I understand a lot of you might be holding NFTs, well now thanks to the team at YouHodler you can get use your Non-Fungible Tokens as Collateral for a fiat or crypto loan! Now that the market turned bearish this might be a good idea for those looking to free some capital without selling their NFTs.
How can you get a loan on YouHodler using NFTs as collateral
If you own an NFT and want to use it as collateral for a loan on YouHodler, please create an account using this link: YouHodler and contact Customer Support, please included in your message
- As much information as possible about your NFT
- Details regarding the loan terms you want (loan currency, loan term, LTV %, etc).
YouHodler will then review the application and if they think your NFT is a good fit, we’ll process your NFT-backed loan.
Fully licensed to accept NFT’s as collateral
For those wondering how YouHodler can accept NFTs as collateral for a loan, remember that YouHodler has an official pawnbroker license from Switzerland. This authorizes them to accept items as collateral in exchange for a loan, just as a pawn shop would accept a piece of valuable art or jewelry as collateral for a cash loan. In this case, that valuable piece of art could come in the form of an NFT, YOUR NFT :)
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