Looking for Youhodler Credit Card Europe…YouHodler is a Swiss-based company that works as a crypto-backed loan company. One of its main concepts is that you can still HODL, without having to wait for a spike to offer.
It enables users to obtain fiat funds quickly, based on 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 advantageous feature would be the alternative to withdraw fiat to an individual checking account or personal charge card. Users can also hold their cryptocurrency in a YouHodler savings account.
It would not be far-fetched to consider YouHodler as a bank for your cryptocurrency. It is effective and quick, allowing users to transfer their crypto properties with ease.
The platform focuses on providing a well-rounded experience for its users. You will find whatever that a crypto owner or an investor would potentially need. Simply put, YouHodler offers a range of services that lets you harness your digital possessions.
YouHodler’s wallet is developed with simplicity and efficiency in mind. You can transfer your cryptocurrency, transform it to fiat, and hold the funds for investment purposes in your wallet. The company uses dedicated wallet styles for Bitcoin and over 14 other popular cryptocurrencies.
Is YouHodler legitimate? Youhodler Credit Card Europe
Possibly the most notable feature at YouHodler is its capability to offer you loans. An investor could think about these funding opportunities as a means of hedging. Most importantly, it offers you access to a versatile course 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 removes a huge part of the threat that accompanies financial investment choices.
YouHodler is certainly a leading player in this space– not least since it provides a top-rate loan-to-value ratio of approximately 90%. Surpassing its rivals, YouHodler accepts 15 various digital coins as security.
Users can get both instant money loans and crypto loans in USD, EURO, GBP, CHF, and even in Bitcoin( BTC) and Tether( USDT). The rate of interest on crypto loans are relatively 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 couple of options to choose 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 security.
The initial application process works as follows:
Make a demand utilizing your crypto possessions as security
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, no matter whether its worth has actually increased.
As you can see from the above, the procedure is as smooth as it could be. The company does not perform any credit history checks or take some time to consider whether you are eligible for a loan. On the contrary, if you have adequate collateral 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:.
Thirty days– 90% LTV.
60 days– 70% LTV.
180 days– 50% LTV.
Your interest rate is not determined by the amount of security that you set up. Rather, it depends upon the type of strategy you pick.
YouHodler provides the exact same rates of interest for all its users. As the community grows, the service provider hopes that its rates of interest will likewise drop appropriately. YouHodler likewise has an affiliate program to motivate its users to invite others to join the platform to assist accelerate this goal.
Pros of YouHodler:.
Strong Security. YouHodler put in place lots of methods to keep your funds safe..
Strong Insurance coverage. Crypto properties are guaranteed for as much as $150 million.
Stablecoin Interest. YouHodler provides some of the best rates of interest for stablecoins.
Unique Functions. 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 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 rather current compared to its competitors.
Currencies to Obtain. Depending on the currencies you utilize as security, you can just get loans in USD, EUR, GBP, and BTC..
Year founded: 2018.
Head office: Cyprus and Switzerland.
Licenses: European Union Financial Commission.
Currencies offered 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, REP, and 15 other popular coins with the list growing.
Kind of service: Direct financing.
Cryptocurrencies are unstable animals. To earn a profit, you have to be proficient at trading them or just hold and hope your crypto gains in value. Since of volatility, neither technique is especially easy to do.
What if you might simply deposit your crypto somewhere 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 manage that likewise considering that it loans out its crypto on deposits.
YouHodler is a cryptocurrency exchange that concentrates on crypto lending and high-interest savings for Hodlers. YouHodler is based in Limassol, Limassol, Cyprus. Youhodler Credit Card Europe
The company’s CEO is Ilya Volkov. YouHodler is an official Blockchain Association member of the Financial Commission. YouHodler is not available in the United States along with in about a lots other countries.