Introduction : Are you tired of traditional lending options that come with high interest rates and long approval times? Have you considered using cryptocurrency as collateral for a loan? Youhodler Cryptocurrency loans offer a revolutionary way to access funds without sacrificing your digital assets. In this article, we will explore the world of crypto loans and explain how they work, their benefits and steps, and how you can get started with this exciting new financial tool.
Crypto loans are a game-changer for individuals and businesses who want to access funds quickly and easily without selling their valuable digital assets. Unlike traditional loans, crypto loans are decentralized, meaning that there is no middleman involved in the process. This translates to faster approval times, lower fees, and greater flexibility. Moreover, with crypto loans, you don't have to worry about credit checks or providing extensive personal information. Instead, the collateral you put up in the form of cryptocurrency secures the loan, making it accessible to anyone with digital assets. Whether you need funds for a new business venture, unexpected expenses, or investment opportunities, crypto loans offer a viable solution that's both innovative and practical.
1: What is a crypto-backed loan?
A crypto-backed loan is a process of using cryptocurrency as collateral for a loan in a different currency. In YouHodler’s case, you can choose from over the top 20 cryptocurrencies as collateral for a loan in Euro (EUR) US Dollar (USD), Swiss Franc (CHF) or Great Britain Pound (GBP). Perhaps the most obvious benefit of crypto lending is that users can get instant access to fiat currency without having to sell their favorite crypto assets. This way, no one has to stress about missing out on a future bull run since when they pay the loan back, they get their crypto back.
In addition, there are more creative ways to use crypto loans for example, as a method to access new capital for investments, for hedging or leveraging on the crypto market and much more. There are a handful of crypto lending platforms offering these services but not all of them are created equal.
For more detailed and up to date information please check this page
https://www.youhodler.com/crypto-loan
and our Helpdesk article regarding Loans https://help.youhodler.com/en/collections/1884544-loan
2: Why choose YouHodler for your crypto-backed loan?
Compared to other crypto lending platforms YouHodler has a wide selection of some of the most popular crypto collateral options. YouHodler regularly adds more coins based on client demand and they are always improving the platform in this regard. In terms of a loan to value ratio, YouHodler lets users get more value for their collateral than competing lending platforms. Users can get an industry-best 90% loan to value ratio on YouHodler followed by instant credit card and bank withdrawals for ultimate convenience.
Unlike other person to person (p2p) lending platforms, there is no need to find a lender. The instant cash comes from YouHodler’s own fiat funds and it includes a proven custodial solution with security funds protected by Ledger Vault digital asset management system and $150M pooled crime insurance. Lastly, YouHodler has flexible repayment date and LTV options for those that want to customize their loans as well as a one-time loan fee that is repaid at the end of the loan term. No hidden rollover fees or daily recurring fees.
3: How to get a crypto-backed loan on YouHodler
Step 1: Transfer crypto to your YouHodler wallet
YouHodler accepts the TOP 14 cryptocurrencies as collateral. No fees for crypto deposits or withdrawals.
Step 2: Get a crypto loan and withdraw funds
Loan approval takes seconds. No need to find a lender like in p2p platforms. You instantly receive cash in EUR, USD, USDT or BTC.
YouHodler works like a pawnshop. There is a temporary sale of cryptocurrency, where YOU are the seller and YouHodler is the buyer. Following a predefined period of time, you repurchase the cryptocurrency from YouHodler.
Our cash withdrawal options:
Bank wire withdrawal via SEPA and SWIFT. Available worldwide.
Credit card withdrawal to your MasterCard or VISA. is available
Crypto withdrawal: buy any crypto or stablecoins using our integrated crypto exchange.
Step 3: Get your crypto collateral back anytime
You can repay your loan using a credit card, stablecoins or bank account and get your crypto back. You can keep your crypto assets in YouHodler’s wallet and have instant access to crypto loans and Multi HODL™
Bank wire withdrawal via SEPA and SWIFT. Available worldwide.
Credit card withdrawal to your MasterCard or VISA. is available
Crypto withdrawal: buy any crypto or stablecoins using our integrated crypto exchange.
You can repay your loan using a credit card, stablecoins or bank account and get your crypto back. You can keep your crypto assets in YouHodler’s wallet and have instant access to crypto loans and Multi HODL™
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