Looking for Does Youhodler Have An App…YouHodler is a Swiss-based company that functions as a crypto-backed loan service provider. One of its main ideas is that you can still HODL, without needing to wait on a spike to offer.
It allows users to obtain fiat funds immediately, 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 a personal bank account or personal 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 efficient and fast, enabling 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 provides a range of services that lets you harness your digital properties.
YouHodler’s wallet is designed with simplicity and efficiency in mind. You can transfer your cryptocurrency, convert it to fiat, and hold the funds for investment functions in your wallet. The business uses devoted wallet designs for Bitcoin and over 14 other popular cryptocurrencies.
Is YouHodler legitimate? Does Youhodler Have An App
Maybe the most notable function at YouHodler is its ability to use you loans. An investor could consider these financing chances as a means of hedging. Crucially, it offers you access to a versatile course to enter 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 big part of the risk that accompanies financial investment options.
YouHodler is certainly a leading player in this area– not least since it provides a top-rate loan-to-value ratio of approximately 90%. Surpassing its rivals, YouHodler accepts 15 different digital coins as collateral.
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 might get your interest rate as low as 2.5%.
Now let’s break down the loan process that YouHodler has in place.
YouHodler gives you a few alternatives to select how you wish to back your loan. You can apply for a loan quantity in fiat or Bitcoin– and you utilize multiple altcoins as security.
The initial application procedure works as follows:
Make a demand using your crypto properties as collateral
Quickly receive an agreed loan amount in fiat (USD, EURO, and Stablecoins, Bitcoin).
As soon as you repay the loan, you will right away get the security back, no matter whether its value has increased.
As you can see from the above, the procedure is as seamless as it could be. The company does not perform any credit rating checks or require time to think about whether you are qualified 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 various bundles for loans that include predefined terms.
There are three alternatives for loan durations:.
Thirty days– 90% LTV.
60 days– 70% LTV.
180 days– 50% LTV.
Your interest rate is not identified by the quantity of security that you installed. Instead, it depends upon the kind of plan you choose.
YouHodler offers the very same rates of interest for all its users. As the neighborhood grows, the company hopes that its rate of interest will also drop accordingly. YouHodler likewise 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 many ways to keep your funds safe..
Strong Insurance. Crypto assets are guaranteed for as much as $150 million.
Stablecoin Interest. YouHodler uses some of the very best rates of interest for stablecoins.
Special Functions. You’ll find cool items such as the Multi HODL and the Turbocharge, which you will not find anywhere else.
Flexible 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 rather recent compared to its rivals.
Currencies to Obtain. Depending on the currencies you use as security, you can only receive loans in USD, EUR, GBP, and BTC..
Year established: 2018.
Headquarters: Cyprus and Switzerland.
Licenses: European Union Financial Commission.
Currencies offered to make 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, ASSOCIATE, and 15 other popular coins with the list growing.
Kind of service: Direct loaning.
Cryptocurrencies are volatile animals. To earn a profit, you need to be proficient at trading them or just hold and hope your crypto gains in worth. Because of volatility, neither approach is particularly simple to do.
What if you could just transfer your crypto somewhere and earn interest on it. It pays high interest on cost savings. If you’re in the market for a crypto-backed loan, Youhodler can handle that also considering that it loans out its crypto on deposits.
YouHodler is a cryptocurrency exchange that focuses on crypto lending and high-interest cost savings for Hodlers. YouHodler is based in Limassol, Limassol, Cyprus. Does Youhodler Have An App
The company’s CEO is Ilya Volkov. YouHodler is a main Blockchain Association member of the Financial Commission. YouHodler is not available in the United States along with in about a dozen other nations.