Withdrawing funds at YouHodler has always been easy thanks to our EU and Swiss bank accounts as well as our integration of Tether (USDT) on the platform. But for those who prefer fiat, we have some good news for you. Users can now withdraw funds from YouHodler directly to their credit/debit card within minutes. This new addition is the first of many to come this month that will create a more streamlined and efficient advantage to our platform.
HOW TO WITHDRAW USD AND EUR TO YOUR CREDIT CARD
Once you submit your loan request and receive the funds in your individual wallet, navigate to the “Borrowed Funds” section. Once here, click on the “Withdrawal” button to see several options. You’ll notice a new addition to this list called “credit card (beta).” Simply click on this button, add the amount you want to withdraw and then enter your card information in the fields provided.
Note: Withdrawals can only be done with credit/debit Visa and MasterCard cards.
RECEIVE A LOAN TO YOUR CREDIT CARD IN MINUTES
As opposed to receiving a loan through the slow and tedious traditional banking system, YouHodler allows users to withdraw their loans nearly instantly. With our new feature, you can expect to see the funds on your card within 5-7 minutes. As for the commission, YouHodler charges 5% and all users must withdraw a minimum of at least 10 USD / 10 EUR. Please see a full table of credit card withdrawal limits and commissions here.
After withdrawing your funds, your transaction will appear on the “Transaction History” page in your YouHodler account.
YOUHODLER CONTINUES TO EXPAND OUR GLOBAL REACH
As we’ve expressed before, YouHodler is working hard to expand our reach as far across the globe as possible. Yet, due to the restrictions of certain countries and credit card issuers, there are a few countries we can not offer this new feature to. To see a full list of countries we support, visit this link.
Ideally, as our global demand grows and crypto regulation continues in this positive trajectory, are limitations for what we can do will disappear completely. Until then, we thank you for your patience as we all explore this new industry together.
Thanks for reading this latest update and stay tuned as we have more good news coming soon!
YouHodler is a Blockchain-based Financial Ecosystem focused on cryptocurrency-backed lending with fiat loans. YouHodler lending platform provides USD and/or EUR loans, secured by collateral in BTC, ETH, XRP, and other popular cryptocurrencies.