Get an instant Compound loan - Borrow COMP Instantly

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.