Is It A Good Idea To Buy Bitcoins – Limited time offer

Looking for Is It A Good Idea To Buy Bitcoins…YouHodler is a Swiss-based company that functions as a crypto-backed loan provider. Among its primary concepts is that you can still HODL, without needing to wait for a spike to offer.

It allows users to borrow fiat funds quickly, based on 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 helpful feature would be the alternative to withdraw fiat to a personal bank account or individual charge card. Users can likewise hold their cryptocurrency in a YouHodler savings account.

It wouldn’t be improbable to consider YouHodler as a bank for your cryptocurrency. It is quick and efficient, enabling users to transfer their crypto possessions with ease.

The platform concentrates on providing a well-rounded experience for its users. You will find whatever that a crypto owner or a financier would potentially need. In other words, YouHodler uses a variety of services that lets you harness your digital assets.

YouHodler Wallet

YouHodler’s wallet is designed with simplicity and efficiency in mind. You can transfer your cryptocurrency, convert it to fiat, and hold the funds for financial investment functions in your wallet. The company provides dedicated wallet designs for Bitcoin and over 14 other popular cryptocurrencies.

Is YouHodler legitimate? Is It A Good Idea To Buy Bitcoins

Possibly the most noteworthy feature at YouHodler is its ability to provide you loans. A financier could think about these funding opportunities as a means of hedging. Crucially, it provides you access to a versatile path to enter 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 eliminates a big part of the threat that accompanies investment options.

 

YouHodler is certainly a leading player in this space– not least since it offers a top-rate loan-to-value ratio of as much as 90%. Outmatching its rivals, YouHodler accepts 15 various digital coins as security.

Users can get both instant 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 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 couple of choices to pick how you want to back your loan. You can look for a loan quantity in fiat or Bitcoin– and you use multiple altcoins as security.

The preliminary application process works as follows:

Make a demand utilizing your crypto assets as collateral
Instantly get an agreed loan quantity in fiat (USD, EURO, and Stablecoins, Bitcoin).
When you repay the loan, you will immediately get the collateral back, regardless of whether its worth has actually increased.

As you can see from the above, the process is as seamless as it could be. The company does not carry out any credit history checks or take some time to consider whether you are eligible for a loan. On the contrary, if you have enough security and a confirmed account, you are good to go.

 

How do you get paid on YouHodler?

  • Loan Terms and Amounts.

    YouHodler has various bundles for loans that feature predefined terms.

    There are 3 options for loan durations:.

    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 on the type of plan you choose.

    YouHodler uses the same interest rate for all its users. As the community grows, the supplier hopes that its rate of interest will likewise drop accordingly. YouHodler likewise has an affiliate program to motivate its users to invite others to join the platform to help accelerate this goal.

     

    Pros of YouHodler:.
    Strong Security. YouHodler put in place many methods to keep your funds safe..
    Solid Insurance coverage. Crypto assets are guaranteed for approximately $150 million.
    Stablecoin Interest. YouHodler provides some of the best interest rates for stablecoins.
    Distinct Features. You’ll discover cool products such as the Multi HODL and the Turbocharge, which you won’t find 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 quite current compared to its rivals.
    Currencies to Borrow. Depending on the currencies you use as collateral, you can just receive 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 available for borrowing: BTC, BCH, BNB, ETH, LTC, XLM, XRP, DASH, HT, REP, and 15 other popular coins with the list growing.
    Type of service: Direct loaning.

    Cryptocurrencies are unpredictable creatures. To earn a profit, you have to be proficient at trading them or just hold and hope your crypto gains in worth. Since of volatility, neither method is especially easy to do.

    If you might just transfer your crypto somewhere and make interest on it, what. This way, if the cost 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. Youhodler can handle that also given that it lends out its crypto on deposits if you’re in the market for a crypto-backed loan. 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. Is It A Good Idea To Buy Bitcoins

    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.