Looking for Is The Youhodler App Safe…YouHodler is a Swiss-based business that works as a crypto-backed loan company. Among its main principles is that you can still HODL, without having to wait on a spike to sell.
It permits users to obtain 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 useful feature would be the alternative to withdraw fiat to a personal checking account or individual credit card. Users can also hold their cryptocurrency in a YouHodler savings account.
It wouldn’t be improbable to think about YouHodler as a bank for your cryptocurrency. It is fast and effective, allowing users to move their crypto possessions with ease.
The platform focuses on delivering a well-rounded experience for its users. You will discover everything that a crypto owner or an investor would perhaps need. To put it simply, YouHodler uses a variety of services that lets you harness your digital properties.
YouHodler’s wallet is designed with simplicity and performance in mind. You can transfer your cryptocurrency, convert it to fiat, and hold the funds for financial investment functions in your wallet. The business provides devoted wallet styles for Bitcoin and over 14 other popular cryptocurrencies.
Is YouHodler legitimate? Is The Youhodler App Safe
Perhaps the most noteworthy feature at YouHodler is its ability to offer you loans. An investor could consider these financing opportunities as a means of hedging. Most importantly, it provides you access to a flexible course to enter the cryptocurrency trading markets.
With a crypto-backed line of credit, you can get fiat when you need it without touching your crypto portfolio at all. It gets rid of a big part of the danger that accompanies investment choices.
YouHodler is undoubtedly a leading gamer in this space– not least due to the fact that it provides a top-rate loan-to-value ratio of approximately 90%. Outmatching its competitors, YouHodler accepts 15 various digital coins as security.
Users can get both instantaneous 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 might get your interest rate as low as 2.5%.
Now let’s break down the loan procedure that YouHodler has in place.
YouHodler provides you a few choices to pick how you wish to back your loan. You can apply for a loan amount in fiat or Bitcoin– and you utilize multiple altcoins as collateral.
The preliminary application procedure works as follows:
Make a demand utilizing your crypto assets as collateral
Instantly get an agreed loan amount in fiat (USD, EURO, and Stablecoins, Bitcoin).
Once you repay the loan, you will right away get the collateral back, no matter whether its worth has actually increased.
As you can see from the above, the procedure is as smooth as it could be. The business does not perform any credit rating checks or take time to think about whether you are eligible for a loan. On the contrary, if you have enough collateral and a validated account, you are good to go.
How do you get paid on YouHodler?
Loan Terms and Quantities.
YouHodler has various bundles for loans that include predefined terms.
There are 3 choices for loan durations:.
30 days– 90% LTV.
60 days– 70% LTV.
180 days– 50% LTV.
Your rates of interest is not figured out by the quantity of security that you put up. Instead, it depends on the type of plan you select.
YouHodler provides the exact same interest rate for all its users. As the neighborhood grows, the company hopes that its rate of interest will likewise drop accordingly. YouHodler likewise has an affiliate program to encourage its users to invite others to sign up with the platform to assist accelerate this goal.
Pros of YouHodler:.
Strong Security. YouHodler put in place many ways to keep your funds safe..
Strong Insurance. Crypto possessions are insured for as much as $150 million.
Stablecoin Interest. YouHodler provides some of the best interest rates for stablecoins.
Special Features. You’ll find cool products such as the Multi HODL and the Turbocharge, which you will not discover 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 quite current compared to its rivals.
Currencies to Borrow. Depending on the currencies you use 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 readily available to earn interest: Fiat (USD, EUR, CHF, GBP), crypto (BTC), and stablecoin loans (USDT, USDC, TUSD, PAX, PAXG).
Currencies available for loaning: BTC, BCH, BNB, ETH, LTC, XLM, XRP, DASH, HT, REPRESENTATIVE, and 15 other popular coins with the list growing.
Kind of service: Direct lending.
Cryptocurrencies are unstable creatures. To earn a profit, you need to be good at trading them or just hold and hope your crypto gains in value. Because of volatility, neither approach is particularly simple to do.
What if you could simply deposit your crypto someplace and make interest on it. By doing this, if the price boosts by a percentage or not at all, you can still earn a profit. That’s what YouHodler does. It pays high interest on cost savings. Youhodler can manage that likewise because 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 concentrates on crypto financing and high-interest cost savings for Hodlers. YouHodler is based in Limassol, Limassol, Cyprus. Is The Youhodler App Safe
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 dozen other nations.