Looking for Youhodler Available Countries…YouHodler is a Swiss-based business that works as a crypto-backed loan provider. Among its primary concepts is that you can still HODL, without needing to wait on a spike to sell.
It enables users to obtain fiat funds immediately, based on the worth of their cryptocurrency property holdings. Apart from that, one can transform 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 bank account or personal credit card. Users can also hold their cryptocurrency in a YouHodler savings account.
It would not be improbable to consider YouHodler as a bank for your cryptocurrency. It is effective and quick, enabling users to move their crypto assets with ease.
The platform concentrates on providing a well-rounded experience for its users. You will find everything that a crypto owner or an investor would perhaps require. To put it simply, YouHodler offers a range of services that lets you harness your digital assets.
YouHodler’s wallet is designed with simpleness and performance in mind. You can move your cryptocurrency, transform it to fiat, and hold the funds for investment functions in your wallet. The business uses devoted wallet designs for Bitcoin and over 14 other popular cryptocurrencies.
Is YouHodler legitimate? Youhodler Available Countries
Perhaps the most notable feature at YouHodler is its capability to offer you loans. A financier might consider these funding chances as a means of hedging. Crucially, it gives you access to a flexible path 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 eliminates a huge part of the risk that accompanies financial investment choices.
YouHodler is unquestionably a leading player in this space– not least because it offers a top-rate loan-to-value ratio of approximately 90%. Outpacing its competitors, YouHodler accepts 15 different digital coins as security.
Users can get both instantaneous 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 could get your interest rate as low as 2.5%.
Now let’s break down the loan process that YouHodler has in place.
YouHodler offers you a few choices to choose how you wish to back your loan. You can get a loan quantity in fiat or Bitcoin– and you utilize several altcoins as collateral.
The initial application process works as follows:
Make a request using your crypto possessions as collateral
Immediately get an agreed loan amount in fiat (USD, EURO, and Stablecoins, Bitcoin).
When you pay back the loan, you will immediately get the collateral back, despite whether its worth 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 rating checks or require time to consider whether you are eligible for a loan. On the contrary, if you have adequate security and a validated account, you are excellent to go.
How do you get paid on YouHodler?
Loan Terms and Quantities.
YouHodler has various plans for loans that feature predefined terms.
There are 3 alternatives for loan durations:.
1 month– 90% LTV.
60 days– 70% LTV.
180 days– 50% LTV.
Your interest rate is not determined by the quantity of security that you installed. Rather, it depends on the kind of strategy you pick.
YouHodler uses the exact same rates of interest for all its users. As the community grows, the company hopes that its rates of interest will likewise drop appropriately. YouHodler also has an affiliate program to encourage its users to welcome others to join the platform to assist accelerate this goal.
Pros of YouHodler:.
Strong Security. YouHodler put in place numerous methods to keep your funds safe..
Strong Insurance. Crypto possessions are guaranteed for as much as $150 million.
Stablecoin Interest. YouHodler uses a few of the very best rates of interest for stablecoins.
Special Functions. You’ll discover cool products 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 quite current compared to its competitors.
Currencies to Obtain. Depending upon the currencies you utilize as security, you can just receive loans in USD, EUR, GBP, and BTC..
Year founded: 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 readily available 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 lending.
Cryptocurrencies are unstable creatures. To make a profit, you have to be proficient at trading them or just hold and hope your crypto gains in worth. Due to the fact that of volatility, neither method is particularly easy to do.
What if you might simply deposit your crypto someplace and make 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 considering that 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 lending and high-interest cost savings for Hodlers. YouHodler is based in Limassol, Limassol, Cyprus. Youhodler Available Countries
The company’s CEO is Ilya Volkov. YouHodler is a main Blockchain Association member of the Financial Commission. YouHodler is not offered in the United States in addition to in about a dozen other countries.