Looking for Blockfi Visa Card…YouHodler is a Swiss-based company that functions as a crypto-backed loan service provider. Among its main concepts is that you can still HODL, without having to wait on a spike to sell. It enables users to borrow fiat funds instantly, based on the worth 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 feature would be the option to withdraw fiat to a personal savings account or individual credit card. Users can likewise hold their cryptocurrency in a YouHodler savings account. It would not be improbable to consider YouHodler as a bank for your cryptocurrency. It is efficient and fast, permitting users to transfer their crypto properties with ease. The platform focuses on delivering a well-rounded experience for its users. You will discover everything that a crypto owner or an investor would potentially require. Simply put, YouHodler offers a variety of services that lets you harness your digital possessions. YouHodler Wallet YouHodler’s wallet is created with simplicity and performance in mind. You can move your cryptocurrency, convert it to fiat, and hold the funds for investment purposes in your wallet. The business provides dedicated wallet designs for Bitcoin and over 14 other popular cryptocurrencies.
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Maybe the most noteworthy feature at YouHodler is its capability to provide you loans. An investor might think about these funding opportunities as a means of hedging. Most importantly, it offers you access to a flexible path to go into the cryptocurrency trading markets. With a crypto-backed line of credit, you can get fiat when you require it without touching your crypto portfolio at all. It eliminates a huge part of the threat that accompanies investment options. YouHodler is certainly a leading player in this space– not least because it uses a top-rate loan-to-value ratio of approximately 90%. Outmatching its rivals, YouHodler accepts 15 various digital coins as security. Users can get both immediate 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 fairly 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 place. YouHodler provides you a few options to choose how you want to back your loan. You can apply for a loan amount in fiat or Bitcoin– and you use numerous altcoins as collateral. The initial application process works as follows: Make a demand using your crypto properties as collateral Instantly receive an agreed loan amount in fiat (USD, EURO, and Stablecoins, Bitcoin). When you repay the loan, you will right away get the security back, regardless of whether its value has increased. As you can see from the above, the procedure is as seamless as it could be. The company does not carry out any credit rating checks or take some time to consider whether you are eligible for a loan. On the contrary, if you have enough security and a confirmed account, you are excellent to go.
How do you get paid on YouHodler?
Loan Terms and Quantities. YouHodler has various plans for loans that come with predefined terms. There are three options for loan durations:. 30 days– 90% LTV. 60 days– 70% LTV. 180 days– 50% LTV. Your rates of interest is not figured out by the quantity of collateral that you set up. Instead, it depends upon the type of plan you pick. YouHodler provides the exact same rates of interest for all its users. As the community grows, the company hopes that its rates of interest will also drop accordingly. YouHodler also has an affiliate program to motivate its users to welcome others to join the platform to help accelerate this objective. Pros of YouHodler:. Strong Security. YouHodler put in place numerous methods to keep your funds safe.. Strong Insurance. Crypto assets are insured for up to $150 million. Stablecoin Interest. YouHodler provides a few of the best rate of interest for stablecoins. Unique Features. You’ll find cool products such as the Multi HODL and the Turbocharge, which you won’t find anywhere else. Versatile Terms. You can increase the duration of your loans at any time. High LTV. The leading 20 coins can be used as security 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 rivals. Currencies to Obtain. Depending upon the currencies you use as collateral, you can just receive 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, ASSOCIATE, and 15 other popular coins with the list growing. Kind of service: Direct loaning. Cryptocurrencies are volatile creatures. To make a profit, you have to be proficient at trading them or simply hold and hope your crypto gains in worth. Neither technique is particularly easy to do because of volatility. What if you might simply deposit your crypto somewhere and make interest on it. It pays high interest on savings. If you’re in the market for a crypto-backed loan, Youhodler can deal with that also because it lends out its crypto on deposits. YouHodler is a cryptocurrency exchange that focuses on crypto lending and high-interest cost savings for Hodlers. YouHodler is based in Limassol, Limassol, Cyprus. Blockfi Visa Card The business’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 countries.