Looking for Youhodler —Ç–Æ–π–Æ—Ç–∞ –¥–∏–º–∞…YouHodler is a Swiss-based company that serves as a crypto-backed loan company. One of its main concepts is that you can still HODL, without having to wait for a spike to sell.
It permits users to borrow fiat funds instantly, based upon the worth of their cryptocurrency possession holdings. Apart from that, one can transform crypto to crypto, crypto to fiat, and also engage with stablecoins.
The most beneficial feature would be the option to withdraw fiat to an individual savings account or individual charge card. Users can likewise 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 effective and quick, enabling users to transfer their crypto assets with ease.
The platform focuses on delivering a well-rounded experience for its users. You will find whatever that a crypto owner or a financier would potentially require. In other words, YouHodler provides a range 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 purposes in your wallet. The company provides devoted wallet designs for Bitcoin and over 14 other popular cryptocurrencies.
Is YouHodler legitimate? Youhodler —Ç–Æ–π–Æ—Ç–∞ –¥–∏–º–∞
Perhaps the most significant feature at YouHodler is its capability to provide you loans. An investor could think about these financing chances 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 line of credit, you can get fiat when you require it without touching your crypto portfolio at all. It eliminates a big part of the risk that accompanies investment choices.
YouHodler is undoubtedly a leading gamer in this area– not least since it provides a top-rate loan-to-value ratio of up to 90%. Surpassing its rivals, YouHodler accepts 15 different digital coins as collateral.
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 fairly reasonably at 12% APR. If you are taking out a short-term loan, you might get your interest rate 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 choose how you wish to back your loan. You can apply for a loan amount in fiat or Bitcoin– and you use several altcoins as collateral.
The preliminary application process works as follows:
Make a request utilizing your crypto properties as collateral
Immediately get an agreed loan quantity in fiat (USD, EURO, and Stablecoins, Bitcoin).
Once you pay back the loan, you will right away get the collateral back, regardless of whether its worth has increased.
As you can see from the above, the process is as smooth as it could be. The business does not perform any credit rating checks or take time to consider whether you are qualified for a loan. On the contrary, if you have sufficient collateral and a confirmed account, you are great to go.
How do you get paid on YouHodler?
Loan Terms and Quantities.
YouHodler has various bundles for loans that come with predefined terms.
There are three choices for loan periods:.
Thirty days– 90% LTV.
60 days– 70% LTV.
180 days– 50% LTV.
Your rates of interest is not determined by the amount of security that you put up. Instead, it depends on the kind of plan you pick.
YouHodler offers the exact same rates of interest for all its users. As the community grows, the service provider hopes that its rates of interest will likewise drop appropriately. YouHodler also has an affiliate program to motivate its users to welcome others to sign up with the platform to assist accelerate this objective.
Pros of YouHodler:.
Strong Security. YouHodler put in place numerous ways to keep your funds safe..
Strong Insurance. Crypto possessions are guaranteed for approximately $150 million.
Stablecoin Interest. YouHodler provides a few of the very best rate of interest for stablecoins.
Unique Functions. You’ll discover cool products such as the Multi HODL and the Turbocharge, which you won’t find anywhere else.
Flexible Terms. You can increase the duration 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 Obtain. Depending upon the currencies you utilize as security, you can only receive 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 available for loaning: BTC, BCH, BNB, ETH, LTC, XLM, XRP, DASH, HT, REP, and 15 other popular coins with the list growing.
Type of service: Direct financing.
Cryptocurrencies are unstable animals. To make a profit, you need to be good at trading them or just hold and hope your crypto gains in value. Neither method is especially easy to do because of volatility.
If you might simply deposit your crypto somewhere and make interest on it, what. By doing this, if the rate 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. If you remain in the marketplace for a crypto-backed loan, Youhodler can handle that likewise given that it lends out its crypto on deposits. Let’s see how it works.
YouHodler is a cryptocurrency exchange that focuses on crypto lending and high-interest savings for Hodlers. YouHodler is based in Limassol, Limassol, Cyprus. Youhodler —Ç–Æ–π–Æ—Ç–∞ –¥–∏–º–∞
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 lots other nations.