Looking for Crypto Loan Salt…YouHodler is a Swiss-based company that works as a crypto-backed loan service provider. Among its primary principles is that you can still HODL, without having to wait for a spike to sell.
It allows users to obtain fiat funds instantly, based on the worth of their cryptocurrency property holdings. Apart from that, one can transform crypto to crypto, crypto to fiat, and likewise engage with stablecoins.
The most useful function would be the alternative to withdraw fiat to an individual checking account or individual charge card. Users can likewise 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 move their crypto possessions 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 need. To put it simply, YouHodler offers a range of services that lets you harness your digital assets.
YouHodler’s wallet is developed with simplicity and performance in mind. You can transfer your cryptocurrency, transform it to fiat, and hold the funds for investment purposes in your wallet. The company provides dedicated wallet designs for Bitcoin and over 14 other popular cryptocurrencies.
Is YouHodler legitimate? Crypto Loan Salt
Perhaps the most noteworthy function at YouHodler is its ability to provide you loans. A financier could think about these funding chances as a means of hedging. Most importantly, it provides you access to a versatile 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 eliminates a huge part of the danger that accompanies financial investment choices.
YouHodler is undoubtedly a leading gamer in this space– not least because it provides a top-rate loan-to-value ratio of approximately 90%. Outpacing its rivals, YouHodler accepts 15 various digital coins as collateral.
Users can receive both instant cash loans and crypto loans in USD, EURO, GBP, CHF, and even in Bitcoin( BTC) and Tether( USDT). The interest rates on crypto loans are fairly reasonably at 12% APR. If you are taking out a short-term loan, you might get your interest rate as low as 2.5%.
Now let’s break down the loan procedure that YouHodler has in place.
YouHodler provides you a couple of options to choose how you want to back your loan. You can obtain a loan quantity in fiat or Bitcoin– and you utilize several altcoins as security.
The initial application process works as follows:
Make a demand utilizing your crypto possessions as security
Instantly get an agreed loan amount in fiat (USD, EURO, and Stablecoins, Bitcoin).
When you pay back the loan, you will instantly get the security back, regardless of whether its value has increased.
As you can see from the above, the process is as smooth as it could be. The company does not perform any credit rating checks or require time to consider whether you are qualified 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 different packages for loans that come with predefined terms.
There are three choices for loan periods:.
Thirty days– 90% LTV.
60 days– 70% LTV.
180 days– 50% LTV.
Your rate of interest is not figured out by the amount of collateral that you installed. Instead, it depends on the kind of plan you select.
YouHodler offers the same interest rate for all its users. As the neighborhood grows, the provider hopes that its rate of interest will likewise drop appropriately. YouHodler likewise has an affiliate program to encourage its users to welcome others to sign up with the platform to assist accelerate this objective.
Pros of YouHodler:.
Strong Security. YouHodler put in place many ways to keep your funds safe..
Solid Insurance coverage. Crypto assets are insured for approximately $150 million.
Stablecoin Interest. YouHodler offers a few of the very best rate of interest for stablecoins.
Distinct Functions. You’ll find cool products 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 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 get loans in USD, EUR, GBP, and BTC..
Year established: 2018.
Head office: 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 loaning: BTC, BCH, BNB, ETH, LTC, XLM, XRP, DASH, HT, REPRESENTATIVE, and 15 other popular coins with the list growing.
Type of service: Direct loaning.
Cryptocurrencies are unpredictable creatures. To earn a profit, you have to be proficient at trading them or simply hold and hope your crypto gains in value. Neither method is especially easy to do because of volatility.
What if you could simply 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 focuses on crypto loaning and high-interest cost savings for Hodlers. YouHodler is based in Limassol, Limassol, Cyprus. Crypto Loan Salt
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.