Youhodler Investors – Everything You Need to Know

Looking for Youhodler Investors…Many of you have asked for a comparison between Celsius, BlockFi, YouHodler, and Nexo which are all platforms that allow you to make interest on your cryptocurrencies and stablecoins. As asked for, in this video, we will be comparing the business design of specific platforms, the return rates, the reliability and track record, usability of their apps and we will likewise talk about some of the risks that you must think about when depositing your crypto on one of these platforms.

 

think about subscribing and struck the like button to see more content like this in the future. Let’s very first offer you a short intro to every platform before we dive deeper into the comparison. Celsius Network is the fastest-growing crypto lending platform on the planet, which was founded in 2017 by Alex Mashinsky. Currently, there are over 650,000 users using Celsius Network to make or take a crypto loan interest on their cryptocurrencies and stablecoins. In overall, Celsius manages more than $17 B worth of possessions. The platform offers its services worldwide, however, they are presently not providing loans in the United States due to local regulations. BlockFi is the biggest

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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 enthusiasts the option to make interest not just on their coins but also fiat deposits. Nexo is in reality, one of only 2, to us known, crypto lending platforms that use interest on fiat deposits.

 

let’s speak 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 also make cash from their CEL token which is an utility token that you can utilize to increase your benefits on Celsius Network. Another income stream is the rehypothecation which means that Celsius utilizes the collateral from the debtors and deploys it in order to create additional earnings. BlockFi is also earning money through the interest that is being credited debtors. The platform likewise charges a 2% origination cost for anyone who desires to take a loan. Another earnings stream is BlockFi’s exchange feature. The platform generates income from the spread when exchanging currencies. BlockFi likewise charges withdrawal fees after your one free withdrawal per month. And the platform is also planning to release a BlockFi credit card which will generate another earnings stream. YouHodler is also generating income from the interest charged to borrowers. In addition to that, there is a small withdrawal charge and charges for additional services such as the Multi HODL tool, which is a feature that lets you utilize your crypto possessions in exchange for possible returns. Like all the other platforms, Nexo also 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 organization design as the platform doesn’t have A dedicated section about

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

this on their site. Now let’s speak about the returns. If you are enjoying this video, you wish to earn money by depositing your coins on among the platforms right? Prior to we compare the rates, there are a few things that you ought to consider. Every platform has specific limitations and terms when it pertains to offering interest on your coins. For example, Celsius Network changes the rates every week to reflect the existing market circumstance. You are only able to make 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 United States residents. If you would not want to pay out your rewards in the CEL token, you can currently expect 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 possessions. The more bitcoin or ethereum you deposit, the less interest you will get. The rates of interest for Ethereum varieties 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

 

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 benefits for those who desire to receive the interest in the native NEXO tokens rather of the deposited currency. What you ought to keep in mind is that platforms tend to change the rates from time to time, so you can’t actually anticipate the genuine return from your deposits. Youhodler Investors

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paid more than $367 M worth of benefits. While we have not managed to get answers to our concerns, the CEO does hold a weekly AMA session where he is dealing with the most frequently asked questions, which is something rather uncommon in this space. The platform is not transparent when it pertains 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 that the platform is not profitable yet. BlockFi is co-founded by Zac Prince and Flori Marquez. The CEO Zac Prince has more experience within the business development area instead of the fintech space. BlockFi is likewise financed by lots of 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 readily available Just for U.S citizens as BlockFi has the necessary financing licenses just in the U.S. If you want to inspect BlockFi’s data you will not more than happy as there are none readily available. Some external sources recommend that there are more than 125,000 registered users, however, we were unable 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 seems like he has actually moved to Switzerland to introduce 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 openly exposing any monetary reports, nor data about their user base or properties under YouHodler’s management. This is something you need to certainly think about when using YouHodler. Moving on to Nexo. Nexo declares to manage $12 B worth of possessions from more than 1.5 M of users. If this is correct, it would suggest that Nexo is twice as huge in terms of user base as Celsius with a much lower average

 

deposit amount as compared to the users on the Celsius Network. We are not thrilled about Nexo’s reporting standards as we have mentioned together with other warnings in our previous video. At the beginning of January, Nexo had only $4B under its management from 1 M users, now 5 months later on, 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 area. 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 describes Nexo as the leading managed banks for digital properties. I would be actually interested by whom Nexo is managed, as the company does not have a financing license in Estonia, where they are a legal entity Nexo Services OU is based. During our research, we discovered connections to Bulgaria, Estonia, the UK, and the Cayman Islands however their legal address is no place to be discovered on the website. The 2nd co-founder of Nexo is Kosta Kantchev who likewise founded Credissimo, a Bulgarian payday advance loan business that apparently is financing Nexo. According to our current research, the executive board does not even include Antoli, but just Kosta and two 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 “abuse of clients cash”. Also when examining some of Nexo’s remarks from the CEO

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in the media, he is frequently only promoting crypto and forecasting prices however lacks any deeper insights into the crypto loaning space or how Nexo is running. However 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 provide interest on fiat deposits unless you have a banking license which Nexo definitely does not have. Although we are not lawyers, we have a hard time to understand the legal setup under which Nexo is providing its services. Now that we have actually examined some of the track records of the 4 mentioned platforms, let’s briefly go over the functionality of every crypto financing site. Celsius has actually started 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 currently provided rates. You can withdraw and move supported coins but there is no exchange, so if you do not deposit your cryptos from another wallet, you can acquire them directly through the app. Note, however, that there might be fees for credit card purchases or SEPA transfers. Celsius Network supports currently 40 digital assets. BlockiFi makes a less industrialized impression. The app is very simple and so is the desktop version of the platform. BlockFi supports currently only 10 digital currencies. The platform also offers a devoted exchange so you can even trade them. We don’t suggest this feature that much as the exchange rates are not the best. While the crypto loans on BlockFi are only available to U.S. residents, the platform is likewise dealing with a Bitcoin rewards charge 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. Currently, the platform supports 18 digital

 

YouHodler is likewise one of the platforms with flexible loan terms and a maximum LTV of 90%. Now you have an actually strong concept of what every crypto financing platform is providing. What you need to think about though, is that as soon as you transfer your crypto on any platform, you are not owning your private secrets any longer and your assets may get compromised either by 3rd parties or by the platform itself. Youhodler Investors

 

give up your ownership of the assets as long as you hold them in the platform’s wallet. The only method to safeguard your crypto is to keep it on a devoted 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 but not the interest on your deposits, which is something you can do on among the crypto loaning platforms. However, similar to any financial investment, it always comes down to the danger and return and your danger profile. Based on our in-depth comparison, let’s have an appearance at our independent scores of every classification for every platform. Keep in mind, that we have assigned the ratings based upon our own research. One represents the most affordable rating while 5 stands for the greatest rating. Within business model category.