YouHodler Review: Key Features in 2024

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Mileva Stankovic
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In this 2024 YouHodler review, I will examine what YouHodler is, its history, the team, the pros and cons of the platform, and more.

By the end of this YouHodler review, you will find out the best and worst features of YouHodler, and whether or not it is a good fit for your needs.

Should you consider YouHodler? Should you create an account today?

Let’s dive in!

DisclaimerThe information provided on this website is for informational purposes only and should not be considered as financial, investment, or legal advice. Cryptocurrency investments are volatile and high-risk in nature. Consult with a qualified financial advisor and/or tax professional before making any investment decisions. We are not responsible for any loss incurred due to the use of information on this website. Do your own research and exercise caution. Don’t invest unless you’re prepared to lose all the money you invest.
 

YouHodler Home Page
YouHodler Review: YouHodler Home Page

Why Trust Us

Trust CryptoManiaks for a dependable review of YouHodler, ensuring an informed understanding of this cryptocurrency lending platform.

Our comprehensive evaluation, rooted in practical experience as active users, provides transparent insights into features, interest rates, security measures, and the user experience. Whether you're a newcomer or an experienced user, rely on CryptoManiaks for an unbiased and user-centric review, empowering you to make confident decisions in your cryptocurrency lending journey with YouHodler.
 

Key Takeaways

 

  • Established in 2018, YouHodler is relatively new, potentially impacting user confidence
  • YouHodler offers robust security with Ledger Vault's $150 million insurance program
  • Standout features like Multi HODL and Turbocharge allow for portfolio diversification and active interest compounding
  • The platform provides attractive interest rates, particularly for stablecoins, enhancing crypto savings
  • Loans are restricted to USD, EUR, GBP, and BTC based on collateral, limiting currency options
  • The platform lacks full transparency about its business model, prompting caution among users

Pros and Cons of YouHodler

I understand you may not have enough time to read my full YouHodler review, so here is an actionable summary to help you.
 

Pros and Cons
Pros Cons
YouHodler put in place many ways to keep your funds safe Founded in 2018, which is quite recent compared to its competitors
YouHodler offers some of the best interest rates for stablecoins Depending on the currencies you use as collateral, you can only receive loans in USD, EUR, GBP, and BTC
You’ll find cool products such as the Multi HODL and the Turbocharge, which you won’t find anywhere else Does not offer native coin/token
You can increase the duration of your loans at any time Has a minimum deposit
The top 20 coins can be used as collateral with 90% loan-to-value Lacks some transparency regarding its business model
Offers simple trading tools  

 

 

Background

  • Year founded: 2018
  • Headquarters: Cyprus and Switzerland
  • Licenses: European Union Financial Commission
  • Currencies available to earn interest: Fiat (USD, EUR, CHF, GBP), crypto (BTC), and stablecoin loans (USDT, USDC, TUSD, PAX, PAXG)
  • Currencies available for borrowing: BTC, BCH, BNB, ETH, LTC, XLM, XRP, DASH, HT, REP, and 15 other popular coins with the list growing.
  • Type of service: Direct lending

 

Reputation and Security - 9/10

YouHodler was founded in 2018 by Ilya Volkov, an active member of the Blockchain Association and the Crypto Valley Association with 15 years in fintech commercial finance and trading.  

YouHodler currently operates throughout Switzerland and the EU. 

Renat Gafarov is YouHodler’s CTO and has four years of experience as a blockchain architect. He is also the creator of blockchain integration back-end solutions. 

Mr. Gafarov’s resume boasts the creation of hundreds of unique smart contracts -- some of which power the DeFi platform of YouHodler.

YouHodler has bank accounts at reputable banks throughout Europe and Switzerland. 

YouHodler also has partnerships with trusted fiat payment providers. 

Partnerships with fiat payment providers show that YouHodler has a background of working with banks and government entities to provide customers with a secure experience.
 

YouHodler License Insurance

YouHodler is an active member of the Blockchain Association of Financial Commission and the Crypto Valley Association. 

Customers are protected by the independent Financial Commission’s efficient dispute resolution process.

The dispute resolution process allows customers to secure a licensed third party to resolve any conflicts which they may feel cannot be resolved by YouHodler.

The dispute resolution process and Youhodler being an active member of the Blockchain Association of Financial Commission gives YouHodler the extra level of legality and legitimacy which brings safety to customers throughout Europe. 

The benefit for EU residents using YouHodler over competitors like Makerdao or Compound is that they have a bit more protection under the law.
 

Insurance

YouHodler is partnered with Ledger Vault to create a pooled customized crime insurance program. 

The crime insurance program insures your crypto-assets for up to $150 million. The amount is backed by Arch UK Lloyds of London syndicate. 

The insurance amount of $150 million covers certain risks.

Covered risks include employee theft caused by collusion and third-party theft of private keys/master seed in the event of a physical breach of hardware security.

In order to reduce these risks, YouHodler also offers a number of other measures to complement their insurance:

  • All cold wallet private keys are isolated, stored, and encrypted within a hardware security module
  • Key usage for signatures is strictly controlled by different managers with different functions. They each hold training in mandatory multi-signature principles
  • YouHodler partnered with Ledger to make sure YouHodler’s keys have a backup recovery mechanism. This ensures the executives at YouHodler can independently recover funds at any time

 

Security Features

YouHodler also follows the practices of the high-end financial services industry by allowing certain users to lock their financial assets. 

If you own over 10,000 USD (or its equivalent in any fiat or cryptocurrency) at YouHodler, then you can request to disable all withdrawal options. 

All other features will still be available but if someone hacks into your account, they will not be able to withdraw.

The only way to withdraw would be to contact YouHodler, verify your identity, and then request to withdraw or enable withdrawal.

Disabling all withdrawal options will eliminate any possibility of suspicious withdrawals since only you will be able to verify your identity through time-stamped pictures and/or video calls. 

For users with less than $10,000 in their balance, they can use 2FA and strong passwords to secure their account -- as is standard among the top DeFi platforms. 

Other DeFi platforms such as Nexo and Compound do not offer such a level of security on their platforms.
 

Complaints Received

YouHodler has very few complaints, and the few that they have are addressed quickly. Typically, they respond to complaints within 24 hours.
 

Prohibited Countries

Before I move forward with the essence of my YouHodler review, make sure you don’t use this platform if you reside in the following countries.
 

USA Iran
Bangladesh North Korea
China Sudan
Iraq Syria
Pakistan Palestinian Territories
Crimea  
Cuba  

Earning Interest With YouHodler

​YouHodler’s savings accounts are good. Here is all the information about earning interest with YouHodler, which has medium to high rates for stablecoins in the DeFi industry.  YouHodler Review: Earn Interest   The Lending Process The lending process on Youhodler is as easy as other top DeFi platforms.

Set up an account with YouHodler. Deposit the stablecoin, fiat, or crypto on which you wish to earn interest. Collect interest on a weekly basis.

Depending on the cryptocurrency used to earn interest, receiving your money back can take from minutes to a few hours. Here are the fees you should consider:
 

Deposit Fees on YouHodler
  Fee (per transfer) Min/Max amount (per transfer)
Bank wire EUR, CHF - 0
USD (SWIFT) - 25 USD
GBP - 20 GBP
Min 300 for GBP
Min 100 for USD/EUR/CHF
Bank card 1% Min 10
Max 500
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
Apple Pay 1% (available only for EUR and USD) Min 10
Max 500
Crypto/
Stablecoins
0 Min 5 USD in crypto equivalent

 

Loans on YouHodler
  Term Min input amount Fee
Classic loan 364 days 100 USD in crypto equivalent Daily Fee - from 0.0178% to 0.0712%
Turbo
charge
From 10 to 65 days 100 USD in crypto equivalent Fee from 0% to 3.2% depending on the Tariff

 

Borrowing Through YouHodler

YouHodler offers a borrowing option that is definitely worth it.

YouHodler's borrowing process takes about 1 hour and is completed in 4 steps. 

YouHodler Loans
YouHodler Review: YouHodler Loans


 

The Borrowing Process

Borrowing is standard among the top DeFi platforms:

  1. Create a user account
  2. Choose the loan amount, interest rate, and terms that suit you
  3. Deposit the amount of collateral required by the terms you selected
  4. Proceed to withdraw your loan and use it as you see fit

Repaying the loan is as simple as other top DeFi platforms offer:

  1. Repay the loan in part or in full
  2. Choose to repay it via deposits or from your collateral
  3. Withdraw the collateral to the address of your choice
  4. Receiving collateral can take a few minutes (for cryptocurrencies) to a few days for fiat

 

Loan eligibility criteria

One of the breakthroughs in DeFi technology has been the ability to secure loans based on collateral governed by smart contracts. 

Eligibility criteria set forth by banks such as credit scores or credit checks are nonfactors. 

All you need is the appropriate amount of collateral to secure a loan.

Keep in mind that the minimum amount you can borrow on YouHodler is $100.
 

Rates

The current rates to borrow are as follows depending on which of these collateral options you deposit:

YouHodler Borrow Rates
YouHodler Review: YouHodler Borrow Rates


 

Terms

There are a few terms and conditions of YouHodler which differ from its competitors. 

  • Close now fee - 1%
  • Reopen - Interest fee + 1% service fee
  • Extend PDL - 1.5% from extended amount
  • Increase LTV - 1.5% from increased amount
  • Loan Duration - 30, 60, or 180 days with the option to renew.

Liquidation will happen to the collateral on your loan when the price of your collateral reaches 2/3 of the Price Down Limit (PDL). 

Before that happens, though, you will be notified by email in advance in case the price of your collateral drops more than 2/3 of the Price Down Limit.

When you’re notified, you can choose to sell or choose to put more collateral into your account. 

If you do not put more collateral in, and the price of your collateral reaches 2/3 of the PDF, YouHodler will liquidate the collateral on the open market to make sure the loan is repaid.

User Experience

When you’re done borrowing or lending your cryptocurrencies, you’ll be pleased to know that withdrawal times are in line with standard times for their respective cryptocurrencies. 

Benefits such as Turbocharge and Multihodl lead the DeFi space in terms of innovation and keeping the customer excited and earning interest or saving money or both. 

Turbocharge is unique among DeFi competitors. If you have time to actively monitor and invest your funds, then Turbocharge will help you compound the interest you earn.

MultiHODL, on the other hand, will help those who might not have all that time but want to diversify their portfolio without tracking multiple coins on multiple platforms.
 

Platform Features and Functionality

mobile app

YouHodler’s platform is very user-friendly.

The brand and website are easy to use and navigate for first-time users and for those who need more information. 

The YouHodler mobile app allows anyone to monitor their loans, interest, Turbocharge status, and all the services from their mobile.

The mobile app is well designed, easy to navigate, and pleasant to use. Plus you can ask for customer service right from the app.
 

Design and Appearance

YouHodler’s website looks more modern than many competitors. The site is clean, making the information clearly visible and easy to find.
 

Registration Process

Registration is simple. Put in your country, email, and password. Then agree to receive platform updates.

YouHodler Sign Up Page
YouHodler Review: YouHodler Sign Up Page

The KYC process at YouHodler is as smooth as most in the industry. All you need to do is upload your ID and go through the verification steps of taking a selfie. 

After doing KYC, the process of starting a loan, earning interest, and withdrawing collateral all adhere to current DeFi industry standards. 

Customer Service

YouHodler’s customer service experience is good.

They offer 24/7 answers and help through their live chat, email, and phone line services. 

You can get answers fastest through live chat, then email, and finally after that phone service.

Responses range from a few minutes for live chat to 24-48 hours through email. 

Overall, I found that YouHodler’s members are keen on keeping their reputation strong as the DeFi space grows. 

This is why they will try to resolve any issues as fast as possible and to your benefit. 
 

Noteworthy Features

YouHolder Offers

YouHodler offers a few unique features that place it above other DeFi platforms which may also offer exceptionally high rates of earning crypto or better loan terms.
  

Feature 1: Turbocharge

YouHodler allows people to clone their collateral through a “cascade of loans” principle.

YouHodler Turbocharge
YouHodler Review: YouHodler Turbocharge

For example:

You take out a loan for $1000 in BTC.

You can then use that $1000 in borrowed BTC as collateral to take out a $600 loan in a different cryptocurrency, such as LINK.

You can then use that $600 of LINK as collateral to take out $300 in DASH. 

You can then use that $300 in DASH as collateral to take out $100 in BAT.

The Cascade of Loans principle described above can also be called a “chain of loans.”

A chain of loans with diverse cryptocurrencies also helps expand a customer's portfolio. 

The purchases of additional loans on the chain are without commission.

The benefit is that your portfolio will be diversified and potentially more profitable.

The danger is that a default on one loan can trigger a default on all the loans. 

You can turbocharge your YouHodler account by using the following cryptocurrencies:

BTC, ETH, PAXG, LINK, HT, BNB, XRP, XLM, LTC, BCH, BSV, DASH, EOS, REP, ETC, BAT, TRX, ADA, XMR, XTZ.

The process is as simple as getting a loan:

  1. Transfer crypto to your YouHodler wallet so that the amount of crypto can be used as collateral for a first loan in the “cascading loan chain.”
  2. Calculate turbocharged amount by using YouHodler to automatically borrow funds from the first loan -- which will buy more crypto and get a second loan. 
  3. Set your Take Profit price where YouHodler Turbocharge will automatically use the collateral to repay the fees of the loans in the chain. You get the rest of the crypto back and benefit from the price's growth.
  4. Repay or close all loans at any time using collateral to repay the loan and take the rest of your crypto ("Close now" option).

 

Feature 2: Multi HODL 

Use Multi Hodl with your crypto-backed loans to help you capitalize on market volatility.

YouHodler Multi HODL
YouHodler Review: YouHodler Multi HODL

Multi HODL as a market strategy was inspired by the concept of a barbell strategy. 

With Multi HODL, a major percentage of your YouHodler account stays in savings earning up to 12% per year. 

A smaller percentage is used to buy more speculative, riskier assets.

If you select your Multi HODL to be 80% in your savings then you can use 20% to purchase riskier cryptocurrency assets on Youhodler and potentially make more money. 

The process is simple:

  1. Deposit a source of funds into your YouHodler wallets or savings accounts
  2. YouHodler guarantees to save the interest for the total amount of your savings in your primary hodl position
  3. Set profit and risk levels. Pick a desired take profit amount and an acceptable level of risk for your Youhodler account
  4. In the case of crypto price growth, the value of your coins will multiply and the profit will go directly to the savings account you have in your YouHodler account. In the case of a decline in prices, you will get your initial deposit back minus the losses that the risky strategy may have cost

More information: 

  • You can get your crypto anytime
  • If the price drops below the loss level you selected then your position will be closed automatically after 10 days
  • You can keep using 20% of your savings for Multi HODL and 80% for low-risk instruments -- or change these up as you see fit and as it works for your risk tolerance levels

YouHodler Review: Final Thoughts

I hope you enjoyed this review of YouHodler. It is a promising platform with strong security measures. It ensures the safety of users' funds. The platform has an insurance coverage of up to $150 million. It adds an extra layer of confidence for investors. Notably, YouHodler stands out with unique features like Multi HODL and Turbocharge.

However, it's important to note that YouHodler is relatively new to the scene. This may be a consideration for users who prefer platforms with longer industry experience. Additionally, there are limitations on the currencies available for borrowing. Loans can only be received in USD, EUR, GBP, and BTC based on the collateral used.

 

Frequently Asked Questions

What is YouHodler and how does it work?

YouHodler is a cutting-edge financial platform that enables users to leverage their cryptocurrency holdings for instant cash loans. By depositing crypto as collateral, users can borrow up to 90% of its value in fiat or stablecoins. This loan can be transferred to their bank account or used for crypto purchases. With competitive rates and flexible repayment, YouHodler empowers users to unlock their crypto's value without selling.

What are the main features of YouHodler?

YouHodler offers innovative features, including "crypto-backed loans," allowing users to borrow fiat using crypto collateral. With high loan-to-value ratios, users can borrow up to 90%. YouHodler also provides "crypto savings accounts" for earning interest on stored digital assets. These features make it a comprehensive platform for accessing liquidity and earning passive income on crypto holdings.

Are there any fees associated with using YouHodler?

Yes, YouHodler charges minimal and transparent fees. A small percentage fee is applied to each transaction to cover operational costs. Additionally, withdrawal fees may apply based on the specific cryptocurrency. Despite fees, YouHodler remains competitive, ensuring a quality service for users seeking to access loans and manage their crypto holdings.

What are the available cryptocurrency options on YouHodler?

YouHodler supports major cryptocurrencies such as Bitcoin, Ethereum, Ripple, Litecoin, and Bitcoin Cash. The platform also includes popular altcoins like Cardano, Stellar, EOS, and Tron. This diverse range of options allows users to build a well-rounded crypto portfolio and explore various investment opportunities on the platform.

Can I earn interest on my crypto holdings with YouHodler?

Absolutely! YouHodler provides a unique feature allowing users to earn interest on their crypto holdings. Through their lending platform, users' crypto is lent to verified borrowers, generating interest income. YouHodler ensures borrower vetting and collateralization for security. 

What trading features does YouHodler offer?

YouHodler has over 60 trading pairs with a mix of fiat, crypto, and stablecoins. You'll also see options like EURS/USDT and TGBP/USDT. Trading fees are low, so you'll enjoy trading on this platform.

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We are CryptoManiaks.  Collectively, we have over 25 years of experience in the crypto world and are all passionate about guiding people through the complex world of crypto investing.

Written by

When Mileva invested in Bitcoin at the end of 2017, she never believed she’d end up becoming so focused on fintech. Still, cryptocurrencies have become her passion and she decided to take it up a notch. She navigates the realms of gambling, fintech, and the written word with ease and loves every minute of it. When she’s not working, she spends her time on CryptoPanic, planning her next move, cooking, baking, or working in her garden. She also plays Texas Hold 'em with a passion. 

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