Looking for Youhodler Digital Assets Fund Manager…YouHodler is a Swiss-based company that serves as a crypto-backed loan provider. One of its primary ideas is that you can still HODL, without having to wait for a spike to offer.
It allows 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 useful feature would be the option to withdraw fiat to a personal savings account or individual charge card. Users can also hold their cryptocurrency in a YouHodler savings account.
It wouldn’t be far-fetched to think about YouHodler as a bank for your cryptocurrency. It is fast and efficient, enabling users to transfer their crypto possessions with ease.
The platform focuses on delivering a well-rounded experience for its users. You will discover everything that a crypto owner or an investor would potentially need. To put it simply, YouHodler uses a variety of services that lets you harness your digital possessions.
YouHodler’s wallet is developed with simplicity and effectiveness in mind. You can transfer your cryptocurrency, transform it to fiat, and hold the funds for financial investment purposes in your wallet. The business uses devoted wallet styles for Bitcoin and over 14 other popular cryptocurrencies.
Is YouHodler legitimate? Youhodler Digital Assets Fund Manager
Perhaps the most noteworthy feature at YouHodler is its capability to offer you loans. A financier might consider these financing chances as a means of hedging. Most importantly, it gives you access to a flexible path to enter 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 gets rid of a huge part of the threat that accompanies investment options.
YouHodler is undoubtedly a leading gamer in this space– not least because it provides a top-rate loan-to-value ratio of as much as 90%. Outpacing its competitors, YouHodler accepts 15 different digital coins as security.
Users can receive both instant money 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 interest rate as low as 2.5%.
Now let’s break down the loan process that YouHodler has in location.
YouHodler provides you a few options to pick 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 preliminary application process works as follows:
Make a demand using your crypto properties as collateral
Instantly receive an agreed loan amount in fiat (USD, EURO, and Stablecoins, Bitcoin).
As soon as you pay back the loan, you will instantly get the security back, despite whether its value 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 take time to consider whether you are qualified for a loan. On the contrary, if you have enough security and a validated account, you are good to go.
How do you get paid on YouHodler?
Loan Terms and Amounts.
YouHodler has different bundles for loans that include predefined terms.
There are three options 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 collateral that you set up. Instead, it depends upon the kind of strategy you pick.
YouHodler provides the very same rates of interest for all its users. As the community grows, the supplier hopes that its rates of interest will also drop appropriately. YouHodler likewise has an affiliate program to motivate its users to welcome others to sign up with the platform to assist accelerate this goal.
Pros of YouHodler:.
Strong Security. YouHodler put in place numerous methods to keep your funds safe..
Solid Insurance coverage. Crypto assets are insured for up to $150 million.
Stablecoin Interest. YouHodler provides a few of the very best interest rates for stablecoins.
Distinct Functions. You’ll discover 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 top 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 rather current compared to its competitors.
Currencies to Obtain. Depending upon the currencies you use as security, you can only receive loans in USD, EUR, GBP, and BTC..
Year founded: 2018.
Head office: Cyprus and Switzerland.
Licenses: European Union Financial Commission.
Currencies readily available 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.
Kind of service: Direct financing.
Cryptocurrencies are volatile animals. To make a profit, you need to be good at trading them or simply hold and hope your crypto gains in worth. Because of volatility, neither approach is especially simple 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 also given that it lends out its crypto on deposits.
YouHodler is a cryptocurrency exchange that focuses on crypto lending and high-interest savings for Hodlers. YouHodler is based in Limassol, Limassol, Cyprus. Youhodler Digital Assets Fund Manager
The company’s CEO is Ilya Volkov. YouHodler is a main Blockchain Association member of the Financial Commission. YouHodler is not available in the United States along with in about a lots other nations.