YouHodler Review 2024

Our veredict

YouHodler is a versatile crypto platform that caters to those interested in earning passive income from their crypto assets and leveraging their holdings for loans. Its standout features include the ability to earn interest rates up to 12% APR on stored assets, advanced tools like Multi HODL and Turbocharge for maximizing returns through strategic borrowing and reinvesting, and the acceptance of NFTs as collateral. These features make it an appealing choice for both conservative investors seeking steady returns and more aggressive users looking to capitalize on market volatility (Latest crypto prices by market cap.

However, YouHodler does have some drawbacks. The platform’s fee structure, including a 5% fee for bank wire withdrawals and various fees for loan operations, can be relatively high. Additionally, while its security measures are robust, including Ledger Vault technology and partnerships with reputable banks, the platform has experienced at least one data breach in the past. Despite these issues, YouHodler remains a solid choice for users who are well-versed in navigating the complexities of crypto investments and are looking for diverse ways to enhance their portfolio returns.

Pros

High-Yield Savings Accounts: YouHodler offers savings accounts with interest rates up to 11.28% APY for cryptocurrencies, providing a lucrative way to earn passive income on your digital assets.
No Hidden Fees: YouHodler is transparent with its fee structure, with no hidden fees for withdrawals or transactions, making it a straightforward platform for users.
Instant Crypto Loans: The platform allows users to obtain instant loans using their cryptocurrency as collateral, providing quick access to cash without the need to sell their holdings.

Cons

3,5

Threenvest Score

Fees

0.20% per transaction

U.S Legal

Yes

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At Threenvest, we are unwaveringly committed to providing you with unbiased ratings and information. Our editorial team operates independently, free from any advertising influence. We use meticulous, data-driven methodologies to evaluate financial products and companies, ensuring that all assessments are conducted on a level playing field.

To better understand our editorial guidelines and the investment methodology that supports our ratings, you can explore the information in our editorial policy.

Why choose YouHodler?

Choosing YouHodler as your crypto platform brings several compelling benefits. Firstly, YouHodler offers high-interest rates on deposits, allowing users to earn up to 12% APR on their crypto holdings. This feature is particularly advantageous for those looking to grow their assets passively without engaging in active trading. Additionally, the platform’s advanced tools like Multi HODL and Turbocharge enable users to maximize their returns by leveraging their assets in a strategic manner, making it suitable for both novice and experienced investors.

Another key advantage of YouHodler is its robust security infrastructure. The platform employs top-notch security measures, including Ledger Vault technology, which ensures the safety of users’ funds with a $150 million pooled crime insurance. Furthermore, YouHodler’s compliance with KYC and AML regulations, along with its partnerships with reputable European banks, underscores its commitment to providing a secure and trustworthy environment for crypto transactions.

Lastly, YouHodler stands out for its user-friendly interface and excellent customer support. The platform provides various resources such as tutorials, a responsive chatbot, and detailed FAQs to help users navigate its services easily. Additionally, the ability to use NFTs as collateral for loans and the straightforward process of earning interest make YouHodler a versatile choice for those looking to diversify their investment strategies and take advantage of the growing crypto market.

Xavier Tarrasó

EIP and Cryptocurrency Investor

As a seasoned crypto analyst, I highly recommend YouHodler for both beginners and experienced investors looking to diversify their crypto portfolios. The platform’s high-interest rates on deposits and innovative features like Multi HODL and Turbocharge offer significant opportunities for maximizing returns. Moreover, its robust security measures, including Ledger Vault technology and compliance with KYC/AML regulations, ensure your assets are well-protected. YouHodler’s user-friendly interface and excellent customer support further enhance the overall experience, making it a reliable choice for managing and growing your crypto assets.

How do we review crypto exchanges?

At Threenvest, we conduct a thorough review process to evaluate and rank the world’s leading crypto exchanges. Our goal is to offer an unbiased assessment, providing you with the information you need to make informed decisions on which ones best suit your needs. We strictly adhere to the guidelines of our editorial policy.

We collect data directly from exchanges through detailed questionnaires and conduct first-hand testing and observations during crypto exchange demonstrations. Questionnaire responses, combined with demonstrations and hands-on research from our experts, feed into our proprietary evaluation process that scores each provider’s performance on more than 15 factors. The end result produces star ratings ranging from poor (one star) to excellent (five stars).

For more details on the categories considered when rating brokers and our process, read our full methodology.

Risk Disclaimer

Investing in cryptocurrencies is very risky, you should only invest the money you are willing to lose. Also you should not expect to be protected if something goes wrong.

Neither Threenvest, nor the author, are recommending you to invest with this article.

Alejandro Borja Fuentes

Economist | Cryptocurrency exchange analyst

The author of the review

Alejandro Borja is an accomplished economist with a distinguished career spanning various facets of the financial industry. His academic journey began with a degree in Economics, laying the foundation for his deep understanding of financial markets.

Over the years, Alejandro has honed his skills by working with some of the largest financial media outlets, analyzing and reporting on economic trends and investment opportunities. His expertise in financial analysis has made him a respected voice in the economic community.