Looking for Where To Loan Crypto Bitmex…YouHodler is a Swiss-based business that functions as a crypto-backed loan provider. One of its primary concepts is that you can still HODL, without needing to wait on a spike to sell.
It permits users to borrow fiat funds immediately, based on the value of their cryptocurrency asset holdings. Apart from that, one can transform crypto to crypto, crypto to fiat, and also engage with stablecoins.
The most helpful feature would be the alternative to withdraw fiat to a personal savings account or personal credit card. Users can also hold their cryptocurrency in a YouHodler savings account.
It wouldn’t be far-fetched to consider 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 delivering a well-rounded experience for its users. You will find whatever that a crypto owner or an investor would perhaps require. To put it simply, YouHodler uses a variety of services that lets you harness your digital possessions.
YouHodler’s wallet is developed with simplicity and effectiveness in mind. You can transfer your cryptocurrency, convert it to fiat, and hold the funds for investment functions in your wallet. The company uses devoted wallet styles for Bitcoin and over 14 other popular cryptocurrencies.
Is YouHodler legitimate? Where To Loan Crypto Bitmex
Perhaps the most noteworthy function at YouHodler is its capability to use you loans. A financier might consider these financing chances as a means of hedging. Crucially, it gives you access to a versatile path to go into 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 threat that accompanies investment choices.
YouHodler is undoubtedly a leading player in this space– not least because it offers a top-rate loan-to-value ratio of up to 90%. Surpassing its competitors, YouHodler accepts 15 various digital coins as security.
Users can get both instant cash 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 could get your rates of interest as low as 2.5%.
Now let’s break down the loan process that YouHodler has in place.
YouHodler provides you a few choices to pick how you want to back your loan. You can apply for a loan amount in fiat or Bitcoin– and you utilize numerous altcoins as collateral.
The initial application process works as follows:
Make a request utilizing your crypto possessions as security
Instantly get an agreed loan quantity in fiat (USD, EURO, and Stablecoins, Bitcoin).
Once you repay the loan, you will instantly get the security back, regardless of whether its value has increased.
As you can see from the above, the procedure is as seamless as it could be. The business does not carry out any credit score checks or take some time to think about whether you are qualified for a loan. On the contrary, if you have adequate collateral and a verified account, you are excellent to go.
How do you get paid on YouHodler?
Loan Terms and Amounts.
YouHodler has various bundles for loans that include predefined terms.
There are 3 options for loan periods:.
Thirty days– 90% LTV.
60 days– 70% LTV.
180 days– 50% LTV.
Your rate of interest is not determined by the quantity of security that you set up. Rather, it depends upon the kind of plan you choose.
YouHodler uses the very same rates of interest for all its users. As the community grows, the company hopes that its rate of interest will also drop accordingly. YouHodler likewise 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 lots of methods to keep your funds safe..
Solid Insurance. Crypto assets are insured for up to $150 million.
Stablecoin Interest. YouHodler uses some of the best rates of interest for stablecoins.
Distinct Features. You’ll find cool items such as the Multi HODL and the Turbocharge, which you won’t find 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 rather recent compared to its rivals.
Currencies to Obtain. Depending upon the currencies you utilize as security, you can only receive loans in USD, EUR, GBP, and BTC..
Year established: 2018.
Headquarters: Cyprus and Switzerland.
Licenses: European Union Financial Commission.
Currencies readily available to earn 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.
Kind of service: Direct financing.
Cryptocurrencies are unstable creatures. To make a profit, you need to be proficient at trading them or just hold and hope your crypto gains in worth. Due to the fact that of volatility, neither technique is especially simple to do.
What if you could just deposit your crypto someplace and make interest on it. This way, if the price boosts 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. Youhodler can handle that also because it loans 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 concentrates on crypto financing and high-interest cost savings for Hodlers. YouHodler is based in Limassol, Limassol, Cyprus. Where To Loan Crypto Bitmex
The business’s CEO is Ilya Volkov. YouHodler is an official Blockchain Association member of the Financial Commission. YouHodler is not readily available in the United States in addition to in about a dozen other countries.