How to get an SNX-backed crypto loan
Do you have Synthetix (SNX) crypto but don’t want to sell it? Thankfully, YouHodler makes it easy for you to get instant cash while still HODLing your favorite cryptocurrencies like SNX Here’s how to get started.
STEP 1: DEPOSIT SNX
YouHodler features quick deposit capabilities for all cryptocurrencies. To deposit SNX, just log into your account, find your SNX wallet, click “deposit” and follow the simple instructions.
STEP 2: PICK A CRYPTO LENDING PLAN
YouHodler is all about flexibility. That’s why we have three different loan plans with varying levels of loan to value ratio (LTV) and interest rates. Please pick the best one for you. Custom loan plans are also available upon request.
STEP 3: GET YOUR LOAN
After you choose a plan, click the “Get a loan” button. Within a matter of seconds, you’ll see your loan deposited in your wallet.
STEP 4: USE YOUR CASH
Now it’s time for the best part...use your cash! YouHodler lets you withdraw fiat directly to your bank account so you can use your cash in the “real world.” Alternatively, you can use that cash to buy more crypto right on YouHodler via our conversion engine.
Is my collateral safe with YouHodler?
The short answer is yes, your collateral is safe. YouHodler features high-grade safety and security measures so that your crypto collateral is safe at all times. Read more here
Try to multiply SNX with Multi HODL
Besides using SNX as collateral for an instant crypto loan, YouHodler also helps you multiply SNX via our Multi HODL tool. To begin, simply click the Multi HODL button on your SNX wallet, choose which direction you think SNX will move in on the market (Up or Down), and then set your multiplier level (x5 - x30).
Then, follow the results closely and see if SNX moves in your favor for profit. Manage your open long or short position with “Take Profit” and “Margin Call” features that let you exit the market at the precise time. Discover a quick and easy way to multiply your SNX with Multi HODL.
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.