What If Youhodler Gets Hacked Online Today

Looking for What If Youhodler Gets Hacked…YouHodler is a Swiss-based company that works as a crypto-backed loan service provider. One of its primary concepts is that you can still HODL, without needing to wait for a spike to sell.

It enables 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 likewise engage with stablecoins.

The most beneficial function would be the option to withdraw fiat to a personal savings account or individual charge card. Users can also hold their cryptocurrency in a YouHodler savings account.

It wouldn’t be far-fetched to think about YouHodler as a bank for your cryptocurrency. It is effective and fast, allowing users to move their crypto assets with ease.

The platform focuses on providing a well-rounded experience for its users. You will find everything that a crypto owner or a financier would perhaps need. To put it simply, YouHodler uses a range of services that lets you harness your digital possessions.

YouHodler Wallet

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

Is YouHodler legitimate? What If Youhodler Gets Hacked

Perhaps the most significant function at YouHodler is its capability to offer you loans. A financier could consider these funding opportunities as a means of hedging. Most importantly, it gives you access to a versatile path to get in the cryptocurrency trading markets.

With a crypto-backed line of credit, you can get fiat when you require it without touching your crypto portfolio at all. It gets rid of a huge part of the threat that accompanies financial investment options.

 

YouHodler is certainly a leading player in this area– not least since it uses a top-rate loan-to-value ratio of as much as 90%. Outmatching its competitors, YouHodler accepts 15 different digital coins as security.

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 might get your rates 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 alternatives to choose how you want to back your loan. You can get a loan amount in fiat or Bitcoin– and you use multiple altcoins as security.

The preliminary application process works as follows:

Make a demand using your crypto assets as collateral
Immediately receive an agreed loan quantity in fiat (USD, EURO, and Stablecoins, Bitcoin).
As soon as you repay the loan, you will immediately get the security back, no matter whether its value has actually increased.

As you can see from the above, the process is as seamless as it could be. The business does not carry out any credit rating checks or take some time to think about whether you are eligible for a loan. On the contrary, if you have sufficient security and a confirmed account, you are excellent 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:.

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

    Your interest rate is not identified by the quantity of security that you installed. Instead, it depends upon the type of strategy you choose.

    YouHodler uses the exact 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 also has an affiliate program to encourage its users to welcome others to sign up with the platform to help accelerate this goal.

     

    Pros of YouHodler:.
    Strong Security. YouHodler put in place numerous methods to keep your funds safe..
    Solid Insurance. Crypto properties are insured for as much as $150 million.
    Stablecoin Interest. YouHodler provides some 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 won’t find anywhere else.
    Versatile Terms. You can increase the duration 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 rather current compared to its competitors.
    Currencies to Borrow. Depending on the currencies you utilize as security, you can only get loans in USD, EUR, GBP, and BTC..
    Year founded: 2018.
    Headquarters: 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 available for borrowing: BTC, BCH, BNB, ETH, LTC, XLM, XRP, DASH, HT, REP, and 15 other popular coins with the list growing.
    Type of service: Direct lending.

    Cryptocurrencies are unstable creatures. To earn a profit, you have to be good at trading them or just hold and hope your crypto gains in value. Neither method is particularly easy to do because of volatility.

    What if you could simply deposit your crypto someplace and make interest on it. This way, if the rate boosts by a percentage or not at all, you can still earn a profit. That’s what YouHodler does. It pays high interest on cost savings. If you’re in the marketplace for a crypto-backed loan, Youhodler can deal with that also since it lends out its crypto on deposits. Let’s see how it works.

    YouHodler is a cryptocurrency exchange that specializes in crypto loaning and high-interest savings for Hodlers. YouHodler is based in Limassol, Limassol, Cyprus. What If Youhodler Gets Hacked

    The company’s CEO is Ilya Volkov. YouHodler is a main Blockchain Association member of the Financial Commission. YouHodler is not available in the United States in addition to in about a dozen other countries.