Youhodler News Reddit – Limited time offer

Looking for Youhodler News Reddit…YouHodler is a Swiss-based company that functions as a crypto-backed loan service provider. One of its primary ideas is that you can still HODL, without having to wait on a spike to offer.

It enables users to obtain fiat funds quickly, based on the value of their cryptocurrency possession holdings. Apart from that, one can convert crypto to crypto, crypto to fiat, and also engage with stablecoins.

The most advantageous feature would be the choice to withdraw fiat to an individual checking account or personal credit card. Users can also 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 transfer their crypto assets with ease.

The platform concentrates on delivering a well-rounded experience for its users. You will find whatever that a crypto owner or an investor would possibly require. In other words, YouHodler uses a variety of services that lets you harness your digital possessions.

YouHodler Wallet

YouHodler’s wallet is designed with simpleness and efficiency in mind. You can move your cryptocurrency, transform it to fiat, and hold the funds for investment functions in your wallet. The business provides devoted wallet styles for Bitcoin and over 14 other popular cryptocurrencies.

Is YouHodler legitimate? Youhodler News Reddit

Perhaps the most noteworthy function at YouHodler is its capability to offer you loans. An investor could consider these funding opportunities as a means of hedging. Most importantly, it provides 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 require it without touching your crypto portfolio at all. It eliminates a big part of the threat that accompanies financial investment choices.

 

YouHodler is undoubtedly a leading gamer in this area– not least due to the fact that 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 instantaneous 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 could get your rate of interest as low as 2.5%.

Now let’s break down the loan process that YouHodler has in place.

 

YouHodler gives you a few alternatives to pick how you want to back your loan. You can request a loan amount in fiat or Bitcoin– and you utilize several altcoins as security.

The initial application procedure works as follows:

Make a demand utilizing your crypto properties as security
Instantly receive an agreed loan amount in fiat (USD, EURO, and Stablecoins, Bitcoin).
When you repay the loan, you will immediately get the security back, despite whether its value has increased.

As you can see from the above, the procedure is as seamless as it could be. The company does not perform any credit rating checks or require time to consider whether you are eligible for a loan. On the contrary, if you have adequate collateral and a confirmed account, you are good to go.

 

How do you get paid on YouHodler?

  • Loan Terms and Quantities.

    YouHodler has various packages for loans that come with 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 identified by the amount of security that you installed. Instead, it depends on the type of plan you select.

    YouHodler provides the very same rates of interest for all its users. As the neighborhood grows, the supplier hopes that its rates of interest will also drop accordingly. YouHodler likewise has an affiliate program to encourage its users to invite others to sign up with the platform to assist accelerate this objective.

     

    Pros of YouHodler:.
    Strong Security. YouHodler put in place lots of ways to keep your funds safe..
    Solid Insurance. Crypto assets are insured for up to $150 million.
    Stablecoin Interest. YouHodler offers some of the very best interest rates for stablecoins.
    Distinct Features. You’ll discover cool items such as the Multi HODL and the Turbocharge, which you will not find 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 Borrow. Depending on the currencies you use as security, you can just get loans in USD, EUR, GBP, and BTC..
    Year founded: 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 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 unstable animals. To make a profit, you have to be good at trading them or just hold and hope your crypto gains in value. Neither technique is particularly 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 savings. If you’re in the market for a crypto-backed loan, Youhodler can handle that also since it loans out its crypto on deposits.

    YouHodler is a cryptocurrency exchange that focuses on crypto lending and high-interest savings for Hodlers. YouHodler is based in Limassol, Limassol, Cyprus. Youhodler News Reddit

    The company’s CEO is Ilya Volkov. YouHodler is an official Blockchain Association member of the Financial Commission. YouHodler is not offered in the United States in addition to in about a dozen other countries.