Looking for Youhodler Crypto Logo…YouHodler is a Swiss-based business that functions as a crypto-backed loan company. Among its primary ideas is that you can still HODL, without having to wait for a spike to sell.
It permits users to borrow 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 helpful feature would be the choice to withdraw fiat to a personal savings account or individual charge card. Users can likewise 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 efficient and quick, permitting users to move their crypto possessions with ease.
The platform focuses on delivering a well-rounded experience for its users. You will find everything that a crypto owner or a financier would possibly need. Simply put, YouHodler offers a variety of services that lets you harness your digital assets.
YouHodler’s wallet is designed with simpleness and effectiveness in mind. You can transfer your cryptocurrency, convert it to fiat, and hold the funds for investment functions in your wallet. The company offers dedicated wallet designs for Bitcoin and over 14 other popular cryptocurrencies.
Is YouHodler legitimate? Youhodler Crypto Logo
Perhaps the most notable feature at YouHodler is its capability to use you loans. An investor might think about these funding opportunities as a means of hedging. Crucially, it gives you access to a versatile path to enter 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 gets rid of a huge part of the risk that accompanies financial investment choices.
YouHodler is certainly a leading gamer in this space– not least because it offers a top-rate loan-to-value ratio of up to 90%. Surpassing its rivals, 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 rates of interest on crypto loans are fairly reasonably at 12% APR. If you are taking out a short-term loan, you might get your rates of interest 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 pick how you wish to back your loan. You can get a loan quantity in fiat or Bitcoin– and you use multiple altcoins as collateral.
The preliminary application procedure 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).
When you pay back the loan, you will right away get the security back, no matter whether its value has actually 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 score checks or take some time to consider whether you are qualified for a loan. On the contrary, if you have enough collateral and a validated account, you are good to go.
How do you get paid on YouHodler?
Loan Terms and Amounts.
YouHodler has various bundles for loans that feature predefined terms.
There are three choices for loan periods:.
30 days– 90% LTV.
60 days– 70% LTV.
180 days– 50% LTV.
Your interest rate is not identified by the quantity of security that you installed. Instead, it depends on the kind of plan you choose.
YouHodler provides the very same interest rate for all its users. As the neighborhood grows, the provider hopes that its rates of interest will also drop appropriately. YouHodler also has an affiliate program to encourage its users to invite others to join the platform to assist accelerate this goal.
Pros of YouHodler:.
Strong Security. YouHodler put in place lots of methods to keep your funds safe..
Solid Insurance. Crypto possessions are guaranteed for up to $150 million.
Stablecoin Interest. YouHodler offers a few of the best rates of interest for stablecoins.
Distinct Features. 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 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 upon the currencies you use as security, you can only receive loans in USD, EUR, GBP, and BTC..
Year established: 2018.
Head office: 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 readily available for loaning: 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 unstable creatures. To earn a profit, you need to be good at trading them or just hold and hope your crypto gains in value. Neither technique is especially easy to do because of volatility.
What if you could simply 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 handle that also since it loans out its crypto on deposits.
YouHodler is a cryptocurrency exchange that focuses on crypto lending and high-interest savings for Hodlers. YouHodler is based in Limassol, Limassol, Cyprus. Youhodler Crypto Logo
The company’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 lots other countries.