How to Get an Instant LTC Loan on YouHodler
Do you want an LTC loan? Originally thought to be nothing more than a Bitcoin copycat, Litecoin has since proven itself amongst the other top cryptos. For that reason, the LTC is a very popular option on YouHodler. For those that don’t know much about Litecoin, here is a little introduction followed by a quick tutorial on how to get an instant loan.
What is Litecoin lending and why should you get instant loan?
There are many reasons why one should get an LTC loan on YouHodler. The most important being that LTC is a coin you want to hold on to. Litecoin is a p2p crypto and open source software initiative released under MIT/X11 licenses. Both the creation and the transfer of coins is based on an open source protocol and is completely decentralized. Yes, it is heavily inspired by Bitcoin and from the technical perspective, rather identical. However, it’s far quicker and cheaper than BTC. For that reason, the coin started seeing huge market growth.
Market growth and Litecoin future
Back in 2017, we saw Litecoin reach an all-time high of $360.93. Compare that a year earlier ($4.40) and that’s roughly an 8200% increase. Yes, this occurred during the crypto boom of 2017 but what’s more important is that it survived the dreaded “Crypto winter” that followed. Many loyal followers still support LTC and see it surpassing it’s all-time high one day. The future of LTC lies within its speed and affordability. Many LTC HODLers think the coin will be one of the first to be introduced in online marketplaces like Amazon. LTC has so much potential for growth and adoption that people are looking for more creative ways to HODL their assets.
Get an LTC loan on YouHodler; Instant loan without sellings
HODLers always have a tough dilemma. They want to hold on to their assets and not risk losing value. However, we all have bills to pay or perhaps one wants to free up funds for hedging or leveraging their portfolio. Whatever the reasons, YouHodler can help you get an LTC loan or any instant loan when you need it.
With an LTC loan, you simply use your LTC as collateral in exchange for an LTC to USD, LTC to EUR or LTC to stablecoin (USDT) loan. You can then withdraw those fiat funds directly to your debit/credit card of choice and use it in the real world.
To see a more detailed view on how to get an instant loan on YouHodler, buy LTC with credit card and sell Litecoin, read our tutorial.
How to borrow Litecoin - 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 LTC, you first must convert one of the above to fiat and convert it to LTC using our exchange service.
Litecoin loan calculator
You can use our LTC 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 Litecoin, please check the calculator first to see which plan works best for you.
Litecoin lending process
Litecoin 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 LTC loans.
It's worth trying! Forget selling your
Litecoin
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.
