Looking for Youhodler Affiliate…Many of you have requested a comparison in between Celsius, BlockFi, YouHodler, and Nexo which are all platforms that enable you to make interest on your stablecoins and cryptocurrencies. As requested, in this video, we will be comparing the business design of individual platforms, the return rates, the trustworthiness and performance history, functionality of their apps and we will likewise speak about a few of the dangers that you need to consider when depositing your crypto on one of these platforms. We will also assemble the comparison with our independent rating of the just-mentioned classifications for every platform. Keep watching until the end to find out how we scored individual 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 content like this in the future. Let’s first provide you a brief introduction to every platform prior to we dive deeper into the contrast. Celsius Network is the fastest-growing crypto lending platform on the planet, which was founded in 2017 by Alex Mashinsky. Presently, there are over 650,000 users utilizing 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 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 biggest
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rival to Celsius Network. The US-based company has trading and financing licenses in numerous US states. , if you are looking for a wealth-management app for your crypto properties BlockFi is definitely worth thinking about.. The platform provides crypto-backed loans in 47 US states and their crypto interest account is offered worldwide with exception of sanctioned nations. YouHodler is likely the most genuine crypto financing platform in Europe. The company is signed up in Cyprus, with a dedicated branch in Switzerland. YouHodler uses very competitive rates on your crypto possessions as well as numerous other features which you won’t find on any other platforms. The platform is readily available in many nations with the exception of Germany and the U.S.A.. So if you reside in the states, you won’t be able to use YouHodler’s services. Nexo is another European platform that offers crypto lovers the option to earn interest not only on their coins however also fiat deposits. Nexo remains in fact, one of only two, to us understood, crypto loaning platforms that provide interest on fiat deposits. The platform uses its services worldwide, with exception of Bulgaria and Estonia. So now that you have a short summary of every platform
And the platform is likewise preparing to launch a BlockFi credit card which will produce another earnings stream. Like all the other platforms, Nexo also takes a cut from the interest that is being paid by the debtors. That’s at least our interpretation from Nexo’s company design as the platform doesn’t have A dedicated area about
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this on their website. Now let’s talk about the returns. If you are enjoying this video, you desire to make cash by transferring your coins on one of the platforms? Before we compare the rates, there are a couple of things that you should think about. When it comes to using interest on your coins, every platform has specific limitations and terms. For example, Celsius Network changes the rates every week to reflect the existing market scenario. You are only able to make higher rates if you choose to get the interest in Celsius’s own utility token. The greater benefit rates are also not available for US residents. If you would not want to pay 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 upon the number of your assets. The more bitcoin or ethereum you deposit, the less interest you will receive. 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 presently at
You can make 12% interest on your USDC holdings and the platform uses 5.5% on Ethereum and 4.8% on your bitcoin deposits. Nexo is another platform that uses higher benefits for those who want to get the interest in the native NEXO tokens rather of the deposited currency. What you must 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. Youhodler Affiliate
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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 rewarding. BlockFi is also financed by numerous institutional investors and the platform is primarily targeting the US market. According to our research, it seems like he has actually transferred to Switzerland to introduce his crypto loaning 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. At the start 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 think is a bit of a high growth even if we think about the buzz 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 style Retail market. On his LinkedIn profile, he explains Nexo as the leading regulated financial institution for digital assets. I would be truly interested by whom Nexo is controlled, as the company does not have a financing 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 however their legal address is nowhere to be discovered on the website. The 2nd co-founder of Nexo is Kosta Kantchev who likewise founded Credissimo, a Bulgarian payday advance loan company that obviously is funding Nexo. According to our current research study, the executive board doesn’t even include Antoli, but just Kosta and two other gentlemen, from which one is William Arthur Vesilind who was formerly the executive director at TrustBuddy, a Swedish p2p financing platform, which is understood for the “abuse of clients money”. When evaluating 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 evaluated some of the track records of the 4 mentioned platforms, let’s briefly go over the use of every crypto loaning website. While the crypto loans on BlockFi are just available to U.S. citizens, the platform is also working on a Bitcoin rewards credit card which will be competing with the credit card from Crypto.com YouHodler uses some of the most innovative services among the crypto financing platforms.
YouHodler is likewise one of the platforms with flexible loan terms and a maximum LTV of 90%. Now you have a truly solid concept of what every crypto financing platform is providing. What you must think about though, is that as quickly as you deposit your crypto on any platform, you are not owning your private secrets any longer and your assets might get compromised either by 3rd celebrations or by the platform itself. Youhodler Affiliate
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 keep it on a dedicated hardware wallet like this one from Trezor. That’s the best way to keep your cryptos safe. The downside of this method is that you will only 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 lending platforms. But, similar to any financial investment, it constantly boils down to the risk and return and your danger profile. So based upon our extensive contrast, let’s take a look at our independent scores of every classification for each platform. Keep in mind, that we have designated the ratings based upon our own research. One represents the lowest rating while five stands for the greatest rating. Within the business design category.