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This new online tool helps crypto holders make quick money on altcoins

3min Read
This new online tool helps crypto holders make quick money on altcoins

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If you take a look at CoinMarketCap, it seems that the current crypto-market is characterized by the static positions of Bitcoin [BTC] and Ethereum [ETH], as well as by dynamic moves of altcoins that can change by 30% each day.
Because altcoins have the potential to increase in price much more quickly than the top 10 crypto coins, some professional and amateur crypto-enthusiasts are taking advantage of this trend. They purchase altcoins at a low price while selling them at a high price. This method of generating profit works well when these crypto-traders have extra cash available. However, having the cash these days is not always the case.
Because the majority of crypto-holders [HODLers] have their Bitcoin and Ethereum trapped in digital wallets, they can hold crypto and run out of cash for their other transactions. For such individuals, YouHodler has launched an online tool that can help provide temporary cash infusions.
YouHodler’s unique crypto-backed loan platform is designed to help crypto-holders take advantage of instant crypto-backed loans at a low-interest rate. To make quick profits, crypto-traders can borrow money from YouHodler to buy altcoins at low prices and sell these altcoins at higher prices.
What is YouHodler?
YouHodler is a crypto-backed loan service that offers instant crypto-backed loans. The platform contains features such as the highest loan-to-value ratio [70%] for the market and a low-interest rate for short-term loans [3%].
How does YouHodler help crypto-enthusiasts make money?
On YouHodler, the user creates his/her account and moves his/her crypto to the YouHodler wallets [this is similar to how it works for Coinbase, Binance, or any other exchange]. Once the crypto is moved to the wallets, the crypto HODLer can then select the crypto as collateral for a cash loan.
Once the cash loan is released by YouHodler, the user is able to use the cash in any way he/she deems fit, including purchasing altcoins to quickly sell them at higher prices. The user then repays the agreed loan and receives his/her crypto collateral back. In one scenario, if the user made additional profit by selling the altcoin at a higher price, the user can pocket the extra cash after repaying the loan.
Depending on the user’s selection, some altcoins can multiply the user’s capital by 10 times in the span of just 1 week. Traders can even use to identify profitable altcoins. The business model works for both the borrower and the lender, as the borrower temporarily obtains a cash loan for his/her purposes, and the lender receives interest on the loan.
The YouHodler platform has several distinct features. YouHodler accepts a wide range of mainstream cryptocurrencies and allows a user to borrow money quickly; typically the entire loan approval process does not take more than a couple of hours. For the user, the benefits are that the interest fee for a short-term loan is small [3%], and YouHodler’s loan-to-value ratio [70%] is the best in the market.
YouHodler to save the market from crashing
By supporting HODLers during the hardest moments of the crypto-winter, and providing them with cash infusions, YouHodler saves the crypto-market from crashing. Demand for YouHodler’s services is projected to grow, because YouHodler is transparent in its approach, offers an easy-to-use service, and cares about its users.
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Biraajmaan covers market trends of major cryptocurrencies. As a graduate in engineering, his interests lie in Blockchain technology. With over a year as a journalist, his articles focus on US and UK markets.
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