Looking for Bitcoin Loan No Deposit…YouHodler is a Swiss-based company that functions as a crypto-backed loan service provider. One of its main ideas is that you can still HODL, without needing to wait on a spike to sell.
It allows users to obtain fiat funds quickly, based on the value of their cryptocurrency property holdings. Apart from that, one can convert crypto to crypto, crypto to fiat, and also engage with stablecoins.
The most useful function would be the choice to withdraw fiat to an individual savings 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 effective, permitting users to transfer their crypto possessions with ease.
The platform concentrates on providing a well-rounded experience for its users. You will discover whatever that a crypto owner or a financier would potentially require. To put it simply, YouHodler provides a range of services that lets you harness your digital assets.
YouHodler’s wallet is designed with simplicity 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 uses devoted wallet designs for Bitcoin and over 14 other popular cryptocurrencies.
Is YouHodler legitimate? Bitcoin Loan No Deposit
Maybe the most significant feature at YouHodler is its capability to offer you loans. An investor could think about these funding opportunities as a means of hedging. Most importantly, it offers you access to a flexible path to get in the cryptocurrency trading markets.
With a crypto-backed line of credit, you can get fiat when you need it without touching your crypto portfolio at all. It removes a big part of the threat that accompanies financial investment options.
YouHodler is undoubtedly 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%. Outpacing its rivals, YouHodler accepts 15 different digital coins as security.
Users can receive both instant cash 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 relatively reasonably at 12% APR. If you are taking out a short-term loan, you could get your rate of interest as low as 2.5%.
Now let’s break down the loan procedure that YouHodler has in location.
YouHodler gives you a few options to choose how you wish to back your loan. You can get a loan amount in fiat or Bitcoin– and you use numerous altcoins as security.
The preliminary application procedure works as follows:
Make a demand using your crypto possessions as security
Quickly get an agreed loan quantity in fiat (USD, EURO, and Stablecoins, Bitcoin).
Once you repay the loan, you will instantly get the security back, regardless of 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 carry out any credit score checks or require time to consider whether you are qualified for a loan. On the contrary, if you have adequate collateral and a verified account, you are great to go.
How do you get paid on YouHodler?
Loan Terms and Quantities.
YouHodler has different packages for loans that feature predefined terms.
There are three choices for loan durations:.
30 days– 90% LTV.
60 days– 70% LTV.
180 days– 50% LTV.
Your rates of interest is not figured out by the amount of security that you put up. Rather, it depends upon the kind of plan you select.
YouHodler provides the very same interest rate for all its users. As the neighborhood grows, the company hopes that its rate of interest 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 objective.
Pros of YouHodler:.
Strong Security. YouHodler put in place numerous ways to keep your funds safe..
Solid Insurance coverage. Crypto assets are insured for approximately $150 million.
Stablecoin Interest. YouHodler provides a few of the best interest rates for stablecoins.
Distinct Features. You’ll discover cool products such as the Multi HODL and the Turbocharge, which you won’t discover anywhere else.
Versatile Terms. You can increase the period of your loans at any time.
High LTV. The top 20 coins can be used as security with 90% loan-to-value.
Is CoinLoan safe?
Cons of YouHodler:.
Seniority. YouHodler was founded in 2018, which is quite current compared to its competitors.
Currencies to Obtain. Depending upon the currencies you utilize as security, you can just get loans in USD, EUR, GBP, and BTC..
Year founded: 2018.
Head office: 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 available for loaning: 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 make a profit, you need to be proficient at trading them or just hold and hope your crypto gains in value. Because of volatility, neither technique is particularly easy to do.
What if you could simply transfer your crypto someplace and earn interest on it. In this manner, if the rate boosts by a small amount or not at all, you can still make a profit. That’s what YouHodler does. It pays high interest on cost savings. If you’re in the market for a crypto-backed loan, Youhodler can manage 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 cost savings for Hodlers. YouHodler is based in Limassol, Limassol, Cyprus. Bitcoin Loan No Deposit
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.