General terms

Coins - are all cryptocurrencies and stablecoins inside the YouHodler platform.

Crypto Collateral - is any of the supported coins/tokens by YouHolder which can be used as collateral for a crypto-backed loan.

Crypto-backed loan - is a loan secured by cryptocurrency used as the collateral (aka secure deposit).

Cryptocurrency - is a digital asset designed to work as a medium of exchange that uses strong cryptography to secure financial transactions, control the creation of additional units, and verify the transfer of assets.

FIAT - is regular money such as USD or EUR.

HDP (Help Desk Portal) - is detailed instructions on functions and other issues related to the work principles of the platform.

HODL - is a slang term in the cryptocurrency community for holding the cryptocurrency rather than selling it.

Stablecoins - are cryptocurrencies designed to minimize the volatility of the price of the stablecoin, relative to some "stable" asset or basket of assets. A stablecoin can be pegged to a cryptocurrency, fiat money, or to exchange-traded commodities (such as precious metals or industrial metals).

Tokens - a blockchain account can provide functions other than making payments, for example in decentralized applications or smart contracts. In this case, the units or coins are sometimes referred to as crypto tokens (or cryptotokens).

YouHodler - is the platform and mobile wallet app focused on crypto-backed lending with fiat (USD and EUR), crypto (BTC) and stablecoin loans (USDT, USDC, TUSD, PAX), crypto/fiat and crypto/crypto conversions, as well as high-yield saving accounts. 

Legal & Security

AML/KYC Policy - is the guidelines aimed to prevent YouHodler company from being used, intentionally or unintentionally, by criminal elements for money laundering activities, as well as managing the company's risks.

Blockchain Association - is the independent, self-regulatory organization (SRO) and external dispute resolution (EDR) provider ensures all YouHodler customers have an outlet for dispute resolution outside of the YouHodler platform. 

Certificate of Incorporation - is a legal document (license) for the creation of a corporation issued by an authorized state organization.

Crypto Valley Association - is an independent, government-supported association established to take full advantage of Switzerland’s strengths to build the world’s leading blockchain and cryptographic technologies ecosystem.

Cryptocurrency Security Standard (CCSS) - is a set of requirements for all information systems that make use of cryptocurrencies, including exchanges, web applications, and cryptocurrency storage solutions.

Identity verification (KYC procedure) - is the process of verifying the customer's identity by uploading scans of documents into the YouHodler platform.

KYC - Know-Your-Customer is the process of verifying the identity of the client and assessing their suitability, along with the potential risks of illegal intentions.

PCI Security Standards - is an information security standard for organizations that handle branded credit and debit cards.

Terms and conditions - is the legal agreement between a service provider (YouHodler company) and a person who wants to use its services (client). The client must agree to abide by the terms of service in order to use the offered service.

Verification - is a procedure that is used for checking that a client’s personal information meets the platform requirements and specifications and that it fulfills its intended purpose.

Crypto operations

Borrowed amount - is the amount of money the user receives in his/her wallet by taking a crypto-backed loan.

Chain of Loans (Cascade of crypto-backed loans) - is the automatic cryptocurrency purchase process using the platform’s borrowed funds, consisting of a chain from 3 to 10 credits, depending on the chosen loan plan.

Close now - is the process of closing a loan by paying the loan interest and the principal from the crypto collateral.

Extend price down limit - is the process of adding more crypto collateral to the loan in case the client wants to extend PDL.

Increase LTV - is the process of getting more cash for one loan while keeping the same amount of crypto collateral

Initial price – is the price of the crypto collateral at the beginning of crypto-backed loan or Turbocharge (Turbo HODL™)

Interest fee (in future: monthly interest) - is the Interest accrued by YouHodler for taking a crypto-backed loan.

Loan Plan - is a loan tariff, which includes loan conditions such as Loan-To-Value ratio (LTV), loan duration, interest, and Price Down Limit (PDL).

Loan prolongation - is the process of charging additional fees in case the loan wasn’t repaid in time.

Loan term - is the period during which the client needs to repay the loan to get back his or her crypto used as collateral for a crypto-backed loan. 

Loan settlement period (will replace loan term soon) - is a settlement period of 1 month means the client needs to pay the interest due at the end of this time to continue the loan.

LTV - Loan-To-Value ratio. The amount of fiat funds that the client can receive in exchange for his or her cryptocurrency used as collateral for a crypto-backed loan. This is typically represented in percentages. E.g. 80% LTV means client borrow 80% of the crypto collateral’s value.

Multi HODL™ - is a tool to multiply the customer's crypto assets using a small part of his YouHodler savings account or wallet balance. Customers can keep the majority of their funds in safe, stable and profitable savings accounts while using some amount to engage in risky trading activities with the potential for high profit.

PDL - Price Down Limit. For users, this means, when the price drops below the “price down limit” (PDL) level, YouHodler has the right to sell their collateral and close the deal. Typically represented as two values: the price of crypto and the change in % from initial crypto collateral price, e.g. 8989 USD –15%.

Principal - is the body of loan, typically equal to the borrowed amount. An amount of money that is to be paid together with the loan interest to fully repay and close the loan.

Take profit - is the price of the crypto collateral where a crypto-backed loan or Turbocharge (Turbo HODL™) will be closed automatically by using collateral funds to repay the loan interest and principal.

Turbocharge (will be Turbo HODL™ soon) - is a cascade of crypto-backed loans aimed to multiply customer’s crypto assets. When a client takes a loan, the platform uses borrowed funds to enlarge a crypto portfolio (buy more crypto with the borrowed funds) via a chain of loans. Once the loan is repaid, the client receives his or her collateral back - both the initial crypto and the one that was bought for the borrowed funds.

Crypto Savings

Add Funds (for a savings account) - is a YouHodler savings account (wallet) function that allows to add crypto or stablecoins funds to the client’s savings accounts.

Crypto Savings Account - is a savings account (wallet) for storing and earning interest on cryptocurrency or stablecoins.

Release (for a savings account) - is a YouHodler savings account (wallet) function that allows users to withdraw crypto or stablecoins funds to internal client’s accounts.

Account/Wallet

Converter - is the widget inside the platform, which correlates the market price and converts fiat, cryptocurrencies, and coins to each other.

Deposit (for fiat/stablecoin wallets) - is a wallet function within the platform that allows receiving (depositing) fiat or stablecoins to the client’s wallet.

Rates - are the exchange rates between different fiat, cryptocurrencies, and stablecoins. We are using combined rates from different cryptocurrency exchanges to offer our clients the best rates on the market.

Receive (for crypto wallets) - is a wallet function within the platform that allows receiving (depositing) cryptocurrency to the client’s wallet.

Send (for crypto wallets) - is a wallet function within the platform that allows sending cryptocurrency to other wallets.

Transaction History - is an information field inside the client’s account within the platform, which displays all transactions, deposits, withdrawals and other movements of the client’s funds on his or her internal accounts.

Wallets / Secured Crypto Wallet - is a software program that stores private and public keys and interacts with various blockchain to enable clients to send and receive digital currency and monitor their balance within the platform.

Withdrawal (for fiat/stablecoin wallets) - is a wallet function within the platform that allows sending (withdrawal) a fiat to the client’s bank account and credit/debit card or stablecoins to other stablecoin wallets.

Affiliate program

YouHodler Affiliate Program - is the affiliate program that allows clients to earn money in another way besides using regular products within YouHodler platform.

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