Looking for Bitcoin Loan Forum…YouHodler is a Swiss-based company that works as a crypto-backed loan service provider. One of its primary ideas is that you can still HODL, without needing to wait on a spike to sell.
It enables users to obtain fiat funds quickly, based on the worth of their cryptocurrency asset holdings. Apart from that, one can convert crypto to crypto, crypto to fiat, and also engage with stablecoins.
The most beneficial function would be the option to withdraw fiat to an individual checking account or individual charge card. Users can also hold their cryptocurrency in a YouHodler savings account.
It would not be improbable to consider YouHodler as a bank for your cryptocurrency. It is efficient and quick, allowing users to transfer their crypto assets with ease.
The platform focuses on delivering a well-rounded experience for its users. You will discover everything that a crypto owner or a financier would perhaps require. Simply put, YouHodler provides a range of services that lets you harness your digital properties.
YouHodler’s wallet is designed with simpleness and efficiency in mind. You can move your cryptocurrency, convert it to fiat, and hold the funds for financial investment functions in your wallet. The business offers devoted wallet designs for Bitcoin and over 14 other popular cryptocurrencies.
Is YouHodler legitimate? Bitcoin Loan Forum
Perhaps the most significant function at YouHodler is its capability to offer you loans. An investor could consider these funding 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 need it without touching your crypto portfolio at all. It eliminates a huge part of the risk that accompanies financial investment choices.
YouHodler is certainly a leading player in this area– not least since it offers a top-rate loan-to-value ratio of up to 90%. Outpacing its competitors, 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 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 procedure that YouHodler has in place.
YouHodler gives you a few choices to select how you wish to back your loan. You can look for a loan amount in fiat or Bitcoin– and you use numerous altcoins as security.
The initial application process works as follows:
Make a demand utilizing your crypto properties as collateral
Instantly receive an agreed loan amount in fiat (USD, EURO, and Stablecoins, Bitcoin).
Once 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 process is as smooth as it could be. The company does not carry out any credit score checks or take time to consider whether you are eligible for a loan. On the contrary, if you have adequate collateral and a verified account, you are excellent to go.
How do you get paid on YouHodler?
Loan Terms and Amounts.
YouHodler has different packages for loans that include predefined terms.
There are 3 options for loan periods:.
30 days– 90% LTV.
60 days– 70% LTV.
180 days– 50% LTV.
Your interest rate is not identified by the quantity of security that you installed. Instead, it depends upon the type of plan you pick.
YouHodler provides the exact same rate of interest for all its users. As the neighborhood grows, the supplier hopes that its rate of interest will likewise drop appropriately. YouHodler likewise has an affiliate program to encourage its users to invite others to join the platform to help accelerate this objective.
Pros of YouHodler:.
Strong Security. YouHodler put in place many methods to keep your funds safe..
Solid Insurance coverage. Crypto possessions are guaranteed for approximately $150 million.
Stablecoin Interest. YouHodler offers a few of the very best interest rates for stablecoins.
Unique Features. You’ll discover cool products such as the Multi HODL and the Turbocharge, which you will not find anywhere else.
Versatile Terms. You can increase the period 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 current compared to its rivals.
Currencies to Borrow. Depending upon the currencies you use as collateral, 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 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, REP, and 15 other popular coins with the list growing.
Type of service: Direct lending.
Cryptocurrencies are unpredictable animals. To earn a profit, you have to be proficient at trading them or just hold and hope your crypto gains in value. Neither technique is especially easy to do because of volatility.
What if you could 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 deal with that also since it loans out its crypto on deposits.
YouHodler is a cryptocurrency exchange that concentrates on crypto financing and high-interest cost savings for Hodlers. YouHodler is based in Limassol, Limassol, Cyprus. Bitcoin Loan Forum
The business’s CEO is Ilya Volkov. YouHodler is a main Blockchain Association member of the Financial Commission. YouHodler is not readily available in the United States along with in about a lots other nations.