YouHodler is a new cryptocurrency trading bot that promises to help you earn money by doing nothing. Is this a scam or legit opportunity?
YouHodler is a cryptocurrency investment app that claims to be able to generate up to 100% returns on your investments. The app has been around for about 2 years, but the company behind it has only recently started marketing heavily.
Are you fed up with conventional banks’ near-zero interest rates?
How about a yearly return of 3-12 percent on your investment?
Allow me to present YouHodler, a cryptocurrency loan platform.
It’s one of the few crypto businesses with the ability to change the way people bank.
Simply deposit your Bitcoin or altcoins into your YouHodler wallet, then sit back and wait for the money to come in.
Investing in a YouHodler Savings account and reaping higher profits is a totally passive process.
What’s more, YouHodler offers some of the market’s highest interest rates. In stablecoins, you can earn 12%, while in other crypto, you can gain up to 8%. This ridiculously high interest rate does not seem to be available anywhere else.
- Is YouHodler a legitimate service that may help you increase your crypto holdings, or is it a scam?
- Is it a con that will squander your time and money?
- Is YouHodler a secure and safe service?
- Who is the mastermind of YouHodler?
I’ll address all of your burning questions and more in this post.
By the conclusion of this article, you’ll have a complete understanding of the advantages and disadvantages, as well as how to make your Bitcoin work for you, optimize your interest rates, and earn more cryptocurrency.
Let’s get started:
Contest to Win a Tesla Y Model
Users may enter a contest to win a brand new Tesla Model Y via YouHodler.
Yes, this is a genuine Tesla vehicle.
Here’s how you can get involved…
To begin, log in to your YouHodler account. Create a YouHodler account and pass KYC if you don’t already have one.
Step 2: Spend $1000 (or its equivalent) on any of the YouHodler products (Multi HODL, Turbocharge, or Classic Loans).
**Note: Savings accounts and conversion capabilities are not included in this package.
That is all there is to it. You will get one fortunate draw ticket. Wait until the marketing campaign finishes on May 22, 2021 (Bitcoin Pizza Day), when YouHodler will live stream the event and choose a fortunate winner.
Tesla’s contactless delivery technologies will bring the new Tesla Model Y straight to your door.
So, what exactly are you waiting for? APPLY RIGHT NOW!
What exactly is YouHodler?
YouHodler is a cryptocurrency platform located in the EU and Switzerland that enables you to earn higher interest rates and borrow money against your crypto deposits.
They let borrowers to get low-cost loans in fiat currency (USD, EUR, CHF, and GBP) fast by using bitcoin as collateral.
Lenders, on the other hand, get assured returns as soon as they deposit money in their interest-bearing accounts.
Crypto/fiat and crypto/crypto conversions are also supported by YouHodler.
This means that even if you’re new to cryptocurrency, you may use your fiat money to fund this high-yield savings account.
Furthermore, if you delve a little further, you’ll discover other ways to make money, such as
- Loans with a 90 percent loan-to-value ratio and the top 12 coins as collateral
- Earn Interest: Get 12% in stablecoins and up to 8% in other cryptocurrencies.
- Multi HODL: Increase your savings while maintaining your daily interest.
- Borrow to acquire more cryptocurrency.
The creators of YouHodler
Because a company’s driving force is its people, it’s always useful to know who’s working behind the scenes.
YouHodler’s important personnel are listed below. I feel more comfortable utilizing them after seeing their faces and learning about their backstories.
YouHodler’s CEO and co-founder, Ilya Volkov, has over 15 years of expertise in the FinTech sector.
I conducted some research and discovered that YouHodler is owned by a business named Naumard Limited.
It was founded in 2016 in the Republic of Cyprus with two workers. They worked on it for almost a year before releasing it to the public.
YouHodler is a very new and youthful business that has expanded quickly, having operations in both Cyprus and Switzerland.
It is, unsurprisingly, a fierce rival.
So, what differentiated YouHodler from its rivals in the crypto financial market?
That is an excellent question.
What sets YouHodler apart from the competition?
YouHodler is a comprehensive crypto solution for YOU as a HODLer, as its name implies.
As we all know, Bitcoin, like gold, does not pay a return on its own.
Wouldn’t it be fantastic if you could earn guaranteed profits just by keeping your cryptocurrency?
That’s when YouHodler enters the picture.
YouHodler makes it simple for crypto investors and HODLers to diversify their portfolios and earn passive income in a variety of ways.
When it comes to the finer points, YouHodler has one of the best interest-earning accounts for stablecoins and bitcoin (3-12 percent), as well as various investment choices and weekly payouts.
Furthermore, YouHodler does not support native tokens such as Celsius Network and Nexo. This implies that in order to utilize YouHodler’s services and earn greater interest rates, you do not need to own or stake their platform-based tokens.
Most significantly, with unique features like Turbocharge and MultiHodl, YouHodler provides an innovative method to optimize your investment profits. You may utilize money from a savings account as collateral for other lending products and increase your savings by margin trading with MultiHODL.
How to Make Money in Cryptocurrency with YouHodler
Depositing your bitcoin into YouHodler Savings Account is a no-brainer method to create a solid source of passive income if you’re dedicated to HODLing.
I’ll teach you how to make a lot of money with YouHodler by storing your crypto assets there. It’s very basic and easy to understand.
Are you ready to earn money without putting in any additional work by lending Bitcoin?
Step 1: Create a YouHodler account for free.
Go to YouHodler’s official website and click the “Earn Crypto” button to register using your email address.
However, before you can begin using YouHodler, they will need you to verify your identity in order to comply with KYC/AML regulations.
To do so, snap a selfie with your ID (passport, national ID, or driver’s license) and fill in the necessary valid personal information, which includes your surname, first name, date of birth, residence, and country.
Now all you have to do is wait for the YouHodler staff to validate all of the information you’ve provided.
You may begin utilizing all of YouHodler’s services once you get the green light.
Step 2: Fund your YouHodler Savings account with cryptocurrency.
Simply deposit your Bitcoin or other cryptocurrencies (minimum investment of $100) to begin earning interest with YouHodler.
The rate of interest you may earn is determined on the currency you deposit and the amount you want to lend.
The following are the annual savings account interest rates:
- USDT, USDC, PAX, TUSD, DAI, HUSD – 12 percent APY; USDT, USDC, PAX, TUSD, DAI, HUSD – 12 percent APY; USDT, USDC, PAX,
- PAXG – with an annual percentage yield of 8.2 percent;
- LINK – 6.2 percent annual percentage yield;
- BTC – APY of 4.8 percent;
- ETH, XRP, and XLM – APY of 4.5 percent;
- HT, BNB – with a 3% APY.
You may convert it from other crypto or fiat money if you don’t have any of the coins.
Step 3: Earn interest on your cryptocurrency.
You will immediately get access to the interest-earning function after money are put into your account. Go to the “Earned” tab to see your earnings on a daily basis.
That is all there is to it. Simply leave your cryptocurrencies on your YouHodler account and wait for weekly payments in stablecoins and crypto.
The intriguing aspect is that the YouHodler Savings Account pays compound interest every week.
Instead of taking your weekly interest, you may leave it in the account to accrue even more profit at the end of each week. This manner, not only does your principle earn interest, but so does your interest!
However, keep in mind the following:
- You will not get any interest for that week if you remove the money before the conclusion of the weekly term.
- While you may add more crypto to your YouHodler account at any time throughout the week, it will only start earning crypto interest the next week.
How to Earn Interest Without Owning Crypto with a YouHodler Savings Account
Want to make more money than a bank but don’t have any Bitcoin or cryptocurrency?
Don’t be concerned.
You may earn interest on YouHodler by using your preferred fiat money in three easy steps:
- You may fund your YouHodler wallet with fiat money (EUR, USD, or GBP) with a debit/credit card or a bank wire transfer.
- You submit the money and sit back and wait. Wire transfers may take up to 24 hours to complete, while card payments can be received nearly immediately.
- You change your fiat money into any of the various cryptocurrencies on YouHodler and begin earning interest on it!
With that in mind, YouHodler offers four primary services to choose from:
YouHodler Can Help You in 4 Different Ways
Let’s take a look at some of the most popular features one by one.
1. The YouHodler Savings Account is a kind of savings account that allows you to save money
This will be your primary passive revenue source on YouHodler if you want to make good money.
This is comparable to earning interest on conventional bank accounts such as savings accounts.
You deposit crypto instead of local currency like USD, EUR, or AUD.
Your money will automatically accrue interest once they reach your YouHodler account, and you can expect to get paid monthly.
You may also retain all of your cryptocurrency interest in your account and receive compound interest for as long as you like.
YouHodler enables you to borrow money (EUR, USD, CHF, and GBP) using your crypto as collateral if you’re dedicated to keeping crypto for the long term but need cash now.
This manner, you may receive cash right away without having to sell any of your crypto assets.
When you pay off the loan, you’ll receive your cryptocurrency back. So, if cryptocurrency prices rise, you can be certain that you will not be left out of any future bull market.
YouHodler explains how to obtain a cash loan.
Step 1: Fund your YouHodler wallet with one of the available collateral types. The following are the top 20 currencies that may be used as collateral for crypto loans:
Step 2: Fill out an application for a cash loan.
YouHodler is not a peer-to-peer platform like most other crypto lending services. You don’t need to look for a dealer with YouHodler Crypto Loans.
You’ll receive immediate from YouHodler’s own fiat money instead. And getting your loan authorized just takes a few seconds.
Step 3: Take your money out.
That’s all there is to it. You may now withdraw money from YouHodler using one of the following three methods:
- SEPA and SWIFT bank wire withdrawals are available. It is available all around the globe.
- Withdraw money from your MasterCard or VISA credit card.
- Crypto withdrawal: use their integrated crypto exchange to purchase any crypto or stablecoin.
Step 4: Recover your cryptocurrency collateral at any moment.
Consider it a one-time sale of your crypto, with you as the seller and YouHodler as the buyer.
By paying off your loan using a credit card, stablecoins, or a bank account, you may repurchase your crypto from YouHodler.
MultiHODL is ideal for individuals who wish to take on more risk in exchange for a higher return.
MultiHODL is a cutting-edge technology based on the Barbell Strategy that allows you to double your money and increase your potential profits.
So, how does MultiHODL function?
You’ll retain 80% of your crypto contributions in a secure crypto savings account with guaranteed fixed-income with MultiHODL. The remaining 20% will be invested in high-reward, low-risk speculative plays and high-reward, low-risk investments.
You may get the best of both worlds by using this approach.
- Put a significant part of your money in safe, lucrative savings accounts while you’re at it.
- Use a small amount to expose yourself to low-risk, high-reward investing opportunities.
Does this seem appealing to you?
What is MultiHODL and how do I utilize it?
Step 1: Take a desired quantity of money out of your wallet.
On YouHodler, this functionality is accessible for all stablecoins and cryptocurrencies.
To begin, decide what proportion of your entire funds you wish to invest in MultiHODL.
Step 2: Determine your profit and risk thresholds.
Select your take profit amount and risk level next.
Step 3: Recover your cryptocurrency at any moment.
That is all there is to it. You can now track the progress of your investment and close it anytime you want to make a profit or get your cryptocurrency back.
If the price falls below your loss threshold, the trade will be automatically closed after 30 days.
Overall, MutliHODL is an excellent method to diversify your investment portfolio. You’ll never lose more than you’ve put aside, and you’ll be able to increase your funds with huge upside potential.
Another unusual feature is Turbocharge, which enables you to get a series of loans.
If you can anticipate a bull run, you may want to buy as much cryptocurrency as possible to maximize your gains.
Turbocharge may be of assistance.
You may utilize the borrowed fiat money to purchase more crypto with no commission using this function. The bought crypto may then be used as security for further loans in the chain.
How to Get a YouHodler Turbocharged Loan
Step 1: Fund your YouHodler wallet with cryptocurrency.
To qualify for a Turbocharged loan, you’ll need to deposit some cryptocurrency into your YouHodler account and utilize it as collateral for your first loan.
Step 2: Determine the quantity of turbocharged fuel.
Your initial loan money will be automatically utilized to buy additional crypto and get a second loan. This procedure is done three to ten times, or as many times as you like. This is where the chain starts…
Step 3: Decide on a price for your Take Profit.
With cryptocurrency’s high price volatility, things may change so quickly that even the most seasoned traders may struggle to benefit during a bull run.
You may select your preferred Take Profit price to optimize your earnings.
YouHodler will automatically terminate the trade when your currency reaches the Take Profit price.
Step 4: Repay or cancel all debts whenever you want.
YouHodler will pay costs with the collateral, and you will get the remainder of the cryptocurrency.
You may replicate your collateral using this technique and benefit up to 6.5 times the original collateral value if prices rise higher.
Countries that have received assistance
Customers from all around the globe may use YouHodler, with the exception of the United States, China, and Bangladesh.
Is YouHodler a genuine website?
Let’s examine the facts:
- YouHodler has a strong team of professionals with a combined 20 years of experience working on FinTech and Education projects.
- YouHodler is a member of the Financial Commission and the BlockChain Association. This non-profit organization will guarantee that all YouHodler users have a way to resolve disputes outside of the site. If YouHodler falls short of your expectations, you may file a complaint and get a fast, impartial, and non-binding response.
- The Trustpilot review for YouHodler is Excellent. Despite the limited number of reviews, it is clear that the majority of consumers are satisfied with YouHodler’s services. With the passage of time, expect to see more real customer reviews.
Is it safe and secure to use YouHodler?
When it comes to security, there are a few things you should be aware of:
- To protect your valuables, YouHodler collaborates with Ledger Vault.
- You can trust Ledger Vault to keep your crypto assets secure with their sophisticated custody and security solutions. It’s also protected by a $150 million pooled crime insurance policy.
- The insurance covers a variety of risks, including collusion-related staff theft and third-party theft of private keys/master seed in the case of a hardware security breach.
- YouHodler has a $1 million USD insurance reserve to offset any loss of customer money.
While YouHodler is safe to use, you must exercise basic crypto security to protect yourself from human mistake and possible threats.
Pros of YouHodler
- For novices, it is user-friendly and well-integrated.
- A large number of cryptocurrencies are available. On Bitcoin, stablecoins, and other major cryptocurrencies, you may earn up to 12% yearly interest.
- Weekly crypto compound interest payments are available.
- A safe and secure environment. The Ledger Vault digital asset management solution protects all of your crypto holdings.
- Withdrawal is quick and easy.
- The mobile app is available on Google Play and the App Store, making it simpler to monitor your cryptocurrency investments while on the move.
- There are no costs for making cryptocurrency deposits or withdrawals.
- There are no credit checks – It’s simple and quick to use cryptocurrency as collateral for a loan.
- The loan-to-value ratio is quite high (90 percent LTV)
- Withdrawals via credit card and bank account are available immediately.
- The Ledger Vault digital asset management system safeguards all money.
- Repayment alternatives that are flexible
Cons of YouHodler
The major drawback of utilizing centralized sites like YouHodler is that you do not have control over your crypto wallet’s private key.
It’s worth noting that YouHodler is said to have exposed 86 million pieces of sensitive client data, including credit card numbers and bank account numbers, due to a failure to secure its server with a password. This occurred in July of this year.
YouHodler has been using two-factor authentication and email verification to improve its security since then.
They also collaborate with Cloudflare and IdentityMind to verify their systems’ security settings and avoid any possible leakage in the future.
“Not your keys, not your Bitcoin,” as the saying goes.
There is no crypto platform that is completely secure. They are not yours if they are in the trade.
Essentially, you must have faith in the platform’s ability to safeguard your crypto assets.
You must first transfer your valuable crypto to your YouHodler wallet, regardless of whatever services you use – crypto loans, savings accounts, MultiHODL, or Turbocharge.
In this scenario, it’s comforting to know that your crypto assets are safe with Ledger Vault, which employs industry-leading and independently verified security technology.
According to our investigation, YouHodler is a legitimate business that offers a simple, quick, and secure method to borrow, lend, and trade cryptocurrencies all from one dashboard.
Investing in Bitcoin and other cryptocurrencies and earning nothing is a thing of the past.
YouHodler has recently given everyone a new way to store their crypto in interest-bearing accounts.
You don’t have to sell your precious crypto assets if you need cash; instead, utilize YouHodler Loans to obtain quick cash at a low interest rate.
Furthermore, you may optimize your earnings and returns by using cutting-edge technologies such as Turbocharge and MultiHODL.
That’s all I’ve got for now. I’ll be updating this page with the newest information as the YouHodler develops its features and services, so check back often to learn more.
I hope this YouHodler review has been helpful in determining whether or not YouHodler is suitable for you. Check out my post on the Best Bitcoin Lending Sites for additional information on Bitcoin alternatives.
Are you willing to join this new financial revolution?
What are your thoughts?
Would you borrow, lend, and trade cryptocurrencies via YouHodler? Why do you think that is?
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If you believe any of your friends might benefit from this, please forward it to them.
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Because I am not a financial adviser, my suggestions should not be considered professional investment advice.
YouHodler is a peer-to-peer lending platform that allows people to lend and borrow money. The company offers loans at a high interest rate, but their website claims that they are regulated by the financial authorities in Canada. Reference: is youhodler regulated.
Frequently Asked Questions
Is YouHodler com legit?
YouHodler is a legitimate company.
How does YouHodler earn interest?
YouHodler is a peer-to-peer lending platform that allows individuals to lend money to other members. These loans are repaid with interest, which can be paid out in the form of cryptocurrency or fiat currency.
Is YouHodler available in United States?
YouHodler is available in the United States.
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