Looking for Youhodler Safe Reddit…YouHodler is a Swiss-based business that acts as a crypto-backed loan provider. Among its primary principles is that you can still HODL, without having to wait on a spike to sell.
It allows users to borrow 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 alternative to withdraw fiat to a personal savings account or individual credit card. Users can also 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 effective, enabling users to transfer their crypto assets with ease.
The platform focuses on delivering a well-rounded experience for its users. You will discover whatever that a crypto owner or a financier would perhaps need. In other words, YouHodler provides a range of services that lets you harness your digital possessions.
YouHodler’s wallet is developed with simpleness and effectiveness in mind. You can transfer your cryptocurrency, transform it to fiat, and hold the funds for financial investment purposes in your wallet. The business offers devoted wallet styles for Bitcoin and over 14 other popular cryptocurrencies.
Is YouHodler legitimate? Youhodler Safe Reddit
Possibly the most significant feature at YouHodler is its capability to offer you loans. An investor could consider these financing chances as a means of hedging. Most importantly, it gives you access to a flexible course 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 removes a huge part of the threat that accompanies financial 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 up to 90%. Surpassing its rivals, YouHodler accepts 15 different digital coins as collateral.
Users can receive both immediate money 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 could get your rates of interest as low as 2.5%.
Now let’s break down the loan process that YouHodler has in place.
YouHodler provides you a couple of choices to select 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 process works as follows:
Make a request utilizing your crypto assets as collateral
Immediately receive an agreed loan amount in fiat (USD, EURO, and Stablecoins, Bitcoin).
As soon as you repay the loan, you will instantly get the security back, regardless of whether its value has increased.
As you can see from the above, the process is as seamless as it could be. The company does not perform any credit history checks or take time to consider whether you are eligible for a loan. On the contrary, if you have enough collateral and a validated account, you are excellent to go.
How do you get paid on YouHodler?
Loan Terms and Amounts.
YouHodler has different packages for loans that feature predefined terms.
There are three alternatives for loan periods:.
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 installed. Instead, it depends upon the kind of strategy you pick.
YouHodler offers the same interest rate for all its users. As the community grows, the service provider hopes that its rates of interest will also drop accordingly. YouHodler also 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 numerous ways to keep your funds safe..
Solid Insurance. Crypto assets are guaranteed for up to $150 million.
Stablecoin Interest. YouHodler uses a few of the very best rate of interest for stablecoins.
Distinct Functions. You’ll discover 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 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 competitors.
Currencies to Obtain. Depending upon the currencies you utilize as security, you can only get loans in USD, EUR, GBP, and BTC..
Year founded: 2018.
Head office: 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 available for borrowing: BTC, BCH, BNB, ETH, LTC, XLM, XRP, DASH, HT, ASSOCIATE, and 15 other popular coins with the list growing.
Type of service: Direct financing.
Cryptocurrencies are volatile creatures. To make a profit, you have to be good at trading them or simply hold and hope your crypto gains in value. Neither method is particularly easy to do because of volatility.
What if you might just deposit your crypto someplace and earn interest on it. By doing this, if the cost 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. If you remain in the marketplace for a crypto-backed loan, Youhodler can deal with that also because it loans out its crypto on deposits. Let’s see how it works.
YouHodler is a cryptocurrency exchange that specializes in crypto financing and high-interest savings for Hodlers. YouHodler is based in Limassol, Limassol, Cyprus. Youhodler Safe Reddit
The business’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 dozen other countries.