Looking for Youhodler Credit Card Annual Fee…YouHodler is a Swiss-based company that works as a crypto-backed loan company. Among its primary principles is that you can still HODL, without needing to await a spike to sell.
It enables users to borrow fiat funds immediately, based upon the value of their cryptocurrency asset holdings. Apart from that, one can transform crypto to crypto, crypto to fiat, and likewise engage with stablecoins.
The most helpful feature would be the choice to withdraw fiat to an individual savings account or personal charge 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, allowing users to move their crypto properties 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. To put it simply, YouHodler provides a variety of services that lets you harness your digital assets.
YouHodler’s wallet is developed with simplicity and efficiency in mind. You can move your cryptocurrency, convert it to fiat, and hold the funds for investment functions in your wallet. The company provides devoted wallet styles for Bitcoin and over 14 other popular cryptocurrencies.
Is YouHodler legitimate? Youhodler Credit Card Annual Fee
Maybe the most noteworthy function at YouHodler is its ability to provide you loans. A financier could think about these financing chances as a means of hedging. Most importantly, it gives you access to a versatile course to go into 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 eliminates a big part of the threat that accompanies investment choices.
YouHodler is unquestionably a leading player in this area– not least due to the fact that it uses a top-rate loan-to-value ratio of approximately 90%. Outpacing its competitors, YouHodler accepts 15 various digital coins as security.
Users can get 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 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 procedure that YouHodler has in place.
YouHodler provides you a couple of alternatives to choose how you wish to back your loan. You can get a loan quantity in fiat or Bitcoin– and you utilize numerous altcoins as security.
The initial application process works as follows:
Make a demand using your crypto assets as collateral
Instantly receive an agreed loan quantity in fiat (USD, EURO, and Stablecoins, Bitcoin).
As soon as you pay back the loan, you will instantly get the security back, no matter 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 report checks or take time to think about whether you are eligible for a loan. On the contrary, if you have enough security and a verified account, you are excellent to go.
How do you get paid on YouHodler?
Loan Terms and Amounts.
YouHodler has various packages for loans that come with predefined terms.
There are 3 choices 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 quantity of collateral that you set up. Instead, it depends upon the type of strategy you choose.
YouHodler offers the same rate of interest for all its users. As the community grows, the provider hopes that its interest rates will likewise drop accordingly. YouHodler likewise has an affiliate program to encourage 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 lots of methods to keep your funds safe..
Solid Insurance. Crypto possessions are guaranteed for as much as $150 million.
Stablecoin Interest. YouHodler uses some of the very best interest rates for stablecoins.
Special Features. You’ll find cool products such as the Multi HODL and the Turbocharge, which you will not discover anywhere else.
Versatile Terms. You can increase the period 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 rather current compared to its competitors.
Currencies to Obtain. Depending on the currencies you utilize as collateral, you can just receive loans in USD, EUR, GBP, and BTC..
Year established: 2018.
Head office: Cyprus and Switzerland.
Licenses: European Union Financial Commission.
Currencies offered to earn 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, REPRESENTATIVE, and 15 other popular coins with the list growing.
Type of service: Direct loaning.
Cryptocurrencies are unstable creatures. To earn a profit, you need to be good at trading them or just hold and hope your crypto gains in worth. Because of volatility, neither method is especially simple to do.
What if you could just deposit your crypto somewhere and earn interest on it. It pays high interest on cost savings. If you’re in the market for a crypto-backed loan, Youhodler can deal with that likewise since it lends out its crypto on deposits.
YouHodler is a cryptocurrency exchange that focuses on crypto financing and high-interest savings for Hodlers. YouHodler is based in Limassol, Limassol, Cyprus. Youhodler Credit Card Annual Fee
The business’s CEO is Ilya Volkov. YouHodler is an official Blockchain Association member of the Financial Commission. YouHodler is not offered in the United States along with in about a dozen other nations.