No Regulation

Score

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/10

YOUHODLER

Cyprus

|

5-10 years

Suspicious Regulatory License|

Medium potential risk|

https://www.youhodler.com/

Website

Rating Index
Influence

Influence

AA

Influence Index NO.1

United Kingdom 7.80

Better than 98.16% exchange(s)

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Influence
AA

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No effective regulatory information has been founded yet, please pay attention to the risks!

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Company Name
YOUHODLER
Phone of the company
--
Customer Service Email Address
--

WikiBit Risk Alerts

1
Previous Detection 2024-02-25

It has been verified that this Exchange currently has no valid regulation, please be aware of the risk!

Website

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Time Machine

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1 ratings

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Scarletc
YouHodler is a cryptocurrency exchange and lender that pays good interest rates on crypto deposits.
2023-12-06 19:23
9
0

YOUHODLER · Company Summary

Aspect Information
Company Name YouHodler
Registered Country/Area Crprus
Founded year 2017
Regulatory Authority Unregulated
Numbers of Cryptocurrencies Available Over 100
Fees Min deposit amount of 100 units of fiat currency
Customer Support 24/7 live chat, email, Twitter, Instagram, Discord, Facebook, Linkedin, YouTube

Overview of YouHodler

YouHodler is a virtual currency exchange platform based in Cyprus. It was established in 2017. With over 100 cryptocurrencies available for trading, it offers users a diverse range of options. The platform's fees vary depending on the transaction type and volume, ensuring flexibility for users. YouHodler accepts various payment methods, including credit/debit cards, bank transfers, and cryptocurrencies, facilitating easy and convenient transactions. Furthermore, the platform provides customer support through 24/7 live chat and social media, ensuring users have access to assistance whenever they need it.

YouHodler's homepage

Pros and Cons

Pros Cons
Diverse range of over 100 cryptocurrencies available Uregulated
Accepts credit/debit cards, bank transfers, and cryptocurrencies as payment methods
24/7 live chat, email, and social media available
Pros:
  • Diverse range of assets: With over 100 cryptocurrencies available, users have a wide range of investment options and flexibility.

  • Different payment methods: Accepting credit/debit cards, bank transfers, and cryptocurrencies caters to a variety of user preferences and funding strategies.

  • 24/7 customer support: Live chat, email, and social media channels provide users with readily available assistance if needed.

Cons:
  • Unregulated: Being unregulated could raise concerns about the platform's security and user protection compared to licensed exchanges.

Security

YouHodler prioritizes the security of its users and implements various protection measures to safeguard their funds and information. The platform uses advanced encryption technologies to ensure the confidentiality and integrity of user data. Additionally, YouHodler employs multi-factor authentication, which adds an extra layer of security to user accounts.

To protect against unauthorized access and potential security breaches, YouHodlerstores the majority of user funds in offline cold storage wallets. This offline storage solution helps minimize the risk of hacking and unauthorized access to user funds. The platform also conducts regular security audits and assessments to identify and address any vulnerabilities in its systems.

Furthermore, YouHodler has implemented strict internal policies and procedures to prevent money laundering and fraudulent activities. The platform complies with applicable anti-money laundering (AML) and Know Your Customer (KYC) regulations, requiring users to undergo identity verification procedures before they can engage in trading activities.

While YouHodler prioritizes security, it is important for users to also take proactive measures to protect their accounts. This includes using strong, unique passwords, enabling two-factor authentication, and regularly updating their security software. By implementing these measures, users can enhance the overall security of their accounts and minimize the risk of unauthorized access or loss of funds.

Trading Market

YouHodler offers a diverse range of over 100 cryptocurrencies for trading on its platform. This includes popular cryptocurrencies such as Bitcoin, Ethereum, Ripple, and Litecoin, as well as a variety of altcoins and tokens. The platform provides users with the opportunity to trade these cryptocurrencies against various fiat currencies and other cryptocurrencies.

cryptocurrencies

Services (YouHodler App)

YouHodler offers a dedicated application called the YouHodler Crypto Wallet App. This app offers a range of features designed to enhance your interaction with cryptocurrencies.

  • Crypto Wallets: YouHodler provides wallets for various cryptocurrencies including Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), and many others. It's possible to securely store, transfer, and manage these cryptocurrencies from within the app.

  • Crypto Loans: YouHodler offers cryptocurrency-backed loans. This feature allows you to borrow money using your cryptocurrency holdings as collateral.

  • Crypto Earnings: YouHodler provides an option for users to earn interest on their crypto holdings. By depositing specific cryptocurrencies into a YouHodler wallet, users can earn passive income over time.

  • Turbocharge and Multi HODL: These are investment tools provided by YouHodler that are designed to maximize the profitability of certain market movements. They work by using borrowed money to purchase more cryptocurrencies.

  • Currency Exchange: YouHodler offers a built-in cryptocurrency exchange within the app, which allows users to convert between different cryptocurrencies easily and quickly.

YouHodler App

How to Buy Cryptos?

YouHodler offers several convenient options to purchase cryptocurrencies using various payment methods:

  • Bank Wire: This cost-effective method allows you to transfer funds directly to your YouHodler wallet and convert them into cryptocurrencies at one of the market's lowest fees.

  • Bank Card: YouHodler supports direct deposits in EUR or USD from your bank card for purchasing cryptocurrencies within the platform.

  • Apple Pay: If you are an Apple user, you can use Apple Pay to top-up your YouHodler account and buy cryptocurrencies.

  • AdvCash: With almost instant deposits via the AdvCash service, buying cryptocurrencies within the platform becomes swift and easy.

  • Changelly: The Changelly widget incorporated in our platform allows you to buy cryptocurrencies with your bank card.

  • How to Buy Cryptos?

    Attention:

    • To make a deposit, your account must be verified.

    • The bank card option is only available in the EU (SEPA zone) and Switzerland, and currently, only Visa cards are accepted.

    • To use the bank wire option, you need to verify your address.

    • The Apple Pay option is only accessible in the EU (SEPA zone).

    • AdvCash requires an independent identity verification procedure, which may take from a few minutes to a few hours.

    Fees

    Type Fee Notes
    Deposit SEPA Transfers: Free Minimum deposit amount through banks is 100, whether it is USD, EUR, CHF or GBP.
    USD Transfers (SWIFT): 25 USD
    GBP Transfers: 20 GBP
    AdvCash Wallets: 1%
    Bank Cards: 4.5%
    Conversion Varies depending on the selected pair Some pairs are totally free to convert, while you might have to pay anywhere between $1 to 5% for other conversions on the platform.
    Fiat Withdrawal USD (SWIFT): 1.5% (Min Amount: 70 USD) Direct bank wire transfers also come with different minimum withdrawal amounts. The minimum withdrawal amount for USD/EUR SWIFT and GBP is 500, for SEPA it is 50 EUR and for CHF it is 50.
    EUR (SWIFT): 55 EUR
    EUR (SEPA): 5 EUR
    GBP: 0.15% (Min Amount: 55 GBP)
    CHF: 0.15% (Min Amount: 15 CHF)
    Crypto Withdrawal Varies depending on the crypto asset Access the crypto withdrawal page through your account to learn how much you have to pay to withdraw crypto assets on the platform.

    The crypto withdrawal fee on YouHodler varies depending on the crypto asset. Access the crypto withdrawal page through your account to learn how much you have to pay to withdraw crypto assets on the platform.

    It is important to note that these are just some of the fees that YouHodler charges. There may be other fees that apply, depending on the specific transaction. You should always read the terms and conditions carefully before using the platform.

    Is YouHodler a Good Exchange for You?

    YouHodler is the best exchange for users looking for a comprehensive cryptocurrency platform that offers a range of financial services, including crypto wallets, crypto loans, interest-earning accounts, investment tools, and a built-in cryptocurrency exchange, all accessible through a dedicated mobile app.

    Based on its features and offerings, YouHodler may be suitable for the following trading groups:

    1. Beginner Traders: YouHodler's diverse range of over 100 cryptocurrencies and user-friendly interface make it an attractive option for beginners. The platform's educational resources and tools, such as informative articles and tutorials, can help guide new traders in understanding the basics of virtual currency trading. Additionally, the availability of various payment methods, including credit/debit cards and bank transfers, makes it easy for beginners to fund their accounts and start trading.

    2. Experienced Traders: Experienced traders who are looking for a platform with a wide selection of cryptocurrencies may find YOUHOLDER appealing. The platform offers over 100 cryptocurrencies, including popular ones like Bitcoin and Ethereum, as well as a range of altcoins and tokens. The availability of real-time price charts and market indicators can assist experienced traders in conducting technical analysis and making informed trading decisions.

    3. Security-Conscious Traders: Traders who prioritize security and value regulatory compliance may be drawn to YouHodler. The implementation of advanced encryption technologies, multi-factor authentication, and offline cold storage wallets adds an extra layer of security to user accounts and funds.

    Conclusion

    In conclusion, YouHodler offers a range of advantages for traders, including a diverse selection of over 100 cryptocurrencies, multiple payment methods, and 24/7 customer support. However, fees on YouHodler vary depending on transaction type and volume, and there is limited information available regarding certain aspects of the exchange. Traders should weigh these factors and consider their own trading goals and preferences when choosing a virtual currency exchange.

    Frequently Asked Questions (FAQs)

    Q: What cryptocurrencies are available for trading on YouHodler?

    A: YouHodler offers a wide selection of over 100 cryptocurrencies, including popular ones like Bitcoin, Ethereum, Ripple, and Litecoin, as well as a variety of altcoins and tokens.

    Q: Does YouHodler provide educational resources for traders?

    A: Yes.

    Q: What security measures does YouHodler have in place?

    A: YouHodler prioritizes user security and implements measures such as advanced encryption technologies, multi-factor authentication, and offline cold storage wallets to protect user accounts and funds.

    User Review

    User 1: I've been using YouHodler for a while now and I have to say, their security measures are top-notch. I feel confident knowing that my funds and information are well-protected with their advanced encryption technologies and offline cold storage wallets. The interface is user-friendly and makes trading a breeze. I also appreciate their wide selection of cryptocurrencies and the availability of real-time price charts. However, I wish the trading fees were a bit more competitive. Overall, YouHodler is a reliable exchange with great customer support.

    User 2: YouHodler has been a game-changer for me. I love how they prioritize regulatory compliance, giving me peace of mind that I'm trading in a secure and transparent environment. Their customer support team is responsive and has always been helpful whenever I had any questions or issues. The liquidity on the platform is impressive, allowing for smooth and efficient trading. I also appreciate the privacy and data protection measures they have in place. However, I've noticed that the deposit and withdrawal speeds can sometimes be a bit slow. Despite this, I highly recommend YouHodler for its stability and wide range of cryptocurrencies.

    Risk Warning

    Cryptocurrency exchange investments come with inherent security risks. It is important to be aware of these risks before engaging in such investments. Cryptocurrency exchanges are susceptible to hacking, fraud, and technical glitches, which can result in the loss of funds. It is recommended to choose reputable and regulated exchanges, stay updated on security measures, and be vigilant in detecting and reporting any suspicious activities. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.