“Crypto-to-crypto Loans” – Everything You Need to Know

Looking for “Crypto-to-crypto Loans”…Many of you have actually asked for 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 requested, in this video, we will be comparing the company model of private platforms, the return rates, the trustworthiness and track record, usability of their apps and we will likewise talk about some of the dangers that you ought to consider when depositing your crypto on one of these platforms.

 

consider subscribing and hit the like button to see more material like this in the future. 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 loaning platform on the planet, which was founded in 2017 by Alex Mashinsky. Currently, there are over 650,000 users utilizing Celsius Network to earn or take a crypto loan interest on their cryptocurrencies and stablecoins. In overall, Celsius handles more than $17 B worth of properties. The platform provides its services worldwide, however, they are presently not providing loans in the United States due to local guidelines. BlockFi is the biggest

youhodler crypto interest loans, platform for users

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

 

And the platform is also planning to release a BlockFi credit card which will create another earnings stream. Like all the other platforms, Nexo likewise takes a cut from the interest that is being paid by the debtors. That’s at least our analysis from Nexo’s organization design as the platform doesn’t have A dedicated area about

money fees on celsius services priced about stablecoins  profit margin “Crypto-to-crypto Loans”

If you are viewing this video, you want to make cash by transferring 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 make greater rates if you decide to receive the interest in Celsius’s own utility token.

 

You can make 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 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 change the rates from time to time, so you can’t truly forecast the genuine return from your deposits. “Crypto-to-crypto Loans”

bitcoin amount of lending service with value feature trading

paid more than $367 M worth of benefits. While we have not 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 area. The platform is not transparent when it comes to sharing its monetary 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 successful. BlockFi is co-founded by Zac Prince and Flori Marquez. The CEO Zac Prince has more experience within business development area rather than the fintech space. BlockFi is likewise funded by many institutional investors and the platform is mainly targeting the US market. While you can use the crypto interest account worldwide, the crypto loans are available Only for U.S residents as BlockFi has the required lending licenses just in the U.S. If you want to inspect BlockFi’s stats you won’t be happy as there are none readily 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 straight with BlockFi. YouHodler is founded by Ilya Volkov, who brings previous experience from the fintech area in Russia. According to our research, it looks like he has moved to Switzerland to launch his crypto loaning platform YouHodler in 2017. I understand that YouHodler has actually been applauded by a few of you in the comments on previous videos, sadly, the platform isn’t publicly exposing any monetary reports, nor stats about their user base or assets under YouHodler’s management. This is something you need to certainly consider when using YouHodler. Proceeding to Nexo. Nexo claims to manage $12 B worth of assets from more than 1.5 M of users. It would indicate that Nexo is two times as big in terms of user base as Celsius with a much lower average if this is proper

 

deposit quantity as compared to the users on the Celsius Network. We are not thrilled about Nexo’s reporting requirements as we have pointed out together with other red flags in our previous video. At the start of January, Nexo had only $4B under its management from 1 M users, now five months later, the platform declares to manage $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. What about Nexo’s management? Nexo is co-founded by Antoni Trenchev and Kosta Kantchev. Based upon our research, Antoni was a Bulgarian politician with experience in the fashion Retail market. On his LinkedIn profile, he explains Nexo as the leading managed financial institution for digital assets. I would be actually interested by whom Nexo is regulated, as the company doesn’t have a financing license in Estonia, where they are a legal entity Nexo Provider OU is based. Throughout our research, we found connections to Bulgaria, Estonia, the UK, and the Cayman Islands however their legal address is no place to be found on the site. The second co-founder of Nexo is Kosta Kantchev who also founded Credissimo, a Bulgarian payday advance business that apparently is financing Nexo. According to our recent research study, the executive board doesn’t even consist of Antoli, however just 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 known for the “misuse of customers cash”. When evaluating some of Nexo’s remarks from the CEO

turbocharge  stablecoins crypto assets  coins investment profile

 

Nexo is the only platform that provides interest on fiat. Now that we have actually evaluated some of the track records of the four pointed out platforms, let’s briefly go over the usability of every crypto lending website. While the crypto loans on BlockFi are just readily available to U.S. residents, the platform is likewise working on a Bitcoin rewards credit card which will be completing with the credit card from Crypto.com YouHodler offers some of the most innovative services amongst the crypto lending platforms.

 

YouHodler is likewise one of the platforms with flexible loan terms and an optimum LTV of 90%. Now you have an actually solid concept of what every crypto lending platform is providing. What you must think about however, is that as soon as you deposit your crypto on any platform, you are not owning your personal keys anymore and your assets may get compromised either by third parties or by the platform itself. “Crypto-to-crypto Loans”

 

The only method to safeguard your crypto is to keep it on a devoted hardware wallet like this one from Trezor. The disadvantage 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. Based on our extensive contrast, let’s have a look at our independent scores of every classification for every platform.

“Crypto-to-crypto” Loans – Everything You Need to Know

Looking for “Crypto-to-crypto” Loans…Many of you have asked for 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 model of individual platforms, the return rates, the trustworthiness and track record, functionality of their apps and we will also discuss a few of the threats that you ought to 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 each platform. Keep viewing up until the end to discover out how we scored specific platforms. if you are brand-new to this channel and your objective is to become a more informed P2P investor

 

Let’s very first offer you a short 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 founded in 2017 by Alex Mashinsky. The platform provides its services worldwide, however, they are currently not issuing loans in the United States due to local policies.

youhodler crypto interest loans, platform for users

competitor to Celsius Network. The US-based company has trading and loaning licenses in different US states. , if you are looking for a wealth-management app for your crypto possessions BlockFi is definitely worth thinking about.. The platform provides crypto-backed loans in 47 US states and their crypto interest account is readily available around the world with exception of sanctioned countries. YouHodler is likely the most genuine crypto financing platform in Europe. The business is registered in Cyprus, with a dedicated branch in Switzerland. YouHodler offers really competitive rates on your crypto properties in addition to a number of other functions which you will not find 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 won’t be able to utilize YouHodler’s services. Nexo is another European platform that offers crypto lovers the option to make interest not just on their coins however also fiat deposits. Nexo remains in truth, one of just two, to us understood, crypto financing platforms that offer interest on fiat deposits. The platform uses its services worldwide, with exception of Bulgaria and Estonia. Now that you have a quick summary of every platform

 

let’s talk about how they make money in the first place. Celsius makes money from the interest they charge to the debtors which are either retail debtors or institutions, they likewise make 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 means that Celsius uses the collateral from the borrowers and deploys it in order to produce additional earnings. BlockFi is also making money through the interest that is being credited borrowers. In addition to that, the platform also charges a 2% origination cost for anybody who wants to take a loan. Another earnings stream is BlockFi’s exchange function. The platform generates income from the spread when exchanging currencies. BlockFi likewise charges withdrawal charges after your one complimentary withdrawal each month. And the platform is likewise planning to launch a BlockFi credit card which will create another income stream. YouHodler is likewise making money from the interest credited borrowers. In addition to that, there is a little withdrawal charge and charges 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 prospective returns. Like all the other platforms, Nexo likewise takes a cut from the interest that is being paid by the borrowers. Nexo also makes profits with their Nexo token. That’s at least our analysis from Nexo’s organization model as the platform does not have A devoted area about

money fees on celsius services priced about stablecoins  profit margin “Crypto-to-crypto” Loans

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

 

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 offers higher rewards for those who desire to receive the interest in the native NEXO tokens instead of the deposited currency. What you ought to keep in mind is that platforms tend to adjust the rates from time to time, so you can’t truly predict the genuine return from your deposits. “Crypto-to-crypto” Loans

bitcoin amount of lending service with value feature trading

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 also financed 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 financing platform YouHodler in 2017.

 

deposit quantity as compared to the users on the Celsius Network. We are not excited about Nexo’s reporting requirements as we have actually pointed out together with other red flags in our previous video. Likewise, at the start 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 believe is a bit of a high growth even if we think about the buzz in the crypto space. So what about Nexo’s management? Nexo is co-founded by Antoni Trenchev and Kosta Kantchev. Based on our research, Antoni was a Bulgarian politician with experience in the fashion Retail industry. On his LinkedIn profile, he explains Nexo as the leading regulated banks for digital assets. I would be truly interested by whom Nexo is controlled, as the company does not have a lending license in Estonia, where they are a legal entity Nexo Services OU is based. Throughout our research study, we discovered connections to Bulgaria, Estonia, the UK, and the Cayman Islands but their legal address is no place to be discovered on the website. The 2nd co-founder of Nexo is Kosta Kantchev who also founded Credissimo, a Bulgarian payday advance loan company that apparently is financing Nexo. According to our recent research, the executive board does not even consist of Antoli, however just 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 clients cash”. When examining some of Nexo’s comments from the CEO

turbocharge  stablecoins crypto assets  coins investment profile

 

in the media, he is often only promoting crypto and predicting prices however lacks any much deeper insights into the crypto financing space or how Nexo is running. That’s simply our impression from his Bloomberg talks. Likewise, Nexo is the only platform that offers interest on fiat. According to our knowledge, you can not offer interest on fiat deposits unless you have a banking license which Nexo certainly does not have. Although we are not attorneys, we have a hard time to understand the legal setup under which Nexo is offering its services. Now that we have actually examined some of the track records of the four discussed platforms, let’s briefly go over the use of every crypto financing site. Celsius has actually 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. In the control panel, you are able to see how numerous possessions you are holding and what are the presently used rates. You can move and withdraw supported coins however there is no exchange, so if you don’t transfer your cryptos from another wallet, you can buy them directly through the app. Keep in mind, nevertheless, that there might be fees for charge card purchases or SEPA transfers. Celsius Network supports presently 40 digital assets. BlockiFi makes a less industrialized impression. The app is really easy and so 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 don’t advise this function that much as the currency exchange rate are not the best. While the crypto loans on BlockFi are only available to U.S. people, the platform is likewise working on a Bitcoin rewards credit card which will be competing with the charge card from Crypto.com YouHodler uses a few of the most advanced services among the crypto loaning platforms. Presently, the platform supports 18 digital

 

currencies on which you have the ability to earn interest. YouHodler enables 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 don’t require to transfer hundreds of Euros or Dollars 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 only make interest on your crypto possessions. Apart from earning interest on your deposits or exchanging cryptos, YouHodler likewise provides you the option to obtain fiat money in exchange for collateral. The platform presently supports only 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 provides two leveraging tools such as Turbocharged loans and Multi HODL, which are suitable for more opportunistic investors. As the performance of those features goes beyond this video, you can discover how it works in our devoted youhodler evaluation on p2pempire. Nexo’s usability resembles Celsius Network. Nexo is likewise using its energy tokens to use better rates on loans, higher interests on crypto and fiat deposits, or more totally free withdrawals per month. Likewise if you choose to stake your coins or fiat, meaning you lock your assets for a specified term, you can get a higher interest rate. Like BlockFi, Nexo also offers you to buy, or exchange crypto if you wish to hold your properties in numerous currencies. Now you have an actually solid idea of what every crypto financing platform is providing. What you ought to think about though, is that as quickly as you deposit your crypto on any platform, you are not owning your personal keys 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 do not own the keys, the coin isn’t technically yours anymore. Platforms like Celsius and BlockFi are really clear about the fact that you “Crypto-to-crypto” Loans

 

quit your ownership of the possessions as long as you hold them in the platform’s wallet. The only method to protect your crypto is to store it on a devoted hardware wallet like this one from Trezor. That’s the very best method to keep your cryptos safe. The disadvantage 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 one of the crypto loaning platforms. As with any investment, it always comes down to the threat and return and your risk profile. So based upon our in-depth contrast, let’s take a look at our independent ratings of every category for every single platform. Keep in mind, that we have assigned the ratings based upon our own research study. One represents the lowest ranking while five represent the highest score. Within business design classification.

Crypto-to-crypto Loans – Everything You Need to Know

Looking for Crypto-to-crypto Loans…Many of you have requested a comparison 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 service design of private platforms, the return rates, the trustworthiness and track record, functionality of their apps and we will also talk about some of the risks that you need to consider when depositing your crypto on one of these platforms.

 

Let’s very first provide you a short intro to every platform before we dive deeper into the contrast. Celsius Network is the fastest-growing crypto lending platform in the world, which was founded in 2017 by Alex Mashinsky. The platform uses its services worldwide, however, they are currently not providing loans in the United States due to local policies.

youhodler crypto interest loans, platform for users

The platform offers crypto-backed loans in 47 US states and their crypto interest account is offered worldwide with exception of sanctioned countries. Nexo is another European platform that uses crypto lovers the choice to make interest not only on their coins but likewise fiat deposits. Nexo is in truth, one of only 2, to us understood, crypto financing platforms that use interest on fiat deposits.

 

let’s talk about how they earn money in the first place. So Celsius earns money from the interest they charge to the debtors which are either retail debtors or institutions, they likewise earn money from their CEL token which is an energy token that you can use to increase your rewards on Celsius Network. Another earnings stream is the rehypothecation which suggests that Celsius uses the collateral from the customers and releases it in order to create extra income. BlockFi is likewise making money 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 earnings stream is BlockFi’s exchange feature. The platform makes money from the spread when exchanging currencies. BlockFi also charges withdrawal charges after your one free withdrawal each month. And the platform is likewise preparing to launch a BlockFi credit card which will generate another income stream. YouHodler is also earning money from the interest credited debtors. There is a small 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 possible returns. Like all the other platforms, Nexo also takes a cut from the interest that is being paid by the debtors. Nexo likewise makes profits with their Nexo token. That’s at least our interpretation from Nexo’s service design as the platform doesn’t have A dedicated section about

money fees on celsius services priced about stablecoins  profit margin Crypto-to-crypto Loans

this on their website. Now let’s talk about the returns. If you are enjoying 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 ought to consider. When it comes to providing interest on your coins, every platform has certain limitations and terms. So for example, Celsius Network alters the rates weekly to reflect the existing market situation. You are only able to earn greater rates if you decide to receive the interest in Celsius’s own energy token. The greater benefit rates are likewise not offered for US citizens. If you would not want to pay your rewards in the CEL token, you can currently 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 properties. The more bitcoin or ethereum you deposit, the less interest you will get. The interest rate for Ethereum ranges 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 greater benefits for those who desire to receive 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 really predict the real return from your deposits. Crypto-to-crypto Loans

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 find out that the platform is not lucrative. BlockFi is also funded by lots of institutional financiers and the platform is primarily targeting the United States market. According to our research, it appears like he has actually relocated to Switzerland to introduce his crypto loaning platform YouHodler in 2017.

 

At the beginning of January, Nexo had just $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 bit of a steep development even if we think about the hype in the crypto area. The second co-founder of Nexo is Kosta Kantchev who also founded Credissimo, a Bulgarian payday loan business that apparently is financing Nexo. According to our recent research, the executive board does not even include Antoli, however just 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 “misuse of customers money”.

turbocharge  stablecoins crypto assets  coins investment profile

 

in the media, he is often only promoting crypto and predicting costs however lacks any deeper insights into the crypto financing area or how Nexo is operating. 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 provide interest on fiat deposits unless you have a banking license which Nexo certainly 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 examined 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 begun as a native mobile app. The app is well established and it features numerous security functions such as the biometric scan, HODL mode, and 2FA. Right in the control panel, you have the ability to see the number of properties you are holding and what are the currently provided rates. You can transfer and withdraw supported coins but there is no exchange, so if you don’t transfer your cryptos from another wallet, you can acquire 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 really basic therefore is the desktop version of the platform. BlockFi supports currently only 10 digital currencies. The platform also uses a dedicated exchange so you can even trade them. We don’t recommend this function that much as the exchange rates are not the very best. While the crypto loans on BlockFi are just available to U.S. residents, the platform is also dealing with a Bitcoin rewards charge card which will be competing with the charge card from Crypto.com YouHodler offers a few 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 permits you to exchange between various currencies or deposit fiat by means of bank wire or other supported payment services. The minimum deposit quantities are really low, so you do not require to move hundreds of Euros or Dollars 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 just make interest on your crypto assets. Apart from earning interest on your deposits or exchanging cryptos, YouHodler likewise uses you the alternative to borrow fiat money in exchange for collateral. The platform currently supports only loans in us euros or dollars. YouHodler is also one of the platforms with flexible loan terms and an optimum LTV of 90%. Apart from those services, YouHodler also offers 2 leveraging tools such as Turbocharged loans and Multi HODL, which appropriate for more opportunistic financiers. As the performance of those features goes beyond this video, you can find out how it works in our devoted youhodler evaluation on p2pempire. Nexo’s use resembles Celsius Network. Nexo is likewise using its energy tokens to use much better rates on loans, greater interests on crypto and fiat deposits, or more complimentary withdrawals monthly. If you choose to stake your coins or fiat, indicating you lock your properties for a specified term, you can get a greater interest rate. Like BlockFi, Nexo also provides you to purchase, or exchange crypto if you want to hold your possessions in numerous currencies. Now you have an actually strong concept of what every crypto loaning platform is offering. What you should consider however, is that as quickly as you transfer your crypto on any platform, you are not owning your personal keys any longer and your properties might get jeopardized either by third parties or by the platform itself. It resembles 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 extremely clear about the reality that you Crypto-to-crypto Loans

 

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 store it on a dedicated hardware wallet like this one from Trezor. That’s the very best way to keep your cryptos safe. The disadvantage of this technique is that you will just benefit from the increased worth of your coin however not the interest on your deposits, which is something you can do on among the crypto financing platforms. As with any financial investment, it always comes down to the risk and return and your threat profile. So based on our in-depth contrast, let’s take a look at our independent ratings of every category for each platform. Keep in mind, that we have actually assigned the rankings based on our own research. One represents the most affordable ranking while five mean the greatest rating. Within the business model classification.