Blockfest – Limited time offer

Looking for Blockfest…YouHodler is a Swiss-based business that functions as a crypto-backed loan provider. Among its main ideas is that you can still HODL, without having to wait for a spike to sell.

It allows users to borrow fiat funds quickly, based on the worth of their cryptocurrency possession holdings. Apart from that, one can convert crypto to crypto, crypto to fiat, and likewise engage with stablecoins.

The most beneficial feature would be the alternative to withdraw fiat to a personal bank account or personal credit 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 quick and effective, enabling users to move their crypto possessions with ease.

The platform concentrates on delivering a well-rounded experience for its users. You will discover everything that a crypto owner or a financier would possibly require. Simply put, YouHodler provides a variety of services that lets you harness your digital properties.

YouHodler Wallet

YouHodler’s wallet is created with simpleness and effectiveness in mind. You can move your cryptocurrency, convert it to fiat, and hold the funds for investment purposes in your wallet. The business uses devoted wallet styles for Bitcoin and over 14 other popular cryptocurrencies.

Is YouHodler legitimate? Blockfest

Possibly the most noteworthy feature at YouHodler is its capability to offer you loans. An investor might think about these financing chances as a means of hedging. Most importantly, it gives you access to a flexible 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 gets rid of a big part of the threat that accompanies financial investment choices.

 

YouHodler is unquestionably a leading player in this space– not least since it provides a top-rate loan-to-value ratio of approximately 90%. Outpacing its rivals, YouHodler accepts 15 different digital coins as collateral.

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 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 procedure that YouHodler has in place.

 

YouHodler provides you a few alternatives to select how you want to back your loan. You can look for a loan amount in fiat or Bitcoin– and you utilize several altcoins as collateral.

The preliminary application procedure works as follows:

Make a request utilizing your crypto assets as security
Instantly receive an agreed loan amount in fiat (USD, EURO, and Stablecoins, Bitcoin).
Once you pay back 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 rating checks or require time to think about whether you are qualified for a loan. On the contrary, if you have sufficient security and a verified account, you are excellent to go.

 

How do you get paid on YouHodler?

  • Loan Terms and Amounts.

    YouHodler has different bundles for loans that include predefined terms.

    There are three alternatives for loan durations:.

    One month– 90% LTV.
    60 days– 70% LTV.
    180 days– 50% LTV.

    Your rates of interest is not determined by the quantity of security that you installed. Instead, it depends upon the type of plan you pick.

    YouHodler offers the exact same interest rate for all its users. As the community grows, the supplier hopes that its rate of interest will likewise drop accordingly. YouHodler likewise has an affiliate program to motivate its users to invite 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..
    Strong Insurance coverage. Crypto assets are insured for up to $150 million.
    Stablecoin Interest. YouHodler uses some of the very 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 collateral with 90% loan-to-value.

    Is CoinLoan safe?

     

    Cons of YouHodler:.
    Seniority. YouHodler was founded in 2018, which is quite recent compared to its competitors.
    Currencies to Obtain. Depending upon the currencies you utilize as security, you can just receive loans in USD, EUR, GBP, and BTC..
    Year established: 2018.
    Head office: 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 offered for loaning: 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 unstable creatures. To earn a profit, you have to be proficient at trading them or just hold and hope your crypto gains in value. Neither approach is particularly easy to do because of volatility.

    If you could just transfer your crypto somewhere and earn interest on it, what. This way, if the rate increases by a small amount or not at all, you can still earn a profit. That’s what YouHodler does. It pays high interest on savings. Youhodler can deal with that also given that it lends out its crypto on deposits if you’re in the market for a crypto-backed loan. Let’s see how it works.

    YouHodler is a cryptocurrency exchange that focuses on crypto financing and high-interest cost savings for Hodlers. YouHodler is based in Limassol, Limassol, Cyprus. Blockfest

    The company’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 lots other countries.