YouHodler Review 2022 and why FXPremiere Partnered up
YouHodler is a crypto lending space headquartered in Switzerland, offers users minimal interest loans by pledging their cryptocurrency as collateral, which helps them save funds.
The YouHodler exchange allows the users to borrow fiat anytime based on the present value of crypto assets. It has become one of the well-known crypto-banks by offering its customers several supported coin investments that include BTC, UNI, ETH, BNB, etc., along with stablecoins like USDC, USDT, TUSD, DAI, PAX, and HUSD. You can read out YouHodler Review for more information about the platform.
| Official Website | https://www.youhodler.com/ |
| Headquarters | Switzerland |
| Found in | 2018 |
| Native Token | No |
| Listed Cryptocurrencies | 22+ |
| Supported Fiat Currencies | USD, EUR, CHF, GBP |
| Minimum Deposit | 0.1 BTC, vary in various currency |
| Deposit Fees | Bank wire – 0 (except USD SWIFT – 25 USD fee per deposit, EUR SWIFT – 25 EUR fee per deposit) Credit card – 4 to 7% (1 USD/EUR minimum) Crypto – 0 , Stablecoins – 0 |
| Trading Pairs | N/A |
| Trading Fees | Average |
| Withdrawal Limit | For Bank card – 2 USD / 2 EUR For Bank wire – 500 for USD; 50 for EUR; 500 for CHF and GBP |
| Withdrawal Fees | Depends on Currency |
| APY | 12% |
| App | Yes |
| Customer Service/Support | Email, Live chat, and Help Center |
YouHodler Review 2022 and why FXPremiere Partnered up
Understanding YouHodler
According to the YouHodler reviews, this platform was established in 2018. YouHodler offers crypto-to-fiat and crypto-to-crypto financial services.
Using YouHodler exchange, users can get cheaper fiat loans in EUR, USD, GBP, CHF using crypto as collateral. It offers several crypto investment options to users worldwide; they do not offer services to Iraq, China, Bangladesh, North Korea, and the US.
As per the YouHodler review, this exchange is a member of the blockchain association and the financial commission in Western Switzerland.
YouHodler Review 2022 and why FXPremiere Partnered up
How to Use YouHodler?
Using the YouHodler platform offers a hassle-free experience. The user can find whatever they want to know about the cryptocurrency investment and the ownership of cryptos. They can use this platform to make the most out of their crypto assets.
One of the simple and efficient tools offered by the platform is the YouHodler wallet. It allows the users to hold their cryptocurrencies for investment purposes.
Using the YouHodler crypto-to-fiat wallet, the user can manage their funds, get loans, and start crypto savings account with this platform.
How to Obtain a Loan at YouHodler?
The most appealing feature of YouHodler is its capacity to offer loans to its users. It provides a simple and flexible option to get into the cryptocurrency market.
Their crypto-backed credit line permits the users/customers to borrow money. They can receive money instantly; in this way, the user need not touch their crypto holdings which eliminates several risks associated with investment decision making.
The next step is to create an account, transfer more cryptos to the wallet. The user can request a loan, and they need to check all the loan options available regarding the loan duration, extend loan duration, price down limit, and the loan-to-value ratio. After clicking the loan of their choice, it gets approved in a few seconds.
The user can get back their initial collateral anytime if they repay their loan.
This exchange accepts different crypto coins as collateral, and their loan-to-value ratio is offered up to 90%. This is considered a competitive price in this sector which makes them the leader in the cryptocurrency lending space.
Services Offered by YouHodler
In just two years, it has evolved as a full-fledged ecosystem by offering an extensive crypto-fiat financial service. In this way, this platform helps crypto investors make the most out of the price fluctuation of the cryptocurrencies without the need to trade them.
The main priority for any crypto loan platforms provider is to safeguard their cryptocurrency assets. YouHodler offers users an exclusive cryptocurrencies wallet that allows users to use their services safely and efficiently.
YouHodler crypto lending products offer users to borrow cash using the cryptocurrency as collateral assets without selling them. This can be achieved through the crypto collateral-backed loans process.Some of the other features include MultiHODL and Turbocharge, similar to margin trading tools that help users multiply a certain crypto asset using instant cash loans. YouHodler savings accounts offer a high yield, and they are a safe and secure way to earn interest through stablecoins and other cryptocurrencies. Users interested in investing in cryptocurrencies with YouHodler to earn interest will receive their interest directly to their cryptocurrency wallet.
YouHodler Review 2022 and why FXPremiere Partnered up
Crypto Loans Offered by YouHodler
YouHodler allows the user to deposit their crypto in their exchange for a loan in EUR or USD. This platform provides three different option crypto loan for their customers:-
| COIN/TOKEN | WITHDRAWAL FEE |
|---|---|
| For 30 days | LTV 90% |
| For 60 days | LTV 70% |
| For 180 days | LTV 50% |
If the LTV is higher, the less the crypto the user needs to deposit.
How to Request a Loan at YouHodler?
Here are the steps to requesting a loan with YouHodler:-
- This platform provides several options for applying for the first loan in fiat or Bitcoin.
Loan Terms and Amounts of YouHodler
According to the YouHodler review, YouHodler provides various loans for the user to choose from with their own set of conditions. It offers three loan durations like 30 days with an LTV of 90%, 60 days with an LTV of 70%, and 180 days with an LTV of 50%.
The loan’s interest rate is determined by the type of loan chosen by the user and not according to the amount of collateral offered by the user.
Features of YouHodler
Here are the important features offered by YouHodler:-
Open a Crypto Account with YouHodler Today!
- MultiHODL is the best choice for those who like to increase their risk to get bigger rewards. MultiHODL is an innovative tool that helps users to increase their funds and to maximize their potential profits. Using MultiHODL, the users can keep 80% of their crypto deposits in their crypto savings account that offers a guaranteed fixed income.
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YouHodler Review: Pros and Cons
Pros Cons Supports crypto-fiat currency and crypto-crypto conversions. It does not offer the highest returns for stablecoins when compared with other platforms. High LTV ratio and weekly compound interest. The minimum deposit is $100. Extensively monitored and safe platform. It does not provide higher Bitcoin lending returns. Offers flexible loan repayment options. The users need not undergo credit checks. The user can withdraw profit instantly. Provides up to 12% APY for stablecoins. Earn Interest in Your Crypto on YouHodler
YouHodler is one of the great ways for users to use their digital assets and their fiat currency. In this way, the user can deposit the crypto and earn interest from it. They can do this by transferring their cryptos to their savings verified account to use different types of cryptocurrency. If the user does not have the correct crypto type, they need to convert them into fiat.
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How Do Crypto Loans Work on YouHodler?
The first step is to transfer crypto to the YouHodler wallet. This platform accepts several cryptocurrencies as collateral; it does not charge any fees for crypto withdrawals and deposits.
- The approval of the instant crypto loans takes only a few seconds, and the user need not find any peer-to-peer platform for this process. They can instantly receive fiat currencies like USD, EUR, CHF, or stablecoins.The user can get back their crypto collateral anytime, and they can repay the loan through stablecoins, personal credit card, or bank wire transfer.
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Opening a YouHodler Savings Account
One of the easiest ways to start earning passive online income is through the savings account offered by the platform. This platform offers different stable coins and cryptocurrencies to select from.
- Instantly YouHodler will start calculating their interest, and they will update the earnings every 4 hours, paying the profit to the users every seven days. YouHodler Review 2022 and why FXPremiere Partnered up
- Further, users can deposit funds worth $100,000 cryptocurrencies into their YouHodler account. If they want to earn interest for the amount above $100,000, they can open a MultiHODL position, thereby earning interest on the value of the entire amount.
YouHodler Cryptocurrency Wallet App
YouHodler provides a wallet app where the user can exchange, store, and spend 18 cryptocurrencies and 7 stablecoins. The wallet app is available in the Google play store and Apple app store. In this way, it makes it easier for the users to manage their crypto portfolios on the go. YouHodler Review 2022 and why FXPremiere Partnered up
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Is YouHodler a Safe Platform?
YouHodler valuable crypto assets are insured with LedgerVault. Seen as YouHodler is a blockchain association member, which implies that the user can go for dispute resolution using this authority outside the platform. BlockFi partners with Visa
This platform complies with EU regulations and laws, which have a competitive edge compared with other platforms from a legal vantage. Crypto Exchange Nexo Launches Leverage Product for Retail Traders
YouHodler Security
The YouHodler secures their client funds in cold storage, and it is safe and offline. YouHodler has partnered with several reputable banks in Switzerland and Europe to safely store their user’s borrowed funds. The global security leader LedgerVault secures the funds of YouHodler customers and offers an extra multi-authorization self custody method for its users. Crypto Week In Review
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FAQs
Is YouHodler Legit?
According to the YouHodler review, YouHodler is a legit platform that offers a faster and easy way to secure a loan. It helps the users to trade and lend their cryptocurrencies all in one platform.
Can the Us Customers Use YouHodler?
According to the YouHodler reviews, this platform is not the best bet for users in need of long-term loans as interest rates are very high.
- Where Is YouHodler Based?YouHodler is based in Cyprus, and its operations are carried out in Switzerland
- Privacy Policy
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