Looking for Youhodler Review Youtube…YouHodler is a Swiss-based company that acts as a crypto-backed loan provider. One of its main ideas is that you can still HODL, without needing to wait for a spike to sell.
It permits users to obtain fiat funds immediately, based on the value of their cryptocurrency possession holdings. Apart from that, one can transform crypto to crypto, crypto to fiat, and also engage with stablecoins.
The most beneficial function would be the alternative to withdraw fiat to an individual checking account or individual charge 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 fast and efficient, permitting users to transfer their crypto properties with ease.
The platform focuses on delivering a well-rounded experience for its users. You will find everything that a crypto owner or a financier would potentially require. Simply put, YouHodler provides a variety of services that lets you harness your digital possessions.
YouHodler’s wallet is created with simpleness and effectiveness in mind. You can move your cryptocurrency, convert it to fiat, and hold the funds for investment functions in your wallet. The business uses dedicated wallet styles for Bitcoin and over 14 other popular cryptocurrencies.
Is YouHodler legitimate? Youhodler Review Youtube
Perhaps the most noteworthy function at YouHodler is its ability to offer you loans. A financier might consider these financing opportunities as a means of hedging. Crucially, it provides you access to a flexible path to enter 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 eliminates a huge part of the risk that accompanies investment options.
YouHodler is undoubtedly a leading gamer in this area– not least since it provides a top-rate loan-to-value ratio of as much as 90%. Surpassing its rivals, YouHodler accepts 15 various digital coins as security.
Users can receive both instant cash loans and crypto loans in USD, EURO, GBP, CHF, and even in Bitcoin( BTC) and Tether( USDT). The rates of interest on crypto loans are fairly 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 location.
YouHodler offers you a couple of options to pick how you wish to back your loan. You can make an application for a loan quantity in fiat or Bitcoin– and you use multiple altcoins as collateral.
The preliminary application procedure works as follows:
Make a demand using your crypto possessions as collateral
Quickly receive an agreed loan amount in fiat (USD, EURO, and Stablecoins, Bitcoin).
As soon as you pay back the loan, you will immediately get the collateral back, despite whether its value 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 history checks or take time to consider whether you are eligible for a loan. On the contrary, if you have adequate collateral and a verified account, you are good to go.
How do you get paid on YouHodler?
Loan Terms and Quantities.
YouHodler has various plans for loans that feature predefined terms.
There are three alternatives for loan periods:.
30 days– 90% LTV.
60 days– 70% LTV.
180 days– 50% LTV.
Your rate of interest is not determined by the amount of security that you installed. Instead, it depends on the type of strategy you select.
YouHodler uses the exact same rate of interest for all its users. As the neighborhood grows, the company hopes that its rate of interest will also drop appropriately. YouHodler also has an affiliate program to encourage its users to welcome others to sign up with the platform to help accelerate this goal.
Pros of YouHodler:.
Strong Security. YouHodler put in place numerous methods to keep your funds safe..
Strong Insurance. Crypto assets are insured for up to $150 million.
Stablecoin Interest. YouHodler offers a few of the very best interest rates for stablecoins.
Distinct Functions. You’ll find cool products 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 quite recent compared to its rivals.
Currencies to Obtain. Depending on the currencies you use as collateral, you can only get loans in USD, EUR, GBP, and BTC..
Year established: 2018.
Headquarters: Cyprus and Switzerland.
Licenses: European Union Financial Commission.
Currencies available to earn 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, REPRESENTATIVE, and 15 other popular coins with the list growing.
Type of service: Direct financing.
Cryptocurrencies are unpredictable creatures. To earn a profit, you have to be good at trading them or just hold and hope your crypto gains in worth. Since of volatility, neither approach is particularly simple to do.
What if you could just transfer your crypto somewhere and earn interest on it. In this manner, if the rate boosts by a percentage or not at all, you can still earn a profit. That’s what YouHodler does. It pays high interest on cost savings. If you’re in the marketplace for a crypto-backed loan, Youhodler can deal with that also considering that it loans out its crypto on deposits. Let’s see how it works.
YouHodler is a cryptocurrency exchange that concentrates on crypto financing and high-interest cost savings for Hodlers. YouHodler is based in Limassol, Limassol, Cyprus. Youhodler Review Youtube
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 as well as in about a dozen other countries.