Youhodler Team – Your Answered Faq

Looking for Youhodler Team…Numerous of you have actually 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 design of private platforms, the return rates, the trustworthiness and track record, use of their apps and we will also talk about some of the threats that you need to consider when depositing your crypto on one of these platforms.

 

Let’s first give you a brief introduction to every platform before we dive deeper into the contrast. Celsius Network is the fastest-growing crypto lending platform in the world, which was established in 2017 by Alex Mashinsky. The platform provides its services worldwide, nevertheless, they are presently not issuing loans in the United States due to regional 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 nations. Nexo is another European platform that uses crypto lovers the alternative to make interest not just on their coins but also fiat deposits. Nexo is in reality, one of just two, to us known, crypto loaning platforms that provide interest on fiat deposits.

 

And the platform is likewise preparing to launch 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 analysis from Nexo’s business design as the platform doesn’t have A dedicated section about

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

this on their website. Now let’s discuss the returns. If you are seeing this video, you want to make cash by depositing your coins on one of the platforms? Prior to we compare the rates, there are a few things that you need to consider however. Every platform has certain limits and terms when it comes to offering interest on your coins. For example, Celsius Network alters the rates every week to reflect the current market circumstance. You are only able to earn greater rates if you choose to get the interest in Celsius’s own utility token. The higher benefit rates are also not readily available for US residents. If you would not want to pay your benefits 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 upon the number of your assets. The more bitcoin or ethereum you deposit, the less interest you will receive. The rates of interest 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 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 offers higher rewards for those who want to receive the interest in the native NEXO tokens instead of the deposited currency. What you need to keep in mind is that platforms tend to adjust the rates from time to time, so you can’t actually predict the real return from your deposits. Youhodler Team

bitcoin amount of lending service with value feature trading

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 addressing the most frequently asked questions, which is something rather rare in this area. 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 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 business development area instead of the fintech space. BlockFi is likewise financed by many institutional financiers and the platform is mainly targeting the US market. While you can use the crypto interest account worldwide, the crypto loans are readily available Just for U.S residents as BlockFi has the required lending licenses just in the U.S. If you want to examine BlockFi’s stats you won’t more than happy as there are none available. Some external sources suggest that there are more than 125,000 signed up users, nevertheless, we were not able to verify 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 introduce his crypto lending platform YouHodler in 2017. I know that YouHodler has been applauded by a few of you in the discuss previous videos, sadly, the platform isn’t publicly exposing any monetary reports, nor stats about their user base or properties under YouHodler’s management. This is something you ought to certainly consider when using YouHodler. Proceeding to Nexo. Nexo claims to manage $12 B worth of properties from more than 1.5 M of users. If this is correct, it would indicate that Nexo is twice as big in regards to user base as Celsius with a much lower average

 

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 high growth even if we consider the hype in the crypto space. The second co-founder of Nexo is Kosta Kantchev who likewise founded Credissimo, a Bulgarian payday loan company that apparently is financing Nexo. According to our current research, the executive board doesn’t even consist of Antoli, but only Kosta and two 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 “misuse of clients money”.

turbocharge  stablecoins crypto assets  coins investment profile

 

in the media, he is frequently only promoting crypto and predicting prices however lacks any much deeper insights into the crypto financing area or how Nexo is operating. That’s simply our impression from his Bloomberg talks. Nexo is the only platform that provides interest on fiat. According to our knowledge, you can not use interest on fiat deposits unless you have a banking license which Nexo certainly does not have. Even though we are not legal representatives, we struggle to understand the legal setup under which Nexo is offering its services. So now that we have examined a few of the track records of the 4 discussed platforms, let’s briefly go over the usability of every crypto financing website. Celsius has actually started as a native mobile app. The app is well developed and it includes different security features 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 provided rates. You can transfer and withdraw supported coins however there is no exchange, so if you do not transfer your cryptos from another wallet, you can acquire them directly through the app. Note, nevertheless, that there might be costs for charge card purchases or SEPA transfers. Celsius Network supports currently 40 digital possessions. BlockiFi makes a less industrialized impression. The app is extremely easy and so is the desktop variation of the platform. BlockFi supports presently only 10 digital currencies. The platform also uses a dedicated exchange so you can even trade them. We don’t 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. citizens, the platform is likewise working on a Bitcoin rewards credit card which will be competing with the charge card from Crypto.com YouHodler uses some of the most innovative services among the crypto lending platforms. Presently, the platform supports 18 digital

 

currencies on which you are able to earn interest. YouHodler enables you to exchange between numerous currencies or deposit fiat via bank wire or other supported payment services. The minimum deposit amounts are really low, so you don’t require to transfer numerous Dollars or euros to check 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 likewise uses you the option to obtain fiat money in exchange for security. The platform currently 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 provides 2 leveraging tools such as Turbocharged loans and Multi HODL, which appropriate for more opportunistic investors. As the functionality of those features goes beyond this video, you can find out how it operates in our devoted youhodler evaluation on p2pempire. Nexo’s usability resembles Celsius Network. Nexo is likewise using its utility tokens to use better rates on loans, higher interests on crypto and fiat deposits, or more totally free withdrawals monthly. If you choose to stake your coins or fiat, suggesting you lock your assets for a defined term, you can get a higher interest rate. Like BlockFi, Nexo likewise provides you to buy, or exchange crypto if you want to hold your possessions in various currencies. Now you have an actually strong idea of what every crypto loaning platform is offering. What you need to think about however, is that as soon as you deposit your crypto on any platform, you are not owning your private keys any longer and your properties may get jeopardized either by third parties or by the platform itself. It resembles transferring 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 reality that you Youhodler Team

 

quit your ownership of the assets as long as you hold them in the platform’s wallet. The only method to protect 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 downside of this technique 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 loaning platforms. But, just like any financial investment, it always comes down to the risk and return and your threat profile. Based on our extensive contrast, let’s have an appearance at our independent rankings of every classification for every platform. Keep in mind, that we have designated the ratings based upon our own research study. One represents the lowest rating while five represent the highest rating. Within business design classification.

Youhodler Team – Your Answered Faq

Looking for Youhodler Team…Numerous of you have actually requested 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 the business design of individual platforms, the return rates, the credibility and track record, use of their apps and we will also talk about some of the threats that you need to consider 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 first provide you a brief intro to every platform before we dive deeper into the contrast. Celsius Network is the fastest-growing crypto financing platform on the planet, 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 manages more than $17 B worth of properties. The platform provides its services worldwide, nevertheless, they are presently not issuing loans in the United States due to regional guidelines. BlockFi is the largest

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 approved nations. Nexo is another European platform that provides crypto lovers the choice to earn interest not only on their coins but also fiat deposits. Nexo is in fact, one of just 2, to us known, crypto lending platforms that offer interest on fiat deposits.

 

let’s talk about how they earn money in the first place. So Celsius generates income from the interest they charge to the customers which are either retail customers or organizations, they likewise generate income from their CEL token which is an utility token that you can use to increase your benefits on Celsius Network. Another earnings stream is the rehypothecation which indicates that Celsius utilizes the security from the borrowers and releases it in order to generate extra earnings. BlockFi is likewise generating income through the interest that is being credited debtors. In addition to that, the platform also charges a 2% origination cost for anybody who wants to take a loan. Another income stream is BlockFi’s exchange feature. The platform generates income from the spread when exchanging currencies. BlockFi likewise charges withdrawal fees after your one complimentary withdrawal each month. And the platform is also preparing to launch a BlockFi charge card which will create another income stream. YouHodler is likewise generating income from the interest credited debtors. In addition to that, there is a small withdrawal cost and fees for additional services such as the Multi HODL tool, which is a function that lets you utilize your crypto properties in exchange for prospective returns. Like all the other platforms, Nexo likewise takes a cut from the interest that is being paid by the borrowers. Nexo likewise makes earnings with their Nexo token. That’s at least our interpretation from Nexo’s business model as the platform doesn’t have A dedicated section about

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

this on their site. Now let’s speak about the returns. If you are seeing this video, you want to make money by transferring your coins on one of the platforms? Before we compare the rates, there are a couple of things that you should think about however. When it comes to using interest on your coins, every platform has particular limits and terms. For example, Celsius Network alters the rates every week to reflect the existing market scenario. Also, you are only able to make greater rates if you choose to get the interest in Celsius’s own utility token. The higher reward rates are likewise not available for US residents. If you would not want to pay your benefits 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 possessions. 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 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 instead 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 anticipate the genuine return from your deposits. Youhodler Team

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 rare 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 monetary report for 2020, where you will find out that the platform is not rewarding. 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 generally targeting the United States market. While you can utilize the crypto interest account worldwide, the crypto loans are offered Just for U.S citizens as BlockFi has the required financing licenses just in the U.S. , if you want to inspect BlockFi’s statistics you won’t be pleased as there are none available.. Some external sources recommend that there are more than 125,000 signed up users, however, we were not able to confirm any of those claims directly 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 moved to Switzerland to introduce his crypto loaning platform YouHodler in 2017. I know that YouHodler has been praised by a few of you in the discuss previous videos, unfortunately, the platform isn’t publicly exposing any financial reports, nor stats 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 claims to manage $12 B worth of properties from more than 1.5 M of users. If this is appropriate, it would mean that Nexo is twice as big in regards to 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 5 months later, the platform claims to handle $12B from 1.5 M users, which we believe is a bit of a steep development even if we think about the hype in the crypto space. The second co-founder of Nexo is Kosta Kantchev who likewise founded Credissimo, a Bulgarian payday loan business that apparently is funding Nexo. According to our current research, the executive board does not even include Antoli, but only Kosta and two 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 “misuse of clients cash”.

turbocharge  stablecoins crypto assets  coins investment profile

 

in the media, he is frequently only promoting crypto and predicting rates however does not have any much deeper insights into the crypto financing space or how Nexo is running. However that’s simply our impression from his Bloomberg talks. Likewise, Nexo is the only platform that uses 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. Despite the fact that we are not legal representatives, we struggle to comprehend the legal setup under which Nexo is providing its services. So now that we have actually reviewed a few of the track records of the four discussed platforms, let’s briefly review the usability of every crypto loaning site. Celsius has begun as a native mobile app. The app is well developed 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 the number of properties 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. Note, however, that there might be costs for credit card purchases or SEPA transfers. Celsius Network supports currently 40 digital assets. BlockiFi makes a less developed impression. The app is very basic therefore is the desktop version of the platform. BlockFi supports presently just 10 digital currencies. The platform also provides a dedicated exchange so you can even trade them. We do not suggest this feature that much as the exchange rates are not the best. While the crypto loans on BlockFi are just offered to U.S. people, the platform is also working on a Bitcoin rewards credit card which will be taking on the credit card from Crypto.com YouHodler provides some of the most sophisticated services amongst the crypto financing platforms. Currently, the platform supports 18 digital

 

currencies on which you are able to make interest. YouHodler enables you to exchange between numerous currencies or deposit fiat by means of bank wire or other supported payment services. The minimum deposit quantities are very low, so you do not need to move hundreds of Euros or Dollars to test the platform. The minimum deposit is around 50 EUR or USD worth of cryptocurrency. As YouHodler doesn’t have a banking license, you can only make interest on your crypto possessions. Apart from earning interest on your deposits or exchanging cryptos, YouHodler likewise uses you the alternative to borrow fiat money in exchange for security. The platform currently supports only loans in us dollars or euros. YouHodler is likewise 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 are suitable for more opportunistic investors. As the functionality of those functions goes beyond this video, you can discover how it works in our devoted youhodler evaluation on p2pempire. Nexo’s use resembles Celsius Network. Nexo is likewise using its utility tokens to offer better rates on loans, greater interests on crypto and fiat deposits, or more free withdrawals each month. If you choose to stake your coins or fiat, implying you lock your properties for a specified term, you can get a higher interest rate. Like BlockFi, Nexo also offers you to purchase, or exchange crypto if you want to hold your properties in various currencies. Now you have a really strong concept of what every crypto lending platform is using. What you ought to consider however, is that as quickly as you transfer your crypto on any platform, you are not owning your private secrets anymore 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 don’t own the secrets, the coin isn’t technically yours anymore. Platforms like Celsius and BlockFi are extremely clear about the reality that you Youhodler Team

 

quit your ownership of the properties 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 method to keep your cryptos safe. The downside of this technique is that you will only benefit from the increased worth of your coin but not the interest on your deposits, which is something you can do on among the crypto financing platforms. However, similar to any investment, it constantly boils down to the threat and return and your threat 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 actually appointed the rankings based on our own research. One represents the lowest score while 5 mean the highest ranking. Within the business design category.