Looking for Good Timing To Lend Crypto…YouHodler is a Swiss-based business that serves as a crypto-backed loan provider. One of its main principles is that you can still HODL, without needing to await a spike to sell.
It enables users to obtain fiat funds instantly, based upon the value of their cryptocurrency property holdings. Apart from that, one can transform crypto to crypto, crypto to fiat, and likewise engage with stablecoins.
The most beneficial feature would be the choice to withdraw fiat to a personal bank account or personal charge card. Users can also 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 efficient and fast, allowing users to move their crypto assets with ease.
The platform concentrates on delivering a well-rounded experience for its users. You will find everything that a crypto owner or a financier would possibly require. To put it simply, YouHodler offers a range of services that lets you harness your digital properties.
YouHodler’s wallet is developed with simpleness and effectiveness in mind. You can transfer your cryptocurrency, transform it to fiat, and hold the funds for investment functions in your wallet. The company provides dedicated wallet designs for Bitcoin and over 14 other popular cryptocurrencies.
Is YouHodler legitimate? Good Timing To Lend Crypto
Perhaps the most notable feature at YouHodler is its ability to offer you loans. An investor could think about these financing opportunities as a means of hedging. Crucially, it gives you access to a versatile course 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 huge part of the threat that accompanies financial investment options.
YouHodler is undoubtedly a leading player in this space– not least because it uses a top-rate loan-to-value ratio of up to 90%. Surpassing its rivals, YouHodler accepts 15 different digital coins as collateral.
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 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 process that YouHodler has in place.
YouHodler provides you a few options to select how you want to back your loan. You can apply for a loan quantity in fiat or Bitcoin– and you use several altcoins as collateral.
The initial application process works as follows:
Make a demand using your crypto assets as collateral
Immediately receive an agreed loan amount in fiat (USD, EURO, and Stablecoins, Bitcoin).
As soon as you repay the loan, you will instantly 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 company does not perform any credit rating checks or take time to consider whether you are eligible for a loan. On the contrary, if you have enough security and a validated account, you are good to go.
How do you get paid on YouHodler?
Loan Terms and Amounts.
YouHodler has various plans for loans that come with predefined terms.
There are 3 choices for loan durations:.
Thirty days– 90% LTV.
60 days– 70% LTV.
180 days– 50% LTV.
Your interest rate is not determined by the amount of collateral that you put up. Rather, it depends upon the kind of strategy you pick.
YouHodler uses the very same interest rate for all its users. As the community grows, the supplier hopes that its rates of interest will also drop appropriately. YouHodler also has an affiliate program to motivate its users to welcome others to join the platform to assist accelerate this objective.
Pros of YouHodler:.
Strong Security. YouHodler put in place many methods to keep your funds safe..
Solid Insurance. Crypto properties are guaranteed for as much as $150 million.
Stablecoin Interest. YouHodler uses a few of the best rates of interest for stablecoins.
Distinct Features. You’ll find cool products 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 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 upon the currencies you utilize as security, you can only get loans in USD, EUR, GBP, and BTC..
Year established: 2018.
Headquarters: Cyprus and Switzerland.
Licenses: European Union Financial Commission.
Currencies offered to make interest: Fiat (USD, EUR, CHF, GBP), crypto (BTC), and stablecoin loans (USDT, USDC, TUSD, PAX, PAXG).
Currencies readily 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 loaning.
Cryptocurrencies are unpredictable animals. To earn a profit, you have to be good at trading them or just hold and hope your crypto gains in worth. Since of volatility, neither approach is particularly simple to do.
If you might simply transfer your crypto somewhere and make interest on it, what. This way, if the price boosts by a percentage or not at all, you can still make a profit. That’s what YouHodler does. It pays high interest on savings. If you remain in the marketplace for a crypto-backed loan, Youhodler can handle that also since 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 cost savings for Hodlers. YouHodler is based in Limassol, Limassol, Cyprus. Good Timing To Lend Crypto
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 along with in about a lots other nations.