Looking for Youhodler Bitcoin Promotion…YouHodler is a Swiss-based company that acts as a crypto-backed loan service provider. One of its main ideas is that you can still HODL, without having to wait on a spike to offer.
It enables users to obtain fiat funds immediately, based on the worth 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 function would be the alternative to withdraw fiat to an individual savings account or personal charge card. Users can also hold their cryptocurrency in a YouHodler savings account.
It would not be improbable to think about YouHodler as a bank for your cryptocurrency. It is quick and effective, permitting users to move their crypto possessions with ease.
The platform focuses on providing a well-rounded experience for its users. You will find everything that a crypto owner or an investor would potentially need. In other words, YouHodler provides a variety of services that lets you harness your digital possessions.
YouHodler’s wallet is developed with simplicity and performance in mind. You can transfer your cryptocurrency, convert it to fiat, and hold the funds for financial investment functions in your wallet. The business uses dedicated wallet styles for Bitcoin and over 14 other popular cryptocurrencies.
Is YouHodler legitimate? Youhodler Bitcoin Promotion
Possibly the most significant feature at YouHodler is its ability to provide you loans. A financier could consider these financing chances as a means of hedging. Most importantly, it offers 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 require it without touching your crypto portfolio at all. It removes a big part of the threat that accompanies financial investment choices.
YouHodler is certainly a leading gamer in this area– not least due to the fact that it offers a top-rate loan-to-value ratio of approximately 90%. Outpacing its competitors, YouHodler accepts 15 various digital coins as collateral.
Users can receive both instant 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 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 location.
YouHodler gives you a few options to choose how you wish to back your loan. You can obtain a loan amount in fiat or Bitcoin– and you utilize numerous altcoins as collateral.
The initial application process works as follows:
Make a request using your crypto properties as collateral
Quickly receive an agreed loan amount in fiat (USD, EURO, and Stablecoins, Bitcoin).
When you pay back the loan, you will right away 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 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 good 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 three choices for loan durations:.
1 month– 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 upon the kind of strategy you pick.
YouHodler offers the very same interest rate for all its users. As the community grows, the supplier hopes that its rates of interest will also drop appropriately. 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 numerous methods to keep your funds safe..
Strong Insurance. Crypto assets are guaranteed for approximately $150 million.
Stablecoin Interest. YouHodler provides some of the best rates of interest for stablecoins.
Unique Functions. You’ll find cool items such as the Multi HODL and the Turbocharge, which you will not find anywhere else.
Versatile Terms. You can increase the period of your loans at any time.
High LTV. The leading 20 coins can be used as security with 90% loan-to-value.
Is CoinLoan safe?
Cons of YouHodler:.
Seniority. YouHodler was founded in 2018, which is quite recent compared to its competitors.
Currencies to Obtain. Depending upon 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 offered to make interest: Fiat (USD, EUR, CHF, GBP), crypto (BTC), and stablecoin loans (USDT, USDC, TUSD, PAX, PAXG).
Currencies available for borrowing: BTC, BCH, BNB, ETH, LTC, XLM, XRP, DASH, HT, ASSOCIATE, and 15 other popular coins with the list growing.
Type of service: Direct financing.
Cryptocurrencies are unstable animals. To earn a profit, you need to be good at trading them or just hold and hope your crypto gains in value. Neither technique is especially easy to do because of volatility.
If you could just transfer your crypto somewhere and make interest on it, what. This way, if the rate boosts by a percentage or not at all, you can still earn a profit. That’s what YouHodler does. It pays high interest on savings. If you remain in the market for a crypto-backed loan, Youhodler can handle that also given that it lends out its crypto on deposits. 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 Bitcoin Promotion
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 along with in about a dozen other countries.