Looking for Celsius Crypto Interest Rates…YouHodler is a Swiss-based company that works as a crypto-backed loan provider. One of its main concepts is that you can still HODL, without needing to wait for a spike to sell.
It allows users to borrow fiat funds quickly, based on the value of their cryptocurrency asset holdings. Apart from that, one can transform crypto to crypto, crypto to fiat, and also engage with stablecoins.
The most beneficial feature would be the option to withdraw fiat to an individual savings account or personal charge 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 quick and efficient, enabling users to transfer their crypto assets with ease.
The platform focuses on providing a well-rounded experience for its users. You will find whatever that a crypto owner or an investor would potentially require. To put it simply, YouHodler offers a variety of services that lets you harness your digital assets.
YouHodler’s wallet is created with simplicity and effectiveness in mind. You can transfer your cryptocurrency, transform it to fiat, and hold the funds for financial investment functions in your wallet. The company provides dedicated wallet designs for Bitcoin and over 14 other popular cryptocurrencies.
Is YouHodler legitimate? Celsius Crypto Interest Rates
Possibly the most notable feature at YouHodler is its capability to offer you loans. An investor might think about these financing opportunities as a means of hedging. Most importantly, it gives 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 huge part of the danger that accompanies investment options.
YouHodler is undoubtedly a leading player in this area– not least due to the fact that it provides a top-rate loan-to-value ratio of up to 90%. Exceeding its competitors, YouHodler accepts 15 different 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 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 procedure that YouHodler has in place.
YouHodler provides you a few alternatives to choose how you want to back your loan. You can apply for a loan quantity in fiat or Bitcoin– and you utilize numerous altcoins as collateral.
The initial application procedure works as follows:
Make a demand using your crypto assets as security
Instantly get an agreed loan amount in fiat (USD, EURO, and Stablecoins, Bitcoin).
Once you repay the loan, you will instantly get the security back, regardless of whether its value has actually increased.
As you can see from the above, the procedure is as smooth as it could be. The business does not carry out any credit score checks or require time to consider whether you are eligible for a loan. On the contrary, if you have adequate security and a validated account, you are good to go.
How do you get paid on YouHodler?
Loan Terms and Quantities.
YouHodler has different plans for loans that feature predefined terms.
There are three choices for loan durations:.
1 month– 90% LTV.
60 days– 70% LTV.
180 days– 50% LTV.
Your rates of interest is not figured out by the amount of collateral that you installed. Rather, it depends upon the kind of strategy you pick.
YouHodler offers the exact same interest rate for all its users. As the community grows, the provider hopes that its rates of interest will also drop accordingly. YouHodler likewise has an affiliate program to encourage its users to welcome others to sign up with the platform to help accelerate this goal.
Pros of YouHodler:.
Strong Security. YouHodler put in place lots of methods to keep your funds safe..
Strong Insurance coverage. Crypto assets are guaranteed for approximately $150 million.
Stablecoin Interest. YouHodler offers a few of the best rates of interest for stablecoins.
Unique Features. You’ll find cool items such as the Multi HODL and the Turbocharge, which you will not find anywhere else.
Flexible 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 only receive loans in USD, EUR, GBP, and BTC..
Year founded: 2018.
Headquarters: Cyprus and Switzerland.
Licenses: European Union Financial Commission.
Currencies readily 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 loaning.
Cryptocurrencies are unstable creatures. To make a profit, you have to be proficient at trading them or just hold and hope your crypto gains in worth. Neither technique is especially easy to do because of volatility.
What if you could simply transfer your crypto someplace and make interest on it. By doing this, if the rate boosts by a percentage 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 loans 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 specializes in crypto financing and high-interest cost savings for Hodlers. YouHodler is based in Limassol, Limassol, Cyprus. Celsius Crypto Interest Rates
The business’s CEO is Ilya Volkov. YouHodler is a main Blockchain Association member of the Financial Commission. YouHodler is not available in the United States in addition to in about a lots other nations.