Looking for Owners Of Youhodler…YouHodler is a Swiss-based business that acts as a crypto-backed loan service provider. Among its main ideas is that you can still HODL, without needing to await a spike to offer.
It permits users to borrow 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 likewise engage with stablecoins.
The most helpful function would be the option to withdraw fiat to an individual checking account or personal credit card. Users can also 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 effective and quick, enabling users to transfer their crypto assets with ease.
The platform concentrates on delivering a well-rounded experience for its users. You will discover everything that a crypto owner or a financier would possibly require. In other words, YouHodler provides a range of services that lets you harness your digital properties.
YouHodler’s wallet is designed 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 company offers dedicated wallet designs for Bitcoin and over 14 other popular cryptocurrencies.
Is YouHodler legitimate? Owners Of Youhodler
Maybe the most notable feature at YouHodler is its ability to use you loans. An investor might think about these financing opportunities as a means of hedging. Crucially, it offers you access to a versatile course to enter 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 removes a big part of the risk that accompanies financial investment choices.
YouHodler is undoubtedly a leading gamer in this space– not least because it provides a top-rate loan-to-value ratio of as much as 90%. Exceeding its rivals, 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 fairly reasonably at 12% APR. If you are taking out a short-term loan, you might get your rate of interest as low as 2.5%.
Now let’s break down the loan process that YouHodler has in place.
YouHodler provides you a few choices to choose how you want to back your loan. You can make an application for a loan quantity in fiat or Bitcoin– and you utilize multiple altcoins as collateral.
The initial application process works as follows:
Make a demand using your crypto properties as security
Instantly get an agreed loan amount in fiat (USD, EURO, and Stablecoins, Bitcoin).
When you pay back the loan, you will instantly get the collateral back, despite whether its value 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 require time to think about whether you are qualified for a loan. On the contrary, if you have enough security and a confirmed account, you are excellent to go.
How do you get paid on YouHodler?
Loan Terms and Quantities.
YouHodler has various bundles for loans that feature predefined terms.
There are 3 choices for loan periods:.
One month– 90% LTV.
60 days– 70% LTV.
180 days– 50% LTV.
Your rates of interest is not identified by the quantity of security that you put up. Instead, it depends on the type of strategy you select.
YouHodler provides the very same rate of interest for all its users. As the community grows, the supplier hopes that its rate of interest will also drop accordingly. YouHodler also has an affiliate program to motivate its users to invite others to sign up with the platform to assist accelerate this objective.
Pros of YouHodler:.
Strong Security. YouHodler put in place lots of methods to keep your funds safe..
Strong Insurance. Crypto assets are insured for up to $150 million.
Stablecoin Interest. YouHodler uses a few of the very best rate 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 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 quite recent compared to its rivals.
Currencies to Borrow. Depending upon the currencies you utilize as security, you can only get loans in USD, EUR, GBP, and BTC..
Year founded: 2018.
Head office: Cyprus and Switzerland.
Licenses: European Union Financial Commission.
Currencies readily available 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, ASSOCIATE, and 15 other popular coins with the list growing.
Type of service: Direct lending.
Cryptocurrencies are unstable animals. To earn a profit, you have to be proficient at trading them or simply hold and hope your crypto gains in value. Neither technique is particularly easy to do because of volatility.
What if you could just transfer your crypto somewhere and earn interest on it. By doing this, if the price increases 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. Youhodler can handle that also considering that it loans out its crypto on deposits if you’re in the market for a crypto-backed loan. Let’s see how it works.
YouHodler is a cryptocurrency exchange that focuses on crypto loaning and high-interest savings for Hodlers. YouHodler is based in Limassol, Limassol, Cyprus. Owners Of Youhodler
The business’s CEO is Ilya Volkov. YouHodler is an official Blockchain Association member of the Financial Commission. YouHodler is not available in the United States as well as in about a lots other nations.