1652844780
In this post, you'll learn What is YouHodler | How to Usse YouHodler.
YouHodler is an online exchange designed to support the trading of cryptocurrencies and more. Described as a hybrid CeDeFi platform, YouHodler offers innovative DeFi products, breaking away from more traditional exchange frameworks.
Founded in 2018, with headquarters in Switzerland and Cyprus, YouHodler supports the trading of the largest cryptos by market cap. YouHodler also supports the following cryptos:
Tether, USDC, Pax Dollar, TrueUSD, DAI, HUSD, EURS, Uniswap, Compound, Maker, SushiSwap, yearn.finance, Synthetix, OmiseGo, Paxos Gold, Stellar, 0x, Bancor, Dash, Tron, EOS, Polygon, Aave, Huobi Token, Tezos, Basic Attention Token, and Augur. The platform does add new coins to their portfolio on an ongoing basis, however, to increase their crypto market coverage.
While supporting the trading of cryptos, YouHodler has a number of other key product offerings. These include crypto loans, interest, multi HODL, and Turbocharge.
As a multi-product platform, YouHodler is secure and regulated. Regulations include
YouHodler is a global platform that supports all countries with the exception of the following:
Afghanistan, Bangladesh, China, Cuba, Germany, Iran, Iraq, North Korea, Pakistan, Sudan, South Sudan, Syria, United States of America, US Minor Outlying Islands, US Virgin Islands.
YouHodler Platform Attributes
Key attributes of the YouHodler platform include:
If you are holding cryptocurrency for the long term, it makes sense to look for ways to earn interest on your assets. YouHodler plays around 5% interest on alt coins and around 12% on stablecoins, depending on the currency. Interest compounds weekly, and is paid in the same currency -- you can't deposit Bitcoin and earn interest in dollars. You can withdraw your funds any time.
These rates compare well with other crypto lenders on the market, but it is important to shop around and weigh up your options. For example, you can earn money on some cryptocurrencies by staking them (tying them up to basically make the network more stable), or providing liquidity (committing your coins on a trading platform to make trading more fluid). Each option has its pros and cons.
If you have cryptocurrency and need cash, YouHodler lets you use your crypto as collateral. It offers high loan-to-value ratios (LTVs). LTV is the percentage of collateral available to borrow. (For example, if someone had $1,000 worth of cryptocurrency and the LTV was 90%, they'd be able to borrow $900.)
Since this is a secured loan, there's no need for a credit check, and it's usually approved instantly. However, think carefully before you take out any loan -- you save on interest if you wait until you can pay the costs up front.
YouHodler lets customers buy crypto on leverage and use other advanced trading tools. For example, you can bet on the price of a cryptocurrency going up or down (going "long" or "short"). You can also turbocharge your investments by using borrowed money, which we cover in more detail below.
This can be a pro or a con, depending on your point of view. If you want to trade cryptocurrency anonymously, YouHodler is not for you. On the other hand, if you want reassurance that you're investing with a company that wants to avoid laundered money, this is an area YouHodler takes seriously.
YouHodler scores 4.4 out of 5 on TrustPilot. Reviewers praise their quick customer service and high interest rates. One warning note: Some customers gave YouHodler poor reviews, mainly for its withdrawal options. Before you move large amounts of money to any cryptocurrency exchange, make sure you are confident about how to take it out again.
The Pros and Cons
Pros
Other positives include
Cons
YouHodler has a mobile app and web interface. You can exchange cryptocurrencies on the site, earn interest, and borrow money.
To get started, deposit a minimum of $100 into a custodial wallet and complete its know your customer (KYC) procedures. To deposit fiat (traditional) money, users must provide a photo ID and proof of address.
YouHodler lets non-U.S. customers earn passive income on their crypto holdings. Savers can earn some of the highest rates in the industry on both crypto and stablecoins. Interest compounds weekly. The idea is that YouHodler rewards you for HODLing (crypto slang for Holding On for Dear Life).
At the same time, YouHodler recommends placing 10% to 20% of your investments into its high-risk MultiHODL tool. You use this tool to borrow money and bet on whether the value of specific cryptocurrencies will increase or decrease. And you can leverage your investments by up to 30 times, increasing your potential profit -- and your risk levels.
YouHodler suggests several ways to mitigate the risk involved, but clients should be aware that these are trading tools aimed at professional investors.
Borrowers can put down crypto as collateral to get loans in dollars, euros, pounds, Swiss francs, Bitcoin, or stablecoins. The money can be deposited to a bank account, withdrawn to a credit card, or used on the exchange to buy crypto. Bear in mind that there may be a withdrawal fee (covered below).
YouHodler offers three standard loans, each with a different term and loan-to-value ratio (LTV). It also sets a "price down limit," which is how far the value of the crypto collateral can fall before YouHodler will sell the collateral and close the loan. As you can see in the table below, there isn't a lot of leeway on a 30-day loan with a 90% LTV. However, YouHodler gives borrowers the chance to add more collateral if needed.
Here's how the three loan types work out on a $5,000 loan that uses Bitcoin as collateral:
LOAN DURATION | 30 DAYS | 61 DAYS | 180 DAYS |
---|---|---|---|
LTV ratio | 90% | 70% | 50% |
Price down limit | 5% | 25% | 40% |
Crypto collateral value | $5,555.56 | $7,142.85 | $10,000 |
Total fees and interest | $105 | $160 | $400 |
APR | 25.55% | 19.14% | 16.22% |
Data source: YouHodler. APR calculated by author.
Some additional features to watch out for:
Turbocharge and borrowing to buy crypto
YouHodler actively encourages users to borrow using their crypto as collateral and buy more crypto. It's tempting. But borrowing to buy any risky investment is not a great idea, because if it loses value, you could lose your money.
Let's say you put down 0.2 BTC on the 30-day loan at 90% LTV. You get 0.18 BTC, giving you 0.38 BTC in total. The price of Bitcoin falls by 5%, triggering the price down limit. Your original Bitcoin gets sold to cover your debt, and you're left with 0.18 BTC. You just lost 10% of your original Bitcoin.
YouHodler's Turbocharge function creates a chain of loans. It automatically uses the traditional currency you borrow to buy more crypto, and uses that crypto as collateral against another loan. You can turbocharge your loan between three and 10 times. You don't receive any of this cash, because each additional loan is used to multiply the crypto you own. If the value goes up, you win. If it goes down, you could lose your original collateral and any fees, and you're left with any remaining funds from your final loan.
What's most worrying about YouHodler is that it presents risky investment strategies without a lot of information about the dangers involved, or education to help users manage those risks. The company name suggests this is a safe place to hold your crypto, but the Turbocharge and MultiHODL functions encourage you to take risks with it.
The exchange fees on YouHodler are in line with other cryptocurrency exchanges. However, pay attention to the costs to deposit and withdraw your money. Work out how much interest you need to earn to cover, say, a $70 withdrawal fee before you deposit your cash.
Please be aware that the information on YouHodler's website is not always consistent. We've used the rates from its wallet which don't always match the figures on its fees page.
Please be aware that the information on YouHodler's website is not always consistent. These numbers come from the transaction pages of a Youhodler.com wallet.
TRANSACTION | FEES |
---|---|
SWIFT bank wire | $25 or 25 Euro |
Credit card | 4.5% |
AdvCash account | 1% |
Crypto and stablecoins | No cost |
Data source: Deposit option on YouHodler.com wallet, July 2021.
Please be aware that the information on YouHodler's website is not always consistent. These numbers come from the transaction pages of a Youhodler.com wallet.
TRANSACTION | MINIMUM | FEES |
---|---|---|
SWIFT bank wire in USD | $70 | 1.5% or $70 whichever is greater |
SWIFT bank wire in EUR | 500 Euros | 55 Euros |
SEPA bank wire in EUR | 50 Euros | 5 Euros |
GBP bank wire | 500 Pounds | 55 Pounds |
Credit card (Currently unavailable) | $5 or 5 EUR when available | 3.5% when available * |
Crypto | Varies by crypto | Varies by crypto |
* Can change by country. Data source: Withdraw option on YouHodler.com wallet, July 2021.
Fees to convert fiat to crypto or trade cryptocurrency vary depending on the transaction. For example, there's a $1 fee to convert $100 to Bitcoin (1%). There's a 0.000040 BTC fee to convert 0.02 BTC into Ethereum (0.2%).
Rates are comparable with other exchanges. However, the trade may take between five and 30 minutes to process, and the rate may change during that time.
If you use the MultiHodl feature, you pay an origination fee, hourly fees, and a 10% profit share if you make money.
To open an account, go to the YouHodler homepage and click on the ” Get Started” icon as shown below:
Complete the requested information. This includes Country of Residence, email, and password.
Agree to receiving YouHodler platform updates and acknowledge that you have read and agree to the privacy notice, Ts and Cs, Data Processing Addendum, AML/KYC Policy, Terms of Conversion Services, and Complaints Process and then click “Sign Up”.
In order to unlock Multi HODL, Turbocharge, loans, savings, and conversions, you will need to verify your email and your phone number.
In order to complete the basic verification process, go to your profile page by clicking the “Profile” icon located on the left-hand side of your YouHodler page.
Upon completion of the basic verification, users will then need to complete the account verification process to have access to the multi-product offerings.
In order to complete the account verification process, simply go to your profit page:
Step 1: Sign Contract
Step 2: Confirm Identity
Click on the “Start” icon to complete your identity confirmation.
Step 3: Confirm Address
Click on the “Start” icon to complete your address verification.
Please note that the document should be issued within the last 3 months and must contain the date of issue.
Upon completion and verification of Step 3, users will have access to YouHodler’s full product suite, including fiat operations.
Upon completion of the verification process, you will now need to make a deposit to begin trading and making full use of YouHodler’s product offerings.
Users may either:
In order to make a crypto deposit, go to the “Wallets” page.
Once your funds have reached your YouHodler wallet, YouHodler will notify you by SMS and email and you can then begin enjoying YouHodler’s full product suite.
Users may also deposit fiat money by way of bank transfers and purchase supported cryptos by credit/debit card. Please see fiat currency deposit section below for details.
YouHodler gives investors and traders access to the most popular cryptos in the market place and also some lesser known cryptos.
Supported cryptos include but are not limited to:
Tether, USDC, Pax Dollar, TrueUSD, DAI, Binance USD, HUSD, Bitcoin, EURS, Ethereum, Chainlink, Uniswap, Compound, Maker, SushiSwap, yearn.finance, Synthetix, OmiseGo, Paxos Gold, Dogecoin, Litecoin, Ripple, Stellar, 0x, Bancor, Binance Coin, Cardano, Dash, Tron, EOS, Polygon, Bitcoin Cash, Aave, Polkadot, Huobi Token, Tezos, Basic Attention Token, and Augur.
In order to exchange a crypto for another crypto or fiat currency, go to the Wallets page.
YouHodler supports the buying and selling of supported cryptos with crypto and fiat currencies via the exchange platform.
In addition to providing traders with an exchange platform, YouHodler also offers users loans, interest, and ways to increase crypto market driven yields.
YouHodler has dedicated wallets page to support crypto and fiat conversions as well as deposit and withdrawals. In addition, verified users also have the option to boost exposures by clicking the “Boost” icon.
Users may readily transfer YouHodler supported cryptos between external and YouHodler wallets.
Users may readily transfer YouHodler supported cryptos between external and YouHodler wallets.
Via the “Wallets” page:
Do note that, for each wallet, YouHodler provides individual crypto fiat balances as well as balances in USD Dollars. A total balance is also available in EUR or USD.
YouHodler enables the deposit and withdrawal of crypto and fiat currencies.
For investors looking to deposit or withdraw fiat or purchase crypto by credit/debit card, you will need to complete the account verification process.
Users may the deposit and withdrawal of YouHodler supported cryptos.
In order to make crypto deposits and withdrawals, go to the “Wallets” page as shown below:
Select the crypto wallet listed on the “Wallets” page and click the deposit option. For demonstrative purposes, we have chosen Bitcoin (“BTC”).
Once you have selected the deposit option, copy the wallet address to your external wallet or scan the QR code and complete the transfer.
Once your Bitcoin have reached your YouHodler wallet, you will receive an SMS and an email notification.
(In order to avoid making an error in entering the address details, it is recommended that you scan the QR code to transfer from your external wallet to your YouHodler wallet).
For withdrawals, users are able to withdraw cryptos by transferring out from the YouHodler wallets to external compatible wallets.
In order to withdraw your crypto, select the wallet from which you wish to withdraw your crypto and click the “Withdraw” icon.
In order to deposit fiat currencies, go to the wallets page and select the fiat currency that you wish to deposit.
You may add additional fiat currency wallets by clicking the “+ Add Wallets” icon.
In order to withdraw fiat, go to your wallets page and select the fiat wallet from which you wish to make a withdrawal.
Please note that bank processing times and fees vary depending upon bank wire method. There are also minimum withdrawals depending upon currency. See below:
As previously discussed, users may use the exchange feature as well as Turbocharge and Multi HODL to gain exposure to the fiat and crypto markets.
YouHodler gives users access to the crypto markets via the YouHodler exchange.
Here, users may exchange fiat for crypto, crypto for crypto or crypto for fiat.
Simply go to the Wallets page and select the crypto or fiat that you wish to exchange, by clicking the Exchange icon.
Once you have placed your order, the transaction will appear in your wallet history and also on the Transaction History page.
Go to the Turbocharge page and then click “+ Create New Turbo”.
YouHodler’s Multi HODL is a tool to multiply your crypto assets using a portion of your YouHodler wallet balance.
Here, the advantage is that users can keep the majority of funds safely in a wallet while earning interest and using some amount to engage in trading activities with high-profit potential.
The platform uses your Multi HODL assets to open the first loan in an automated chain of loans. With the borrowed funds from the first loan, the platform buys more crypto and uses it as collateral for a second loan in the chain. The process repeats itself from 2 to 50x depending upon the user’s Multiplier Level.
To use the Multi HODL feature:
YouHodler is right for you if:
YouHodler is an exciting option for users looking to earn interest on their coins and earn 12% interest per year. The main benefit of YouHodler is that your coins remain yours according to YouHodler’s terms and conditions. The platform offers competitive rates, which is one of the main reasons you should consider YouHolder when earning interest on your coins.
If you are looking for a reliable platform to earn interest in your cryptocurrency YouHodler is one of the best options on the market.
Read more: Guide to Margin Trading Crypto
Thank you for reading!
#blockchain #cryptocurrency #bitcoin #defi
1648115675
Germany was the first country to recognize #Bitcoins as “units of value” and that they could be classified as a “financial instrument.”
Legal regulation for the decentralized industry in Germany is ongoing. Now, 16% of the German population 18 to 60 are #crypto investors.
These people who own #cryptocurrencies or have traded cryptocurrencies in the past six months.
41% of these #crypto investors intend to increase the share of their investments in #crypto in the next six months. Another 13% of Germans are #crypto-curious.
They intend to invest in #cryptocurrencies too. Yet, only 23% of the #crypto-curious said they are highly likely to invest, with the rest remaining hesitant.
1624987004
Swift Loans provides quick personal cash loans online in Australia that can be deposited into your bank account within 60 minutes. Apply for a fast loan!
Visit here: https://www.swiftloans.com.au/cms/quick-loan
#payday loans #short term loans #instant loans #cash loan #holiday loans #travel loans
1624568400
Want to meet with Nate in person? Attend Bitcoin 2021 in Miami.
0:38 Black Wednesday in Crypto
1:00 Crypto Crash Leads to Issues on Exchanges
1:16 Insider Predicted Bitcoin Crash?
1:35 China Announces Limitations on BTC Mining
1:49 U.S. Treasury Limiting Crypto Privacy
2:12 Societe Generale Prefers Gold over Bitcoin
2:27 Millennials Prefers Doge over Bitcoin
2:46 Wells Fargo to Offer Crypto Investment
3:04 Cathie Wood Still Thinks BTC Could Reach $500K
📺 The video in this post was made by 99Bitcoins
The origin of the article: https://www.youtube.com/watch?v=n2Vv25nszVo
🔺 DISCLAIMER: The article is for information sharing. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Not investment advice or legal advice.
Cryptocurrency trading is VERY risky. Make sure you understand these risks and that you are responsible for what you do with your money
🔥 If you’re a beginner. I believe the article below will be useful to you ☞ What You Should Know Before Investing in Cryptocurrency - For Beginner
⭐ ⭐ ⭐The project is of interest to the community. Join to Get free ‘GEEK coin’ (GEEKCASH coin)!
☞ **-----CLICK HERE-----**⭐ ⭐ ⭐
Thanks for visiting and watching! Please don’t forget to leave a like, comment and share!
#bitcoin #blockchain #crypto #crypto crash #this week in crypto #crypto crash intensifies
1615353436
Antier Solutions is a leading crypto exchange software development company in the USA offering a comprehensive range of services to deliver the world’s best crypto exchange platform. Antier Solutions has a team of skilled blockchain developers who couple their expertise and knowledge to develop top-notch exchanges fortified with best-in-class features. At Antier Solutions, they deliver result-oriented services to deliver meaningful outcomes that help to increase investors’ interest and accomplish your business goals. For details, visit Antier Solutions.
Email: info@antiersolutions.com
For more information, call us: +91 98550 78699 (India), +1 (315) 825 4466 (US)
#crypto exchange software #crypto exchange development company #cryptocurrency exchange software #crypto exchange platform software #crypto exchange development #crypto exchange development company
1621420849
Antier Solutions is a globalized dynamic blockchain development company, assisting the clients with the finest Crypto Exchange Development Services in the market. Being one of the pioneers in the cryptocurrency exchange software development, we also offer instant White label cryptocurrency exchange platform, scalable according to the customer’s requirements, and simultaneously ensuring that the vital factors such as flexibility, transparency, security, controllability, and accuracy are met. We also have cybersecurity experts to protect your assets in the most efficient way possible.
For more information, call us: +91 98550 78699 (India), +1 (315) 825 4466 (US)
Email: info@antiersolutions.com
#crypto exchange development services #crypto exchange development #best crypto exchange development services #crypto exchange development company #antier solutions #crypto exchange development software