YouHodler Month in Review: November 2019
We’ve finally made it. The last month of the year. December is a time of family and gift-giving. YouHodler is looking forward to diving into all of that but first, let’s not forget November. November was an interesting month for the crypto market and it ended on a high note. For YouHodler, November was a month of new features, unique innovation and lots of preparation for the future. So if you haven’t been following along, here’s a look back at November 2019.
Decreased Commissions on Bitcoin Loans; Borrow BTC at a Reduced Rate
This month, we officially reduced commissions on all Bitcoin loans where BTC is the borrowed currency. Not only is YouHodler one of the only crypto lending platforms that let users Borrow BTC against altcoins as collateral, but now we also have lower commissions than the competition.
The new commissions for Bitcoin loans (where Bitcoin is the borrowed currency) are as follows:
- “Extreme” loan plan: 0.90% commission
- “Anti - Crisis” loan plan: 1.90% commission
- “HODLers Favorite” loan plan: 4.90% commission
To borrow BTC is different from other crypto backed loans on YouHodler because the user is receiving BTC in exchange for altcoins instead of USD, EUR or stablecoins. This is significant because it allows clients the unique opportunity to hedge their altcoins with “digital gold,” BTC.
Virtual BTC & USD are Here: YouHodler features for free
Do you want to enjoy all the benefits of YouHodler and the crypto market without the risk? Now you can with YouHodler’s demo funds. With virtual USD and BTC (called YUSD and YBTC), users can interact on the platform, learning all the ins and outs without losing any real money. Currently, the program is available for all clients and YouHodler is the first platform of it’s kind to offer such a feature.
Need cash for Christmas? YouHodler can help!
YouHodler was recently featured in an article from Yahoo Finance about crypto lending. With Christmas around the corner, many people may be worried about the expenses this holiday often brings. Yet, for many crypto HODLers out there, a crypto backed loan is a great way to unlock “Christmas capital” from your crypto without having to sell it.
Well, that wraps it up for this month’s review. As we speak, the YouHodler team is taking part in the Crypto Valley Associations Western Chapter Launch Event in Lausanne, Switzerland. We are excited to share all the great details and photos from this event, so keep an eye on our blog for that coming soon.