Looking for Youhodler Interest Rates Litecoin…YouHodler is a Swiss-based business that works as a crypto-backed loan company. Among its primary ideas is that you can still HODL, without needing to wait for a spike to sell.
It permits users to obtain fiat funds immediately, based on 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 advantageous function would be the alternative to withdraw fiat to an individual bank account or individual charge card. Users can also 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 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 find everything that a crypto owner or an investor would potentially need. Simply put, YouHodler provides a variety of services that lets you harness your digital assets.
YouHodler’s wallet is developed with simpleness and performance in mind. You can move your cryptocurrency, convert it to fiat, and hold the funds for investment purposes in your wallet. The business uses dedicated wallet designs for Bitcoin and over 14 other popular cryptocurrencies.
Is YouHodler legitimate? Youhodler Interest Rates Litecoin
Perhaps the most noteworthy function at YouHodler is its ability to offer you loans. A financier could consider these financing opportunities as a means of hedging. Most importantly, it gives you access to a versatile 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 risk that accompanies financial investment options.
YouHodler is certainly a leading player in this space– not least since it provides a top-rate loan-to-value ratio of approximately 90%. Exceeding its competitors, YouHodler accepts 15 different digital coins as security.
Users can get both immediate money loans and crypto loans in USD, EURO, GBP, CHF, and even in Bitcoin( BTC) and Tether( USDT). The rates 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 options to select how you wish to back your loan. You can obtain a loan amount in fiat or Bitcoin– and you utilize multiple altcoins as security.
The initial application procedure works as follows:
Make a request using your crypto assets as security
Instantly get an agreed loan amount in fiat (USD, EURO, and Stablecoins, Bitcoin).
Once you pay back the loan, you will instantly get the security 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 rating checks or require time to think about whether you are eligible for a loan. On the contrary, if you have adequate collateral and a validated account, you are great to go.
How do you get paid on YouHodler?
Loan Terms and Amounts.
YouHodler has different packages for loans that feature predefined terms.
There are three choices for loan durations:.
Thirty days– 90% LTV.
60 days– 70% LTV.
180 days– 50% LTV.
Your rates of interest is not determined by the quantity of collateral that you set up. Rather, it depends on the type of plan you choose.
YouHodler provides the same rates of interest for all its users. As the neighborhood grows, the provider hopes that its rate of interest will likewise drop appropriately. 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 lots of ways to keep your funds safe..
Strong Insurance coverage. Crypto assets are insured for as much as $150 million.
Stablecoin Interest. YouHodler uses a few of the best interest rates for stablecoins.
Distinct Functions. You’ll discover cool products such as the Multi HODL and the Turbocharge, which you will not 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 Obtain. Depending upon the currencies you utilize as collateral, you can just receive loans in USD, EUR, GBP, and BTC..
Year founded: 2018.
Headquarters: Cyprus and Switzerland.
Licenses: European Union Financial Commission.
Currencies readily available to earn 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, REP, and 15 other popular coins with the list growing.
Type of service: Direct loaning.
Cryptocurrencies are volatile animals. To make a profit, you need to be proficient at trading them or just hold and hope your crypto gains in value. Due to the fact that of volatility, neither approach is especially simple to do.
What if you might just transfer your crypto someplace 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 loans out its crypto on deposits.
YouHodler is a cryptocurrency exchange that specializes in crypto financing and high-interest savings for Hodlers. YouHodler is based in Limassol, Limassol, Cyprus. Youhodler Interest Rates Litecoin
The business’s CEO is Ilya Volkov. YouHodler is a main Blockchain Association member of the Financial Commission. YouHodler is not readily available in the United States as well as in about a dozen other countries.