Looking for Youhodler Crypto Deposit…YouHodler is a Swiss-based business that acts as a crypto-backed loan service provider. One of its main ideas is that you can still HODL, without needing to wait on a spike to sell.
It enables users to obtain fiat funds immediately, based upon the value of their cryptocurrency property holdings. Apart from that, one can transform crypto to crypto, crypto to fiat, and likewise engage with stablecoins.
The most advantageous function would be the choice to withdraw fiat to a personal savings account or individual charge card. Users can also hold their cryptocurrency in a YouHodler savings account.
It wouldn’t be far-fetched to think about YouHodler as a bank for your cryptocurrency. It is quick and efficient, permitting users to transfer their crypto properties with ease.
The platform concentrates on delivering a well-rounded experience for its users. You will find whatever that a crypto owner or a financier would possibly require. To put it simply, YouHodler offers a range of services that lets you harness your digital properties.
YouHodler’s wallet is designed with simplicity and effectiveness in mind. You can move your cryptocurrency, convert it to fiat, and hold the funds for investment functions in your wallet. The business uses devoted wallet designs for Bitcoin and over 14 other popular cryptocurrencies.
Is YouHodler legitimate? Youhodler Crypto Deposit
Possibly the most notable function at YouHodler is its ability to offer you loans. An investor could consider these funding opportunities as a means of hedging. Most importantly, it offers you access to a versatile 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 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 up to 90%. Exceeding its rivals, YouHodler accepts 15 different 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 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 rate of interest 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 choose how you want to back your loan. You can look for a loan amount in fiat or Bitcoin– and you utilize several altcoins as collateral.
The initial application process works as follows:
Make a demand utilizing your crypto properties as security
Quickly get an agreed loan amount in fiat (USD, EURO, and Stablecoins, Bitcoin).
As soon as you repay the loan, you will instantly get the security back, no matter whether its worth has increased.
As you can see from the above, the procedure is as seamless as it could be. The company does not perform any credit score checks or require time to think about whether you are qualified for a loan. On the contrary, if you have adequate security and a confirmed account, you are excellent to go.
How do you get paid on YouHodler?
Loan Terms and Quantities.
YouHodler has various plans for loans that feature predefined terms.
There are three options for loan durations:.
Thirty days– 90% LTV.
60 days– 70% LTV.
180 days– 50% LTV.
Your rate of interest is not determined by the quantity of collateral that you set up. Rather, it depends upon the kind of plan you select.
YouHodler uses the exact same rates of interest for all its users. As the neighborhood grows, the company hopes that its rate of interest will also drop accordingly. YouHodler also has an affiliate program to encourage its users to welcome others to join the platform to assist accelerate this goal.
Pros of YouHodler:.
Strong Security. YouHodler put in place numerous methods to keep your funds safe..
Solid Insurance. Crypto properties are insured for approximately $150 million.
Stablecoin Interest. YouHodler uses a few of the best rates of interest for stablecoins.
Distinct Features. You’ll find cool products such as the Multi HODL and the Turbocharge, which you won’t discover anywhere else.
Flexible Terms. You can increase the duration 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 quite current compared to its rivals.
Currencies to Borrow. Depending on the currencies you utilize as collateral, you can only get loans in USD, EUR, GBP, and BTC..
Year established: 2018.
Headquarters: Cyprus and Switzerland.
Licenses: European Union Financial Commission.
Currencies available to earn interest: Fiat (USD, EUR, CHF, GBP), crypto (BTC), and stablecoin loans (USDT, USDC, TUSD, PAX, PAXG).
Currencies readily 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 animals. To earn a profit, you need to be proficient at trading them or just hold and hope your crypto gains in value. Due to the fact that of volatility, neither technique is particularly easy to do.
If you could simply deposit your crypto someplace and earn interest on it, what. This way, if the price boosts by a percentage or not at all, you can still make a profit. That’s what YouHodler does. It pays high interest on savings. If you’re in the market for a crypto-backed loan, Youhodler can handle that likewise because it loans out its crypto on deposits. Let’s see how it works.
YouHodler is a cryptocurrency exchange that focuses on crypto lending and high-interest cost savings for Hodlers. YouHodler is based in Limassol, Limassol, Cyprus. Youhodler Crypto Deposit
The company’s CEO is Ilya Volkov. YouHodler is a main Blockchain Association member of the Financial Commission. YouHodler is not readily available in the United States along with in about a dozen other nations.