The rapid growth of cryptocurrency shows no signs of stopping. As traditional assets lose yield, institutional and ordinary investors are shifting to cryptocurrency.
As crypto markets are highly volatile, most investors do not want to sell their holdings even when the markets are down. This opens a huge market for crypto lending platforms like YouHodler that allows users to acquire loans instantly, by leveraging their cryptocurrencies for EUR or USD.
YouHodler is a bridge between the conventional centralized financial systems and the decentralized digital economy.
What is YouHodler?
YouHodler is a crypto-backed lending platform based in Switzerland that allows customers to take out low-interest loans by pledging their cryptocurrency as collateral, allowing them to save money. YouHodler believes in the concept that consumers should HODL their cryptos during low markets and sell them when the market rises.
The exchange allows the users to borrow fiat anytime based on the present value of crypto assets. It offers users 50+ supported coin investments along with stablecoins.
With users from 180 countries, the platform offers crypto-to-fiat and crypto-to-crypto financial services that guarantee financial returns for its users.
Compound interest is credited to the user’s account every week after they deposit cryptocurrency. If the user does not choose to withdraw their interest, their earnings will increase automatically. Further interest is computed every 6 hours.
Products Offered
Savings accounts: Users can deposit crypto in their verified savings account and earn interest up to 12.3% on stable coins without any risk. YouHodler gives users the highest interest rates with no locking time and an option of instant withdrawal.
The exchange also assures users a weekly interest on the deposited crypto and the ability to use savings funds as collateral for lending products. Thus users can take a limited risk with an asymmetrically high level of potential profit.
One-click Exchange: The one-click exchange allows users to buy crypto with fiat via bank wire or credit card and convert fiat into crypto or stable coins in seconds.
Users can purchase and trade cryptocurrencies on the site using YouHodler’s comprehensive suite of crypto conversion tools, saving time, money, and avoiding risks on external crypto exchange platforms.
YouHodler’s cold and hot crypto wallet technology is supported by a team of competent developers and delivers top-of-the-line security. All credit card transactions are subject to PCI Security Standards, and all crypto operations are done according to Cryptocurrency Security Standard (CCSS) with external security audits taking place regularly.
MultiHODL: This feature help users multiply a certain crypto asset using instant cash loans. This feature is a beginner-friendly trading tool used to multiply funds with borrowed funds without an opening or closing fee.
Based on the chain of loan principle, it lets users trade up and down ongoing trends with ease thus avoiding the risk of volatility on the crypto market.
With Multi HODL users can extract profit in any market condition, regardless of whether the market goes up or down. Choose a favorite coin and select an acceptable level of risk with a multiplier from X2 to X50, and catch the trends on the charts.
The platform lets users monitor their progress and close trades when they wish to profit or get their money back. If the price falls below your loss level, their trade will be instantly closed.
Crypto-backed Loans: The exchange provides the highest loan to value ratio of 90% for the crypto you pledge to avail cash with no fees for crypto deposits or withdrawals.
The crypto loan calculator helps users choose a loan plan. The loan approval takes seconds unlike in peer-to-peer (p2p) platforms where users need to find a lender. Users can get loans in EUR, USD, CHF, GBP, BTC, or stablecoins and withdraw cash instantly to their personal bank account. The exchange offers 3 different tariffs:
- 30 day (90% LTV) – 2.5%
- 61 day (70%LTV) – 3.2%
- 180 days loan (50%LTV) – 8%
The platform also provides a list of advanced features like ‘Increase loan-to-value, ‘Extend Price Down Limit’, ‘Manage loan duration’, etc to manage your loan conditions and react to the market’s movements.
Turbocharge – This innovative feature based on the automated chain of loans principle helps users create up to 15 crypto-backed loans automatically to gain more benefits. The platform purchases cryptocurrency without commission, using borrowed fiat, and then utilizes it as collateral for subsequent loans in the chain.
A bullrun can be too fast to take manual action, once your collateral coin hits the take profit price, YouHodler automatically uses the collateral to repay the fees. Users can get the rest of the crypto back and benefit from the price’s growth.
The exchange lets users repay the full amount and get up to 6.5% on their collateral for the initial price. Users can use this collateral to repay the loan and take the rest of the deposited crypto using the “Close now” option.
Final Word
The platform complies with EU legislation and laws, giving it a competitive advantage over other platforms from a legal standpoint. It also keeps track of transactions and prevents unlawful activities like money laundering and terrorism financing.
YouHodler keeps customer funds in cold storage, which is safe and secure. YouHodler has worked with a number of renowned Swiss and European banks to safely hold its users’ borrowed assets. It also ties the deal legally and meets EU standards and laws.
LedgerVault, a global security leader, safeguards YouHodler customers’ funds and provides an additional multi-authorization self-custody solution for its users.
The platform offers a dedicated help section where the users can learn about how certain products work and the platform’s loan terms and conditions.
Customers can make use of their help section to research different products like Turbocharge loan or MultiHODL. The user can contact the support team through live chat or send an email to [email protected].
Thus YouHodler helps users unlock the value of crypto assets by providing various features and services to maximize the yield from their crypto holdings.
To know more about the platform, visit their official website.
Disclaimer: This is a paid post and should not be treated as news/advice.
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