Looking for Blockfi Bitcoin Rewards…YouHodler is a Swiss-based company that works as a crypto-backed loan provider. Among its primary ideas is that you can still HODL, without having to wait for a spike to sell. It enables users to obtain fiat funds quickly, based upon the value of their cryptocurrency property holdings. Apart from that, one can convert crypto to crypto, crypto to fiat, and likewise engage with stablecoins. The most beneficial function would be the alternative 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 think about YouHodler as a bank for your cryptocurrency. It is fast and efficient, permitting users to move their crypto properties 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 potentially require. To put it simply, YouHodler provides a variety of services that lets you harness your digital assets. YouHodler Wallet YouHodler’s wallet is developed with simpleness and performance in mind. You can move your cryptocurrency, convert it to fiat, and hold the funds for financial investment functions in your wallet. The company uses dedicated wallet designs for Bitcoin and over 14 other popular cryptocurrencies.
Is YouHodler legitimate? Blockfi Bitcoin Rewards
Perhaps the most significant function at YouHodler is its capability to provide you loans. A financier could think about these funding opportunities 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 line of credit, 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 options. YouHodler is certainly a leading player in this area– not least because it offers a top-rate loan-to-value ratio of up to 90%. Surpassing its competitors, YouHodler accepts 15 various digital coins as security. Users can receive both instantaneous 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 interest rate as low as 2.5%. Now let’s break down the loan process that YouHodler has in place. YouHodler gives you a couple of choices to pick how you wish to back your loan. You can apply for a loan amount in fiat or Bitcoin– and you utilize numerous altcoins as security. The initial application process works as follows: Make a request using your crypto possessions as collateral Instantly receive an agreed loan amount in fiat (USD, EURO, and Stablecoins, Bitcoin). As soon as you repay the loan, you will right away get the collateral 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 perform any credit report checks or take some time to think about whether you are qualified 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 alternatives for loan periods:. 30 days– 90% LTV. 60 days– 70% LTV. 180 days– 50% LTV. Your rates of interest is not determined by the amount of collateral that you put up. Instead, it depends on the type of plan you pick. YouHodler uses the very same rate of interest for all its users. As the community grows, the provider hopes that its rates of interest will also drop accordingly. YouHodler also has an affiliate program to encourage its users to invite others to join the platform to assist accelerate this objective. Pros of YouHodler:. Strong Security. YouHodler put in place lots of ways to keep your funds safe.. Strong Insurance coverage. Crypto possessions are insured for as much as $150 million. Stablecoin Interest. YouHodler provides a few of the best interest rates for stablecoins. Special Features. You’ll find cool items such as the Multi HODL and the Turbocharge, which you won’t discover anywhere else. Versatile Terms. You can increase the duration of your loans at any time. High LTV. The top 20 coins can be used as collateral with 90% loan-to-value.
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Cons of YouHodler:. Seniority. YouHodler was founded in 2018, which is quite current compared to its rivals. Currencies to Borrow. Depending on the currencies you utilize as security, you can just receive loans in USD, EUR, GBP, and BTC.. Year established: 2018. Headquarters: 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, ASSOCIATE, and 15 other popular coins with the list growing. Kind of service: Direct financing. Cryptocurrencies are unpredictable 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 simply transfer 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 also because it lends out its crypto on deposits. YouHodler is a cryptocurrency exchange that specializes in crypto financing and high-interest savings for Hodlers. YouHodler is based in Limassol, Limassol, Cyprus. Blockfi Bitcoin Rewards The company’s CEO is Ilya Volkov. YouHodler is an official Blockchain Association member of the Financial Commission. YouHodler is not available in the United States as well as in about a dozen other countries.