Looking for Youhodler Com…YouHodler is a Swiss-based business that serves as a crypto-backed loan provider. Among its main principles is that you can still HODL, without having to wait on a spike to sell.
It allows users to obtain fiat funds immediately, 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 useful function would be the alternative to withdraw fiat to a personal savings account or personal charge card. Users can likewise hold their cryptocurrency in a YouHodler savings account.
It would not be improbable to consider YouHodler as a bank for your cryptocurrency. It is effective and fast, allowing users to move their crypto properties with ease.
The platform focuses on delivering a well-rounded experience for its users. You will discover everything that a crypto owner or a financier would potentially require. In other words, YouHodler provides a range of services that lets you harness your digital properties.
YouHodler’s wallet is created with simplicity and efficiency in mind. You can transfer your cryptocurrency, transform it to fiat, and hold the funds for financial investment functions in your wallet. The business provides devoted wallet styles for Bitcoin and over 14 other popular cryptocurrencies.
Is YouHodler legitimate? Youhodler Com
Maybe the most noteworthy function at YouHodler is its capability to provide you loans. An investor might think about these funding chances as a means of hedging. Crucially, it provides you access to a versatile path to enter 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 eliminates a huge part of the threat that accompanies financial investment choices.
YouHodler is undoubtedly a leading gamer in this area– not least due to the fact that it provides a top-rate loan-to-value ratio of approximately 90%. Outmatching its rivals, YouHodler accepts 15 different digital coins as collateral.
Users can get both instant 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 fairly reasonably at 12% APR. If you are taking out a short-term loan, you could 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 couple of choices to select how you want to back your loan. You can make an application for a loan amount in fiat or Bitcoin– and you use numerous altcoins as collateral.
The initial application procedure works as follows:
Make a demand using your crypto properties as collateral
Quickly receive an agreed loan quantity in fiat (USD, EURO, and Stablecoins, Bitcoin).
When you repay the loan, you will instantly get the collateral back, despite whether its worth 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 score checks or take some time to think about whether you are qualified for a loan. On the contrary, if you have enough security and a verified account, you are good to go.
How do you get paid on YouHodler?
Loan Terms and Amounts.
YouHodler has various packages for loans that include predefined terms.
There are three alternatives for loan periods:.
1 month– 90% LTV.
60 days– 70% LTV.
180 days– 50% LTV.
Your rate of interest is not figured out by the quantity of security that you set up. Rather, it depends upon the kind of strategy you choose.
YouHodler provides the very same interest rate for all its users. As the community grows, the service provider hopes that its rate of interest will likewise drop accordingly. YouHodler likewise has an affiliate program to encourage its users to welcome others to sign up with the platform to help accelerate this objective.
Pros of YouHodler:.
Strong Security. YouHodler put in place numerous methods to keep your funds safe..
Strong Insurance coverage. Crypto assets are guaranteed for as much as $150 million.
Stablecoin Interest. YouHodler offers some of the best rate of interest for stablecoins.
Unique Features. You’ll discover cool items such as the Multi HODL and the Turbocharge, which you won’t discover 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 security 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 on the currencies you use as security, you can only get loans in USD, EUR, GBP, and BTC..
Year established: 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 readily available for borrowing: BTC, BCH, BNB, ETH, LTC, XLM, XRP, DASH, HT, ASSOCIATE, and 15 other popular coins with the list growing.
Type of service: Direct financing.
Cryptocurrencies are unpredictable creatures. To make a profit, you need to be proficient at trading them or just hold and hope your crypto gains in worth. Since of volatility, neither technique is particularly simple to do.
What if you might simply deposit your crypto someplace and earn 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 also given that it loans out its crypto on deposits.
YouHodler is a cryptocurrency exchange that focuses on crypto loaning and high-interest savings for Hodlers. YouHodler is based in Limassol, Limassol, Cyprus. Youhodler Com
The company’s CEO is Ilya Volkov. YouHodler is a main Blockchain Association member of the Financial Commission. YouHodler is not offered in the United States along with in about a lots other nations.