Looking for Twitter Youhodler…YouHodler is a Swiss-based company that acts as a crypto-backed loan company. One of its primary ideas is that you can still HODL, without having to await a spike to offer.
It enables users to obtain fiat funds immediately, based upon the value 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 function would be the option to withdraw fiat to an individual checking account or individual charge card. Users can also hold their cryptocurrency in a YouHodler savings account.
It would not be far-fetched to think about YouHodler as a bank for your cryptocurrency. It is efficient and quick, enabling users to transfer their crypto assets with ease.
The platform concentrates on providing a well-rounded experience for its users. You will discover everything that a crypto owner or an investor would possibly need. Simply put, YouHodler offers a range of services that lets you harness your digital assets.
YouHodler’s wallet is designed with simplicity and performance in mind. You can transfer your cryptocurrency, transform it to fiat, and hold the funds for investment functions in your wallet. The business uses dedicated wallet designs for Bitcoin and over 14 other popular cryptocurrencies.
Is YouHodler legitimate? Twitter Youhodler
Possibly the most noteworthy function at YouHodler is its capability to offer you loans. A financier might consider these financing chances as a means of hedging. Most importantly, it gives you access to a versatile path to enter 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 removes a huge part of the risk that accompanies financial investment choices.
YouHodler is unquestionably a leading player in this space– not least because it uses a top-rate loan-to-value ratio of approximately 90%. Surpassing its competitors, YouHodler accepts 15 various digital coins as collateral.
Users can get 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 fairly 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 procedure that YouHodler has in place.
YouHodler gives you a couple of options to select how you wish to back your loan. You can make an application for a loan amount in fiat or Bitcoin– and you use multiple altcoins as collateral.
The preliminary application process works as follows:
Make a demand using your crypto properties as security
Quickly get an agreed loan amount in fiat (USD, EURO, and Stablecoins, Bitcoin).
Once you pay back the loan, you will instantly get the collateral back, regardless of whether its value has actually increased.
As you can see from the above, the process is as seamless as it could be. The business does not carry out any credit rating checks or require time to think about whether you are eligible for a loan. On the contrary, if you have enough collateral and a confirmed account, you are excellent to go.
How do you get paid on YouHodler?
Loan Terms and Quantities.
YouHodler has various bundles for loans that include predefined terms.
There are 3 options for loan durations:.
Thirty days– 90% LTV.
60 days– 70% LTV.
180 days– 50% LTV.
Your rate of interest is not identified by the quantity of collateral that you put up. Rather, it depends on the type of plan you select.
YouHodler uses the exact same rate of interest for all its users. As the community grows, the service provider hopes that its rate of interest will also drop accordingly. YouHodler also has an affiliate program to encourage its users to welcome others to join the platform to help accelerate this objective.
Pros of YouHodler:.
Strong Security. YouHodler put in place numerous methods to keep your funds safe..
Solid Insurance coverage. Crypto assets are insured for as much as $150 million.
Stablecoin Interest. YouHodler uses a few of the best rate of interest for stablecoins.
Unique Features. You’ll find cool products such as the Multi HODL and the Turbocharge, which you will not find anywhere else.
Versatile Terms. You can increase the duration of your loans at any time.
High LTV. The top 20 coins can be used as collateral with 90% loan-to-value.
Is CoinLoan safe?
Cons of YouHodler:.
Seniority. YouHodler was founded in 2018, which is quite recent compared to its rivals.
Currencies to Obtain. Depending on the currencies you use as collateral, you can only get loans in USD, EUR, GBP, and BTC..
Year founded: 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 available 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 lending.
Cryptocurrencies are volatile animals. To earn a profit, you need to be good at trading them or just hold and hope your crypto gains in value. Neither approach is particularly easy to do because of volatility.
What if you might just transfer your crypto someplace and make interest on it. This way, if the cost increases by a small amount or not at all, you can still earn a profit. That’s what YouHodler does. It pays high interest on savings. If you’re in the market for a crypto-backed loan, Youhodler can handle 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. Twitter Youhodler
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 along with in about a lots other countries.