Overview of YouHodler
If you're looking to earn interest on your digital coins, you will understandably want to use a platform that can profit you. This is where YouHodler comes in. This Swiss-based company has created an online platform that lets you earn interest on the cryptocurrencies you deposit, be they Bitcoins, stablecoins, or any of the other major currencies that are in place within the digital world today.
Not only can investors gain interest on their cryptocurrencies, but they can also leverage it for loans. This is where YouHodler rises above others in their field, and they have grown in size because of the services that they offer.
What Services does YouHodler Offer?
At a quick glance, you can expect the following features.
- Integration with major cryptocurrencies and stablecoins
- The option to use cryptocurrency as collateral when taking out a loan
- Multiple fiat payment methods
- The option to switch fiat money to crypto assets
- A high-yielding cryptocurrency savings account
- Web and mobile wallets
- An integrated wallet for both fiat and crypto
It does need to be said, however, that not all countries can use the services of YouHodler at the time of writing. Their platform is not currently available to citizens in the USA, for example, so you will need to get in touch with the customer service team to find out if you are eligible to make use of their services.
Manage Your Crypto in a YouHodler Wallet
With a YouHodler wallet, you can store and manage your digital assets. Designed with efficiency and simplicity in mind, you can store Bitcoin and other popular cryptocurrencies. From your wallet, you can convert or exchange your cryptocurrency to fiat, open a savings account, receive your interest yields, manage your investments, and take out loans.
You can access the YouHodler wallet on the platform website or through an app that can be downloaded onto your mobile device.
Obtain a Loan
YouHodler stands out in this field, with an excellent loan-to-value ratio of 90%, and the acceptance of a diverse array of digital coins. Users can receive cash and cryptocurrency loans in USD, EURO, CHF, GBP, and even Tether (USDT) and Bitcoin (BTC).
The application process is quick and seamless, with no credit score checks to worry about, and no lengthy deliberations on whether you should be allowed a loan. Provided you have sufficient collateral and your account is verified, you’ll receive an agreed loan amount that you can either accept or reject.
You can also take out multiple loans using YouHodler's Turbocharge service. The platform will automatically use the borrowed funds from the first loan to buy more crypto and give you another loan. There is no additional fees if you use this service, and you can benefit from the reduced interest rates on each loan.
Open a Savings Account
By opening a savings account with YouHodler, you can earn interest on the coins you deposit. Currently, YouHodlser accepts an array of cryptocurrencies for savings but if you don't have those that are listed on the site, you can convert the ones you do have.
Opening a YouHodler savings account is relatively easy. You simply go to your 'Wallets' page, choose to add funds, and follow the deposit instructions. You can then sit back and watch your savings grow.
To boost your savings, you might also want to make use of the Multi-HODL product featured on YouHodler's website. This helps you make the most of your savings with an advanced investment strategy, combining the best of crypto exchanges and CFD trading into one.
How Safe is YouHodler?
YouHodler has marketed itself as a safe servvice to use. They claim to have followed the industry best practices for IT security checks, data protection, access rights, and data encryption. Crypto assets are securely held using Ledger Vault's industry-leading information technology infrastructure, and all credit card operations are under PCI-security standards.
The company has complied with EU laws and is an active member of the' Blockchain Association of Financial Commission and the Crypto Valley Association.'
For extra peace of mind, customers are protected by the Independent Financial Commission’s efficient dispute and resolution process.
How Do I Open An Account With YouHodler?
Signing up is easy, whether you want to access a loan or begin your savings account. Simply follow the sign-up advice provided by YouHodler and follow the instructions on the page.