Connect with us

Press Release

Top 3 crypto-backed loan companies in the world

Guest Author



Top 3 crypto-backed loan companies in the world
Source: YouHodler

A crypto-backed loan is a new type of service that gained popularity during the recent slow-down in cryptocurrency activities, aptly dubbed the “Crypto Winter.” Back in December 2018, crypto bulls frenzily invested in Bitcoin [BTC], Ethereum [ETH], and XRP, among other coins. Once the market plummeted, some people chose to sell their cryptocurrencies for low prices and other people chose to HODL. For the HODLers, the past few months have been a seemingly long and continuous journey.

Because small businesses and individuals currently need cash to pay for rent and cover other necessary day-to-day bills, they often borrow cash from crypto-backed loan providers. To do this, they sign up to borrow cash loans, using their cryptocurrencies as loan collateral. When their financial situations stabilize, they repay their loans to the crypto-backed loan service providers, in return for their digital coins back. In this article, we have outlined the top 3 crypto-backed loan leaders in the market today.

Crypto-Backed Loan Company: Nexo

Nexo is one of the first companies in this field. It issues loans from $1,000 to $2,000,000 and serves clients from all over the world. The platform has over $1 billion in crypto-backed loan requests.


  • The company operates all over the world.


  • Nexo accepts a limited number of cryptocurrencies as collateral. However, the loan-to-value ratios are generally small and the loan process takes some time.

Crypto-Backed Loan Company: SALT Lending

SALT Lending is yet another crypto-backed loan platform. The company has over 64,000 platform members at this moment, and it already has $50 million in loans serviced.


  • Because SALT uses a peer-to-peer approach, it allows investors to become lenders and to capitalize off of others.


  • For people seeking to obtain loans, SALT accepts a relatively low number of cryptocurrencies as collateral. The loan-to-value ratio, up to 60%, seems to be low as well.

Crypto-Backed Loan Company: YouHodler

At this moment, YouHodler is the youngest and most competitive player in the market. Because the company wants to stay competitive with monster lenders like SALT and Nexo, it is offering better terms to its borrowers.


  • At up to 70%, the company offers the highest loan-to-value ratio in the market. The process of obtaining a loan is extremely fast and simple. A loan can be taken instantly, and the entire process usually takes no more than a few minutes.
  • Additionally, unlike its competitors, YouHodler currently accepts five of the top cryptocurrencies as loan collateral. Whether you have BTC, ETH, XRP, BCH, or LTC, you can use it as loan collateral to borrow instant cash. YouHodler’s customer support works well.


  • The company does NOT serve customers from the U.S., Korea, and China. It is important that crypto-backed loan providers continue helping out HODLers through the harsh times of the Crypto Winter.

So, before you sell off your digital crypto assets next time, first give crypto-backed loans a shot. They are definitely worth the try.

Follow us on Telegram | Twitter | Facebook

AMBCrypto is not responsible for the content included in this article. Readers' discretion is required while visiting the links given in the report as AMBCrypto is not responsible for the products or services.

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *


Is Grupo XP signaling a greater digital currency adaption?

Alisha Jose



Source: Pixabay

Brazil’s largest brokerage, Grupo XP, made headlines last year when it became the first major exchange to open itself up to the trading of Bitcoin and Ethereum. As a development long anticipated, this involvement of cryptocurrency on the highest stage signaled a level of acceptance and mainstream viability which many crypto followers have been predicting for years.

As the two biggest names in the cryptocurrency market, Bitcoin and Ethereum are acting as vanguards in this respect. This has not only raised the public profile of the two currencies, but it has also driven significant additional interest to crypto and digital currencies as a whole.

As Brazil stands as one of the progressive and forward-thinking markets when it comes to financing, this raises questions as to the role which digital payments might play in an increasingly technological world. Can we ever expect it to take the place of traditional cash?

To answer this question we need to look at just how far digital currencies have come in the short time they have existed. Nowhere is this growth more evident than with PayPal, perhaps the most well-known digital money system on the planet.

Originally founded back in December of 1998, PayPal was not the first in the business, but it offered a level of user-friendliness and convenience which set it above all of its contemporaries. Pushed by such well-known names as Peter Thiel and Elon Musk, PayPal proved itself in how well it integrated into many major online retailers. The most famous of these was the most powerful online auction house in the world, eBay, which later acquired PayPal in 2002 for $1.5 billion.

Since then, PayPal continued its path to victory by offering high-quality security and international connectivity, and through the acquisition of related companies such as Fraud Sciences, Braintree, and Hyperwallet.

Now with 254 million users, PayPal’s success has shown that there is room for competitors, which helped shine a light on the road which competing forms of currency, and newer digital systems like crypto, would follow.

While PayPal prides itself as a jack-of-all-trades, others preferred to follow their own path. Idebit, for example, instead focuses on offering services dedicated to users in Canada. Some of the more popular services offering idebit include online casinos like Guts and Rizk. As these are bound by similar regional limitations, it makes sense that they would operate in cooperation, as this has proven the best way to legally offer the best bonuses and deals.

Caption: “Bitcoin IMG_4444” [CC BY 2.0] by btckeychain | Source: ICSDigital

Our focus of crypto, on the other hand, places its most significant emphasis on the anonymity of its transactions. This is not something which is offered by the likes of PayPal, which instead attempts to act as an online replacement for traditional finance systems, rather than an alternative to.

With dedicated markets for crypto and other forms of digital currency now offering goods and services on a level which challenges traditional fiat currencies, the fact that the old-fashioned will increasingly be usurped is nothing short of inevitable.

While the inherent power and connectivity-reliant nature of these mean that they will never entirely replace the coin or note, the decrease of worldwide emphasis on these older systems is already happening, and will only grow more pronounced in the future.

Continue Reading