In this 2023 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.
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.
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.
Now it’s time I walk you through its features in this in-depth YouHodler review.
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.
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.
Understanding order types is crucial:
The “Conversion” feature on YouHodler allows you to change one cryptocurrency into another effortlessly.
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:
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.
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.
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.
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.
Engagement is key in the crypto world. However, YouHodler focuses on individual account management, ensuring your journey is personal and secure.
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.
Automating your trading strategies is a smart move. However, YouHodler works to perfect its wallet, loan, and interest account services.
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.
Earning through your crypto is simplified with YouHodler’s Yield Accounts. Your crypto assets work for you even when you’re sleeping, growing steadily.
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.
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.
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.
Now, let’s talk about getting you on board. Registration isn’t a hurdle but a welcoming gateway.
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.
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.
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:
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.
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.
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.
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.
|Deposit Method||Fee (per transfer)||Min/Max deposit amount (per transfer)||Transfer processing time|
||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)||
|Crypto/Stablecoins||0||Min 5 USD in crypto equivalent||May vary from few minutes to several hours|
|Withdrawal Method||Fee (per transfer)||Min/Max deposit amount (per transfer)||Transfer processing time|
|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|
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.
Every time you swap your assets, whether crypto to fiat or crypto to crypto, YouHodler applies a small fee. Here’s a closer look:
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.
|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.
With Multi HODL, you dive into a pool of potential earnings, and YouHodler has a transparent commission structure for this venture:
The interest rates on YouHodler are like the heartbeat of your investments, varying with each cryptocurrency. For example:
Your interest earnings will reach your YouHodler wallet every month like clockwork.
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.
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:
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.
You’ll find the deposit and withdrawal methods relatively straightforward. Whether you’re team fiat or team crypto, YouHodler has a spot for you.
Ready to fuel your account? Here are your options:
When it’s time to pull back, here’s how:
A little heads up on what to expect:
Limitations? Just a Few:
Again, these fees may change, so pay close attention to what’s updated on the platform.
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.
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.
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.
While the support structure is robust, it’s not without its flaws. Some issues did crop up during our review.
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.
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 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.
YouHodler is a crypto-fiat platform providing services like crypto-backed loans, crypto conversions, and high-yield savings accounts.
Yes, YouHodler employs robust security measures, though, like any platform, it isn’t entirely risk-free.
Yes, YouHodler is a reputable company, holding licenses from Swiss and Italian authorities, which underscores its compliance with financial regulations in those regions.
Key features include crypto loans, savings accounts, and Multi HODL for leveraging assets.
Benefits include earning interest on crypto holdings, accessing liquidity, and various financial products.
The platform is user-friendly and intuitive, making operations simple even for newbies.
Risks include market volatility affecting your collateral value and potential liquidation if the value falls below a certain threshold.