Looking for Lockwood Crypto Loans…YouHodler is a Swiss-based business that serves as a crypto-backed loan company. One of its main concepts is that you can still HODL, without needing to wait on a spike to sell.
It enables users to borrow fiat funds quickly, based on the worth of their cryptocurrency asset holdings. Apart from that, one can convert crypto to crypto, crypto to fiat, and also engage with stablecoins.
The most useful feature would be the option to withdraw fiat to a personal checking account or individual 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 fast and efficient, permitting users to move their crypto possessions with ease.
The platform concentrates on providing a well-rounded experience for its users. You will find everything that a crypto owner or an investor would potentially require. In other words, YouHodler uses a variety of services that lets you harness your digital properties.
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 investment purposes in your wallet. The business uses dedicated wallet designs for Bitcoin and over 14 other popular cryptocurrencies.
Is YouHodler legitimate? Lockwood Crypto Loans
Possibly the most significant feature at YouHodler is its ability to provide you loans. A financier might consider these financing chances as a means of hedging. Crucially, it provides you access to a versatile path to go into 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 eliminates a huge part of the danger that accompanies investment choices.
YouHodler is undoubtedly a leading player in this space– not least since it provides a top-rate loan-to-value ratio of up to 90%. Exceeding its rivals, YouHodler accepts 15 various digital coins as collateral.
Users can receive both instant money loans and crypto loans in USD, EURO, GBP, CHF, and even in Bitcoin( BTC) and Tether( USDT). The rates of interest on crypto loans are fairly reasonably at 12% APR. If you are taking out a short-term loan, you could get your rates of interest as low as 2.5%.
Now let’s break down the loan process that YouHodler has in place.
YouHodler provides you a couple of alternatives to pick how you want to back your loan. You can obtain a loan amount in fiat or Bitcoin– and you use numerous altcoins as collateral.
The initial application procedure works as follows:
Make a demand utilizing your crypto possessions as collateral
Instantly get an agreed loan quantity in fiat (USD, EURO, and Stablecoins, Bitcoin).
Once you repay the loan, you will immediately get the security back, regardless of whether its worth has increased.
As you can see from the above, the process is as smooth as it could be. The company does not carry out any credit rating checks or take some time to think about whether you are qualified for a loan. On the contrary, if you have enough collateral and a verified account, you are excellent to go.
How do you get paid on YouHodler?
Loan Terms and Quantities.
YouHodler has different bundles for loans that include predefined terms.
There are 3 options for loan periods:.
One month– 90% LTV.
60 days– 70% LTV.
180 days– 50% LTV.
Your rate of interest is not determined by the amount of security that you installed. Instead, it depends on the kind of strategy you select.
YouHodler offers the same rate of interest for all its users. As the neighborhood grows, the service provider hopes that its rate of interest will also drop accordingly. YouHodler also has an affiliate program to motivate its users to welcome others to join the platform to help accelerate this goal.
Pros of YouHodler:.
Strong Security. YouHodler put in place numerous methods to keep your funds safe..
Strong Insurance. Crypto possessions are guaranteed for approximately $150 million.
Stablecoin Interest. YouHodler uses some of the very best rate of interest for stablecoins.
Distinct Features. You’ll discover cool items such as the Multi HODL and the Turbocharge, which you will not discover anywhere else.
Versatile Terms. You can increase the duration 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 rather recent compared to its competitors.
Currencies to Obtain. Depending upon the currencies you use as collateral, you can only get loans in USD, EUR, GBP, and BTC..
Year established: 2018.
Head office: Cyprus and Switzerland.
Licenses: European Union Financial Commission.
Currencies readily available to make interest: Fiat (USD, EUR, CHF, GBP), crypto (BTC), and stablecoin loans (USDT, USDC, TUSD, PAX, PAXG).
Currencies readily available for borrowing: BTC, BCH, BNB, ETH, LTC, XLM, XRP, DASH, HT, REP, and 15 other popular coins with the list growing.
Kind of service: Direct loaning.
Cryptocurrencies are volatile creatures. To make 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 might simply deposit your crypto somewhere and earn interest on it. This way, if the rate 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. Youhodler can manage that also because it loans 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 lending and high-interest savings for Hodlers. YouHodler is based in Limassol, Limassol, Cyprus. Lockwood Crypto Loans
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 as well as in about a lots other nations.