Is Youhodler Scam Online Today

Looking for Is Youhodler Scam…YouHodler is a Swiss-based business that functions as a crypto-backed loan provider. Among its main ideas is that you can still HODL, without needing to wait for a spike to offer.

It enables users to borrow fiat funds instantly, based on the worth 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 feature would be the choice to withdraw fiat to a personal savings account or personal charge card. Users can also hold their cryptocurrency in a YouHodler savings account.

It would not be improbable to consider YouHodler as a bank for your cryptocurrency. It is fast and efficient, permitting users to move their crypto possessions with ease.

The platform concentrates on delivering a well-rounded experience for its users. You will find whatever that a crypto owner or a financier would perhaps need. In other words, YouHodler uses a range of services that lets you harness your digital possessions.

YouHodler Wallet

YouHodler’s wallet is designed with simplicity and performance in mind. You can move your cryptocurrency, convert it to fiat, and hold the funds for financial investment functions in your wallet. The company offers devoted wallet designs for Bitcoin and over 14 other popular cryptocurrencies.

Is YouHodler legitimate? Is Youhodler Scam

Perhaps the most noteworthy feature at YouHodler is its ability to offer you loans. An investor might consider these funding chances as a means of hedging. Most importantly, it gives 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 danger that accompanies investment options.

 

YouHodler is unquestionably a leading player in this area– not least due to the fact that it uses a top-rate loan-to-value ratio of as much as 90%. Exceeding its competitors, YouHodler accepts 15 various digital coins as collateral.

Users can receive 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 rate of interest as low as 2.5%.

Now let’s break down the loan procedure that YouHodler has in place.

 

YouHodler offers you a few choices to select how you want to back your loan. You can obtain a loan amount in fiat or Bitcoin– and you use numerous altcoins as collateral.

The preliminary application procedure works as follows:

Make a demand utilizing your crypto assets as security
Quickly get an agreed loan quantity in fiat (USD, EURO, and Stablecoins, Bitcoin).
As soon as you pay back the loan, you will instantly get the security back, despite whether its value has actually increased.

As you can see from the above, the process 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 adequate collateral and a verified account, you are good to go.

 

How do you get paid on YouHodler?

  • Loan Terms and Amounts.

    YouHodler has different bundles for loans that feature predefined terms.

    There are three options for loan periods:.

    One month– 90% LTV.
    60 days– 70% LTV.
    180 days– 50% LTV.

    Your interest rate is not identified by the amount of security that you set up. Instead, it depends on the type of strategy you pick.

    YouHodler offers the same rates of interest for all its users. As the community grows, the provider hopes that its rate of interest will likewise drop appropriately. YouHodler likewise has an affiliate program to motivate its users to invite others to sign up with the platform to assist accelerate this goal.

     

    Pros of YouHodler:.
    Strong Security. YouHodler put in place numerous methods to keep your funds safe..
    Strong Insurance coverage. Crypto possessions are insured for as much as $150 million.
    Stablecoin Interest. YouHodler provides some of the very best rates of interest for stablecoins.
    Distinct Features. You’ll find cool products such as the Multi HODL and the Turbocharge, which you will not find anywhere else.
    Flexible Terms. You can increase the duration 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 quite recent compared to its rivals.
    Currencies to Obtain. Depending on the currencies you use as security, you can only get loans in USD, EUR, GBP, and BTC..
    Year established: 2018.
    Head office: 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 loaning: BTC, BCH, BNB, ETH, LTC, XLM, XRP, DASH, HT, REPRESENTATIVE, and 15 other popular coins with the list growing.
    Type of service: Direct loaning.

    Cryptocurrencies are unpredictable creatures. To earn a profit, you have 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 especially easy to do.

    What if you might just transfer your crypto somewhere and make interest on it. It pays high interest on savings. If you’re in the market for a crypto-backed loan, Youhodler can deal with that likewise given that it loans out its crypto on deposits.

    YouHodler is a cryptocurrency exchange that focuses on crypto loaning and high-interest cost savings for Hodlers. YouHodler is based in Limassol, Limassol, Cyprus. Is Youhodler Scam

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