Youhodler Singapore Reddit – Limited time offer

Looking for Youhodler Singapore Reddit…YouHodler is a Swiss-based company that works as a crypto-backed loan provider. One of its main ideas is that you can still HODL, without having to await a spike to sell.

It allows users to borrow fiat funds immediately, 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 advantageous function would be the alternative to withdraw fiat to a personal savings account or personal credit card. Users can likewise hold their cryptocurrency in a YouHodler savings account.

It wouldn’t be improbable 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 everything that a crypto owner or an investor would possibly need. In other words, YouHodler uses a variety of services that lets you harness your digital assets.

YouHodler Wallet

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

Is YouHodler legitimate? Youhodler Singapore Reddit

Maybe the most noteworthy function at YouHodler is its ability to provide you loans. An investor could think about these funding chances as a means of hedging. Most importantly, it gives you access to a flexible path to enter the cryptocurrency trading markets.

With a crypto-backed credit line, you can get fiat when you need it without touching your crypto portfolio at all. It gets rid of a big part of the risk that accompanies financial investment options.

 

YouHodler is unquestionably a leading player in this space– not least because it offers a top-rate loan-to-value ratio of up to 90%. Exceeding its rivals, 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 could get your interest rate as low as 2.5%.

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

 

YouHodler offers you a few options to choose how you want to back your loan. You can obtain a loan amount in fiat or Bitcoin– and you use multiple altcoins as security.

The preliminary application procedure works as follows:

Make a demand using your crypto properties as collateral
Instantly get an agreed loan quantity in fiat (USD, EURO, and Stablecoins, Bitcoin).
As soon as you pay back the loan, you will right away get the collateral back, no matter whether its value has increased.

As you can see from the above, the procedure is as seamless as it could be. The business does not carry out any credit report checks or require time to consider whether you are qualified for a loan. On the contrary, if you have sufficient security and a validated account, you are great to go.

 

How do you get paid on YouHodler?

  • Loan Terms and Quantities.

    YouHodler has various packages for loans that include predefined terms.

    There are 3 choices for loan durations:.

    Thirty days– 90% LTV.
    60 days– 70% LTV.
    180 days– 50% LTV.

    Your interest rate is not figured out by the amount of security that you set up. Instead, it depends on the type of strategy you pick.

    YouHodler offers the very same rate of interest for all its users. As the community grows, the company hopes that its interest rates will likewise 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 goal.

     

    Pros of YouHodler:.
    Strong Security. YouHodler put in place numerous ways to keep your funds safe..
    Solid Insurance coverage. Crypto assets are insured for as much as $150 million.
    Stablecoin Interest. YouHodler uses a few of the best rates of interest 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 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 rather recent compared to its competitors.
    Currencies to Obtain. Depending on the currencies you utilize as security, you can just get loans in USD, EUR, GBP, and BTC..
    Year established: 2018.
    Head office: Cyprus and Switzerland.
    Licenses: European Union Financial Commission.
    Currencies readily available to make interest: Fiat (USD, EUR, CHF, GBP), crypto (BTC), and stablecoin loans (USDT, USDC, TUSD, PAX, PAXG).
    Currencies readily available for loaning: BTC, BCH, BNB, ETH, LTC, XLM, XRP, DASH, HT, ASSOCIATE, and 15 other popular coins with the list growing.
    Type of service: Direct lending.

    Cryptocurrencies are unpredictable animals. To earn a profit, you have to be proficient at trading them or simply hold and hope your crypto gains in value. Because of volatility, neither method is especially simple to do.

    What if you might just transfer your crypto someplace and earn interest on it. In this manner, if the rate increases by a small amount or not at all, you can still earn a profit. That’s what YouHodler does. It pays high interest on cost savings. Youhodler can handle that also given that it loans out its crypto on deposits if you’re in the market for a crypto-backed loan. Let’s see how it works.

    YouHodler is a cryptocurrency exchange that specializes in crypto loaning and high-interest cost savings for Hodlers. YouHodler is based in Limassol, Limassol, Cyprus. Youhodler Singapore Reddit

    The business’s CEO is Ilya Volkov. YouHodler is an official Blockchain Association member of the Financial Commission. YouHodler is not offered in the United States as well as in about a lots other nations.