Looking for Youhodler User Not Confirmed…YouHodler is a Swiss-based company that functions as a crypto-backed loan company. Among its main ideas is that you can still HODL, without needing to wait for a spike to sell.
It permits users to borrow fiat funds instantly, 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 alternative to withdraw fiat to a personal bank account or individual credit 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 quick and effective, allowing users to transfer their crypto properties with ease.
The platform concentrates on delivering a well-rounded experience for its users. You will discover whatever that a crypto owner or a financier would perhaps need. Simply put, YouHodler offers a variety of services that lets you harness your digital properties.
YouHodler’s wallet is designed with simplicity and effectiveness in mind. You can transfer your cryptocurrency, convert it to fiat, and hold the funds for investment purposes in your wallet. The business uses dedicated wallet styles for Bitcoin and over 14 other popular cryptocurrencies.
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Maybe the most notable feature at YouHodler is its capability to offer you loans. An investor might think about these funding opportunities as a means of hedging. Most importantly, it provides you access to a flexible path to get in 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 threat that accompanies financial investment options.
YouHodler is undoubtedly a leading player in this space– not least due to the fact that it offers a top-rate loan-to-value ratio of up to 90%. Exceeding its competitors, YouHodler accepts 15 different digital coins as security.
Users can get both instantaneous 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 could get your interest rate as low as 2.5%.
Now let’s break down the loan procedure that YouHodler has in location.
YouHodler gives you a few choices to select how you want to back your loan. You can look for a loan quantity in fiat or Bitcoin– and you utilize numerous altcoins as security.
The preliminary application procedure works as follows:
Make a request using your crypto possessions as security
Quickly get an agreed loan quantity in fiat (USD, EURO, and Stablecoins, Bitcoin).
When you repay the loan, you will instantly get the security back, no matter whether its worth has actually increased.
As you can see from the above, the procedure is as seamless as it could be. The company does not perform any credit report checks or take time to consider whether you are eligible for a loan. On the contrary, if you have sufficient collateral and a validated 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 3 options for loan durations:.
1 month– 90% LTV.
60 days– 70% LTV.
180 days– 50% LTV.
Your rate of interest is not figured out by the quantity of collateral that you installed. Instead, it depends upon the kind of strategy you select.
YouHodler offers 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 also has an affiliate program to motivate its users to invite others to join the platform to assist accelerate this goal.
Pros of YouHodler:.
Strong Security. YouHodler put in place many ways to keep your funds safe..
Solid Insurance coverage. Crypto properties are guaranteed for up to $150 million.
Stablecoin Interest. YouHodler provides a few of the best rate of interest for stablecoins.
Special Features. You’ll find cool items such as the Multi HODL and the Turbocharge, which you won’t discover 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 Borrow. Depending on the currencies you utilize as collateral, you can only receive 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 loaning: BTC, BCH, BNB, ETH, LTC, XLM, XRP, DASH, HT, REPRESENTATIVE, and 15 other popular coins with the list growing.
Kind of service: Direct financing.
Cryptocurrencies are unpredictable animals. To earn a profit, you need to be proficient at trading them or just hold and hope your crypto gains in value. Since of volatility, neither technique is particularly simple to do.
What if you might 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 considering that it lends out its crypto on deposits.
YouHodler is a cryptocurrency exchange that specializes in crypto financing and high-interest savings for Hodlers. YouHodler is based in Limassol, Limassol, Cyprus. Youhodler User Not Confirmed
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.