How to get a crypto loan
YouHodler makes it easy to get instant crypto loans of all varieties. Here’s how to get your COMP crypto loan today.
Step 1: Deposit COMP
Log in to your YouHodler app and go to your COMP wallet. Click “deposit” and follow the instructions.
Step 2: Choose your loan plan
We feature three different crypto loan plans with a variety of fees and loan to value ratios (LTV). Choose which one works best for you and then click “get a loan.”
Step 3: Your crypto loan is instantly available
Check the wallet of your chose crypto loan currency and you will see it there. YouHodler crypto-backed loans are instant, affordable, and don’t require any credit checks.
Step 4: Spend your cash
Withdraw your cash directly to your favorite bank card or bank account (via bank wire). Alternatively, you can exchange crypto right on the platform to buy more cryptocurrency or stablecoins to use for our other features like high-interest savings accounts or Multi HODL.
YouHodler: Crypto loans you can trust
YouHodler comes with high-grade safety and security techniques to ensure your crypto collateral is safe at all times. Read more here
Multiply COMP with Multi HODL
Besides using COMP as collateral for an instant crypto loan, YouHodler also helps you multiply COMP via our Multi HODL tool. To begin, simply click the Multi HODL button on your COMP wallet, choose which direction you think COMP will move in on the market (Up or Down), and then set your multiplier level (x5 - x30).
Then, follow the results closely and see if COMP moves in your favor for profit. Manage your open long or short position with “Take Profit” and “Margin Call” features that let you exit the market at the precise time. Discover a quick and easy way to multiply your COMP with Multi HODL.
How to borrow Compound - How does it work?
With our Crypto-Backed Loan service, you can borrow BTC, USDT, USD, EUR, GBP, or CHF only. That means if you want to borrow COMP, you first must convert one of the above to fiat and convert it to COMP using our exchange service.
Compound loan calculator
You can use our COMP loan calculator with different loan plans to find the best option for you. You can see all parameters on the form such as loan duration, price down limit, and loan repayment. If you want to loan Compound, please check the calculator first to see which plan works best for you.
Compound lending process
Compound lending is easy with YouHodler. Just open and verify your account, deposit your crypto to the wallet and use it as collateral for your future COMP loans.
It's worth trying! Forget selling your
Compound
with instant crypto backed loans on YouHodler
If you would like to learn more about crypto credits, please continue to the app. Start boosting your crypto portfolio now with YouHodler's crypto lending, convert, buy and sell options.
