YouHodler 2021 Review • Pros, Cons & More • Benzinga
YouHodler is the new wave of crypto-banking. You can buy / sell / trade cryptocurrency, earn interest, and make crypto loans. These options improve your profitability in crypto by diversifying into different areas of investment. You have more flexibility and choice to take advantage of changing market conditions.
Crypto loans allow you to use your digital currency as collateral to generate cash. You receive 90% of the value of 24 of the most popular cryptocurrencies. You can start with $ 100 and earn cash with immediate withdrawals from bank accounts or credit cards. You can borrow in USD, EUR, CHF or GBP.
YouHodler gives you the option to trade fiat, stablecoins or cryptocurrencies. An app guides you through the conversion process to get your funds quickly.
YouHodler pays interest rates of 12% APR (+ compound) by turning crypto assets into a savings account. Interest is paid weekly into your crypto wallet. Those who enjoy buying and holding cryptocurrencies find it beneficial in increasing their income and total returns.
YouHodler allows you to profit from market volatility through Multi HODL. Multi HODL allows you to take 20% of a cryptocurrency and lend it out to create a series of loans earning you interest.
You can repeat the process 6.5 times and improve your yields by using the turbo-charging feature while staying in digital currency. The turbo-charging feature allows you to use a small portion of your wallet risk-free and take advantage of price changes. The remaining 80% remains in the savings account, generating an interest rate of 12%. You can avoid the negative and near zero interest rates of traditional banks and financial institutions.
YouHodler accepts non-fungible tokens (NFT) as collateral for granting loans. NFTs are unique assets that cannot be replaced and have been turned into digital assets such as music, fine art, and video games. YouHodler works like a pawnshop, where the company accepts these NFTs and provides you with a loan for the asset.
YouHodler customer service uses various tutorials and answers from the YouHodler team to cover most issues. If you have any issues after completing the tutorial, you can use the chatbot at the bottom corner of the “Help” page for further assistance. Those who need to speak to a real person can leave a message for customer service to call back on the Telegram mobile app.
You can find most of the answers you need in tutorials and from YouHodler’s personal bot. The bot directs you to specific pages where you can get additional information. If none of these options work, you can leave a message for customer service on Telegram and receive a response to your request within 24 hours.
YouHodler’s pricing structure is straightforward and uses transactions based on withdrawals, closings, and credit extension.
- 5% fee for withdrawals by bank transfer
- 3% charge for credit card withdrawals
- 1% to close a loan
- 1% to extend loans and interest
- 1.5% for increases in collateral and loan-to-value ratios
- Conversion calculator
The charges are reasonable and transparent for the services you receive.
The mobile app is easy to use and straightforward. You receive quick access to the same information on the website. Ledger Vault secures information and data. Ledger is a technology infrastructure platform that secures multiple layers of data and provides $ 150 million in data breach insurance. The mobile app and website use Ledger to securely store and process all transactions.
YouHodler offers benefits that make the platform unique and easy to use, including:
- Strong customer support and help
- Many choices for crypto guarantees
- A blog with information on the upcoming changes in the crypto world and the business
- Savings accounts that grow safely in your wallet
- The ability to trade and trade cryptocurrencies
- Multi HODL which allows you to profit from volatility.
You have greater flexibility to adapt to changes in the crypto world and the business environment.
We rate the user experience with 4.5 stars. YouHodler is easy to use and you have a lot of options to generate profit. The company is transparent and gives detailed explanations of the services and how everything works. The colors are eye-catching and nothing is confusing in the process.
Customer service uses a series of tutorials, bots, and FAQs to get you most of the information you need. You can contact the company through Telegram and wait for a response from them. You don’t have direct customer support, but the company does a great job of answering your issues and answering all of your questions.
YouHodler vs. Competitors
YouHodler provides services that competitors do:
- Crypto loans with a 90% loan-to-value ratio
- The highest interest rates on savings without native token staking
- A mix of investment, savings and loan services
- High levels of safety and state-of-the-art security
These characteristics give the business unique ways to increase profitability and your overall returns.
We give YouHodler a 5 star rating. The company takes the world of crypto to another level by combining a host of features. With YouHodler, you can save, reduce risk, lend your crypto assets, and profit from volatility. No other company offers you a combined package that focuses on all of these features in one app.
YouHodler provides a tutorial that explains how everything works and the benefits for you.
Frequently Asked Questions
How safe is YouHodler?
YouHodler uses Ledger Vault, a technology infrastructure platform, to store information and data in multiple data layers. Ledger provides $ 150 million in data breach insurance. The company holds trust funds in reputable banks in Switzerland and Europe. All credit cards adhere to the Payment Card Industry Data Security Standard (PCI DSS) for encryption operations. The company regularly carries out external audits on these guarantees.
Where is YouHodler based?
Where is YouHodler based?
YouHodler has offices in Lausanne, Switzerland, and Limassol, Cyprus.
Benzinga has developed a specific methodology for classifying cryptocurrency exchanges and tools. We prioritized platforms based on offers, prices and promotions, customer service, mobile app, user experience and benefits, and security. To see a full breakdown of our methodology, please visit our Cryptocurrency Methodology page.
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