocurrencies are unpredictable creatures. To make a profit, you have to be good at trading them or simply hold and hope your crypto gains in value. Because of volatility, neither method is especially easy to do.
What if you could just transfer your crypto someplace and earn interest on it. It pays high interest on savings. If you’re in the market for a crypto-backed loan, Youhodler can handle that likewise considering that it lends out its crypto on deposits.
YouHodler is a cryptocurrency exchange that focuses on crypto lending and high-interest savings for Hodlers. YouHodler is based in Limassol, Limassol, Cyprus. Youhodler Stablecoin
The company’s CEO is Ilya Volkov. YouHodler is an official Blockchain Association member of the Financial Commission. YouHodler is not offered in the United States along with in about a dozen other countries.