Looking for Youhodler Vs Swissborg…YouHodler is a Swiss-based company that works as a crypto-backed loan company. One of its main ideas is that you can still HODL, without having to wait on a spike to sell.
It allows users to obtain fiat funds immediately, based on the worth of their cryptocurrency property holdings. Apart from that, one can transform crypto to crypto, crypto to fiat, and likewise engage with stablecoins.
The most beneficial 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 wouldn’t be improbable to think about YouHodler as a bank for your cryptocurrency. It is efficient and fast, permitting users to move their crypto possessions with ease.
The platform focuses on delivering a well-rounded experience for its users. You will find whatever that a crypto owner or a financier would possibly need. In other words, YouHodler provides a variety of services that lets you harness your digital properties.
YouHodler’s wallet is developed with simpleness and performance in mind. You can transfer your cryptocurrency, transform it to fiat, and hold the funds for investment functions in your wallet. The company offers devoted wallet styles for Bitcoin and over 14 other popular cryptocurrencies.
Is YouHodler legitimate? Youhodler Vs Swissborg
Possibly the most notable function at YouHodler is its ability to offer you loans. An investor might think about these financing chances as a means of hedging. Crucially, it provides you access to a flexible course 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 big part of the risk that accompanies financial investment choices.
YouHodler is unquestionably a leading gamer in this area– not least since it provides a top-rate loan-to-value ratio of up to 90%. Outmatching its rivals, YouHodler accepts 15 various digital coins as security.
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 fairly reasonably at 12% APR. If you are taking out a short-term loan, you might get your interest rate as low as 2.5%.
Now let’s break down the loan procedure that YouHodler has in location.
YouHodler provides you a couple of choices to select how you wish to back your loan. You can obtain a loan amount in fiat or Bitcoin– and you utilize multiple altcoins as collateral.
The initial application process works as follows:
Make a request using your crypto possessions as collateral
Quickly get an agreed loan amount in fiat (USD, EURO, and Stablecoins, Bitcoin).
Once you repay the loan, you will immediately get the collateral back, despite 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 carry out any credit report checks or take time to consider whether you are qualified for a loan. On the contrary, if you have enough collateral and a confirmed account, you are good 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 3 alternatives for loan periods:.
Thirty days– 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 upon the kind of strategy you pick.
YouHodler offers the very same rate of interest for all its users. As the neighborhood grows, the company hopes that its rate of interest will also drop appropriately. YouHodler likewise 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 methods to keep your funds safe..
Strong Insurance. Crypto possessions are insured for as much as $150 million.
Stablecoin Interest. YouHodler provides some of the very best rate of interest for stablecoins.
Unique Features. 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 leading 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 current compared to its rivals.
Currencies to Borrow. Depending on the currencies you utilize as security, you can only receive loans in USD, EUR, GBP, and BTC..
Year established: 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 readily available for borrowing: BTC, BCH, BNB, ETH, LTC, XLM, XRP, DASH, HT, REPRESENTATIVE, and 15 other popular coins with the list growing.
Type of service: Direct lending.
Cryptocurrencies are unstable animals. To earn a profit, you need to be good at trading them or just hold and hope your crypto gains in worth. Neither technique is especially easy to do because of volatility.
What if you might simply deposit your crypto someplace and earn interest on it. It pays high interest on savings. If you’re in the market for a crypto-backed loan, Youhodler can manage that likewise because it lends out its crypto on deposits.
YouHodler is a cryptocurrency exchange that focuses on crypto financing and high-interest savings for Hodlers. YouHodler is based in Limassol, Limassol, Cyprus. Youhodler Vs Swissborg
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 dozen other nations.