Youhodler Network – Your Answered Faq

Looking for Youhodler Network…Many of you have requested a contrast in between Celsius, BlockFi, YouHodler, and Nexo which are all platforms that permit you to make interest on your stablecoins and cryptocurrencies. As requested, in this video, we will be comparing the business design of specific platforms, the return rates, the reliability and track record, use of their apps and we will also talk about some of the threats that you should 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 give you a short intro to every platform before we dive deeper into the comparison. Celsius Network is the fastest-growing crypto lending platform on the planet, which was founded in 2017 by Alex Mashinsky. Presently, there are over 650,000 users using Celsius Network to earn or take a crypto loan interest on their cryptocurrencies and stablecoins. In total, Celsius handles more than $17 B worth of possessions. The platform offers its services worldwide, however, they are currently not providing loans in the United States due to local guidelines. BlockFi is the biggest

youhodler crypto interest loans, platform for users

competitor to Celsius Network. The US-based business has trading and financing licenses in various US states. , if you are looking for a wealth-management app for your crypto properties BlockFi is certainly worth thinking about.. The platform provides crypto-backed loans in 47 US states and their crypto interest account is available worldwide with exception of sanctioned countries. YouHodler is most likely the most legitimate crypto loaning platform in Europe. The business is signed up in Cyprus, with a devoted branch in Switzerland. YouHodler uses extremely competitive rates on your crypto properties in addition to several other functions which you will not discover on any other platforms. The platform is offered in lots of countries with the exception of Germany and the USA. So if you reside in the states, you won’t have the ability to use YouHodler’s services. Nexo is another European platform that provides crypto lovers the option to make interest not just on their coins however also fiat deposits. Nexo is in reality, one of just two, 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 introduction of every platform

 

let’s speak about how they generate income in the first place. Celsius makes cash from the interest they charge to the borrowers which are either retail borrowers or organizations, they also make money from their CEL token which is an energy token that you can use to increase your benefits on Celsius Network. Another earnings stream is the rehypothecation which implies that Celsius uses the security from the customers and releases it in order to produce extra income. BlockFi is also earning money through the interest that is being charged to borrowers. The platform also charges a 2% origination cost for anybody who desires to take a loan. Another income stream is BlockFi’s exchange function. When exchanging currencies, the platform makes money from the spread. BlockFi also charges withdrawal fees after your one complimentary withdrawal per month. And the platform is also preparing to introduce a BlockFi charge card which will produce another earnings stream. YouHodler is likewise generating income from the interest credited customers. There is a little withdrawal charge and charges for extra services such as the Multi HODL tool, which is a feature that lets you leverage your crypto properties in exchange for potential returns. Like all the other platforms, Nexo likewise takes a cut from the interest that is being paid by the borrowers. Nexo also makes revenues with their Nexo token. That’s at least our analysis from Nexo’s service model as the platform doesn’t have A dedicated section about

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

If you are seeing this video, you want to make money by depositing your coins on one of the platforms? Every platform has specific limitations and terms when it comes to using interest on your coins. You are just able to make higher rates if you decide to receive the interest in Celsius’s own utility token.

 

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 uses higher benefits for those who want to receive the interest in the native NEXO tokens instead 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 truly forecast the real return from your deposits. Youhodler Network

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 concerns, the CEO does hold a weekly AMA session where he is addressing the most frequently asked questions, which is something rather uncommon in this space. The platform is not transparent when it comes to sharing its financial reports, but with a bit of digging, you can get your hands on the financial report for 2020, where you will discover 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 the business advancement space instead of the fintech space. BlockFi is also financed by many institutional financiers and the platform is primarily targeting the United States market. While you can utilize the crypto interest account worldwide, the crypto loans are readily available Just for U.S residents as BlockFi has the necessary financing licenses just in the U.S. , if you desire to inspect BlockFi’s stats you will not be pleased as there are none offered.. Some external sources recommend that there are more than 125,000 signed up users, nevertheless, we were unable to confirm 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 appears like he has actually moved to Switzerland to introduce his crypto lending platform YouHodler in 2017. I understand that YouHodler has been praised by a few of you in the talk about previous videos, regrettably, the platform isn’t openly exposing any financial reports, nor stats about their user base or assets under YouHodler’s management. This is something you must definitely consider when using YouHodler. Moving on to Nexo. Nexo claims to manage $12 B worth of properties from more than 1.5 M of users. It would imply that Nexo is two times as huge in terms of user base as Celsius with a much lower average if this is proper

 

deposit amount as compared to the users on the Celsius Network. We are not thrilled about Nexo’s reporting requirements as we have actually explained together with other warnings in our previous video. 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 high growth even if we think about the hype in the crypto space. 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 fashion Retail market. On his LinkedIn profile, he explains Nexo as the leading controlled financial institution for digital possessions. I would be really interested by whom Nexo is managed, as the company doesn’t have a loaning license in Estonia, where they are a legal entity Nexo Provider OU is based. Throughout our research, we discovered connections to Bulgaria, Estonia, the UK, and the Cayman Islands but their legal address is no place to be found on the site. The 2nd co-founder of Nexo is Kosta Kantchev who also established Credissimo, a Bulgarian payday advance company that obviously is funding Nexo. According to our current research study, the executive board does not even consist of 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 lending platform, which is understood for the “misuse of customers money”. Also when evaluating some of Nexo’s comments from the CEO

turbocharge  stablecoins crypto assets  coins investment profile

 

in the media, he is frequently only promoting crypto and forecasting prices but does not have any much deeper insights into the crypto loaning space or how Nexo is operating. But that’s simply our impression from his Bloomberg talks. Nexo is the only platform that uses interest on fiat. According to our knowledge, you can not provide interest on fiat deposits unless you have a banking license which Nexo certainly does not have. Despite the fact that we are not legal representatives, we have a hard time to comprehend the legal setup under which Nexo is using its services. Now that we have reviewed some of the track records of the 4 mentioned platforms, let’s briefly go over the use of every crypto loaning site. Celsius has actually begun 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 dashboard, you are able to see how numerous assets you are holding and what are the presently provided rates. You can move and withdraw supported coins however there is no exchange, so if you do not transfer your cryptos from another wallet, you can purchase them directly through the app. Note, nevertheless, that there might be fees for credit card purchases or SEPA transfers. Celsius Network supports currently 40 digital possessions. BlockiFi makes a less industrialized impression. The app is very basic therefore is the desktop variation of the platform. BlockFi supports currently only 10 digital currencies. The platform also provides a devoted exchange so you can even trade them. We do not recommend this feature that much as the currency exchange rate are not the best. While the crypto loans on BlockFi are just available to U.S. people, the platform is also working on a Bitcoin rewards charge card which will be competing with the charge card from Crypto.com YouHodler uses a few of the most innovative services amongst the crypto lending platforms. Currently, the platform supports 18 digital

 

currencies on which you have the ability to earn interest. YouHodler allows you to exchange between various currencies or deposit fiat via bank wire or other supported payment services. The minimum deposit quantities are extremely low, so you do not require to transfer hundreds of Dollars or euros to evaluate the platform. The minimum deposit is around 50 EUR or USD worth of cryptocurrency. As YouHodler doesn’t have a banking license, you can just make interest on your crypto possessions. Apart from earning interest on your deposits or exchanging cryptos, YouHodler also uses you the alternative to borrow fiat money in exchange for collateral. The platform presently supports just loans in us dollars or euros. YouHodler is also among the platforms with flexible loan terms and an optimum LTV of 90%. Apart from those services, YouHodler also uses 2 leveraging tools such as Turbocharged loans and Multi HODL, which appropriate for more opportunistic investors. As the functionality of those functions exceeds this video, you can find out how it operates in our devoted youhodler evaluation on p2pempire. Nexo’s functionality is similar to Celsius Network. Nexo is also utilizing its energy tokens to provide much better rates on loans, greater interests on crypto and fiat deposits, or more complimentary withdrawals each month. If you decide to stake your coins or fiat, suggesting you lock your possessions for a defined term, you can get a greater interest rate. Like BlockFi, Nexo also uses you to purchase, or exchange crypto if you want to hold your assets in various currencies. Now you have a truly strong concept of what every crypto financing platform is providing. What you should think about however, is that as soon as you deposit your crypto on any platform, you are not owning your private secrets anymore and your properties might get jeopardized either by 3rd parties or by the platform itself. It resembles depositing your crypto on the exchange – if you don’t own the secrets, the coin isn’t technically yours any longer. Platforms like Celsius and BlockFi are really clear about the truth that you Youhodler Network

 

give up 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 method to keep your cryptos safe. The downside of this technique is that you will just gain from the increased worth of your coin but not the interest on your deposits, which is something you can do on among the crypto lending platforms. But, similar to any financial investment, it always boils down to the danger and return and your danger profile. Based on our extensive contrast, let’s have an appearance at our independent ratings of every classification for every platform. Keep in mind, that we have actually designated the scores based on our own research study. One represents the most affordable score while 5 mean the greatest rating. Within business design category.

Youhodler Network – Your Answered Faq

Looking for Youhodler Network…Numerous of you have actually asked for a comparison between Celsius, BlockFi, YouHodler, and Nexo which are all platforms that permit you to earn interest on your cryptocurrencies and stablecoins. As requested, in this video, we will be comparing the company design of specific platforms, the return rates, the credibility and track record, functionality of their apps and we will also talk about some of the risks that you ought to think about when depositing your crypto on one of these platforms.

 

think about subscribing and hit the like button to see more content like this in the future. So let’s very first provide you a quick intro to every platform prior to we dive deeper into the contrast. Celsius Network is the fastest-growing crypto loaning platform in the world, which was founded in 2017 by Alex Mashinsky. Presently, there are over 650,000 users using Celsius Network to make or take a crypto loan 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 releasing loans in the United States due to local regulations. BlockFi is the biggest

youhodler crypto interest loans, platform for users

rival to Celsius Network. The US-based company has trading and financing licenses in numerous US states. , if you are looking for a wealth-management app for your crypto assets BlockFi is definitely worth thinking about.. The platform uses crypto-backed loans in 47 US states and their crypto interest account is available worldwide with exception of sanctioned nations. YouHodler is most likely the most genuine crypto lending platform in Europe. The business is signed up in Cyprus, with a devoted branch in Switzerland. YouHodler provides really competitive rates on your crypto possessions in addition to numerous other functions which you won’t discover on any other platforms. The platform is available in many nations with the exception of Germany and the U.S.A.. If you live in the states, you won’t be able to use YouHodler’s services. Nexo is another European platform that offers crypto lovers the choice to make interest not only on their coins however also fiat deposits. Nexo is in reality, one of just two, to us known, crypto loaning 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 introduction of every platform

 

let’s talk about how they earn money in the first place. Celsius makes money from the interest they charge to the borrowers which are either retail borrowers or institutions, they also make cash from their CEL token which is an utility token that you can use to increase your benefits on Celsius Network. Another income stream is the rehypothecation which implies that Celsius utilizes the security from the customers and releases it in order to generate additional earnings. BlockFi is likewise generating income through the interest that is being credited debtors. In addition to that, the platform likewise charges a 2% origination fee for anybody who wishes to take a loan. Another earnings stream is BlockFi’s exchange function. When exchanging currencies, the platform makes money from the spread. BlockFi likewise charges withdrawal charges after your one free withdrawal per month. And the platform is also preparing to launch a BlockFi charge card which will create another earnings stream. YouHodler is also making money from the interest charged to debtors. There is a small withdrawal fee and costs for extra services such as the Multi HODL tool, which is a function that lets you utilize your crypto assets in exchange for possible returns. Like all the other platforms, Nexo also takes a cut from the interest that is being paid by the customers. Nexo also makes revenues with their Nexo token. That’s at least our analysis from Nexo’s organization model as the platform doesn’t have A devoted section about

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

If you are seeing this video, you desire to make money by depositing your coins on one of the platforms? Every platform has particular limits and terms when it comes to offering interest on your coins. You are just able to earn higher rates if you choose to get the interest in Celsius’s own utility token.

 

9% annually. What deserves discussing is that if you want 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 require to pay the hefty gas fee, as the currency runs on the Binance Smart Chain with way lower fees in contrast to stablecoins that run on the ethereum network. The Binance USD coin is presently just supported on Celsius Network and BlockFi. YouHodler provides 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 benefits for those who want to receive the interest in the native NEXO tokens instead of the deposited currency. The platform offers 6% for non-Nexo token holders on bitcoin and ethereum and 10% on the USDC coin. What you need to bear in mind is that platforms tend to adjust the rates from time to time, so you can’t truly predict the real return from your deposits. Keep in mind that by depositing your crypto, the value of the currency might decrease Which will make it hard for you to liquidate your possessions if that’s something you would otherwise consider. So now, that you are aware of the returns let’s briefly review the reliability of the platforms and their performance history. Celsius Network is likely the most legitimate platform in this space. The creator Alex Mashinsky is a widely known business owner. Prior to launching the Celsius network, he has co-founded 3 start-ups worth more than $1 Billion each. On the Celsius App, you are likewise able to monitor the progress and evaluate a few of the statistics. As we are tape-recording this video, there are over 650,000 users and the platform is handling $17 billion worth of assets. Alone in the last 12 months, Celsius has Youhodler Network

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 financial report for 2020, where you will discover out that the platform is not profitable. BlockFi is also funded by many institutional financiers and the platform is generally targeting the United States market. According to our research study, it seems like he has actually transferred to Switzerland to launch his crypto loaning platform YouHodler in 2017.

 

At the start of January, Nexo had just $4B under its management from 1 M users, now five months later, the platform claims to handle $12B from 1.5 M users, which we think is a bit of a high development even if we consider the hype in the crypto area. The second co-founder of Nexo is Kosta Kantchev who likewise founded Credissimo, a Bulgarian payday loan business that apparently is financing Nexo. According to our recent research, the executive board doesn’t even consist of 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 known for the “abuse of customers cash”.

turbocharge  stablecoins crypto assets  coins investment profile

 

in the media, he is typically only promoting crypto and predicting rates but lacks any deeper insights into the crypto lending space or how Nexo is operating. That’s simply our impression from his Bloomberg talks. Nexo is the only platform that uses interest on fiat. According to our knowledge, you can not provide interest on fiat deposits unless you have a banking license which Nexo definitely does not have. Despite the fact that we are not lawyers, we have a hard time to understand the legal setup under which Nexo is using its services. So now that we have actually reviewed some of the performance history of the four pointed out platforms, let’s briefly review the use of every crypto loaning site. Celsius has started as a native mobile app. The app is well established and it includes numerous security features such as the biometric scan, HODL mode, and 2FA. Right in the control panel, you are able to see how many assets you are holding and what are the presently provided rates. You can move and withdraw supported coins but there is no exchange, so if you do not transfer your cryptos from another wallet, you can buy them directly through the app. Note, however, that there might be fees for charge card purchases or SEPA transfers. Celsius Network supports currently 40 digital assets. BlockiFi makes a less industrialized impression. The app is extremely easy therefore is the desktop version 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 feature that much as the exchange rates are not the very best. While the crypto loans on BlockFi are just readily available to U.S. citizens, the platform is also dealing with a Bitcoin benefits charge card which will be taking on the charge card from Crypto.com YouHodler uses a few of the most advanced services amongst the crypto loaning platforms. Presently, the platform supports 18 digital

 

currencies on which you are able to earn interest. YouHodler enables you to exchange in between different currencies or deposit fiat through bank wire or other supported payment services. The minimum deposit quantities are extremely low, so you do not require to move hundreds of Dollars or euros to evaluate the platform. The minimum deposit is around 50 EUR or USD worth of cryptocurrency. As YouHodler doesn’t have a banking license, you can just earn interest on your crypto possessions. Apart from making interest on your deposits or exchanging cryptos, YouHodler also provides you the choice to borrow 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 versatile loan terms and a maximum LTV of 90%. Apart from those services, YouHodler also provides two leveraging tools such as Turbocharged loans and Multi HODL, which are suitable for more opportunistic financiers. As the functionality of those features exceeds this video, you can discover how it operates in our dedicated youhodler review on p2pempire. Nexo’s functionality is similar to Celsius Network. Nexo is likewise utilizing its utility tokens to provide much better rates on loans, higher interests on crypto and fiat deposits, or more totally free withdrawals each month. Also if you decide to stake your coins or fiat, meaning you lock your assets for a defined term, you can get a higher interest rate. Like BlockFi, Nexo likewise uses you to buy, or exchange crypto if you want to hold your assets in different currencies. Now you have a truly strong concept of what every crypto loaning platform is using. What you ought to consider though, is that as quickly as you transfer your crypto on any platform, you are not owning your personal keys anymore and your properties may 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 secrets, the coin isn’t technically yours any longer. Platforms like Celsius and BlockFi are really clear about the truth that you Youhodler Network

 

quit your ownership of the properties 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 best way to keep your cryptos safe. The drawback of this method 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 among the crypto loaning platforms. As with any financial investment, it always comes down to the risk and return and your risk profile. So based upon our in-depth comparison, let’s have a look at our independent rankings of every classification for every platform. Note, that we have actually designated the ratings based upon our own research study. One represents the lowest ranking while five stands for the highest ranking. Within business design classification.