Looking for Youhodler Crypto Safe…YouHodler is a Swiss-based business that acts as a crypto-backed loan provider. One of its primary concepts is that you can still HODL, without having to await a spike to offer.
It enables users to obtain fiat funds immediately, based upon the value of their cryptocurrency asset holdings. Apart from that, one can transform crypto to crypto, crypto to fiat, and likewise engage with stablecoins.
The most advantageous feature would be the option to withdraw fiat to a personal bank account or personal credit card. Users can likewise hold their cryptocurrency in a YouHodler savings account.
It wouldn’t be far-fetched to consider YouHodler as a bank for your cryptocurrency. It is effective and fast, allowing users to move their crypto possessions with ease.
The platform focuses on providing a well-rounded experience for its users. You will discover everything that a crypto owner or a financier would possibly require. Simply put, YouHodler provides a variety of services that lets you harness your digital properties.
YouHodler’s wallet is created with simplicity and performance in mind. You can transfer your cryptocurrency, transform it to fiat, and hold the funds for financial investment functions in your wallet. The company provides devoted wallet designs for Bitcoin and over 14 other popular cryptocurrencies.
Is YouHodler legitimate? Youhodler Crypto Safe
Possibly the most noteworthy feature at YouHodler is its ability to offer you loans. A financier might think about these financing chances as a means of hedging. Crucially, 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 investment choices.
YouHodler is unquestionably a leading player in this space– not least due to the fact that it offers a top-rate loan-to-value ratio of approximately 90%. Outmatching its competitors, YouHodler accepts 15 various digital coins as collateral.
Users can receive both instantaneous 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 rate of interest as low as 2.5%.
Now let’s break down the loan process that YouHodler has in location.
YouHodler offers you a few alternatives to pick how you wish to back your loan. You can request a loan quantity in fiat or Bitcoin– and you use numerous altcoins as security.
The preliminary application procedure works as follows:
Make a demand using your crypto possessions as collateral
Immediately get an agreed loan quantity in fiat (USD, EURO, and Stablecoins, Bitcoin).
Once you repay the loan, you will right away get the collateral back, regardless of 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 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 security and a verified account, you are excellent 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 alternatives for loan periods:.
1 month– 90% LTV.
60 days– 70% LTV.
180 days– 50% LTV.
Your rate of interest is not identified by the quantity of collateral that you put up. Rather, it depends on the kind of plan you choose.
YouHodler uses the very same rates of interest for all its users. As the community grows, the provider hopes that its interest rates will likewise drop appropriately. YouHodler also has an affiliate program to encourage its users to invite 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 guaranteed for up to $150 million.
Stablecoin Interest. YouHodler uses a few of the best rates of interest for stablecoins.
Unique Features. You’ll find cool products such as the Multi HODL and the Turbocharge, which you won’t find anywhere else.
Flexible 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 recent compared to its competitors.
Currencies to Borrow. Depending upon 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 offered to make 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, ASSOCIATE, and 15 other popular coins with the list growing.
Type of service: Direct financing.
Cryptocurrencies are unstable creatures. To make a profit, you have to be good at trading them or simply hold and hope your crypto gains in value. Because of volatility, neither approach is particularly simple to do.
What if you could simply deposit your crypto somewhere and earn interest on it. By doing this, if the price boosts by a percentage or not at all, you can still earn a profit. That’s what YouHodler does. It pays high interest on savings. If you’re in the marketplace for a crypto-backed loan, Youhodler can deal with that also because it loans out its crypto on deposits. Let’s see how it works.
YouHodler is a cryptocurrency exchange that concentrates on crypto financing and high-interest savings for Hodlers. YouHodler is based in Limassol, Limassol, Cyprus. Youhodler Crypto Safe
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 as well as in about a lots other nations.