Looking for Youhodler Minimum Withdraw…YouHodler is a Swiss-based company that acts as a crypto-backed loan company. One of its primary principles is that you can still HODL, without having to wait for a spike to sell.
It enables users to obtain fiat funds instantly, based on the value of their cryptocurrency asset holdings. Apart from that, one can convert crypto to crypto, crypto to fiat, and likewise engage with stablecoins.
The most advantageous function would be the alternative to withdraw fiat to a personal checking account or personal credit card. Users can also hold their cryptocurrency in a YouHodler savings account.
It would not be improbable to consider YouHodler as a bank for your cryptocurrency. It is effective and fast, enabling users to move their crypto properties with ease.
The platform focuses on providing a well-rounded experience for its users. You will discover everything that a crypto owner or an investor would perhaps require. Simply put, YouHodler offers a range of services that lets you harness your digital properties.
YouHodler’s wallet is created with simplicity and efficiency in mind. You can transfer your cryptocurrency, convert it to fiat, and hold the funds for financial investment purposes in your wallet. The company uses devoted wallet designs for Bitcoin and over 14 other popular cryptocurrencies.
Is YouHodler legitimate? Youhodler Minimum Withdraw
Maybe the most significant feature at YouHodler is its ability to provide you loans. An investor might think about these financing opportunities as a means of hedging. Most importantly, it gives you access to a flexible course to enter the cryptocurrency trading markets.
With a crypto-backed credit line, you can get fiat when you require it without touching your crypto portfolio at all. It eliminates a huge part of the danger that accompanies investment choices.
YouHodler is certainly a leading gamer in this area– not least since it offers a top-rate loan-to-value ratio of approximately 90%. Outpacing its rivals, 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 rate of interest on crypto loans are relatively reasonably at 12% APR. If you are taking out a short-term loan, you could get your rates 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 pick how you want to back your loan. You can look for a loan amount in fiat or Bitcoin– and you utilize several altcoins as collateral.
The initial application process works as follows:
Make a request utilizing your crypto possessions as security
Instantly receive an agreed loan amount in fiat (USD, EURO, and Stablecoins, Bitcoin).
Once you repay the loan, you will immediately get the collateral back, regardless of whether its worth has 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 score checks or take time to consider whether you are eligible for a loan. On the contrary, if you have enough security and a validated account, you are good to go.
How do you get paid on YouHodler?
Loan Terms and Quantities.
YouHodler has different plans for loans that come with predefined terms.
There are 3 choices for loan durations:.
1 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 put up. Instead, it depends on the type of plan you select.
YouHodler offers the very same rates of interest for all its users. As the community grows, the company hopes that its rates of interest will also drop appropriately. YouHodler likewise 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 many ways to keep your funds safe..
Solid Insurance. Crypto properties are insured for approximately $150 million.
Stablecoin Interest. YouHodler offers a few of the very best rate of interest for stablecoins.
Unique 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 collateral with 90% loan-to-value.
Is CoinLoan safe?
Cons of YouHodler:.
Seniority. YouHodler was founded in 2018, which is rather recent compared to its rivals.
Currencies to Obtain. Depending on the currencies you use 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.
Type of service: Direct loaning.
Cryptocurrencies are unpredictable animals. To earn a profit, you need to be good 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 just transfer your crypto somewhere and make interest on it. It pays high interest on 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 financing and high-interest savings for Hodlers. YouHodler is based in Limassol, Limassol, Cyprus. Youhodler Minimum Withdraw
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 along with in about a dozen other nations.