Looking for Youhodler Crypto Reddit…YouHodler is a Swiss-based business that serves as a crypto-backed loan company. Among its primary principles is that you can still HODL, without needing to wait for a spike to sell.
It enables users to obtain fiat funds quickly, based on the worth of their cryptocurrency possession 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 alternative to withdraw fiat to an individual checking account or personal credit card. Users can likewise 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 fast and efficient, enabling users to transfer their crypto properties with ease.
The platform concentrates on delivering a well-rounded experience for its users. You will find whatever 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 properties.
YouHodler’s wallet is designed with simplicity and performance in mind. You can move your cryptocurrency, transform it to fiat, and hold the funds for investment purposes in your wallet. The company provides devoted wallet designs for Bitcoin and over 14 other popular cryptocurrencies.
Is YouHodler legitimate? Youhodler Crypto Reddit
Perhaps the most significant function at YouHodler is its capability to offer you loans. An investor could consider these funding chances as a means of hedging. Most importantly, it gives you access to a flexible course to go into 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 danger that accompanies investment choices.
YouHodler is undoubtedly a leading player in this area– not least since it offers a top-rate loan-to-value ratio of as much as 90%. Surpassing its competitors, YouHodler accepts 15 various digital coins as collateral.
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 relatively reasonably at 12% APR. If you are taking out a short-term loan, you could get your rate of interest as low as 2.5%.
Now let’s break down the loan procedure that YouHodler has in place.
YouHodler gives you a few alternatives to pick how you wish to back your loan. You can obtain a loan quantity in fiat or Bitcoin– and you use several altcoins as security.
The initial application procedure works as follows:
Make a demand utilizing your crypto assets as security
Immediately get an agreed loan amount in fiat (USD, EURO, and Stablecoins, Bitcoin).
Once you repay the loan, you will right away get the collateral back, no matter whether its worth has increased.
As you can see from the above, the procedure is as seamless as it could be. The business does not perform any credit score checks or require time to think about whether you are qualified for a loan. On the contrary, if you have enough collateral and a confirmed account, you are good to go.
How do you get paid on YouHodler?
Loan Terms and Amounts.
YouHodler has different bundles for loans that come with predefined terms.
There are 3 choices for loan periods:.
1 month– 90% LTV.
60 days– 70% LTV.
180 days– 50% LTV.
Your rates of interest is not figured out by the quantity of security that you put up. Rather, it depends upon the kind of strategy you pick.
YouHodler uses the exact same interest rate for all its users. As the community grows, the supplier hopes that its interest rates will likewise drop accordingly. YouHodler also has an affiliate program to motivate 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 many methods to keep your funds safe..
Solid Insurance. Crypto assets are guaranteed for as much as $150 million.
Stablecoin Interest. YouHodler offers some of the very best rate of interest for stablecoins.
Special Functions. You’ll find 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 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 rivals.
Currencies to Borrow. Depending on the currencies you use as collateral, you can just get loans in USD, EUR, GBP, and BTC..
Year founded: 2018.
Headquarters: Cyprus and Switzerland.
Licenses: European Union Financial Commission.
Currencies offered to make 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 loaning.
Cryptocurrencies are unstable creatures. To earn a profit, you need to be proficient at trading them or just hold and hope your crypto gains in worth. Because of volatility, neither method is particularly easy to do.
What if you might simply deposit your crypto somewhere and earn interest on it. It pays high interest on savings. If you’re in the market for a crypto-backed loan, Youhodler can handle that likewise considering that it lends out its crypto on deposits.
YouHodler is a cryptocurrency exchange that specializes in crypto financing and high-interest cost savings for Hodlers. YouHodler is based in Limassol, Limassol, Cyprus. Youhodler Crypto Reddit
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 in addition to in about a dozen other nations.