How to earn 12% on GBP with YouHodler
Step 1: Deposit GBP
To begin, log in to your YouHodler account and click your GBP wallet found in the “wallets” section. There, you will see a button for deposit. Please click the button and follow the simple instructions to deposit GBP to the YouHodler platform.
Step 2: Convert EUR to stablecoin
After the GBP deposit is complete, go to your GBP wallet and click the “convert” button. Please convert GBP to any stablecoin option of your choice.
Step 3: Transfer stablecoins from the wallet to the savings account
After successful conversion from GBP to the chosen stablecoin, please move the funds from the wallet to the savings account so you can start earning interest.
Step 4: Earn interest on stablecoins
Once the funds are deposited into your savings account, the first weekly payment period begins.
Monitor your savings account earnings on a daily basis by checking the "Earned" counter. At the end of each week, the earned amount will be deposited into your savings account.
- If you release funds before the end of the weekly period, you will lose all interest earned during the uncompleted week.
- Если в течение недельного периода вносятся дополнительные средства на уже открытый вклад, то проценты с этого депозита начнут начисляться со следующей неделе.
- По окончании каждой расчетной недели на ваш сберегательный счет будут зачисляться проценты. Пользователи могут хранить их там, чтобы накапливать еще большую прибыль на следующей неделе.
What is a stable coin?
As its name suggests, a stablecoin is a cryptocurrency coin that is allegedly pegged to a stable asset (e.g. gold, Euro, U.S. dollar, etc). These coins are available to anyone in the world, do not belong to a central bank and have very low volatility (hence the name). Not only is it a practical coin for everyday use as a payment method, but it’s a valuable crypto-to-fiat bridge for those that want to avoid massive losses in the market.
It’s not uncommon to see other popular coins like Bitcoin or Ethereum rise or fall, 5, 10 or 20% in a single day. While the rapid movements are perfect for people looking to manage risk and profit from market movements, it’s important to have a stable asset as part of your portfolio at all times as well.
All reputable stablecoin reserves are managed by independent custodial institutions and are routinely audited to check if they follow necessary compliance regulations.