Looking for Youhodler Wallet Italiano…A number 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 business design of private platforms, the return rates, the trustworthiness and track record, usability of their apps and we will also discuss some of the risks that you should consider when depositing your crypto on one of these platforms. We will also round up the comparison with our independent score of the just-mentioned classifications for every single platform. So keep watching up until completion to learn how we scored specific platforms. If you are brand-new to this channel and your goal is to become a more informed P2P investor,
consider subscribing and struck the like button to see more material like this in the future. Let’s very first provide you a short introduction to every platform prior to we dive deeper into the contrast. Celsius Network is the fastest-growing crypto loaning platform worldwide, which was founded in 2017 by Alex Mashinsky. Presently, there are over 650,000 users using Celsius Network to take a crypto loan or make interest on their cryptocurrencies and stablecoins. In overall, Celsius handles more than $17 B worth of possessions. The platform offers its services worldwide, however, they are currently not issuing loans in the United States due to local guidelines. BlockFi is the biggest
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competitor 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 properties 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 most likely the most genuine crypto financing platform in Europe. The company is registered in Cyprus, with a devoted branch in Switzerland. YouHodler offers extremely competitive rates on your crypto possessions along with several other features which you will not discover on any other platforms. The platform is offered in lots of nations with the exception of Germany and the USA. If you live in the states, you will not be able to use YouHodler’s services. Nexo is another European platform that uses crypto lovers the alternative to earn interest not just on their coins but also fiat deposits. Nexo remains in reality, one of only 2, to us understood, crypto lending platforms that provide interest on fiat deposits. The platform provides its services worldwide, with exception of Bulgaria and Estonia. So now that you have a brief introduction of every platform
let’s talk 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 institutions, they also make money from their CEL token which is an utility token that you can use to increase your rewards on Celsius Network. Another income stream is the rehypothecation which indicates that Celsius utilizes the security from the borrowers and deploys it in order to produce extra income. BlockFi is likewise making money through the interest that is being charged to debtors. In addition to that, the platform also charges a 2% origination fee for anyone who wishes to take a loan. Another income stream is BlockFi’s exchange feature. 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 introduce a BlockFi credit card which will create another earnings stream. YouHodler is likewise generating income from the interest charged to borrowers. There is a small withdrawal fee and fees for extra services such as the Multi HODL tool, which is a function that lets you take advantage of your crypto possessions in exchange for potential returns. Like all the other platforms, Nexo also takes a cut from the interest that is being paid by the customers. Nexo likewise makes revenues with their Nexo token. That’s at least our analysis from Nexo’s business model as the platform doesn’t have A devoted area about
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If you are viewing this video, you want to make cash by transferring your coins on one of the platforms? Every platform has certain limitations and terms when it comes to offering interest on your coins. You are only able to make greater rates if you choose to receive the interest in Celsius’s own utility token.
9% each year. What’s worth pointing out is that if you wish to conserve some costs, and bring more stability into your crypto interest account, you can likewise transfer the Binance USD coin for which you will not require to pay the significant gas charge, as the currency runs on the Binance Smart Chain with method lower fees 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 need to stake the platform’s own utility tokens. You can earn 12% interest on your USDC holdings and the platform provides 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 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 must bear 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. Likewise, bear 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. Now, that you are mindful of the returns let’s briefly evaluation the reliability of the platforms and their track record. Celsius Network is most likely the most legitimate platform in this space. The founder Alex Mashinsky is a widely known business owner. Prior to 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 keep an eye on the development and review a few of the statistics. As we are taping 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 Wallet Italiano
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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 successful. BlockFi is also funded by numerous institutional financiers and the platform is generally targeting the United States market. According to our research study, it appears like he has relocated to Switzerland to launch his crypto lending platform YouHodler in 2017.
deposit amount as compared to the users on the Celsius Network. We are not delighted about Nexo’s reporting standards as we have mentioned together with other warnings in our previous video. Also, at the beginning of January, Nexo had only $4B under its management from 1 M users, now 5 months later, the platform claims to manage $12B from 1.5 M users, which we think is a bit of a steep growth even if we think about the buzz in the crypto space. What about Nexo’s management? Nexo is co-founded by Antoni Trenchev and Kosta Kantchev. Based on our research study, Antoni was a Bulgarian politician with experience in the fashion Retail market. On his LinkedIn profile, he explains Nexo as the leading controlled financial institution for digital properties. I would be actually interested by whom Nexo is regulated, as the business doesn’t have a financing license in Estonia, where they are a legal entity Nexo Provider OU is based. Throughout our research study, we discovered connections to Bulgaria, Estonia, the UK, and the Cayman Islands however their legal address is no place to be found on the website. The 2nd co-founder of Nexo is Kosta Kantchev who also founded Credissimo, a Bulgarian payday advance business that obviously is funding Nexo. According to our current research, the executive board doesn’t even consist of 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 known for the “misuse of customers money”. When evaluating some 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 actually examined some of the track records of the four mentioned platforms, let’s briefly go over the functionality of every crypto loaning site. While the crypto loans on BlockFi are only readily available to U.S. people, 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 loaning platforms.
currencies on which you have the ability to make interest. YouHodler enables you to exchange in between different currencies or deposit fiat by means of bank wire or other supported payment services. The minimum deposit quantities are extremely low, so you don’t need to move hundreds of Dollars or euros to check 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 earn interest on your crypto assets. Apart from making interest on your deposits or exchanging cryptos, YouHodler also uses you the choice to borrow fiat money in exchange for security. The platform currently supports just 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 offers two leveraging tools such as Turbocharged loans and Multi HODL, which appropriate for more opportunistic financiers. As the performance of those functions exceeds this video, you can learn how it operates in our devoted youhodler review on p2pempire. Nexo’s usability is similar to Celsius Network. Nexo is also utilizing its utility tokens to provide better rates on loans, greater interests on crypto and fiat deposits, or more free withdrawals monthly. If you choose to stake your coins or fiat, implying you lock your possessions for a specified 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 possessions in different currencies. Now you have a really solid concept of what every crypto lending platform is providing. What you should consider though, is that as quickly as you transfer your crypto on any platform, you are not owning your private keys anymore and your possessions may get compromised either by 3rd 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 any longer. Platforms like Celsius and BlockFi are very clear about the fact that you Youhodler Wallet Italiano
quit your ownership of the assets as long as you hold them in the platform’s wallet. The only way to safeguard your crypto is to store it on a devoted 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 just take advantage of 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. However, as with any financial investment, it constantly boils down to the threat and return and your risk profile. Based on our extensive comparison, let’s have an appearance at our independent rankings of every category for every platform. Keep in mind, that we have assigned the scores based upon our own research study. One represents the lowest score while five stands for the highest ranking. Within the business model classification.