Find Cryptocurrency Exchange Platform White Label – Loans

Looking for Cryptocurrency Exchange Platform White Label…Many of you have requested a comparison between Celsius, BlockFi, YouHodler, and Nexo which are all platforms that permit you to earn interest on your stablecoins and cryptocurrencies. As requested, in this video, we will be comparing the business model of specific platforms, the return rates, the credibility and track record, usability of their apps and we will likewise talk about some of the risks that you need to consider when transferring your crypto on one of these platforms.

 

Let’s very first offer you a short introduction to every platform before we dive deeper into the comparison. Celsius Network is the fastest-growing crypto lending platform in the world, which was founded in 2017 by Alex Mashinsky. The platform offers its services worldwide, however, they are presently not providing loans in the United States due to regional regulations.

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The platform uses crypto-backed loans in 47 US states and their crypto interest account is available around the world with exception of approved nations. Nexo is another European platform that offers crypto lovers the option to make interest not just on their coins however also fiat deposits. Nexo is in fact, one of just 2, to us known, crypto loaning platforms that use interest on fiat deposits.

 

let’s talk about how they make money in the first place. So Celsius generates income 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 utility token that you can use to increase your rewards on Celsius Network. Another income stream is the rehypothecation which means that Celsius uses the collateral from the customers and releases it in order to produce additional earnings. BlockFi is also generating income through the interest that is being charged to debtors. In addition to that, the platform likewise charges a 2% origination cost for anyone who wishes 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 fees after your one totally free withdrawal per month. And the platform is also planning to launch a BlockFi credit card which will generate another income stream. YouHodler is also generating income from the interest charged to borrowers. In addition to that, there is a small withdrawal fee and charges for additional services such as the Multi HODL tool, which is a feature that lets you leverage 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 likewise makes revenues with their Nexo token. That’s at least our analysis from Nexo’s business model as the platform does not have A devoted section about

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If you are watching this video, you want to make cash 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 only able to earn higher rates if you choose to receive the interest in Celsius’s own energy token.

 

9% per year. What’s worth discussing is that if you want to conserve some charges, and bring more stability into your crypto interest account, you can also transfer the Binance USD coin for which you will not require to pay the large gas cost, as the currency runs on the Binance Smart Chain with method lower fees in contrast to stablecoins that run on the ethereum network. The Binance USD coin is presently just supported on Celsius Network and BlockFi. YouHodler uses presently the most competitive rates for your USDC coins without the requirement to stake the platform’s own energy tokens. You can make 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 uses greater rewards for those who wish 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 keep in mind is that platforms tend to change the rates from time to time, so you can’t really predict the genuine return from your deposits. Keep in mind that by depositing your crypto, the value of the currency might decrease Which will make it hard for you to liquidate your properties if that’s something you would otherwise consider. So now, that you know the returns let’s briefly evaluation the trustworthiness of the platforms and their performance history. Celsius Network is likely the most genuine platform in this space. The creator Alex Mashinsky is a popular entrepreneur. Before introducing the Celsius network, he has co-founded three start-ups worth more than $1 Billion each. On the Celsius App, you are also able to keep an eye on the progress and review some of the statistics. As we are tape-recording this video, there are over 650,000 users and the platform is handling $17 billion worth of properties. Alone in the last 12 months, Celsius has Cryptocurrency Exchange Platform White Label

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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 discover out that the platform is not rewarding. BlockFi is likewise funded by lots of institutional financiers and the platform is generally targeting the US market. According to our research study, it seems like he has moved to Switzerland to launch his crypto financing platform YouHodler in 2017.

 

At the start of January, Nexo had only $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 buzz in the crypto area. 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 recent research, the executive board doesn’t even consist of Antoli, however only Kosta and two other gentlemen, from which one is William Arthur Vesilind who was formerly the executive director at TrustBuddy, a Swedish p2p lending platform, which is known for the “abuse of clients cash”.

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Nexo is the only platform that offers interest on fiat. Now that we have actually evaluated some of the track records of the 4 pointed out platforms, let’s briefly go over the functionality of every crypto financing website. While the crypto loans on BlockFi are just available to U.S. residents, the platform is likewise working on a Bitcoin rewards credit card which will be competing with the credit card from Crypto.com YouHodler offers some of the most sophisticated services amongst the crypto financing platforms.

 

YouHodler is also one of the platforms with versatile loan terms and an optimum LTV of 90%. Now you have a truly strong idea of what every crypto financing platform is using. What you ought to consider though, is that as soon as you transfer your crypto on any platform, you are not owning your personal secrets anymore and your properties might get compromised either by third parties or by the platform itself. Cryptocurrency Exchange Platform White Label

 

The only way to protect your crypto is to store it on a dedicated hardware wallet like this one from Trezor. The disadvantage of this method 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 one of the crypto financing platforms. Based on our thorough comparison, let’s have a look at our independent scores of every classification for every platform.