Looking for Youhodler Trust Account…YouHodler is a Swiss-based business that acts as a crypto-backed loan service provider. One of its main concepts is that you can still HODL, without having to await a spike to offer.
It enables users to obtain fiat funds instantly, based upon the value of their cryptocurrency property holdings. Apart from that, one can transform crypto to crypto, crypto to fiat, and also engage with stablecoins.
The most advantageous feature would be the choice to withdraw fiat to a personal checking account or individual charge card. Users can also hold their cryptocurrency in a YouHodler savings account.
It wouldn’t be improbable to consider YouHodler as a bank for your cryptocurrency. It is quick and efficient, enabling users to move their crypto possessions with ease.
The platform focuses on providing a well-rounded experience for its users. You will discover everything that a crypto owner or a financier would possibly require. To put it simply, YouHodler provides a range of services that lets you harness your digital assets.
YouHodler’s wallet is created with simpleness and effectiveness in mind. You can move your cryptocurrency, convert it to fiat, and hold the funds for financial investment purposes in your wallet. The business uses dedicated wallet designs for Bitcoin and over 14 other popular cryptocurrencies.
Is YouHodler legitimate? Youhodler Trust Account
Maybe the most significant feature at YouHodler is its ability to offer you loans. A financier could consider these financing opportunities as a means of hedging. Crucially, it offers 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 gets rid of a huge part of the danger that accompanies investment choices.
YouHodler is certainly a leading gamer in this area– not least since it offers a top-rate loan-to-value ratio of up to 90%. Outpacing its rivals, YouHodler accepts 15 different digital coins as security.
Users can get both instant 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 process that YouHodler has in place.
YouHodler offers you a couple of options to pick how you want to back your loan. You can get a loan amount in fiat or Bitcoin– and you use multiple altcoins as collateral.
The preliminary application process works as follows:
Make a demand using your crypto assets as security
Quickly get an agreed loan amount in fiat (USD, EURO, and Stablecoins, Bitcoin).
When you repay the loan, you will instantly get the security back, despite whether its value 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 score checks or require time to think about whether you are eligible for a loan. On the contrary, if you have sufficient security and a verified account, you are excellent to go.
How do you get paid on YouHodler?
Loan Terms and Quantities.
YouHodler has different packages for loans that come with predefined terms.
There are 3 alternatives for loan durations:.
1 month– 90% LTV.
60 days– 70% LTV.
180 days– 50% LTV.
Your interest rate is not identified by the amount of collateral that you set up. Instead, it depends on the type of plan you choose.
YouHodler uses the exact same interest rate for all its users. As the neighborhood grows, the company hopes that its interest rates will likewise drop appropriately. YouHodler likewise 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 lots of ways to keep your funds safe..
Strong Insurance coverage. Crypto properties are guaranteed for approximately $150 million.
Stablecoin Interest. YouHodler provides a few of the very best interest rates for stablecoins.
Distinct Features. You’ll find cool products 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 used 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 Borrow. Depending upon the currencies you use as collateral, you can only receive loans in USD, EUR, GBP, and BTC..
Year founded: 2018.
Headquarters: Cyprus and Switzerland.
Licenses: European Union Financial Commission.
Currencies offered to make 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, ASSOCIATE, and 15 other popular coins with the list growing.
Type of service: Direct financing.
Cryptocurrencies are unstable animals. To earn a profit, you need to be good at trading them or simply hold and hope your crypto gains in worth. Since of volatility, neither method is particularly easy to do.
What if you could just deposit your crypto somewhere and make interest on it. In this manner, if the cost boosts by a percentage or not at all, you can still earn a profit. That’s what YouHodler does. It pays high interest on savings. If you remain in the market for a crypto-backed loan, Youhodler can handle that likewise considering that it loans out its crypto on deposits. Let’s see how it works.
YouHodler is a cryptocurrency exchange that focuses on crypto lending and high-interest savings for Hodlers. YouHodler is based in Limassol, Limassol, Cyprus. Youhodler Trust Account
The company’s CEO is Ilya Volkov. YouHodler is an official Blockchain Association member of the Financial Commission. YouHodler is not readily available in the United States along with in about a dozen other countries.