Looking for Youhodler Crypto Team…YouHodler is a Swiss-based business that acts as a crypto-backed loan company. Among its primary concepts is that you can still HODL, without having to wait for a spike to offer.
It enables users to obtain fiat funds quickly, 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 beneficial feature would be the option to withdraw fiat to a personal savings account or individual charge card. Users can likewise hold their cryptocurrency in a YouHodler savings account.
It would not be improbable to think about YouHodler as a bank for your cryptocurrency. It is fast and efficient, enabling users to transfer their crypto properties 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 require. To put it simply, YouHodler uses a range of services that lets you harness your digital possessions.
YouHodler’s wallet is created with simpleness and efficiency in mind. You can transfer your cryptocurrency, convert it to fiat, and hold the funds for financial investment functions in your wallet. The company provides dedicated wallet designs for Bitcoin and over 14 other popular cryptocurrencies.
Is YouHodler legitimate? Youhodler Crypto Team
Possibly the most noteworthy feature at YouHodler is its capability to use you loans. An investor could think about these financing opportunities as a means of hedging. Crucially, it offers you access to a versatile 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 removes a big part of the risk that accompanies financial investment choices.
YouHodler is certainly a leading gamer in this space– not least since it offers a top-rate loan-to-value ratio of as much as 90%. Surpassing its competitors, YouHodler accepts 15 different digital coins as security.
Users can receive both instant cash loans and crypto loans in USD, EURO, GBP, CHF, and even in Bitcoin( BTC) and Tether( USDT). The interest rates on crypto loans are relatively reasonably at 12% APR. If you are taking out a short-term loan, you could get your interest rate 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 obtain a loan amount in fiat or Bitcoin– and you use numerous altcoins as collateral.
The preliminary application process works as follows:
Make a demand using your crypto properties as collateral
Immediately get an agreed loan quantity in fiat (USD, EURO, and Stablecoins, Bitcoin).
Once you pay back the loan, you will instantly get the security back, regardless of whether its value has actually 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 history checks or take some time to consider whether you are eligible for a loan. On the contrary, if you have adequate security and a validated account, you are great to go.
How do you get paid on YouHodler?
Loan Terms and Quantities.
YouHodler has different packages for loans that include predefined terms.
There are three choices for loan durations:.
30 days– 90% LTV.
60 days– 70% LTV.
180 days– 50% LTV.
Your rates of interest is not identified by the quantity of collateral that you installed. Rather, it depends on the type of plan you choose.
YouHodler offers the exact same rate of interest for all its users. As the neighborhood grows, the supplier hopes that its rates of interest will likewise drop accordingly. 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 many ways to keep your funds safe..
Solid Insurance. Crypto assets are guaranteed for as much as $150 million.
Stablecoin Interest. YouHodler uses some of the very best rate of interest for stablecoins.
Special Features. You’ll find cool products such as the Multi HODL and the Turbocharge, which you won’t find anywhere else.
Versatile Terms. You can increase the period of your loans at any time.
High LTV. The leading 20 coins can be utilized 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 Borrow. Depending on the currencies you use as security, you can only get loans in USD, EUR, GBP, and BTC..
Year founded: 2018.
Head office: 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 readily available for loaning: BTC, BCH, BNB, ETH, LTC, XLM, XRP, DASH, HT, ASSOCIATE, and 15 other popular coins with the list growing.
Type of service: Direct loaning.
Cryptocurrencies are unstable animals. To make a profit, you have to be proficient at trading them or simply hold and hope your crypto gains in worth. Neither method is especially easy to do because of volatility.
What if you might simply transfer your crypto somewhere and make 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 also considering that it loans out its crypto on deposits.
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 Team
The business’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 in addition to in about a dozen other countries.