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YouHodler is one of the new generation of fintech applications that helps people benefit from the growth of cryptocurrencies through loans. The company has two main offices in Cyprus and Switzerland. It is an active member of the Blockchain Association of the Financial Commission and the Crypto Valley Association. The 150 million insurance fund is managed by Ledger Vault.
The company’s payment solutions allow users to trade in cryptocurrencies or deposit funds into a current account with a yield of up to 12.3%. YouHodler lends your currency and you earn interest when you buy and hold. It pays interest from 33 different currencies such as USDT, USDC, PAXG, BTC, ETH and DOGE and 4 fiat currencies USD, EUR, CHF, GBP.
YouHodler is also available for Android and IOS.
For the purposes of the review, we will divide the article into several points:
- Basic information
- YouHodler Review
- YouHodler products
- YouHodler tutorial
1. Basic information
- Operator: Naumard LTD
- Head office: Cyprus
- Establishment of the company: 2018
- Available cryptocurrencies: 33+
- Fiat currencies: USD, EUR, CHF, GBP
- Customer support: Very active
- Language: English, Korean, Japanese, Chinese, German, French, Polish, Italian
- Page: www.youhodler.com
2. YouHodler Review
Earnings from interest on cryptocurrencies and borrowings covered by cryptocurrencies are risky compared to other loans or investments. However, if you are already trading cryptocurrencies, you are probably used to this level of risk and may benefit from using the YouHodler platform.
With a simple and clean user interface, YouHodler could be a great choice for beginners and those who don’t plan to trade often. It’s easy to use and you have many options for generating profits.
The platform offers crypto loans with a ratio of 90%, the highest interest rates on savings without stacking a native token, a set of investment, savings and lending services, a high level of security and state-of-the-art security. With these features, the company offers unique ways to increase profitability and your overall revenue.
The YouHodler digital wallet is used to store all coins on which the customer wants to earn interest. The wallet supports both cryptocurrencies and fiat currencies, and you can also use it in the YouHodler mobile app.
3. YouHodler products
Platform offers 30 coins and tokens for which it pays interest, weekly payouts, compound interest (meaning that APY will be higher than APR). It has one of the highest interest rates on stablecoins and does not require any lockout time, users can choose their coins at any time and also do not have to stake the native ecosystem token to get a higher interest rate than on many other platforms. It is one of the few platforms that pays interest on DOGE.
YouHodler boasts highest LTV (loan to value) market, up to 90%, accepts 27 coins and tokens as collateral, the minimum loan amount is only $ 100 and the advantage is that any loan can be extended at any time. Users can accept loans in USD, EUR, GBP, CHF and BTC.
It connects the best of crypto exchanges and CFD trading into one. Thanks to YouHodler, the design is simple, offers a maximum leverage of x30 and adjustments at open stores. The user pays the fee only for profitable trades. This strategy is to ensure that 80% of capital is invested in safe and risk-free assets. In the meantime, another 20% of the remaining capital is used for limited risk but potentially highly profitable investments.
Furthermore, the platform offers a classic currency exchange with very low fees and the Turbocharge function, which provides an opportunity to multiply your cryptocurrencies by creating a “chain of loans” with one click. After the user presses the “TURBOCHARGE” button, the platform automatically uses the borrowed fiat to purchase more cryptocurrencies and then uses this crypto as collateral for the second loan in the chain, which introduces the newly borrowed funds into the same process. The process is repeated 3-10 times depending on your settings.
To get started with an account, visit YouHodler. You will need to go through the AML / KYC process to use all the features.
After completing all required KYC procedures, place your funds in YouHodler’s wallet and click on the “Sign Savings Reward” button at the top of the Wallet page. A pop-up window will appear where you can read all the necessary materials and check whether you agree with the savings interest agreement.
Once you do that, you start earning interest. Interest is paid once a week to all your wallets that have the APR label. Your contract is available in the wallet section “Your savings info – Savings Reward Agreement”. You can also check the starting amount – the amount of your portfolio from which you earn interest.
Here you will find a loan calculator. All you need is to choose the cryptocurrency you want to use as collateral, the required loan amount in a fiat or cryptocurrency, and a convenient credit rate. Right after you have filled in the “Loan Amount” field, you will see how much cryptocurrency you need to deposit to get a loan.
After filling in the loan parameters, read the conditions and check the box. You can also set the desired level of profit withdrawal for your loan using the “Set close price” function. Once the crypto-collateral price reaches the set point, the platform sells part of the collateral to repay the loan and the rest is deposited back into the balance.
When you are ready, click the “Get Loan” button. Your borrowed funds will be displayed in your wallet. You can track your credit in your account in the “Loans” section.
To start Multi HODLing, go to the Multi HODL section in the application. Click on the “Start new Multi HODL” button at the top of the page. Then set the required parameters:
Currency pair and price direction where you would like to invest – a tool for choosing an investment strategy to profit from a rise in price or fall in price.
Source of funds and amount – your wallet balance and the initial amount of the investment.
Multiplier – The degree of risk you are willing to take.
The Take Profit and Margin Call-margin call settings are set by default. You can select any desired level of profit (TP). You can change both levels at any time later after setting Multi HODL.
After setting all parameters, press the START button.
In the Turbocharge section, click on “Turbocharge crypto”. You will see all available tariffs and you will be able to adjust your Turbo loan. You can set the initial amount of collateral, LTV and set the number of loans that will be part of the credit chain.
In the lower left corner you can see how many more cryptocurrencies you will get with this particular loan. After setting all the loan parameters, click on the Turbocharge button.
The fees for the services offered by the platform are reasonable and transparent. It does not charge any fee for deposits by bank transfer, cryptocurrency and stablecoins
5% fee for withdrawal by bank transfer
The selection fee in cryptocurrencies and stablecoins varies depending on the coin / token, all details can be found HERE.
The company also provides calculator which shows the transfer fees and the total amount you would receive for a particular crypto or fiat.