Looking for Youhodler Down Reddit…YouHodler is a Swiss-based business that serves as a crypto-backed loan company. Among its main ideas is that you can still HODL, without having to wait for a spike to sell.
It allows users to borrow fiat funds immediately, based on 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 function would be the option to withdraw fiat to an individual checking account or individual credit 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 quick and effective, permitting users to transfer their crypto assets with ease.
The platform concentrates on delivering a well-rounded experience for its users. You will discover whatever that a crypto owner or an investor would potentially require. To put it simply, YouHodler provides a variety of services that lets you harness your digital assets.
YouHodler’s wallet is developed with simplicity and efficiency in mind. You can move your cryptocurrency, transform it to fiat, and hold the funds for financial investment purposes in your wallet. The business offers devoted wallet designs for Bitcoin and over 14 other popular cryptocurrencies.
Is YouHodler legitimate? Youhodler Down Reddit
Possibly the most significant function at YouHodler is its ability to offer you loans. An investor might think about these funding chances as a means of hedging. Crucially, it offers you access to a versatile path to go into 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 huge part of the risk that accompanies investment choices.
YouHodler is certainly a leading gamer in this space– not least since it provides a top-rate loan-to-value ratio of approximately 90%. Exceeding its competitors, YouHodler accepts 15 various digital coins as collateral.
Users can get 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 fairly reasonably at 12% APR. If you are taking out a short-term loan, you could get your rate of interest as low as 2.5%.
Now let’s break down the loan process that YouHodler has in place.
YouHodler offers you a couple of alternatives to select how you want to back your loan. You can request a loan amount in fiat or Bitcoin– and you use several altcoins as security.
The initial application process works as follows:
Make a demand utilizing your crypto properties as collateral
Quickly receive an agreed loan quantity in fiat (USD, EURO, and Stablecoins, Bitcoin).
Once 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 smooth as it could be. The business does not perform any credit score checks or require time to consider whether you are qualified for a loan. On the contrary, if you have enough collateral and a verified account, you are excellent to go.
How do you get paid on YouHodler?
Loan Terms and Amounts.
YouHodler has different bundles for loans that include predefined terms.
There are 3 choices for loan periods:.
Thirty days– 90% LTV.
60 days– 70% LTV.
180 days– 50% LTV.
Your interest rate is not identified by the amount of security that you put up. Instead, it depends on the kind of strategy you select.
YouHodler provides the very same rate of interest for all its users. As the neighborhood grows, the provider hopes that its rate of interest will likewise drop accordingly. YouHodler likewise has an affiliate program to encourage its users to welcome others to sign up with the platform to assist accelerate this objective.
Pros of YouHodler:.
Strong Security. YouHodler put in place lots of ways to keep your funds safe..
Solid Insurance. Crypto properties are guaranteed for approximately $150 million.
Stablecoin Interest. YouHodler offers a few of the best interest rates for stablecoins.
Unique Functions. You’ll discover cool products such as the Multi HODL and the Turbocharge, which you won’t discover anywhere else.
Flexible Terms. You can increase the duration of your loans at any time.
High LTV. The leading 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 quite recent compared to its rivals.
Currencies to Borrow. Depending upon the currencies you utilize as security, you can only receive loans in USD, EUR, GBP, and BTC..
Year founded: 2018.
Headquarters: Cyprus and Switzerland.
Licenses: European Union Financial Commission.
Currencies 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, REPRESENTATIVE, and 15 other popular coins with the list growing.
Kind of service: Direct financing.
Cryptocurrencies are unpredictable creatures. To earn a profit, you have to be proficient at trading them or just hold and hope your crypto gains in worth. Because of volatility, neither approach is particularly simple to do.
What if you could simply transfer your crypto someplace and make interest on it. It pays high interest on savings. If you’re in the market for a crypto-backed loan, Youhodler can deal with that also considering that it loans out its crypto on deposits.
YouHodler is a cryptocurrency exchange that concentrates on crypto lending and high-interest savings for Hodlers. YouHodler is based in Limassol, Limassol, Cyprus. Youhodler Down Reddit
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 as well as in about a lots other nations.