Looking for Youhodler Online Login…YouHodler is a Swiss-based company that works as a crypto-backed loan company. Among its primary principles is that you can still HODL, without having to wait on a spike to sell.
It enables users to borrow fiat funds immediately, based upon the worth of their cryptocurrency possession holdings. Apart from that, one can transform crypto to crypto, crypto to fiat, and also engage with stablecoins.
The most helpful function would be the option to withdraw fiat to a personal checking account or personal credit card. Users can also hold their cryptocurrency in a YouHodler savings account.
It would not be far-fetched to think about YouHodler as a bank for your cryptocurrency. It is quick and efficient, enabling users to transfer their crypto properties with ease.
The platform concentrates on providing a well-rounded experience for its users. You will find whatever that a crypto owner or an investor would possibly need. 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, convert it to fiat, and hold the funds for investment purposes in your wallet. The company uses devoted wallet styles for Bitcoin and over 14 other popular cryptocurrencies.
Is YouHodler legitimate? Youhodler Online Login
Possibly the most noteworthy feature at YouHodler is its capability to provide you loans. An investor could consider these funding opportunities as a means of hedging. Crucially, it provides you access to a versatile path to enter 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 gets rid of a huge part of the risk that accompanies financial investment options.
YouHodler is unquestionably a leading gamer in this space– not least since it provides a top-rate loan-to-value ratio of approximately 90%. Surpassing its competitors, YouHodler accepts 15 various digital coins as security.
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 might get your interest rate as low as 2.5%.
Now let’s break down the loan process that YouHodler has in location.
YouHodler offers you a couple of choices to choose how you want to back your loan. You can look for a loan quantity in fiat or Bitcoin– and you utilize multiple altcoins as security.
The preliminary application process works as follows:
Make a demand utilizing your crypto properties as security
Quickly receive an agreed loan amount in fiat (USD, EURO, and Stablecoins, Bitcoin).
Once you repay the loan, you will right away get the security back, despite whether its worth has increased.
As you can see from the above, the process is as smooth as it could be. The business does not perform any credit report checks or take some time to consider whether you are eligible for a loan. On the contrary, if you have sufficient security and a verified account, you are excellent to go.
How do you get paid on YouHodler?
Loan Terms and Quantities.
YouHodler has different plans for loans that come with predefined terms.
There are 3 options for loan periods:.
30 days– 90% LTV.
60 days– 70% LTV.
180 days– 50% LTV.
Your rate of interest is not determined by the amount of security that you set up. Instead, it depends on the kind of plan you choose.
YouHodler provides the exact same interest rate for all its users. As the neighborhood grows, the company hopes that its rate of interest will also drop accordingly. YouHodler likewise has an affiliate program to motivate its users to invite 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 coverage. Crypto properties are insured for up to $150 million.
Stablecoin Interest. YouHodler offers a few of the best rates 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 utilized as collateral with 90% loan-to-value.
Is CoinLoan safe?
Cons of YouHodler:.
Seniority. YouHodler was founded in 2018, which is rather recent compared to its rivals.
Currencies to Obtain. Depending on the currencies you utilize as security, you can just receive loans in USD, EUR, GBP, and BTC..
Year founded: 2018.
Head office: 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, REPRESENTATIVE, and 15 other popular coins with the list growing.
Type of service: Direct lending.
Cryptocurrencies are unpredictable animals. To make a profit, you need to be proficient at trading them or simply hold and hope your crypto gains in value. Because of volatility, neither method is particularly easy to do.
What if you might simply deposit your crypto someplace and make 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 likewise given that it loans out its crypto on deposits.
YouHodler is a cryptocurrency exchange that concentrates on crypto lending and high-interest cost savings for Hodlers. YouHodler is based in Limassol, Limassol, Cyprus. Youhodler Online Login
The business’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 countries.