Looking for Support Youhodler…YouHodler is a Swiss-based company that functions as a crypto-backed loan company. One of its primary principles is that you can still HODL, without needing to wait for a spike to sell.
It permits users to obtain fiat funds instantly, based on the worth of their cryptocurrency property holdings. Apart from that, one can convert crypto to crypto, crypto to fiat, and also engage with stablecoins.
The most advantageous feature would be the option 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 efficient and fast, allowing users to transfer their crypto possessions with ease.
The platform focuses on providing a well-rounded experience for its users. You will discover 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’s wallet is created with simplicity 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 business uses dedicated wallet designs for Bitcoin and over 14 other popular cryptocurrencies.
Is YouHodler legitimate? Support Youhodler
Maybe the most noteworthy feature at YouHodler is its capability to provide you loans. A financier might think about these financing opportunities as a means of hedging. Most importantly, it offers you access to a flexible path 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 eliminates a big part of the risk that accompanies financial investment options.
YouHodler is unquestionably a leading gamer in this area– not least due to the fact that it provides a top-rate loan-to-value ratio of as much as 90%. Surpassing its rivals, YouHodler accepts 15 various digital coins as collateral.
Users can receive both instantaneous 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 relatively 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 procedure that YouHodler has in location.
YouHodler provides you a few options to choose how you wish to back your loan. You can apply for a loan amount in fiat or Bitcoin– and you use multiple altcoins as collateral.
The preliminary application procedure works as follows:
Make a request using your crypto possessions as security
Quickly get an agreed loan quantity in fiat (USD, EURO, and Stablecoins, Bitcoin).
Once you pay back the loan, you will instantly get the security back, no matter whether its value has increased.
As you can see from the above, the process is as seamless as it could be. The company does not carry out any credit history checks or require time to consider whether you are eligible for a loan. On the contrary, if you have sufficient security and a validated account, you are great to go.
How do you get paid on YouHodler?
Loan Terms and Quantities.
YouHodler has various bundles for loans that come with predefined terms.
There are 3 alternatives for loan periods:.
1 month– 90% LTV.
60 days– 70% LTV.
180 days– 50% LTV.
Your rate of interest is not identified by the quantity of collateral that you installed. Rather, it depends on the type of plan you pick.
YouHodler offers the same rates of interest for all its users. As the neighborhood grows, the company hopes that its rates of interest will also drop accordingly. YouHodler also has an affiliate program to motivate its users to welcome others to sign up with the platform to help 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 as much as $150 million.
Stablecoin Interest. YouHodler uses a few of the best rates of interest for stablecoins.
Special Functions. 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 top 20 coins can be utilized as collateral with 90% loan-to-value.
Is CoinLoan safe?
Cons of YouHodler:.
Seniority. YouHodler was founded in 2018, which is rather recent compared to its rivals.
Currencies to Obtain. Depending on the currencies you use as collateral, you can just receive loans in USD, EUR, GBP, and BTC..
Year established: 2018.
Headquarters: 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 offered for borrowing: BTC, BCH, BNB, ETH, LTC, XLM, XRP, DASH, HT, REPRESENTATIVE, and 15 other popular coins with the list growing.
Type of service: Direct financing.
Cryptocurrencies are volatile creatures. To earn a profit, you have to be proficient at trading them or simply hold and hope your crypto gains in worth. Neither method is especially easy to do because of volatility.
If you might just transfer your crypto somewhere and make interest on it, what. This way, if the cost boosts by a percentage or not at all, you can still earn a profit. That’s what YouHodler does. It pays high interest on cost savings. If you remain in the market for a crypto-backed loan, Youhodler can deal with that also since it lends out its crypto on deposits. Let’s see how it works.
YouHodler is a cryptocurrency exchange that focuses on crypto financing and high-interest savings for Hodlers. YouHodler is based in Limassol, Limassol, Cyprus. Support Youhodler
The business’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.