Youhodler Review Online Today

Looking for Youhodler Review…YouHodler is a Swiss-based company that acts as a crypto-backed loan service provider. Among its main concepts is that you can still HODL, without needing to wait for a spike to sell.

It permits users to borrow fiat funds quickly, based upon the worth of their cryptocurrency asset holdings. Apart from that, one can convert crypto to crypto, crypto to fiat, and also engage with stablecoins.

The most advantageous feature would be the alternative to withdraw fiat to an individual savings account or individual credit card. Users can also hold their cryptocurrency in a YouHodler savings account.

It wouldn’t be improbable to think about YouHodler as a bank for your cryptocurrency. It is quick and efficient, enabling users to move their crypto assets with ease.

The platform focuses on delivering a well-rounded experience for its users. You will find everything that a crypto owner or an investor would perhaps need. Simply put, YouHodler offers a variety of services that lets you harness your digital properties.

YouHodler Wallet

YouHodler’s wallet is developed with simpleness and efficiency in mind. You can move your cryptocurrency, convert it to fiat, and hold the funds for financial investment functions in your wallet. The company offers dedicated wallet designs for Bitcoin and over 14 other popular cryptocurrencies.

Is YouHodler legitimate? Youhodler Review

Perhaps the most noteworthy function at YouHodler is its capability to provide you loans. A financier might consider these financing chances as a means of hedging. Most importantly, it gives you access to a versatile path 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 gets rid of a huge part of the danger that accompanies investment options.

 

YouHodler is certainly a leading player in this space– not least due to the fact that it offers a top-rate loan-to-value ratio of as much as 90%. Outmatching its competitors, YouHodler accepts 15 various digital coins as collateral.

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 rate of interest as low as 2.5%.

Now let’s break down the loan procedure that YouHodler has in place.

 

YouHodler offers you a couple of options to choose how you wish to back your loan. You can obtain a loan quantity in fiat or Bitcoin– and you use several altcoins as security.

The preliminary application process works as follows:

Make a demand using your crypto possessions as security
Instantly receive an agreed loan amount in fiat (USD, EURO, and Stablecoins, Bitcoin).
As soon as you pay back the loan, you will immediately get the security back, no matter whether its value 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 history checks or take time to think about whether you are eligible for a loan. On the contrary, if you have enough collateral and a verified account, you are excellent to go.

 

How do you get paid on YouHodler?

  • Loan Terms and Amounts.

    YouHodler has various plans for loans that feature predefined terms.

    There are 3 options for loan durations:.

    One month– 90% LTV.
    60 days– 70% LTV.
    180 days– 50% LTV.

    Your rates of interest is not figured out by the quantity of security that you put up. Rather, it depends on the type of plan you pick.

    YouHodler offers the exact same interest rate for all its users. As the neighborhood grows, the provider hopes that its rate of interest will also drop accordingly. YouHodler also has an affiliate program to encourage its users to welcome others to sign up with the platform to assist accelerate this objective.

     

    Pros of YouHodler:.
    Strong Security. YouHodler put in place numerous methods to keep your funds safe..
    Strong Insurance. Crypto properties are guaranteed for as much as $150 million.
    Stablecoin Interest. YouHodler offers a few of the best interest rates for stablecoins.
    Distinct Functions. You’ll find cool products 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 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 on the currencies you use as collateral, you can only get loans in USD, EUR, GBP, and BTC..
    Year founded: 2018.
    Headquarters: Cyprus and Switzerland.
    Licenses: European Union Financial Commission.
    Currencies readily available to make interest: Fiat (USD, EUR, CHF, GBP), crypto (BTC), and stablecoin loans (USDT, USDC, TUSD, PAX, PAXG).
    Currencies readily available for loaning: BTC, BCH, BNB, ETH, LTC, XLM, XRP, DASH, HT, ASSOCIATE, and 15 other popular coins with the list growing.
    Kind of service: Direct financing.

    Cryptocurrencies are unpredictable creatures. To make a profit, you have to be good at trading them or just hold and hope your crypto gains in worth. Because of volatility, neither technique is particularly simple to do.

    What if you could simply transfer your crypto somewhere and make interest on it. It pays high interest on savings. If you’re in the market for a crypto-backed loan, Youhodler can handle that likewise given that it loans out its crypto on deposits.

    YouHodler is a cryptocurrency exchange that focuses on crypto financing and high-interest cost savings for Hodlers. YouHodler is based in Limassol, Limassol, Cyprus. Youhodler Review

    The company’s CEO is Ilya Volkov. YouHodler is an official Blockchain Association member of the Financial Commission. YouHodler is not available in the United States as well as in about a dozen other nations.