Youhodler Vs Blockfi – Limited time offer

Looking for Youhodler Vs Blockfi…YouHodler is a Swiss-based business that acts as a crypto-backed loan provider. One of its main principles is that you can still HODL, without needing to await a spike to offer.

It permits users to borrow fiat funds immediately, based upon the worth of their cryptocurrency possession holdings. Apart from that, one can transform crypto to crypto, crypto to fiat, and likewise engage with stablecoins.

The most useful feature would be the option to withdraw fiat to a personal checking account or individual credit 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 effective, enabling users to transfer their crypto properties with ease.

The platform focuses on providing a well-rounded experience for its users. You will find whatever that a crypto owner or a financier would perhaps require. To put it simply, YouHodler provides a range of services that lets you harness your digital properties.

YouHodler Wallet

YouHodler’s wallet is developed with simplicity and effectiveness in mind. You can transfer your cryptocurrency, transform it to fiat, and hold the funds for financial investment functions in your wallet. The business uses dedicated wallet designs for Bitcoin and over 14 other popular cryptocurrencies.

Is YouHodler legitimate? Youhodler Vs Blockfi

Perhaps the most significant feature at YouHodler is its ability to offer you loans. A financier could consider these financing opportunities as a means of hedging. Most importantly, it provides you access to a versatile course 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 danger that accompanies investment options.

 

YouHodler is undoubtedly a leading player in this space– not least because it uses a top-rate loan-to-value ratio of as much as 90%. Outpacing its rivals, YouHodler accepts 15 different digital coins as collateral.

Users can receive both immediate 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 fairly 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 choices to choose how you wish to back your loan. You can request a loan quantity in fiat or Bitcoin– and you utilize numerous altcoins as security.

The preliminary application procedure works as follows:

Make a request utilizing your crypto assets as security
Quickly receive an agreed loan quantity in fiat (USD, EURO, and Stablecoins, Bitcoin).
When you pay back the loan, you will instantly get the security back, regardless of 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 perform any credit rating checks or take some time to consider whether you are eligible for a loan. On the contrary, if you have sufficient security and a confirmed account, you are excellent to go.

 

How do you get paid on YouHodler?

  • Loan Terms and Amounts.

    YouHodler has various plans for loans that come with predefined terms.

    There are three alternatives for loan durations:.

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

    Your rates of interest is not identified by the amount of security that you installed. Instead, it depends upon the type of plan you select.

    YouHodler provides the exact same rates of interest for all its users. As the community grows, the provider hopes that its interest rates will also drop appropriately. YouHodler likewise has an affiliate program to encourage its users to welcome others to sign up with the platform to help accelerate this objective.

     

    Pros of YouHodler:.
    Strong Security. YouHodler put in place many ways to keep your funds safe..
    Strong Insurance. Crypto assets are guaranteed for up to $150 million.
    Stablecoin Interest. YouHodler uses a few of the very best rate of interest for stablecoins.
    Unique Features. You’ll discover cool products such as the Multi HODL and the Turbocharge, which you won’t find anywhere else.
    Versatile Terms. You can increase the duration of your loans at any time.
    High LTV. The top 20 coins can be utilized as collateral 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 receive loans in USD, EUR, GBP, and BTC..
    Year founded: 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 offered for loaning: BTC, BCH, BNB, ETH, LTC, XLM, XRP, DASH, HT, REP, and 15 other popular coins with the list growing.
    Type of service: Direct lending.

    Cryptocurrencies are unstable animals. To earn a profit, you need to be good at trading them or just hold and hope your crypto gains in value. Because of volatility, neither approach is especially simple to do.

    What if you might simply transfer your crypto somewhere and earn interest on it. It pays high interest on cost savings. If you’re in the market for a crypto-backed loan, Youhodler can handle that also since it lends out its crypto on deposits.

    YouHodler is a cryptocurrency exchange that focuses on crypto financing and high-interest savings for Hodlers. YouHodler is based in Limassol, Limassol, Cyprus. Youhodler Vs Blockfi

    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 dozen other nations.