YouHodler: Your Trusted Partner for Secure Crypto Lending, Savings, and Exchange
YouHodler is a crypto lending space headquartered in Switzerland that offers users minimal interest loans by pledging their cryptocurrency as collateral, which helps them save funds. YouHodler is a crypto-backed loan service provider, and it is established on the idea that the users HOLD their cryptos during down markets and sell them when the market goes up.
The YouHodler exchange allows users to borrow fiat anytime based on the present value of crypto assets. Since its inception, the platform has developed exponentially. It has become one of the well-known crypto-banks by offering its customers 50+ supported coin investments, including BTC, UNI, ETH, BNB, etc., along with stablecoins like USDC, USDT, TUSD, DAI, PAX, HUSD, etc. And also, YouHodler adds 5 coins per quarter.
YouHodler Summary
Official Website https://www.youhodler.com
Headquarters Switzerland
Found in 2018
Native Token No
Listed Cryptocurrencies 50+
Supported Fiat Currencies USD, EUR, CHF, GBP
Minimum Deposit $100
Deposit Fees Bank wire – 0
(except USD SWIFT – 25 USD fee per deposit, EUR SWIFT – 25 EUR fee per deposit)Credit card – 1% if depositing with an AdvCash account and 4.5% with any other account.Crypto – 0Stablecoins – 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 Depend on the Currency
APY 12%
App Yes
Customer Service/Support Email, Live chat, and Help Center
Understanding YouHodler
According to the YouHodler reviews, this platform was established in 2018. YouHodler offers crypto-to-fiat and crypto-to-crypto financial services. The users can get guaranteed financial returns when they deposit crypto funds; also, they can borrow funds against their crypto holdings. They can also convert cryptocurrencies to fiat money, to another crypto, or use stablecoins.
Using the 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. It also serves as an outlet for any dispute resolution outside their platform.
This platform is defined as a centralized finance service, and it has users from 180 countries. YouHodler adds compound interest every week to the user’s account. Users can earn more profit if they do not want to withdraw their interest. Further interest is calculated every 6 hours approximately.
YouHodler Review – Platform Interface
How to Use YouHodler?
Using the YouHodler platform offers a hassle-free experience. The user can find whatever they want to know about 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; they can also convert their fiat or crypto assets and store them in the wallet.
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; this can be compared to hedging. 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 and 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, extended 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. They can also manage their loans through the in-built loan calculator. 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.
YouHodler Reviews – Crypto Loans by YouHodler
Key Services Offered by YouHodler
- Initially, YouHodler started as a one-dimensional platform for lending or crypto loan. 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 cryptocurrencies without the need to trade them.
- The main priority for any cryptocurrency loan provider is to safeguard their cryptocurrency assets. Compared to other traditional financial institutions, cryptocurrencies are highly susceptible to security breaches; YouHodler offers users an exclusive cryptocurrency wallet that allows users to use their services safely and efficiently.
- YouHodler’s wallet service can be accessed on the mobile device through an app, and it also offers a wallet for storing the cryptocurrencies on the platform. 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 in their crypto wallet. Also, YouHodler supports not only digital currencies but also fiat.
- They also have a simple one-click exchange with the best industry rates.
