Looking for Youhodler Zendesk…YouHodler is a Swiss-based business that serves as a crypto-backed loan company. Among its primary principles is that you can still HODL, without having to wait on a spike to sell.
It allows users to obtain fiat funds instantly, based upon the value of their cryptocurrency asset holdings. Apart from that, one can transform crypto to crypto, crypto to fiat, and likewise engage with stablecoins.
The most useful feature would be the choice to withdraw fiat to a personal checking account or individual credit card. Users can likewise hold their cryptocurrency in a YouHodler savings account.
It wouldn’t be far-fetched to consider 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 discover everything that a crypto owner or a financier would potentially need. Simply put, YouHodler provides a range of services that lets you harness your digital assets.
YouHodler’s wallet is designed with simpleness and performance in mind. You can move your cryptocurrency, transform it to fiat, and hold the funds for investment purposes in your wallet. The business provides devoted wallet styles for Bitcoin and over 14 other popular cryptocurrencies.
Is YouHodler legitimate? Youhodler Zendesk
Maybe the most notable function at YouHodler is its capability to use you loans. An investor could think about these financing chances as a means of hedging. Crucially, it provides you access to a versatile path to enter 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 eliminates a big part of the risk that accompanies investment choices.
YouHodler is undoubtedly a leading gamer in this area– not least because it provides a top-rate loan-to-value ratio of approximately 90%. Surpassing its rivals, YouHodler accepts 15 different digital coins as collateral.
Users can get both immediate money loans and crypto loans in USD, EURO, GBP, CHF, and even in Bitcoin( BTC) and Tether( USDT). The interest rates 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 place.
YouHodler offers you a couple of choices to select how you want to back your loan. You can make an application for a loan amount in fiat or Bitcoin– and you utilize numerous altcoins as collateral.
The preliminary application process works as follows:
Make a request using your crypto assets as security
Immediately get an agreed loan quantity in fiat (USD, EURO, and Stablecoins, Bitcoin).
As soon as you pay back the loan, you will immediately get the collateral back, despite whether its worth has actually increased.
As you can see from the above, the procedure is as seamless as it could be. The company 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 enough collateral and a confirmed account, you are great to go.
How do you get paid on YouHodler?
Loan Terms and Quantities.
YouHodler has different bundles for loans that feature predefined terms.
There are 3 alternatives for loan periods:.
1 month– 90% LTV.
60 days– 70% LTV.
180 days– 50% LTV.
Your interest rate is not figured out by the amount of collateral that you installed. Rather, it depends on the kind of strategy you choose.
YouHodler provides the very same interest rate for all its users. As the neighborhood grows, the provider hopes that its interest rates 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 lots of ways to keep your funds safe..
Solid Insurance. Crypto properties are insured for approximately $150 million.
Stablecoin Interest. YouHodler offers some of the very best rates of interest for stablecoins.
Unique Features. You’ll find cool products such as the Multi HODL and the Turbocharge, which you won’t discover anywhere else.
Flexible Terms. You can increase the duration 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 Borrow. Depending upon the currencies you utilize as collateral, you can just receive loans in USD, EUR, GBP, and BTC..
Year founded: 2018.
Headquarters: Cyprus and Switzerland.
Licenses: European Union Financial Commission.
Currencies available to earn interest: Fiat (USD, EUR, CHF, GBP), crypto (BTC), and stablecoin loans (USDT, USDC, TUSD, PAX, PAXG).
Currencies offered for borrowing: BTC, BCH, BNB, ETH, LTC, XLM, XRP, DASH, HT, ASSOCIATE, and 15 other popular coins with the list growing.
Kind of service: Direct financing.
Cryptocurrencies are unpredictable animals. To earn a profit, you have to be good at trading them or simply hold and hope your crypto gains in value. Neither technique is particularly easy to do because of volatility.
What if you might simply transfer your crypto someplace and earn interest on it. This way, if the rate increases by a small amount or not at all, you can still make a profit. That’s what YouHodler does. It pays high interest on savings. If you’re in the marketplace for a crypto-backed loan, Youhodler can handle that likewise given that it loans out its crypto on deposits. Let’s see how it works.
YouHodler is a cryptocurrency exchange that specializes in crypto loaning and high-interest savings for Hodlers. YouHodler is based in Limassol, Limassol, Cyprus. Youhodler Zendesk
The business’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.