It has seen unprecedented growth for the cryptocurrency market in 2021. This is only the tip of an iceberg. CoinGecko estimates that the total crypto market value reached $2.3 trillion on December 17, 2021. This is according to CoinGecko which has almost 12,000 coins. It is the most important innovation of these recent decades. This technology has advanced to the point that crypto can be used in our everyday transactions. Numerous projects aim to provide great services for crypto traders and investors.

YouHodler is a fintech platform offering crypto-backed lending. In his statement, the CEO of YouHodler, Ilya Volkov said, “We are happy to welcome Hodlers to our platform that allows them to hedge their crypto portfolio or receive additional funds to strengthen it. We’re excited to offer a new service for the coins that are presented on YouHodler. We believe that the more utility any coin has, the more value it brings to its users and to the entire community.”

YouHodler Crypto Loan

YouHodler’s crypto loan program allows users to borrow in EUR, USD or CHF and then withdraw to their personal and credit card accounts. For crypto loans that have the highest Loan to Value ratio (90%) you can use your top 40 coins. You can borrow for 7 days to 30 days or 61 days and then 180 days. A loan amount of 41513.65 USD is available for 1 collateral. A crypto loan calculator is available on the platform to assist you in choosing the best loan plan. Once a loan plan has been chosen, a request for a loan is made and approved within seconds. There is no need to locate a lender, as you do on peer-2-peer (p2p). Instantly you can receive money in any currency that you prefer, including USD, USDT and stablecoins. YouHodler is the only way to make this happen.

It works as a pawnshop, where you are the seller and YouHodler the buyer. YouHodler allows you to purchase the cryptocurrency again after a time. When the price drops below the “Price Down Limit” (PDL) level, YouHodler is forced to sell users’ collateral and close the deal.

YouHodler Savings Account

Customers can use the Crypto savings account offered by YouHodler to gain access to digital assets. There are many benefits to the reward. You get a 12.3% annual interest (USDT). It is much higher than traditional bank rates. YouHodler gives clients flexibility, making it possible to withdraw and deposit funds from anywhere, anytime. It also offers total protection for funds in its system. The platform uses a mix of hot and cold wallet storage to provide maximum security. The whole earned amount of crypto interest is deposited into the users’ wallets at the end of each weekly settlement period. The user can choose to withdraw these rewards, or to keep them for compound interest.

YouHodler Exchange

YouHodler lets users exchange fiat, cryptocurrency and stablecoins. They have low fees and real-time execution, which allows them to avoid the risks associated with other crypto exchange platforms. It is possible to buy cryptocurrency using a Visa, MasterCard or SEPA credit card. This exchange works just as well as traditional banking and is extremely convenient. Secure wallet with hot/cold wallet combination and PCI security standards, according to Cryptocurrency Security Standard – CCSS.

User Benefits

• All crypto-, fiat and stablecoins can be converted to one universal currency.
• All major digital assets are available.
• Ledger Vault offers digital asset management and $150 million pooled crime insurance.
• Weekly compound interest payments in crypto and stablecoins
• OTC: The ability to borrow against savings.
• Cash in a flash from our fiat money.

Conclusion

YouHodler gives crypto investors the chance to succeed in the cryptocurrency market. They provide capital access and allow them to invest. Crypto-backed projects that are backed by cryptocurrency should also be capable of offering services to complement and enhance banks. YouHodler seems to be taking this bull by the horn. For more information, visit the YouHodler site.

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