Looking for Youhodler Crypto Loans…YouHodler is a Swiss-based company that functions as a crypto-backed loan company. One of its main concepts is that you can still HODL, without having to wait on a spike to sell.
It permits users to borrow fiat funds instantly, based upon the value of their cryptocurrency possession holdings. Apart from that, one can transform crypto to crypto, crypto to fiat, and likewise engage with stablecoins.
The most beneficial feature would be the option to withdraw fiat to a personal savings 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 fast and efficient, allowing users to transfer their crypto assets with ease.
The platform concentrates on providing a well-rounded experience for its users. You will find everything that a crypto owner or a financier would possibly require. In other words, YouHodler uses a variety of services that lets you harness your digital assets.
YouHodler’s wallet is created with simpleness and performance in mind. You can transfer your cryptocurrency, convert it to fiat, and hold the funds for investment purposes in your wallet. The company provides devoted wallet styles for Bitcoin and over 14 other popular cryptocurrencies.
Is YouHodler legitimate? Youhodler Crypto Loans
Possibly the most significant feature at YouHodler is its capability to provide you loans. An investor might think about these financing opportunities as a means of hedging. Most importantly, it gives you access to a flexible course to get in 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 eliminates a huge part of the threat that accompanies investment options.
YouHodler is certainly a leading gamer in this area– not least since it uses a top-rate loan-to-value ratio of approximately 90%. Outpacing its competitors, YouHodler accepts 15 different digital coins as security.
Users can get both instantaneous cash 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 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 procedure that YouHodler has in place.
YouHodler offers you a few choices to select how you want to back your loan. You can look for a loan quantity in fiat or Bitcoin– and you utilize multiple altcoins as collateral.
The initial application procedure works as follows:
Make a request utilizing your crypto assets as collateral
Immediately get an agreed loan amount in fiat (USD, EURO, and Stablecoins, Bitcoin).
Once you pay back the loan, you will immediately get the collateral back, regardless of whether its worth has increased.
As you can see from the above, the process is as seamless as it could be. The business does not perform any credit history checks or take time to think about whether you are qualified for a loan. On the contrary, if you have adequate collateral and a verified account, you are good to go.
How do you get paid on YouHodler?
Loan Terms and Quantities.
YouHodler has various packages for loans that feature predefined terms.
There are 3 choices for loan periods:.
Thirty days– 90% LTV.
60 days– 70% LTV.
180 days– 50% LTV.
Your interest rate is not determined by the amount of collateral that you put up. Instead, it depends upon the kind of plan you pick.
YouHodler uses the very same rates of interest for all its users. As the community grows, the provider hopes that its rates of interest will likewise drop appropriately. YouHodler also has an affiliate program to encourage its users to invite others to sign up with the platform to assist accelerate this goal.
Pros of YouHodler:.
Strong Security. YouHodler put in place lots of methods to keep your funds safe..
Solid Insurance. Crypto assets are insured for approximately $150 million.
Stablecoin Interest. YouHodler provides some of the very best interest rates for stablecoins.
Special Functions. You’ll discover cool products such as the Multi HODL and the Turbocharge, which you will not find anywhere else.
Versatile Terms. You can increase the period of your loans at any time.
High LTV. The leading 20 coins can be used as security with 90% loan-to-value.
Is CoinLoan safe?
Cons of YouHodler:.
Seniority. YouHodler was founded in 2018, which is quite current compared to its rivals.
Currencies to Borrow. Depending upon the currencies you use as collateral, you can just receive loans in USD, EUR, GBP, and BTC..
Year founded: 2018.
Head office: Cyprus and Switzerland.
Licenses: European Union Financial Commission.
Currencies available to make 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.
Kind of service: Direct financing.
Cryptocurrencies are volatile creatures. To earn a profit, you have to be good at trading them or just hold and hope your crypto gains in worth. Neither approach is particularly easy to do because of volatility.
What if you could simply deposit your crypto somewhere and make interest on it. In this manner, if the rate increases by a small amount or not at all, you can still earn a profit. That’s what YouHodler does. It pays high interest on cost savings. Youhodler can manage that also given that it lends 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. Youhodler Crypto Loans
The business’s CEO is Ilya Volkov. YouHodler is an official 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.