Looking for Handy Coin Loan…YouHodler is a Swiss-based company that functions as a crypto-backed loan provider. Among its primary ideas is that you can still HODL, without needing to await a spike to offer.
It allows users to borrow fiat funds quickly, based on the value of their cryptocurrency possession holdings. Apart from that, one can transform crypto to crypto, crypto to fiat, and likewise engage with stablecoins.
The most advantageous feature would be the choice to withdraw fiat to an individual checking account or personal charge card. Users can also 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 quick and efficient, enabling users to move their crypto assets with ease.
The platform concentrates on delivering a well-rounded experience for its users. You will discover everything that a crypto owner or an investor would potentially require. In other words, YouHodler uses a range of services that lets you harness your digital assets.
YouHodler’s wallet is created with simplicity 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 uses dedicated wallet styles for Bitcoin and over 14 other popular cryptocurrencies.
Is YouHodler legitimate? Handy Coin Loan
Maybe the most noteworthy feature at YouHodler is its capability to use you loans. A financier might consider these financing opportunities as a means of hedging. Most importantly, it offers 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 huge part of the danger that accompanies investment choices.
YouHodler is unquestionably a leading gamer in this area– not least due to the fact that it provides a top-rate loan-to-value ratio of as much as 90%. Outmatching its rivals, YouHodler accepts 15 different digital coins as security.
Users can get both immediate money 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 might get your rate of interest as low as 2.5%.
Now let’s break down the loan process that YouHodler has in location.
YouHodler provides you a couple of choices to pick how you want to back your loan. You can obtain a loan amount in fiat or Bitcoin– and you utilize numerous altcoins as security.
The preliminary application process works as follows:
Make a demand using your crypto possessions as collateral
Immediately 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, no matter whether its worth has actually increased.
As you can see from the above, the process is as smooth as it could be. The business does not perform any credit report checks or take time to consider whether you are qualified for a loan. On the contrary, if you have adequate security and a confirmed account, you are good 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 alternatives for loan durations:.
Thirty days– 90% LTV.
60 days– 70% LTV.
180 days– 50% LTV.
Your rate of interest is not determined by the quantity of collateral that you set up. Rather, it depends upon the type of plan you choose.
YouHodler uses the same interest rate for all its users. As the neighborhood grows, the service provider hopes that its rates of interest will likewise drop accordingly. YouHodler likewise has an affiliate program to encourage its users to invite others to join the platform to help accelerate this objective.
Pros of YouHodler:.
Strong Security. YouHodler put in place numerous ways to keep your funds safe..
Solid Insurance coverage. Crypto properties are guaranteed for approximately $150 million.
Stablecoin Interest. YouHodler offers some of the best rates of interest for stablecoins.
Special Functions. You’ll discover 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 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 competitors.
Currencies to Obtain. Depending upon the currencies you utilize as security, you can only receive 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.
Type of service: Direct loaning.
Cryptocurrencies are unstable animals. To make a profit, you need to be proficient at trading them or simply hold and hope your crypto gains in worth. Because of volatility, neither approach is especially easy to do.
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 handle that also since it loans out its crypto on deposits.
YouHodler is a cryptocurrency exchange that concentrates on crypto lending and high-interest cost savings for Hodlers. YouHodler is based in Limassol, Limassol, Cyprus. Handy Coin Loan
The business’s CEO is Ilya Volkov. YouHodler is an official Blockchain Association member of the Financial Commission. YouHodler is not available in the United States along with in about a dozen other countries.