Looking for Bittboy Blockfi Referral Code…YouHodler is a Swiss-based company that serves as a crypto-backed loan service provider. Among its main ideas is that you can still HODL, without having to wait on a spike to sell. It allows users to borrow fiat funds quickly, based upon the value of their cryptocurrency possession 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 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 effective and fast, allowing users to move their crypto assets with ease. The platform focuses on delivering a well-rounded experience for its users. You will find everything that a crypto owner or an investor would potentially require. In other words, YouHodler uses a variety of services that lets you harness your digital possessions. YouHodler Wallet YouHodler’s wallet is developed with simplicity and effectiveness in mind. You can move your cryptocurrency, convert it to fiat, and hold the funds for investment functions in your wallet. The business uses dedicated wallet designs for Bitcoin and over 14 other popular cryptocurrencies.
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Perhaps the most noteworthy feature at YouHodler is its ability to provide you loans. A financier might consider these funding chances as a means of hedging. Most importantly, it gives you access to a versatile path to enter the cryptocurrency trading markets. With a crypto-backed credit line, you can get fiat when you require it without touching your crypto portfolio at all. It removes a huge part of the danger that accompanies investment choices. YouHodler is undoubtedly 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 security. Users can get 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 fairly reasonably at 12% APR. If you are taking out a short-term loan, you could get your rates of interest as low as 2.5%. Now let’s break down the loan process that YouHodler has in location. YouHodler gives you a few options to pick how you wish to back your loan. You can request a loan quantity in fiat or Bitcoin– and you use several altcoins as collateral. The preliminary application procedure works as follows: Make a demand utilizing your crypto assets as collateral Instantly receive an agreed loan quantity in fiat (USD, EURO, and Stablecoins, Bitcoin). Once you repay the loan, you will immediately get the security back, regardless of whether its worth 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 history checks or take time to consider whether you are eligible for a loan. On the contrary, if you have enough security and a verified account, you are excellent to go.
How do you get paid on YouHodler?
Loan Terms and Amounts. YouHodler has various plans for loans that include predefined terms. There are 3 options for loan durations:. Thirty days– 90% LTV. 60 days– 70% LTV. 180 days– 50% LTV. Your rates of interest is not identified by the quantity of collateral that you put up. Instead, it depends upon the type of plan you pick. YouHodler offers the same interest rate for all its users. As the community grows, the service provider hopes that its rates of interest will also drop appropriately. YouHodler also has an affiliate program to encourage its users to invite others to sign up with the platform to assist accelerate this objective. Pros of YouHodler:. Strong Security. YouHodler put in place lots of ways to keep your funds safe.. Solid Insurance. Crypto assets are guaranteed for up to $150 million. Stablecoin Interest. YouHodler uses some of the best rate of interest for stablecoins. Distinct Features. You’ll find cool products such as the Multi HODL and the Turbocharge, which you won’t find anywhere else. Flexible 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.
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Cons of YouHodler:. Seniority. YouHodler was founded in 2018, which is rather current compared to its competitors. Currencies to Borrow. Depending on the currencies you use as collateral, you can only receive loans in USD, EUR, GBP, and BTC.. Year established: 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 readily available 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 lending. Cryptocurrencies are unstable creatures. To make a profit, you have to be good 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 somewhere 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 manage that likewise since it loans out its crypto on deposits. YouHodler is a cryptocurrency exchange that focuses on crypto lending and high-interest savings for Hodlers. YouHodler is based in Limassol, Limassol, Cyprus. Bittboy Blockfi Referral Code The company’s CEO is Ilya Volkov. YouHodler is an official Blockchain Association member of the Financial Commission. YouHodler is not readily available in the United States as well as in about a dozen other nations.