Looking for Youhodler Crypto Promotion…YouHodler is a Swiss-based company that acts as a crypto-backed loan company. Among its primary concepts is that you can still HODL, without needing to wait for a spike to sell.
It enables users to obtain fiat funds instantly, based on the worth of their cryptocurrency asset holdings. Apart from that, one can convert crypto to crypto, crypto to fiat, and also engage with stablecoins.
The most advantageous feature would be the alternative to withdraw fiat to an individual bank account or personal credit card. Users can likewise hold their cryptocurrency in a YouHodler savings account.
It wouldn’t be improbable to think about YouHodler as a bank for your cryptocurrency. It is effective and fast, permitting users to transfer their crypto possessions 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 possibly require. To put it simply, YouHodler uses a variety of services that lets you harness your digital assets.
YouHodler’s wallet is designed with simplicity and performance in mind. You can transfer your cryptocurrency, transform it to fiat, and hold the funds for investment functions in your wallet. The business offers devoted wallet designs for Bitcoin and over 14 other popular cryptocurrencies.
Is YouHodler legitimate? Youhodler Crypto Promotion
Maybe the most noteworthy function at YouHodler is its ability to offer you loans. A financier might consider these financing opportunities as a means of hedging. Crucially, it offers you access to a flexible course to enter 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 area– not least because it offers a top-rate loan-to-value ratio of approximately 90%. Outpacing its rivals, YouHodler accepts 15 different digital coins as collateral.
Users can receive 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 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 few alternatives to pick how you wish to back your loan. You can request a loan amount in fiat or Bitcoin– and you use multiple altcoins as security.
The preliminary 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).
When you pay back the loan, you will right away get the security back, despite whether its value has increased.
As you can see from the above, the process is as smooth as it could be. The business does not carry out any credit rating checks or take some time to consider whether you are qualified for a loan. On the contrary, if you have sufficient security and a verified account, you are great to go.
How do you get paid on YouHodler?
Loan Terms and Amounts.
YouHodler has various plans for loans that feature predefined terms.
There are three options for loan periods:.
30 days– 90% LTV.
60 days– 70% LTV.
180 days– 50% LTV.
Your rate of interest is not identified by the amount of security that you put up. Instead, it depends upon the type of plan you select.
YouHodler provides the very same rates of interest for all its users. As the community grows, the supplier hopes that its rate of interest will likewise drop appropriately. YouHodler also has an affiliate program to encourage its users to welcome others to sign up with 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 guaranteed for up to $150 million.
Stablecoin Interest. YouHodler uses some of the best rate of interest for stablecoins.
Distinct Functions. You’ll discover cool items such as the Multi HODL and the Turbocharge, which you won’t discover anywhere else.
Versatile Terms. You can increase the period 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 competitors.
Currencies to Obtain. Depending upon the currencies you utilize as collateral, you can just get loans in USD, EUR, GBP, and BTC..
Year founded: 2018.
Headquarters: 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 offered 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 financing.
Cryptocurrencies are unpredictable creatures. To make a profit, you have to be proficient at trading them or simply hold and hope your crypto gains in value. Neither method is particularly easy to do because of volatility.
What if you could just transfer your crypto somewhere and earn interest on it. It pays high interest on savings. If you’re in the market for a crypto-backed loan, Youhodler can manage that likewise because it lends 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 Promotion
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 in addition to in about a lots other countries.