The YouHodler platform is a multi-faceted crypto banking tool. It allows one to borrow fiat funds instantly, based on the current value of one’s cryptocurrency asset holdings as well as lets users convert crypto to crypto, crypto to fiat, crypto to stablecoin, buy crypto with fiat and withdraw fiat to approved debit/credit card. 

To request a crypto backed loan:

  • A user requests a loan, using his/her crypto asset as collateral.
  • In return, the user instantly receives an agreed loan amount in fiat (USD, EUR and USDT).
  • After repaying the loan, the user gets his/her collateral back, even if it has increased in value.

To buy crypto with fiat:

  • If the user does not have any crypto but wants to obtain some on YouHodler, it's easy using the platform's conversion tool.
  • The user deposits EUR or USD to the appropriate wallet on the platform.
  • User clicks his/her fiat wallet and chooses the "convert" option. 
  • User then picks which crypto to convert to (e.g. BTC)
  • After converting, the user will see the newly acquired crypto in the appropriate crypto wallet. 

To convert crypto and fiat funds:

  • To convert crypto-to-fiat, crypto-to-crypto and fiat-to-fiat, the user can go to the Wallets page. There, the user will see a list of wallets. If there is any balance on the wallet, the user will see a Convert option available. 
  • By clicking on the Convert button, the user will be brought to the Conversion form. The same form can be used for any type of conversion. 
  • On the left side, the user chooses an amount he/she wants to spend. On the right side, the user can see the amount he/she will receive as a result of conversion.

To withdraw fiat funds to credit/debit card: 

  • Immediately after taking a loan or converting crypto to fiat, the user will see his/her fiat funds appear on the Wallets page in the FIAT & STABLECOINS section.
  • By clicking on Withdrawal button, the user will see several options for his/her convenience. 

Simply put, YouHodler let's users to keep their cryptocurrency and get cash to spend on necessary purchases simultaneously. In addition, the platform has a wealth of other features that make HODLing, hedging, leveraging and trading cryptocurrency that much easier. 

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