YouHodler is an emerging cryptocurrency exchange that supports the trading of digital currencies and more. The platform is described as a hybrid CeDeFi platform that offers innovative DeFi products, setting it apart from traditional exchange frameworks.
YouHodler was founded in 2018, with bases in Switzerland and Cyprus. It supports a number of cryptocurrencies for trading and increases their coverage by adding to these regularly.
YouHodler is regulated by a number of European financial entities.
What sets YouHodler apart is its other key offerings: crypto loans, interest, multi HODL, and Turbocharge.
Users who pre-own YouHodler-supported cryptos can make wallet-to-wallet transfers to the compatible crypto wallets provided on the YouHodler platform.
In addition to supporting the trading of cryptos, crypto holders may also:
- Spend crypto via the YouHodler App.
- Earn interest on cryptos.
- Place cryptos as collateral for loans.
- Increase crypto exposure by up to 6.5x via Turbocharge
YouHodler’s Multi HODL is a tool to multiply your crypto assets using a portion of your YouHodler wallet balance.
Here, the advantage is that users can keep the majority of funds safely in a wallet while earning interest and using some amount to engage in trading activities with high-profit potential.
The platform uses your Multi HODL assets to open the first loan in an automated chain of loans. With the borrowed funds from the first loan, the platform buys more crypto and uses it as collateral for a second loan in the chain. The process repeats itself from 2 to 50x depending upon the user’s Multiplier Level.
YouHodler provides support via Chat and email. Additionally, there is a comprehensive Help Section that includes tutorials and FAQs.
The platform also offers a simple-to-use exchange for users looking to interchange between cryptos and fiats.
As a regulated entity offering the largest and most popular cryptos, coupled with its support of both fiat and crypto, the YouHold platform takes the crypto world one step closer to a banking alternative.
YouHodler offers users loans to meet regular fiat currency needs. Crypto holders may place already held crypto as collateral in order to obtain fiat money or stablecoins. Upon repayment of the loan, YouHodler returns the held crypto to the borrower.
Based on a cascade of loan principal, crypto holders may use crypto as collateral to get more crypto and benefit in case of further price growth. This is an ideal product of crypto holders foreseeing further price growth.
YouHodler has dedicated wallets page to support crypto and fiat conversions as well as deposits and withdrawals.
YouHodler is an innovative CeDeFi platform delivering traditional banking features such as loans and interest to the crypto market.
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