14 min read
31 Jan
31Jan

Against the background of the growth of private portfolios of cryptocurrency assets and the rapidly developing cryptocurrency market, Crypto-loans and Savings accounts have become one of the most prominent branches of the cryptocurrency market. Traditional banking services for lending and providing savings accounts only with the help of fiat currency no longer stand up to competition with cryptocurrencies in terms of profitability. Cryptocurrencies, as a new asset class, have become the main resource for creating new highly profitable services. 

YouHodler.com : Keep Crypto. Use cash. Lend & Hodl Your Crypto & Bitcoin

Thus, the leading cryptocurrency exchanges, decentralized and centralized specialized platforms are expanding and constantly improving their services, focused on

  • 1) crypto-backed lending using fiat (USD, EUR, CHF, GBP and others), crypto (BTC, LTC, XRP and others) and stablecoin loans (USDT, USDC, TUSD, PAX, PAXG, DAI, HUSD and others), as well as
  • 2) registration of high-yield crypto-savings accounts (crypto-rewards & stacking). A serious competition for the client has begun between them, which implies a constant development of the content and quality of the services provided.

As in any business, there is a group of leading companies in the market of crypto loans and savings accounts, among which stand out such as

YouHodler.com : HODL, Earn, Borrow, Multiply

All these companies, in accordance with the theory and practice of SWOT analysis, have their own Strengths (S) and Weaknesses (W), Opportunities (O) and Threats (T) for the consumer. They are all different. Therefore, we will try to consider each of them by creating a series of articles on the BuyBitcoins24 blog for this purpose.

In this article, we will present a brief description of the company YouHodler, our user experience, and identify its main advantages for consumers of its services.

YouHodler.com : Keep Crypto. Use cash. Lend & Hodl Your Crypto & Bitcoin

What is a YouHodler?

YouHodler FinTech platform is focused on crypto-backed lending with fiat (USD, EUR, CHF, GBP), crypto (BTC) and stablecoin loans (USDT, USDC, TUSD, PAX, PAXG, DAI, HUSD), crypto/fiat and crypto/crypto conversions, as well as high-yield crypto-saving accounts (crypto-rewards & staking). The platform supports BTC, BCH, BNB, ETH, LTC, XLM, XRP, DASH, HT, REP and other popular cryptocurrencies and tokens. User's digital assets are safely guarded with Ledger Vault's advanced custody and Fireblocks security options.

YouHodler is an EU and Swiss-based brand with two main offices in Cyprus and Switzerland.

YouHodler is an active member of the Blockchain Association of Financial Commission and the Crypto Valley Association. Customers are protected by the independent Financial Commission’s efficient dispute resolution process.  

YouHodler's products

- 90% loan-to-value, TOP 20 coins as collateral.

- Better than trading: borrow to get more crypto.

- Boost your savings and keep your daily interest.

- Get up to 12.3% in stablecoins, up to 8% in other crypto.

- Universal conversion between all crypto, fiat and stablecoins.


1. Crypto Loans

YouHodler - Crypto Loans

What is a crypto-backed loan?

A crypto-backed loan is a process of using cryptocurrency as collateral for a loan in a different currency. In YouHodler’s case, you can choose from over the top 20 cryptocurrencies as collateral for a loan in Euro (EUR) US Dollar (USD), Swiss Franc (CHF) or Great Britain Pound (GBP). Perhaps the most obvious benefit of crypto lending is that users can get instant access to fiat currency without having to sell their favorite crypto assets. This way, no one has to stress about missing out on a future bull run since when they pay the loan back, they get their crypto back.

In addition, there are more creative ways to use crypto loans for example, as a method to access new capital for investments, for hedging or leveraging on the crypto market and much more. There are a handful of crypto lending platforms offering these services but not all of them are created equal.

For more detailed and up to date information please check this page https://www.youhodler.com/crypto-loan and our Helpdesk article regarding Loans https://help.youhodler.com/en/collections/1884544-loan

Why choose YouHodler for your crypto-backed loan?

Compared to other crypto lending platforms YouHodler has a wide selection of some of the most popular crypto collateral options. YouHodler regularly adds more coins based on client demand and they are always improving the platform in this regard. In terms of a loan to value ratio, YouHodler lets users get more value for their collateral than competing lending platforms. Users can get an industry-best 90% loan to value ratio on YouHodler followed by instant credit card and bank withdrawals for ultimate convenience. Unlike other person to person (p2p) lending platforms, there is no need to find a lender. The instant cash comes from YouHodler’s own fiat funds and it includes a proven custodial solution with security funds protected by Ledger Vault digital asset management system and $150M pooled crime insurance. 

Lastly, YouHodler has flexible repayment date and LTV options for those that want to customize their loans as well as a one-time loan fee that is repaid at the end of the loan term. No hidden rollover fees or daily recurring fees.

How to get a crypto-backed loan on YouHodler

Step 1: Transfer crypto to your YouHodler wallet

YouHodler accepts the TOP 14 cryptocurrencies as collateral. No fees for crypto deposits or withdrawals.

Step 2: Get a crypto loan and withdraw funds

Loan approval takes seconds. No need to find a lender like in p2p platforms. You instantly receive cash in EUR, USD, USDT or BTC.

YouHodler works like a pawnshop. There is a temporary sale of cryptocurrency, where YOU are the seller and YouHodler is the buyer. Following a predefined period of time, you repurchase the cryptocurrency from YouHodler.

Our cash withdrawal options:

Bank wire withdrawal via SEPA and SWIFT. Available worldwide.

Credit card withdrawal to your MasterCard or VISA. List of available countries is here.

Crypto withdrawal: buy any crypto or stablecoins using our integrated crypto exchange.

Step 3: Get your crypto collateral back anytime

You can repay your loan using a credit card, stablecoins or bank account and get your crypto back. You can keep your crypto assets in YouHodler’s wallet and have instant access to crypto loans and Multi HODL™

Step 4: Manage your loan

Use our list of advanced features to manage your loan conditions and react to the market’s movements:
Conclusion

2. Turbo Loans (Turbocharge)

YouHodler - Turbo Loans (Turbocharge)

What is a YouHodler Turbo Loans?

YouHodler’s Turbocharge service allows users to get a chain of loans. The platform uses borrowed fiat to purchase additional cryptocurrency and then uses it as collateral for other loans in the chain. At the end of the chain, the user essentially has multiped crypto which they got from the initial investment.

For more detailed and up to date information please check this page https://www.youhodler.com/turbocharge and our Helpdesk article regarding Turbocharge https://help.youhodler.com/en/collections/2400382-turbocharge

Why choose YouHodler Turbo Loans?

Crypto traders and stock traders have been using loans as leveraging tools forever. However, it is a time-consuming process. Instead of taking a loan, withdrawing that money to an exchange to buy more crypto and then transferring that crypto back to YouHodler to use as collateral for another loan, YouHodler decided to automate and simplify the whole process.

By simply choosing one initial amount of crypto to use as collateral, YouHodler will then start a chain of loans up to 10 times depending on how far the user wants to go. The maximum result is a multiplied amount of crypto up to x6.5. Furthermore, unlike other platforms with margin trading tools such as this, YouHodler does not have any hidden fees or rollover fees. There is just one fixed fee clearly stated in the Turbo Loan form before agreeing to the deal.

As another option to make the process even more convenient and profitable for users, they can set the desired “Take Profit/Set close price” amount. As soon as the price of your crypto-collateral reaches the Take Profit point, our platform sells the collateral to repay the loan and you receive the profit from the selling operation to your wallet.

How to get a Turbocharged loan on YouHodler

Step 1: Transfer crypto to your YouHodler wallet

Your initial amount of crypto will be used as collateral for a first loan.

Step 2: Calculate turbocharged amount

The platform automatically uses borrowed funds from the first loan to buy more crypto and get another loan. This step is repeated from 3 to 10 times – as many as you’d like.

Step 3: Set your Take Profit price

Sometimes a bull run is too fast to take manual action. Once your collateral coin hits the Take Profit price, YouHodler automatically uses the collateral to repay the fees. You get the rest of the crypto back and benefit from the price's growth.

Step 4: Repay or close all loans at anytime

You can repay the full amount and get up to ×6.5 of your collateral for the initial price. Also, you can use collateral to repay the loan and take the rest of your crypto ("Close now" option).

Step 5: Manage your Turbocharge

Use our list of advanced features to manage your Turbocharge conditions and react to the market’s movements (e.g. risk control, hedge altcoins, close without repay, set take profit).


3. Multi HODL

YouHodler - Multi HODL

What is Multi HODL™

Multi HODL™  is an innovative concept based on the Barbell Strategy that helps crypto HODLers multiply their portfolio by investing some amount into a managed risk activities to produce higher yields. This strategy consists of ensuring 80% of your capital is invested in safe, risk-free assets. Meanwhile, the other 20% of the remaining capital is used for limited risk, but potentially highly profitable investments.

When a user chooses Multi HODL, the platform automatically takes a pre-determined percentage from a wallet of choice and uses those funds as collateral to initiate an automated “chain of loans” (based on YouHodler’s Turbocharge feature). In this chain of loans, the funds from the first loan are used to buy more crypto to use as collateral for the next loan in the chain. This process is repeated up to ten times depending on the user’s choice.

Users can choose from over 20 cryptos to “multiply” in the process as well as customize their risk level and set the desired “take profit” point to close the position automatically. YouHodler states risk is limited with this feature and users cannot lose more than they set.

For more detailed and up to date information please check this page https://www.youhodler.com/multi-hodl and our Helpdesk article regarding Multi HODL https://help.youhodler.com/en/collections/2072395-multi-hodl

Why choose Multi HODL™?

MultiHODL gives users the best of both worlds. Crypto traders can keep a large portion of their assets in safe wallets and profitable savings accounts. Simultaneously, they can use a smaller portion to engage in riskier maneuvers to multiply their crypto via our chain of loans. If the value of their crypto goes up in the process, then the user covers the platform’s interest fee and can keep the additional profit. If the value of the crypto goes down, then the trader can take comfort in the fact that 80% of their assets (plus interest) are still secure in their savings account.

How to use Multi HODL™

Step 1: Select a desirable amount of funds from your wallet

All cryptocurrencies and stablecoins available. YouHodler guarantees to save the interest for the total amount of your savings.

Step 2: Set profit and risk levels

Pick a desired take profit amount and an acceptable level of risk. Also, choose the crypto you want to use as a multiplication tool if you use Multi HODL™ for your stablecoin savings.

YouHodler initiates an automated chain of loans similar to Turbocharge. In the case of crypto price growth, the value of your coin will multiply and the profit will go directly to your account. In the case of a decline in prices, you will get your initial deposit back minus the factual loss.

Step 3. Get your crypto anytime

Watch your progress and close positions when you want to get profit or get the rest of your crypto back. Your position will be closed automatically after 30 days or in case the price drops below your loss level.

Your risk is limited. You cannot lose more than you set while using Multi HODL™. You will never pay rollover fees, hourly or daily recurring fees. Simply pay the one-time origination fee and loan fee when opening the deal and then if you profit, there will be the one time 10% commission fee.

Step 4: Repeat

We suggest using around 20% of your savings for Multi HODL™ and 80% for low-risk instruments such as Savings or Crypto loans. Keep your portfolio diversified.


Youhodler - Overclock your crypto savings

4. Saving Accounts

What is a YouHodler Savings Account?

YouHodler has various saving accounts for cryptocurrencies Bitcoin (BTC), Binance Coin (BNB) and stablecoins Tether (USDT), TrueUSD (TUSD), Paxos (PAX) and USD Coin (USDC) and many other. Users holding these coins can earn up to 12% per year by simply keeping those coins into their wallet. Compound interest payments are deposited directly into users’ wallets every 7 days.

For more detailed and up to date information please check this page https://www.youhodler.com/earn-crypto and our Helpdesk article regarding Savings https://help.youhodler.com/en/collections/1948454-crypto-savings

Why choose YouHodler for your savings accounts?

Compared to other platforms, YouHodler offers some of the highest interest rates on savings accounts (12%), attractive crypto and stablecoin options, the ability to customize a savings account plan and quick and instant withdrawal of savings account earnings to a wallet of your choice.

Furthermore, all savings funds are protected by Ledger Vault digital asset management system and $150M pooled crime insurance. Also there is a unique ability to use funds from a savings account as collateral for other lending products (e.g. Multi HODL™).

Whereas other platforms have a one-dimensional savings account, YouHodler has unique tools included to help users maximize their interest rates and earn more crypto.

How to get a crypto-backed loan on YouHodler

Step 1: Deposit crypto

YouHodler pays interest on BTC, PAXG, USDC, TUSD, USDT, HUSD, PAX, BNB, HT, XRP, XLM and ETH deposits. If you don't have such crypto you can convert it from other cryptocurrency or fiat currency. Earn 12% on EUR, earn 12% on USD, earn 12% on GBP. Convert fiat to stablecoins in seconds using our partners.

Step 2: Earn interest on crypto

Once the funds are deposited into your Savings Account, the first weekly payment period begins.

Monitor your Savings Account earnings on a daily basis by checking the "Earned" counter. At the end of each week, the earned amount will be deposited into your Savings Account.

Important infoIf you release funds before the end of the weekly period, you will not receive interest earned during the uncompleted week.

If additional crypto is deposited within the weekly period, the crypto interest from this deposit will be applied to the next week.

After each week is over, crypto interest will be deposited into your Savings Account. Users are free to keep it there to accumulate even more profit.

Step 3: Boost your savings and keep your interest

Play with your crypto and find the right balance: take a limited risk VS an asymmetrical high level of potential profit. Try Multi HODL™.

YouHodler - Earn 12% ARY on your crypto

Conclusion

YouHodler FinTech platform is focused on crypto-backed lending with fiat (USD, EUR, CHF, GBP), crypto (BTC) and stablecoin loans (USDT, USDC, TUSD, PAX, PAXG, DAI, HUSD), crypto/fiat and crypto/crypto conversions, as well as high-yield crypto-saving accounts (crypto-rewards & staking). The platform supports BTC, BCH, BNB, ETH, LTC, XLM, XRP, DASH, HT, REP and other popular cryptocurrencies and tokens. User's digital assets are safely guarded with Ledger Vault's advanced custody and Fireblocks security options.

YouHodler is an EU and Swiss-based brand with two main offices in Cyprus and Switzerland.

YouHodler is an active member of the Blockchain Association of Financial Commission and the Crypto Valley Association. Customers are protected by the independent Financial Commission’s efficient dispute resolution process.


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