Is possible to use Crypto as Collateral for Loan?
A cryptocurrency is a medium of exchange that is digital, encrypted, and decentralized. Unlike the U.S. Dollar or the Euro, there is no central authority that manages and maintains the value of a cryptocurrency. Instead, these tasks are broadly distributed among a cryptocurrency’s users via the internet.
You can use crypto to buy regular goods and services, although most people invest in cryptocurrencies as they would in other assets, like stocks or precious metals. While cryptocurrency is a novel and exciting asset class, it can also be used as collateral for a loan. Yes! it's Possible😀 by using YouHodler.
YouHodler is a website that provides the following products:- crypto wallet- loans with crypto as collateral- crypto saving accounts- crypto exchangeThe YouHodler Wallet allows you to store crypto, accumulate interest and pay at any time. The wallet is available for iOS and Android.YouHodler also allows users to continue holding crypto while they also need access to cash. This is possible by using crypto as collateral for a loan. The following loan currencies are supported: EUR, USD, GBP, CHF, Tether, and Bitcoin. The minimum load is $100. The loan to value ratio offered is 90% and the top 40 most popular cryptocurrencies are supported as collateral.The YouHodler savings account offers 12% APR and it can be paid in USDT or other major stable coins.The YouHodler crypto exchange gives you the opportunity to trade a large number of cryptocurrencies and quickly deposit them in cold storage or into a savings account as needed.
You can also earn free crypto coins , accumulate and use YouHodler for the loan.
Crypto Exchange - Coinbase.