Launched way back in 2009, Bitcoin (BTC)l, and the concept of cryptocurrency in general, has shaken up the world of digital payments. Bitcoin is now the leading crypto coin by market cap, with 1 BTC being worth $35,000 as of late January 2021. Investment in cryptocurrencies such as bitcoins has become a new route for people to make money. Thanks to cryptocurrency websites such as YouHodler, it’s now possible for people to take out BTC loans. Here is all that you need to know about BTC loans, and how to get them without any hassle.
What is a BTC loan?
With Bitcoin Loans, investors normally borrow offers using their Bitcoin assets as collateral. The lender then takes the collateral, and the borrower is given their cash which must be repaid with interest. While there are several crypto online platforms that deal with crypto loans, YouHodler BTC loans are the most affordable and profitable crypto loans for many cryptocurrency borrowers. You can get instant Youhodler Bitcoin loans with the highest loan-to-value ratio (90%).
Some BTC lending platforms operate by connecting BTC borrowers with cash lenders. This is termed decentralized financing (DeFI). You can choose to take out loans from crypto platforms that offer BTC loans directly