Looking for Youhodler Crypto Supported Countries…YouHodler is a Swiss-based business that acts as a crypto-backed loan service provider. Among its main concepts is that you can still HODL, without needing to await a spike to offer.
It permits users to borrow fiat funds quickly, based on the worth of their cryptocurrency asset holdings. Apart from that, one can transform crypto to crypto, crypto to fiat, and also engage with stablecoins.
The most useful feature would be the option 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 improbable to think about YouHodler as a bank for your cryptocurrency. It is efficient and fast, enabling users to transfer their crypto properties with ease.
The platform concentrates on providing a well-rounded experience for its users. You will find whatever that a crypto owner or an investor would potentially require. In other words, YouHodler offers a range of services that lets you harness your digital properties.
YouHodler’s wallet is created with simplicity 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 uses devoted wallet designs for Bitcoin and over 14 other popular cryptocurrencies.
Is YouHodler legitimate? Youhodler Crypto Supported Countries
Possibly the most significant feature at YouHodler is its ability to use you loans. An investor could think about these financing chances 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 credit line, you can get fiat when you need it without touching your crypto portfolio at all. It gets rid of a big part of the threat that accompanies financial investment options.
YouHodler is unquestionably a leading player in this space– not least because it offers a top-rate loan-to-value ratio of approximately 90%. Surpassing its competitors, YouHodler accepts 15 different digital coins as security.
Users can get both instantaneous money 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 might get your rate of interest as low as 2.5%.
Now let’s break down the loan procedure that YouHodler has in place.
YouHodler offers you a couple of alternatives to choose how you wish to back your loan. You can look for a loan amount in fiat or Bitcoin– and you use multiple altcoins as collateral.
The initial application process works as follows:
Make a request using your crypto properties as security
Quickly receive an agreed loan quantity in fiat (USD, EURO, and Stablecoins, Bitcoin).
Once you repay the loan, you will instantly get the collateral back, no matter whether its worth has increased.
As you can see from the above, the procedure is as smooth as it could be. The business does not carry out any credit score checks or require time to think about 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 different packages 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 rate of interest is not figured out by the amount of collateral that you set up. Instead, it depends on the kind of plan you choose.
YouHodler provides the very same rate of interest for all its users. As the community grows, the supplier hopes that its rate of interest will also drop appropriately. YouHodler likewise 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 assets are insured for as much as $150 million.
Stablecoin Interest. YouHodler uses a few of the very best rates of interest for stablecoins.
Special Functions. You’ll discover cool items such as the Multi HODL and the Turbocharge, which you won’t find anywhere else.
Flexible 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 rather recent compared to its rivals.
Currencies to Obtain. Depending on the currencies you utilize as collateral, you can just receive loans in USD, EUR, GBP, and BTC..
Year established: 2018.
Headquarters: Cyprus and Switzerland.
Licenses: European Union Financial Commission.
Currencies readily 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, ASSOCIATE, and 15 other popular coins with the list growing.
Kind of service: Direct financing.
Cryptocurrencies are unpredictable creatures. To make a profit, you need to be proficient at trading them or just hold and hope your crypto gains in worth. Because of volatility, neither approach is particularly easy to do.
If you could simply deposit your crypto somewhere and earn interest on it, what. 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 because it lends 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 focuses on crypto lending and high-interest cost savings for Hodlers. YouHodler is based in Limassol, Limassol, Cyprus. Youhodler Crypto Supported Countries
The business’s CEO is Ilya Volkov. YouHodler is an official Blockchain Association member of the Financial Commission. YouHodler is not readily available in the United States in addition to in about a dozen other countries.