Looking for Youhodler Credit Card Reddit…YouHodler is a Swiss-based business that works as a crypto-backed loan company. One of its primary ideas is that you can still HODL, without needing to wait for a spike to sell.
It enables users to obtain fiat funds instantly, based upon the value of their cryptocurrency property holdings. Apart from that, one can transform crypto to crypto, crypto to fiat, and also engage with stablecoins.
The most advantageous function would be the option to withdraw fiat to a personal checking account or personal credit card. Users can also hold their cryptocurrency in a YouHodler savings account.
It wouldn’t be improbable to consider YouHodler as a bank for your cryptocurrency. It is quick and effective, permitting users to move their crypto assets with ease.
The platform focuses on providing a well-rounded experience for its users. You will discover whatever that a crypto owner or an investor would perhaps require. To put it simply, YouHodler offers a variety of services that lets you harness your digital assets.
YouHodler’s wallet is designed with simpleness and efficiency in mind. You can move your cryptocurrency, transform it to fiat, and hold the funds for investment purposes in your wallet. The business offers devoted wallet designs for Bitcoin and over 14 other popular cryptocurrencies.
Is YouHodler legitimate? Youhodler Credit Card Reddit
Possibly the most noteworthy function at YouHodler is its capability to offer you loans. An investor might consider these funding chances as a means of hedging. Crucially, 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 gets rid of a big part of the risk that accompanies investment choices.
YouHodler is unquestionably a leading player in this space– not least due to the fact that it provides a top-rate loan-to-value ratio of up to 90%. Outpacing its competitors, YouHodler accepts 15 different digital coins as collateral.
Users can get both immediate money 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 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 offers you a few choices to choose how you wish to back your loan. You can get a loan amount in fiat or Bitcoin– and you utilize several altcoins as security.
The preliminary application process works as follows:
Make a demand utilizing your crypto possessions as security
Instantly get an agreed loan quantity in fiat (USD, EURO, and Stablecoins, Bitcoin).
Once you repay the loan, you will immediately 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 company does not carry out any credit history checks or take time to consider whether you are eligible for a loan. On the contrary, if you have adequate collateral and a confirmed 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 alternatives for loan periods:.
30 days– 90% LTV.
60 days– 70% LTV.
180 days– 50% LTV.
Your rates of interest is not identified by the quantity of collateral that you installed. Rather, it depends on the kind of strategy you pick.
YouHodler offers the exact same interest rate for all its users. As the community grows, the supplier hopes that its rate of interest will likewise drop accordingly. YouHodler likewise has an affiliate program to motivate its users to welcome others to join the platform to help accelerate this objective.
Pros of YouHodler:.
Strong Security. YouHodler put in place numerous ways to keep your funds safe..
Strong Insurance. Crypto possessions are insured for as much as $150 million.
Stablecoin Interest. YouHodler uses a few of the best interest rates for stablecoins.
Unique Features. You’ll find cool items such as the Multi HODL and the Turbocharge, which you will not find anywhere else.
Flexible Terms. You can increase the duration of your loans at any time.
High LTV. The top 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 rather recent compared to its competitors.
Currencies to Obtain. Depending on the currencies you use 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 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 earn a profit, you need to be good at trading them or simply hold and hope your crypto gains in value. Since of volatility, neither method is particularly simple to do.
What if you could simply transfer your crypto someplace and make interest on it. This way, if the price 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 savings. Youhodler can handle 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 specializes in crypto loaning and high-interest cost savings for Hodlers. YouHodler is based in Limassol, Limassol, Cyprus. Youhodler Credit Card Reddit
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 lots other nations.