Crypto Lending On Exchange Reddit – Limited time offer

Looking for Crypto Lending On Exchange Reddit…YouHodler is a Swiss-based business that acts as a crypto-backed loan provider. Among its main concepts is that you can still HODL, without needing to await a spike to offer.

It permits users to borrow 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 also engage with stablecoins.

The most beneficial feature would be the option to withdraw fiat to an individual bank account or individual credit card. Users can also hold their cryptocurrency in a YouHodler savings account.

It wouldn’t be improbable 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 providing a well-rounded experience for its users. You will find everything that a crypto owner or a financier would possibly need. Simply put, YouHodler offers a range of services that lets you harness your digital properties.

YouHodler Wallet

YouHodler’s wallet is designed with simplicity and effectiveness in mind. You can transfer your cryptocurrency, transform it to fiat, and hold the funds for investment functions in your wallet. The business provides dedicated wallet designs for Bitcoin and over 14 other popular cryptocurrencies.

Is YouHodler legitimate? Crypto Lending On Exchange Reddit

Possibly the most notable function at YouHodler is its capability to use you loans. An investor could consider these financing opportunities as a means of hedging. Most importantly, it gives 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 gets rid of a big part of the danger that accompanies investment options.

 

YouHodler is certainly a leading gamer in this space– not least due to the fact that it offers a top-rate loan-to-value ratio of approximately 90%. Outpacing its competitors, YouHodler accepts 15 various 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 rate of interest on crypto loans are relatively reasonably at 12% APR. If you are taking out a short-term loan, you might get your rates of interest as low as 2.5%.

Now let’s break down the loan process that YouHodler has in location.

 

YouHodler gives you a couple of choices to select how you want to back your loan. You can make an application for a loan amount in fiat or Bitcoin– and you utilize numerous altcoins as security.

The preliminary application procedure works as follows:

Make a demand utilizing your crypto assets as security
Quickly receive an agreed loan quantity in fiat (USD, EURO, and Stablecoins, Bitcoin).
Once you pay back the loan, you will immediately get the security back, despite whether its value has increased.

As you can see from the above, the procedure is as seamless as it could be. The business does not carry out any credit report checks or take time to consider whether you are eligible for a loan. On the contrary, if you have sufficient collateral and a validated account, you are excellent to go.

 

How do you get paid on YouHodler?

  • Loan Terms and Amounts.

    YouHodler has various plans for loans that include predefined terms.

    There are three options for loan durations:.

    30 days– 90% LTV.
    60 days– 70% LTV.
    180 days– 50% LTV.

    Your rate of interest is not figured out by the quantity of security that you put up. Instead, it depends on the kind of plan you pick.

    YouHodler uses the exact same interest rate for all its users. As the neighborhood grows, the company hopes that its rates of interest will likewise drop accordingly. YouHodler also has an affiliate program to encourage its users to invite others to join the platform to help accelerate this objective.

     

    Pros of YouHodler:.
    Strong Security. YouHodler put in place lots of ways to keep your funds safe..
    Solid Insurance coverage. Crypto possessions are guaranteed for approximately $150 million.
    Stablecoin Interest. YouHodler provides a few of the very best interest rates for stablecoins.
    Unique Functions. You’ll discover cool products such as the Multi HODL and the Turbocharge, which you will not discover 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.

    Is CoinLoan safe?

     

    Cons of YouHodler:.
    Seniority. YouHodler was founded in 2018, which is rather current compared to its rivals.
    Currencies to Borrow. Depending upon the currencies you use as collateral, you can only receive loans in USD, EUR, GBP, and BTC..
    Year established: 2018.
    Headquarters: Cyprus and Switzerland.
    Licenses: European Union Financial Commission.
    Currencies available to earn interest: Fiat (USD, EUR, CHF, GBP), crypto (BTC), and stablecoin loans (USDT, USDC, TUSD, PAX, PAXG).
    Currencies offered for borrowing: BTC, BCH, BNB, ETH, LTC, XLM, XRP, DASH, HT, ASSOCIATE, and 15 other popular coins with the list growing.
    Kind of service: Direct lending.

    Cryptocurrencies are volatile animals. To earn a profit, you have to be proficient at trading them or just hold and hope your crypto gains in worth. Since of volatility, neither approach is particularly simple to do.

    What if you could just deposit your crypto somewhere 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 handle that also considering that it lends out its crypto on deposits.

    YouHodler is a cryptocurrency exchange that specializes in crypto financing and high-interest cost savings for Hodlers. YouHodler is based in Limassol, Limassol, Cyprus. Crypto Lending On Exchange Reddit

    The company’s CEO is Ilya Volkov. YouHodler is a main Blockchain Association member of the Financial Commission. YouHodler is not readily available in the United States as well as in about a lots other countries.