Looking for Crypto Potato Nex…YouHodler is a Swiss-based business that serves as a crypto-backed loan provider. Among its primary concepts is that you can still HODL, without having to await a spike to sell.
It permits users to borrow fiat funds immediately, based upon the value of their cryptocurrency possession 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 a personal savings account or individual charge card. Users can likewise hold their cryptocurrency in a YouHodler savings account.
It wouldn’t be improbable to consider YouHodler as a bank for your cryptocurrency. It is quick and efficient, allowing users to transfer their crypto properties with ease.
The platform concentrates on providing a well-rounded experience for its users. You will discover whatever that a crypto owner or a financier would possibly require. Simply put, YouHodler uses a range of services that lets you harness your digital possessions.
YouHodler’s wallet is created with simplicity and effectiveness in mind. You can move your cryptocurrency, transform it to fiat, and hold the funds for financial investment functions in your wallet. The business provides devoted wallet styles for Bitcoin and over 14 other popular cryptocurrencies.
Is YouHodler legitimate? Crypto Potato Nex
Maybe the most notable feature at YouHodler is its ability to use you loans. A financier could think about these funding opportunities as a means of hedging. Crucially, it gives you access to a versatile path to get in the cryptocurrency trading markets.
With a crypto-backed credit line, you can get fiat when you need it without touching your crypto portfolio at all. It gets rid of a big part of the risk that accompanies financial investment choices.
YouHodler is certainly a leading player in this space– not least since it provides a top-rate loan-to-value ratio of up to 90%. Outpacing its rivals, YouHodler accepts 15 different digital coins as collateral.
Users can receive both immediate cash 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 rate of interest as low as 2.5%.
Now let’s break down the loan procedure that YouHodler has in location.
YouHodler offers you a few options to pick 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 request using your crypto properties as collateral
Quickly get an agreed loan quantity in fiat (USD, EURO, and Stablecoins, Bitcoin).
Once you repay the loan, you will immediately get the collateral back, despite whether its worth has increased.
As you can see from the above, the process is as seamless as it could be. The business does not carry out any credit score checks or take some time to think about whether you are eligible for a loan. On the contrary, if you have adequate security and a confirmed account, you are great to go.
How do you get paid on YouHodler?
Loan Terms and Amounts.
YouHodler has various packages for loans that feature predefined terms.
There are 3 options for loan durations:.
One month– 90% LTV.
60 days– 70% LTV.
180 days– 50% LTV.
Your rates of interest is not identified by the quantity of collateral that you installed. Rather, it depends on the kind of plan you pick.
YouHodler provides the very same interest rate for all its users. As the neighborhood grows, the company hopes that its rates of interest will also 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 goal.
Pros of YouHodler:.
Strong Security. YouHodler put in place lots of ways to keep your funds safe..
Solid Insurance coverage. Crypto assets are insured for approximately $150 million.
Stablecoin Interest. YouHodler provides some of the best interest rates for stablecoins.
Unique Functions. You’ll find cool items such as the Multi HODL and the Turbocharge, which you won’t 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 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 rivals.
Currencies to Borrow. 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 make interest: Fiat (USD, EUR, CHF, GBP), crypto (BTC), and stablecoin loans (USDT, USDC, TUSD, PAX, PAXG).
Currencies readily available for borrowing: BTC, BCH, BNB, ETH, LTC, XLM, XRP, DASH, HT, REPRESENTATIVE, and 15 other popular coins with the list growing.
Kind of service: Direct lending.
Cryptocurrencies are unpredictable creatures. To make a profit, you need to be proficient 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 might simply transfer your crypto somewhere and earn interest on it. It pays high interest on savings. If you’re in the market for a crypto-backed loan, Youhodler can deal with that also considering that it loans out its crypto on deposits.
YouHodler is a cryptocurrency exchange that focuses on crypto lending and high-interest cost savings for Hodlers. YouHodler is based in Limassol, Limassol, Cyprus. Crypto Potato Nex
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 as well as in about a dozen other countries.