Introduction
YouHodler is a crypto-trading platform that also functions as a crypto wallet and miner. It offers various features, including a Cloud Miner that allows users to mine Bitcoin for free using Sparks, which are earned through trading and conversions. Users can also trade and convert cryptocurrencies like Bitcoin, Ethereum, Dogecoin, and more.
What is YouHodler?
YouHodler is a crypto-trading platform that also functions as a crypto wallet and miner. In some ways, it is similar to Crypto.com, but there are some major differences.
Mine Bitcoin for free through YouHodler’s Cloud Miner
As mentioned above, YouHodler offers you a way to mine Bitcoin for free. You can do this through the platform’s Cloud Miner feature.
To start mining Bitcoin for free, you need to log in to your member dashboard and click on the Cloud Miner link on the left side of the dashboard. You will see something like the image above.
The way this opportunity works is that you will be able to mine Bitcoin for free using Sparks. Mining a block on Crypto Miner requires you to spend Sparks. How many Sparks it costs to mine a block and how long it takes depends on your membership level.
After you have mined all the available blocks, you will need to spend Sparks again to unlock the next set of blocks to mine. All you need to do to earn from this opportunity is to earn Sparks.
You will receive Sparks for every trade and every conversion made on the platform. Sparks replenish themselves after seven hours when you first start trading. You can reduce the time it takes to replenish by upgrading your account level. However, this method is easier said than done.
You will need to trade a certain amount of crypto to reach the next account level. If you reach the next account level, you will also receive Sparks.
If you want to go the free route, you will need to be very patient with this opportunity. However, in my opinion, it is very possible because this earning opportunity does not actually take up much of your time.
If you run out of Sparks, you can log in again when you have replenished enough Sparks to mine new blocks. At least, that is how I would do it if I did not want to spend money on this platform. Of course, if you really want to speed up the earning process, you can deposit money into your YouHodler account and use it to trade the crypto of your choice.
This way, you will get Sparks faster and mine more Bitcoins. Before doing so, you just need to evaluate whether it is profitable to do so.
Also, if you join via an invitation link, you can get 100 Sparks for free as a welcome bonus.
The earning opportunity is relatively easy and requires very little effort, which is its biggest advantage in my opinion.
How do you get paid from YouHodler?
As explained above, you will earn Bitcoins from the earning opportunity it provides. And since YouHodler is a crypto-trading platform, there is the option to convert your Bitcoins to a different crypto or even cash.
Just keep in mind that you will have to go through the verification process before you can convert your mined Bitcoins to another crypto or cash.
And if you want to upgrade your account level, you will have to do so because a certain amount of crypto needs to be traded to move to the next account level. With YouHodler, you can convert your Bitcoin to other stablecoins like Ethereum, Dogecoin, Solana, and more.
Just keep in mind that each conversion will incur a service fee, so you should only convert them when you’re making a significant amount of money to save on fees.
Now, you have the option to withdraw your crypto to any crypto wallet, or you can leave it on the platform and enjoy the features it offers that will help you grow your crypto assets.
How to join YouHodler?
The website doesn’t tell you exactly which countries it’s available in, but as far as I can tell, it’s more or less available worldwide, except for countries with crypto restrictions. Signing up is also relatively easy.
You can use your Google or Apple account to register. You can also sign up using your email address. After your registration is complete, YouHodler will send you a confirmation email. Click on the link in the email to proceed to the next step.
Now, as mentioned earlier, you will need to verify your identity to continue using the advanced features of the platform, such as crypto conversion or trading. This is called the KYC (Know Your Customer) process. For this step, you will need to submit a photo of your passport or residence permit.
After meeting this requirement, you can use all the features of the platform.
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