Crypto trading is a competitive hobby and often times, it seems like only those with money actually win. But nowadays, there are all sorts of tools to help traders turn a profit regardless of their industry connections of bank account size. Taking a bitcoin loan is a quick and easy way to receive money for investing or funding a crypto business.
PROFIT FROM A BITCOIN LOAN: AVOID THE BANKS
Whether you want to capitalize quickly on a crypto bull run or need money to pay your mining expenses, a bitcoin loan can help in ways that traditional banks cannot. Taking out a loan at a traditional bank takes complex background checks and days, weeks or even months of waiting. By that time, the opportunity has passed. With a crypto loan though, you can sign up and receive cash almost instantly. For professional traders that need capital fast or miners that need to fix their hardware, time is of the essence.
PROFIT FROM A BITCOIN LOAN WITHOUT SELLING YOUR CRYPTO
Many HODLers out there have all their money tied up in crypto. Of course, these people cannot 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 you out. Without selling your crypto assets, you can get a quick cash loan by using your crypto as collateral. Once the loan is paid, you receive your crypto back. If the market was good during the loan term, then you get your crypto back at the increased value, meaning you profited in the process.
PROFIT FROM A BITCOIN LOAN: WHICH PLATFORM IS RIGHT FOR YOU?
There are a few platforms out there 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 wire and crypto for both pay in and pay out option, users have the most convenient way to request a loan.
Their attractive affiliate program also allows users to earn a passive income on the side for referring clients. So if you need cash quick but don’t want to sell your crypto, this site is highly recommended.