Looking for Youhodler New Account…YouHodler is a Swiss-based business that works as a crypto-backed loan service provider. One of its main ideas is that you can still HODL, without having to await a spike to sell.
It enables users to borrow fiat funds quickly, based on the worth of their cryptocurrency asset holdings. Apart from that, one can convert crypto to crypto, crypto to fiat, and likewise engage with stablecoins.
The most helpful feature would be the option to withdraw fiat to an individual bank account or individual charge card. Users can also hold their cryptocurrency in a YouHodler savings account.
It wouldn’t be far-fetched to think about YouHodler as a bank for your cryptocurrency. It is quick and efficient, enabling users to transfer their crypto assets with ease.
The platform focuses on providing a well-rounded experience for its users. You will discover whatever that a crypto owner or an investor would possibly require. Simply put, YouHodler offers a variety of services that lets you harness your digital properties.
YouHodler’s wallet is designed 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 business uses dedicated wallet designs for Bitcoin and over 14 other popular cryptocurrencies.
Is YouHodler legitimate? Youhodler New Account
Maybe the most noteworthy feature at YouHodler is its capability to use you loans. An investor might consider these financing chances as a means of hedging. Most importantly, it provides you access to a flexible course 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 eliminates a big part of the threat that accompanies investment options.
YouHodler is unquestionably a leading gamer in this space– not least because it provides a top-rate loan-to-value ratio of up to 90%. Exceeding its competitors, YouHodler accepts 15 various digital coins as collateral.
Users can get both immediate 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 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 place.
YouHodler offers you a few alternatives to pick how you want to back your loan. You can obtain a loan amount in fiat or Bitcoin– and you use numerous altcoins as security.
The preliminary application process works as follows:
Make a request utilizing your crypto assets as collateral
Immediately get an agreed loan quantity in fiat (USD, EURO, and Stablecoins, Bitcoin).
As soon as you pay back 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 perform any credit rating checks or require time to think about whether you are eligible for a loan. On the contrary, if you have enough collateral and a confirmed account, you are excellent to go.
How do you get paid on YouHodler?
Loan Terms and Quantities.
YouHodler has various packages for loans that feature predefined terms.
There are 3 options for loan periods:.
1 month– 90% LTV.
60 days– 70% LTV.
180 days– 50% LTV.
Your rate of interest is not figured out by the quantity of collateral that you set up. Rather, it depends on the type of plan you select.
YouHodler uses the exact same rate of interest for all its users. As the neighborhood grows, the company hopes that its rates of interest will likewise drop appropriately. YouHodler likewise has an affiliate program to motivate its users to welcome others to join the platform to assist accelerate this goal.
Pros of YouHodler:.
Strong Security. YouHodler put in place numerous methods to keep your funds safe..
Solid Insurance. Crypto possessions are insured for up to $150 million.
Stablecoin Interest. YouHodler offers some of the best rates of interest for stablecoins.
Unique Functions. You’ll discover cool items such as the Multi HODL and the Turbocharge, which you won’t find anywhere else.
Versatile 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 current compared to its rivals.
Currencies to Borrow. 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 offered for borrowing: BTC, BCH, BNB, ETH, LTC, XLM, XRP, DASH, HT, REP, and 15 other popular coins with the list growing.
Type of service: Direct financing.
Cryptocurrencies are volatile animals. To make a profit, you have to be proficient at trading them or just hold and hope your crypto gains in worth. Neither approach is particularly easy to do because of volatility.
What if you might just deposit your crypto somewhere and make interest on it. In this manner, if the cost increases by a percentage or not at all, you can still make a profit. That’s what YouHodler does. It pays high interest on savings. If you remain in the marketplace for a crypto-backed loan, Youhodler can handle that also since 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 savings for Hodlers. YouHodler is based in Limassol, Limassol, Cyprus. Youhodler New Account
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 in addition to in about a dozen other countries.