Nexo Crypto Crunchbase – Limited time offer

Looking for Nexo Crypto Crunchbase…YouHodler is a Swiss-based business that functions as a crypto-backed loan service provider. Among its main ideas is that you can still HODL, without having to wait for a spike to sell. It enables users to borrow fiat funds quickly, based on the value of their cryptocurrency asset holdings. Apart from that, one can convert crypto to crypto, crypto to fiat, and likewise engage with stablecoins. The most useful function would be the choice to withdraw fiat to an individual bank account or personal credit card. Users can also hold their cryptocurrency in a YouHodler savings account. It wouldn’t be improbable to consider YouHodler as a bank for your cryptocurrency. It is effective and quick, permitting users to move their crypto properties with ease. The platform focuses on providing a well-rounded experience for its users. You will find whatever that a crypto owner or an investor would potentially require. Simply put, YouHodler uses a range of services that lets you harness your digital properties. YouHodler Wallet YouHodler’s wallet is developed with simpleness and effectiveness in mind. You can transfer your cryptocurrency, transform it to fiat, and hold the funds for financial investment functions in your wallet. The company provides devoted wallet styles for Bitcoin and over 14 other popular cryptocurrencies.

Is YouHodler legitimate? Nexo Crypto Crunchbase

Perhaps the most noteworthy function at YouHodler is its capability to offer you loans. A financier could think about these funding opportunities as a means of hedging. Crucially, it offers 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 huge part of the risk that accompanies investment choices.   YouHodler is undoubtedly a leading gamer in this space– not least since it offers a top-rate loan-to-value ratio of approximately 90%. Exceeding its rivals, YouHodler accepts 15 different 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 rates of interest on crypto loans are relatively 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 procedure that YouHodler has in place.   YouHodler gives you a few alternatives to choose how you want to back your loan. You can get a loan quantity in fiat or Bitcoin– and you utilize numerous altcoins as collateral. The preliminary application process works as follows: Make a demand using your crypto properties as collateral Instantly get an agreed loan quantity in fiat (USD, EURO, and Stablecoins, Bitcoin). When you pay back the loan, you will immediately get the collateral back, despite whether its value has increased. As you can see from the above, the procedure is as seamless as it could be. The business does not carry out any credit history checks or take some time to consider whether you are qualified for a loan. On the contrary, if you have adequate collateral and a confirmed account, you are great to go.

How do you get paid on YouHodler?

  • Loan Terms and Quantities. YouHodler has various plans for loans that feature predefined terms. There are three alternatives for loan periods:. One month– 90% LTV. 60 days– 70% LTV. 180 days– 50% LTV. Your interest rate is not identified by the amount of security that you set up. Instead, it depends upon the kind of strategy you select. YouHodler uses the same rate of interest for all its users. As the community grows, the supplier hopes that its rates 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 help accelerate this objective.   Pros of YouHodler:. Strong Security. YouHodler put in place lots of ways to keep your funds safe.. Solid Insurance coverage. Crypto assets are guaranteed for as much as $150 million. Stablecoin Interest. YouHodler provides some of the best interest rates for stablecoins. Unique Functions. You’ll discover cool products such as the Multi HODL and the Turbocharge, which you will not find anywhere else. Flexible Terms. You can increase the period of your loans at any time. High LTV. The top 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 Obtain. Depending upon 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 available to earn interest: Fiat (USD, EUR, CHF, GBP), crypto (BTC), and stablecoin loans (USDT, USDC, TUSD, PAX, PAXG). Currencies readily 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 loaning. Cryptocurrencies are unpredictable animals. To make a profit, you have to be good at trading them or simply hold and hope your crypto gains in worth. Neither technique is especially easy to do because of volatility. What if you could simply transfer your crypto somewhere and earn interest on it. It pays high interest on savings. If you’re in the market for a crypto-backed loan, Youhodler can manage that likewise considering that it loans out its crypto on deposits. YouHodler is a cryptocurrency exchange that concentrates on crypto financing and high-interest cost savings for Hodlers. YouHodler is based in Limassol, Limassol, Cyprus. Nexo Crypto Crunchbase The company’s CEO is Ilya Volkov. YouHodler is an official Blockchain Association member of the Financial Commission. YouHodler is not offered in the United States along with in about a lots other nations.