Looking for Download Youhodler Apk…YouHodler is a Swiss-based business that functions as a crypto-backed loan provider. One of its main principles is that you can still HODL, without needing to wait on a spike to sell.
It allows users to obtain 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 function would be the option to withdraw fiat to a personal checking account or personal charge card. Users can likewise hold their cryptocurrency in a YouHodler savings account.
It would not be far-fetched to consider YouHodler as a bank for your cryptocurrency. It is fast and effective, allowing users to transfer their crypto possessions with ease.
The platform focuses on delivering a well-rounded experience for its users. You will find whatever that a crypto owner or an investor would potentially require. To put it simply, YouHodler provides a range of services that lets you harness your digital assets.
YouHodler’s wallet is developed 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 company offers devoted wallet styles for Bitcoin and over 14 other popular cryptocurrencies.
Is YouHodler legitimate? Download Youhodler Apk
Maybe the most significant feature at YouHodler is its capability to provide you loans. A financier might consider these funding chances 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 removes a big part of the danger that accompanies investment choices.
YouHodler is unquestionably a leading player in this area– not least because it uses a top-rate loan-to-value ratio of as much as 90%. Exceeding its competitors, 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 rate of interest on crypto loans are relatively reasonably at 12% APR. If you are taking out a short-term loan, you could get your interest rate as low as 2.5%.
Now let’s break down the loan process that YouHodler has in place.
YouHodler provides you a few alternatives to select how you want to back your loan. You can obtain a loan quantity in fiat or Bitcoin– and you utilize multiple altcoins as collateral.
The initial application process works as follows:
Make a request using your crypto assets as security
Quickly get an agreed loan quantity in fiat (USD, EURO, and Stablecoins, Bitcoin).
As soon as you repay the loan, you will immediately get the collateral back, regardless of whether its value has increased.
As you can see from the above, the process is as seamless as it could be. The business does not perform any credit rating checks or take some time to consider whether you are qualified for a loan. On the contrary, if you have sufficient collateral and a confirmed account, you are excellent to go.
How do you get paid on YouHodler?
Loan Terms and Amounts.
YouHodler has different plans for loans that include predefined terms.
There are 3 alternatives for loan periods:.
Thirty days– 90% LTV.
60 days– 70% LTV.
180 days– 50% LTV.
Your interest rate is not determined by the quantity of collateral that you set up. Instead, it depends upon the kind of plan you pick.
YouHodler provides the exact same rates of interest for all its users. As the neighborhood grows, the service provider hopes that its rates of interest will likewise drop accordingly. YouHodler also has an affiliate program to motivate 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 many ways to keep your funds safe..
Solid Insurance. Crypto properties are insured for approximately $150 million.
Stablecoin Interest. YouHodler offers a few of the very best interest rates for stablecoins.
Distinct Functions. You’ll find cool items such as the Multi HODL and the Turbocharge, which you won’t find anywhere else.
Versatile Terms. You can increase the period of your loans at any time.
High LTV. The leading 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 quite recent compared to its competitors.
Currencies to Obtain. Depending upon the currencies you utilize as collateral, you can only get loans in USD, EUR, GBP, and BTC..
Year founded: 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 offered for loaning: BTC, BCH, BNB, ETH, LTC, XLM, XRP, DASH, HT, REP, and 15 other popular coins with the list growing.
Kind of service: Direct lending.
Cryptocurrencies are unpredictable creatures. To make a profit, you have to be good at trading them or simply hold and hope your crypto gains in worth. Since of volatility, neither technique is particularly simple to do.
What if you could simply deposit your crypto somewhere 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 handle that also given that it loans out its crypto on deposits.
YouHodler is a cryptocurrency exchange that focuses on crypto lending and high-interest savings for Hodlers. YouHodler is based in Limassol, Limassol, Cyprus. Download Youhodler Apk
The business’s CEO is Ilya Volkov. YouHodler is an official Blockchain Association member of the Financial Commission. YouHodler is not offered in the United States in addition to in about a dozen other countries.