Looking for Bitcoin Secured Loan…YouHodler is a Swiss-based company that functions as a crypto-backed loan company. Among its main principles is that you can still HODL, without having to await a spike to sell.
It permits users to obtain fiat funds instantly, based upon the value of their cryptocurrency possession holdings. Apart from that, one can transform crypto to crypto, crypto to fiat, and also engage with stablecoins.
The most beneficial function would be the choice to withdraw fiat to a personal bank account or personal charge card. Users can also hold their cryptocurrency in a YouHodler savings account.
It would not be improbable to think about YouHodler as a bank for your cryptocurrency. It is fast and effective, enabling users to move 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 perhaps need. To put it simply, YouHodler offers a variety 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, convert it to fiat, and hold the funds for investment functions in your wallet. The business offers dedicated wallet designs for Bitcoin and over 14 other popular cryptocurrencies.
Is YouHodler legitimate? Bitcoin Secured Loan
Maybe the most significant function at YouHodler is its capability to offer you loans. A financier could think about these funding chances as a means of hedging. Crucially, it offers you access to a flexible path to get in 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 gets rid of a big part of the risk that accompanies investment choices.
YouHodler is unquestionably a leading player in this area– not least due to the fact that it uses a top-rate loan-to-value ratio of as much as 90%. Outpacing its competitors, YouHodler accepts 15 various digital coins as collateral.
Users can get both instantaneous cash 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 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 process that YouHodler has in location.
YouHodler offers you a few options to select how you want to back your loan. You can obtain a loan amount in fiat or Bitcoin– and you use several altcoins as collateral.
The initial application process works as follows:
Make a request using your crypto assets as collateral
Quickly receive an agreed loan quantity in fiat (USD, EURO, and Stablecoins, Bitcoin).
As soon as you repay the loan, you will instantly get the security back, regardless of whether its worth has increased.
As you can see from the above, the process is as smooth as it could be. The business does not perform any credit report 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 good to go.
How do you get paid on YouHodler?
Loan Terms and Quantities.
YouHodler has different bundles for loans that come with predefined terms.
There are three options for loan periods:.
30 days– 90% LTV.
60 days– 70% LTV.
180 days– 50% LTV.
Your interest rate is not determined by the amount of collateral that you installed. Instead, it depends on the kind of plan you choose.
YouHodler offers the same rate of interest for all its users. As the neighborhood grows, the company hopes that its rate of interest will likewise drop appropriately. YouHodler also has an affiliate program to motivate its users to welcome others to join the platform to assist accelerate this goal.
Pros of YouHodler:.
Strong Security. YouHodler put in place numerous methods to keep your funds safe..
Strong Insurance coverage. Crypto assets are guaranteed for up to $150 million.
Stablecoin Interest. YouHodler provides some of the best interest rates for stablecoins.
Special Features. You’ll discover cool items such as the Multi HODL and the Turbocharge, which you will not find anywhere else.
Versatile 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 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 readily available to make interest: Fiat (USD, EUR, CHF, GBP), crypto (BTC), and stablecoin loans (USDT, USDC, TUSD, PAX, PAXG).
Currencies available for borrowing: BTC, BCH, BNB, ETH, LTC, XLM, XRP, DASH, HT, REP, and 15 other popular coins with the list growing.
Kind of service: Direct financing.
Cryptocurrencies are unstable creatures. To earn a profit, you need to be proficient at trading them or simply hold and hope your crypto gains in worth. Since of volatility, neither approach is especially simple to do.
What if you might just transfer 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 considering that it loans out its crypto on deposits.
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 Secured Loan
The business’s CEO is Ilya Volkov. YouHodler is an official Blockchain Association member of the Financial Commission. YouHodler is not offered in the United States in addition to in about a dozen other nations.