Looking for Blockfi Crunchbase…YouHodler is a Swiss-based company that functions as a crypto-backed loan service provider. Among its primary principles is that you can still HODL, without needing to await a spike to offer. It permits users to obtain fiat funds instantly, based upon the worth of their cryptocurrency asset holdings. Apart from that, one can convert crypto to crypto, crypto to fiat, and also engage with stablecoins. The most advantageous feature would be the option to withdraw fiat to an individual bank account or personal credit card. Users can also 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 fast and efficient, enabling users to transfer their crypto properties 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 need. Simply put, YouHodler provides a range of services that lets you harness your digital assets. YouHodler Wallet YouHodler’s wallet is developed with simplicity and performance in mind. You can transfer your cryptocurrency, transform it to fiat, and hold the funds for investment functions in your wallet. The company uses dedicated wallet styles for Bitcoin and over 14 other popular cryptocurrencies.
Is YouHodler legitimate? Blockfi Crunchbase
Perhaps the most significant function at YouHodler is its capability to provide you loans. A financier could consider these funding opportunities as a means of hedging. Crucially, it provides you access to a flexible path 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 removes a huge part of the risk that accompanies investment choices. YouHodler is undoubtedly a leading player in this space– not least because it uses a top-rate loan-to-value ratio of approximately 90%. Exceeding its competitors, YouHodler accepts 15 different digital coins as security. Users can get both instantaneous money 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 place. YouHodler provides you a few alternatives to select how you wish to back your loan. You can apply for a loan quantity in fiat or Bitcoin– and you use multiple altcoins as collateral. The preliminary application procedure works as follows: Make a demand using your crypto properties as collateral Immediately get an agreed loan quantity in fiat (USD, EURO, and Stablecoins, Bitcoin). When you pay back the loan, you will instantly get the collateral back, despite whether its worth has increased. As you can see from the above, the procedure is as seamless as it could be. The business does not perform any credit score checks or take time to think about whether you are qualified for a loan. On the contrary, if you have adequate security and a confirmed account, you are excellent to go.
How do you get paid on YouHodler?
Loan Terms and Amounts. YouHodler has different bundles for loans that feature predefined terms. There are three options for loan periods:. Thirty days– 90% LTV. 60 days– 70% LTV. 180 days– 50% LTV. Your interest rate is not identified by the amount of security that you set up. Rather, it depends upon the type of plan you pick. YouHodler offers the exact same rate of interest for all its users. As the neighborhood grows, the provider hopes that its rate of interest will also drop accordingly. YouHodler also 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 many methods to keep your funds safe.. Solid Insurance. Crypto assets are guaranteed for approximately $150 million. Stablecoin Interest. YouHodler uses some of the very best rates of interest for stablecoins. Distinct Features. You’ll find cool products such as the Multi HODL and the Turbocharge, which you won’t discover anywhere else. Flexible Terms. You can increase the duration 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 rather current compared to its competitors. Currencies to Obtain. Depending on the currencies you use as collateral, you can just get loans in USD, EUR, GBP, and BTC.. Year established: 2018. Headquarters: Cyprus and Switzerland. Licenses: European Union Financial Commission. Currencies offered to earn 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, REPRESENTATIVE, and 15 other popular coins with the list growing. Type of service: Direct financing. Cryptocurrencies are volatile creatures. To earn a profit, you have to be proficient at trading them or simply 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 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 likewise given that it lends out its crypto on deposits. YouHodler is a cryptocurrency exchange that specializes in crypto loaning and high-interest savings for Hodlers. YouHodler is based in Limassol, Limassol, Cyprus. Blockfi Crunchbase 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 along with in about a lots other nations.