Looking for Youhodler Welcome Bonus…YouHodler is a Swiss-based business that serves as a crypto-backed loan service provider. One of its primary ideas is that you can still HODL, without needing to wait on a spike to sell.
It permits users to borrow fiat funds immediately, based upon the worth of their cryptocurrency asset holdings. Apart from that, one can transform crypto to crypto, crypto to fiat, and also engage with stablecoins.
The most helpful feature would be the alternative to withdraw fiat to a personal savings account or individual credit card. Users can also hold their cryptocurrency in a YouHodler savings account.
It wouldn’t be improbable to think about YouHodler as a bank for your cryptocurrency. It is fast and effective, allowing users to transfer their crypto assets with ease.
The platform concentrates on providing a well-rounded experience for its users. You will discover everything that a crypto owner or an investor would potentially require. In other words, YouHodler offers a variety of services that lets you harness your digital assets.
YouHodler’s wallet is developed with simplicity and efficiency in mind. You can move your cryptocurrency, transform it to fiat, and hold the funds for investment functions in your wallet. The company offers devoted wallet styles for Bitcoin and over 14 other popular cryptocurrencies.
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Possibly the most notable feature at YouHodler is its ability to offer you loans. An investor could think about these funding opportunities as a means of hedging. Crucially, it gives you access to a versatile path to get in 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 removes a huge part of the threat that accompanies financial investment choices.
YouHodler is undoubtedly a leading player in this space– not least since it offers a top-rate loan-to-value ratio of as much as 90%. Outmatching its competitors, YouHodler accepts 15 various digital coins as security.
Users can receive both instantaneous 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 could get your rates of interest as low as 2.5%.
Now let’s break down the loan process that YouHodler has in location.
YouHodler offers you a few options to choose how you want to back your loan. You can look for a loan quantity in fiat or Bitcoin– and you utilize numerous altcoins as collateral.
The preliminary application procedure works as follows:
Make a demand utilizing your crypto assets as security
Immediately receive an agreed loan quantity in fiat (USD, EURO, and Stablecoins, Bitcoin).
As soon as you pay back the loan, you will right away get the security back, no matter whether its worth has actually increased.
As you can see from the above, the procedure is as seamless as it could be. The company does not perform any credit score checks or take some time to think about whether you are qualified for a loan. On the contrary, if you have adequate security and a verified account, you are good to go.
How do you get paid on YouHodler?
Loan Terms and Quantities.
YouHodler has various plans for loans that include predefined terms.
There are three alternatives for loan durations:.
One month– 90% LTV.
60 days– 70% LTV.
180 days– 50% LTV.
Your rates of interest is not figured out by the amount of collateral that you installed. Rather, it depends on the type of plan you choose.
YouHodler offers the exact same interest rate for all its users. As the neighborhood grows, the service provider hopes that its rates 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 help accelerate this objective.
Pros of YouHodler:.
Strong Security. YouHodler put in place numerous methods to keep your funds safe..
Solid Insurance. Crypto assets are guaranteed for approximately $150 million.
Stablecoin Interest. YouHodler uses some of the best interest rates for stablecoins.
Unique Features. You’ll discover cool items such as the Multi HODL and the Turbocharge, which you won’t discover anywhere else.
Versatile Terms. You can increase the duration of your loans at any time.
High LTV. The leading 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 rather recent compared to its rivals.
Currencies to Borrow. Depending on the currencies you utilize as security, you can only 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 readily 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 financing.
Cryptocurrencies are unstable animals. To make a profit, you need to be good at trading them or simply hold and hope your crypto gains in worth. Since of volatility, neither approach is especially simple to do.
If you could simply transfer your crypto somewhere and make interest on it, what. This way, if the price increases by a percentage or not at all, you can still make a profit. That’s what YouHodler does. It pays high interest on cost savings. If you’re in the market for a crypto-backed loan, Youhodler can handle that likewise given that it lends out its crypto on deposits. Let’s see how it works.
YouHodler is a cryptocurrency exchange that focuses on crypto lending and high-interest cost savings for Hodlers. YouHodler is based in Limassol, Limassol, Cyprus. Youhodler Welcome Bonus
The company’s CEO is Ilya Volkov. YouHodler is a main Blockchain Association member of the Financial Commission. YouHodler is not readily available in the United States as well as in about a dozen other nations.