YouHodler Turbo Loans: A More Efficient Way to Earn Crypto
After recognizing a unique pattern with clients taking a “chain of loans” to multiply their assets, YouHodler built a new feature to automate the process on the platform. The “Turbo Loan” feature lets users customize their chain of loans in one click, while also lowering interest fees, eliminating fees on crypto purchases and creating a better way to earn crypto.
Earn crypto: How "Turbo Loans" work
YouHodler’s Turbo Loans lets users get a “chain of loans” in one click and with low fees. Once a user clicks the “Turbocharge crypto" button, YouHodler automatically takes the fiat from the first loan to buy more crypto with no conversion fees (limited time offer). This crypto is used as collateral for the next loan in the chain.
Interest fees for each additional loan in the chain decreases 0.1%, making it a more lucrative opportunity for profits. Again, as a limited offer, YouHodler eliminates the fee when buying crypto when a user chooses Turbo Loan. Users can customize how many loans they want to have in their own chain (minimum of three loans and a maximum of ten loans allowed).
On the feature, YouHodler CEO Ilya Volkov mentions that
“following crypto-enthusiasts behavior, we’ve created a new, innovative tool. Turbo Loans are a faster, cheaper alternative to crypto trading. With Bitcoin and altcoin prices changing up to 10% daily, Turbo Loans could be a great tool to multiply your portfolio and earn crypto.”
Use cases for Turbo Loans: Earn crypto for less money
Turbo Loans main benefit is to help clients earn crypto without spending and freezing additional funds. One could liken this feature to options, futures contracts or a similar venture. Using a bullish example, where the market grows 30%, a user could implement Turbo Loans to get crypto at a discounted rate of 30% (excluding LTV and interest from YouHodler).
In other words, starting with just 1 BTC, one could “Turbocharge” this amount to more than 4 BTC in just a few clicks. With a 30% market price growth after repayment of the “turbo loans” final profit could amount to 44%.
Looking at the current daily price movements, 30% is not only a realistic figure, but it’s also easy to imagine that number going higher in the months to come.
Users should be aware there is a risk in this sort of methodology as it requires one to predict market growth. In the case of market growing 20, 30 or 50+ %, the customer will get a “turbocharged” amount resulting in a significant profit.
Introducing a new way to work with the crypto market
Turbo Loan is YouHodler’s most efficient feature for users that want to leverage their crypto and grow their portfolio with minimal effort. Due to the automated nature of Turbo Loans, users simply press a button as opposed to the time consuming manual process of chain loans before.
YouHodler’s Turbo Loan feature is officially available to use today. To get started on your chain of loans, visit YouHodler.com.