How to Get Instant BCH Loan on YouHodler
On the 1st of August, 2017, the Bitcoin Network had a controversial fork. A fork that ultimately led to the creation of a brand new cryptocurrency called Bitcoin Cash (BCH). If you held any Bitcoin at the time of this force, then you instantly received an equivalent amount of BCH after the fork. So what do you do with all this newly acquired crypto? Well, one option is a BCH loan but we’ll get to that later. First, a small introduction.
Bitcoin Cash vs. Bitcoin: what's the difference?
Since the beginning of Bitcoin, there has been a debate amongst the community about the best way to scale BTC to attract more users. The simplest solution was to increase the max block size limit. Bitcoin’s block size limit is one megabyte (around 250,000 transactions per day). Bitcoin Cash, however, decided to raise the limit to 8MB, meaning it can process more than 2 million transactions per day. Ultimately, this means quicker payments and lower fees. Other than that, there is not much of a difference between Bitcoin Cash and Bitcoin but there are plenty of reasons to get a BCH loan.
Pros and cons of BCH: how to get a BCH loan
There are a number of factors that contribute to BCH’s rising value and therefore, help in making it a great choice for a BCH loan. To get the full point of view, let’s see a list of pros and cons.
- Wide acceptance
- Lowers fees
- Faster network speed
- More convenient to mine for solo miners
- Huge blockchain
- Led by Roger Ver and Jihan Wu (meaning two people can control the growth of network)
How to get an instant BCH loan on YouHodler
Many online retailers are starting to accept BCH as a payment option due to its low fees and fast transaction speed. However, there are still plenty of people who prefer to HODL their BCH. For those that want to HODL BCH but still unlock the value of their holdings, then a BCH loan will help you.
Simply head to YouHodler.com and sign up today. A BCH loan can get you up to 90% in cash back. Use this cash to hedge or leverage your portfolio. Alternatively, use it to pay off mining expenses or bills at home. There is no shortage what you can do with a BCH loan on YouHodler.
Visit us today at YouHodler.com to learn more about our solutions for your crypto banking needs.
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