Looking for Youhodler Review Calculator…YouHodler is a Swiss-based company that functions as a crypto-backed loan provider. Among its main ideas is that you can still HODL, without having to wait on a spike to offer.
It permits users to obtain fiat funds quickly, based on the worth of their cryptocurrency possession holdings. Apart from that, one can convert crypto to crypto, crypto to fiat, and likewise engage with stablecoins.
The most helpful function would be the choice to withdraw fiat to a personal checking account or individual charge card. Users can likewise hold their cryptocurrency in a YouHodler savings account.
It would not be far-fetched to consider YouHodler as a bank for your cryptocurrency. It is fast and efficient, permitting users to transfer their crypto properties with ease.
The platform concentrates on providing a well-rounded experience for its users. You will discover everything that a crypto owner or a financier would potentially need. In other words, YouHodler offers a variety of services that lets you harness your digital properties.
YouHodler’s wallet is designed with simplicity and efficiency in mind. You can transfer your cryptocurrency, transform it to fiat, and hold the funds for investment purposes in your wallet. The business uses devoted wallet designs for Bitcoin and over 14 other popular cryptocurrencies.
Is YouHodler legitimate? Youhodler Review Calculator
Possibly the most noteworthy feature at YouHodler is its ability to offer you loans. An investor could think about these funding opportunities as a means of hedging. Crucially, it gives you access to a versatile path to go into 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 eliminates a big part of the risk that accompanies investment options.
YouHodler is unquestionably a leading player in this area– not least due to the fact that 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 receive both instantaneous 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 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 pick how you want to back your loan. You can get a loan amount in fiat or Bitcoin– and you use several altcoins as collateral.
The initial application procedure works as follows:
Make a request using your crypto properties as security
Instantly get an agreed loan quantity in fiat (USD, EURO, and Stablecoins, Bitcoin).
When you pay back the loan, you will immediately get the collateral back, regardless of whether its value has increased.
As you can see from the above, the procedure is as seamless as it could be. The business does not carry out any credit report checks or require time to consider whether you are eligible for a loan. On the contrary, if you have sufficient collateral and a verified account, you are good to go.
How do you get paid on YouHodler?
Loan Terms and Amounts.
YouHodler has different plans for loans that feature predefined terms.
There are 3 alternatives for loan durations:.
Thirty days– 90% LTV.
60 days– 70% LTV.
180 days– 50% LTV.
Your rate of interest is not identified by the amount of security that you put up. Instead, it depends upon the kind of plan you select.
YouHodler uses the very same interest rate for all its users. As the neighborhood grows, the company hopes that its interest rates will likewise drop accordingly. YouHodler likewise has an affiliate program to encourage its users to invite others to sign up with the platform to help accelerate this objective.
Pros of YouHodler:.
Strong Security. YouHodler put in place lots of methods to keep your funds safe..
Strong Insurance. Crypto assets are insured for approximately $150 million.
Stablecoin Interest. YouHodler uses 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 find anywhere else.
Versatile Terms. You can increase the duration 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 recent compared to its rivals.
Currencies to Borrow. Depending upon the currencies you use as security, you can only receive loans in USD, EUR, GBP, and BTC..
Year founded: 2018.
Head office: Cyprus and Switzerland.
Licenses: European Union Financial Commission.
Currencies available 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 financing.
Cryptocurrencies are unpredictable animals. To make a profit, you have to be good at trading them or just hold and hope your crypto gains in worth. Since of volatility, neither approach is particularly easy to do.
What if you could simply transfer 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 handle that also because 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 Review Calculator
The business’s CEO is Ilya Volkov. YouHodler is a main Blockchain Association member of the Financial Commission. YouHodler is not offered in the United States in addition to in about a dozen other countries.