Youhodler Support – Your Answered Faq

Looking for Youhodler Support…Numerous of you have requested a comparison between Celsius, BlockFi, YouHodler, and Nexo which are all platforms that enable you to make interest on your stablecoins and cryptocurrencies. As asked for, in this video, we will be comparing the company model of individual platforms, the return rates, the trustworthiness and track record, usability of their apps and we will likewise talk about some of the threats that you should consider when depositing your crypto on one of these platforms.

 

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

youhodler crypto interest loans, platform for users

rival to Celsius Network. The US-based business has trading and loaning licenses in numerous US states. If you are trying to find a wealth-management app for your crypto assets BlockFi is certainly worth considering. The platform uses crypto-backed loans in 47 US states and their crypto interest account is offered around the world with exception of sanctioned countries. YouHodler is most likely the most legitimate crypto lending platform in Europe. The business is signed up in Cyprus, with a devoted branch in Switzerland. YouHodler uses very competitive rates on your crypto assets along with several other features which you won’t find on any other platforms. The platform is available in numerous countries with the exception of Germany and the U.S.A.. So if you live in the states, you won’t be able to use YouHodler’s services. Nexo is another European platform that offers crypto enthusiasts the alternative to make interest not just on their coins but also fiat deposits. Nexo remains in reality, one of only two, to us known, crypto lending platforms that provide interest on fiat deposits. The platform offers its services worldwide, with exception of Bulgaria and Estonia. So now that you have a brief overview 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 also takes a cut from the interest that is being paid by the customers. That’s at least our interpretation from Nexo’s service design as the platform does not have A devoted area about

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

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

 

9% each year. What deserves discussing is that if you want to save some charges, 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 substantial gas fee, as the currency works on the Binance Smart Chain with method lower costs 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 presently the most competitive rates for your USDC coins without the need 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 provides higher benefits 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 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 may decrease 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 review the trustworthiness of the platforms and their track record. Celsius Network is most likely the most genuine platform in this space. The creator Alex Mashinsky is a widely known entrepreneur. Prior to releasing the Celsius network, he has actually co-founded three start-ups worth more than $1 Billion each. On the Celsius App, you are likewise able to monitor the progress and evaluate some of the statistics. As we are tape-recording this video, there are over 650,000 users and the platform is managing $17 billion worth of assets. Alone in the last 12 months, Celsius has Youhodler Support

bitcoin amount of lending service with value feature trading

paid more than $367 M worth of rewards. 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 unusual in this space. The platform is not transparent when it concerns 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 learn that the platform is not lucrative yet. 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 also financed by lots of institutional financiers and the platform is mainly targeting the US market. While you can use the crypto interest account worldwide, the crypto loans are offered Just for U.S citizens as BlockFi has the required loaning licenses only in the U.S. If you want to check BlockFi’s data you will not enjoy as there are none available. Some external sources recommend that there are more than 125,000 registered users, nevertheless, we were not able to confirm 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 study, it seems like he has moved to Switzerland to release his crypto loaning platform YouHodler in 2017. I know that YouHodler has been applauded by some of you in the comments on previous videos, unfortunately, the platform isn’t publicly revealing any monetary reports, nor statistics about their user base or properties under YouHodler’s management. When utilizing YouHodler, this is something you need to definitely think about. Moving on to Nexo. Nexo claims to handle $12 B worth of properties from more than 1.5 M of users. It would indicate that Nexo is twice as big in terms of user base as Celsius with a much lower average if this is right

 

At the beginning 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 believe is a bit of a steep growth even if we consider the hype in the crypto space. The 2nd co-founder of Nexo is Kosta Kantchev who likewise established Credissimo, a Bulgarian payday loan company that obviously is funding Nexo. According to our current research, the executive board does not even include Antoli, however only Kosta and 2 other gentlemen, from which one is William Arthur Vesilind who was previously the executive director at TrustBuddy, a Swedish p2p financing platform, which is understood for the “misuse of clients cash”.

turbocharge  stablecoins crypto assets  coins investment profile

 

in the media, he is frequently only promoting crypto and anticipating prices but does not have any much deeper insights into the crypto lending space or how Nexo is operating. But that’s just our impression from his Bloomberg talks. Also, Nexo is the only platform that offers 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. Now that we have actually reviewed some of the track records of the four pointed out platforms, let’s briefly go over the functionality of every crypto loaning site. Celsius has actually 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. Right in the dashboard, you have the ability to see the number of properties you are holding and what are the presently provided 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 buy them straight through the app. Keep in mind, however, that there might be fees for charge card purchases or SEPA transfers. Celsius Network supports currently 40 digital properties. BlockiFi makes a less industrialized impression. The app is very easy therefore is the desktop variation of the platform. BlockFi supports currently just 10 digital currencies. The platform also uses a dedicated exchange so you can even trade them. We don’t advise this feature that much as the currency exchange rate 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 rewards charge card which will be competing with the credit card from Crypto.com YouHodler uses some of the most innovative services among the crypto financing platforms. Presently, the platform supports 18 digital

 

currencies on which you have the ability to make interest. YouHodler allows you to exchange between numerous currencies or deposit fiat via bank wire or other supported payment services. The minimum deposit quantities are really low, so you do not need 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 does not have a banking license, you can only earn interest on your crypto properties. Apart from earning interest on your deposits or exchanging cryptos, YouHodler also uses you the option to obtain fiat money in exchange for collateral. The platform currently 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 provides 2 leveraging tools such as Turbocharged loans and Multi HODL, which are suitable for more opportunistic financiers. As the performance of those features surpasses this video, you can learn how it works in our devoted youhodler evaluation on p2pempire. Nexo’s use resembles Celsius Network. Nexo is likewise utilizing its utility tokens to provide better rates on loans, greater interests on crypto and fiat deposits, or more free withdrawals monthly. Also if you choose to stake your coins or fiat, indicating you lock your possessions for a specified term, you can get a greater interest rate. Like BlockFi, Nexo also uses you to buy, or exchange crypto if you wish to hold your properties in numerous currencies. Now you have a really strong concept of what every crypto lending platform is using. What you need to think about though, is that as soon as you deposit your crypto on any platform, you are not owning your private keys any longer and your assets might get compromised either by third parties or by the platform itself. It’s like depositing your crypto on the exchange – if you don’t own the keys, the coin isn’t technically yours any longer. Platforms like Celsius and BlockFi are very clear about the fact that you Youhodler Support

 

quit your ownership of the assets as long as you hold them in the platform’s wallet. The only way 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 drawback of this method is that you will only 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. However, similar to any financial investment, it always boils down to the danger and return and your danger profile. Based on our in-depth comparison, let’s have a look at our independent scores of every classification for every platform. Note, that we have appointed the rankings based upon our own research. One represents the most affordable rating while 5 stands for the greatest ranking. Within business model classification.

Youhodler Support – Your Answered Faq

Looking for Youhodler Support…A number of you have asked for a comparison in between Celsius, BlockFi, YouHodler, and Nexo which are all platforms that allow you to earn interest on your stablecoins and cryptocurrencies. As requested, in this video, we will be comparing business design of specific platforms, the return rates, the credibility and performance history, usability of their apps and we will likewise speak about some of the threats that you should think about when depositing your crypto on one of these platforms. We will likewise round up the comparison with our independent score of the just-mentioned categories for every platform. Keep watching until the end to find out how we scored private platforms. if you are new to this channel and your goal is to become a more educated P2P investor

 

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

youhodler crypto interest loans, platform for users

The platform offers crypto-backed loans in 47 US states and their crypto interest account is available around the world with exception of sanctioned countries. Nexo is another European platform that uses crypto enthusiasts the option to earn interest not only on their coins but also fiat deposits. Nexo is in fact, one of only two, to us understood, crypto lending platforms that offer interest on fiat deposits.

 

let’s speak about how they generate income in the first place. So Celsius makes money from the interest they credit the debtors which are either retail customers or organizations, they also earn money from their CEL token which is an energy token that you can utilize to increase your rewards on Celsius Network. Another income stream is the rehypothecation which suggests that Celsius utilizes the collateral from the debtors and releases it in order to produce additional earnings. BlockFi is likewise making money through the interest that is being charged to borrowers. In addition to that, the platform also charges a 2% origination cost for anybody who wishes to take a loan. Another income stream is BlockFi’s exchange function. The platform makes money from the spread when exchanging currencies. BlockFi also charges withdrawal charges after your one totally free withdrawal monthly. And the platform is also planning to introduce a BlockFi credit card which will generate another income stream. YouHodler is also earning money from the interest charged to customers. In addition to that, there is a little withdrawal cost and costs for additional services such as the Multi HODL tool, which is a feature that lets you utilize your crypto possessions in exchange for prospective returns. Like all the other platforms, Nexo likewise takes a cut from the interest that is being paid by the customers. Nexo likewise makes earnings with their Nexo token. That’s at least our interpretation from Nexo’s company model as the platform doesn’t have A dedicated area about

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

this on their website. Now let’s discuss the returns. If you are seeing this video, you want to make money by depositing your coins on one of the platforms right? Before we compare the rates, there are a few things that you should consider however. Every platform has certain limits and terms when it comes to providing interest on your coins. So for instance, Celsius Network alters the rates weekly to show the existing market scenario. Also, you are just able to earn higher rates if you decide to receive the interest in Celsius’s own utility token. The greater reward rates are also not available for US residents. If you would not wish to pay out your benefits 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 on the number of your assets. The more bitcoin or ethereum you deposit, the less interest you will receive. The interest rate for Ethereum varieties 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

 

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 provides higher rewards for those who want to get the interest in the native NEXO tokens rather of the deposited currency. What you should keep in mind is that platforms tend to adjust the rates from time to time, so you can’t actually predict the genuine return from your deposits. Youhodler Support

bitcoin amount of lending service with value feature trading

paid more than $367 M worth of rewards. 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 space. 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 profitable. BlockFi is co-founded by Zac Prince and Flori Marquez. The CEO Zac Prince has more experience within business development area instead of the fintech space. BlockFi is also funded by numerous institutional financiers and the platform is mainly targeting the US market. While you can use the crypto interest account worldwide, the crypto loans are offered Only for U.S people as BlockFi has the necessary lending licenses only in the U.S. If you wish to examine BlockFi’s statistics you will not enjoy as there are none available. Some external sources suggest that there are more than 125,000 signed up users, however, we were not able to confirm 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 study, it looks like he has relocated to Switzerland to release his crypto financing platform YouHodler in 2017. I know that YouHodler has actually been praised by some of you in the discuss previous videos, sadly, the platform isn’t publicly exposing any financial reports, nor data about their user base or possessions under YouHodler’s management. When using YouHodler, this is something you should definitely consider. Moving on to Nexo. Nexo declares to handle $12 B worth of properties from more than 1.5 M of users. If this is proper, it would imply that Nexo is two times as huge in terms of user base as Celsius with a much lower average

 

At the beginning of January, Nexo had just $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. The second co-founder of Nexo is Kosta Kantchev who likewise established Credissimo, a Bulgarian payday loan company that obviously is financing Nexo. According to our current research study, the executive board doesn’t even include Antoli, but just Kosta and 2 other gentlemen, from which one is William Arthur Vesilind who was previously the executive director at TrustBuddy, a Swedish p2p lending platform, which is understood for the “misuse of customers cash”.

turbocharge  stablecoins crypto assets  coins investment profile

 

in the media, he is typically only promoting crypto and anticipating costs but does not have any deeper insights into the crypto financing space or how Nexo is operating. However that’s just our impression from his Bloomberg talks. Nexo is the only platform that uses interest on fiat. According to our understanding, you can not provide interest on fiat deposits unless you have a banking license which Nexo definitely does not have. Even though we are not lawyers, we struggle 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 functionality of every crypto loaning site. Celsius has actually begun as a native mobile app. The app is well developed and it comes with various security functions such as the biometric scan, HODL mode, and 2FA. In the dashboard, you are able to see how numerous possessions you are holding and what are the presently offered rates. You can withdraw and transfer supported coins however there is no exchange, so if you don’t deposit your cryptos from another wallet, you can purchase them directly through the app. Keep in mind, nevertheless, that there might be fees for charge card purchases or SEPA transfers. Celsius Network supports currently 40 digital assets. BlockiFi makes a less developed impression. The app is extremely easy therefore is the desktop variation of the platform. BlockFi supports currently just 10 digital currencies. The platform likewise provides a devoted 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 offered to U.S. citizens, the platform is also working on a Bitcoin rewards credit card which will be competing with the credit card from Crypto.com YouHodler uses a few of the most sophisticated services amongst the crypto lending 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 really strong idea of what every crypto financing platform is offering. What you should think about however, is that as soon as you deposit your crypto on any platform, you are not owning your private keys anymore and your properties might get jeopardized either by third parties or by the platform itself. Youhodler Support

 

The only method to protect your crypto is to keep it on a devoted hardware wallet like this one from Trezor. The drawback of this method is that you will just benefit from the increased worth of your coin but not the interest on your deposits, which is something you can do on one of the crypto lending platforms. Based on our in-depth contrast, let’s have an appearance at our independent rankings of every classification for every platform.