Looking for βυρωνας Blockfest Live 2017…YouHodler is a Swiss-based business that functions as a crypto-backed loan service provider. One of its main ideas is that you can still HODL, without needing to await a spike to sell.
It permits users to borrow fiat funds quickly, based on the value of their cryptocurrency possession holdings. Apart from that, one can transform crypto to crypto, crypto to fiat, and also engage with stablecoins.
The most helpful function would be the option to withdraw fiat to an individual checking 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 fast and efficient, allowing users to move their crypto assets with ease.
The platform focuses on delivering a well-rounded experience for its users. You will discover everything that a crypto owner or an investor would possibly require. To put it simply, YouHodler offers a range of services that lets you harness your digital possessions.
YouHodler’s wallet is created with simpleness and efficiency in mind. You can move your cryptocurrency, transform it to fiat, and hold the funds for investment purposes in your wallet. The company offers devoted wallet styles for Bitcoin and over 14 other popular cryptocurrencies.
Is YouHodler legitimate? βυρωνας Blockfest Live 2017
Perhaps the most noteworthy function at YouHodler is its capability to use you loans. An investor might consider these funding 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 credit line, you can get fiat when you need it without touching your crypto portfolio at all. It removes a big part of the risk that accompanies investment options.
YouHodler is certainly a leading player in this space– not least since it provides a top-rate loan-to-value ratio of as much as 90%. Surpassing its rivals, YouHodler accepts 15 different digital coins as security.
Users can receive both instant 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 relatively reasonably at 12% APR. If you are taking out a short-term loan, you could get your interest rate as low as 2.5%.
Now let’s break down the loan process that YouHodler has in location.
YouHodler provides you a few options to choose how you wish to back your loan. You can look for a loan amount in fiat or Bitcoin– and you utilize multiple altcoins as security.
The preliminary application process works as follows:
Make a demand using your crypto possessions as security
Immediately get an agreed loan quantity in fiat (USD, EURO, and Stablecoins, Bitcoin).
When you pay back the loan, you will right away get the collateral back, regardless of whether its value has actually increased.
As you can see from the above, the process is as smooth as it could be. The business does not perform any credit rating checks or require time to consider whether you are eligible for a loan. On the contrary, if you have adequate collateral and a verified account, you are excellent to go.
How do you get paid on YouHodler?
Loan Terms and Quantities.
YouHodler has different bundles for loans that come with predefined terms.
There are three alternatives for loan periods:.
Thirty days– 90% LTV.
60 days– 70% LTV.
180 days– 50% LTV.
Your rates of interest is not determined by the quantity of security that you installed. Rather, it depends on the kind of strategy you pick.
YouHodler provides the exact same interest rate for all its users. As the neighborhood grows, the company hopes that its rate of interest will also drop appropriately. YouHodler also has an affiliate program to encourage its users to welcome others to join the platform to assist accelerate this goal.
Pros of YouHodler:.
Strong Security. YouHodler put in place numerous methods to keep your funds safe..
Solid Insurance coverage. Crypto assets are guaranteed for as much as $150 million.
Stablecoin Interest. YouHodler uses some of the very best interest rates for stablecoins.
Special Functions. You’ll discover cool products such as the Multi HODL and the Turbocharge, which you won’t discover anywhere else.
Flexible 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 current compared to its rivals.
Currencies to Borrow. Depending on the currencies you utilize as security, you can just get loans in USD, EUR, GBP, and BTC..
Year founded: 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 readily available for loaning: BTC, BCH, BNB, ETH, LTC, XLM, XRP, DASH, HT, ASSOCIATE, and 15 other popular coins with the list growing.
Kind of service: Direct lending.
Cryptocurrencies are volatile animals. To earn a profit, you need to be good at trading them or simply hold and hope your crypto gains in value. Neither technique is particularly easy to do because of volatility.
What if you could just 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 deal with that also because it lends out its crypto on deposits.
YouHodler is a cryptocurrency exchange that focuses on crypto financing and high-interest savings for Hodlers. YouHodler is based in Limassol, Limassol, Cyprus. βυρωνας Blockfest Live 2017
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 nations.