Looking for Marquez Youhodler…YouHodler is a Swiss-based company that acts as a crypto-backed loan provider. One of its primary concepts is that you can still HODL, without having to wait for a spike to sell.
It allows users to obtain fiat funds quickly, based upon the value of their cryptocurrency asset holdings. Apart from that, one can convert crypto to crypto, crypto to fiat, and also engage with stablecoins.
The most beneficial feature would be the alternative to withdraw fiat to an individual bank account or individual charge card. Users can likewise hold their cryptocurrency in a YouHodler savings account.
It would not be far-fetched to think about YouHodler as a bank for your cryptocurrency. It is quick and effective, allowing users to move their crypto assets with ease.
The platform concentrates on delivering a well-rounded experience for its users. You will discover whatever that a crypto owner or an investor would perhaps need. To put it simply, YouHodler uses a range of services that lets you harness your digital properties.
YouHodler’s wallet is developed with simpleness and efficiency in mind. You can move your cryptocurrency, convert it to fiat, and hold the funds for investment purposes in your wallet. The business offers devoted wallet designs for Bitcoin and over 14 other popular cryptocurrencies.
Is YouHodler legitimate? Marquez Youhodler
Perhaps the most notable feature at YouHodler is its capability to provide you loans. A financier might think about these funding chances as a means of hedging. Crucially, it offers you access to a flexible course to go into the cryptocurrency trading markets.
With a crypto-backed credit line, you can get fiat when you require it without touching your crypto portfolio at all. It eliminates a huge part of the risk that accompanies financial investment options.
YouHodler is unquestionably a leading gamer in this area– not least since it uses a top-rate loan-to-value ratio of as much as 90%. Outpacing its competitors, YouHodler accepts 15 different digital coins as collateral.
Users can get both immediate cash loans and crypto loans in USD, EURO, GBP, CHF, and even in Bitcoin( BTC) and Tether( USDT). The interest rates on crypto loans are fairly 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 choices to choose how you want to back your loan. You can request a loan amount in fiat or Bitcoin– and you utilize numerous altcoins as collateral.
The preliminary application procedure works as follows:
Make a demand using your crypto properties as security
Quickly get an agreed loan amount in fiat (USD, EURO, and Stablecoins, Bitcoin).
When you pay back the loan, you will immediately get the security back, despite 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 require time to think about whether you are eligible for a loan. On the contrary, if you have adequate security and a confirmed account, you are excellent to go.
How do you get paid on YouHodler?
Loan Terms and Quantities.
YouHodler has different packages for loans that feature predefined terms.
There are 3 alternatives for loan periods:.
Thirty days– 90% LTV.
60 days– 70% LTV.
180 days– 50% LTV.
Your rates of interest is not identified by the amount of security that you installed. Instead, it depends on the kind of strategy you select.
YouHodler provides the exact same rates of interest for all its users. As the neighborhood grows, the supplier hopes that its interest rates will likewise drop accordingly. YouHodler likewise has an affiliate program to encourage its users to welcome others to join the platform to help accelerate this objective.
Pros of YouHodler:.
Strong Security. YouHodler put in place many methods to keep your funds safe..
Strong Insurance coverage. Crypto properties are insured for as much as $150 million.
Stablecoin Interest. YouHodler uses some of the very best interest rates for stablecoins.
Special Features. You’ll find cool items such as the Multi HODL and the Turbocharge, which you will not discover 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 rather current compared to its competitors.
Currencies to Obtain. Depending upon the currencies you use as collateral, 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 available 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, ASSOCIATE, and 15 other popular coins with the list growing.
Kind of service: Direct loaning.
Cryptocurrencies are unstable creatures. To earn a profit, you need to be good at trading them or just hold and hope your crypto gains in worth. Since of volatility, neither approach is especially easy to do.
What if you might simply transfer your crypto someplace 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 because it loans out its crypto on deposits.
YouHodler is a cryptocurrency exchange that focuses on crypto lending and high-interest savings for Hodlers. YouHodler is based in Limassol, Limassol, Cyprus. Marquez Youhodler
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 lots other countries.