Youhodler App Not Loading – Everything You Need to Know

Looking for Youhodler App Not Loading…A lot of you have asked for 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 business design of individual platforms, the return rates, the reliability and track record, use of their apps and we will also discuss a few of the dangers that you ought to think about when depositing your crypto on one of these platforms. We will also assemble the contrast with our independent rating of the just-mentioned categories for each platform. Keep watching until the end to find out how we scored specific platforms. if you are new to this channel and your goal is to become a more educated P2P investor

 

consider subscribing and struck the like button to see more material like this in the future. Let’s first give you a quick introduction to every platform prior to 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. Currently, there are over 650,000 users utilizing 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 assets. The platform uses its services worldwide, however, they are presently not providing loans in the United States due to regional guidelines. BlockFi is the largest

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The platform provides crypto-backed loans in 47 US states and their crypto interest account is offered around the world with exception of approved nations. Nexo is another European platform that provides crypto lovers the alternative to make interest not just on their coins but also fiat deposits. Nexo is in truth, one of only two, to us understood, crypto lending platforms that provide 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 customers which are either retail customers 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 suggests that Celsius utilizes the collateral from the borrowers and releases it in order to produce additional income. BlockFi is likewise generating income through the interest that is being credited customers. In addition to that, the platform also charges a 2% origination charge for anyone who wants to take a loan. Another income stream is BlockFi’s exchange function. The platform generates income from the spread when exchanging currencies. BlockFi also charges withdrawal charges after your one complimentary withdrawal per month. And the platform is also preparing to release a BlockFi charge card which will create another earnings stream. YouHodler is likewise making money from the interest charged to debtors. In addition to that, there is a small withdrawal charge and fees for extra services such as the Multi HODL tool, which is a function that lets you utilize your crypto possessions in exchange for prospective returns. Like all the other platforms, Nexo also takes a cut from the interest that is being paid by the customers. Nexo also makes earnings with their Nexo token. That’s at least our interpretation from Nexo’s organization model as the platform doesn’t have A dedicated area about

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this on their site. Now let’s discuss the returns. If you are enjoying this video, you want to make money by transferring your coins on one of the platforms? Prior to we compare the rates, there are a couple of things that you ought to consider though. When it comes to offering interest on your coins, every platform has particular limitations and terms. For example, Celsius Network alters the rates every week to show the present market situation. Also, you are just able to make greater rates if you choose to receive the interest in Celsius’s own utility token. The greater reward rates are also not offered for US citizens. If you would not wish to pay your rewards in the CEL token, you can currently anticipate 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 variety of your properties. The more bitcoin or ethereum you deposit, the less interest you will receive. The interest rate for Ethereum ranges in between 0.5% and 4.5%, the rate for bitcoin is in between 0.5% and 5%, and the rate for the two stablecoins is presently at

 

9% per year. What’s worth mentioning is that if you wish to conserve some fees, and bring more stability into your crypto interest account, you can also deposit the Binance USD coin for which you will not need to pay the hefty gas fee, as the currency operates on the Binance Smart Chain with method lower costs in comparison to stablecoins that operate on the ethereum network. The Binance USD coin is currently just supported on Celsius Network and BlockFi. YouHodler provides presently the most competitive rates for your USDC coins without the requirement to stake the platform’s own utility tokens. 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 uses 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 should bear 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. Keep in mind that by transferring your crypto, the value of the currency might decrease Which will make it hard for you to liquidate your assets if that’s something you would otherwise think about. So now, that you understand the returns let’s briefly review the trustworthiness of the platforms and their track record. Celsius Network is most likely the most legitimate platform in this area. The founder Alex Mashinsky is a widely known entrepreneur. Prior to launching the Celsius network, he has actually co-founded three startups worth more than $1 Billion each. On the Celsius App, you are likewise able to keep track of the progress and review a few of the data. 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 App Not Loading

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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 successful. BlockFi is also financed by many institutional investors and the platform is generally targeting the US market. According to our research, it appears like he has actually transferred 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 thrilled about Nexo’s reporting requirements as we have explained together with other red flags in our previous video. At the beginning of January, Nexo had just $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 believe is a bit of a high growth even if we think about the hype in the crypto space. What about Nexo’s management? Nexo is co-founded by Antoni Trenchev and Kosta Kantchev. Based on our research, Antoni was a Bulgarian political leader with experience in the style Retail industry. On his LinkedIn profile, he describes Nexo as the leading managed financial institution for digital assets. I would be really 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. During our research study, we discovered connections to Bulgaria, Estonia, the UK, and the Cayman Islands but their legal address is nowhere to be found on the website. The second co-founder of Nexo is Kosta Kantchev who also established Credissimo, a Bulgarian payday loan business that apparently is financing Nexo. According to our current research, the executive board doesn’t even consist of Antoli, but 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 “abuse of clients money”. Likewise when examining some of Nexo’s remarks from the CEO

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Nexo is the only platform that provides interest on fiat. Now that we have reviewed some of the track records of the four discussed platforms, let’s briefly go over the use of every crypto lending website. While the crypto loans on BlockFi are only available to U.S. residents, the platform is likewise working on a Bitcoin benefits credit card which will be competing with the credit card from Crypto.com YouHodler uses some of the most advanced services amongst the crypto lending platforms.

 

currencies on which you have the ability to make interest. YouHodler permits you to exchange in between various currencies or deposit fiat through bank wire or other supported payment services. The minimum deposit amounts are very low, so you do not require to move numerous Dollars or euros 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 properties. Apart from making interest on your deposits or exchanging cryptos, YouHodler likewise offers you the choice to obtain fiat money in exchange for collateral. The platform currently supports just loans in us dollars or euros. YouHodler is likewise among the platforms with versatile 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 financiers. As the performance of those features goes beyond this video, you can find out how it works in our dedicated youhodler evaluation on p2pempire. Nexo’s functionality resembles Celsius Network. Nexo is also utilizing its utility tokens to provide much better rates on loans, higher interests on crypto and fiat deposits, or more free withdrawals monthly. Also if you choose to stake your coins or fiat, implying you lock your properties for a specified term, you can get a greater rates of interest. Like BlockFi, Nexo also uses you to buy, or exchange crypto if you want to hold your assets in different currencies. Now you have a really solid concept of what every crypto financing 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 personal keys any longer and your assets might get jeopardized either by 3rd parties or by the platform itself. It resembles transferring 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 extremely clear about the truth that you Youhodler App Not Loading

 

quit your ownership of the properties as long as you hold them in the platform’s wallet. The only way to safeguard your crypto is to save it on a dedicated hardware wallet like this one from Trezor. That’s the best method to keep your cryptos safe. The drawback of this strategy is that you will only take advantage of 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. However, just like any financial investment, it constantly comes down to the danger and return and your threat profile. Based on our in-depth comparison, let’s have an appearance at our independent ratings of every classification for every platform. Note, that we have actually appointed the ratings based on our own research. One represents the lowest rating while 5 represent the highest ranking. Within the business model classification.