Youhodler Komanda – Your Answered Faq

Looking for Youhodler Komanda…A number of you have requested a comparison in 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 the business design of private platforms, the return rates, the trustworthiness and performance history, usability of their apps and we will also speak about some of the dangers that you should think about when depositing your crypto on among these platforms. We will also assemble the contrast with our independent rating of the just-mentioned categories for each platform. So keep watching up until completion to find out how we scored specific platforms. If you are new to this channel and your objective is to end up being a more informed P2P financier,

 

consider subscribing and hit the like button to see more material like this in the future. Let’s first offer you a quick intro to every platform prior to we dive deeper into the comparison. Celsius Network is the fastest-growing crypto financing platform worldwide, which was founded in 2017 by Alex Mashinsky. Presently, there are over 650,000 users utilizing 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 properties. The platform offers its services worldwide, however, they are currently not providing loans in the United States due to regional regulations. BlockFi is the biggest

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competitor to Celsius Network. The US-based business has trading and loaning licenses in various US states. If you are looking for a wealth-management app for your crypto possessions BlockFi is definitely worth considering. The platform offers crypto-backed loans in 47 US states and their crypto interest account is available worldwide with exception of approved countries. YouHodler is most likely the most legitimate crypto financing platform in Europe. The company is signed up in Cyprus, with a devoted branch in Switzerland. YouHodler offers extremely competitive rates on your crypto properties in addition to numerous other features which you will not discover on any other platforms. The platform is available in many nations with the exception of Germany and the USA. So if you live in the states, you won’t be able to use YouHodler’s services. Nexo is another European platform that uses crypto lovers the alternative to earn interest not only on their coins but likewise fiat deposits. Nexo remains in fact, among only two, to us known, crypto financing platforms that offer interest on fiat deposits. The platform offers its services worldwide, with exception of Bulgaria and Estonia. Now that you have a quick summary of every platform

 

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 debtors or organizations, they also make money from their CEL token which is an energy token that you can utilize to increase your benefits on Celsius Network. Another income stream is the rehypothecation which means that Celsius utilizes the security from the customers and deploys it in order to create additional earnings. BlockFi is likewise making money through the interest that is being credited borrowers. The platform also charges a 2% origination charge for anyone who wants to take a loan. Another income stream is BlockFi’s exchange function. The platform earns money from the spread when exchanging currencies. BlockFi likewise charges withdrawal fees after your one free withdrawal per month. And the platform is likewise planning to launch a BlockFi charge card which will create another earnings stream. YouHodler is likewise making money from the interest charged to borrowers. There is a little withdrawal fee and charges for additional services such as the Multi HODL tool, which is a function that lets you utilize your crypto properties in exchange for potential returns. Like all the other platforms, Nexo also takes a cut from the interest that is being paid by the debtors. Nexo also makes earnings with their Nexo token. That’s at least our analysis from Nexo’s business model as the platform does not have A dedicated area about

money fees on celsius services priced about stablecoins  profit margin Youhodler Komanda

If you are viewing this video, you want to make cash by depositing your coins on one of the platforms? Every platform has specific limitations and terms when it comes to providing interest on your coins. You are only able to earn greater rates if you decide to get the interest in Celsius’s own energy token.

 

9% per year. What deserves pointing out is that if you wish to save some costs, and bring more stability into your crypto interest account, you can likewise deposit the Binance USD coin for which you will not require to pay the large gas cost, as the currency runs on the Binance Smart Chain with way lower costs in contrast to stablecoins that operate on the ethereum network. The Binance USD coin is currently only supported on Celsius Network and BlockFi. YouHodler uses 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 uses 5.5% on Ethereum and 4.8% on your bitcoin deposits. Nexo is another platform that uses greater rewards for those who wish to get 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 should bear in mind is that platforms tend to change the rates from time to time, so you can’t truly anticipate the genuine return from your deposits. Also, remember that by transferring your crypto, the value of the currency might reduce Which will make it hard for you to liquidate your properties if that’s something you would otherwise consider. So now, that you know the returns let’s briefly review the credibility of the platforms and their performance history. Celsius Network is most likely the most genuine platform in this area. The founder Alex Mashinsky is a well-known business owner. Prior to releasing the Celsius network, he has co-founded three start-ups worth more than $1 Billion each. On the Celsius App, you are also able to keep track of the development and evaluate some of the statistics. As we are taping this video, there are over 650,000 users and the platform is managing $17 billion worth of properties. Alone in the last 12 months, Celsius has Youhodler Komanda

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paid out more than $367 M worth of rewards. While we have not managed to get answers to our concerns, the CEO does hold a weekly AMA session where he is dealing with the most frequently asked questions, which is something rather uncommon in this area. The platform is not transparent when it comes to sharing its financial reports, but with a little bit of digging, you can get your hands on the financial report for 2020, where you will find out that the platform is not profitable. BlockFi is co-founded by Zac Prince and Flori Marquez. The CEO Zac Prince has more experience within the business advancement area rather than the fintech space. BlockFi is also financed 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 available Only for U.S residents as BlockFi has the necessary financing licenses just in the U.S. , if you want to inspect BlockFi’s stats 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, 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 area in Russia. According to our research, it appears like he has relocated to Switzerland to launch his crypto financing platform YouHodler in 2017. I know that YouHodler has actually been applauded by a few of you in the talk about previous videos, unfortunately, the platform isn’t publicly exposing any monetary reports, nor data about their user base or possessions under YouHodler’s management. When using YouHodler, this is something you must certainly think about. Proceeding to Nexo. Nexo claims to manage $12 B worth of possessions from more than 1.5 M of users. It would mean that Nexo is two times as huge in terms of user base as Celsius with a much lower average if this is right

 

deposit quantity 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 warnings in our previous video. Likewise, at the beginning of January, Nexo had only $4B under its management from 1 M users, now 5 months later on, the platform declares to handle $12B from 1.5 M users, which we believe is a little a high growth even if we consider the hype in the crypto area. So what about Nexo’s management? Nexo is co-founded by Antoni Trenchev and Kosta Kantchev. Based upon our research, Antoni was a Bulgarian political leader with experience in the style Retail industry. On his LinkedIn profile, he describes Nexo as the leading controlled financial institution for digital possessions. I would be really interested by whom Nexo is controlled, as the business does not have a loaning license in Estonia, where they are a legal entity Nexo Provider OU is based. During our research, we found connections to Bulgaria, Estonia, the UK, and the Cayman Islands however their legal address is no place to be discovered on the site. The 2nd co-founder of Nexo is Kosta Kantchev who also founded Credissimo, a Bulgarian payday advance loan business that obviously is funding Nexo. According to our recent research, the executive board does not 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 loaning platform, which is understood for the “abuse of clients money”. Also when examining a few of Nexo’s remarks from the CEO

turbocharge  stablecoins crypto assets  coins investment profile

 

in the media, he is frequently only promoting crypto and predicting rates but does not have any much deeper insights into the crypto financing space or how Nexo is running. That’s just our impression from his Bloomberg talks. Nexo is the only platform that provides 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. Although we are not attorneys, we have a hard time to comprehend the legal setup under which Nexo is providing its services. Now that we have examined some of the track records of the 4 discussed platforms, let’s briefly go over the usability of every crypto lending site. Celsius has started as a native mobile app. The app is well developed and it comes with different security functions such as the biometric scan, HODL mode, and 2FA. In the dashboard, you are able to see how many possessions you are holding and what are the currently used rates. You can transfer and withdraw supported coins but there is no exchange, so if you do not deposit your cryptos from another wallet, you can purchase them straight through the app. Keep in mind, nevertheless, that there might be fees for credit card purchases or SEPA transfers. Celsius Network supports presently 40 digital possessions. BlockiFi makes a less industrialized impression. The app is really easy therefore is the desktop variation of the platform. BlockFi supports presently just 10 digital currencies. The platform also offers a devoted exchange so you can even trade them. We do not advise this function that much as the exchange rates are not the best. While the crypto loans on BlockFi are only available to U.S. residents, the platform is also working on a Bitcoin benefits charge card which will be taking on the credit card from Crypto.com YouHodler provides some of the most innovative services amongst the crypto loaning platforms. Currently, the platform supports 18 digital

 

currencies on which you are able to make interest. YouHodler allows you to exchange in between various currencies or deposit fiat through bank wire or other supported payment services. The minimum deposit amounts are really low, so you don’t need to move 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 make interest on your crypto assets. Apart from earning interest on your deposits or exchanging cryptos, YouHodler also uses you the alternative to obtain fiat money in exchange for collateral. The platform presently supports only loans in us euros or dollars. YouHodler is likewise one of the platforms with flexible loan terms and a maximum LTV of 90%. Apart from those services, YouHodler also offers two leveraging tools such as Turbocharged loans and Multi HODL, which are suitable for more opportunistic investors. As the performance of those features exceeds this video, you can find out how it operates in our dedicated youhodler evaluation on p2pempire. Nexo’s usability is similar to Celsius Network. Nexo is likewise utilizing its utility tokens to offer much better rates on loans, greater interests on crypto and fiat deposits, or more complimentary withdrawals per month. Also if you decide to stake your coins or fiat, implying you lock your properties for a defined term, you can get a greater rate of interest. Like BlockFi, Nexo likewise uses you to purchase, or exchange crypto if you want to hold your assets in different currencies. Now you have a truly solid concept of what every crypto financing platform is using. What you must think about though, is that as quickly as you transfer your crypto on any platform, you are not owning your personal keys anymore and your possessions may get compromised either by 3rd parties or by the platform itself. It’s like transferring 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 very clear about the fact that you Youhodler Komanda

 

give up your ownership of the possessions as long as you hold them in the platform’s wallet. The only way to protect your crypto is to keep it on a dedicated hardware wallet like this one from Trezor. That’s the very best way to keep your cryptos safe. The downside of this strategy is that you will just take advantage of the increased worth of your coin however not the interest on your deposits, which is something you can do on among the crypto loaning platforms. As with any financial investment, it constantly comes down to the risk and return and your threat profile. Based on our thorough comparison, let’s have a look at our independent ratings of every category for every platform. Note, that we have designated the rankings based upon our own research. One represents the lowest rating while five mean the greatest score. Within business model classification.