Find Youhodler Wiki – Cryptocurrency

Looking for Youhodler Wiki…YouHodler is a Swiss-based company that serves as a crypto-backed loan company. One of its main principles is that you can still HODL, without needing to wait on a spike to offer.

It enables users to obtain fiat funds quickly, based upon the worth of their cryptocurrency property holdings. Apart from that, one can convert crypto to crypto, crypto to fiat, and likewise engage with stablecoins.

The most useful function would be the choice to withdraw fiat to a personal checking account or individual credit card. Users can likewise 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 quick and effective, enabling users to transfer their crypto properties with ease.

The platform focuses on providing a well-rounded experience for its users. You will find whatever that a crypto owner or an investor would perhaps require. Simply put, YouHodler offers a variety of services that lets you harness your digital possessions.

YouHodler Wallet

YouHodler’s wallet is created with simpleness and efficiency in mind. You can transfer your cryptocurrency, transform it to fiat, and hold the funds for investment purposes in your wallet. The business offers dedicated wallet designs for Bitcoin and over 14 other popular cryptocurrencies.

Is YouHodler legitimate? Youhodler Wiki

Possibly the most notable function at YouHodler is its capability to use you loans. An investor might consider these financing opportunities as a means of hedging. Crucially, it offers you access to a versatile course to go into 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 gets rid of a huge part of the danger that accompanies financial investment options.

 

YouHodler is unquestionably a leading gamer in this space– not least because it uses a top-rate loan-to-value ratio of up to 90%. Outpacing its competitors, YouHodler accepts 15 various digital coins as security.

Users can receive both immediate cash 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 fairly 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 gives you a few options to choose how you wish to back your loan. You can get a loan quantity in fiat or Bitcoin– and you utilize numerous altcoins as security.

The preliminary application procedure works as follows:

Make a demand utilizing your crypto assets as security
Immediately get an agreed loan quantity in fiat (USD, EURO, and Stablecoins, Bitcoin).
When you repay the loan, you will instantly get the collateral back, no matter whether its value 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 report checks or require time to consider whether you are qualified for a loan. On the contrary, if you have sufficient security and a confirmed account, you are good to go.

 

How do you get paid on YouHodler?

  • Loan Terms and Quantities.

    YouHodler has various packages for loans that include predefined terms.

    There are three alternatives for loan durations:.

    30 days– 90% LTV.
    60 days– 70% LTV.
    180 days– 50% LTV.

    Your interest rate is not determined by the quantity of security that you put up. Instead, it depends on the kind of strategy you pick.

    YouHodler provides the same rates of interest for all its users. As the community grows, the service provider hopes that its rates of interest will also drop accordingly. YouHodler also has an affiliate program to motivate its users to invite others to sign up with the platform to help accelerate this goal.

     

    Pros of YouHodler:.
    Strong Security. YouHodler put in place many ways to keep your funds safe..
    Solid Insurance. Crypto possessions are guaranteed for up to $150 million.
    Stablecoin Interest. YouHodler offers some of the very best rates of interest for stablecoins.
    Unique Features. You’ll find cool items such as the Multi HODL and the Turbocharge, which you won’t discover anywhere else.
    Versatile Terms. You can increase the period of your loans at any time.
    High LTV. The top 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 quite recent compared to its rivals.
    Currencies to Obtain. Depending on the currencies you utilize as collateral, you can only receive loans in USD, EUR, GBP, and BTC..
    Year established: 2018.
    Headquarters: 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 borrowing: BTC, BCH, BNB, ETH, LTC, XLM, XRP, DASH, HT, REPRESENTATIVE, 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. Due to the fact that of volatility, neither technique is particularly simple to do.

    If you might just deposit your crypto someplace and make interest on it, what. This way, if the cost increases by a small amount or not at all, you can still make a profit. That’s what YouHodler does. It pays high interest on savings. Youhodler can manage that likewise since 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 loaning and high-interest cost savings for Hodlers. YouHodler is based in Limassol, Limassol, Cyprus. Youhodler Wiki

    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 in addition to in about a lots other nations.