Looking for Youhodler C’est Quoi…A lot of you have actually asked for a contrast between Celsius, BlockFi, YouHodler, and Nexo which are all platforms that enable you to earn interest on your stablecoins and cryptocurrencies. As asked for, in this video, we will be comparing business design of individual platforms, the return rates, the trustworthiness and performance history, use of their apps and we will also talk about some of the risks that you need to consider when transferring your crypto on among these platforms. We will also round up the contrast with our independent score of the just-mentioned categories for every single platform. So keep watching until completion to find out how we scored specific platforms. If you are new to this channel and your goal is to become a more informed P2P investor,

 

consider subscribing and struck the like button to see more material like this in the future. Let’s very first offer you a brief intro to every platform before we dive deeper into the comparison. Celsius Network is the fastest-growing crypto loaning platform in the world, which was founded in 2017 by Alex Mashinsky. Currently, there are over 650,000 users utilizing Celsius Network to take a crypto loan or earn interest on their cryptocurrencies and stablecoins. In overall, Celsius handles more than $17 B worth of properties. The platform uses its services worldwide, nevertheless, they are currently not releasing loans in the United States due to regional regulations. BlockFi is the biggest

youhodler crypto interest loans, platform for users

The platform uses crypto-backed loans in 47 US states and their crypto interest account is offered worldwide with exception of approved nations. Nexo is another European platform that provides crypto enthusiasts the choice to make interest not just on their coins however likewise fiat deposits. Nexo is in reality, one of just two, to us understood, crypto financing platforms that offer interest on fiat deposits.

 

And the platform is likewise preparing to launch a BlockFi credit card which will create another earnings stream. Like all the other platforms, Nexo also takes a cut from the interest that is being paid by the customers. That’s at least our interpretation from Nexo’s service model as the platform doesn’t have A devoted section about

money fees on celsius services priced about stablecoins  profit margin Youhodler C’est Quoi

If you are seeing this video, you desire to make cash by transferring your coins on one of the platforms? Every platform has particular limitations and terms when it comes to offering interest on your coins. You are only able to earn greater rates if you decide to get the interest in Celsius’s own utility token.

 

9% each year. What’s worth pointing out is that if you want to conserve some fees, and bring more stability into your crypto interest account, you can also transfer the Binance USD coin for which you will not require to pay the hefty gas charge, as the currency works on the Binance Smart Chain with method lower fees in comparison to stablecoins that run on the ethereum network. The Binance USD coin is currently just supported on Celsius Network and BlockFi. YouHodler offers currently the most competitive rates for your USDC coins without the requirement to stake the platform’s own energy tokens. You can earn 12% interest on your USDC holdings and the platform offers 5.5% on Ethereum and 4.8% on your bitcoin deposits. Nexo is another platform that offers higher benefits for those who want to receive the interest in the native NEXO tokens instead of the deposited currency. The platform provides 6% for non-Nexo token holders on bitcoin and ethereum and 10% on the USDC coin. What you must remember is that platforms tend to change the rates from time to time, so you can’t really anticipate the genuine return from your deposits. Keep in mind that by depositing your crypto, the value of the currency may reduce Which will make it hard for you to liquidate your possessions if that’s something you would otherwise consider. Now, that you are aware of the returns let’s briefly evaluation the credibility of the platforms and their track record. Celsius Network is likely the most genuine platform in this area. The founder Alex Mashinsky is a popular entrepreneur. Before releasing the Celsius network, he has actually co-founded three startups worth more than $1 Billion each. On the Celsius App, you are also able to keep an eye on the development and review a few of the stats. As we are recording this video, there are over 650,000 users and the platform is handling $17 billion worth of possessions. Alone in the last 12 months, Celsius has Youhodler C’est Quoi

bitcoin amount of lending service with value feature trading

paid more than $367 M worth of benefits. While we haven’t managed to get answers to our questions, the CEO does hold a weekly AMA session where he is addressing the most frequently asked questions, which is something rather rare in this area. The platform is not transparent when it comes to sharing its financial reports, however with a little bit of digging, you can get your hands on the financial report for 2020, where you will discover out that the platform is not lucrative. BlockFi is co-founded by Zac Prince and Flori Marquez. The CEO Zac Prince has more experience within business advancement area instead of the fintech area. BlockFi is likewise funded by lots of institutional financiers and the platform is primarily targeting the US market. While you can use the crypto interest account worldwide, the crypto loans are available Just for U.S residents as BlockFi has the required loaning licenses only in the U.S. , if you desire to check BlockFi’s statistics you won’t be delighted as there are none available.. Some external sources suggest that there are more than 125,000 registered users, nevertheless, we were unable to validate any of those claims straight with BlockFi. YouHodler is founded by Ilya Volkov, who brings previous experience from the fintech space in Russia. According to our research, it seems like he has relocated to Switzerland to launch his crypto loaning platform YouHodler in 2017. I know that YouHodler has actually been applauded by a few of you in the talk about previous videos, sadly, the platform isn’t openly exposing any monetary reports, nor stats about their user base or properties under YouHodler’s management. When using YouHodler, this is something you ought to definitely think about. Proceeding to Nexo. Nexo claims to manage $12 B worth of possessions from more than 1.5 M of users. If this is right, it would imply that Nexo is twice as big in terms of user base as Celsius with a much lower average

 

deposit quantity as compared to the users on the Celsius Network. We are not delighted about Nexo’s reporting requirements as we have actually explained together with other red flags in our previous video. Likewise, at the start of January, Nexo had just $4B under its management from 1 M users, now five months later on, the platform claims to handle $12B from 1.5 M users, which we think is a bit of a high growth even if we think about the buzz in the crypto area. So what about Nexo’s management? Nexo is co-founded by Antoni Trenchev and Kosta Kantchev. Based on our research, Antoni was a Bulgarian politician with experience in the fashion Retail market. On his LinkedIn profile, he describes Nexo as the leading managed financial institution for digital possessions. I would be truly interested by whom Nexo is managed, as the business does not have a financing license in Estonia, where they are a legal entity Nexo Services OU is based. During our research study, we discovered connections to Bulgaria, Estonia, the UK, and the Cayman Islands but their legal address is no place to be discovered on the website. The 2nd co-founder of Nexo is Kosta Kantchev who likewise founded Credissimo, a Bulgarian payday advance loan company that apparently is funding Nexo. According to our recent research, the executive board doesn’t even include Antoli, but only Kosta and 2 other gentlemen, from which one is William Arthur Vesilind who was formerly the executive director at TrustBuddy, a Swedish p2p financing platform, which is understood for the “misuse of clients cash”. Also when evaluating some of Nexo’s comments from the CEO

turbocharge  stablecoins crypto assets  coins investment profile

 

in the media, he is typically only promoting crypto and predicting rates but lacks any much deeper insights into the crypto loaning area or how Nexo is operating. But that’s just our impression from his Bloomberg talks. Likewise, Nexo is the only platform that provides interest on fiat. According to our understanding, you can not use interest on fiat deposits unless you have a banking license which Nexo definitely does not have. Although we are not legal representatives, we have a hard time to understand the legal setup under which Nexo is using its services. So now that we have examined a few of the track records of the 4 discussed platforms, let’s briefly discuss the usability of every crypto loaning site. Celsius has begun as a native mobile app. The app is well established and it includes various security functions such as the biometric scan, HODL mode, and 2FA. Right in the dashboard, you have the ability to see how many possessions you are holding and what are the currently used rates. You can withdraw and move supported coins but there is no exchange, so if you don’t deposit your cryptos from another wallet, you can acquire them directly through the app. Keep in mind, however, that there might be charges for credit card purchases or SEPA transfers. Celsius Network supports currently 40 digital possessions. BlockiFi makes a less industrialized impression. The app is really basic therefore is the desktop variation of the platform. BlockFi supports presently just 10 digital currencies. The platform likewise offers a dedicated exchange so you can even trade them. We don’t advise this function that much as the currency exchange rate are not the very best. While the crypto loans on BlockFi are just available to U.S. people, the platform is also dealing with a Bitcoin rewards charge card which will be competing with the credit card from Crypto.com YouHodler provides a few of the most innovative services amongst the crypto loaning platforms. Presently, the platform supports 18 digital

 

YouHodler is also one of the platforms with versatile loan terms and a maximum LTV of 90%. Now you have a truly solid concept of what every crypto lending platform is using. What you ought to think about however, is that as soon as you deposit your crypto on any platform, you are not owning your personal secrets any longer and your properties may get jeopardized either by third parties or by the platform itself. Youhodler C’est Quoi

 

quit your ownership of the possessions as long as you hold them in the platform’s wallet. The only method to secure your crypto is to store it on a devoted hardware wallet like this one from Trezor. That’s the best method to keep your cryptos safe. The downside of this strategy is that you will only benefit from the increased value of your coin but not the interest on your deposits, which is something you can do on one of the crypto financing platforms. As with any financial investment, it always comes down to the danger and return and your threat profile. So based on our in-depth contrast, let’s take a look at our independent rankings of every classification for each platform. Keep in mind, that we have actually assigned the ratings based upon our own research study. One represents the lowest rating while five represent the highest score. Within business design category.

Looking for Youhodler C’est Quoi…A number of you have actually asked for a contrast in between Celsius, BlockFi, YouHodler, and Nexo which are all platforms that allow you to make interest on your stablecoins and cryptocurrencies. As requested, in this video, we will be comparing business model of individual platforms, the return rates, the reliability and track record, usability of their apps and we will likewise discuss some of the risks that you ought to consider when transferring your crypto on one of these platforms. We will likewise round up the comparison with our independent rating of the just-mentioned classifications for every platform. Keep watching until the end to discover out how we scored specific platforms. If you are new to this channel and your goal is to become a more informed P2P investor,

 

Let’s very first offer you a brief intro to every platform before we dive deeper into the contrast. Celsius Network is the fastest-growing crypto loaning platform in the world, which was established in 2017 by Alex Mashinsky. The platform uses its services worldwide, nevertheless, they are currently not providing loans in the United States due to local policies.

youhodler crypto interest loans, platform for users

The platform offers crypto-backed loans in 47 US states and their crypto interest account is readily available worldwide with exception of sanctioned countries. Nexo is another European platform that offers crypto lovers the alternative to earn interest not only on their coins however likewise fiat deposits. Nexo is in fact, one of just two, to us known, crypto lending platforms that use interest on fiat deposits.

 

let’s talk about how they generate income in the first place. Celsius makes money from the interest they charge to the customers which are either retail debtors or institutions, they likewise make money from their CEL token which is an energy token that you can utilize to increase your benefits on Celsius Network. Another earnings stream is the rehypothecation which means that Celsius uses the security from the customers and deploys it in order to generate additional earnings. BlockFi is likewise making money through the interest that is being charged to debtors. The platform also charges a 2% origination cost for anybody who wants to take a loan. Another earnings stream is BlockFi’s exchange function. The platform makes money from the spread when exchanging currencies. BlockFi likewise charges withdrawal charges after your one totally free withdrawal each month. And the platform is also preparing to release a BlockFi charge card which will create another income stream. YouHodler is also generating income from the interest credited borrowers. There is a little withdrawal fee and fees for extra services such as the Multi HODL tool, which is a function that lets you take advantage of your crypto possessions in exchange for potential returns. Like all the other platforms, Nexo also takes a cut from the interest that is being paid by the borrowers. Nexo likewise makes profits with their Nexo token. That’s at least our analysis from Nexo’s business model as the platform doesn’t have A devoted section about

money fees on celsius services priced about stablecoins  profit margin Youhodler C’est Quoi

this on their website. Now let’s speak about the returns. If you are viewing this video, you wish to earn money by depositing your coins on one of the platforms right? Prior to we compare the rates, there are a couple of things that you should consider. Every platform has certain limits and terms when it pertains to providing interest on your coins. So for example, Celsius Network alters the rates every week to show the existing market scenario. You are just able to earn higher rates if you decide to receive the interest in Celsius’s own utility token. The higher benefit rates are likewise not readily available for US residents. If you would not want to pay out your benefits in the CEL token, you can presently anticipate to get 5.05% on your Ethereum, 3.51% on your Bitcoin, and 10% interest on your deposits in Binance USD or USDC which is the stablecoin from Coinbase. On BlockFi, the rate for your Ethereum and Bitcoin deposits depends on the variety of your assets. The more bitcoin or ethereum you deposit, the less interest you will get. The rates of interest for Ethereum varieties between 0.5% and 4.5%, the rate for bitcoin is in between 0.5% and 5%, and the rate for the two stablecoins is currently at

 

You can earn 12% interest on your USDC holdings and the platform provides 5.5% on Ethereum and 4.8% on your bitcoin deposits. Nexo is another platform that uses higher benefits for those who desire to get the interest in the native NEXO tokens rather of the deposited currency. What you ought to keep in mind is that platforms tend to change the rates from time to time, so you can’t actually anticipate the real return from your deposits. Youhodler C’est Quoi

bitcoin amount of lending service with value feature trading

The platform is not transparent when it comes to sharing its monetary reports, however with a little bit of digging, you can get your hands on the monetary report for 2020, where you will discover out that the platform is not successful. BlockFi is also financed by lots of institutional investors and the platform is primarily targeting the US market. According to our research, it seems like he has relocated to Switzerland to release his crypto loaning platform YouHodler in 2017.

 

At the start of January, Nexo had only $4B under its management from 1 M users, now 5 months later on, the platform claims to handle $12B from 1.5 M users, which we think is a bit of a steep development even if we consider the buzz in the crypto space. The second co-founder of Nexo is Kosta Kantchev who likewise founded Credissimo, a Bulgarian payday loan business that obviously is funding Nexo. According to our recent research study, the executive board doesn’t even consist of Antoli, however only Kosta and two other gentlemen, from which one is William Arthur Vesilind who was previously the executive director at TrustBuddy, a Swedish p2p loaning platform, which is known for the “misuse of clients cash”.

turbocharge  stablecoins crypto assets  coins investment profile

 

in the media, he is often only promoting crypto and predicting costs but lacks any deeper insights into the crypto financing area or how Nexo is running. That’s simply our impression from his Bloomberg talks. Nexo is the only platform that offers interest on fiat. According to our knowledge, you can not use interest on fiat deposits unless you have a banking license which Nexo definitely does not have. Despite the fact that we are not attorneys, we struggle to comprehend the legal setup under which Nexo is using its services. So now that we have actually examined a few of the track records of the four mentioned platforms, let’s briefly go over the use of every crypto loaning site. Celsius has actually started as a native mobile app. The app is well developed and it features various security functions such as the biometric scan, HODL mode, and 2FA. In the control panel, you are able to see how numerous assets you are holding and what are the presently provided rates. You can withdraw and move supported coins however there is no exchange, so if you don’t transfer your cryptos from another wallet, you can acquire them straight through the app. Keep in mind, however, that there might be charges for credit card purchases or SEPA transfers. Celsius Network supports presently 40 digital assets. BlockiFi makes a less developed impression. The app is very easy and so is the desktop version of the platform. BlockFi supports currently just 10 digital currencies. The platform likewise provides a dedicated exchange so you can even trade them. We don’t recommend this feature that much as the exchange rates are not the very best. While the crypto loans on BlockFi are only available to U.S. residents, the platform is likewise working on a Bitcoin rewards credit card which will be taking on the credit card from Crypto.com YouHodler uses some of the most innovative services amongst the crypto lending platforms. Currently, the platform supports 18 digital

 

YouHodler is also one of the platforms with flexible loan terms and an optimum LTV of 90%. Now you have an actually solid idea of what every crypto lending platform is providing. What you must consider however, is that as soon as you transfer your crypto on any platform, you are not owning your personal keys any longer and your possessions might get compromised either by 3rd parties or by the platform itself. Youhodler C’est Quoi

 

quit your ownership of the possessions as long as you hold them in the platform’s wallet. The only method to safeguard your crypto is to keep it on a dedicated hardware wallet like this one from Trezor. That’s the best way to keep your cryptos safe. The disadvantage of this strategy is that you will just benefit from the increased worth of your coin however not the interest on your deposits, which is something you can do on one of the crypto loaning platforms. As with any financial investment, it constantly comes down to the danger and return and your threat profile. So based on our thorough comparison, let’s have a look at our independent scores of every category for each platform. Keep in mind, that we have assigned the ratings based upon our own research. One represents the most affordable ranking while five represent the greatest score. Within business model classification.