Looking for Zendesk Youhodler…YouHodler is a Swiss-based business that functions as a crypto-backed loan provider. One of its primary principles is that you can still HODL, without needing to wait for a spike to sell.
It allows users to borrow fiat funds quickly, based on the value of their cryptocurrency property holdings. Apart from that, one can transform crypto to crypto, crypto to fiat, and also engage with stablecoins.
The most beneficial feature would be the alternative to withdraw fiat to a personal savings 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 quick and effective, allowing users to transfer their crypto possessions with ease.
The platform concentrates on delivering a well-rounded experience for its users. You will find whatever that a crypto owner or an investor would potentially require. In other words, YouHodler uses a range of services that lets you harness your digital assets.
YouHodler’s wallet is developed with simpleness and effectiveness in mind. You can transfer your cryptocurrency, convert it to fiat, and hold the funds for financial investment purposes in your wallet. The company provides dedicated wallet styles for Bitcoin and over 14 other popular cryptocurrencies.
Is YouHodler legitimate? Zendesk Youhodler
Maybe the most noteworthy feature at YouHodler is its ability to offer you loans. An investor could consider these funding chances as a means of hedging. Most importantly, it provides you access to a versatile path to go into 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 investment options.
YouHodler is undoubtedly a leading player in this area– not least because it provides a top-rate loan-to-value ratio of up to 90%. Outmatching its competitors, YouHodler accepts 15 different digital coins as collateral.
Users can receive both instantaneous 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 rates of interest 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 select how you want to back your loan. You can get a loan quantity in fiat or Bitcoin– and you use several altcoins as collateral.
The preliminary application process works as follows:
Make a demand utilizing your crypto possessions as collateral
Instantly receive an agreed loan quantity in fiat (USD, EURO, and Stablecoins, Bitcoin).
When you repay the loan, you will right away get the collateral back, despite whether its value has increased.
As you can see from the above, the process is as smooth as it could be. The company does not carry out any credit report checks or take some time to consider whether you are qualified for a loan. On the contrary, if you have adequate collateral and a validated account, you are excellent to go.
How do you get paid on YouHodler?
Loan Terms and Quantities.
YouHodler has different packages for loans that include predefined terms.
There are three alternatives 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 installed. Rather, it depends on the type of plan you select.
YouHodler offers the very same rates of interest for all its users. As the neighborhood grows, the service provider hopes that its interest rates will likewise drop accordingly. YouHodler likewise has an affiliate program to encourage its users to welcome others to join the platform to assist accelerate this objective.
Pros of YouHodler:.
Strong Security. YouHodler put in place many ways to keep your funds safe..
Solid Insurance. Crypto assets are insured for approximately $150 million.
Stablecoin Interest. YouHodler uses a few of the best rate of interest for stablecoins.
Unique Features. 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 current compared to its competitors.
Currencies to Obtain. Depending upon 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 offered to make 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 financing.
Cryptocurrencies are volatile animals. To earn a profit, you need to be proficient at trading them or just hold and hope your crypto gains in value. Because of volatility, neither approach is particularly easy 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 given that it loans out its crypto on deposits.
YouHodler is a cryptocurrency exchange that concentrates on crypto lending and high-interest savings for Hodlers. YouHodler is based in Limassol, Limassol, Cyprus. Zendesk Youhodler
The company’s CEO is Ilya Volkov. YouHodler is a main Blockchain Association member of the Financial Commission. YouHodler is not offered in the United States in addition to in about a lots other nations.