YouHodler

Introducing YouHodler, a well-known service for earning interest on cryptocurrency and stable coins. YouHodler has a partnership agreement with Binance. The level of UI and UX of the application is very high — I consider YouHodler to be a company with strong technical capabilities. I have placed a lot of assets on it among the lending services I use.

YouHodler Overview

YouHodler has a corporate office in Limassol, Cyprus, with a business location in Switzerland, operating primarily in Europe. The CEO is Ilya Volkov. Interestingly, his Twitter account is followed by CZ, CEO of Binance — something that is hard to find among other lending companies.

YouHodler is also an official Blockchain Association member of the Financial Commission. Being followed by CZ reflects the strong cooperation with Binance, evident in YouHodler's support for the Binance Smart Chain network.

YouHodler Services

YouHodler's main service is lending. The company serves two segments: those who want to earn interest (crypto lending) and those who want to borrow crypto (loans). The five main services are:

1. Crypto Interest
2. Crypto Loans
3. Multi HODL
4. Turbo Charge
5. Exchange

1. Crypto Interest

With YouHodler, you can earn anywhere from 3% to 12% or more just by placing your cryptocurrency. Supported currencies include BTC, BCH, BNB, ADA, ETH, LTC, XLM, XRP, most top market cap coins, plus USD and EUR (fiat deposit only, not for interest). Emerging coins are also added periodically as market needs change.

Interest is compounded weekly. The minimum balance to earn interest is $100. Deposited funds are not locked and can be withdrawn at any time. Note: the maximum deposit for interest earning is $100,000.

The procedure is simple: complete KYC, then deposit to a designated address. Interest is calculated every 4 hours and credited to your wallet every week, compounding and growing. SMS or email notifications for interest payments are available.

2. Crypto Loans

By depositing cryptocurrency as collateral, you can borrow crypto or fiat (EUR, USD, CHF, GBP). Borrowed funds can be instantly withdrawn to a credit card or bank. The LTV is set at a maximum of 90% — higher than most other providers, which increases risk if the collateral drops in value.

Loan term options:

• 30 days: up to 90% LTV
• 60 days: up to 70% LTV
• 180 days: up to 50% LTV

YouHodler uses the term “PriceDownLimit” (PDL) — the minimum price the collateral must stay above. If the collateral falls below PDL, YouHodler can sell the collateral and terminate the loan. You can always deposit more crypto to keep the loan open if the value approaches PDL.

Three repayment options:

• Repay in full (loan + interest)
• Extension (roll into a new loan with same terms + a small fee)
• Walk-away at 90% LTV (85% of collateral refunded)

3. Multi HODL

Multi HODL is YouHodler's margin trading product, allowing up to 30x trading power. You can even apply interest rates to leveraged positions. Note that MultiHodl can cause you to lose all deposited funds — use with extreme caution. For serious margin trading, exchanges like Binance or Bybit offer more features.

4. Turbo Charge

Turbo Charge allows you to borrow up to 15x your deposited assets. Similar to MultiHodl, it is a leveraged service. Use it only with a clear strategy and risk management plan.

5. Exchange Function

YouHodler allows you to exchange deposited cryptocurrency into other currencies. However, as with all lending service exchange functions, it is essentially a sales office — transactions settle at a premium to market price plus a commission. Not recommended for regular use.

Security

YouHodler is not US-based and has no FDIC protection. In terms of security, Ledger Vault custody is used with up to $150 million in insurance coverage. Fireblocks is also mentioned as a custody service provider for some operations. All credit card operations are PCI security standards compliant. All crypto operations are CCSS (Cryptocurrency Security Standards) compliant. Regular external audits are also conducted.

Standout Advantages

Generally Higher Interest Rates

Interest rates are a few percent higher than other lending service companies in general. Some coins offer rates nearly twice as high as competitors. In particular, PAXG interest rates at YouHodler are by far the highest of any lending service company — I deposit PAXG at YouHodler specifically for this reason.

BSC Network Support — Very Low Fees

YouHodler supports the BSC (Binance Smart Chain) network for transfers. Most lending companies only support BTC or ETH networks, where fees can cost ¥2,000 or more. With YouHodler's BSC support, transfer fees are under ¥100. I frequently transfer between Binance and YouHodler using BSC — it is incredibly cost-effective.

Excellent Mobile App UI/UX

Having used about 15 lending service companies, YouHodler is one of the best in terms of app ease of use. The UI and UX are very high quality. The app shows interest accumulated every 4 hours, and you can receive weekly interest notifications via SMS, email, or app. The app is very lightweight and never becomes sluggish.

Pros & Cons

Summary

Operating with a lending service company is very easy — simply deposit and receive interest. Since PAXG's interest rate is the highest in the industry, YouHodler is especially recommended for users who want to earn interest with PAXG.

YouHodler may also be a good option for those already using a major service like BlockFi but dissatisfied with the interest rates. As always, diversification across multiple lending services is strongly recommended — never put everything in one place.