The YouHodler platform enlange services for users, they are using new creative ways to improve the crypto-market. For example “buy cryptocurrency with fiat”. With this method, combined with YouHodler’s 90% loan-to-value (LTV), a user can buy bitcoin for just 10 percent of its value. Let see how it works in 3 simple steps.
HOW TO BUY CRYPTOCURRENCY FOR 10 PERCENT OF IT’S VALUE ON YOUHODLER
Recently YouHolder introduced a new feature that clients can use to buy Bitcoin, Ethereum, Ripple, Stellar, Litecoin, Bitcoin Cash, Bitcoin Satoshi Vision, DASH, EOS, Basic Attention Token (BAT), Augur and more directly on the platform with fiat (Dollar and Euro with a credit card or bank wire). Users can get large discounts on crypto purchases. For this specific example, let’s see how someone can buy 1 Bitcoin for just 10 percent of its price using the following 3-step:
For example, 1 Bitcoin price is $8000
First Step: You must use $8000 to buy 1 Bitcoin on YouHodler platform ( This capital will turn back). Alternatively, you should borrow the $8,000 from your traditional business funds to use in this case.
Second Step: Use this 1 Bitcoin as collateral on YouHodler platform. With 90% loan-to-value (LTV), you get 90% of $8,000 sent to you in cash or Tether. Use this Sum to pay back the $8000 to wherever you borrowed the first capital from.
Third Step : You now have 1 Bitcoin sitting in collateral that you paid 10 percent for ($800). Now, you must wait for the market to rise again before paying the loan and getting your Bitcoin. You are only responsible for paying back the 1 Bitcoin at its price at the time of the loan. So if it rises to $10,000, $12,000 or more, you keep all additional profits.
Note: This
can be a risky strategy if the market takes a rapid price drop.
CUSTOMIZED RATE OPTIONS
The example was focused on YouHodler’s 90% loan-to-value (LTV) rate option but users should know there are a variety of channels one can access. If you want quick cash, 8-day loan term with 80 percent loan-to-value (LTV) for a long term 120-day loan with more flexibility, there are a lot of choices. Requested Customized rates are also available. These available features are part of your risk management strategy. Therefore, YouHodler recommends a accurate due process before continuing financial activities.
You can find the full selection of rate options visiting YouHodler.com .
READ ALSO: Tim Draper: Bitcoin at $250,000 Taking 5% of Global Market Share.
