Looking for Mike Fallon Youhodler…YouHodler is a Swiss-based company that works as a crypto-backed loan provider. One of its main concepts is that you can still HODL, without having to wait for a spike to sell.
It enables users to borrow fiat funds instantly, based on the worth 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 a personal bank account or personal charge card. Users can also 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 quick and efficient, enabling users to move their crypto properties with ease.
The platform focuses on delivering a well-rounded experience for its users. You will discover whatever that a crypto owner or a financier would potentially require. In other words, YouHodler uses a variety of services that lets you harness your digital possessions.
YouHodler’s wallet is developed with simplicity 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 devoted wallet styles for Bitcoin and over 14 other popular cryptocurrencies.
Is YouHodler legitimate? Mike Fallon Youhodler
Possibly the most noteworthy feature at YouHodler is its ability to offer you loans. A financier could think about these funding opportunities as a means of hedging. Most importantly, it gives you access to a versatile path to enter 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 space– not least because it uses a top-rate loan-to-value ratio of as much as 90%. Outpacing its competitors, YouHodler accepts 15 various digital coins as collateral.
Users can receive both instantaneous cash 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 might 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 couple of alternatives to pick how you want to back your loan. You can get a loan amount in fiat or Bitcoin– and you utilize multiple altcoins as collateral.
The initial application process works as follows:
Make a request using your crypto assets as security
Immediately get an agreed loan amount in fiat (USD, EURO, and Stablecoins, Bitcoin).
As soon as you pay back the loan, you will instantly get the collateral back, no matter whether its worth has increased.
As you can see from the above, the process is as seamless as it could be. The company does not carry out any credit report checks or take time to think about whether you are qualified for a loan. On the contrary, if you have sufficient collateral and a validated account, you are good to go.
How do you get paid on YouHodler?
Loan Terms and Quantities.
YouHodler has various plans for loans that come with predefined terms.
There are 3 alternatives for loan periods:.
30 days– 90% LTV.
60 days– 70% LTV.
180 days– 50% LTV.
Your interest rate is not determined by the amount of security that you put up. Rather, it depends upon the type of plan you choose.
YouHodler provides the exact same rates of interest for all its users. As the community grows, the provider hopes that its rates of interest will also drop accordingly. YouHodler also has an affiliate program to encourage its users to welcome 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 possessions are insured for approximately $150 million.
Stablecoin Interest. YouHodler provides a few of the very best interest rates for stablecoins.
Special Features. You’ll discover cool products such as the Multi HODL and the Turbocharge, which you won’t find anywhere else.
Versatile Terms. You can increase the duration of your loans at any time.
High LTV. The leading 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 Borrow. Depending upon the currencies you utilize as collateral, you can only get loans in USD, EUR, GBP, and BTC..
Year established: 2018.
Headquarters: Cyprus and Switzerland.
Licenses: European Union Financial Commission.
Currencies readily available to make interest: Fiat (USD, EUR, CHF, GBP), crypto (BTC), and stablecoin loans (USDT, USDC, TUSD, PAX, PAXG).
Currencies offered 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 loaning.
Cryptocurrencies are volatile creatures. To make a profit, you need to be good at trading them or simply hold and hope your crypto gains in worth. Neither technique is particularly easy to do because of volatility.
What if you might just deposit your crypto somewhere and earn interest on it. It pays high interest on savings. If you’re in the market for a crypto-backed loan, Youhodler can manage that likewise given that it lends out its crypto on deposits.
YouHodler is a cryptocurrency exchange that specializes in crypto financing and high-interest cost savings for Hodlers. YouHodler is based in Limassol, Limassol, Cyprus. Mike Fallon Youhodler
The company’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 in addition to in about a dozen other nations.