Is Youhodler Legit For Storing Bitcoin – Limited time offer

Looking for Is Youhodler Legit For Storing Bitcoin…YouHodler is a Swiss-based business that serves as a crypto-backed loan provider. Among its main concepts is that you can still HODL, without needing to wait for a spike to sell.

It permits users to borrow fiat funds quickly, based on the worth of their cryptocurrency possession 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 savings account or personal credit card. Users can likewise 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, permitting users to move 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 an investor would perhaps require. To put it simply, YouHodler offers a variety of services that lets you harness your digital assets.

YouHodler Wallet

YouHodler’s wallet is created with simpleness 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 company offers dedicated wallet designs for Bitcoin and over 14 other popular cryptocurrencies.

Is YouHodler legitimate? Is Youhodler Legit For Storing Bitcoin

Maybe the most noteworthy feature at YouHodler is its capability to provide you loans. A financier might think about these financing chances as a means of hedging. Most importantly, it gives you access to a versatile course to go into 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 threat that accompanies investment choices.

 

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

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 fairly reasonably at 12% APR. If you are taking out a short-term loan, you might get your rates of interest as low as 2.5%.

Now let’s break down the loan process that YouHodler has in location.

 

YouHodler gives you a few options to choose how you wish to back your loan. You can obtain a loan amount in fiat or Bitcoin– and you use multiple altcoins as collateral.

The initial application procedure works as follows:

Make a demand utilizing your crypto assets as security
Immediately receive an agreed loan amount in fiat (USD, EURO, and Stablecoins, Bitcoin).
When you pay back the loan, you will immediately get the collateral back, no matter whether its value has increased.

As you can see from the above, the procedure is as smooth as it could be. The business does not perform any credit history checks or take some time to consider whether you are qualified 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 packages for loans that come with predefined terms.

    There are three choices for loan periods:.

    One month– 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 strategy you choose.

    YouHodler provides the same interest rate for all its users. As the neighborhood grows, the supplier hopes that its rates of interest will also drop appropriately. YouHodler likewise has an affiliate program to motivate its users to welcome others to join the platform to assist accelerate this goal.

     

    Pros of YouHodler:.
    Strong Security. YouHodler put in place numerous ways to keep your funds safe..
    Solid Insurance. Crypto assets are guaranteed for up to $150 million.
    Stablecoin Interest. YouHodler uses a few of the best rates of interest for stablecoins.
    Distinct Features. 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 used as collateral with 90% loan-to-value.

    Is CoinLoan safe?

     

    Cons of YouHodler:.
    Seniority. YouHodler was founded in 2018, which is quite recent compared to its competitors.
    Currencies to Obtain. Depending upon the currencies you use as security, you can just get loans in USD, EUR, GBP, and BTC..
    Year founded: 2018.
    Head office: Cyprus and Switzerland.
    Licenses: European Union Financial Commission.
    Currencies available to earn interest: Fiat (USD, EUR, CHF, GBP), crypto (BTC), and stablecoin loans (USDT, USDC, TUSD, PAX, PAXG).
    Currencies offered for loaning: BTC, BCH, BNB, ETH, LTC, XLM, XRP, DASH, HT, REPRESENTATIVE, and 15 other popular coins with the list growing.
    Type of service: Direct loaning.

    Cryptocurrencies are unstable creatures. To earn a profit, you need to be proficient at trading them or simply hold and hope your crypto gains in worth. Neither approach is particularly easy to do because of volatility.

    What if you might just deposit 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 considering that it lends out its crypto on deposits.

    YouHodler is a cryptocurrency exchange that specializes in crypto lending and high-interest savings for Hodlers. YouHodler is based in Limassol, Limassol, Cyprus. Is Youhodler Legit For Storing Bitcoin

    The company’s CEO is Ilya Volkov. YouHodler is a main Blockchain Association member of the Financial Commission. YouHodler is not readily available in the United States in addition to in about a dozen other countries.