The crypto-backed loan works similar to regular loan with collateral, but in this case, as collateral you use crypto. Crypto investors like any other investors buy various cryptocurrencies and wait for the market price to jump up. But, in this case, their investments are "frozen" in the crypto. For instance, you as an investor buy BTC for 10k EUR. This 10K is frozen until you sell BTC (perhaps after the price grows up).

This is the exact moment when crypto loans prove to be very helpful. The investor can borrow a part of the market crypto value of the crypto, use it for any purpose, and afterward pay back the loan and get back the exact crypto amount. Eventually, it is the same result as with the classic investment, but you as an investor are able to use the value of your crypto funds.

YouHodler provides their users with an option to get a loan using crypto or stablecoins assets as collateral. In return, the user instantly receives an agreed loan amount in USD, EUR, GBP, CHF, BTC, or Stablecoins. After repaying the loan, the user gets the collateral back, even if it has increased in value.

To explore more please follow this guide.

To get a loan, go to the Loans page and click the Create new loan button. There you will find the loan calculator. All you need is to choose the Crypto you want to use as Collateral, the desired Loan Amount in fiat or cryptocurrency, and a comfortable Loan Tariff (LTV). You can see how much crypto you need to deposit to get a loan in the Crypto Collateral field right after you filled the Loan Amount field.

After you fill out the loan parameters, review the Terms of Service, and toggle on the switcher. Also, you can set a desired Take Profit level for your loan using the Set Take Profit feature. Once you're ready, click on the GET LOAN button. Your borrowed funds will appear in the Wallet section of your account. You can watch your loans in the Loans section of your account.

YouHodler provides several options to repay your loan using Crypto, Bank Wire, Apple Pay, AdvCash (incl. Credit Card), From your wallet and Close now feature.

Yes, you can request a custom loan tariff. To do so, you need to contact customer service via online chat or by sending an email to [email protected].

If the collateral amount (and therefore the loan amount) is relatively big (usually, more than $100,000 equivalent), the loan can be subject to manual approval by the Team. In that case you can reach the customer service via online chat or by sending an email to [email protected], to check the loan status, or cancel the loan request and simply split the loan in two with smaller amount.

PDL stands for Price Down Limit. This means, when the price drops below the “price down limit” (PDL) level, YouHodler has the right to sell the loan collateral and close the loan. Typically represented as two values: the price of crypto and the change in % from the initial crypto collateral price, e.g. 10,000 USD or - 15%.

Yes, it is possible. The platform analyzes the current market situation and if the circumstances allow, provides with the option to add more cryptocurrency to the collateral to change the price down limit (PDL) of the loan.

If the loan tariff and market conditions allow, the Extend PDL button will appear next to the loan in the Loans section. You need to press the Extend PDL button, to see new loan parameters. After that, you can choose the amount of collateral to add to the current loan. After all the desired parameters are set, press the Extend PDL button.

LTV stands for Loan-To-Value ratio. The amount of fiat funds that you can receive in exchange for your cryptocurrency used as collateral for a crypto-backed loan. This is typically represented in percentages. E.g. 80% LTV means clients borrow 80% of the crypto collateral’s value.

Yes, it is possible. YouHodler's platform analyzes the current market situation and, if the circumstances allow, provides our users with the option to get more fiat from already opened loans, without the need of increasing the collateral amount.

If the loan tariff and market conditions allow, the Increase LTV (Get more) button will appear on the loan panel. The user needs to press the Increase LTV (Get more) button to see new parameters for the loan. After all the desired parameters are set, press the Get more cash button .

It is possible to borrow only a part of the collateral value. The part of the collateral value represents by the LTV level of the particular loan tariff and is typically represented in percentages. E.g. 80% LTV means clients borrow 80% of the crypto collateral’s value. Future loan parameters, including LTV, can be checked here.

The minimum loan amount is 100 USD equivalent. There is no max cap for the loan. To get a custom loan tariff, you need to contact customer service via online chat or by sending an email to [email protected].

For Loans that are created after 05.09.2022 max loan duration is 364 days.

Once this term passed, the loan will be closed automatically. If the loan is closed without repayment, all borrowed funds will be kept by the customer.

Turbocharge loans are closed right after their term expires.

The fee is calculated in % from the loan borrowed amount (not from the overdraft amount) and in the loan borrowed currency. The actual fees are available on the loan form inside the platform. The loan commission is collected after 24 hours from the moment of opening the loan and then daily at the same time. The loan fee is shown on the loan opening form and can be viewed in the loan detailed view after opening the loan as well.

There are 2 ways the loan fee can be paid:

After taking a loan, the client will be redirected to the Loans page where his loan appears. The following information is displayed on the Loan widget:

The sum of PDL and LTV is always less than 100% for additional protection of the company from slippage during a sharp decline in crypto market price.

If the loan was closed it can’t be reopened, since the loan collateral will be sold in order to cover the loan repayment to avoid the financial losses of the company.

No, crypto collateral does not earn reward. However, the borrowed funds (stablecoins or crypto) earn reward when they are kept in your YouHodler account.

The loan can be opened for a maximum term of 364 days. On the loan widget, there is a field Repay until, which shows the date of the last day of the loan.

The maximum loan duration is 364 days. If this term passed without the loan repayment, the loan will be closed automatically. This term can’t be extended.

YouHodler provides the following options to repay a loan using crypto, fiat, or stablecoins:

Yes, fiat currency (USD, EUR, GBP, CHF) can be used to borrow crypto such as BTC, ETH, ADA, etc.

Yes, USDT can be used to borrow crypto such as BTC, ETH, ADA, etc.

Using crypto as collateral, the client can borrow in stablecoins (USDT) or fiat (USD, EUR, GBP, CHF).

Using fiat or stablecoins as collateral, the client can borrow in BTC, ETH, ADA, and DOT.