Looking for Is Youhodler Available In Us…YouHodler is a Swiss-based company that serves as a crypto-backed loan service provider. One of its primary concepts is that you can still HODL, without needing to wait on a spike to sell.
It enables users to borrow fiat funds immediately, based upon the value of their cryptocurrency property holdings. Apart from that, one can transform crypto to crypto, crypto to fiat, and also engage with stablecoins.
The most advantageous feature would be the alternative to withdraw fiat to an individual bank account or individual credit card. Users can likewise hold their cryptocurrency in a YouHodler savings account.
It would not be far-fetched to consider YouHodler as a bank for your cryptocurrency. It is efficient and fast, permitting users to transfer their crypto assets with ease.
The platform concentrates on providing a well-rounded experience for its users. You will find everything that a crypto owner or an investor would perhaps need. In other words, YouHodler offers a variety of services that lets you harness your digital assets.
YouHodler’s wallet is developed with simpleness and effectiveness in mind. You can move your cryptocurrency, convert it to fiat, and hold the funds for investment purposes in your wallet. The business provides dedicated wallet designs for Bitcoin and over 14 other popular cryptocurrencies.
Is YouHodler legitimate? Is Youhodler Available In Us
Maybe the most significant function at YouHodler is its ability to provide you loans. An investor could think about these financing opportunities as a means of hedging. Crucially, it offers you access to a flexible path 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 gets rid of a huge part of the risk that accompanies financial investment choices.
YouHodler is undoubtedly a leading player in this space– not least because it provides a top-rate loan-to-value ratio of up to 90%. Outpacing its competitors, YouHodler accepts 15 different digital coins as collateral.
Users can receive both instant money 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 rate of interest as low as 2.5%.
Now let’s break down the loan procedure that YouHodler has in location.
YouHodler offers you a few alternatives to select how you wish to back your loan. You can request a loan amount in fiat or Bitcoin– and you use multiple altcoins as security.
The preliminary application procedure works as follows:
Make a demand utilizing your crypto properties as collateral
Quickly receive an agreed loan quantity in fiat (USD, EURO, and Stablecoins, Bitcoin).
When you pay back the loan, you will instantly get the collateral 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 business 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 security and a verified account, you are great to go.
How do you get paid on YouHodler?
Loan Terms and Quantities.
YouHodler has various plans for loans that feature predefined terms.
There are 3 alternatives for loan durations:.
1 month– 90% LTV.
60 days– 70% LTV.
180 days– 50% LTV.
Your interest rate is not determined by the amount of security that you installed. Instead, it depends upon the kind of strategy you pick.
YouHodler uses the very same interest rate for all its users. As the community grows, the provider hopes that its rate of interest will likewise drop appropriately. 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 numerous ways to keep your funds safe..
Solid Insurance. Crypto possessions are guaranteed for up to $150 million.
Stablecoin Interest. YouHodler uses a few of the best rates of interest for stablecoins.
Unique 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 used 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 use as security, you can just get loans in USD, EUR, GBP, and BTC..
Year established: 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 available for loaning: 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 creatures. To make a profit, you need to be good at trading them or just hold and hope your crypto gains in value. Neither approach is particularly easy to do because of volatility.
What if you could simply deposit your crypto somewhere and earn interest on it. By doing this, 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 market for a crypto-backed loan, Youhodler can deal with that also considering 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 savings for Hodlers. YouHodler is based in Limassol, Limassol, Cyprus. Is Youhodler Available In Us
The business’s CEO is Ilya Volkov. YouHodler is an official Blockchain Association member of the Financial Commission. YouHodler is not offered in the United States as well as in about a dozen other nations.