Looking for Youhodler Historical Interest Rates…YouHodler is a Swiss-based company that works as a crypto-backed loan provider. Among its main concepts is that you can still HODL, without having to await a spike to offer.
It permits users to obtain fiat funds quickly, based on the value of their cryptocurrency property holdings. Apart from that, one can convert crypto to crypto, crypto to fiat, and also engage with stablecoins.
The most advantageous function would be the option to withdraw fiat to a personal bank account or individual credit card. Users can likewise hold their cryptocurrency in a YouHodler savings account.
It would not be far-fetched to consider YouHodler as a bank for your cryptocurrency. It is efficient and fast, enabling users to move 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 a financier would perhaps require. To put it simply, YouHodler provides a variety of services that lets you harness your digital assets.
YouHodler’s wallet is designed with simplicity and effectiveness in mind. You can move your cryptocurrency, convert 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 Historical Interest Rates
Possibly the most noteworthy feature at YouHodler is its capability to use you loans. An investor might think about these funding opportunities 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 line of credit, you can get fiat when you need it without touching your crypto portfolio at all. It removes a big part of the threat that accompanies investment options.
YouHodler is unquestionably a leading player in this space– not least due to the fact that it uses a top-rate loan-to-value ratio of as much as 90%. Outpacing its rivals, YouHodler accepts 15 various digital coins as security.
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 might get your rate of interest as low as 2.5%.
Now let’s break down the loan process that YouHodler has in location.
YouHodler offers you a few options to select how you want to back your loan. You can obtain a loan amount in fiat or Bitcoin– and you use several altcoins as security.
The preliminary application procedure works as follows:
Make a demand using your crypto assets as collateral
Quickly receive an agreed loan amount in fiat (USD, EURO, and Stablecoins, Bitcoin).
Once you repay the loan, you will immediately get the security back, no matter whether its worth 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 history checks or require time to consider whether you are qualified for a loan. On the contrary, if you have enough collateral 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 come with predefined terms.
There are three options for loan periods:.
One month– 90% LTV.
60 days– 70% LTV.
180 days– 50% LTV.
Your interest rate is not determined by the amount of security that you set up. Rather, it depends on the kind of strategy you pick.
YouHodler provides the same rates of interest for all its users. As the community grows, the provider hopes that its interest rates will also drop appropriately. YouHodler also has an affiliate program to encourage its users to invite others to join the platform to assist accelerate this objective.
Pros of YouHodler:.
Strong Security. YouHodler put in place lots of methods to keep your funds safe..
Solid Insurance coverage. Crypto assets are insured for as much as $150 million.
Stablecoin Interest. YouHodler provides some of the very best rates of interest for stablecoins.
Distinct Features. You’ll discover cool items such as the Multi HODL and the Turbocharge, which you will not discover 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 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 competitors.
Currencies to Borrow. Depending upon the currencies you utilize as collateral, you can just get 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 offered 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 loaning.
Cryptocurrencies are unstable creatures. To make a profit, you need to be proficient at trading them or simply hold and hope your crypto gains in worth. Since of volatility, neither method is especially simple to do.
What if you could simply deposit 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 handle that also considering that it lends 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 Historical Interest Rates
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 along with in about a lots other countries.