Looking for Youhodler In Us…Numerous of you have asked for a comparison between Celsius, BlockFi, YouHodler, and Nexo which are all platforms that enable you to make interest on your cryptocurrencies and stablecoins. As requested, in this video, we will be comparing the company model of private platforms, the return rates, the credibility and track record, use of their apps and we will likewise talk about some of the dangers that you must think about when transferring your crypto on one of these platforms.

 

consider subscribing and hit the like button to see more content like this in the future. Let’s first offer you a quick intro to every platform prior to we dive deeper into the contrast. Celsius Network is the fastest-growing crypto loaning platform on the planet, which was founded in 2017 by Alex Mashinsky. Currently, there are over 650,000 users using Celsius Network to take a crypto loan or earn interest on their cryptocurrencies and stablecoins. In total, Celsius handles more than $17 B worth of assets. The platform offers its services worldwide, however, they are presently not providing loans in the United States due to local guidelines. BlockFi is the largest

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rival to Celsius Network. The US-based company has trading and lending licenses in numerous US states. , if you are looking for a wealth-management app for your crypto possessions BlockFi is definitely worth thinking about.. The platform provides crypto-backed loans in 47 US states and their crypto interest account is readily available worldwide with exception of approved nations. YouHodler is likely the most legitimate crypto loaning platform in Europe. The company is registered in Cyprus, with a devoted branch in Switzerland. YouHodler uses really competitive rates on your crypto assets in addition to several other features which you will not find on any other platforms. The platform is available in numerous nations with the exception of Germany and the U.S.A.. So if you reside in the states, you will not be able to utilize YouHodler’s services. Nexo is another European platform that provides crypto lovers the alternative to earn interest not just on their coins but likewise fiat deposits. Nexo remains in truth, one of only 2, to us understood, crypto financing platforms that offer interest on fiat deposits. The platform provides its services worldwide, with exception of Bulgaria and Estonia. Now that you have a short summary of every platform

 

And the platform is also preparing to release a BlockFi credit card which will generate another income stream. Like all the other platforms, Nexo likewise takes a cut from the interest that is being paid by the borrowers. That’s at least our interpretation from Nexo’s business design as the platform does not have A dedicated section about

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this on their site. Now let’s speak about the returns. If you are watching this video, you desire to make cash by transferring your coins on one of the platforms? Prior to we compare the rates, there are a few things that you ought to consider. Every platform has specific limits and terms when it concerns using interest on your coins. For example, Celsius Network alters the rates every week to show the present market scenario. Likewise, you are only able to make higher rates if you choose to get the interest in Celsius’s own utility token. The higher benefit rates are likewise not offered for United States citizens. If you would not want to pay out your rewards in the CEL token, you can presently anticipate to receive 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 upon the number of your properties. The more bitcoin or ethereum you deposit, the less interest you will get. The interest rate for Ethereum varieties between 0.5% and 4.5%, the rate for bitcoin is between 0.5% and 5%, and the rate for the two stablecoins is presently at

 

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 greater rewards for those who desire to get the interest in the native NEXO tokens rather of the deposited currency. What you must keep in mind is that platforms tend to change the rates from time to time, so you can’t really anticipate the genuine return from your deposits. Youhodler In Us

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paid out more than $367 M worth of benefits. While we have not managed to get answers to our questions, the CEO does hold a weekly AMA session where he is attending to the most frequently asked questions, which is something rather rare in this area. The platform is not transparent when it comes to sharing its monetary reports, but with a bit of digging, you can get your hands on the monetary report for 2020, where you will find out that the platform is not successful yet. BlockFi is co-founded by Zac Prince and Flori Marquez. The CEO Zac Prince has more experience within business advancement space instead of the fintech area. BlockFi is also funded by numerous institutional financiers and the platform is mainly targeting the United States market. While you can utilize the crypto interest account worldwide, the crypto loans are offered Only for U.S people as BlockFi has the necessary lending licenses just in the U.S. , if you want to examine BlockFi’s statistics you will not be delighted as there are none readily available.. Some external sources suggest that there are more than 125,000 signed up users, however, we were not able to validate any of those claims directly 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 moved to Switzerland to release his crypto financing platform YouHodler in 2017. I understand that YouHodler has actually been praised by some of you in the discuss previous videos, unfortunately, the platform isn’t openly exposing any monetary reports, nor stats about their user base or assets under YouHodler’s management. This is something you must definitely think about when using YouHodler. Carrying on to Nexo. Nexo claims to manage $12 B worth of assets from more than 1.5 M of users. It would imply that Nexo is twice as big in terms of user base as Celsius with a much lower average if this is right

 

deposit amount as compared to the users on the Celsius Network. We are not delighted about Nexo’s reporting requirements as we have actually mentioned together with other red flags in our previous video. At the beginning of January, Nexo had only $4B under its management from 1 M users, now five months later on, the platform declares to handle $12B from 1.5 M users, which we think is a bit of a steep development even if we consider the hype in the crypto area. What about Nexo’s management? Nexo is co-founded by Antoni Trenchev and Kosta Kantchev. Based on our research, Antoni was a Bulgarian political leader with experience in the fashion Retail market. On his LinkedIn profile, he explains Nexo as the leading controlled financial institution for digital assets. I would be really interested by whom Nexo is regulated, as the business does not have a loaning license in Estonia, where they are a legal entity Nexo Services OU is based. Throughout our research study, we found connections to Bulgaria, Estonia, the UK, and the Cayman Islands however their legal address is nowhere to be discovered on the website. The 2nd co-founder of Nexo is Kosta Kantchev who likewise founded Credissimo, a Bulgarian payday advance loan business that obviously is financing Nexo. According to our recent research study, the executive board doesn’t even consist of Antoli, but just Kosta and 2 other gentlemen, from which one is William Arthur Vesilind who was formerly the executive director at TrustBuddy, a Swedish p2p loaning platform, which is known for the “abuse of customers money”. Also when examining a few of Nexo’s comments from the CEO

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Nexo is the only platform that offers interest on fiat. Now that we have examined some of the track records of the 4 discussed platforms, let’s briefly go over the functionality of every crypto lending website. While the crypto loans on BlockFi are just offered to U.S. citizens, the platform is also working on a Bitcoin rewards credit card which will be completing with the credit card from Crypto.com YouHodler uses some of the most innovative services among the crypto financing platforms.

 

YouHodler is also one of the platforms with flexible loan terms and a maximum LTV of 90%. Now you have a truly solid concept of what every crypto loaning platform is offering. What you must consider however, is that as soon as you transfer your crypto on any platform, you are not owning your private secrets anymore and your assets might get compromised either by 3rd parties or by the platform itself. Youhodler In Us

 

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 save it on a dedicated hardware wallet like this one from Trezor. That’s the very best way to keep your cryptos safe. The disadvantage of this technique is that you will just gain 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 loaning platforms. However, as with any financial investment, it constantly boils down to the risk and return and your risk profile. Based on our extensive comparison, let’s have an appearance at our independent rankings of every classification for every platform. Keep in mind, that we have actually appointed the rankings based upon our own research study. One represents the lowest score while five mean the highest ranking. Within business model classification.

Looking for Youhodler In Us…A number of you have actually asked for a contrast between Celsius, BlockFi, YouHodler, and Nexo which are all platforms that enable you to make interest on your stablecoins and cryptocurrencies. As requested, in this video, we will be comparing business design of individual platforms, the return rates, the credibility and performance history, functionality of their apps and we will likewise talk about a few of the risks that you should think about when depositing your crypto on among these platforms. We will likewise assemble the contrast with our independent score of the just-mentioned categories for each platform. Keep viewing 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 financier

 

Let’s first give you a short intro to every platform prior to we dive deeper into the contrast. Celsius Network is the fastest-growing crypto financing platform in the world, which was founded in 2017 by Alex Mashinsky. The platform offers its services worldwide, nevertheless, they are currently not providing loans in the United States due to local regulations.

youhodler crypto interest loans, platform for users

The platform uses 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 provides crypto enthusiasts the option to earn interest not just on their coins but likewise fiat deposits. Nexo is in reality, one of just 2, to us understood, crypto loaning platforms that offer interest on fiat deposits.

 

let’s speak about how they make money in the first place. So Celsius generates income from the interest they credit the borrowers which are either retail borrowers or organizations, they also generate income from their CEL token which is an utility token that you can utilize to increase your benefits on Celsius Network. Another earnings stream is the rehypothecation which implies that Celsius uses the collateral from the customers and deploys it in order to generate additional earnings. BlockFi is also generating income through the interest that is being credited debtors. In addition to that, the platform likewise charges a 2% origination fee for anyone who wishes to take a loan. Another earnings stream is BlockFi’s exchange feature. The platform earns money from the spread when exchanging currencies. BlockFi likewise charges withdrawal charges after your one totally free withdrawal per month. And the platform is also planning to launch a BlockFi credit card which will produce another earnings stream. YouHodler is also making money from the interest charged to borrowers. In addition to that, there is a small withdrawal charge and charges for additional services such as the Multi HODL tool, which is a function that lets you leverage your crypto properties in exchange for possible returns. Like all the other platforms, Nexo also takes a cut from the interest that is being paid by the debtors. Nexo also makes revenues with their Nexo token. That’s at least our analysis from Nexo’s company model as the platform doesn’t have A dedicated section about

money fees on celsius services priced about stablecoins  profit margin Youhodler In Us

this on their site. Now let’s talk about the returns. If you are seeing this video, you want to earn money by depositing your coins on among the platforms right? Before we compare the rates, there are a couple of things that you must consider. When it comes to offering interest on your coins, every platform has certain limitations and terms. So for instance, Celsius Network changes the rates every week to show the current market circumstance. Likewise, you are only able to earn higher rates if you choose to get the interest in Celsius’s own energy token. The greater benefit rates are likewise not available for US people. If you would not want to pay out your rewards in the CEL token, you can presently expect 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 number of your assets. The more bitcoin or ethereum you deposit, the less interest you will get. The rate of interest for Ethereum ranges in between 0.5% and 4.5%, the rate for bitcoin is between 0.5% and 5%, and the rate for the two stablecoins is currently at

 

9% per year. What’s worth mentioning is that if you wish to conserve some costs, and bring more stability into your crypto interest account, you can likewise deposit the Binance USD coin for which you will not need to pay the large gas fee, as the currency works on the Binance Smart Chain with way lower charges in comparison to stablecoins that work on the ethereum network. The Binance USD coin is currently just supported on Celsius Network and BlockFi. YouHodler uses presently the most competitive rates for your USDC coins without the requirement to stake the platform’s own utility 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 greater rewards for those who want to receive the interest in the native NEXO tokens instead of the deposited currency. The platform uses 6% for non-Nexo token holders on bitcoin and ethereum and 10% on the USDC coin. What you should remember is that platforms tend to adjust the rates from time to time, so you can’t actually anticipate the real return from your deposits. Likewise, bear in mind that by depositing your crypto, the value of the currency might reduce Which will make it hard for you to liquidate your assets if that’s something you would otherwise think about. Now, that you are mindful of the returns let’s briefly review 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 business owner. Before releasing the Celsius network, he has co-founded 3 startups worth more than $1 Billion each. On the Celsius App, you are likewise able to monitor the development and examine some of the stats. As we are recording this video, there are over 650,000 users and the platform is handling $17 billion worth of properties. Alone in the last 12 months, Celsius has Youhodler In Us

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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 likewise financed by numerous institutional investors and the platform is primarily targeting the US market. According to our research, it appears like he has actually moved to Switzerland to launch his crypto financing platform YouHodler in 2017.

 

At the beginning of January, Nexo had only $4B under its management from 1 M users, now 5 months later on, the platform claims to manage $12B from 1.5 M users, which we think is a bit of a high growth even if we consider the buzz in the crypto space. The 2nd co-founder of Nexo is Kosta Kantchev who likewise founded Credissimo, a Bulgarian payday loan company that obviously is funding Nexo. According to our recent research, the executive board doesn’t even include Antoli, however only Kosta and 2 other gentlemen, from which one is William Arthur Vesilind who was formerly the executive director at TrustBuddy, a Swedish p2p loaning platform, which is known for the “misuse of clients money”.

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in the media, he is often only promoting crypto and forecasting rates however lacks any much deeper insights into the crypto financing space or how Nexo is operating. However that’s just our impression from his Bloomberg talks. Also, Nexo is the only platform that uses interest on fiat. According to our understanding, you can not offer 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 understand the legal setup under which Nexo is using its services. So now that we have actually evaluated some of the performance history of the four mentioned platforms, let’s briefly review the usability of every crypto financing site. Celsius has actually started as a native mobile app. The app is well developed and it includes different security functions such as the biometric scan, HODL mode, and 2FA. In the control panel, you are able to see how numerous properties you are holding and what are the presently 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 buy them straight through the app. Note, however, that there might be charges for credit card purchases or SEPA transfers. Celsius Network supports presently 40 digital possessions. BlockiFi makes a less developed impression. The app is very basic and so is the desktop variation of the platform. BlockFi supports currently only 10 digital currencies. The platform likewise provides a dedicated exchange so you can even trade them. We don’t advise this function that much as the exchange rates are not the very best. While the crypto loans on BlockFi are only readily available to U.S. citizens, the platform is likewise working on a Bitcoin rewards credit card which will be taking on the charge card from Crypto.com YouHodler provides a few of the most advanced services among the crypto financing platforms. Currently, the platform supports 18 digital

 

currencies on which you are able to make interest. YouHodler allows you to exchange in between different currencies or deposit fiat via bank wire or other supported payment services. The minimum deposit quantities are very low, so you do not need to transfer hundreds of Dollars or euros to test the platform. The minimum deposit is around 50 EUR or USD worth of cryptocurrency. As YouHodler does not have a banking license, you can only earn interest on your crypto assets. Apart from earning interest on your deposits or exchanging cryptos, YouHodler also offers you the choice to obtain fiat money in exchange for security. The platform presently supports just loans in us euros or dollars. YouHodler is also among the platforms with versatile loan terms and an optimum LTV of 90%. Apart from those services, YouHodler also offers two leveraging tools such as Turbocharged loans and Multi HODL, which appropriate for more opportunistic investors. As the functionality of those functions goes beyond this video, you can find out how it works in our dedicated youhodler evaluation on p2pempire. Nexo’s functionality resembles Celsius Network. Nexo is also using its utility tokens to provide much better rates on loans, greater interests on crypto and fiat deposits, or more totally free withdrawals per month. If you choose to stake your coins or fiat, suggesting you lock your properties for a defined term, you can get a greater interest rate. Like BlockFi, Nexo also provides you to buy, or exchange crypto if you want to hold your properties in different currencies. Now you have a really solid idea of what every crypto financing platform is providing. What you need to think about however, is that as quickly as you transfer your crypto on any platform, you are not owning your personal secrets any longer and your assets might get compromised either by third parties or by the platform itself. It resembles depositing your crypto on the exchange – if you do not own the keys, the coin isn’t technically yours anymore. Platforms like Celsius and BlockFi are extremely clear about the truth that you Youhodler In Us

 

give up your ownership of the possessions as long as you hold them in the platform’s wallet. The only way to safeguard your crypto is to keep it on a dedicated hardware wallet like this one from Trezor. That’s the best method to keep your cryptos safe. The disadvantage of this technique is that you will only take advantage of the increased value of your coin but not the interest on your deposits, which is something you can do on one of the crypto loaning platforms. As with any investment, it constantly comes down to the risk and return and your risk profile. Based on our thorough comparison, let’s have a look at our independent rankings of every category for every platform. Note, that we have designated the ratings based upon our own research. One represents the most affordable rating while 5 represent the highest score. Within the business model category.