How to get an instant Ethereum Classic (ETC) loan on YouHodler
In terms of Ethereum hard forks, the original Ethereum (ETH) is still the leader in terms of market capitalization. However, there are many strong supports of Etherum Classic (ETC) and the ETC crypto has garnered a lot of international attention lately. So let’s take a look at some details behind the ETC coin and how you how to get an instant ETC loan on YouHodler.
What is Ethereum Classic?
Currently, ETC crypto is a top twenty crypto in the world. ETC price is known to fluctuate, and many believers see it becoming a top-five coin once again soon. Ethereum Classic is unique in terms of its hyper loyal fanbase who have ethical issues with the Ethereum hard fork that had ETH transferring to a new blockchain. Those loyal supporters decided t call the original chain “Ethereum Classic” and that’s where we are left today. Big time “crypto idealists” like CEO of Grayscale Barry Silbert have thrown their support behind ETC but that being said, it’s still not a perfect coin.
The pros and cons of Ethereum Classic; how to get an ETC crypto loan
Pros of Ethereum Classic:
- Loyal and passionate supporter base
- Keeps the true philosophy of blockchain immutability in check
- Backed by big names in the industry with a good reputation
Con of Ethereum Classic:
- Most of the ETC whales have moved to the ETH blockchain
- Members of the ETH community consider ETC an insult
- ETC does not get access to new updates made in the ETH chain (e.g. the shift from POW to POS).
All that being said, an ETC crypto loan is a great way to use your ETC holdings as collateral for fiat to further build your portfolio or just for daily life.
How to get a ETC crypto loan on YouHodler
Regardless of ETC price at the time of reading this, many HODLers believe this crypto is worth holding on to in the future. Hence, an ETC loan is a great way to leverage the value of your ETC coin without having to sell. The process is simple.
Just sign up on YouHodler and pass our quick KYC/AML procedure. After that, deposit ETC into your YouHodler ETC wallet and start a crypto loan. You can choose which fiat currency you’d like to get in exchange for ETC collateral. Options are ETC to USD, ETC to EUR and ETC to GBP.
So stop passively HODLing ETC and make your crypto work for you on YouHodler today.
How to borrow Ethereum Classic - How does it work?
With our Crypto-Backed Loan service, you can borrow BTC, USDT, USD, EUR, GBP, or CHF only. That means if you want to borrow ETC, you first must convert one of the above to fiat and convert it to ETC using our exchange service.
Ethereum Classic loan calculator
You can use our ETC loan calculator with different loan plans to find the best option for you. You can see all parameters on the form such as loan duration, price down limit, and loan repayment. If you want to loan Ethereum Classic, please check the calculator first to see which plan works best for you.
Ethereum Classic lending process
Ethereum Classic lending is easy with YouHodler. Just open and verify your account, deposit your crypto to the wallet and use it as collateral for your future ETC loans.
It's worth trying! Forget selling your
with instant crypto backed loans on YouHodler
If you would like to learn more about crypto credits, please continue to the app. Start boosting your crypto portfolio now with YouHodler's crypto lending, convert, buy and sell options.