Looking for Youhodler Opinioni…YouHodler is a Swiss-based business that serves as a crypto-backed loan provider. One of its main ideas is that you can still HODL, without needing to await a spike to offer.
It enables users to borrow fiat funds quickly, based on the worth of their cryptocurrency asset holdings. Apart from that, one can transform crypto to crypto, crypto to fiat, and likewise engage with stablecoins.
The most helpful feature would be the option to withdraw fiat to a personal bank account or personal charge card. Users can also hold their cryptocurrency in a YouHodler savings account.
It wouldn’t be improbable to consider YouHodler as a bank for your cryptocurrency. It is fast and effective, allowing users to move their crypto properties with ease.
The platform focuses on providing a well-rounded experience for its users. You will find whatever that a crypto owner or a financier would possibly require. In other words, YouHodler offers a variety of services that lets you harness your digital assets.
YouHodler’s wallet is designed with simpleness and efficiency in mind. You can transfer your cryptocurrency, convert it to fiat, and hold the funds for financial investment purposes in your wallet. The business offers dedicated wallet designs for Bitcoin and over 14 other popular cryptocurrencies.
Is YouHodler legitimate? Youhodler Opinioni
Possibly the most significant function at YouHodler is its ability to use you loans. A financier might think about these funding opportunities as a means of hedging. Most importantly, it provides you access to a flexible path to get in 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 eliminates a big part of the risk that accompanies investment choices.
YouHodler is unquestionably a leading player in this area– not least since it provides a top-rate loan-to-value ratio of as much as 90%. Outpacing its competitors, YouHodler accepts 15 different digital coins as collateral.
Users can receive both instant 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 fairly 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 place.
YouHodler offers you a few options to pick how you want to back your loan. You can request a loan quantity in fiat or Bitcoin– and you utilize numerous altcoins as security.
The initial application procedure works as follows:
Make a demand using your crypto properties as collateral
Quickly get an agreed loan quantity in fiat (USD, EURO, and Stablecoins, Bitcoin).
When you repay the loan, you will instantly get the collateral back, regardless of whether its worth has actually increased.
As you can see from the above, the process is as seamless as it could be. The company does not carry out any credit report checks or take time to think about whether you are eligible for a loan. On the contrary, if you have adequate security and a validated 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 choices for loan durations:.
One month– 90% LTV.
60 days– 70% LTV.
180 days– 50% LTV.
Your rates of interest is not determined by the quantity of collateral that you put up. Instead, it depends on the kind of strategy you choose.
YouHodler uses the same rate of interest for all its users. As the community grows, the company hopes that its rates of interest will also drop appropriately. YouHodler likewise has an affiliate program to encourage its users to invite others to join the platform to help 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 insured for as much as $150 million.
Stablecoin Interest. YouHodler provides a few of the very best interest rates for stablecoins.
Unique Functions. You’ll find cool items such as the Multi HODL and the Turbocharge, which you won’t discover anywhere else.
Versatile 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 quite current compared to its competitors.
Currencies to Borrow. Depending on the currencies you use as collateral, you can just get loans in USD, EUR, GBP, and BTC..
Year founded: 2018.
Head office: Cyprus and Switzerland.
Licenses: European Union Financial Commission.
Currencies offered to earn 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, REP, and 15 other popular coins with the list growing.
Kind of service: Direct lending.
Cryptocurrencies are unstable animals. To earn a profit, you need to be proficient at trading them or just hold and hope your crypto gains in worth. Neither approach is particularly easy to do because of volatility.
What if you could just transfer your crypto somewhere and earn interest on it. It pays high interest on savings. If you’re in the market for a crypto-backed loan, Youhodler can handle that also considering 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 Opinioni
The company’s CEO is Ilya Volkov. YouHodler is an official Blockchain Association member of the Financial Commission. YouHodler is not offered in the United States along with in about a lots other nations.