YouHodler information
Description
YouHodler is an interest platform offering crypto currency secured loans and some additional functions like layered lending positions. For the loans, Bitcoin, Ethereum, Dash, Stablecoins or other crypto-currencies are deposited as security to obtain a loan in fiat currency without delay or background check. USD and Euro are currently available as Fiat currencies. In addition to lending, YouHodler offers 12% annual return on Stablecoins and up to 8% annual return on other crypto currencies - provided you keep the coins in the YouHodler wallet. Other features include the Multi HODL and Turbocharge products, which are designed to combine long-term portfolio strategies with margin and layered loans for high-risk investments.
About the company
Behind YouHodler is the company Naumard LTD, which is registered in Cyprus since 2016. Current CEO is Ilya Volkov, CTO is Renat Gafarov and head of product development is Alex Vinny. Since June 2020, YouHodler SA, which is registered in Lausanne, also holds a license to operate as a financial intermediary under Swiss law.
Usability
The usability is straightforward and practical without requiring a great deal of technical knowledge. This results in a very comfortable usage of the apps in particular.
Fees
The fees on YouHodler are largely dependent on the particular action and are listed in the fee list. An explanation of the fee calculation can be found here.
Questions & answers
We have summarized the most important questions and answers about this provider for you and tried to answer them.
- Is YouHodler reputable?
- How difficult is the setup procedure of YouHodler?
- Which crypto currencies can be used on YouHodler?
- Which fiat currencies can be used on YouHodler?
- Is there an app?
Is YouHodler reputable?
Yes, we believe that YouHodler is reputable. The team behind the project has many years of experience in the financial sector and both company registrations - one in Cyprus and one in Switzerland - as well as the federal license for commercial operation as financial intermediary are valid. In addition, the company claims to have additional protection with Ledger Vault and is a member of the Crypto Valley Association for western Switzerland.
How difficult is the setup procedure of YouHodler?
The setup is quick and easy. Once the KYC process is completed, the platform can be used.
Which crypto currencies can be used on YouHodler?
YouHodler has support for over 20 crypto currencies and stablecoins. Further listings are in work. A complete overview is available on the homepage under coins.