Hailing from Switzerland, YouHodler prides itself as a next-generation fintech platform the place customers could make the most out of their crypto stash. It is a cryptocurrency change and lender the place you should purchase/promote/change crypto and earn curiosity on crypto deposits. Additionally, it’s also possible to take short-term loans by protecting cryptocurrencies as collateral.
Whether you’re a hodler eager on incomes passive earnings out of your long-term crypto investments or a dealer searching for a buying and selling platform with superior instruments, YouHodler guarantees to all the time have your again.
YouHodler: An overview
Just since you’re hodling for the lengthy haul doesn’t imply which you can’t use your crypto stash to generate passive earnings now or handle your rapid monetary wants. That is what YouHodler emphasizes whereas promising customers the best rates of interest in the market.
YouHodler is a hybrid platform that runs a cryptocurrency change alongside a lending program. Additionally, it additionally affords crypto financial savings choices with excessive yields.
The crypto mortgage desk affords loans in a number of main fiat currencies and cryptocurrencies together with stablecoins. Meanwhile, the crypto saving function, which is mainly a new-generation crypto banking platform, affords as much as 10.3% yearly curiosity on crypto financial savings accounts.
This is decrease than what the platform used to supply just a few months earlier, however nonetheless convincingly beats the rates of interest provided by most opponents. (Details under).
YouHodler crypto banking companies
Borrow utilizing your crypto as collateral
If you’re in want of money however don’tii wish to promote your crypto, YouHodler’s lending program presents itself as a sexy choice to mull over. The lending program helps you to borrow money by protecting your crypto as collateral.
The loan-to-value ratio, or LTV, is relatively excessive. For these out of the loop, the LTV of a lending program represents the share of the collateral you’ll be able to borrow. For instance, a lending program with an LTV of 70 helps you to borrow $70 in opposition to $100 price of collateral.
YouHodler at the moment affords an LTV of 90, which suggests if in case you have a cryptocurrency price $100, you’ll be able to borrow $90 in opposition to it. Note that it is a secured mortgage and subsequently, no credit score checks are required. The approval course of can also be fairly quick — the truth is, nearly instantaneous.
You additionally get the choice to borrow in USD, GBP, EUR, CHF, or stablecoins and different cryptocurrency.
Earn curiosity in your crypto
Hodling is little question a reliiable manner for long-term traders to navigate the crypto market’s volatility and faucet on its long-term potential. With a platform like YouHodler, nevertheless, hodling doesn’t imply sitting on a quasi illiquid asset.
That’s as a result of the platform affords you as much as 8% annual curiosity on property similar to BTC, ETH, SOL, DOT, AVAX, and PAXG. And in case you maintain stablecoins similar to (e.g. USDT, USDC, USDP, BUSD, DAI, HUSD, TUSD, and EURS utilizing YouHoderl’s crypto banking companies, the annual rate of interest goes as excessive as 10.3%.
Interests compound weekly and we are able to withdraw funds at any time. It is price noting right here that every one pursuits are paid in the identical foreign money as the one you might be holding. For instance, if you’re holding bitcoin, your curiosity might be paid in bitcoin (versus fiat or another cryptocurrency).
Another attention-grabbing bit about the platform is that it doesn’t have a local token. That means you possibly can relaxation assured figuring out that there might be no shilling of any over-promising and doubtlessly under-delivering shitcoin.
Trading with YouHodler
For starters, certainly one of the greatest benefits of YouHodler is that it permits you to instantly convert any cryptocurrency out there on the platform to a different. To elaborate, in most typical crypto exchanges you might need to execute a dialog in two steps. For instance, whereas changing Solana to Cardano, you might need to first change SOL to USDT and then purchase ADA with that USDT. In YouHodler, nevertheless, you’ll be able to convert SOL straight into ADA.
With YouHodler, you’ll be able to commerce Bitcoin and different cryptocurrencies on as much as 50x multiplier.
Multi HODL is a rewarding however dangerous service for anybody trying to make hefty earnings from market volatility. It is a user-friendly service with quick execution.
Basically, Multi HODL offers you a chance to capitalize on market actions. You can use this service to play together with your crypto whether or not the worth of a cryptocurrency will enhance or lower (going “lengthy” or “brief”).
You can use a multiplier of as much as x50 to drastically enhance your margin of revenue. While YouHodler suggests varied strategies to handle dangers and by no means use 100% of your funds, remember the fact that buying and selling on leverage will all the time enhance danger ranges proportionately.
Turbocharge is a singular function constructed on the so-called “cascade of loans” precept. Here, you’ll be able to clone your collateral to earn sizable earnings in case of constant worth progress.
Turbocharge helps you to clone your crypto as much as eight occasions with an LTV of 90% (7-day tariff). The platform prices solely a flat payment — no rollover charges or different hidden surcharges by any means. You can set a “take revenue” worth and make the most out of a bull run. On the flip aspect, nevertheless, there is a component of danger (as is the case with most high-risk, high-gain investments).
For perspective, let’s assume you place down 0.5 BTC on a 30-day mortgage at an LTV of 90%. You get a mortgage of 0.4 BTC, that means now you will have a complete of 0.9 BTC.
Now, think about that the market takes a beating and the BTC worth falls 15% over the subsequent few days. This might trigger your authentic BTC to be offered to cowl your debt, which suggests you’ll be left with fewer BTC than you started with. (Note that that is an over-simplistic clarification of the danger related to Turbocharge). YouHodler helps you to Turbocharge your mortgage anyplace between 3-10 occasions.
YouHodler Dual Assets
The Dual Asset service is a straightforward technique to stake crypto or stablecoins and earn high-interest charges. It’s a multi-faceted, “win-win” resolution for customers that wish to take part in liquidity swimming pools and swap protocols with out the complexity of superior DeFi platforms. The result’s an easy-to-use crypto wealth administration product for everyone with returns as excessive as 365% APR.
It’s a model new service of the platform which was launched just a few days in the past. As the identify suggests, Dual Assets contain linking two property – one cryptocurrency asset and one stablecoin. This offers the consumer and the market an opportunity to earn a bigger yield primarily based on predicting an asset’s future progress potential.
To earn related yield percentages on DeFi protocols, one should overcome a number of steps. For instance, it’s good to create a Metamask pockets, keep in mind your seed phrase, purchase your crypto on one other change, deposit that crypto to Metamask, join your Metamask pockets to a liquidity pool or DeFi protocol, and verify you made no errors in the course of and then begin producing yield.
With YouHodler’s Dual Assets, you merely have to deposit crypto to your YouHodler wallets and open a deal utilizing the Dual Assets function. It’s that easy and the returns are related. It’s like DeFi however easy and quick.
YouHodler charges and withdrawals
YouHodler assures that it by no means locks funds and customers are free to withdraw at any time. This is certainly a giant step in direction of instilling confidence amongst its rising user-base
The charges are typically aggressive compared to different well-liked crypto exchanges. The pricing construction is comparatively easy and clear. Here are just a few generally encountered charges:
Bank wire withdrawals: EUR (SEPA) – 5 EUR, USD (SWIFT) – 1.5% (min 70 USD)Loan Close now payment: 1%Reopen Loan: Interest payment + 1% service paymentIncreasing collateral and loan-to-value ratios: 1.5%
Fees levied from fiat-to-crypto conversions and cryptocurrency buying and selling varies relying on the kind of the transaction. For instance, the fiat-to-bitcoin conversion payment is to the tune of 0.5%. However, if you wish to convert BTC to ETH, then the payment may even be in BTC and might fluctuate relying on the BTC worth at the time.
The minimal withdrawal restrict is $5-$50 for cryptocurrencies (together with stablecoins).
Click right here to search out the particulars surrounding YouHolder charges.
YouHodler buyer assist
YouHodler prised itself on its “award-winning” customer support. And from the appears of it, they’re not far off from details provided that the platform appears to attract largely optimistic suggestions from customers on-line.
The web site has numerous studying supplies and solutions from the YouHodler staff on most points. There can also be a chatbot on the Help part of the web site simply in case you’re unable to search out one thing particular in the tutorials. And if that doesn’t work too, you possibly can all the time attain out to a buyer assist agent through on-line chat or e-mail and get a callback in 2 minutes.
For these , listed below are just a few attention-grabbing details about YouHodler’s rising consumer base.
All the data contained on our web site is printed in good religion and for common data functions solely. Any motion the reader takes upon the data discovered on our web site is strictly at their very own danger.