What is Tezos (XTZ) and how to get an instant XTZ loan
Tezos is a cryptocurrency platform created in 2014 that operates on the basis of smart contracts. The platform includes several tools that automatically update the algorithm, apparently solving the problem of hard forks that competitors like Ethereum and Bitcoin have. Without forks, the Tezos community is stronger and unified. AS of now, the platform is fully protected by the Proof of State (Pos) protocol. Now, let’s go over a few pros and cons of Tezos before jumping into how to get an XTZ loan.
Pros and Cons of Tezos (XTZ)
Now several years into the game, Tezos is far from a failed project. However, there are still a variety of pros and cons one should consider first for XTZ.
Pros:
- Strong development team with a highly innovative idea.
- The ICO was run very well with a high standard of both protection and popularity in the media
- Strong community
- No hard forks
Cons:
- There were some legal issues surrounding XTZ in America. Lawyers filed a class-action lawsuit against Tezos regarding the sale of unregistered “securities” by the Tezos team.
Regardless of this, many think XTZ has a bright future in the years to come. So if you’re HODLing XTZ and thinking of selling, wait a minute. HEre’s another option.
How to get an instant XTZ loan on YouHodler
If you have XTZ but don’t want to sell, then use it as collateral for an instant crypto loan on YouHodler. Simply sign up, pass our quick KYC/AML procedure and deposit XTZ to your new XTZ wallet on YouHodler.
From there, choose which currency you’d like to receive your loan in. We have XTZ to USD, XTZ to EUR and XTZ to GBP available. The loan process is 100% automated and you can choose from a variety of loan plans, including our industry best 90% LTV loan plan.
So don’t sell XTZ. Grow your portfolio now with an instant XTZ loan and benefit from its future growth.
How to borrow Tezos - 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 XTZ you first must convert one of the above to fiat and convert it to XTZ using our exchange service.
Tezos loan calculator
You can use our XTZ 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 Tezos, please check the calculator first to see which plan works best for you.
Tezos lending process
Tezos 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 XTZ loans.
It's worth trying! Forget selling your
Tezos
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.
