Since altcoins have the capability to grow in terms of price quickly than the leading 10 crypto coins, some experts and incompetent crypto-enthusiasts are taking benefit of this trend. They buy altcoins at a low cost whilst selling them at a high price. This strategy of making profit works well while these crypto-buyers have extra money available. Since most of the crypto-holders have their Bitcoin and Ethereum trapped in virtual wallets, they could preserve crypto and run out of coins for their other transactions. For such people, YouHodler has released an online tool that can assist in providing temporary cash infusions. YouHodler is a crypto-backed mortgage service that provides instantaneous crypto-backed loans. The platform incorporates features like the highest loan-tovalue ratio (70%) for the marketplace and a low-interest charge for short-term loans (3%).
On YouHodler, the customer can make his or her account and transfers his or her crypto to the YouHodler wallets. Once the cryptocurrency is moved to the wallets, the crypto Holder can choose the crypto as collateral for a cash mortgage. While the coins loan is announced by You Hodler, the customer is capable to utilize the coins in any manner he or she deems fit, inclusive of buying altcoins to fast sell them at higher costs. The customer then repays the agreed loan and gets his or her crypto collateral lower back. In a scenario, in case the consumer made additional profit by way of selling the altcoin at high price, the consumer can pocket the added money after repaying the mortgage. As per the customer’s
selection, a few altcoins can multiply the consumer’s capital by 10 times in just 1 week. Investors may even use tradingview.com to become aware of profitable altcoins. The business model works for both the borrower and the lender because the borrower briefly obtains a cash loan for his/her purposes, and the lender gets the interest on the loan. The You Hodler platform has different characteristics. You Hodler accepts a plethora of main stream crypto currencies and permits a user to borrow money fast; usually, the entire loan approval system doesn’t take extra than multiple hours. For the person, the advantages are that the interest price for a short-time period loan is small (3%), and You Hodler’s loan-to-value ratio (70%) is the best in the market.
Source Link:- YouHodler is a crypto-backed