Looking for Youhodler Team…YouHodler is a Swiss-based company that serves as a crypto-backed loan service provider. Among its primary ideas is that you can still HODL, without needing to await a spike to sell.
It permits users to obtain fiat funds instantly, 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 helpful feature would be the alternative to withdraw fiat to a personal bank account or individual charge card. Users can also hold their cryptocurrency in a YouHodler savings account.
It wouldn’t 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 focuses on delivering a well-rounded experience for its users. You will discover whatever that a crypto owner or an investor would perhaps require. To put it simply, YouHodler offers a range of services that lets you harness your digital properties.
YouHodler’s wallet is developed with simplicity and performance in mind. You can move your cryptocurrency, convert it to fiat, and hold the funds for investment functions in your wallet. The company offers dedicated wallet styles for Bitcoin and over 14 other popular cryptocurrencies.
Is YouHodler legitimate? Youhodler Team
Possibly the most significant feature at YouHodler is its ability to provide you loans. A financier could consider these funding opportunities as a means of hedging. Crucially, it offers you access to a versatile path to enter the cryptocurrency trading markets.
With a crypto-backed line of credit, you can get fiat when you require it without touching your crypto portfolio at all. It removes a big part of the threat that accompanies financial investment options.
YouHodler is unquestionably a leading gamer in this space– not least because it offers a top-rate loan-to-value ratio of up to 90%. Outpacing its rivals, YouHodler accepts 15 various digital coins as collateral.
Users can receive both immediate 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 interest rate as low as 2.5%.
Now let’s break down the loan procedure that YouHodler has in place.
YouHodler provides you a couple of options to pick how you want to back your loan. You can make an application for a loan quantity in fiat or Bitcoin– and you use multiple altcoins as collateral.
The initial application process works as follows:
Make a request utilizing your crypto assets as security
Instantly receive an agreed loan quantity in fiat (USD, EURO, and Stablecoins, Bitcoin).
When you pay back the loan, you will instantly get the security back, despite whether its worth has actually increased.
As you can see from the above, the procedure is as seamless as it could be. The business does not perform any credit score checks or require time to think about whether you are eligible for a loan. On the contrary, if you have sufficient collateral and a confirmed account, you are great to go.
How do you get paid on YouHodler?
Loan Terms and Quantities.
YouHodler has various plans for loans that feature predefined terms.
There are three alternatives for loan periods:.
30 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. Rather, it depends upon the type of strategy you select.
YouHodler offers the exact same rates of interest for all its users. As the community grows, the service provider hopes that its rate of interest will likewise drop accordingly. YouHodler also has an affiliate program to encourage its users to welcome others to sign up with the platform to help accelerate this goal.
Pros of YouHodler:.
Strong Security. YouHodler put in place many methods to keep your funds safe..
Solid Insurance coverage. Crypto possessions are insured for as much as $150 million.
Stablecoin Interest. YouHodler offers some of the best interest rates for stablecoins.
Unique Functions. You’ll discover cool items such as the Multi HODL and the Turbocharge, which you will not 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 collateral 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 Obtain. Depending upon the currencies you use as collateral, you can just receive loans in USD, EUR, GBP, and BTC..
Year established: 2018.
Headquarters: 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 available for borrowing: BTC, BCH, BNB, ETH, LTC, XLM, XRP, DASH, HT, REP, and 15 other popular coins with the list growing.
Type of service: Direct lending.
Cryptocurrencies are unstable animals. To make a profit, you need to be good at trading them or just hold and hope your crypto gains in worth. Neither technique is particularly easy to do because of volatility.
What if you might simply deposit your crypto somewhere and earn interest on it. By doing this, if the cost increases 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 also given that 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 concentrates on crypto lending and high-interest cost savings for Hodlers. YouHodler is based in Limassol, Limassol, Cyprus. Youhodler Team
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 along with in about a dozen other countries.