Looking for Youhodler Medium…YouHodler is a Swiss-based business that acts as a crypto-backed loan provider. Among its main principles is that you can still HODL, without needing to await a spike to offer.
It enables users to borrow fiat funds instantly, based on the worth of their cryptocurrency asset 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 bank account or individual charge card. Users can likewise hold their cryptocurrency in a YouHodler savings account.
It would not be improbable to think about YouHodler as a bank for your cryptocurrency. It is fast and effective, allowing users to transfer their crypto possessions with ease.
The platform concentrates on providing a well-rounded experience for its users. You will find whatever that a crypto owner or a financier would possibly require. To put it simply, YouHodler offers a range of services that lets you harness your digital properties.
YouHodler’s wallet is developed with simplicity and performance in mind. You can move your cryptocurrency, transform it to fiat, and hold the funds for financial investment purposes in your wallet. The company offers devoted wallet styles for Bitcoin and over 14 other popular cryptocurrencies.
Is YouHodler legitimate? Youhodler Medium
Perhaps the most noteworthy function at YouHodler is its ability to offer you loans. A financier might consider these funding chances as a means of hedging. Most importantly, 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 big part of the risk that accompanies financial investment choices.
YouHodler is unquestionably a leading gamer in this area– not least due to the fact that it provides a top-rate loan-to-value ratio of approximately 90%. Exceeding its rivals, YouHodler accepts 15 different digital coins as security.
Users can receive both instantaneous 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 procedure that YouHodler has in location.
YouHodler provides you a few alternatives to choose how you wish to back your loan. You can get a loan quantity in fiat or Bitcoin– and you utilize multiple altcoins as collateral.
The preliminary application procedure works as follows:
Make a demand utilizing your crypto assets as security
Quickly get an agreed loan quantity in fiat (USD, EURO, and Stablecoins, Bitcoin).
When you repay the loan, you will right away get the collateral back, despite whether its value has increased.
As you can see from the above, the process is as smooth as it could be. The business does not carry out any credit history checks or require time to think about 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 Quantities.
YouHodler has different packages for loans that feature predefined terms.
There are three choices for loan periods:.
One month– 90% LTV.
60 days– 70% LTV.
180 days– 50% LTV.
Your rate of interest is not identified by the amount of collateral that you put up. Rather, it depends on the type of strategy you choose.
YouHodler uses the very same rates of interest for all its users. As the community grows, the service provider hopes that its interest rates will also drop accordingly. 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 lots of ways to keep your funds safe..
Solid Insurance. Crypto assets are guaranteed for up to $150 million.
Stablecoin Interest. YouHodler offers a few of the best interest rates for stablecoins.
Distinct Features. You’ll discover cool items such as the Multi HODL and the Turbocharge, which you will not find anywhere else.
Versatile Terms. You can increase the duration 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 quite recent compared to its competitors.
Currencies to Borrow. Depending on 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 offered to make interest: Fiat (USD, EUR, CHF, GBP), crypto (BTC), and stablecoin loans (USDT, USDC, TUSD, PAX, PAXG).
Currencies offered for borrowing: BTC, BCH, BNB, ETH, LTC, XLM, XRP, DASH, HT, REPRESENTATIVE, and 15 other popular coins with the list growing.
Kind of service: Direct loaning.
Cryptocurrencies are unstable animals. To make a profit, you need to be good at trading them or just hold and hope your crypto gains in value. Since of volatility, neither technique is particularly easy to do.
What if you could just transfer your crypto somewhere and make interest on it. In this manner, 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 cost savings. Youhodler can deal with that also considering that it loans out its crypto on deposits if you’re in the market for a crypto-backed loan. Let’s see how it works.
YouHodler is a cryptocurrency exchange that focuses on crypto loaning and high-interest savings for Hodlers. YouHodler is based in Limassol, Limassol, Cyprus. Youhodler Medium
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 along with in about a dozen other nations.