How to get an instant Tron (TRX) loan on YouHodler
Like the majority of other high profile cryptocurrencies, Tron (TRX) can never seem to stay out of the headlines. This is both good and bad for a variety of reasons. Several controversies surround the project, yet, TRX continues to rise as one of the most competitive cryptocurrencies out there. So let’s take a quick look at the Tron coin background and then discover how a TRX loan can help your portfolio.
Tron (TRX): What is the Tron coin?
Tron and it’s native token TRX aim to solve the problems that come with centralized entertainment. They want to eliminate the third party from entertainment and maintain an equal flow of value to all its creators and members. In theory, someone can upload a video or any type of file on the Tron blockchain directly and then get the proper payment based on how many people view the product and react to it. Ideally, this system provides a fair judgment with fair profits and cuts out the middlemen (e.g. corporate companies). Furthermore, it aims to eliminate the problem of censorship found on platforms like YouTube and Twitter.
The Pros and Cons of Tron (TRX)
When discussing the key features of Tron and TRX, there are a few pros and cons to consider:
Tron pros:
- An innovative system that helps distribute digital assets
- Personal ICO system that increases the rate of rise in funds
- Independent and uncontrolled data
- A system that is fueled entirely by content where users can earn crypto from the spread oftheir content
Tron cons:
- Some say Tron’s high supply may be a problem for the Tron coin price.
- There were some problems with Tron’s timeline not following a certain deadline since the early days of the project.
- There is some drama surrounding Tron founder Justin Sun and his expertise. This, however, is a topic up for debate.
How to get an instant TRX loan on YouHodler
Whether you need instant cash for daily expenses or want to use a loan for strategic market moves, YouHodler makes it easy to get fiat with TRX as collateral. Simply sign up on YouHodler.com, pass our quick KYC/AML procedure and deposit TRX into your YouHodler TRX wallet.
From there, just choose TRX as your collateral option and which fiat you want to receive (TRX to USD, TRX to EUR and TRX to GBP loans are available). For the true TRX believers, there are many reasons to HODL this coin and not sell. YouHodler helps you access quick cash without having to lose your precious crypto.
Your TRX is valuable. Don’t sell. Instead, try Tron lending on YouHodler today.
How to borrow Tron - 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 TRX, you first must convert one of the above to fiat and convert it to TRX using our exchange service.
Tron loan calculator
You can use our TRX 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 Tron, please check the calculator first to see which plan works best for you.
Tron lending process
Tron 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 TRX loans.
It's worth trying! Forget selling your
Tron
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.
