This guide looks at how to borrow against crypto through collateralized loans. How do you repay a crypto loan? What happens if the market plunges? Find out everything you need to know in this step-by-step guide. Here’s how to get a crypto loan in 2025.
KEY TAKEAWAYS
• Crypto loans use your digital currency as collateral instead of physical assets (as is the case with traditional bank loans).
• Getting a crypto loan is straightforward and often will not require a credit check. However, it’s a high risk activity, and should be considered with caution.
• YouHodler is a popular crypto loan platform; users can borrow up to 90% of their crypto’s value.
How to get a crypto loan
Before we dig into the details, here’s a quick summary of the steps required to take out a crypto loan.
- Sign up to a crypto loan platform (YouHodler in this case).
- Fund your account.
- Apply for the loan. Use the platform’s loan calculator to determine your borrowing and repayment terms.
- Check the details and confirm. You can now withdraw your loan.
- Manage your payment and ensure you repay within the specified time limit.
- Repay in full to get your original crypto back.
Now let’s take a closer looks at each step. We will use YouHodler as an example platform to demonstrate the process. You may use any of the lending platforms available today but always do your own research before choosing your preferred lender.
Step 1. Sign up to YouHodler
Here are some key reasons why YouHodler is such a popular lending platform:
• It accepts over 40 different types of cryptocurrencies as collateral for your loan.
• You can borrow up to 90% of your crypto’s value for up to one year.
• You can receive your loan in several currencies like the euro, U.S. dollar, Swiss franc, British pound, or even in stablecoins.
• You have up to one year to repay the loan, giving you some flexibility.
• The lender approves and funds loans instantly, so the whole process is fast and easy.
• YouHodler doesn’t perform credit checks, making it easier for people with all types of credit histories to get a loan.
