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Looking for Reddit Blockfi Or Celsius…YouHodler is a Swiss-based business that serves as a crypto-backed loan company. One of its primary concepts is that you can still HODL, without needing to await a spike to sell. It allows users to borrow fiat funds immediately, based upon the value of their cryptocurrency possession 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 option to withdraw fiat to a personal checking account or individual credit card. Users can likewise hold their cryptocurrency in a YouHodler savings account. It would not be improbable to consider YouHodler as a bank for your cryptocurrency. It is quick and efficient, enabling users to move their crypto possessions with ease. The platform focuses on delivering a well-rounded experience for its users. You will discover whatever that a crypto owner or a financier would perhaps need. To put it simply, YouHodler provides a range of services that lets you harness your digital possessions. YouHodler Wallet YouHodler’s wallet is created 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 uses devoted wallet styles for Bitcoin and over 14 other popular cryptocurrencies.

Is YouHodler legitimate? Reddit Blockfi Or Celsius

 

Maybe the most significant function at YouHodler is its ability to provide you loans. An investor could think about these financing chances as a means of hedging. Crucially, it offers you access to a flexible path to get in the cryptocurrency trading markets. With a crypto-backed credit line, you can get fiat when you require it without touching your crypto portfolio at all. It eliminates a big part of the danger that accompanies investment options.   YouHodler is unquestionably a leading gamer in this area– not least because it uses a top-rate loan-to-value ratio of as much as 90%. Surpassing its competitors, YouHodler accepts 15 different digital coins as security. Users can receive both instantaneous 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 relatively reasonably at 12% APR. If you are taking out a short-term loan, you might get your rate of interest as low as 2.5%. Now let’s break down the loan process that YouHodler has in place.   YouHodler gives you a couple of options to select how you want to back your loan. You can apply for a loan amount in fiat or Bitcoin– and you use numerous altcoins as security. The preliminary application procedure works as follows: Make a demand utilizing your crypto properties as collateral Instantly receive an agreed loan amount in fiat (USD, EURO, and Stablecoins, Bitcoin). When you repay the loan, you will instantly get the collateral back, no matter whether its worth has increased. As you can see from the above, the procedure is as seamless as it could be. The company does not carry out any credit rating checks or require time to consider whether you are qualified for a loan. On the contrary, if you have adequate collateral and a validated account, you are good to go.  

How do you get paid on YouHodler?

 
  • Loan Terms and Amounts. YouHodler has different packages for loans that feature predefined terms. There are three alternatives for loan periods:. 30 days– 90% LTV. 60 days– 70% LTV. 180 days– 50% LTV. Your interest rate is not determined by the amount of security that you put up. Instead, it depends on the type of plan you pick. YouHodler offers the very same rates of interest for all its users. As the community grows, the service provider hopes that its rate of interest will also drop appropriately. YouHodler also has an affiliate program to motivate its users to invite others to join the platform to assist accelerate this objective.   Pros of YouHodler:. Strong Security. YouHodler put in place lots of methods to keep your funds safe.. Strong Insurance. Crypto assets are guaranteed for up to $150 million. Stablecoin Interest. YouHodler provides some of the very best rates of interest for stablecoins. Distinct Features. You’ll find cool products such as the Multi HODL and the Turbocharge, which you won’t 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.

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      Cons of YouHodler:. Seniority. YouHodler was founded in 2018, which is quite recent compared to its rivals. Currencies to Borrow. Depending upon the currencies you use as security, you can just receive loans in USD, EUR, GBP, and BTC.. Year established: 2018. Head office: 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, ASSOCIATE, and 15 other popular coins with the list growing. Kind of service: Direct financing. Cryptocurrencies are unpredictable animals. To make a profit, you need to be proficient at trading them or just hold and hope your crypto gains in worth. Neither method is particularly easy to do because of volatility. What if you could just transfer your crypto somewhere 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 manage that also considering that it loans out its crypto on deposits. YouHodler is a cryptocurrency exchange that focuses on crypto financing and high-interest cost savings for Hodlers. YouHodler is based in Limassol, Limassol, Cyprus. Reddit Blockfi Or Celsius 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 in addition to in about a lots other countries.