Looking for Celcius Crypto Lending…YouHodler is a Swiss-based business that serves as a crypto-backed loan service provider. One of its main concepts is that you can still HODL, without having to wait for a spike to offer.
It permits users to obtain fiat funds instantly, based upon the value of their cryptocurrency asset holdings. Apart from that, one can transform crypto to crypto, crypto to fiat, and likewise 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 would not be far-fetched to think about YouHodler as a bank for your cryptocurrency. It is efficient and quick, allowing users to move their crypto possessions with ease.
The platform focuses on providing a well-rounded experience for its users. You will find everything that a crypto owner or an investor would perhaps need. To put it simply, YouHodler uses a range of services that lets you harness your digital assets.
YouHodler’s wallet is designed 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 uses devoted wallet designs for Bitcoin and over 14 other popular cryptocurrencies.
Is YouHodler legitimate? Celcius Crypto Lending
Maybe the most notable function at YouHodler is its capability to provide you loans. An investor could consider these funding chances as a means of hedging. Crucially, it gives you access to a flexible 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 gets rid of a big part of the threat that accompanies investment choices.
YouHodler is undoubtedly a leading player in this space– not least since it offers a top-rate loan-to-value ratio of as much as 90%. Outmatching its rivals, YouHodler accepts 15 different digital coins as security.
Users can receive 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 relatively 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 pick how you want to back your loan. You can make an application for a loan amount in fiat or Bitcoin– and you use several altcoins as security.
The initial application process works as follows:
Make a demand using your crypto properties as collateral
Quickly receive an agreed loan amount in fiat (USD, EURO, and Stablecoins, Bitcoin).
As soon as you repay the loan, you will immediately get the security back, despite whether its worth has increased.
As you can see from the above, the procedure is as seamless as it could be. The company does not perform any credit score checks or take time to think about whether you are eligible for a loan. On the contrary, if you have enough security and a validated account, you are great to go.
How do you get paid on YouHodler?
Loan Terms and Quantities.
YouHodler has various bundles for loans that come with predefined terms.
There are 3 options for loan periods:.
30 days– 90% LTV.
60 days– 70% LTV.
180 days– 50% LTV.
Your rates of interest is not identified by the amount of collateral that you put up. Instead, it depends on the kind of strategy you pick.
YouHodler uses the exact same interest rate for all its users. As the community grows, the service provider hopes that its interest rates will also drop appropriately. YouHodler also has an affiliate program to motivate its users to welcome others to join the platform to assist accelerate this objective.
Pros of YouHodler:.
Strong Security. YouHodler put in place numerous methods to keep your funds safe..
Strong Insurance coverage. Crypto properties are insured for up to $150 million.
Stablecoin Interest. YouHodler offers some of the very best rate of interest for stablecoins.
Distinct Features. You’ll find cool items such as the Multi HODL and the Turbocharge, which you will not find anywhere else.
Versatile 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.
Is CoinLoan safe?
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 security, you can only get loans in USD, EUR, GBP, and BTC..
Year established: 2018.
Headquarters: Cyprus and Switzerland.
Licenses: European Union Financial Commission.
Currencies available to make interest: Fiat (USD, EUR, CHF, GBP), crypto (BTC), and stablecoin loans (USDT, USDC, TUSD, PAX, PAXG).
Currencies available for borrowing: BTC, BCH, BNB, ETH, LTC, XLM, XRP, DASH, HT, ASSOCIATE, and 15 other popular coins with the list growing.
Type of service: Direct loaning.
Cryptocurrencies are volatile animals. To make a profit, you have to be good at trading them or just hold and hope your crypto gains in worth. Neither approach is particularly easy to do because of volatility.
What if you could just transfer your crypto somewhere and earn interest on it. By doing this, if the cost boosts 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. If you’re in the marketplace for a crypto-backed loan, Youhodler can manage that likewise because it loans out its crypto on deposits. Let’s see how it works.
YouHodler is a cryptocurrency exchange that specializes in crypto financing and high-interest savings for Hodlers. YouHodler is based in Limassol, Limassol, Cyprus. Celcius Crypto Lending
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 dozen other countries.