Looking for Youhodler Test…YouHodler is a Swiss-based company that serves as a crypto-backed loan company. One of its primary ideas is that you can still HODL, without having to wait on a spike to sell.
It allows users to borrow fiat funds instantly, based on the worth of their cryptocurrency property 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 savings account or individual credit card. Users can likewise 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, allowing users to transfer 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 an investor would potentially require. In other words, YouHodler offers a range of services that lets you harness your digital assets.
YouHodler’s wallet is developed with simplicity and efficiency in mind. You can move your cryptocurrency, convert it to fiat, and hold the funds for investment functions in your wallet. The company uses devoted wallet styles for Bitcoin and over 14 other popular cryptocurrencies.
Is YouHodler legitimate? Youhodler Test
Possibly the most significant function at YouHodler is its ability to provide you loans. An investor could think about these financing chances as a means of hedging. Most importantly, it gives you access to a versatile 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 eliminates a big part of the risk that accompanies financial investment choices.
YouHodler is certainly a leading player in this area– not least due to the fact that it uses a top-rate loan-to-value ratio of approximately 90%. Exceeding its competitors, YouHodler accepts 15 various digital coins as collateral.
Users can get both instantaneous cash 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 fairly 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 procedure that YouHodler has in location.
YouHodler provides you a few alternatives to pick how you want to back your loan. You can request a loan amount in fiat or Bitcoin– and you utilize several altcoins as security.
The initial application procedure works as follows:
Make a request using your crypto possessions as security
Quickly get an agreed loan amount in fiat (USD, EURO, and Stablecoins, Bitcoin).
As soon as you repay the loan, you will immediately get the security back, despite whether its worth 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 rating checks or take some time to consider whether you are eligible for a loan. On the contrary, if you have adequate security and a confirmed account, you are great to go.
How do you get paid on YouHodler?
Loan Terms and Amounts.
YouHodler has various bundles for loans that feature predefined terms.
There are three choices for loan periods:.
30 days– 90% LTV.
60 days– 70% LTV.
180 days– 50% LTV.
Your rates of interest is not figured out by the quantity of collateral that you installed. Instead, it depends upon the type of plan you pick.
YouHodler offers the exact same interest rate for all its users. As the community grows, the provider hopes that its rates of interest will likewise drop appropriately. YouHodler also has an affiliate program to encourage its users to invite others to join the platform to assist accelerate this objective.
Pros of YouHodler:.
Strong Security. YouHodler put in place many methods to keep your funds safe..
Strong Insurance. Crypto assets are guaranteed for as much as $150 million.
Stablecoin Interest. YouHodler provides a few of the best interest rates for stablecoins.
Special 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 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 rivals.
Currencies to Obtain. Depending on the currencies you use as security, you can only get loans in USD, EUR, GBP, and BTC..
Year founded: 2018.
Headquarters: 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 loaning: BTC, BCH, BNB, ETH, LTC, XLM, XRP, DASH, HT, REP, and 15 other popular coins with the list growing.
Kind of service: Direct loaning.
Cryptocurrencies are volatile creatures. To make a profit, you need to be good at trading them or simply hold and hope your crypto gains in worth. Because of volatility, neither approach is especially simple to do.
What if you might just deposit your crypto someplace 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 focuses on crypto loaning and high-interest cost savings for Hodlers. YouHodler is based in Limassol, Limassol, Cyprus. Youhodler Test
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 along with in about a lots other countries.