The price of bitcoin recently fell below the psychologically important $30,000 level, down from the high of more than $64,000 in April. Regulatory concerns and market dynamics such as backwardation (where futures prices are lower than spot), suggest that institutions are in a risk-off mode when it comes to crypto. Holders of bitcoin and other digital coins will be looking at paper losses. But volumes are weak and volatility is low, suggesting that holders aren’t liquidating their positions – they’re HODLing.
But there are other ways to make money in crypto markets that don’t follow the basic buy-low, sell-high mantra of day traders. Money can still make money, even in falling markets.
YouHodler has a range of products and services that allow crypto holders to monetize their assets, without having to sell out at low prices. These are broadly defined as either passive income or revenue products.
For passive income, YouHodler pays interest on BTC, PAXG, USDC, TUSD, USDT, HUSD, PAX, BNB, HT, XRP, XLM and ETH deposits. If customers don’t have these readily available, they can convert into them from other cryptocurrencies or fiat currencies.
Once funds are deposited into a YouHodler crypto savings account, the first weekly payment period begins. At the end of each week, the earned amount is deposited into the account. In this way, Hodlers can earn 12.3% on EUR, USD and GBP by converting fiat to stablecoins in seconds using the YouHodler platform.
Taking a more active approach, YouHodler’s customers can also take out crypto asset-backed loans that disperse fiat cash while allowing for maintenance, flexibility and overall management. These loans accept the top 30 coins as collateral and have a market-high, loan-to-value ratio of 90%. Customers can raise this capital in EUR, USD, CHF and GBP and withdraw instantly to credit cards or personal banks.
Customers can further maximize their crypto gains by leveraging idle crypto assets through Turbocharge and Mutli HODL.
YouHodler’s Turbocharge service allows users to get a chain of loans, by using borrowed fiat to purchase additional cryptocurrency without commission, and then using that digital currency as collateral for other loans in the chain.
Multi HODL combines the best of both crypto exchanges and CFD trading, providing a platform for those who want to extract profit from market volatility in both directions (up or down) quickly and easily. By anticipating the market’s movements, customers can multiply their crypto by up to 30 times.
All investments and market activities come with risks. Adverse price movements are just a part of life as asset values rise and fall. But in some cases, doing nothing can be equally risky. As the markets mature, there are more and more ways that crypto holders can use their assets to generate returns that don’t just rely on the market’s underlying price movements.
YouHodler is pioneering these potentialities with a product suite that pays.
YouHodler is a customer-centric banking platform that supports the coexistence of crypto and fiat finance by offering a sophisticated range of financial products that help passive asset holders become active market participants. In the process, these customers can escape the shackles of underlying price movements and let their assets do the work for them.