Find Hodlnaut Price – Loans

Looking for Hodlnaut Price…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 requested, in this video, we will be comparing the business model of specific platforms, the return rates, the trustworthiness and track record, usability of their apps and we will also talk about some of the threats that you must think about when depositing your crypto on one of these platforms.

 

Let’s first provide you a short intro to every platform prior to 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 uses its services worldwide, however, they are currently not releasing loans in the United States due to local guidelines.

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The platform offers crypto-backed loans in 47 US states and their crypto interest account is available worldwide with exception of sanctioned countries. Nexo is another European platform that provides crypto enthusiasts the choice to make interest not only on their coins but also fiat deposits. Nexo is in truth, one of only 2, to us understood, crypto financing 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 also takes a cut from the interest that is being paid by the customers. That’s at least our interpretation from Nexo’s company design as the platform doesn’t have A dedicated 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 specific limits and terms when it comes to offering interest on your coins. You are only able to earn 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 uses greater rewards for those who want to receive the interest in the native NEXO tokens rather of the deposited currency. 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. Hodlnaut Price

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The platform is not transparent when it comes 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 out that the platform is not lucrative. BlockFi is also financed by many institutional investors and the platform is generally targeting the United States market. According to our research, it appears like he has actually moved to Switzerland to release his crypto loaning platform YouHodler in 2017.

 

deposit quantity as compared to the users on the Celsius Network. We are not delighted about Nexo’s reporting requirements as we have explained 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 5 months later on, the platform claims to manage $12B from 1.5 M users, which we think is a bit of a steep growth even if we consider the hype in the crypto space. So what about Nexo’s management? Nexo is co-founded by Antoni Trenchev and Kosta Kantchev. Based upon our research study, Antoni was a Bulgarian political leader with experience in the fashion Retail industry. On his LinkedIn profile, he describes Nexo as the leading regulated banks for digital assets. I would be really 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. During our research, we discovered connections to Bulgaria, Estonia, the UK, and the Cayman Islands but their legal address is nowhere to be discovered on the site. The 2nd co-founder of Nexo is Kosta Kantchev who likewise established Credissimo, a Bulgarian payday advance loan company that apparently is financing Nexo. According to our current 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 previously the executive director at TrustBuddy, a Swedish p2p lending platform, which is understood for the “misuse of clients cash”. Also when examining a few of Nexo’s remarks from the CEO

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Nexo is the only platform that offers interest on fiat. Now that we have examined some of the track records of the 4 discussed platforms, let’s briefly go over the use of every crypto financing website. While the crypto loans on BlockFi are only available to U.S. people, the platform is also working on a Bitcoin benefits credit card which will be completing with the credit card from Crypto.com YouHodler uses some of the most advanced services among the crypto financing platforms.

 

YouHodler is likewise one of the platforms with flexible loan terms and an optimum LTV of 90%. Now you have a truly solid idea of what every crypto financing platform is using. What you ought to think about however, is that as quickly as you deposit your crypto on any platform, you are not owning your private keys any longer and your assets may get jeopardized either by third celebrations or by the platform itself. Hodlnaut Price

 

The only method to secure your crypto is to save it on a dedicated hardware wallet like this one from Trezor. The disadvantage of this technique is that you will just benefit from the increased value of your coin however 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 an appearance at our independent rankings of every category for every platform.