Find Youhodler Customer Service – Loans

Looking for Youhodler Customer Service…Numerous of you have actually asked for a comparison in between Celsius, BlockFi, YouHodler, and Nexo which are all platforms that allow you to make interest on your stablecoins and cryptocurrencies. As asked for, in this video, we will be comparing the business model of individual platforms, the return rates, the reliability and track record, functionality of their apps and we will also talk about some of the dangers that you should consider when depositing your crypto on one of these platforms.

 

think about subscribing and hit the like button to see more content like this in the future. Let’s very first offer you a quick introduction to every platform before we dive deeper into the contrast. Celsius Network is the fastest-growing crypto loaning platform on the planet, which was founded in 2017 by Alex Mashinsky. Currently, there are over 650,000 users using Celsius Network to earn or take a crypto loan interest on their cryptocurrencies and stablecoins. In overall, Celsius manages more than $17 B worth of assets. The platform provides its services worldwide, however, they are presently not providing loans in the United States due to regional policies. BlockFi is the largest

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The platform uses 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 offers crypto enthusiasts the option to earn interest not only on their coins however also fiat deposits. Nexo is in fact, one of just two, to us known, crypto loaning platforms that use interest on fiat deposits.

 

And the platform is likewise planning to introduce a BlockFi credit card which will produce another earnings stream. Like all the other platforms, Nexo likewise takes a cut from the interest that is being paid by the customers. That’s at least our analysis from Nexo’s organization design as the platform doesn’t have A devoted section about

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If you are watching this video, you desire to make cash by depositing your coins on one of the platforms? Every platform has particular limits and terms when it comes to providing interest on your coins. You are only able to make higher rates if you choose to get the interest in Celsius’s own utility token.

 

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 uses greater rewards for those who desire to receive the interest in the native NEXO tokens rather of the deposited currency. What you need to keep in mind is that platforms tend to adjust the rates from time to time, so you can’t really anticipate the genuine return from your deposits. Youhodler Customer Service

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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 find out that the platform is not lucrative. BlockFi is likewise financed by lots of institutional financiers and the platform is mainly targeting the US market. According to our research, it seems like he has relocated to Switzerland to launch his crypto loaning platform YouHodler in 2017.

 

At the start of January, Nexo had just $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 think is a bit of a steep growth even if we think about the hype in the crypto area. The 2nd co-founder of Nexo is Kosta Kantchev who likewise founded Credissimo, a Bulgarian payday loan business that obviously is financing Nexo. According to our current research, the executive board doesn’t even include 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 understood for the “abuse of clients cash”.

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in the media, he is typically only promoting crypto and anticipating prices but lacks any much deeper insights into the crypto loaning space or how Nexo is operating. That’s simply our impression from his Bloomberg talks. Also, Nexo is the only platform that provides interest on fiat. According to our understanding, you can not use interest on fiat deposits unless you have a banking license which Nexo definitely does not have. Despite the fact that we are not lawyers, we have a hard time to comprehend the legal setup under which Nexo is using its services. So now that we have actually reviewed a few of the performance history of the 4 discussed platforms, let’s briefly review the functionality of every crypto loaning site. Celsius has started as a native mobile app. The app is well established and it includes numerous 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 presently used rates. You can move and withdraw supported coins however there is no exchange, so if you do not transfer your cryptos from another wallet, you can buy them directly through the app. Note, nevertheless, that there might be charges for credit card purchases or SEPA transfers. Celsius Network supports currently 40 digital possessions. BlockiFi makes a less developed impression. The app is very simple therefore is the desktop variation of the platform. BlockFi supports currently just 10 digital currencies. The platform also uses a dedicated exchange so you can even trade them. We do not suggest this feature that much as the currency exchange rate are not the best. While the crypto loans on BlockFi are only available to U.S. people, the platform is also working on a Bitcoin benefits charge card which will be taking on the charge card from Crypto.com YouHodler uses a few of the most sophisticated services amongst the crypto loaning platforms. Presently, the platform supports 18 digital

 

currencies on which you are able to earn interest. YouHodler allows you to exchange in between different currencies or deposit fiat through bank wire or other supported payment services. The minimum deposit amounts are extremely low, so you don’t require to transfer hundreds of Dollars or euros to check the platform. The minimum deposit is around 50 EUR or USD worth of cryptocurrency. As YouHodler does not have a banking license, you can only earn interest on your crypto assets. Apart from making interest on your deposits or exchanging cryptos, YouHodler likewise provides you the option to borrow fiat money in exchange for security. The platform currently supports only loans in us euros or dollars. YouHodler is likewise one of the platforms with versatile loan terms and a maximum LTV of 90%. Apart from those services, YouHodler also offers two leveraging tools such as Turbocharged loans and Multi HODL, which are suitable for more opportunistic financiers. As the functionality of those features surpasses this video, you can discover how it operates in our devoted youhodler evaluation on p2pempire. Nexo’s functionality resembles Celsius Network. Nexo is also using its utility tokens to offer better rates on loans, greater interests on crypto and fiat deposits, or more free withdrawals each month. If you decide to stake your coins or fiat, indicating you lock your possessions for a defined term, you can get a greater interest rate. Like BlockFi, Nexo also uses you to buy, or exchange crypto if you want to hold your possessions in different currencies. Now you have a truly solid idea of what every crypto financing platform is offering. What you should 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 possessions might get compromised either by 3rd parties or by the platform itself. It’s like depositing your crypto on the exchange – if you do not own the keys, the coin isn’t technically yours anymore. Platforms like Celsius and BlockFi are really clear about the truth that you Youhodler Customer Service

 

The only way to secure your crypto is to save it on a devoted hardware wallet like this one from Trezor. The disadvantage of this strategy is that you will just benefit from the increased worth of your coin however not the interest on your deposits, which is something you can do on one of the crypto lending platforms. Based on our in-depth comparison, let’s have a look at our independent ratings of every classification for every platform.