Looking for Juntao Hodlonaut…YouHodler is a Swiss-based company that acts as a crypto-backed loan company. Among its main principles is that you can still HODL, without having to wait for a spike to offer.
It allows users to obtain fiat funds quickly, based upon the value of their cryptocurrency property holdings. Apart from that, one can convert crypto to crypto, crypto to fiat, and likewise engage with stablecoins.
The most advantageous feature would be the option to withdraw fiat to an individual checking account or personal charge 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 effective and fast, permitting 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 perhaps require. Simply put, YouHodler offers a variety of services that lets you harness your digital assets.
YouHodler’s wallet is developed with simplicity and effectiveness in mind. You can transfer your cryptocurrency, convert it to fiat, and hold the funds for investment functions in your wallet. The company offers dedicated wallet designs for Bitcoin and over 14 other popular cryptocurrencies.
Is YouHodler legitimate? Juntao Hodlonaut
Maybe the most notable function at YouHodler is its ability to use you loans. A financier could think about these financing chances as a means of hedging. Most importantly, it offers 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 removes a huge part of the threat that accompanies financial investment options.
YouHodler is certainly a leading gamer in this space– not least because it uses a top-rate loan-to-value ratio of up to 90%. Exceeding its rivals, YouHodler accepts 15 various digital coins as security.
Users can receive both immediate money 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 interest rate as low as 2.5%.
Now let’s break down the loan process that YouHodler has in place.
YouHodler gives you a few alternatives to select how you want to back your loan. You can apply for a loan amount in fiat or Bitcoin– and you utilize multiple altcoins as security.
The initial application process works as follows:
Make a request utilizing your crypto possessions as security
Quickly get an agreed loan amount in fiat (USD, EURO, and Stablecoins, Bitcoin).
When you pay back the loan, you will instantly get the collateral back, despite whether its value 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 think about whether you are qualified for a loan. On the contrary, if you have adequate security and a validated account, you are good to go.
How do you get paid on YouHodler?
Loan Terms and Quantities.
YouHodler has different packages for loans that feature predefined terms.
There are three options for loan durations:.
30 days– 90% LTV.
60 days– 70% LTV.
180 days– 50% LTV.
Your interest rate is not figured out by the quantity of security that you put up. Instead, it depends on the kind of strategy you pick.
YouHodler offers the exact same rates of interest for all its users. As the community grows, the provider hopes that its rate of interest will also drop accordingly. YouHodler also 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 numerous ways to keep your funds safe..
Strong Insurance. Crypto possessions are insured for approximately $150 million.
Stablecoin Interest. YouHodler provides a few of the best interest rates for stablecoins.
Unique Features. You’ll discover cool items such as the Multi HODL and the Turbocharge, which you will not discover anywhere else.
Flexible Terms. You can increase the duration 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 rather current compared to its competitors.
Currencies to Obtain. Depending upon the currencies you utilize as security, you can just get loans in USD, EUR, GBP, and BTC..
Year established: 2018.
Headquarters: Cyprus and Switzerland.
Licenses: European Union Financial Commission.
Currencies offered 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 lending.
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 value. Neither approach is especially easy to do because of volatility.
What if you might simply deposit your crypto someplace and make interest on it. By doing this, if the price boosts by a small amount or not at all, you can still earn a profit. That’s what YouHodler does. It pays high interest on cost savings. If you’re in the marketplace for a crypto-backed loan, Youhodler can manage that also since it loans out its crypto on deposits. Let’s see how it works.
YouHodler is a cryptocurrency exchange that concentrates on crypto loaning and high-interest cost savings for Hodlers. YouHodler is based in Limassol, Limassol, Cyprus. Juntao Hodlonaut
The company’s CEO is Ilya Volkov. YouHodler is an official Blockchain Association member of the Financial Commission. YouHodler is not available in the United States in addition to in about a lots other countries.