What is YouHodler?

As for all crypto lending platforms, YouHodler is a financial platform that allows investors to invest cryptocurrencies, in exchange for payments of interests over time. Those interests are then coming from people that borrow cryptocurrencies on the platform, which is also a service they offer. YouHodler is an already established platform, as it was founded in 2018. They are based in Lausanne, Switzerland.

What I really like about crypto lending compared to 'traditional' Peer-to-Peer lending is that here, all loans made through the platform are backed by a collateral in the form of a cryptocurrency deposit.

Whereas on a 'traditional' P2P lending platform you can never be sure that the borrower will pay you back, here if the person doesn't pay back the collateral will simply be taken by the platform automatically. This means that as an investor you don't have to worry at all about losses or defaults because of borrowers - you will always get the returns that are indicated by the platform.

What returns can I expect from investing on YouHodler?

The returns you can expect on YouHodler depends on which assets you invest in, that are displayed on the main page of the platform: 

Currently, with the assets listed on the platform you can get up to 12.3% annual interests, mostly in fiat currencies or stable coins like Tether or USD Coin. This is definitely similar to many classical Peer-to-Peer lending platforms, again here without the risk that someone won't pay back their loans. 

Note that they also have other services that are closer to cryptocurrency trading, so I won't talk them in this review as I want to focus on their crypto lending service.

Is it safe to invest on YouHodler?

The question of the safety of the investors funds is central when investing on a crypto lending platform, as they will be managing all the money that you deposit on the platform. When reviewing a new platform before adding it to my portfolio, I look at two things: what the platforms offers in terms of money safety, and the company itself (and their team).

Risks & guarantees on YouHodler

On YouHodler, all the assets are managed by Ledger Vault, which is a very well known company in the field. They provide security for the crypto assets managed by the platform, with a multi-authorization custody management. They also provide a $150 million insurance.

They are also partner with several banks in Europe and Switzerland for all the handling of fiat currencies.

The company & the team

As I mentioned earlier, the company is operating from Switzerland, with a company registered in Cyprus. As for all platforms I add to my portfolio I checked if the company was officially registered in Cyprus, and it is indeed.

Before investing on a new platform, I like to check in details the profile of the management team of the company, and I found that it was really easy to find information about the key people of the team:

I found that all of them have great track records in their respective fields, with their CEO for example having over 15 years of experience in FinTech. I also reached out to them to do an interview to talk more about the platform, which I will share in this article once it is done.

Getting started with YouHodler

It is actually really easy to get started with YouHodler and have your money start generating income on the platform.

The first step is to open an account and get verified. This was done really quickly, and including the ID verification part it was all done in under 5 minutes.

Next, you will have to deposit funds in your account to start investing and generate interests. This is also really easy to do with YouHodler.

Being a crypto lending platform, depositing funds of course completely depends on which asset you want to add on the platform. For example, if you want to deposit cryptocurrencies you will get a QR code that you can use with any crypto wallet or exchange. I for example tried to send money from my Binance account, and it was there within 30 minutes.

You can also of course also deposit fiat currencies from a bank account, with no fees at all on EUR or CHF deposits. I tried that as well by doing a bank transfer from my bank account, and the money was there within a day.

Once you have funds on your account, they will actually automatically start generating interests if they are in the list I showed earlier in the article, for example USDT.

Note that as it is a crypto lending platform, you can withdraw your money at any time, without having to wait for some loans to be repaid.

I also tried to withdraw money (in Euros), and the money was back on my account in just 1 day.

Note that they also have a mobile app that is really easy to use and makes it possible to follow your investments on the go.

My Results so far with YouHodler

I deposited money on YouHodler in 2021, and it invested it in USDT as it was the highest return available. I got exactly the promised interests, and no issues with the platform at all. It is of course too early to talk about long-term yields on the platform, but I can say that so far everything went smoothly and I will definitely invest more on the platform in the future.