Looking for Youhodler Support…YouHodler is a Swiss-based business that functions as a crypto-backed loan service provider. Among its primary principles is that you can still HODL, without having to wait on a spike to offer.
It permits users to obtain fiat funds quickly, based upon the value of their cryptocurrency asset holdings. Apart from that, one can convert crypto to crypto, crypto to fiat, and also engage with stablecoins.
The most beneficial feature would be the option to withdraw fiat to a personal bank account or individual charge card. Users can also 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 fast and effective, enabling users to transfer their crypto possessions with ease.
The platform concentrates on providing a well-rounded experience for its users. You will discover 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 simpleness and efficiency in mind. You can transfer your cryptocurrency, convert it to fiat, and hold the funds for investment functions in your wallet. The company offers devoted wallet styles for Bitcoin and over 14 other popular cryptocurrencies.
Is YouHodler legitimate? Youhodler Support
Possibly the most significant feature at YouHodler is its ability to provide you loans. A financier might think about these financing 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 require it without touching your crypto portfolio at all. It removes a huge part of the threat that accompanies financial investment choices.
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%. Outpacing its rivals, YouHodler accepts 15 different digital coins as security.
Users can get both instant money 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 interest rate as low as 2.5%.
Now let’s break down the loan procedure that YouHodler has in place.
YouHodler provides you a couple of alternatives to select 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 initial application procedure works as follows:
Make a request using your crypto assets as collateral
Quickly get an agreed loan amount in fiat (USD, EURO, and Stablecoins, Bitcoin).
Once you repay the loan, you will instantly get the collateral back, no matter whether its worth has increased.
As you can see from the above, the procedure is as smooth as it could be. The company does not carry out any credit score checks or require time to consider whether you are eligible for a loan. On the contrary, if you have enough security and a validated account, you are excellent to go.
How do you get paid on YouHodler?
Loan Terms and Quantities.
YouHodler has different plans for loans that come with predefined terms.
There are 3 alternatives for loan periods:.
30 days– 90% LTV.
60 days– 70% LTV.
180 days– 50% LTV.
Your rates of interest is not figured out by the quantity of security that you installed. Rather, it depends on the type of strategy you choose.
YouHodler offers the very same interest rate for all its users. As the community grows, the service provider hopes that its rate of interest will likewise drop accordingly. YouHodler likewise has an affiliate program to motivate its users to invite others to join the platform to assist accelerate this objective.
Pros of YouHodler:.
Strong Security. YouHodler put in place numerous ways to keep your funds safe..
Solid Insurance. Crypto assets are guaranteed for approximately $150 million.
Stablecoin Interest. YouHodler uses some of the best interest rates for stablecoins.
Special Functions. You’ll find cool products such as the Multi HODL and the Turbocharge, which you won’t discover anywhere else.
Versatile Terms. You can increase the period of your loans at any time.
High LTV. The leading 20 coins can be utilized 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 competitors.
Currencies to Obtain. Depending upon the currencies you utilize 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 readily available to earn interest: Fiat (USD, EUR, CHF, GBP), crypto (BTC), and stablecoin loans (USDT, USDC, TUSD, PAX, PAXG).
Currencies available for loaning: BTC, BCH, BNB, ETH, LTC, XLM, XRP, DASH, HT, ASSOCIATE, and 15 other popular coins with the list growing.
Kind of service: Direct loaning.
Cryptocurrencies are volatile creatures. To make a profit, you need to be proficient at trading them or simply hold and hope your crypto gains in value. Since of volatility, neither method is particularly easy to do.
What if you might just transfer your crypto somewhere and make interest on it. In this manner, if the cost 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 savings. If you remain in the marketplace for a crypto-backed loan, Youhodler can manage that also given that it lends out its crypto on deposits. Let’s see how it works.
YouHodler is a cryptocurrency exchange that focuses on crypto loaning and high-interest cost savings for Hodlers. YouHodler is based in Limassol, Limassol, Cyprus. Youhodler Support
The company’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 as well as in about a dozen other nations.