What is YouHodler?
YouHodler is a crypto-backed loan service provider. This established blockchain platform allows users to acquire loans instantly, by leveraging their cryptocurrencies for EUR or USD.
The company offers the highest loan-to-value ratio in the entire industry – up to 80%. And, unlike its competitors, it accepts five of the top cryptocurrencies as collateral, including Bitcoin, Ethereum, Litecoin, Bitcoin Cash, and Ripple. Short-term loans are available at a low interest rate of just 2.5%.
YouHodler is fast and easy to use. Loans can be taken at any time and the approval process is swift. Cash transfers are made instantly, whether sent to a bank account or issued as USDT tokens. Customer support is available 24/7, to answer any questions and expedite the process.
How to Use YouHodler
To receive a loan, begin by creating a YouHolder account. After transferring crypto assets to the YouHodler wallet, the platform functions much like crypto exchanges, such as Binance or Coinbase.
Simply choose the crypto asset that you would like to offer as collateral for a fiat loan. You will be approved instantly and receive the fiat currency of your choice, whether in USD or EUR.
YouHodler offers users an innovative way to buy low and sell high. Digital assets in YouHodler can be leveraged for cash in an instant. This enables users to gain liquidity in the short term and secure higher returns on their cryptocurrency in the future.
YouHodler is used by a wide range of crypto holders, traders, investors, miners, and blockchain companies to borrow funds instantly.
YouHodler Loan Terms
YouHodler offers three loan term lengths: 8-day, 60-day, and 182-day. The interest rate varies between 2.5% – 13%, according to the chosen loan terms. As mentioned previously, the loan-to-value ratio is expected to stand between 40% – 80%, also based on the terms of the loan.
Each member of YouHodler is equal, so the amount of collateral does not determine the interest rate. However, as the YouHodler community grows, interest rates on loans will drop.
Simply put, a greater number of borrowers and lenders will enable the platform to offer better rates to everyone, so the platform is incentivizing users to invite new members.
Security with YouHodler
YouHodler follows the best practices in security while offering a smooth user experience. Expect seamless exchanges without being bothered by unnecessary captchas.
All fiat money is kept securely in Swiss Bank Accounts. All fiat money transfers follow the required security protocols of PCI and DSS, whether for a bank transfer or for a cash withdrawal.
Crypto assets are never stored in hot wallets. All collateral is safeguarded in secure cold wallets to ensure protection. There is no risk of human error, as all processes are automated and protocol-secured. YouHolder partners with the top crypto exchanges to convert fiat to cryptocurrency.