You would probably have heard of the term HODL. You would have thought that it was a spelling error, or was it? What is HODL-ing? Why has it become so popular in the world of cryptocurrency?
The term HODL originated from a forum post in 2013 written by Gamekyuubi. This user, clearly intoxicated, titled his post “I AM HODLING.” He meant to title his piece “I am holding,” and this was far from the only spelling error in his post. Although just a spelling error at the time, HODL has become an ideology for many crypto investors. In the post, the author rambled about how you can’t lose your cryptocurrency to the market if you don’t trade it. At the time, Bitcoin traded for only $100. Investors who took this advice in 2013 bought Bitcoin in the 3-digit range and have HODLed their bitcoin ever since. Each bitcoin these HODLers own is now worth over $44,000.
Introducing Youhodler, a Swiss-based company that started out as a one-dimensional lending platform. In over two years, YouHodler has evolved into a full-fledged ecosystem with an extensive set of crypto-fiat financial services. In its essence, the platform intends to help investors take advantage of cryptocurrencies, without having to actively trade them.
So, if you are a digital currency evangelist who wants to ‘HODL’ – while at the same time earn a return on your investment, then YouHodler might just be what you are looking for.
At a glance, Youhodler offers the following services
- Integration with a growing list of cryptocurrencies and stablecoins
- Support for cryptocurrency conversions with fiat
- Availability of multiple fiat payment methods
- Exchange fiat for cryptocurrency
- Option to receive loans with cryptocurrency as collateral
- High-yielding cryptocurrency savings account
In this article today, let's take a look at the high-yield savings account offered by this platform.
YouHodler savings accounts are an easy and risk-free way to earn cashflow on your idle cryptocurrency assets.
Minimum deposits starting from $100, depending on the cryptocurrency you choose.
To open a savings account, simply register for an account here, and deposit the cryptocurrency of your choice to earn interest rates of up to 12%. Crypto interest earnings are deposited directly into your wallet every week.
Interest rates are shown below
In comparison with other similar platforms, Youhodler offers one of the most competitive rates around
Steps to open a savings account
Sign up for an account with youhodler
Open the “Savings” section of your YouHodler account
Choose your preferred cryptocurrency and press “Add Funds.” Depending on the cryptocurrency, here you can see the savings terms – including the interest rate, annual earnings, and more.
When the funds are added, you will start receiving weekly settlements
Click on the “Earned” page of the savings account to check your earnings.
Things to bear in mind
- If you release funds before the end of the weekly period, you will not receive interest earned during the uncompleted week.
- If additional crypto is deposited within the weekly period, the crypto interest from this deposit will be applied to the next week.
- After each week is over, crypto interest will be deposited into your Account. Users are free to keep it there to accumulate even more profit
What are you waiting for? Start earning interest rates on your cryptocurrency assets by signing up here!
Happy HODL-ing!
Check out other reliable and safe ways to earn and grow your cryptocurrency.
https://www.publish0x.com/smart-investing/introducing-pool-by-cakedefi-xmkrdzn
https://www.publish0x.com/smart-investing/how-to-earn-with-binance-xnqyxdx
https://www.publish0x.com/smart-investing/mine-ethereum-xgpqdkg
