Bitcoin (BTC) is where it all started. This is the first and most popular in the world crypto. Bitcoin helped launch the revolution. Helped lead the parade of classic FinTech for blockchain technology and decentralization. So here are some interesting facts about this popular crypto and a brief tutorial on how to borrow crypto or fiat supported by Bitcoin in YouHodler.
Bitcoin loan: what BTC?
Bitcoin's history is one of the mysterious and still to this day. According to what we do know, BTC was first discovered back in 2008 by Satoshi Nakamoto. One year later, this crypto released as open source on the web board cypherpunk. Quickly create a lot of buzz in the tech community.
Finally, pass the dark reputation as the "currency of dark web" and now is a viable means of currency. As a crypto most popular on the market, there are many advantages (and some disadvantages) to accept Bitcoin lending.
Lending Bitcoin: Pros and cons
Pro
Decentralization: BTC is not vulnerable to the actions central government authorities such as financial institutions, political or executive bodies of the bank.
Transactions indefinitely: This Bitcoin currency worldwide first in the world that can be easily sent across the border without delay. As the world moves to a global economy, this will become more important.
Super Security: Bitcoin is very safe because of its blockchain design which features advanced cryptography during the transaction process.
Popularity: As the most popular cryptocurrency, Bitcoin is the first choice for traders crypto seek to enter new markets.
COUNTER
Volatility: Bitcoin is famous because of the volatility. Every day, there can be dramatic price swings and for the most part, it was largely unexpected. However, in recent years, volatility has become less dramatic as the market matures.
Competition: As cryptocurrency in the first generation, there are many aspects of Bitcoin technology that has been improved with the second and third generation crypto hitherto. Many question the longevity of BTC in the years to come.
However, with YouHodler, this volatility should not be a problem. By choosing a loan Bitcoin on YouHodler and using BTC as security, crypto investors do not risk losing any potential growth in the future because they will sell it. Actually, BTC loan might just be the difference in the growth of your portfolio.
Bitcoin Loans: easy and fast on loan platform crypto
Even if you have never received previous crypto loan, getting a loan is very easy BTC. All you need is a balance BTC and YouHodler account. You can convert your crypto funds borrowed to Bitcoin (to obtain leverage) or altcoins (to diversify your portfolio) on our lending platform, as well as withdraw cash borrowed directly to the credit card or bank account.
Use your Bitcoin to hedge or exploit your portfolio for maximum protection and growth depends on market conditions. If you want to learn more about the loan BTC and detailed steps on how to get one in YouHodler, read the full tutorial here.
Also, look into our other selection of popular crypto loans, such as loans and loan Ethereum DASH.
Lending Bitcoin: Bitcoin is supported by a loan Introducing altcoins
YouHodler is the first loan crypto platform to offer loans Bitcoin (BTC USD and BTC for EUR etc) supported by altcoins. Bitcoin loan is for active Hodlers who want to get more BTC in the portfolio and their gains from that growth without selling any altcoins. Hedge altcoins on YouHodler with loans and profit from the instant BTC BTC pumps and sadness simultaneously.
This new borrowing to bridge the gap bitcoin features a crypto-backed credit lines of traditional fiat with digital assets. Customers can now easily expand their portfolio by borrowing bitcoin crypto.
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