Looking for Youhodler Send Crypto…YouHodler is a Swiss-based business that acts as a crypto-backed loan company. One of its primary principles is that you can still HODL, without needing to await 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 likewise engage with stablecoins.
The most helpful feature would be the choice to withdraw fiat to a personal checking account or personal credit card. Users can likewise hold their cryptocurrency in a YouHodler savings account.
It would not be improbable to think about YouHodler as a bank for your cryptocurrency. It is quick and effective, permitting users to move their crypto assets with ease.
The platform concentrates on providing a well-rounded experience for its users. You will find 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 properties.
YouHodler’s wallet is created with simplicity and performance in mind. You can transfer your cryptocurrency, convert it to fiat, and hold the funds for financial investment purposes in your wallet. The company offers dedicated wallet designs for Bitcoin and over 14 other popular cryptocurrencies.
Is YouHodler legitimate? Youhodler Send Crypto
Maybe the most noteworthy feature at YouHodler is its capability to offer you loans. A financier could think about these funding opportunities as a means of hedging. Crucially, it offers you access to a flexible course 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 threat that accompanies financial investment options.
YouHodler is undoubtedly a leading gamer in this area– not least because it offers a top-rate loan-to-value ratio of approximately 90%. Exceeding its rivals, YouHodler accepts 15 various digital coins as security.
Users can get both instantaneous cash 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 might get your rate of interest as low as 2.5%.
Now let’s break down the loan process that YouHodler has in place.
YouHodler gives you a few options to choose how you wish to back your loan. You can obtain a loan amount in fiat or Bitcoin– and you utilize numerous altcoins as security.
The initial application process works as follows:
Make a request using your crypto properties as collateral
Instantly get 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 procedure is as smooth as it could be. The company does not carry out any credit report checks or take time to consider whether you are eligible for a loan. On the contrary, if you have adequate collateral and a confirmed account, you are excellent to go.
How do you get paid on YouHodler?
Loan Terms and Amounts.
YouHodler has different packages for loans that come with predefined terms.
There are 3 choices for loan periods:.
1 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. Rather, it depends on the type of plan you choose.
YouHodler provides the same rates of interest for all its users. As the neighborhood grows, the company hopes that its interest rates will also drop appropriately. YouHodler also has an affiliate program to encourage its users to welcome others to join the platform to help accelerate this goal.
Pros of YouHodler:.
Strong Security. YouHodler put in place many methods to keep your funds safe..
Solid Insurance coverage. Crypto assets are guaranteed for up to $150 million.
Stablecoin Interest. YouHodler provides a few of the best interest rates for stablecoins.
Unique Features. You’ll find cool items such as the Multi HODL and the Turbocharge, which you will not discover 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 security 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 just get loans in USD, EUR, GBP, and BTC..
Year established: 2018.
Headquarters: Cyprus and Switzerland.
Licenses: European Union Financial Commission.
Currencies readily available to earn 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, REP, and 15 other popular coins with the list growing.
Type of service: Direct lending.
Cryptocurrencies are volatile creatures. To earn a profit, you have to be proficient at trading them or just hold and hope your crypto gains in worth. Due to the fact that of volatility, neither method is particularly easy to do.
What if you might simply deposit your crypto somewhere and earn 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 since it lends out its crypto on deposits.
YouHodler is a cryptocurrency exchange that concentrates on crypto loaning and high-interest savings for Hodlers. YouHodler is based in Limassol, Limassol, Cyprus. Youhodler Send Crypto
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 dozen other countries.