YouHodler Review – Earning from Your Crypto
The platform of YouHodler has recently grown in popularity. YouHodler is a cryptocurrency exchange. On the market, there are many of exchanges.
YouHodler knows how to set itself apart by allowing you to HODL your cryptocurrency and by allowing you to borrow and stake. You may learn more about the features of the platform as well as find out all the YouHodler reviews and customer experiences that have been collected in this review.
Recently, YouHodler’s platform has become more well-known. An exchange for cryptocurrencies is YouHodler. There are a lot of exchangers available on the market.
YouHodler knows how to differentiate itself by letting you HODL your coin and by enabling borrowing and staking. You can find out more about the platform’s features as well as all the user testimonials and YouHodler reviews that have been included in this article.
Review of YouHodler: A Short Overview, What Is a Crypto Exchange?
The word “HODL” was initially a misprint. It implies to hold cryptocurrency without exchanging it.
The letters were subsequently given the meaning, “Hold On For Dear Life.”
You can save your cryptocurrency on the Dutch cryptocurrency exchange YouHodler and use it to make money.
In addition to HODLing, YouHodler also offers the ability to sell, exchange, earn, borrow, and stake cryptocurrency; user evaluations demonstrate how simple these features are to use.
Make money with YouHodler
The YouHodler platform focuses on loans with fiat currency (USD, EUR, CHF, and GBP) as well as loans with cryptocurrency and stablecoins. Thus, you can immediately buy cryptocurrency by making a deposit to the site from your bank account.
You may make a lot of money investing in cryptocurrency. You cannot directly trade the cryptocurrency on several exchanges. YouHodler makes it feasible to do this.
Every month, YouHodler adds new currencies. Coins having a large market cap can be purchased. You can purchase over 40 crypto coins at YouHodler.
With YouHodler, you may borrow both crypto and fiat money. This is directly withdrawable from your bank account. You can borrow with only a little amount of collateral. 10% of the loan might be used as collateral.
Using the Multi HODL feature, you may decide whether the price will go up or down and earn money in the process. You don’t have to own the coin to carry out this action. Another coin may be used as a wager.
YouHodler’s Turbocharge allows you to apply for a variety of loans. YouHodler buys additional cryptocurrencies without paying a fee using borrowed fiat, and then utilises those purchases as collateral for subsequent loans.
Any type of trader can utilise YouHodler’s platform because it is incredibly simple to use.
YouHodler Safe: Is YouHodler Trustworthy and Safe?
YouHodler was established in 2018 and is based in Switzerland and Europe.
YouHodler is a part of the Crypto Valley Association and the Financial Commission’s Blockchain Association.
The effective procedure of the independent Financial Commission protects clients.
Customers can use this to hire a qualified third party to settle disputes.
Because of this, YouHodler is a very trustworthy cryptocurrency exchange, and you can be confident that it is secure.
LedgerVault provides insurance for precious cryptocurrency holdings at YouHodler. When a user has assets worth more than €10,000, they can enable three factor authentication.
To further safeguard your account and money, you can also disable money withdrawals. If you’ve been hacked, someone won’t be able to withdraw money from your account.
In order to safely hold the users’ loaned monies, YouHodler has partnered with reputable banks in Europe and Switzerland.
YouHodler is a trustworthy cryptocurrency exchange that adheres to EU rules and standards. YouHodler keeps an eye on transactions, thwarting unlawful operations.
Registering with Youhodler – Step-by-step plan
YouHodler’s registration process is quite simple. You provide your email address and password together with the country in which you reside. At YouHodler, the Know Your Customer procedure is incredibly simple and seamless.
You take a picture of yourself and provide a copy of your passport, ID card, or driver’s licence. If your verification was successful or not, YouHodler will then send you a message.
You can begin using YouHodler as soon as the verification is successful. You start by transferring funds to the platform. You can accomplish this by purchasing cryptocurrency, transferring fiat money, or transferring cryptocurrency to your wallet.
YouHodler Reviews: Loans
At YouHodler you can borrow cryptocurrencies and fiat currencies through YouHodler Loan.
You can withdraw the loans directly with your bank account or credit card.
You can borrow against a relatively low collateral. You use 10% of the loan as collateral.
As a result, the YouHodler loan to ratio is as high as 90%. The crypto loan can be borrowed in fiat currencies, Bitcoin or stablecoins at this best bitcoin exchange Netherlands.
You do not have to use these coins as collateral. YouHodler Loan accepts large altcoins as collateral.
With YouHodler Loan, obtaining a loan happens quite quickly. Unlike with a bank, you don’t have to wait weeks for clearance.
At this top bitcoin exchange Netherlands, you can get the cryptocurrency loan in euros, US dollars, tether, or bitcoin. The loan can be repaid using stablecoins, a bank account, or a credit card.
Multi HODL reviews on YouHodler
You may swiftly and easily profit from market volatility with YouHodler’s Multi HODL feature. By selecting whether you think the price of the coin will go up or down, Multi HODL allows you to make money.
You don’t need to possess the coin to perform this. For instance, you may wager on another cryptocurrency while predicting that the price of Bitcoin will increase.
With a 20x leverage, the Multi HODL function can be used. Your risk is always constrained to your investment notwithstanding this leverage.
Reviews on YouHodler: Turbocharge
YouHodler’s Turbocharge function stands out among DeFi rivals.
YouHodler’s Turbocharge feature allows you to apply for many loans at once. YouHodler can only apply for a maximum of ten loans.
You can borrow additional crypto when you believe that a cryptocurrency’s dip is over. When the rate is greater, you can pay this back.
The loan is then used as security for a new loan. Therefore, borrowing is a far more affordable kind of trading with leverage.
You can use the Turbocharge feature by adding cryptocurrency to your YouHodler wallet. Your wallet’s cryptocurrency is then used as security for the first loan.
Because YouHodler itself uses the funds from the initial loan to purchase more cryptocurrency, a new loan is made feasible.
You can specify a take-profit price. The cryptocurrency is returned so that you can benefit from the price increase when the coin you used as collateral reaches this Take Profit price.
Strike reviews on YouHodler
In YouHodler’s Earn Interest area, you can stake your coins. You can increase your earnings on 39 different coins by staking.
When stablecoins are stopped, the best returns can be obtained. Compared to other exchanges, these returns are far higher. When compared to other exchanges, the payouts for stablecoins are larger than usual.
Review of the cryptocurrency wallet app YouHodler
YouHodler has a wallet of its own. This wallet has a dedicated app. You may store, trade, stake, and borrow cryptocurrency with the YouHodler Wallet App.
Spend 32 cryptocurrencies and 8 stablecoins while earning cryptocurrency incentives. The Google Play store and the App Store both provide YouHodler’s crypto wallet app.
YouHodler uses social media to share upcoming plans and updates with its users and followers.
Compared to other social networking sites, YouHodler has the most followers on Twitter. Every day, YouHodler comments here.
YouHodler is accessible on Telegram, Facebook, and Instagram in addition to Twitter. YouHodl has the most followers on Telegram, followed by Facebook and Instagram after Twitter.
YouHodl doesn’t have as many followers on its social media networks as other cryptocurrency exchanges do. YouHodl has roughly 20,000 followers across all of his channels put together.
Several aspects stick out when we contrast the crypto exchange with other exchanges. Millions of people follow exchanges like Binance and Coinbase on various social media platforms.
Probably as a result of YouHodl’s absence bigger than them yet. Social media platforms are likely to expand as YouHodl does.
Review of YouHodler’s payment options
YouHodler accepts a number of payment ways. YouHodler offers both cryptocurrency payment and withdrawal options as well as credit card and bank transfer deposits.
Tether, Bitcoin, Euro, US dollars, British pounds, and Swiss francs are all acceptable payment methods. The top 40 cryptocurrencies are also accepted as collateral by YouHodler.
Reviews and user experiences with YouHodler
The majority of YouHodler’s users are happy with the service. They believe there is a high chance to make money through HODLing and staking.
Two items in particular have the YouHodler users ecstatic.
Customers are happy with the platform’s functionality. The platform’s straightforward UI makes it simple to utilise.
Good and helpful customer service is provided. The staff members are kind and willing to assist customers.
YouHodler Review: Crypto Exchange Comparison
Like YouHodler, a lot of other platforms also deal with staking and related possibilities. Below, we contrast YouHodler with these options briefly.
Reviews of YouHodler: YouHodler vs. Celsius
On the platform Celsius, you can buy and borrow cryptocurrency. Additionally, by staking or lending your cryptocurrency on our platform, you can profit from it.
When comparing YouHodler and Celsius, it seems that YouHodler is significantly simpler to use and offers higher interest rates than Celsius.
YouHodler vs. Nexo comparisons
YouHodler gives significantly more value in the loans when compared to Nexo, but YouHodler also has higher YouHodler interest rates for savers.
YouHodler Reviews: BlockFi vs YouHodler
We now compare BlockFi with YouHodler. Once more, it becomes apparent right away that YouHodler offers greater benefits and that the programme is much simpler to use.
YouHodler Review – Cost
The required minimum deposit is $100 (about €93). YouHodler does not charge any fees for bank transfers or cryptocurrency deposits. YouHodler fees are 4.7% if you pay with a credit card. Additionally, YouHodler charges €5 for SEPA withdrawals. The withdrawal costs vary for cryptocurrencies.
You pay a percentage ranging from 0.5% to 2.1% for each loan with Turbocharged. You pay a 0.01% rollover fee and 0.3% to 0.4% profit share fee when you invest in Multi HODL.
You pay a percentage ranging from 1% to 8% for loans. The conversion cost can range between 0.2% and 2% in amount. The smallest lending amount is one hundred dollars. Thus, one of the least expensive cryptocurrency exchanges is YouHodler.
Customer support for YouHodler
Email, live chat, and phone are all ways to contact YouHodler’s customer care departments.
For all of your inquiries, YouHodler’s customer care is available around-the-clock, every day of the week. Live chat is the quickest way to get a response, followed by phone and email.
The premier cryptocurrency exchange YouHodler places a premium on providing excellent customer support.
YouHodler receives a rating of 4.2 and a “good” on the well-known review website Trustpilot.
Interest rates on YouHodler
When compared to other exchanges, YouHodler offers one of the greatest interest rates for stablecoins.
The user’s choice of loan type will affect the interest rates for loans.
Additionally, the interest rate is the same for all users.
As the community expands, interest rates are projected to decline much further. As a result, YouHodler is one of the least expensive cryptocurrency exchanges, in part due to its minimal fees.
YouHodler Review: Conclusion
Other exchanges lack a number of important features and advantages that the cryptocurrency exchange platform YouHodler offers. YouHodler lets you make money from the cryptocurrency you possess in a variety of ways.
You can not just store, sell, and exchange cryptocurrency, for instance. With YouHodler, you can stake, borrow, and earn cryptocurrency.
The Multi HODL function allows you to take advantage of market volatility for financial gain. You can get a variety of loans from Turbocharge with enticing percentages.
You can increase your earnings on 39 different coins by staking. One of the cheapest cryptocurrency exchanges is YouHodler. Are you considering opening a YouHodler account? Create an account right away to explore the platform.