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Looking for Using Blockfi Reddit…YouHodler is a Swiss-based company that serves as a crypto-backed loan company. One of its main principles is that you can still HODL, without needing to wait on a spike to offer. It permits users to borrow fiat funds quickly, based on the value of their cryptocurrency property holdings. Apart from that, one can convert crypto to crypto, crypto to fiat, and likewise engage with stablecoins. The most beneficial feature would be the option to withdraw fiat to a personal bank account or individual credit card. Users can also 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 quick and efficient, allowing users to move their crypto properties with ease. The platform focuses on providing a well-rounded experience for its users. You will find everything that a crypto owner or a financier would possibly require. Simply put, YouHodler provides a range of services that lets you harness your digital possessions. YouHodler Wallet YouHodler’s wallet is developed with simpleness and efficiency in mind. You can transfer your cryptocurrency, convert 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? Using Blockfi Reddit

 

Perhaps the most significant function at YouHodler is its ability to offer you loans. A financier might think about these funding opportunities as a means of hedging. Most importantly, it provides you access to a flexible path to get in 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 gets rid of a huge part of the risk that accompanies financial investment choices.   YouHodler is undoubtedly a leading gamer in this space– not least because it provides a top-rate loan-to-value ratio of up to 90%. Surpassing its competitors, YouHodler accepts 15 different digital coins as security. Users can receive both immediate cash 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 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 alternatives to pick how you wish to back your loan. You can look for a loan amount in fiat or Bitcoin– and you use several altcoins as security. The initial application process works as follows: Make a request utilizing your crypto properties as security Quickly receive an agreed loan amount in fiat (USD, EURO, and Stablecoins, Bitcoin). As soon as you pay back the loan, you will right away get the collateral back, despite whether its worth has actually increased. As you can see from the above, the procedure is as smooth as it could be. The company does not perform any credit history checks or take time to think about whether you are eligible for a loan. On the contrary, if you have enough security and a verified account, you are excellent to go.  

How do you get paid on YouHodler?

 
  • Loan Terms and Amounts. YouHodler has different bundles for loans that feature predefined terms. There are 3 choices for loan durations:. 30 days– 90% LTV. 60 days– 70% LTV. 180 days– 50% LTV. Your interest rate is not figured out by the quantity of collateral that you installed. Rather, it depends upon the kind of plan you choose. YouHodler uses the exact same rates of interest for all its users. As the community grows, the provider hopes that its rate of interest will also drop accordingly. YouHodler also has an affiliate program to motivate 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 methods to keep your funds safe.. Strong Insurance coverage. Crypto possessions are guaranteed for approximately $150 million. Stablecoin Interest. YouHodler uses a few of the best rate of interest for stablecoins. Special Features. You’ll discover cool items such as the Multi HODL and the Turbocharge, which you won’t discover anywhere else. Versatile Terms. You can increase the period of your loans at any time. High LTV. The top 20 coins can be utilized as collateral 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 competitors. Currencies to Obtain. Depending on the currencies you utilize as collateral, you can just get loans in USD, EUR, GBP, and BTC.. Year founded: 2018. Headquarters: Cyprus and Switzerland. Licenses: European Union Financial Commission. Currencies offered to make 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, ASSOCIATE, and 15 other popular coins with the list growing. Type of service: Direct loaning. Cryptocurrencies are unstable animals. To make a profit, you need to be proficient at trading them or simply hold and hope your crypto gains in value. Neither approach is especially easy to do because of volatility. What if you might just deposit your crypto someplace and make interest on it. In this manner, if the rate increases by a small amount or not at all, you can still make a profit. That’s what YouHodler does. It pays high interest on savings. If you’re in the marketplace for a crypto-backed loan, Youhodler can manage that likewise because it lends out its crypto on deposits. Let’s see how it works. YouHodler is a cryptocurrency exchange that specializes in crypto lending and high-interest cost savings for Hodlers. YouHodler is based in Limassol, Limassol, Cyprus. Using Blockfi Reddit 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 along with in about a dozen other countries.