Looking for Youhodler Podcast…YouHodler is a Swiss-based business that functions as a crypto-backed loan provider. Among its primary principles is that you can still HODL, without needing to wait on a spike to offer.
It permits users to borrow fiat funds quickly, based on the worth of their cryptocurrency possession 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 choice to withdraw fiat to an individual checking account or personal charge card. Users can likewise hold their cryptocurrency in a YouHodler savings account.
It would not be improbable to think about YouHodler as a bank for your cryptocurrency. It is efficient and fast, allowing users to transfer their crypto assets with ease.
The platform concentrates on providing a well-rounded experience for its users. You will find everything that a crypto owner or a financier would possibly require. To put it simply, YouHodler uses a variety of services that lets you harness your digital assets.
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 investment functions in your wallet. The business uses dedicated wallet designs for Bitcoin and over 14 other popular cryptocurrencies.
Is YouHodler legitimate? Youhodler Podcast
Possibly the most noteworthy feature at YouHodler is its ability to provide you loans. A financier might consider these funding opportunities as a means of hedging. Most importantly, it gives you access to a versatile path to get in 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 big part of the danger that accompanies investment options.
YouHodler is unquestionably a leading gamer in this space– not least since it offers a top-rate loan-to-value ratio of approximately 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 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 rate of interest as low as 2.5%.
Now let’s break down the loan procedure that YouHodler has in place.
YouHodler offers you a couple of options to pick how you want to back your loan. You can request a loan amount in fiat or Bitcoin– and you use several altcoins as collateral.
The preliminary application process works as follows:
Make a demand utilizing your crypto possessions as security
Immediately receive an agreed loan amount in fiat (USD, EURO, and Stablecoins, Bitcoin).
As soon as you repay the loan, you will right away get the collateral back, regardless of whether its worth has increased.
As you can see from the above, the procedure is as seamless as it could be. The company 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 sufficient security and a verified account, you are excellent to go.
How do you get paid on YouHodler?
Loan Terms and Amounts.
YouHodler has various plans for loans that feature predefined terms.
There are 3 choices for loan durations:.
One month– 90% LTV.
60 days– 70% LTV.
180 days– 50% LTV.
Your rates of interest is not identified by the amount of security that you set up. Rather, it depends upon the type of strategy you select.
YouHodler provides the same interest rate for all its users. As the neighborhood grows, the service provider hopes that its interest rates will also drop accordingly. YouHodler also has an affiliate program to encourage its users to welcome others to join the platform to help accelerate this objective.
Pros of YouHodler:.
Strong Security. YouHodler put in place many methods to keep your funds safe..
Strong Insurance coverage. Crypto possessions are guaranteed for up to $150 million.
Stablecoin Interest. YouHodler provides a few of the very best interest rates for stablecoins.
Unique Functions. You’ll find cool items such as the Multi HODL and the Turbocharge, which you won’t find anywhere else.
Flexible Terms. You can increase the duration 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 recent compared to its rivals.
Currencies to Borrow. Depending upon the currencies you use as collateral, you can only get loans in USD, EUR, GBP, and BTC..
Year established: 2018.
Head office: 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 readily available 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 creatures. To earn a profit, you need 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 just deposit your crypto someplace and earn 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 specializes in crypto financing and high-interest cost savings for Hodlers. YouHodler is based in Limassol, Limassol, Cyprus. Youhodler Podcast
The business’s CEO is Ilya Volkov. YouHodler is a main Blockchain Association member of the Financial Commission. YouHodler is not available in the United States as well as in about a lots other nations.