Looking for Youhodler Countries Supported…YouHodler is a Swiss-based company that serves as a crypto-backed loan service provider. Among its primary ideas is that you can still HODL, without having to wait for a spike to offer.
It enables users to obtain fiat funds immediately, based upon the value of their cryptocurrency property holdings. Apart from that, one can convert crypto to crypto, crypto to fiat, and also engage with stablecoins.
The most useful function would be the choice to withdraw fiat to an individual checking account or personal charge card. Users can also hold their cryptocurrency in a YouHodler savings account.
It would not be far-fetched to think about YouHodler as a bank for your cryptocurrency. It is effective and quick, allowing users to transfer their crypto assets with ease.
The platform focuses on providing a well-rounded experience for its users. You will discover everything that a crypto owner or an investor would potentially require. Simply put, YouHodler offers a variety of services that lets you harness your digital properties.
YouHodler’s wallet is designed with simplicity and efficiency in mind. You can transfer your cryptocurrency, transform it to fiat, and hold the funds for investment functions in your wallet. The company provides dedicated wallet designs for Bitcoin and over 14 other popular cryptocurrencies.
Is YouHodler legitimate? Youhodler Countries Supported
Possibly the most significant feature at YouHodler is its capability to use you loans. A financier could consider these funding opportunities as a means of hedging. Crucially, it gives you access to a flexible course to enter 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 threat that accompanies financial investment choices.
YouHodler is unquestionably a leading gamer in this space– not least because it uses a top-rate loan-to-value ratio of up to 90%. Surpassing 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 interest rates on crypto loans are relatively 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 options to pick how you want to back your loan. You can apply for a loan quantity in fiat or Bitcoin– and you utilize numerous altcoins as security.
The preliminary application process works as follows:
Make a request using your crypto properties as security
Immediately get an agreed loan quantity in fiat (USD, EURO, and Stablecoins, Bitcoin).
When you repay the loan, you will immediately get the security back, despite whether its worth has increased.
As you can see from the above, the process is as smooth as it could be. The company does not perform any credit history checks or take some time to consider whether you are qualified for a loan. On the contrary, if you have sufficient collateral and a confirmed account, you are excellent to go.
How do you get paid on YouHodler?
Loan Terms and Quantities.
YouHodler has different packages for loans that include predefined terms.
There are three alternatives for loan periods:.
1 month– 90% LTV.
60 days– 70% LTV.
180 days– 50% LTV.
Your rate of interest is not figured out by the amount of security that you set up. Instead, it depends upon the type of plan you choose.
YouHodler uses the very same rate of interest for all its users. As the neighborhood grows, the company hopes that its rates of interest will also drop accordingly. YouHodler likewise has an affiliate program to encourage its users to invite others to join the platform to help accelerate this goal.
Pros of YouHodler:.
Strong Security. YouHodler put in place lots of ways to keep your funds safe..
Solid Insurance. Crypto assets are insured for as much as $150 million.
Stablecoin Interest. YouHodler uses some of the best rate of interest for stablecoins.
Special Features. 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 period of your loans at any time.
High LTV. The leading 20 coins can be used 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 competitors.
Currencies to Obtain. Depending on the currencies you use as security, you can only get 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 available for borrowing: 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 unpredictable creatures. To make a profit, you have to be proficient at trading them or simply hold and hope your crypto gains in worth. Neither method is particularly easy to do because of volatility.
What if you could just deposit your crypto someplace and make interest on it. It pays high interest on savings. If you’re in the market for a crypto-backed loan, Youhodler can manage that also considering that it loans out its crypto on deposits.
YouHodler is a cryptocurrency exchange that specializes in crypto lending and high-interest savings for Hodlers. YouHodler is based in Limassol, Limassol, Cyprus. Youhodler Countries Supported
The business’s CEO is Ilya Volkov. YouHodler is a main Blockchain Association member of the Financial Commission. YouHodler is not offered in the United States as well as in about a dozen other countries.