YouHodler Review

YouHodler is a relatively new crypto loan service that was launched in 2019. They are based in Switzerland and owned by Naumard Limited. The company is registered in Cyprus. The main focus of YouHodler is crypto backed loans and interest earning crypto accounts but they also offer other services as well. Our YouHodler review will examine the different services offered by the company to determine if it’s a good site for crypto investors and borrowers.

What is YouHodler?

YouHodler is a crypto lending platform where people from all over the world can borrow money. To secure a loan Litecoin or one of 17 other cryptocurrencies can be used as collateral. The loan process is fast and funds can be released in hours. They also offer interest earning crypto accounts where investors can deposit their cryptocurrency and earn interest rather than letting it sit idle while waiting for the price to increase. YouHodler has very competitive interest rates and it only takes a few minutes to get started earning. They are a worldwide company and offer their services in over 180 different countries.

How does Youhodler work?

There is a web interface and a mobile app for Youhodler. On the website, you can borrow money, earn interest, and swap Bitcoins.

Deposit at least $100 into a custodial wallet and finish the Know-Your-Customer processes to get started. Users must present a photo ID and address verification to deposit fiat (traditional) currency.

YouHodler Interest Account

The YouHodler interest rates savings accounts are very competitive with others in the industry. The minimum deposit to open an account is $100. YouHodler accepts many different cryptocurrencies. The cryptocurrencies that can be deposited to interest earning accounts are USDT, USDC, PAX, TUSD, DAI, HUSD, EURS, BTC, ETH, LINK, UNI, COMP, MKR, LTC, XRP, XLM, BNB, PAXG, DASH, EOS, BCH, and HT. Interest rates vary depending on the cryptocurrency. Most stable coins pay 12% APY. The other cryptocurrencies rates range from 2.5% to 7%.  Interest is paid in the same currency as deposited. There are no fees required to open an account but depositors will have to verify their identity. Getting started with an account is easy:

• Click the “Earn Crypto” button on the YouHodler site
• Enter the requested information. A copy of a passport or other official ID will be needed to comply with KYC requirements.
• Deposit your preferred cryptocurrency to start earning interest.

 Interest will be paid every week and even if funds are withdrawn before the end of a weekly period, interest will be paid for the days and hours of the uncompleted week those funds were held by Youhodler.

Services

Youhodler Calculator

To help you choose the right loan settings, we’ve created a helpful loan calculator. To choose financing that’s best for you, use our COMP loan calculator to evaluate different lending programs. The form includes fields for loan length, price-down allowance, and loan payback. If you wish to borrow in compound rates, use the calculator to determine which payment option is most convenient for you.

Multi HODL

With Youhodler’s exclusive Multi HODL function, you can use a portion of your deposited funds to speculate on the rise or fall of the value of the local currency in order to potentially boost your profits.

A chain of loans will be started by using Multi HODL, which entails borrowing money, purchasing more cryptocurrency, and repeating this cycle up to 25 times. This series of loans enables leverage and gaining even more from the volatility in the price of cryptocurrencies. It has a fee for using the value of the collateral, just like any other loan. In the Multi HODL detailed review, you can see the specifics of your upcoming deal.

Dual Assets

Linking two assets—a cryptocurrency asset and a stablecoin—is done using dual assets. This means the market and user have an opportunity to maximize their yield by correctly estimating an asset’s potential for future growth. This product is perfect for cryptocurrency investors who want to increase their yield over conventional “hodling” strategies while also better managing their risk.

Anyone can use their digital assets to their advantage through the Dual Asset initiative, which creates win-win situations. The biggest feature of the service is that even inexperienced investors can participate in the profitable strategy thanks to the Youhodler service’s simplicity of use, which sets it apart from other DeFi and cryptocurrency investment platforms.

Turbocharge

The Turbocharge feature of Youhodler establishes a network of loans. As your level of borrowing increases, so does the amount of cryptocurrency pledged as security. It will automatically purchase more cryptocurrency with the traditional currency that you borrow, and use that to secure another loan. Your loan can be turbocharged three to ten times. You don’t get any of this money because every additional loan is utilized to increase the amount of cryptocurrency you already hold. If the value increases, you benefit. If it fails, you might lose the original collateral and any costs; all that would be left would be the money from the final loan.

YouHodler Exchange

Youhodler provides a wide selection of cryptocurrency conversion tools that you may use to purchase and sell cryptocurrencies on the platform. To earn cryptocurrency can sometimes seem difficult and confusing for newcomers. However, one of Youhodler’s services is to provide a safe crypto exchange platform. Trading more than 50 cryptocurrencies is possible, and you can profit from their volatility. Fees are low and transactions are completed quickly. The top 20 cryptocurrencies like Bitcoin, Ethereum, and Litecoin are available as well as others and new crypto is being added on a regular basis. The fiat currencies supported are the Euro (EUR), US dollar (USD), Great Britain Pound (GBP), and the Swiss Franc (CHF). Crypto may be purchased using Visa, MasterCard, or with payments from SEPA bank accounts.

Crypto-backed loan

One of the highest loan-to-value ratios (LTV), up to 90%, is offered by Youhodler. The LTV gets smaller over time. According to its website, it offers 90% LTV for terms of 10 and 30 days. In the remaining 61, 91, 180, and 360 days of the loan duration, it drops to 70%, 60%, and 50%, respectively. At the conclusion of the loan term, it permits a one-time payment. As the LTV ratio declines over time, so does the interest charged on loans. However, Youdhodler does not offer the Bitcoin-Loan-No-Collateral service.

Wallet

For conversions between cryptocurrencies and fiat currencies as well as deposits and withdrawals, Youhodler offers a website just for wallets. Additionally, confirmed users can increase exposures by selecting the “Boost” symbol.

Between external and Youhodler wallets, users can easily transfer the supported cryptos.

Through the wallets page:

• By selecting the “Boost” symbol, users can add additional crypto or money. This is a multiplier function that uses some of the money in your Youhodler wallet. An easy way to use the Multi HODL feature is through this.
• Users get to convert crypto and fiat in their possession.
• Users can deposit and withdraw fiat and cryptocurrency.

Supported Cryptocurrencies

Investors and traders can access both the most well-known and lesser-known cryptocurrencies through Youhodler.

The following cryptocurrencies are supported by the platform: 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

Youhodler Withdrawal Fee

The minimum investment needed to start earning income on Youhodler is $100, however, the least deposit amount for cryptocurrency is equivalent to USD 5 in value. Stablecoin deposits and any other cryptocurrency deposits are free. However, to withdraw on Youhodler may also require fees depending on the crypto, plus there is also the Youhodler free withdrawal.

Paying loan fees

Depending on the asset and loan term/loan-to-value (LTV) ratio, loan fees (the interest rates themselves) range from 1.70% to 7.50% of the overall loan value. Using the Youhodler calculator, you may get more precise costs and information.

Users can also use Changelly, a partner of Youhodler, to buy cryptocurrency with a bank card. You will be charged a fee by Changelly for each Bitcoin purchase you make. You can also sign up for the Youhodler signup bonus which is available for newcomers.

YouHodler Promo Code

YouHodler has an affiliate program that pays a $150 fee to affiliates who bring customers to their platform. Rather than Youhodler promo code affiliates will share their affiliate tracking link with potential customers. Commissions can be paid in fiat money or cryptocurrency.

Youhodler Alternatives

There are quite several alternatives to Youhodler in the crypto market. This provides safe lending, borrowing, buying, and saving of stablecoins and cryptocurrencies. Some of the platforms that can be likened to Youhodler are ;

Nexo

Nexo offers well-liked and fiercely competitive savings accounts.

Numerous users of Bitcompare pick Nexo because of its excellent rates (up to 12% APY) and range of up to 38 coins.

Hodlnaut

A leader in savings account providers is Hodlnaut.

With amazing rates of up to 12.7% APY, this option is particularly well-liked in the Bitcompare community and trusted by thousands of people every month.

BlockFi

With the help of the user-friendly smartphone application BlockFi, you can swap, buy, or sell cryptocurrencies at the cheapest prices while also earning money on each transaction. To enable everyone to get started right away, it is free of complicated criteria and registration costs.

CoinLoan

A leader among savings account providers is CoinLoan.

With amazing rates of up to 12.3% APY, this option is particularly well-liked in the Bitcompare community and trusted by thousands of people every month.

BTSE token

One of the most secure cryptocurrency exchanges in the world is BTSE. BTSE’s potent high-frequency trading engine, horizontal scalability infrastructure, and self-hosted servers enable a quick and effective crypto trading platform. Purchase Bitcoin securely on the BTSE with the All-in-One Order Book for greater liquidity and the best Bitcoin rate. Credit card top-ups can also be used to fund accounts more quickly.

Whalefin Exchange

Welcome to WhaleFin, your one-stop shop for buying, selling, trading, and investing in cryptocurrencies. Coins like Bitcoin, Ethereum, and Tether can all be purchased for as low as one US dollar. Safely store your cryptocurrency! trusted by over 1 million people globally.

Freeway Crypto

The platform’s native utility token is called Freeway Tokens. AuBit Freeway is a ground-breaking new asset management platform created to maximize total returns on the best investment products available worldwide without raising risk exposure.

Youhodler vs BlockFi

Youhodler and BlockFi are two of the first and greatest sites for buying and selling cryptocurrencies as well as acquiring loans secured by cryptocurrencies. Beginner or intermediate cryptocurrency owners, investors, or traders who are hesitant to use any platforms situated outside the USA prefer to use BlockFi. The fact that Youhodler is unavailable to users in the USA is a significant downside.

For crypto holders and traders outside of the USA, Youhodler is the best platform for beginners, intermediate users, and even advanced users. In comparison to the BlockFi review, Youhodler offers greater rates on savings accounts, lower rates on loans, and reduced fees. Such distinctive features as Multi HODL and Turbocharge are present.

Mobile and App

All iOS and Android mobile devices can now download the brand-new Youhodler app for free. The app is a condensed version of the platform that features a crypto-fiat wallet with all of Youhodler’s coin/token, fiat, and stablecoin options. For loan administration, there are also deposit/withdrawal features and a new profile control panel available. Youhodler is available for Cloud, iPhone, iPad, and Android.

Is Youhodler legit (Safe)?

To sum up, Youhodler is a reliable platform that provides numerous advantages for Bitcoin owners in a variety of methods. Wise crypto owners are looking for ways to generate income from their holdings in order to avoid having them “go to sleep” in the best crypto wallets. Cryptocurrency trading provides a way of doing this. Youhodler is a company that offers crypto-backed loans, and it was founded on the premise that customers should HODL their crypto assets during bearish markets and SELL them during bullish ones.

The majority of YouHodler funds are stored offline. Assets are secured by the Ledger Vault, a leader in global security. The Ledger Vault has a customized program to insure digital assets up to $150 million through Arch UK Lloyds of London Syndicate. Investors with more than $10000 in their account can disable withdrawal. It can be enabled again only at the account holder’s request and proof of identity must be provided. YouHodler complies with EU laws and has legal obligations it must uphold. Although deals made on the platform are automatic they still constitute a legally binding contract that falls under EU laws.

Contact and Support

Customer service at Youhodler prides itself on being “award-winning.” They appear to be, based on reality, given that the site appears to receive a lot of positive online user reviews.

The website contains a wealth of educational resources as well as responses to most questions from the Youhodler staff. In case you can’t locate something specific in the tutorials, there is also a chatbot in the website’s Help area. Additionally, if that doesn’t help, you can always contact customer service via email or online chat to receive a callback within two minutes.

Conclusion

YouHodler has attractive interest rates on crypto savings accounts with no fees. They offer quick turnaround times for loans and a high LTV of 90% in some cases. They have come up with some innovative tools to leverage crypto for those who like a more aggressive investment strategy.  YouHodler is a good choice for investors wanting to generate some income with cryptocurrency just sitting in their wallets and for anybody looking for a quick short term loan. Read our BlockFi review to learn what other crypto lending platforms have to offer.