Welcome, in this article we will review the YouHodler MultiHODL feature. How can you profit from trading the MultiHODL in 2021? YouHodler is a cryptocurrency platform for lending and borrowing. However, they also offer some extra features, such as MultiHODL where you can trade with leverage. If you are interested in trading with leverage, you […] The post How to use YouHodler MultiHODL? Trading Review 2021 appeared first on Cryptocointrade.

How to use YouHodler MultiHODL? Trading Review 2021

Welcome, in this article we will review the YouHodler MultiHODL feature. How can you profit from trading the MultiHODL in 2021?

YouHodler is a cryptocurrency platform for lending and borrowing. However, they also offer some extra features, such as MultiHODL where you can trade with leverage.

If you are interested in trading with leverage, you can also check our article about crypto margin trading.

 

What is YouHodler?

YouHodler is a cryptocurrency platform which allows you to take out loans using crypto as collateral or earn interest on your crypto holdings. Also, they have some additional features, such as MultiHODL.

  • Crypto
  • APY
  • 12.3%
  • 4.8%
  • 5.5%
Go to YouHodler

What is YouHodler MultiHODL?

YouHodler MultiHODL is a feature where you can multiply your crypto assets. You can do this by just using a portion of your YouHodler wallet balance.

This is similar to margin trading, or leverage trading.

You can keep the majority of your funds in the interest account using some amount to engage in trading activities with high-profit potential.

The best of all is that you keep generating interest on the amount you deposit into MultiHODL.

How to use YouHodler MultiHODL?

So, how can you profit from the YouHodler MultiHODL feature? See the step by step list below. You can follow all the steps in the screenshot below.

  1. Go to Multi HODL
  2. Decide what to trade
  3. Decide if you want to go long or go short
  4. Set fund source
  5. Set amount
  6. Set leverage

After this, you can adjust take profit (TP) and margin call (MC). As you can see in the screenshot below, the take profit price must be less or equal to a certain price given by YouHodler. Also, the margin call price must be greater than a certain price, given by YouHodler. This is true for a long position and reversed for a short position.

You have 2 alternatives for both of them

  • Set the TP and MC as a change from current value
  • Set the TP and MC as a level

Example

Let´s say you open a trade worth $1000 with 5x leverage, worth in total $5000 at BTC price $5000

Now, you can either set you take profit as $500 under “change” or $5500 under “level”.  

 

If you click on “Show details” you will get all the information about how your leveraged position is funded by YouHodler. Technically, YouHodler will finance your leveraged position with a series of loans where each loan is collateral for the loan below it.

Before you start trading with YouHodler, make sure you understand the fees explained in the next section.

Go to YouHodler

What are YouHodler MultiHODL fees?

There are some fees associated with YouHodler MultiHODL you should be aware of. As you can see in the screenshot below, you are asked to click that you have read and agree on all the terms and conditions.

Further, the fees are an important part of the terms and conditions. The fees are explained in the next paragraph. If you are logged into YouHodler you can also hover over the question mark for each fee to get an explanation.

Roll over fee: Time based fee calculated on the total borrowed amount and charged hourly. The roll over fee is 0.005%.

Profit share fee: Fee based on the total amount (own funds + borrowed amount), and only charged on profitable MultiHodls. The profit share fee is 0.2% and this is charged once on trade is closed.

Summary - YouHodler MultiHODL review 2021

So, is the YouHodler MultiHODL feature worth trying or not?

Let´s summarize the MultiHODL feature with pros and cons

YouHodler MultiHODL pros

  • Very user-friendly way to do something similar to margin trading
  • You still earn interest on your capital in MultiHODL 

YouHodler MultiHODL cons

  • High margin fees compared to margin trading on Binance
As for any leveraged product you shouldn’t keep them for long term since they cost interest.
Go to YouHodler

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