Looking for What Are Exchange Fees…YouHodler is a Swiss-based company that serves as a crypto-backed loan provider. Among its main principles is that you can still HODL, without having to wait for a spike to sell.
It permits users to obtain fiat funds quickly, based upon 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 beneficial function would be the option to withdraw fiat to an individual checking account or personal charge 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 fast and effective, enabling users to transfer their crypto properties with ease.
The platform focuses on delivering a well-rounded experience for its users. You will find everything that a crypto owner or a financier would potentially need. In other words, YouHodler uses a variety of services that lets you harness your digital assets.
YouHodler’s wallet is created with simplicity and performance in mind. You can transfer your cryptocurrency, transform it to fiat, and hold the funds for financial investment functions in your wallet. The business provides dedicated wallet styles for Bitcoin and over 14 other popular cryptocurrencies.
Is YouHodler legitimate? What Are Exchange Fees
Possibly the most notable function at YouHodler is its capability to offer you loans. An investor could think about these financing opportunities as a means of hedging. Most importantly, it offers you access to a versatile course 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 gets rid of a big part of the threat that accompanies investment options.
YouHodler is certainly a leading gamer in this space– not least since it uses a top-rate loan-to-value ratio of approximately 90%. Outpacing its rivals, YouHodler accepts 15 various 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 interest rates on crypto loans are fairly reasonably at 12% APR. If you are taking out a short-term loan, you could get your rate of interest as low as 2.5%.
Now let’s break down the loan procedure that YouHodler has in place.
YouHodler provides you a couple of choices to choose how you wish to back your loan. You can get a loan amount in fiat or Bitcoin– and you use several altcoins as security.
The preliminary application process works as follows:
Make a demand using your crypto properties as collateral
Quickly get an agreed loan amount in fiat (USD, EURO, and Stablecoins, Bitcoin).
Once you pay back the loan, you will right away get the security back, despite whether its worth has actually increased.
As you can see from the above, the process is as smooth as it could be. The company does not carry out any credit rating checks or take some time to consider whether you are qualified for a loan. On the contrary, if you have adequate security and a confirmed account, you are excellent to go.
How do you get paid on YouHodler?
Loan Terms and Amounts.
YouHodler has various packages for loans that include predefined terms.
There are three options for loan periods:.
Thirty days– 90% LTV.
60 days– 70% LTV.
180 days– 50% LTV.
Your interest rate is not figured out by the amount of collateral that you put up. Instead, it depends on the type of strategy you select.
YouHodler uses the exact same rates of interest for all its users. As the neighborhood grows, the company hopes that its rates of interest will likewise drop accordingly. YouHodler likewise has an affiliate program to encourage its users to welcome others to sign up with the platform to assist accelerate this goal.
Pros of YouHodler:.
Strong Security. YouHodler put in place lots of methods to keep your funds safe..
Solid Insurance coverage. Crypto properties are guaranteed for up to $150 million.
Stablecoin Interest. YouHodler uses some of the best rates of interest for stablecoins.
Special Functions. You’ll find cool items such as the Multi HODL and the Turbocharge, which you will not discover anywhere else.
Versatile Terms. You can increase the period of your loans at any time.
High LTV. The leading 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 quite recent compared to its rivals.
Currencies to Borrow. Depending upon the currencies you use 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 available to make 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, REP, and 15 other popular coins with the list growing.
Kind of service: Direct financing.
Cryptocurrencies are unpredictable animals. To earn a profit, you need to be proficient at trading them or simply hold and hope your crypto gains in value. Neither technique is particularly easy to do because of volatility.
What if you might just deposit your crypto somewhere and earn interest on it. In this manner, if the price 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 cost savings. Youhodler can handle that also because it lends out its crypto on deposits if you’re in the market for a crypto-backed loan. Let’s see how it works.
YouHodler is a cryptocurrency exchange that focuses on crypto loaning and high-interest cost savings for Hodlers. YouHodler is based in Limassol, Limassol, Cyprus. What Are Exchange Fees
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 dozen other countries.