How Secure Is Youhodler – Limited time offer

Looking for How Secure Is Youhodler…YouHodler is a Swiss-based business that acts as a crypto-backed loan provider. Among its main concepts is that you can still HODL, without having to wait for a spike to sell.

It allows users to obtain fiat funds immediately, based on the worth of their cryptocurrency possession holdings. Apart from that, one can convert crypto to crypto, crypto to fiat, and also engage with stablecoins.

The most useful function would be the choice to withdraw fiat to a personal checking account or individual credit 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 quick and effective, enabling users to move their crypto possessions 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 uses a variety of services that lets you harness your digital assets.

YouHodler Wallet

YouHodler’s wallet is developed with simplicity and performance in mind. You can transfer your cryptocurrency, transform it to fiat, and hold the funds for financial investment functions in your wallet. The business offers dedicated wallet styles for Bitcoin and over 14 other popular cryptocurrencies.

Is YouHodler legitimate? How Secure Is Youhodler

Perhaps the most noteworthy feature at YouHodler is its capability to use you loans. An investor could think about these financing opportunities as a means of hedging. Most importantly, it provides you access to a versatile path to get in 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 financial investment options.

 

YouHodler is certainly a leading gamer in this area– not least due to the fact that it offers a top-rate loan-to-value ratio of approximately 90%. Outmatching its competitors, YouHodler accepts 15 different digital coins as collateral.

Users can receive both instantaneous cash 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 could 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 choices to pick how you want to back your loan. You can get a loan amount in fiat or Bitcoin– and you utilize several altcoins as security.

The preliminary application process works as follows:

Make a request utilizing your crypto possessions as collateral
Instantly get an agreed loan quantity in fiat (USD, EURO, and Stablecoins, Bitcoin).
Once you pay back the loan, you will right away get the collateral back, despite whether its value has actually increased.

As you can see from the above, the procedure is as seamless as it could be. The business 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 adequate collateral and a confirmed account, you are great to go.

 

How do you get paid on YouHodler?

  • Loan Terms and Quantities.

    YouHodler has various packages for loans that come with predefined terms.

    There are three options for loan durations:.

    30 days– 90% LTV.
    60 days– 70% LTV.
    180 days– 50% LTV.

    Your rates of interest is not determined by the amount of collateral that you put up. Instead, it depends upon the kind of plan you select.

    YouHodler provides the very same rates of interest for all its users. As the community grows, the company hopes that its rates of interest will also drop appropriately. YouHodler also has an affiliate program to motivate its users to invite others to sign up with the platform to assist accelerate this objective.

     

    Pros of YouHodler:.
    Strong Security. YouHodler put in place numerous ways to keep your funds safe..
    Strong Insurance. Crypto properties are insured for as much as $150 million.
    Stablecoin Interest. YouHodler provides some of the very best rate of interest for stablecoins.
    Special Functions. You’ll discover cool items such as the Multi HODL and the Turbocharge, which you won’t discover anywhere else.
    Flexible 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 rivals.
    Currencies to Obtain. 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 offered to make interest: Fiat (USD, EUR, CHF, GBP), crypto (BTC), and stablecoin loans (USDT, USDC, TUSD, PAX, PAXG).
    Currencies available for borrowing: 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 volatile animals. To make a profit, you need to be proficient at trading them or simply hold and hope your crypto gains in worth. Since of volatility, neither method is particularly simple to do.

    What if you might just transfer your crypto someplace and earn 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 since it lends out its crypto on deposits.

    YouHodler is a cryptocurrency exchange that specializes in crypto loaning and high-interest savings for Hodlers. YouHodler is based in Limassol, Limassol, Cyprus. How Secure Is Youhodler

    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 along with in about a lots other countries.