Looking for Youhodler Help…YouHodler is a Swiss-based company that functions as a crypto-backed loan service provider. One of its main principles is that you can still HODL, without having to await a spike to offer.
It enables users to obtain fiat funds quickly, based on the value of their cryptocurrency asset holdings. Apart from that, one can transform crypto to crypto, crypto to fiat, and also engage with stablecoins.
The most beneficial feature would be the alternative to withdraw fiat to an individual savings account or personal credit 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 effective and quick, permitting users to transfer their crypto assets with ease.
The platform focuses on delivering a well-rounded experience for its users. You will find whatever that a crypto owner or an investor would potentially require. Simply put, YouHodler provides a range of services that lets you harness your digital properties.
YouHodler’s wallet is created with simplicity and performance in mind. You can transfer your cryptocurrency, transform it to fiat, and hold the funds for financial investment functions in your wallet. The company uses dedicated wallet designs for Bitcoin and over 14 other popular cryptocurrencies.
Is YouHodler legitimate? Youhodler Help
Perhaps the most noteworthy feature at YouHodler is its ability to offer you loans. A financier might think about these funding chances as a means of hedging. Crucially, it gives you access to a flexible path to get in 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 eliminates a big part of the threat that accompanies investment options.
YouHodler is undoubtedly a leading player in this area– not least because it provides a top-rate loan-to-value ratio of as much as 90%. Outmatching its rivals, YouHodler accepts 15 various digital coins as security.
Users can get both instant 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 rates of interest as low as 2.5%.
Now let’s break down the loan procedure that YouHodler has in location.
YouHodler provides you a couple of choices to select how you want to back your loan. You can request a loan amount in fiat or Bitcoin– and you use multiple altcoins as collateral.
The initial application procedure works as follows:
Make a request utilizing your crypto possessions as security
Immediately get 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 actually increased.
As you can see from the above, the procedure is as smooth as it could be. The business does not perform any credit rating checks or require time to think about whether you are eligible for a loan. On the contrary, if you have adequate security and a validated account, you are good to go.
How do you get paid on YouHodler?
Loan Terms and Quantities.
YouHodler has different bundles for loans that come with predefined terms.
There are three choices for loan durations:.
1 month– 90% LTV.
60 days– 70% LTV.
180 days– 50% LTV.
Your interest rate is not identified by the amount of security that you set up. Instead, it depends upon the kind of plan you choose.
YouHodler uses the exact same rate of interest for all its users. As the community grows, the service provider hopes that its interest rates will likewise drop appropriately. YouHodler likewise has an affiliate program to encourage its users to welcome others to join the platform to assist accelerate this goal.
Pros of YouHodler:.
Strong Security. YouHodler put in place numerous ways to keep your funds safe..
Solid Insurance. Crypto assets are insured for approximately $150 million.
Stablecoin Interest. YouHodler provides some of the best interest rates for stablecoins.
Special Features. You’ll find cool items such as the Multi HODL and the Turbocharge, which you will not find anywhere else.
Flexible 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 quite current compared to its competitors.
Currencies to Obtain. Depending on the currencies you utilize as collateral, you can just receive 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 available for loaning: 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 unstable creatures. To earn a profit, you have to be proficient at trading them or simply hold and hope your crypto gains in value. Neither technique is especially easy to do because of volatility.
What if you could simply deposit your crypto somewhere and earn interest on it. It pays high interest on cost savings. If you’re in the market for a crypto-backed loan, Youhodler can deal with that likewise considering that it lends out its crypto on deposits.
YouHodler is a cryptocurrency exchange that specializes in crypto lending and high-interest savings for Hodlers. YouHodler is based in Limassol, Limassol, Cyprus. Youhodler Help
The company’s CEO is Ilya Volkov. YouHodler is an official Blockchain Association member of the Financial Commission. YouHodler is not available in the United States in addition to in about a dozen other countries.