YouHodler is a Swiss company focused on providing secured cryptocurrency loans. With cryptocurrency lending services, users can withdraw loans immediately. YouHodler is one of the best performing stablecoin savings services on the market.
The company was founded by Ilya Volkov in February 2017. In addition to its headquarters in Switzerland, YouHodler also has an office in Cyprus.
The company offers the highest loan-to-value ratio in the industry, up to 90%. This is also the highest in the entire market. Also, the short-term loan rate it offers is only 3% which is very low.
All services are available through the platform's desktop applications and mobile applications for the iOS and Android operating systems.
What are YouHodler's main products?
YouHodler provides two main products and two complementary products. YouHodler Main Products:
Crypto savings accounts (interest accounts).
Two additional products that YouHodler have added to their arsenal:
1. Crypto loans
Crypto loans, as their name suggests, are loans that you can get by securing your digital crypto assets. YouHodler allows you to use 18 different coins as collateral:
Bitcoin, Ethereum, BinanceCoin, Ripple, Stellar, Litecoin, Bitcoin Cash, Bitcoin SV, Dash, EOS, Chainlink, Augur, Basic Attention, Ethereum Classic, TRON, Cardano, Monero, Tezos.
Depending on the token that you have chosen as collateral, you will be able to choose one of the following plans:
30-day loan: Loan commission 3%, LTV 90%, price reduction limit -5%.
60-day loan: Loan commission 5%, LTV 70%, PDL -25%.
120-day loan: Loan commission 9%, 50% LTV, -40% PDL.
All loans can be reopened indefinitely. Users just need to pay a loan fee to resume work for another 30, 60, or 120 days. In addition, customized loan plans are available upon request.
2. Savings account
YouHodler is a great option for hodlers to make money by putting their cryptocurrencies in the YouHodler wallet and letting the company borrow them to its users, and then paying them an interest rate for this service.
You can annually earn 12% on Euros, earn 12% on US Dollars, earn 12% on Pounds Sterling.
As for cryptocurrencies, you can annually earn 12 % on all stablecoins, earn 4.8 % on Bitcoin (BTC), and earn 3 % on Binance Coin (BNB).
This is a proprietary version of YouHodler Turbo Credits in which you can start a cascade of credits that the app automatically grants you. You set the initial collateral and the number of loans that the platform should create: from 3 to 10.
Why are you doing this?
Well, if you predict bullish growth in cryptocurrency prices, you need to have as much cryptocurrency as possible in order to make more profit. Basically, you lend yourself money and buy more cryptocurrency with it.
You set a profit-taking price so that the app can sell automatically if your cryptocurrency goes up. As soon as this happens, YouHodler will pay the commission, deposit, and transfer the remaining profit to you.
4. Multi HODL
Multi HODL uses the so-called barbell investing strategy. It combines the best of both worlds of investing. You can keep most of your funds in a safe, stable, and profitable savings account, and use a small portion of your funds to invest in risky trading with the potential for high returns.
With Multi HODL, you keep 80-90% of your crypto assets in a secure savings account, where you earn up to 12% interest rates.
The rest of your funds, 10-20%, will be used to obtain a chain of loans (similar to a turbocharger) and invest that money in risky assets that can explode or break. You set your risk conditions (for example, how much the portfolio of your choice can fall in price before you stop your losses and close positions).
In the case of a crypto bull run, the value of your coins will multiply and the profits will go straight to your account. In the event of a price decrease, you will receive your initial deposit back, minus the actual loss.
Thus, you are risking only a small part of your portfolio and exposing yourself to huge advantages and acceptable disadvantages.
YouHodler wallet security
YouHodler keeps the money that users keep in their YouHodler wallet in highly reputable and reputable banks in the EU and Switzerland safe.
YouHodler adopts Ledger Vault technology to reduce the risk of hacking, reduce the risk of human error and, at the same time, maintain a self-contained security system.
All credit card transactions are performed according to PCI Security Standards, while crypto transactions are performed according to Cryptocurrency Security Standard (CCSS).
On the other hand, YouHodler complies with EU laws and has extensive and strict legal obligations. Each loan transaction entered into on the platform is automatic but constitutes a legally binding agreement that is subject to EU laws.
In addition, YouHodler is an official member of the Blockchain Association, an independent and self-regulated crypto subgroup of the larger Financial Commission. This association ensures that all YouHodler customers have the ability to resolve disputes outside of the YouHodler platform. If at some point YouHodler does not meet your expectations, they can file a complaint with the Association and receive a quick, impartial, and non-binding decision.
Simple and easy-to-use app.
Unique features like TurboCharge and Multi HODL.
It is safe and secure.
Earning potential of up to 12% with the savings account.
Quick and instant withdrawal.
No fees for crypto deposits or withdrawals.
Minimum loan amount of $ 100.
Flexible investment options.
It is a relatively new platform.
Some loan terms have slightly high-interest rates.
It is not available to US residents.
YouHodler is a reliable company that offers the highest LTV, competitive interest rates, rising mortgage options, and unique features like turbo loans, savings accounts, Multi HODL, and cryptocurrency conversions.
It provides a fast, easy way to borrow, lend and trade your cryptocurrency safely, all in one app.