Find Youhodler Crypto Wealth Management – Loans

Looking for Youhodler Crypto Wealth Management…Many of you have requested a comparison in between Celsius, BlockFi, YouHodler, and Nexo which are all platforms that permit you to make interest on your cryptocurrencies and stablecoins. As asked for, in this video, we will be comparing business design of specific platforms, the return rates, the trustworthiness and track record, use of their apps and we will also discuss some of the threats that you must think about when transferring your crypto on among these platforms. We will also round up the contrast with our independent ranking of the just-mentioned classifications for each platform. So keep watching up until completion to find out how we scored private platforms. if you are brand-new to this channel and your objective is to end up being a more informed P2P investor

 

consider subscribing and hit the like button to see more material like this in the future. Let’s very first offer you a short introduction to every platform prior to we dive deeper into the comparison. Celsius Network is the fastest-growing crypto lending platform worldwide, which was founded in 2017 by Alex Mashinsky. Presently, there are over 650,000 users using Celsius Network to take a crypto loan or earn interest on their stablecoins and cryptocurrencies. In total, Celsius handles more than $17 B worth of properties. The platform provides its services worldwide, nevertheless, they are currently not providing loans in the United States due to regional policies. BlockFi is the biggest

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rival to Celsius Network. The US-based company has trading and lending licenses in different US states. , if you are looking for a wealth-management app for your crypto possessions BlockFi is definitely worth considering.. The platform offers crypto-backed loans in 47 US states and their crypto interest account is offered around the world with exception of sanctioned countries. YouHodler is likely the most legitimate crypto financing platform in Europe. The company is signed up in Cyprus, with a dedicated branch in Switzerland. YouHodler offers very competitive rates on your crypto properties along with several other functions which you will not find on any other platforms. The platform is available in many nations with the exception of Germany and the U.S.A.. So if you reside in the states, you won’t have the ability to use YouHodler’s services. Nexo is another European platform that offers crypto lovers the option to earn interest not just on their coins but likewise fiat deposits. Nexo remains in fact, one of only two, to us known, crypto financing platforms that use interest on fiat deposits. The platform provides its services worldwide, with exception of Bulgaria and Estonia. Now that you have a brief overview 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 organization model as the platform does not have A dedicated area about

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If you are enjoying this video, you want to make money by transferring your coins on one of the platforms? Every platform has certain limits and terms when it comes to offering interest on your coins. You are just able to earn greater rates if you choose to get 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 higher rewards for those who want to receive the interest in the native NEXO tokens rather of the deposited currency. What you should 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. Youhodler Crypto Wealth Management

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paid out more than $367 M worth of benefits. While we have not managed to get answers to our questions, the CEO does hold a weekly AMA session where he is attending to the most frequently asked questions, which is something rather uncommon in this area. The platform is not transparent when it concerns 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 successful yet. BlockFi is co-founded by Zac Prince and Flori Marquez. The CEO Zac Prince has more experience within the business development area rather than the fintech area. BlockFi is also financed by many institutional investors and the platform is primarily targeting the United States market. While you can use the crypto interest account worldwide, the crypto loans are available Only for U.S citizens as BlockFi has the required financing licenses just in the U.S. , if you want to check BlockFi’s data you won’t be pleased as there are none available.. Some external sources suggest that there are more than 125,000 registered users, nevertheless, we were not able to validate any of those claims directly with BlockFi. YouHodler is founded by Ilya Volkov, who brings previous experience from the fintech space in Russia. According to our research study, it seems like he has actually transferred to Switzerland to introduce his crypto loaning platform YouHodler in 2017. I understand that YouHodler has been applauded by some of you in the comments on previous videos, regrettably, the platform isn’t openly revealing any financial reports, nor stats about their user base or properties under YouHodler’s management. When using YouHodler, this is something you ought to certainly think about. Carrying on to Nexo. Nexo declares to handle $12 B worth of properties from more than 1.5 M of users. It would imply that Nexo is two times as big in terms of user base as Celsius with a much lower average if this is proper

 

deposit amount 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 warnings in our previous video. At the beginning of January, Nexo had just $4B under its management from 1 M users, now five months later on, the platform claims to manage $12B from 1.5 M users, which we think is a bit of a high development 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 upon our research, Antoni was a Bulgarian politician with experience in the style Retail market. On his LinkedIn profile, he describes Nexo as the leading regulated financial institution for digital possessions. I would be really interested by whom Nexo is controlled, as the company doesn’t have a lending license in Estonia, where they are a legal entity Nexo Provider OU is based. During our research, we found connections to Bulgaria, Estonia, the UK, and the Cayman Islands however their legal address is nowhere to be found on the website. The second co-founder of Nexo is Kosta Kantchev who likewise established Credissimo, a Bulgarian payday advance business that obviously is financing Nexo. According to our current research study, the executive board doesn’t 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 financing platform, which is known for the “misuse of customers money”. Likewise when reviewing 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 lending website. While the crypto loans on BlockFi are only readily available to U.S. people, 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 innovative services among the crypto loaning platforms.

 

currencies on which you are able to make interest. YouHodler allows you to exchange between numerous currencies or deposit fiat through bank wire or other supported payment services. The minimum deposit quantities are really low, so you don’t require to move hundreds of Euros or Dollars 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 possessions. Apart from making interest on your deposits or exchanging cryptos, YouHodler likewise offers you the alternative to obtain fiat money in exchange for security. The platform currently supports only loans in us dollars or euros. YouHodler is also among the platforms with flexible loan terms and a maximum LTV of 90%. Apart from those services, YouHodler likewise offers two leveraging tools such as Turbocharged loans and Multi HODL, which appropriate for more opportunistic financiers. As the functionality of those functions surpasses this video, you can learn how it works in our dedicated youhodler evaluation on p2pempire. Nexo’s usability is similar to Celsius Network. Nexo is also using its energy tokens to use much better rates on loans, greater interests on crypto and fiat deposits, or more totally free withdrawals each month. If you decide to stake your coins or fiat, suggesting you lock your possessions for a specified term, you can get a higher interest rate. Like BlockFi, Nexo also uses you to purchase, or exchange crypto if you want to hold your possessions in various currencies. Now you have a really solid idea of what every crypto financing platform is using. What you ought to think about though, is that as quickly as you transfer your crypto on any platform, you are not owning your private keys anymore and your assets might get compromised either by third parties or by the platform itself. It’s like depositing your crypto on the exchange – if you don’t own the keys, the coin isn’t technically yours any longer. Platforms like Celsius and BlockFi are very clear about the truth that you Youhodler Crypto Wealth Management

 

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 only benefit from the increased value 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 extensive comparison, let’s have an appearance at our independent rankings of every category for every platform.