Looking for Dogecoin Loan…YouHodler is a Swiss-based company that acts as a crypto-backed loan company. Among its main ideas is that you can still HODL, without needing to await a spike to sell.
It enables users to obtain fiat funds quickly, based upon the value of their cryptocurrency asset holdings. Apart from that, one can transform crypto to crypto, crypto to fiat, and likewise engage with stablecoins.
The most advantageous function would be the alternative to withdraw fiat to a personal bank account or personal credit card. Users can likewise hold their cryptocurrency in a YouHodler savings account.
It would not be far-fetched to think about YouHodler as a bank for your cryptocurrency. It is effective and fast, enabling users to transfer their crypto properties with ease.
The platform concentrates on delivering a well-rounded experience for its users. You will discover whatever that a crypto owner or an investor would perhaps require. Simply put, YouHodler offers a variety of services that lets you harness your digital assets.
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 financial investment purposes in your wallet. The business uses dedicated wallet designs for Bitcoin and over 14 other popular cryptocurrencies.
Is YouHodler legitimate? Dogecoin Loan
Possibly the most noteworthy function at YouHodler is its ability to offer you loans. A financier might consider these funding chances as a means of hedging. Crucially, it gives you access to a versatile path to enter 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 removes a huge part of the risk that accompanies investment options.
YouHodler is certainly a leading gamer in this space– not least because it offers a top-rate loan-to-value ratio of approximately 90%. Surpassing its competitors, YouHodler accepts 15 different digital coins as collateral.
Users can receive both instant money 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 rate of interest as low as 2.5%.
Now let’s break down the loan procedure that YouHodler has in place.
YouHodler gives you a few options to select how you wish to back your loan. You can obtain a loan amount in fiat or Bitcoin– and you use numerous altcoins as security.
The initial application process works as follows:
Make a request utilizing your crypto possessions as security
Quickly receive an agreed loan amount in fiat (USD, EURO, and Stablecoins, Bitcoin).
Once you repay the loan, you will right away 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 perform any credit score checks or take time to consider whether you are qualified for a loan. On the contrary, if you have enough security and a validated account, you are excellent to go.
How do you get paid on YouHodler?
Loan Terms and Quantities.
YouHodler has various packages for loans that feature predefined terms.
There are 3 options for loan durations:.
1 month– 90% LTV.
60 days– 70% LTV.
180 days– 50% LTV.
Your rates of interest is not determined by the amount of security that you set up. Rather, it depends upon the type of plan you pick.
YouHodler provides the exact same rate of interest for all its users. As the neighborhood grows, the provider hopes that its rate of interest will also drop appropriately. YouHodler likewise 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 many ways to keep your funds safe..
Solid Insurance coverage. Crypto properties are insured for approximately $150 million.
Stablecoin Interest. YouHodler offers a few of the best interest rates for stablecoins.
Unique Features. You’ll discover cool products such as the Multi HODL and the Turbocharge, which you will not discover anywhere else.
Flexible 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 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 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 lending.
Cryptocurrencies are unpredictable animals. To make a profit, you have 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.
If you could just deposit your crypto somewhere and make interest on it, what. By doing this, if the rate boosts by a small amount or not at all, you can still earn a profit. That’s what YouHodler does. It pays high interest on savings. If you remain in the market for a crypto-backed loan, Youhodler can handle that likewise considering that it lends out its crypto on deposits. Let’s see how it works.
YouHodler is a cryptocurrency exchange that focuses on crypto financing and high-interest savings for Hodlers. YouHodler is based in Limassol, Limassol, Cyprus. Dogecoin Loan
The company’s CEO is Ilya Volkov. YouHodler is a main Blockchain Association member of the Financial Commission. YouHodler is not available in the United States as well as in about a dozen other countries.