1: What is a YouHodler Savings Account?
YouHodler has various saving accounts for cryptocurrencies Bitcoin (BTC), Binance Coin (BNB) and stablecoins Tether (USDT), TrueUSD (TUSD), Paxos (PAX) and USD Coin (USDC) and many other. Users holding these coins can earn up to 12% per year by simply keeping those coins into their wallet. Compound interest payments are deposited directly into users’ wallets every 7 days.
For more detailed and up to date information please check this page 👇
https://www.youhodler.com/earn-crypto
2: Why choose YouHodler for your savings accounts?
Compared to other platforms, YouHodler offers some of the highest interest rates on savings accounts (12%), attractive crypto and stablecoin options, the ability to customize a savings account plan and quick and instant withdrawal of savings account earnings to a wallet of your choice.
Furthermore, all savings funds are protected by Ledger Vault digital asset management system and $150M pooled crime insurance. Also there is a unique ability to use funds from a savings account as collateral for other lending products (e.g. Multi HODL™). Whereas other platforms have a one-dimensional savings account, YouHodler has unique tools included to help users maximize their interest rates and earn more crypto.
3: How to get a crypto-backed loan on YouHodler
Step 1: Deposit crypto
YouHodler pays interest on BTC, PAXG, USDC, TUSD, USDT, HUSD, PAX, BNB, HT, XRP, XLM and ETH deposits. If you don't have such crypto you can convert it from other cryptocurrency or fiat currency. Earn 12% on EUR, earn 12% on USD, earn 12% on GBP. Convert fiat to stablecoins in seconds using our partners.
Step 2: Earn interest on crypto
Once the funds are deposited into your Savings Account, the first weekly payment period begins.
Monitor your Savings Account earnings on a daily basis by checking the "Earned" counter. At the end of each week, the earned amount will be deposited into your Savings Account.
Important info
If you release funds before the end of the weekly period, you will not receive interest earned during the uncompleted week.
If additional crypto is deposited within the weekly period, the crypto interest from this deposit will be applied to the next week.
After each week is over, crypto interest will be deposited into your Savings Account. Users are free to keep it there to accumulate even more profit
3: Boost your savings and keep your interest
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Summary & Conclusion :
1. A user registers on the platform.
2. The user initiates KYC (scan of their ID, a selfie with ID, fills in required valid personal info).
3. The KYC provider verifies all uploaded information automatically within minutes.
4. If the KYC is approved by the support team, then the opportunity to take a Loan, Turbocharge, open a Savings account or MultiHODL is opened to the user.
In conclusion, Youhodler crypto savings account is a smart and secure way to grow your cryptocurrency investments while earning passive income. With advanced encryption technology and protection against theft, you can trust that your assets are safe and sound. Whether you're looking to hold onto your crypto for the long term or earn steady returns on your investments, a crypto savings account is a valuable tool in your financial strategy. As the world of finance continues to evolve, crypto savings accounts offer a promising way to participate in the future of money.
Sign up today and start earning passive income on your cryptocurrency holdings.
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