Find Youhodler Log In – Loans

Looking for Youhodler Log In…Much of you have asked for 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 business model of individual platforms, the return rates, the credibility and track record, use of their apps and we will also talk about a few of the dangers that you need to think about when transferring your crypto on one of these platforms. We will likewise round up the comparison with our independent ranking of the just-mentioned classifications for every platform. So keep watching till completion to learn how we scored private platforms. if you are brand-new to this channel and your goal is to end up being a more educated P2P financier

 

consider subscribing and hit the like button to see more material like this in the future. Let’s very first give you a short intro to every platform prior to we dive deeper into the comparison. Celsius Network is the fastest-growing crypto financing platform in the world, 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 overall, Celsius manages more than $17 B worth of possessions. The platform provides its services worldwide, however, they are currently not providing loans in the United States due to local regulations. BlockFi is the largest

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The platform provides 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 provides crypto lovers the option to make interest not just on their coins however likewise fiat deposits. Nexo is in fact, one of only 2, to us known, crypto lending platforms that provide interest on fiat deposits.

 

let’s speak about how they make money in the first place. Celsius makes cash from the interest they charge to the borrowers which are either retail debtors or organizations, they also make cash from their CEL token which is an energy token that you can use to increase your benefits on Celsius Network. Another income stream is the rehypothecation which implies that Celsius uses the security from the borrowers and deploys it in order to generate extra earnings. BlockFi is likewise earning money through the interest that is being credited borrowers. The platform also charges a 2% origination fee for anyone who desires to take a loan. Another income stream is BlockFi’s exchange feature. When exchanging currencies, the platform makes cash from the spread. BlockFi also charges withdrawal costs after your one totally free withdrawal monthly. And the platform is also planning to launch a BlockFi credit card which will produce another income stream. YouHodler is also generating income from the interest credited customers. In addition to that, there is a little withdrawal charge and costs for additional services such as the Multi HODL tool, which is a function that lets you utilize your crypto possessions in exchange for potential returns. Like all the other platforms, Nexo likewise takes a cut from the interest that is being paid by the debtors. Nexo also makes revenues with their Nexo token. That’s at least our interpretation from Nexo’s service model as the platform does not have A devoted section about

money fees on celsius services priced about stablecoins  profit margin Youhodler Log In

this on their website. Now let’s discuss the returns. If you are viewing this video, you want to make money by depositing your coins on one of the platforms? Before we compare the rates, there are a couple of things that you need to consider however. Every platform has particular limitations and terms when it pertains to offering interest on your coins. So for instance, Celsius Network alters the rates each week to reflect the present market scenario. You are only able to make greater rates if you choose to receive the interest in Celsius’s own utility token. The greater benefit rates are likewise not readily available for US people. If you would not wish to pay out your rewards in the CEL token, you can currently expect to get 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 on the number of your assets. The more bitcoin or ethereum you deposit, the less interest you will receive. The interest rate for Ethereum varieties in between 0.5% and 4.5%, the rate for bitcoin is between 0.5% and 5%, and the rate for the two stablecoins is currently at

 

9% per year. What deserves pointing out is that if you want to conserve some costs, and bring more stability into your crypto interest account, you can also deposit the Binance USD coin for which you will not require to pay the hefty gas cost, as the currency operates on the Binance Smart Chain with way lower costs in comparison to stablecoins that run on the ethereum network. The Binance USD coin is presently only supported on Celsius Network and BlockFi. YouHodler provides presently the most competitive rates for your USDC coins without the need to stake the platform’s own energy tokens. 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 offers higher rewards for those who want to receive 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 ought to keep in mind is that platforms tend to adjust the rates from time to time, so you can’t truly forecast the real return from your deposits. Likewise, remember that by transferring your crypto, the value of the currency might reduce Which will make it hard for you to liquidate your assets if that’s something you would otherwise think about. So now, that you understand the returns let’s briefly review the reliability of the platforms and their track record. Celsius Network is most likely the most legitimate platform in this space. The founder Alex Mashinsky is a widely known entrepreneur. Before introducing the Celsius network, he has actually 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 development and examine some of the stats. As we are recording this video, there are over 650,000 users and the platform is managing $17 billion worth of properties. Alone in the last 12 months, Celsius has Youhodler Log In

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paid more than $367 M worth of benefits. While we have not managed to get answers to our concerns, the CEO does hold a weekly AMA session where he is attending to the most frequently asked questions, which is something rather rare in this area. 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 rewarding. BlockFi is co-founded by Zac Prince and Flori Marquez. The CEO Zac Prince has more experience within business advancement area rather than the fintech area. BlockFi is likewise financed by many institutional financiers and the platform is primarily targeting the US market. While you can utilize the crypto interest account worldwide, the crypto loans are available Only for U.S citizens as BlockFi has the necessary financing licenses just in the U.S. If you wish to inspect BlockFi’s data you will not enjoy as there are none offered. Some external sources suggest that there are more than 125,000 signed up users, nevertheless, we were not able to validate any of those claims straight with BlockFi. YouHodler is founded by Ilya Volkov, who brings previous experience from the fintech space in Russia. According to our research, it looks like he has transferred to Switzerland to launch his crypto lending platform YouHodler in 2017. I understand that YouHodler has actually been applauded by some of you in the talk about previous videos, unfortunately, the platform isn’t publicly exposing any financial reports, nor statistics about their user base or properties under YouHodler’s management. This is something you need to certainly consider when using YouHodler. Carrying on to Nexo. Nexo claims to manage $12 B worth of assets from more than 1.5 M of users. If this is proper, it would indicate that Nexo is two times as big in terms of user base as Celsius with a much lower average

 

deposit amount as compared to the users on the Celsius Network. We are not thrilled about Nexo’s reporting standards as we have actually mentioned together with other red flags in our previous video. Also, at the beginning of January, Nexo had only $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 believe is a little bit of a high 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 on our research, Antoni was a Bulgarian political leader with experience in the style Retail market. On his LinkedIn profile, he describes Nexo as the leading managed banks for digital assets. I would be actually interested by whom Nexo is regulated, as the company doesn’t have a loaning license in Estonia, where they are a legal entity Nexo Solutions OU is based. Throughout our research, we discovered connections to Bulgaria, Estonia, the UK, and the Cayman Islands but their legal address is no place to be discovered on the website. The 2nd co-founder of Nexo is Kosta Kantchev who also founded Credissimo, a Bulgarian payday loan company that obviously is funding Nexo. According to our current research, 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 formerly the executive director at TrustBuddy, a Swedish p2p loaning platform, which is understood for the “abuse of customers money”. When evaluating some of Nexo’s comments from the CEO

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Nexo is the only platform that provides interest on fiat. Now that we have actually evaluated some of the track records of the four discussed platforms, let’s briefly go over the functionality of every crypto lending site. While the crypto loans on BlockFi are just readily available to U.S. residents, the platform is also working on a Bitcoin benefits 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.

 

currencies on which you are able to make interest. YouHodler allows you to exchange in between various currencies or deposit fiat through bank wire or other supported payment services. The minimum deposit quantities are extremely low, so you do not need to transfer numerous Dollars or euros to evaluate 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 assets. Apart from making interest on your deposits or exchanging cryptos, YouHodler also provides you the choice to obtain fiat money in exchange for collateral. The platform presently supports only loans in us dollars or euros. YouHodler is likewise one of the platforms with versatile loan terms and a maximum LTV of 90%. Apart from those services, YouHodler also uses 2 leveraging tools such as Turbocharged loans and Multi HODL, which are suitable for more opportunistic investors. As the functionality of those functions goes beyond this video, you can discover how it works in our dedicated youhodler review on p2pempire. Nexo’s usability is similar to Celsius Network. Nexo is also using its utility tokens to use better rates on loans, higher interests on crypto and fiat deposits, or more free withdrawals each month. If you choose to stake your coins or fiat, implying you lock your assets for a specified term, you can get a greater interest rate. Like BlockFi, Nexo also uses you to buy, or exchange crypto if you wish to hold your properties in different currencies. Now you have a really solid idea of what every crypto financing platform is offering. What you should consider however, is that as soon as you transfer your crypto on any platform, you are not owning your personal secrets anymore and your possessions might get jeopardized either by third parties or by the platform itself. It resembles depositing your crypto on the exchange – if you don’t own the secrets, the coin isn’t technically yours any longer. Platforms like Celsius and BlockFi are very clear about the truth that you Youhodler Log In

 

give up your ownership of the assets as long as you hold them in the platform’s wallet. The only way to safeguard your crypto is to keep it on a devoted hardware wallet like this one from Trezor. That’s the best way to keep your cryptos safe. The drawback of this strategy is that you will just take advantage of the increased value of your coin but not the interest on your deposits, which is something you can do on among the crypto lending platforms. As with any investment, it always comes down to the danger and return and your threat profile. Based on our in-depth contrast, let’s have an appearance at our independent ratings of every classification for every platform. Note, that we have actually assigned the rankings based on our own research. One represents the lowest rating while five represent the greatest score. Within business model category.