Crypto trading is a competitive hobby, and often it seems that only those with money actually win. But today, there are all sorts of tools to help traders make a profit, regardless of their industry connections or bank account size. Taking out a bitcoin loan is a quick and easy way to receive money to invest or fund a crypto business.
TAKING ADVANTAGE OF A BITCOIN LOAN: AVOIDING THE BANKS
Whether you want to capitalize quickly on a crypto bull run or need money to pay for mining expenses, a bitcoin loan can help you in a way that traditional banks cannot. Taking out a loan from a traditional bank requires complex background checks and days, weeks, or even months of waiting. At that point, the opportunity is gone. In contrast, with a crypto-currency loan, you can sign up and receive money almost instantly. For professional traders who need capital fast or miners who need to fix their equipment, time is of the essence.
TAKE ADVANTAGE OF A BITCOIN LOAN WITHOUT SELLING YOUR CRYPTOCURRENCY
Many HODLers have all their money tied up in crypto. Of course, these people can't sell their assets because HODLing has become a philosophy that will provide massive gains down the road. However, we all need to eat. That's where a bitcoin loan can help. Without selling your crypto assets, you can get a quick loan using your crypto as collateral. Once the loan is paid off, you get your crypto back. If the market was good during the term of the loan, then you get your crypto back at the increased value, which means you benefited from the process.
ENJOYING A BITCOIN LOAN: WHICH PLATFORM IS RIGHT FOR YOU?
There are a few platforms that offer a bitcoin loan, but only YouHodler offers the most diverse group of collateral options with the highest loan-to-value ratio (80%). Users can choose from BTC, BCH, BSV, LTC, XRP ETH and more as collateral options. With credit/debit card, bank transfer and crypto for payment and remittance options, users have the most convenient way to apply for a loan.
Their attractive affiliate program also allows users to earn passive income on the side for referring customers. So, if you need money fast but don't want to sell your crypto, this site is highly recommended.