Looking for Cointracker Youhodler…YouHodler is a Swiss-based business that acts as a crypto-backed loan company. One of its main principles is that you can still HODL, without having to wait on a spike to offer.
It permits users to obtain fiat funds immediately, 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 beneficial feature would be the choice to withdraw fiat to an individual checking account or individual credit card. Users can also hold their cryptocurrency in a YouHodler savings account.
It wouldn’t be far-fetched to think about YouHodler as a bank for your cryptocurrency. It is efficient and fast, allowing users to transfer their crypto properties with ease.
The platform concentrates on delivering a well-rounded experience for its users. You will find whatever that a crypto owner or an investor would possibly need. Simply put, YouHodler offers a variety of services that lets you harness your digital properties.
YouHodler’s wallet is designed with simpleness 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 business offers devoted wallet styles for Bitcoin and over 14 other popular cryptocurrencies.
Is YouHodler legitimate? Cointracker Youhodler
Maybe the most significant function at YouHodler is its ability to use you loans. A financier might think about these financing opportunities as a means of hedging. Crucially, it provides you access to a flexible course to go into 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 eliminates a huge part of the risk that accompanies investment options.
YouHodler is unquestionably a leading player in this space– not least because it provides a top-rate loan-to-value ratio of as much as 90%. Exceeding its rivals, YouHodler accepts 15 various digital coins as collateral.
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 rates of interest as low as 2.5%.
Now let’s break down the loan process that YouHodler has in place.
YouHodler offers you a couple of choices to choose how you want to back your loan. You can look for a loan amount in fiat or Bitcoin– and you use numerous altcoins as collateral.
The preliminary application procedure works as follows:
Make a demand using your crypto assets as collateral
Instantly receive an agreed loan quantity in fiat (USD, EURO, and Stablecoins, Bitcoin).
When 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 process is as seamless as it could be. The business does not perform any credit score checks or take some time to consider whether you are qualified for a loan. On the contrary, if you have adequate collateral and a verified account, you are good to go.
How do you get paid on YouHodler?
Loan Terms and Quantities.
YouHodler has various bundles for loans that include predefined terms.
There are 3 alternatives for loan durations:.
30 days– 90% LTV.
60 days– 70% LTV.
180 days– 50% LTV.
Your interest rate is not determined by the amount of collateral that you put up. Rather, it depends on the kind of strategy you select.
YouHodler provides the exact same interest rate for all its users. As the community grows, the company hopes that its interest rates will likewise drop appropriately. YouHodler also has an affiliate program to encourage its users to invite others to sign up with the platform to help accelerate this objective.
Pros of YouHodler:.
Strong Security. YouHodler put in place numerous ways to keep your funds safe..
Strong Insurance. Crypto properties are insured for as much as $150 million.
Stablecoin Interest. YouHodler uses some of the very best interest rates for stablecoins.
Unique Features. You’ll discover cool items such as the Multi HODL and the Turbocharge, which you won’t discover anywhere else.
Flexible Terms. You can increase the period 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 rivals.
Currencies to Obtain. 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 offered to earn 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, REP, and 15 other popular coins with the list growing.
Type of service: Direct financing.
Cryptocurrencies are unpredictable animals. To earn a profit, you need to be good at trading them or just hold and hope your crypto gains in worth. Neither method is especially easy to do because of volatility.
What if you might just deposit your crypto someplace and make 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 also because it lends out its crypto on deposits.
YouHodler is a cryptocurrency exchange that concentrates on crypto lending and high-interest cost savings for Hodlers. YouHodler is based in Limassol, Limassol, Cyprus. Cointracker Youhodler
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 dozen other countries.