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Are you tired of approaching zero interest rates with a traditional bank?
How about earning 3-12% return on your investment every year?
Let me introduce YouHodler, a cryptocurrency lending platform.
He is one of the few that has the potential to disrupt traditional banks.
Just deposit your Bitcoin or altcoins into your YouHodler wallet, sit back and relax, and wait for the money to start growing.
Put your funds into the YouHodler savings account and collect.
The beauty is that YouHodler offers some of the highest interest rates on the market. You can generate up to 12% in stablecoins and up to 8% in other cryptocurrencies. This extremely high interest rate is apparently not available elsewhere.
But, wait ...
YouHodler is legit and a site that can really grow your cryptocurrencies
Is it a scam that is just a waste of time and money?
Is YouHodler Safe?
Who's behind it YouHodler?
In this article, I'll answer your most pressing questions and more.
In the end, you will have all the details on the pros and cons, you will know exactly how to grow your Bitcoin, maximize your interest rates and earn more crypto.
About me YouHodler?
Launched in 2019, YouHodler is a cryptocurrency platform based in Europe and Switzerland that allows you to earn a better interest rate and borrow funds against your cryptocurrencies.
They allow borrowers to quickly obtain cheap fiat currency loans (USD, EUR, CHF, GBP) using cryptocurrency as collateral.
On the other hand, lenders get immediate guaranteed returns when they deposit funds into their interest-bearing accounts.
YouHodler also supports crypto / fiat and cryptocurrency conversions.
This means that if you are a complete beginner, you can take advantage of this high yield savings account by depositing your fiat currency.
Plus, once you dig deeper, you find more earning opportunities like
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Crypto-loans: 90% loan at value, TOP 12 as collateralEarn Interest: Get 12% in stablecoins, up to 8% in other cryptocurrenciesMulti HODL: Increase your savings and keep your daily interestTurbocompress: Borrowing to get more cryptocurrenciesThe team behind YouHodlerA team is the driving force of any business, so it's always good to know who works behind the scenes.Here are the key people of YouHodler. Seeing their faces and knowing their stories makes me feel more confident.Ilya Volkov is the CEO and co-founder of YouHodler who has over 15 years of experience in the FinTech industry.I did a little research and found that YouHodler is actually owned by a company called Naumard Limited.It was registered in the Republic of Cyprus in 2016 with two employees. It took more than a year of development before it was released to the public.YouHodler is a fairly new and young company that has grown very quickly, with two main offices in Cyprus and Switzerland.Unsurprisingly, it is a strong competitor.So, this is what really set YouHodler apart and above other competitors in the crypto-financial market.What makes YouHodler unique and different from others?As the name suggests, YouHodler is a multifaceted encryption solution.As we know, like gold, Bitcoin pays no return in itself.Wouldn't it be great if you could get guaranteed returns just by holding your cryptocurrency?This is where YouHodler comes in.YouHodler makes it easy for crypto investors and hodlers to grow their cryptocurrency portfolio and generate passive income in a number of ways.In terms of details, YouHodler offers one of the interest income accounts for stablecoins and bitcoin (3-12%), flexible investment options and is paid directly into your wallet every week.Also, YouHodler doesn't offer native tokens like Celsius Network and Nexo. This means that you don't need to own or hold their platform-based tokens to use YouHodler's services and earn higher interest rates.Most importantly, YouHodler offers an innovative way to maximize your return on investment with unique tools like Turbocharge and MultiHodl. With MultiHODL, you are able to use savings account funds as collateral for other loan products and increase your savings through margin trading.
How to earn Cryptos with YouHodler
If you are committed to keeping your cryptocurrency deposit in your YouHodler savings account, this will be an easy way to build a strong passive income stream.
I will show you how to earn high interest by keeping your cryptocurrencies with YouHodler. It is quite simple.
Are you ready to earn interest by effortlessly lending Bitcoin?
Step 1: Sign up for a free YouHodler account
Go to the official YouHodler website and click on “Earn Crypto” to create an account with your email ID.
But before you can start using YouHodler, they will ask you to verify your identity to remain KYC / AML compliant.
To do this, you will need to take a selfie with your identity card (passport, national identity card or driver's license) and fill in the required valid personal information such as last name, first name, date of birth, address and nationality.
Now just wait for the YouHodler team to verify all uploaded information.
Once you get the green light, you can start using all YouHodler services.
Step 2: Deposit cryptocurrencies into your YouHodler Savings account
Just deposit your Bitcoin, and other cryptocurrencies (minimum deposit $ 100) and start earning with YouHodler.
The amount of interest you can earn varies depending on the currency you deposit and the amount you want to lend.
Here are the interest rates of the savings accounts (per year):
USDT, USDC, PAX, TUSD, DAI, HUSD - at 12% APY;
PAXG (en) - to 8,2% of bees;
Link - at 6,2% of apy;
Btc - at 4,8% apy;
ETH, XRP, XLM - at 4,5% apy;
HT, BNB - at 3% of bees.
If you don't have cryptocurrencies, you can convert them from other fiat currencies.
Step 3: Earn interest on the cryptocurrency
Once the funds are deposited into your account, you will automatically have access to the interest earning feature. To check your earnings on a daily basis, go to the "Earned" page.
That's all. Simply let your cryptocurrencies grow in your YouHodler account, do nothing and you will be paid weekly in stablecoins and crypto.
Here's the cool part: YouHodler Savings Account offers compound interest which is added every week.
At the end of each week, instead of withdrawing your earned weekly interest, you can keep it to accumulate even more profit. In this way, not only your capital earns interest, but your interests earn interest too!
However, note that:
If you withdraw the funds before the end of the weekly period, you will not earn any interest for that particular week.
While you can deposit other cryptocurrencies into your YouHodler account at any time during the week, it will only earn crypto interest from the following week.
How to earn interest with YouHodler savings account without owning cryptocurrencies
Do you want to earn better interest than a bank?
Do not worry.
You can use your chosen fiat currency to earn interest on YouHodler in 3 simple steps:
Deposit your fiat currency (EUR, USD or GBP) into your YouHodler wallet via debit / credit card or bank transfer.
You send the payment and wait. It can take up to 24 hours to process the funds by bank transfer, while the funds will be received almost instantly with the payment card.
Convert your fiat into any cryptocurrency available on YouHodler and start earning interest on it!
With this in mind, YouHodler provides 4 main services that you can take advantage of:
4 different ways to save on YouHodler
Let's take a look at the most commonly used features, one by one.
1. YouHodler YouHodler Savings Account
It's all about generating healthy returns on YouHodler, this will be your main passive income stream.
This is very similar to earning interest from traditional financial accounts such as savings accounts.
Instead of depositing local currencies like USD, EUR, AUD, they deposit cryptocurrencies.
When your funds reach your YouHodler account, they automatically earn interest and you can expect to be paid on a weekly basis.
Also, you can keep all your crypto interests in your account and earn compound interest for as long as you want.
If you are committed to holding cryptocurrencies for the long term, but need emergency cash, YouHodler can provide you with a fiat loan (EUR, USD, CHF and GBP) using your cryptocurrencies as collateral.
This way, you can get instant access to money without having to sell your favorite crypto assets.
You will get your cryptocurrency back once you have paid the loan. So, if cryptocurrency prices go up, you can be sure you don't miss out on a future bull run.
How to get a cash loan with YouHodler
Step 1: Deposit one of the supported collateral types into your YouHodler wallet. The top 20 tokens you can use as collateral for cryptocurrency loans are:
Step 2: Apply for a cash loan
Unlike many other cryptocurrency lending sites, YouHodler is not a P2P platform. With YouHodler Crypto Loans, you don't need to find a reseller.
Instead, you will get instant trust funds from YouHodler. And it only takes a few seconds for your loan to be approved.
Step 3: Withdraw your funds
It's that simple. You can now withdraw funds from YouHodler using one of these 3 options:
Withdrawal by bank transfer via SEPA and SWIFT. Available worldwide.
Withdrawal by credit card to your MasterCard or VISA.
Crypto withdrawal: Buy any crypto or stablecoin using their built-in crypto-exchange.
Step 4: Retrieve your cryptocurrencies at any time
Think of it as a temporary sale of your cryptocurrency, you are the seller and YouHodler is the buyer.
You can redeem your cryptocurrencies from YouHodler by paying your loan using a credit card, stablecoins or a bank account.
MultiHODL is perfect for those who want to increase their risk for greater rewards.
MultiHODL is an innovative tool based on the Barbell strategy that helps you multiply your funds and maximize potential returns.
How does MultiHODL work?
With MultiHODL, you will keep 80% of your cryptocurrencies in a secure crypto savings account with a guaranteed fixed income. While the remaining 20% will be devoted to speculative betting and high-income investments that have limited risk.
Using this strategy allows you to enjoy the best of both worlds.
Have a large part of your capital in stable and profitable savings accounts and at the same time,
Use a small portion to expose yourself to limited investment risk with the highest rewards.
Sounds good?
How to use MultiHODL
Step 1: Choose a desirable amount of funds in your wallet
This feature is available for all stablecoins and cryptocurrencies on YouHodler.
First, you will need to choose the percentage of your total savings that you want to put into the MultiHODL.
Step 2: Set your profit and risk levels
Next, select the amount and level of risk.
Step 3. Retrieve your cryptocurrency at any time
That's all. Now you can monitor the performance of your investment, close the position when you want to make a profit or recover your cryptocurrencies.
Otherwise, the position will be closed automatically after 30 days or in case the price falls below your loss level.
Overall, MutliHODL is a great way to diversify your portfolio. You will never lose more than you have established and can increase your savings with huge upside potential.
Turbocompress is another unique tool that allows you to obtain a chain of loans.
If you can predict a bull run, you may want to accumulate as many cryptocurrencies as possible to make the most of your profits.
Turbocharge can help you.
With this feature, you can use borrowed fiat currency to buy other cryptocurrencies with zero fees. The purchased cryptocurrencies can then be used as collateral for other loans.
How to get a turbo loan on YouHodler
Step 1: Send a crypto to your YouHodler wallet
To get a turbo loan, you will need to transfer a crypto to your YouHodler and use it as your first loan.
Step 2: Calculate the amount of turbo
The funds borrowed from your first loan will automatically be used to buy more cryptocurrencies and get another loan. This process is repeated 3 to 10 times, as many times as you want. Here's how the chain begins ...
Step 3: Set the Take Profit price
With the rapid volatility of cryptocurrency prices, things can move so fast that even the most experienced traders can have trouble taking profits during a bull run.
To maximize your profits, you can set your desired take profit price.
When your coin reaches this take profit price, YouHodler will automatically close the position.
Step 4: repay or close all loans at any time
YouHodler will use the collateral to pay a fee and you will have the rest of the cryptocurrency.
Using this method, you can double your collateral and earn up to 6,5 times your original collateral value in case of further price growth.
Countries supported
YouHodler is available to customers all over the world, with the exception of the USA, China and Bangladesh.
Is YouHodler legit?
Let's look at the facts:
YouHodler has a strong team of experts with 20 years of experience in FinTech and education projects.
YouHodler is a member of the BlockChain Association and the Financial Commission. If you feel that YouHodler does not meet your expectations, feel free to file a complaint and you will get a quick, impartial and non-binding resolution.
YouHodler Trust Pilot Review is excellent. Even with this small amount of reviews, it can be seen that most of the customers are satisfied with YouHodler's services. Expect to see more genuine reviews from users over time.
Is YouHodler Safe?
When it comes to safety, here are some important things to know:
YouHodler works with Ledger Vault to protect your assets.
With Ledger Vault's advanced custody and security options, you can be sure your cryptocurrencies are safe with them. Plus, it's covered by $ 150 million crime insurance.
The insurance covers various risks, including the risk of employee theft caused by collusion and the theft of private keys by a third party or breach of physical security.
YouHodler has a $ 1 million insurance reserve that will cover any loss of customer funds.
While YouHodler is safe to use, it is your responsibility to practice basic cryptographic security to protect yourself from human error and potential attacks.
Advantages of YouHodler
Easy to use and well integrated for beginners.
Great selection of cryptocurrencies. Earn up to 12% annual interest on Bitcoin, stablecoin and major cryptocurrencies.
Have a weekly compound interest in cryptocurrencies.
Safe and secure. All your crypto assets are kept safe with the Ledger Vault digital asset management system.
Fast and instant withdrawal.
The mobile application is available for Google Play and the App Store, making it easy to manage your cryptocurrency investment in the process.
No fees for cryptocurrency deposits or withdrawals.
No credit checks - Placing a crypto as collateral to get a loan is quick and easy.
High loan-to-value ratio (90% LTV)
Instant withdrawals from credit cards and banks
All funds are protected by the Ledger Vault digital management system
Flexible repayment options
Disadvantages of YouHodler
The main drawback of using centralized platforms like YouHodler is that you don't have the private key of your cryptocurrency wallet.
It is worth mentioning that YouHodler reported that it exposed 86 million sensitive customer data, including credit card and bank account details, because it forgot to protect its server with a password. This happened in July 2019.
YouHodler has since implemented two-factor authentication and email verification to improve their security.
They are also working with Cloudflare and IdentityMind to verify their security settings and prevent any potential leaks in the future.
No cryptocurrency platform is 100% foolproof. If your cryptocurrencies are in the exchange, they are not yours.
No matter what services you use - crypto loans, savings account, MultiHODL or Turbocharge, you must first transfer your precious crypto to your YouHodler wallet.
In this case, it's good to know that your crypto funds are held by Ledger Vault which uses industry-leading and independently certified security technology.
To open an account
Conclusion
Based on our research, YouHodler is a legit company that provides a quick and easy way to securely borrow, lend and trade your cryptocurrency, all in one control panel.
Holding bitcoins and cryptocurrencies and making no money is the past.
YouHodler simply opens up new opportunities for everyone to save their cryptocurrencies in interest-bearing accounts.
Even if you need cash, you don't have to liquidate your precious crypto assets, use YouHodler Loans to get quick cash with a minimal interest rate.
Plus, you can maximize your returns by using innovative tools like Turbocharge and MultiHODL to multiply your funds and profits.
That's all for now. As YouHodler expands its features and services, I will regularly update this post with the latest information, so keep coming back for more.
Are you ready to be part of this new financial revolution?
What's Happening i'm new to this, I stumbled upon this I have found It absolutely helpful and it has helped me out loads. I hope to contribute & help other users like its aided me. Good job.
Very glad it was able to help you