Looking for Youhodler Compound Interest Calculator…YouHodler is a Swiss-based company that serves as a crypto-backed loan service provider. One of its primary principles is that you can still HODL, without having to wait for a spike to offer.
It allows users to borrow fiat funds quickly, based on the value of their cryptocurrency possession holdings. Apart from that, one can convert crypto to crypto, crypto to fiat, and also engage with stablecoins.
The most helpful feature would be the option to withdraw fiat to an individual savings account or individual 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, permitting users to move their crypto properties with ease.
The platform concentrates on delivering a well-rounded experience for its users. You will discover whatever that a crypto owner or a financier would potentially require. Simply put, YouHodler offers a variety of services that lets you harness your digital possessions.
YouHodler’s wallet is created with simpleness and performance in mind. You can transfer your cryptocurrency, transform it to fiat, and hold the funds for investment functions in your wallet. The business provides devoted wallet styles for Bitcoin and over 14 other popular cryptocurrencies.
Is YouHodler legitimate? Youhodler Compound Interest Calculator
Maybe the most noteworthy function at YouHodler is its ability to offer you loans. A financier could think about these funding opportunities 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 need it without touching your crypto portfolio at all. It gets rid of a huge part of the danger that accompanies financial investment options.
YouHodler is undoubtedly a leading gamer in this space– not least since it provides a top-rate loan-to-value ratio of as much as 90%. Exceeding 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 might get your rate of interest as low as 2.5%.
Now let’s break down the loan procedure that YouHodler has in place.
YouHodler gives you a few choices to select how you want to back your loan. You can get a loan quantity in fiat or Bitcoin– and you use numerous altcoins as collateral.
The preliminary application procedure works as follows:
Make a demand utilizing your crypto properties as collateral
Instantly get an agreed loan amount in fiat (USD, EURO, and Stablecoins, Bitcoin).
As soon as you pay back the loan, you will immediately get the security back, regardless of whether its value has actually increased.
As you can see from the above, the procedure is as seamless as it could be. The company 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 security and a verified account, you are great to go.
How do you get paid on YouHodler?
Loan Terms and Quantities.
YouHodler has different bundles for loans that include predefined terms.
There are three alternatives for loan periods:.
One month– 90% LTV.
60 days– 70% LTV.
180 days– 50% LTV.
Your rate of interest is not determined by the quantity of security that you installed. Rather, it depends upon the kind of strategy you choose.
YouHodler provides the very same rates of interest for all its users. As the neighborhood grows, the service provider hopes that its rates of interest will also drop appropriately. YouHodler also has an affiliate program to encourage its users to welcome others to join 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 properties are guaranteed for as much as $150 million.
Stablecoin Interest. YouHodler uses a few of the best rates of interest for stablecoins.
Special Functions. You’ll find cool products such as the Multi HODL and the Turbocharge, which you won’t find anywhere else.
Flexible Terms. You can increase the period of your loans at any time.
High LTV. The leading 20 coins can be utilized 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 utilize as collateral, 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 offered for borrowing: BTC, BCH, BNB, ETH, LTC, XLM, XRP, DASH, HT, ASSOCIATE, and 15 other popular coins with the list growing.
Kind of service: Direct loaning.
Cryptocurrencies are unstable animals. To earn a profit, you have to be proficient at trading them or just hold and hope your crypto gains in value. Neither approach is particularly easy to do because of volatility.
If you could simply deposit your crypto someplace and earn interest on it, what. This way, if the cost 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 manage that likewise since 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 Compound Interest Calculator
The business’s CEO is Ilya Volkov. YouHodler is an official Blockchain Association member of the Financial Commission. YouHodler is not available in the United States along with in about a dozen other nations.