Chris Yeung Youhodler Online Today

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

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

The most advantageous feature would be the choice to withdraw fiat to an individual bank account or individual credit card. Users can likewise hold their cryptocurrency in a YouHodler savings account.

It wouldn’t be far-fetched to consider YouHodler as a bank for your cryptocurrency. It is effective and fast, allowing users to move their crypto possessions with ease.

The platform concentrates on providing a well-rounded experience for its users. You will find everything that a crypto owner or a financier would potentially require. In other words, YouHodler offers a variety of services that lets you harness your digital properties.

YouHodler Wallet

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

Is YouHodler legitimate? Chris Yeung Youhodler

Possibly the most notable feature at YouHodler is its capability to use you loans. A financier could think about these financing chances as a means of hedging. Crucially, it offers you access to a flexible path to get in 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 gets rid of a huge part of the risk that accompanies financial investment options.

 

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

Users can get 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 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 place.

 

YouHodler offers 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 multiple altcoins as security.

The initial application process works as follows:

Make a request utilizing your crypto properties as collateral
Quickly get an agreed loan quantity in fiat (USD, EURO, and Stablecoins, Bitcoin).
As soon as 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 procedure is as smooth as it could be. The company does not carry out any credit score checks or take some time to think about whether you are qualified for a loan. On the contrary, if you have sufficient collateral and a verified 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 alternatives for loan periods:.

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

    Your interest rate is not determined by the quantity of security that you installed. Instead, it depends on the kind of plan you select.

    YouHodler offers the very same rates of interest for all its users. As the community grows, the service provider hopes that its interest rates will likewise drop appropriately. YouHodler likewise has an affiliate program to motivate its users to invite others to join the platform to help accelerate this goal.

     

    Pros of YouHodler:.
    Strong Security. YouHodler put in place numerous methods to keep your funds safe..
    Strong Insurance. Crypto properties are insured for as much as $150 million.
    Stablecoin Interest. YouHodler uses a few of the best rates of interest for stablecoins.
    Distinct Functions. You’ll find cool items such as the Multi HODL and the Turbocharge, which you will not discover anywhere else.
    Versatile Terms. You can increase the period of your loans at any time.
    High LTV. The leading 20 coins can be utilized as security 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 upon the currencies you utilize as collateral, 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 offered for borrowing: BTC, BCH, BNB, ETH, LTC, XLM, XRP, DASH, HT, REPRESENTATIVE, and 15 other popular coins with the list growing.
    Kind of service: Direct financing.

    Cryptocurrencies are unstable 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 especially easy to do because of volatility.

    What if you could just transfer your crypto somewhere and earn interest on it. In this manner, if the price boosts by a small amount 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 marketplace for a crypto-backed loan, Youhodler can manage that also because it lends out its crypto on deposits. 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. Chris Yeung Youhodler

    The business’s CEO is Ilya Volkov. YouHodler is an official Blockchain Association member of the Financial Commission. YouHodler is not available in the United States as well as in about a dozen other nations.