Looking for Youhodler Exchange…YouHodler is a Swiss-based business that works as a crypto-backed loan provider. One of its primary principles is that you can still HODL, without needing to wait on a spike to offer.
It permits users to borrow fiat funds immediately, 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 choice to withdraw fiat to an individual savings account or individual 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 efficient and fast, enabling users to move their crypto possessions 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. To put it simply, YouHodler uses a variety of services that lets you harness your digital possessions.
YouHodler’s wallet is designed with simpleness and performance in mind. You can transfer your cryptocurrency, convert it to fiat, and hold the funds for investment purposes in your wallet. The company uses dedicated wallet styles for Bitcoin and over 14 other popular cryptocurrencies.
Is YouHodler legitimate? Youhodler Exchange
Perhaps the most notable function at YouHodler is its capability to use you loans. An investor might consider these funding chances as a means of hedging. Crucially, it provides you access to a flexible 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 removes a huge part of the threat that accompanies financial investment choices.
YouHodler is certainly a leading player in this space– not least since it uses a top-rate loan-to-value ratio of approximately 90%. Exceeding its rivals, YouHodler accepts 15 different digital coins as security.
Users can get both immediate cash 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 want to back your loan. You can obtain a loan quantity in fiat or Bitcoin– and you utilize multiple altcoins as collateral.
The preliminary application process works as follows:
Make a demand using your crypto possessions as security
Instantly receive an agreed loan amount in fiat (USD, EURO, and Stablecoins, Bitcoin).
When you repay the loan, you will instantly get the security back, no matter whether its value has actually increased.
As you can see from the above, the procedure is as seamless as it could be. The business does not carry out any credit score checks or take some time to consider whether you are eligible for a loan. On the contrary, if you have adequate collateral and a validated account, you are good to go.
How do you get paid on YouHodler?
Loan Terms and Amounts.
YouHodler has different plans for loans that feature predefined terms.
There are three choices for loan durations:.
One month– 90% LTV.
60 days– 70% LTV.
180 days– 50% LTV.
Your rate of interest is not determined by the amount of collateral that you set up. Rather, it depends upon the type of plan you pick.
YouHodler offers the same interest rate for all its users. As the neighborhood grows, the company hopes that its interest rates will likewise drop accordingly. YouHodler also has an affiliate program to motivate its users to invite others to join the platform to assist accelerate this objective.
Pros of YouHodler:.
Strong Security. YouHodler put in place many methods to keep your funds safe..
Solid Insurance coverage. Crypto possessions are insured for up to $150 million.
Stablecoin Interest. YouHodler offers some of the best interest rates for stablecoins.
Distinct Functions. You’ll discover cool products such as the Multi HODL and the Turbocharge, which you will not discover anywhere else.
Versatile Terms. You can increase the period 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 rather current compared to its rivals.
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.
Headquarters: Cyprus and Switzerland.
Licenses: European Union Financial Commission.
Currencies offered 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, REPRESENTATIVE, and 15 other popular coins with the list growing.
Type of service: Direct lending.
Cryptocurrencies are unpredictable animals. To earn 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 might just transfer your crypto somewhere and make interest on it. By doing this, if the price increases by a small amount or not at all, you can still make a profit. That’s what YouHodler does. It pays high interest on cost savings. If you’re in the marketplace for a crypto-backed loan, Youhodler can handle that likewise because it lends out its crypto on deposits. Let’s see how it works.
YouHodler is a cryptocurrency exchange that concentrates on crypto financing and high-interest cost savings for Hodlers. YouHodler is based in Limassol, Limassol, Cyprus. Youhodler Exchange
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 as well as in about a lots other countries.