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YouHodler Review in 2024: Pros, Cons, and Features

Last Updated January 19, 2024 12:55 PM
Justin Murphy
Last Updated January 19, 2024 12:55 PM

In this 2024 YouHodler review, I will share everything you need to know about this crypto exchange. We’ll explore pros and cons, essential features, and more to see if this platform fits your investing needs.

Let’s dive in!

Disclaimer:  Investing in cryptocurrencies carries significant risk. Values are highly volatile. Never invest more than you can afford to lose. This site does not provide financial advice. Act based on your own research and consult with a financial professional before making decisions. Don’t invest unless you’re prepared to lose all the money you invest.

Key Takeaways

  • Crypto loans
  • High loan-to-value (LTV) ratios
  • Variety of collateral options
  • Flexible loan terms
  • Interest-earning accounts
  • Security
  • Responsive customer support

Pros and Cons of YouHodler

Pros

  • Simplified trading tools
  • Licensed and regulated
  • Instant profit withdrawal

Cons

  • Does not have a native coin
  • Lack of transparency
  • Minimum deposit $100

Exploring YouHodler: Brief Overview

Founded in 2018 by Naumard Ltd., YouHodler has swiftly become one of the shining stars in the crypto sky. Based out of the panoramic Lausanne, Switzerland, this company’s roots are grounded in the sturdy financial laws of the EU and Switzerland.

YouHodler is more than just a wallet. Think of it as your multi-tool for all things crypto. YouHodler offers everything from crypto-fiat wallets with integrated exchange to intriguing products like trading, lending, and sweet crypto rewards.

And with a tap into traditional payment systems, you’re not locked into just crypto. Bank and card payments?

Yep, you are covered.

Moreover, this broker has a user base spreading across 180 countries. So, it’s not just a platform; it’s a global community.

The fact that it’s centralized means there’s a human touch behind the screen. That’s right, real people ensure your money stays safe and grows. Some might call it the ideal way to get started with cryptocurrencies.

YouHodler: Background Information

Buckle up, and let’s dive into the world of YouHodler, a company making waves in the crypto ocean. Ilya Volkov is the CEO and co-founder steering the YouHodler ship. With a whopping 20 years in fintech, Volkov isn’t new to the financial rodeo. He’s been around the block, mastering commercial finance, online trading, and now, Web3 financial services.

The interest-earning account is a beauty, boasting up to 12% APR with compounding interest. And for those dipping their toes into cryptocurrencies, YouHodler supports heavy hitters like BTC, ETH, and BNB. YouHodler has got your back with stablecoins like EURS, USDC, and USDT.

YouHodler is an official Crypto Partner of Torino FC. It’s not playing around with security, either. Its custody is secured by Ledger Enterprise .

And if you’re all about the credentials, YouHodler is affiliated with the Financial Services Ombudsman FINSOM and is recognized as a regulated EU and Swiss Financial institution.

YouHodler: Features & Services

Now it’s time I walk you through its features in this in-depth YouHodler review.

Layout and ease of use

YouHodler’s platform stands out for its intuitive design. The interface is simple and is suitable for both seasoned crypto traders and beginners.

Depositing and withdrawing your crypto is seamless, giving you access to a suite of tools beyond just trading.

Available trading pairs

With over 60 trading pairs on YouHodler, you have a variety to choose from, including a mix of crypto, fiat, and stablecoins.

For those interested in trading crypto or forex pairs, this broker offers options such as EURS/USDT and TGBP/USDT.

Order types available

Understanding order types is crucial:

  • Market order: You’re buying or selling at the best available price.
  • Limit order: You set a specific price. If the market reaches it, your order is executed.
  • Take profit order: This allows you to lock in your profits by setting a specific price for selling.
  • Stop loss order: This helps protect your assets by setting a price at which your assets will be sold to prevent further loss.

Other exchange features

The “Conversion” feature on YouHodler allows you to change one cryptocurrency into another effortlessly.

Lending/borrowing features

YouHodler’s lending feature is a highlight, allowing you to use your crypto as collateral and get a loan. Loans start from $100 and can be kept for up to 364 days. This feature means you can secure funds without parting with your crypto assets.

Here’s a simple breakdown of how crypto-backed loans work:

  1. Decide on the amount of crypto you’ll use as collateral.
  2. Choose the currency you’d like in return.

With YouHodler, the loan approval process is instantaneous after completing identity verification procedures. It holds onto your crypto and returns fiat or other digital currencies.

The loan terms can vary based on the crypto used as collateral, but YouHodler provides transparent information about fees and conditions.

The Turbocharge feature is a unique lending tool. While a standard loan gives you borrowed funds, Turbocharge reinvests those funds for you, allowing you to acquire more crypto assets.

Multi HODL is another tool that takes borrowing and investing to another level. With Multi HODL, you can borrow funds and then use them to make market moves by taking positions. If you accurately predict market trends, the profits could be used to repay your loan.

Supported wallets

The YouHodler crypto wallet is more than just a vault for your digital treasures. It’s a versatile hub where you can HODL, earn, stake, and multiply your assets effortlessly.

When you create an account, you’re not just getting a wallet; you’re getting a powerhouse.

  • Crypto interest accounts: With YouHodler, your crypto does more than just sit around. The platform offers interest accounts where your funds grow at an admirable rate of up to 11.28% APY. It’s like having a garden where your funds blossom over time.
  • Ease of use: The multi-coin wallet feature makes managing a variety of cryptocurrencies a breeze. Whether on your computer or using the mobile app, the intuitive design makes every action straightforward.
  • Variety: With support for 50+ popular cryptocurrencies, creating a Bitcoin account alongside other dedicated multi-coin wallets is smooth.

So, what wallets are supported?

YouHodler has its dedicated wallet, impeccably designed to cater to your crypto management needs. It’s not just a wallet; it’s your crypto command center.

Supported coins

Wondering about the diversity of supported cryptocurrencies? YouHodler doesn’t disappoint. With a vast array of supported coins, it provides a fertile ground for your crypto exploration.

Range: From popular stalwarts like Bitcoin to unique lesser-known cryptos, the platform embraces a broad spectrum of cryptocurrencies.

New and unique cryptos: Have you ever wanted to delve into new or unique cryptocurrencies? YouHodler provides a place where your curiosity won’t feel restrained.

User profiles

Engagement is key in the crypto world. However, YouHodler focuses on individual account management, ensuring your journey is personal and secure.

NFT support

The NFT realm is exciting, but YouHodler keeps it simple for now, focusing on core cryptocurrency features to provide a solid foundation for its users.

Trading bots

Automating your trading strategies is a smart move. However, YouHodler works to perfect its wallet, loan, and interest account services.

YouHodler card

The platform extends its practicality into the real world with crypto debit/credit cards. It’s not just about managing your crypto; it’s about seamlessly integrating it into your daily life.

Yield accounts

Earning through your crypto is simplified with YouHodler’s Yield Accounts. Your crypto assets work for you even when you’re sleeping, growing steadily.

Cloud miner

Mining cryptocurrencies often requires a high technical threshold. While YouHodler doesn’t offer cloud mining, it ensures users have other straightforward avenues to grow their funds.

YouHodler Experience

Stepping into the expansive realm of cryptocurrency can be thrilling yet intimidating. That’s where YouHodler offers a friendly face in the complex crypto landscape.

User experience

The first handshake with YouHodler is a warm and firm one. The platform’s intuitive design makes your initial interaction smooth and inviting.

How well does it operate? Well, it’s like a well-oiled machine. The operations are seamless, with no reported lags or glitches. It’s clear that the customer experience is a priority here.

Registration process

Now, let’s talk about getting you on board. Registration isn’t a hurdle but a welcoming gateway.

  • Straightforwardness: The path is clear, and the steps are simple. Country, email address, and a strong password kickstart your journey. A few more clicks to validate your email address and provide your ID and residential address, you’re in!
  • AML Procedures: Ah, the necessary protocol to ensure safety. You’ll need to pass through the Anti-Money Laundering (AML) checkpoint. It’s a straightforward process, ensuring that you and the platform are securely tethered.

YouHodler educational resources

YouHodler doesn’t just hand you the tools and leaves you to figure it all out. It extends a helping hand through its educational resources. YouHodler has a dedicated YouTube channel filled with insightful videos.

Whether trading with Multi HODL, streamlining KYC procedures, or understanding the YouHodler Cloud Miner, the platform ensures you’re well-equipped with knowledge.

The idea behind YouHodler is simple yet profound – to offer a platform where individuals, be they seasoned investors or curious beginners, can navigate the crypto waters with ease and confidence.

YouHodler doesn’t just stand as a mere platform; it positions itself as a companion in your crypto venture.

Is YouHodler Safe

Embarking on the crypto journey is thrilling, yet the trail is laden with queries about safety. One name you’ll come across in your quest for a secure crypto exchange is YouHodler.

But how safe is it? Let’s delve into the safety nets YouHodler has to protect its community.

Key security features

YouHodler doesn’t skimp on security. It adheres to industry gold standards to ensure the safety of your transactions and funds.

Here’s a rundown of its robust security framework:

  • IT security checks and data protection: By conducting rigorous IT security checks and ensuring data protection, YouHodler ensures the walls guarding your assets are impenetrable.
  • Reputable banking partners: Your fiat funds find safe harbor in reputable banks across Europe and Switzerland, a testimony to YouHodler’s trust in established financial institutions.
  • Ledger vault technology: This is where technology meets security. YouHodler employs Ledger Vault’s top-notch infrastructure to manage its crypto assets securely. And there’s a cherry on top – a $150 million pooled crime insurance to cushion against unforeseen mishaps.
  • PCI and CCSS compliance: You’re in safe hands with credit card operations under PCI Security Standards and crypto operations aligning with Cryptocurrency Security Standard (CCSS).
  • Regular external audits: By subjecting itself to external security audits, YouHodler ensures its security measures are always a step ahead of potential threats.
  • Two-factor authentication (2FA) and encryption: The trio of 2FA via SMS, Authy, and Google Authenticator, coupled with 256-bit SSL Encryption, forms a formidable line of defense against phishing and other cyber-attacks.

Methods used to secure user funds and data

YouHodler bridges the traditional and crypto finance worlds by not shunning banks but partnering with them.

The collaboration with trusted fiat payment providers further cements the safety of your transfers.

  • Ledger Vault: The use of Ledger Vault’s security solutions underscores YouHodler’s commitment to safeguarding your crypto assets, backed by a hefty $150M insurance cover.
  • Banking relations: YouHodler’s bank accounts in reputable banks across Europe and Switzerland are a hallmark of trust and security in handling your fiat funds.

History of security breaches

No one’s perfect, right? There was a hiccup when a data breach occurred. YouHodler was quick to patch the leaks, showcasing its commitment to user safety.

The ordeal also heightened vigilance in security measures, making YouHodler more robust than ever.

Overview of regulatory framework

YouHodler takes regulatory compliance seriously. By aligning with Know Your Customer (KYC) and Anti-Money Laundering (AML) standards and joining hands with SumSub to expedite the onboarding process, YouHodler ensures a smooth, compliant, and secure user experience.

  • Fast-track verification: The alliance with SumSub has cut down verification times drastically to just a minute and a half. This made the onboarding process a breeze while staying compliant.
  • Enhanced pass rates: The collaboration has also increased pass rates in high-traffic regions by 72%, smoothing how more users can join the YouHodler network securely.

Any licenses or certifications obtained

YouHodler cryptocurrency exchange wears its compliance badges with pride. As an EU and Swiss-based brand, it’s an active member of reputable blockchain associations.

The recent registration with Organismo Agenti e Mediatori  (OAM) in Italy further extends its service horizon, complying with local regulations.

Holding a cryptocurrency exchange license and a crypto-pawnshop license in Switzerland, YouHodler showcases its commitment to operating within a recognized legal framework.

Venturing into the crypto realm with YouHodler is like having a sturdy safety net below as you move across digital assets’ exhilarating, dynamic world.

With transparent practices and robust security measures, the choice to join YouHodler is a step towards safe and secure crypto transactions.

YouHodler Fees

Deposit Method Fee (per transfer) Min/Max deposit amount (per transfer) Transfer processing time
Bank wire
  • EUR, CHF – 0 
  • USD (SWIFT) – 25 
  • GDP – 20
  • Min 300 for GBP
  • Min 100 for USD/EUR/CHF
  • USD, EUR (SWIFT) – up to 5 business days
  • EUR (SEPA) – up to 2 business days
  • GBP, CHF – up to 3 business days
Bank card 1%
  • Min 10
  • Max 500
Instantly
AdvCash
  • 0.5% – AdvCash wallet payment
  • 4.5% – Bank card via AdvCash
  • The actual fees available on the AdvCash service page
The actual limits available on the AdvCash service page May vary from a few minutes to a few hours
Apple Pay 1% (available only for EUR and USD)
  • Min 10
  • Max 500
Instantly
Crypto/Stablecoins 0 Min 5 USD in crypto equivalent May vary from few minutes to several hours

Deposit fees

Withdrawal Method Fee (per transfer) Min/Max deposit amount (per transfer) Transfer processing time
Bank wire
  • USD (SWIFT) – 1.5% (min 85 USD)
  • EUR (SEPA) – 5 EUR
  • EUR (SWIFT) – 55 EUR
  • GBP, CHF – 0.15% (55 GBP; 70 CHF min)
  • 500 for EUR (SWIFT)
  • 300 for GBP and USD
  • 30 for EUR (SEPA)
  • 100 for CHF
  • USD, EUR (SWIFT) – up to 5 business days
  • EUR (SEPA) – up to 2 business days
  • GBP, CHF – up to 3 business days
Crypto/Stablecoins The withdrawal conditions may vary 5 – 50 USD in crypto/stablecoins equivalent depending on the withdrawal currency May vary from a few minutes to a few hours

Withdrawal fees

It’s essential to understand the fee structure and interest rates. These will be your companions as you navigate this crypto realm. Let’s break it down in a simple, digestible way.

Exchange fees

Every time you swap your assets, whether crypto to fiat or crypto to crypto, YouHodler applies a small fee. Here’s a closer look:

Crypto to Fiat Exchange

  • Fee: 0.4%
  • Minimum conversion amount: From $30 in crypto equivalent, depending on the currency.
  • Maximum conversion amount: This varies based on the conversion currency pair. You can find the exact limits on the conversion form on the wallet page.
  • Processing time: Depending on the conversion currency pair, it ranges from a few seconds to several minutes.

Crypto to Crypto Exchange

  • Fee: 0.0002%

The other details remain the same as the crypto-to-fiat exchange, keeping the process uniform. Keep in mind that fees may change in the future, and always check the official website for the latest information.

Loans

Term Min input amount Fee Other fees
Classic loan 364 days 100 USD in crypto equivalent Daily fee – from 0.0178% Close now, Extend PDL, Increase LTV
Turbo charge From 10 to 65 days 100 USD in crypto equivalent Fee from 0% Close now

Fees for different loans

YouHodler’s loan service is quite the catch, offering a way to multiply your crypto assets with Turbocharge or get a classic loan. Each has its fee structure tailored to meet your needs.

Multi HODL commission

With Multi HODL, you dive into a pool of potential earnings, and YouHodler has a transparent commission structure for this venture:

  • Revenue sharing: If your Multi HODL event hits the jackpot, YouHodler takes a tiny percentage commission on the profit. The platform also removed the origination fee.
  • Origination fee: This is your entry ticket to Multi HODL, comprising several other fees; The borrowed funds used to buy leveraged crypto and fees to cover real-time execution on exchanges..

Interest rates

The interest rates on YouHodler are like the heartbeat of your investments, varying with each cryptocurrency. For example:

  • Bitcoin: APY of 3.05%
  • Ethereum: APY of 4.08%
  • USDT: APY of 8.33%

Your interest earnings will reach your YouHodler wallet every month like clockwork.

YouHodler Supported Countries

Stepping into YouHodler’s cryptocurrency domain is stepping into a realm of potential. However, knowing if your country is on YouHodler’s guest list is crucial before you get in.

Luckily, YouHodler has flung open its doors to numerous countries, standing as a beckoning gateway for many into the crypto lending arena.

Where can you access YouHodler?

With its heart pulsing in Cyprus, YouHodler reaches out far beyond, welcoming folks from various global corners.

Although a cherished invite extends to many, residents from certain countries like the USA, Canada, China, Afghanistan, and others, unfortunately, find a “No Entry” sign.

The complete list of YouHodler restricted countries includes:

  • United States
  • Canada
  • Unincorporated territories of the US
  • China
  • Afghanistan
  • Algeria
  • Bangladesh
  • Belarus
  • Bolivia
  • Crimea; Donetsk; Luhansk
  • Cuba
  • Egypt
  • Iran
  • Iraq
  • Morocco
  • Myanmar
  • Nepal
  • North Korea
  • Pakistan
  • Palestinian Territories
  • Russia
  • Sudan
  • Syria
  • Qatar
  • Tunisia
  • Saudi Arabia

Are there any exceptions?

Yes, there are a few exceptions. For instance, in Switzerland and Singapore, the service spectrum narrows down, aligning with local legal landscapes.

So, while the crypto-backed loan, conversion, MultiHODL, and a few other features are accessible, some, like fiat transfers in Singapore, are off-limits.

Deposit and Withdrawal Methods on YouHodler

You’ll find the deposit and withdrawal methods relatively straightforward. Whether you’re team fiat or team crypto, YouHodler has a spot for you.

Deposit methods

Ready to fuel your account? Here are your options:

  • Crypto/stablecoins deposit: Swift, simple, and straightforward.
  • Bank wire: A cost-effective method for your fiat deposits.
  • Apple Pay: A modern touch to your deposit journey.
  • Bank card: Your everyday card connecting you to a world of crypto.
  • AdvCash: Almost instant, almost like magic.

Withdrawal methods

When it’s time to pull back, here’s how:

  • Crypto withdrawals: Straight to your external crypto wallet.
  • Fiat withdrawals: Bank transfers with a predictable timeframe.

Fees: A quick glance

A little heads up on what to expect:

Deposit Fees:

  • Bank wire: Varies by currency.
  • Bank card, Apple Pay: 1%
  • AdvCash: 0.5% – 4.5%
  • Crypto/Stablecoins: Fee-free!

Withdrawal Fees:

  • Fiat: Varies by method and currency.
  • Crypto: Depends on the type, minimal for many, like BTC and ETH.

Limitations? Just a Few:

  • Deposits: Verification needed, some geographic and network checks in place.
  • Withdrawals: Again, verification’s key and ensuring correct network use is crucial.

Again, these fees may change, so pay close attention to what’s updated on the platform.

YouHodler Customer Support Channels: Always a Click Away

The trio of support channels offered by YouHodler aims to cover all bases. In an industry where clarity is vital, having multiple avenues for support isn’t just an option. It’s a necessity.

  • Phone: A direct line for when typing out your concerns feels tedious.
  • Email: For the times when your question requires a detailed explanation.
  • Live chat: When a query pops up while you’re on the platform, the live chat is just a click away. Available 24/7, it promises almost instant answers.

Adding live chat is a nod to the immediate help most of us often need. The 24/7 availability means someone is always there to assist, whether you’re a night owl or an early bird.

Support in English

Communication is the bridge to understanding, and YouHodler ensures that language isn’t complex.

The support is available in English, breaking down potential language barriers and ensuring a more comprehensive range of clients can get the needed assistance.

A few bumps along the way

While the support structure is robust, it’s not without its flaws. Some issues did crop up during our review.

  • Bots before humans: Initially, you might find yourself chatting with bots before reaching a human. It can be a tad frustrating when you’re seeking immediate human assistance.
  • Occasional communication hiccups: There were instances of poor communication from support, which could leave customers feeling in the lurch.
  • Unanswered queries: Not all questions hit the mark. There were times when support couldn’t provide the desired answers, leaving a trail of uncertainty.

Customer service is the backbone of any platform, especially in the crypto realm, where every action carries weight.

YouHodler has made significant strides in ensuring customer support is accessible and available. Still, there’s room for improvement to enhance the overall customer experience.

YouHodler Mobile App

The YouHodler Mobile app, free for iOS and Android users, offers a straightforward way to manage crypto loans and funds. It mirrors the site’s features in a compact form, with deposit/withdrawal capabilities and a profile control panel for loan management.

The interface is clean and easy to navigate, presenting all available coin, token, and fiat currency options upon logging in.

Besides, it allows for an overview of your account activity and profile management right from your phone, aiming to make handling your crypto holdings less of a difficulty and more of a convenient option.

YouHodler Review: Final Thoughts

YouHodler presents a unique blend of opportunities for newcomers and seasoned crypto enthusiasts.

By bridging the gap between traditional fiat money and decentralized currencies, it offers a comfortable platform for investment, borrowing, and lending. The numerous positive reviews reflect its growing reputation in the crypto business.

With various currencies available, it’s a place where borrowers and lenders meet to benefit mutually. The addition of a user-friendly mobile app makes managing your crypto deposits and interest payments a breeze.

YouHodler’s content-rich platform is a commendable option if you’re looking for crypto savings accounts, making the journey into blockchain financial systems less daunting and more accessible.

Frequently Asked Questions

What is YouHodler?

YouHodler is a crypto-fiat platform providing services like crypto-backed loans, crypto conversions, and high-yield savings accounts.

Is YouHodler safe?

Yes, YouHodler employs robust security measures, though, like any platform, it isn’t entirely risk-free.

Is YouHodler a reputable company?

Yes, YouHodler is a reputable company, holding licenses from Swiss and Italian authorities, which underscores its compliance with financial regulations in those regions.

What are the key features of Youhodler?

Key features include crypto loans, savings accounts, and Multi HODL for leveraging assets.

What are the benefits of using YouHodler?

Benefits include earning interest on crypto holdings, accessing liquidity, and various financial products.

How easy is it to use the Youhodler platform?

The platform is user-friendly and intuitive, making operations simple even for newbies.

What are the risks associated with using YouHodler?

Risks include market volatility affecting your collateral value and potential liquidation if the value falls below a certain threshold.

youhodler review