Looking for Youhodler History…YouHodler is a Swiss-based business that serves as a crypto-backed loan service provider. Among its primary concepts is that you can still HODL, without having to wait on a spike to offer.
It permits users to borrow fiat funds immediately, based upon the value of their cryptocurrency asset holdings. Apart from that, one can convert crypto to crypto, crypto to fiat, and likewise engage with stablecoins.
The most useful feature would be the choice to withdraw fiat to a personal savings account or individual credit card. Users can also hold their cryptocurrency in a YouHodler savings account.
It would not be improbable to consider YouHodler as a bank for your cryptocurrency. It is efficient and quick, allowing users to transfer their crypto assets with ease.
The platform focuses on providing a well-rounded experience for its users. You will discover everything that a crypto owner or an investor would perhaps need. To put it simply, YouHodler provides a variety of services that lets you harness your digital properties.
YouHodler’s wallet is developed with simpleness and effectiveness in mind. You can transfer your cryptocurrency, transform it to fiat, and hold the funds for investment purposes in your wallet. The business offers dedicated wallet designs for Bitcoin and over 14 other popular cryptocurrencies.
Is YouHodler legitimate? Youhodler History
Perhaps the most significant feature at YouHodler is its capability to offer you loans. A financier could think about these funding opportunities as a means of hedging. Crucially, it provides you access to a flexible course to enter the cryptocurrency trading markets.
With a crypto-backed line of credit, you can get fiat when you need it without touching your crypto portfolio at all. It eliminates a big part of the risk that accompanies financial investment options.
YouHodler is undoubtedly a leading player in this area– not least because it offers a top-rate loan-to-value ratio of as much as 90%. Outmatching its rivals, YouHodler accepts 15 different digital coins as collateral.
Users can receive both instant 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 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 procedure that YouHodler has in location.
YouHodler provides you a couple of alternatives to select how you want to back your loan. You can look for a loan quantity in fiat or Bitcoin– and you use multiple altcoins as security.
The initial application process works as follows:
Make a request using your crypto assets 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 actually increased.
As you can see from the above, the process is as smooth as it could be. The business does not perform any credit score checks or take time to consider whether you are eligible for a loan. On the contrary, if you have adequate security and a confirmed account, you are excellent 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 3 options for loan durations:.
1 month– 90% LTV.
60 days– 70% LTV.
180 days– 50% LTV.
Your rates of interest is not determined by the quantity of security that you installed. Rather, it depends on the kind of strategy you choose.
YouHodler offers the same rates of interest for all its users. As the community grows, the company hopes that its rate of interest will also drop appropriately. YouHodler likewise has an affiliate program to motivate its users to welcome others to join the platform to help accelerate this objective.
Pros of YouHodler:.
Strong Security. YouHodler put in place many methods to keep your funds safe..
Strong Insurance. Crypto assets are insured for up to $150 million.
Stablecoin Interest. YouHodler offers some of the best rate of interest for stablecoins.
Unique Features. You’ll find cool items such as the Multi HODL and the Turbocharge, which you will not 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 collateral 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 Obtain. Depending upon the currencies you utilize as security, you can just get loans in USD, EUR, GBP, and BTC..
Year founded: 2018.
Headquarters: 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 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 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. Since of volatility, neither technique is particularly easy to do.
If you could just transfer your crypto somewhere and make interest on it, what. This way, if the price increases 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 likewise considering that it loans out its crypto on deposits. Let’s see how it works.
YouHodler is a cryptocurrency exchange that specializes in crypto loaning and high-interest cost savings for Hodlers. YouHodler is based in Limassol, Limassol, Cyprus. Youhodler History
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 as well as in about a dozen other countries.