Looking for Youhodler Crypto Exchange…YouHodler is a Swiss-based business that acts as a crypto-backed loan company. Among its main principles is that you can still HODL, without needing to await a spike to sell.
It enables users to obtain fiat funds instantly, based upon the value of their cryptocurrency asset holdings. Apart from that, one can transform crypto to crypto, crypto to fiat, and also engage with stablecoins.
The most helpful feature would be the choice to withdraw fiat to an individual checking account or personal credit card. Users can likewise hold their cryptocurrency in a YouHodler savings account.
It would not be improbable to consider YouHodler as a bank for your cryptocurrency. It is efficient and fast, permitting users to move their crypto assets with ease.
The platform concentrates on delivering a well-rounded experience for its users. You will find everything that a crypto owner or an investor would perhaps require. Simply put, YouHodler provides a range of services that lets you harness your digital properties.
YouHodler’s wallet is created with simplicity and efficiency in mind. You can transfer your cryptocurrency, transform it to fiat, and hold the funds for investment purposes in your wallet. The business uses devoted wallet styles for Bitcoin and over 14 other popular cryptocurrencies.
Is YouHodler legitimate? Youhodler Crypto Exchange
Possibly the most significant function at YouHodler is its ability to offer you loans. An investor might consider these financing opportunities as a means of hedging. Crucially, it offers you access to a versatile course to get in the cryptocurrency trading markets.
With a crypto-backed credit line, you can get fiat when you require it without touching your crypto portfolio at all. It eliminates a huge part of the danger that accompanies financial investment options.
YouHodler is unquestionably a leading player in this area– not least since it provides a top-rate loan-to-value ratio of up to 90%. Exceeding its competitors, YouHodler accepts 15 different digital coins as collateral.
Users can get both instant money loans and crypto loans in USD, EURO, GBP, CHF, and even in Bitcoin( BTC) and Tether( USDT). The interest rates on crypto loans are fairly 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 procedure that YouHodler has in place.
YouHodler offers you a couple of choices to pick how you wish to back your loan. You can make an application for a loan quantity in fiat or Bitcoin– and you use numerous altcoins as collateral.
The preliminary application process works as follows:
Make a request utilizing your crypto properties as collateral
Quickly get an agreed loan quantity in fiat (USD, EURO, and Stablecoins, Bitcoin).
When you repay the loan, you will immediately get the collateral back, despite whether its value has increased.
As you can see from the above, the process is as seamless as it could be. The business does not carry out any credit score checks or require time to consider whether you are qualified for a loan. On the contrary, if you have sufficient collateral and a verified account, you are good to go.
How do you get paid on YouHodler?
Loan Terms and Amounts.
YouHodler has different packages for loans that come with predefined terms.
There are 3 choices for loan durations:.
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 put up. Rather, it depends upon the kind of plan you select.
YouHodler uses the very same interest rate for all its users. As the community grows, the service provider hopes that its rate of interest will likewise drop accordingly. YouHodler also has an affiliate program to motivate its users to invite others to join the platform to help accelerate this goal.
Pros of YouHodler:.
Strong Security. YouHodler put in place many methods to keep your funds safe..
Solid Insurance. Crypto possessions are insured for up to $150 million.
Stablecoin Interest. YouHodler provides some of the best rates of interest for stablecoins.
Distinct Functions. You’ll discover cool items such as the Multi HODL and the Turbocharge, which you will not find anywhere else.
Versatile Terms. You can increase the duration of your loans at any time.
High LTV. The top 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 Obtain. Depending upon the currencies you utilize as collateral, you can just get loans in USD, EUR, GBP, and BTC..
Year established: 2018.
Headquarters: Cyprus and Switzerland.
Licenses: European Union Financial Commission.
Currencies offered 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.
Type of service: Direct loaning.
Cryptocurrencies are unstable creatures. To make a profit, you need to be good at trading them or just hold and hope your crypto gains in value. Since of volatility, neither technique is especially simple to do.
What if you could just transfer your crypto someplace 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 manage that likewise considering that it loans out its crypto on deposits.
YouHodler is a cryptocurrency exchange that focuses on crypto loaning and high-interest cost savings for Hodlers. YouHodler is based in Limassol, Limassol, Cyprus. Youhodler Crypto Exchange
The company’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 countries.