“Crypto-to-crypto Loans” 2021 – Crypto Loans

Yes so… “Crypto-to-crypto Loans”…Much of you have actually requested a contrast 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 the business design of specific platforms, the return rates, the trustworthiness and track record, functionality of their apps and we will also discuss a few of the threats that you ought to consider when depositing your crypto on among these platforms. We will also round up the contrast with our independent rating of the just-mentioned categories for every platform. Keep viewing till the end to find out how we scored individual platforms. If you are new to this channel and your goal is to end up being a more informed P2P financier,

 

Let’s first offer you a short intro to every platform prior to we dive deeper into the comparison. Celsius Network is the fastest-growing crypto loaning platform in the world, which was established in 2017 by Alex Mashinsky. The platform offers its services worldwide, however, they are currently not providing loans in the United States due to local policies.

youhodler crypto interest loans, platform for users

The platform uses crypto-backed loans in 47 US states and their crypto interest account is readily available around the world with exception of approved countries. Nexo is another European platform that provides crypto enthusiasts the alternative to earn interest not just on their coins but likewise fiat deposits. Nexo is in truth, one of just two, to us known, crypto loaning platforms that use interest on fiat deposits.

 

let’s speak about how they earn money in the first place. So Celsius generates income from the interest they charge to the customers which are either retail debtors or institutions, they also earn money from their CEL token which is an energy token that you can use to increase your rewards on Celsius Network. Another earnings stream is the rehypothecation which implies that Celsius uses the collateral from the customers and releases it in order to generate additional income. BlockFi is also generating income through the interest that is being charged to customers. In addition to that, the platform likewise charges a 2% origination cost for anyone who wishes to take a loan. Another income stream is BlockFi’s exchange function. When exchanging currencies, the platform makes money from the spread. BlockFi likewise charges withdrawal fees after your one free withdrawal monthly. And the platform is likewise planning to introduce a BlockFi credit card which will generate another earnings stream. YouHodler is likewise generating income from the interest charged to borrowers. In addition to that, there is a small withdrawal fee and fees for additional services such as the Multi HODL tool, which is a feature that lets you leverage your crypto possessions in exchange for prospective returns. Like all the other platforms, Nexo also takes a cut from the interest that is being paid by the borrowers. Nexo likewise makes profits with their Nexo token. That’s at least our analysis from Nexo’s company model as the platform doesn’t have A dedicated section about

money fees on celsius services priced about stablecoins  profit margin “Crypto-to-crypto Loans”

If you are enjoying this video, you desire to make money by transferring your coins on one of the platforms? Every platform has certain limitations and terms when it comes to using interest on your coins. You are only able to earn higher rates if you choose to get the interest in Celsius’s own energy token.

 

9% each year. What deserves discussing is that if you want to conserve some charges, and bring more stability into your crypto interest account, you can likewise deposit the Binance USD coin for which you will not need to pay the hefty gas fee, as the currency operates on the Binance Smart Chain with method lower charges in contrast to stablecoins that operate on the ethereum network. The Binance USD coin is currently only supported on Celsius Network and BlockFi. YouHodler provides currently the most competitive rates for your USDC coins without the requirement to stake the platform’s own utility 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 provides greater benefits for those who wish to get the interest in the native NEXO tokens instead of the deposited currency. The platform provides 6% for non-Nexo token holders on bitcoin and ethereum and 10% on the USDC coin. What you need to 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. Likewise, remember that by transferring your crypto, the worth of the currency might reduce Which will make it hard for you to liquidate your possessions if that’s something you would otherwise consider. Now, that you are conscious of the returns let’s briefly review the credibility of the platforms and their track record. Celsius Network is most likely the most genuine platform in this space. The creator Alex Mashinsky is a well-known business owner. Before launching the Celsius network, he has actually co-founded three startups worth more than $1 Billion each. On the Celsius App, you are also able to keep an eye on the progress and examine some of the statistics. As we are recording this video, there are over 650,000 users and the platform is handling $17 billion worth of properties. Alone in the last 12 months, Celsius has “Crypto-to-crypto Loans”

bitcoin amount of lending service with value feature trading

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 monetary report for 2020, where you will discover out that the platform is not rewarding. BlockFi is likewise financed by numerous institutional financiers and the platform is primarily targeting the United States market. According to our research, it seems like he has transferred to Switzerland to introduce his crypto lending platform YouHodler in 2017.

 

deposit amount as compared to the users on the Celsius Network. We are not excited about Nexo’s reporting standards as we have mentioned 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 on, the platform claims to handle $12B from 1.5 M users, which we believe is a bit of a steep development 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, Antoni was a Bulgarian politician with experience in the style Retail industry. On his LinkedIn profile, he explains Nexo as the leading managed banks for digital possessions. I would be truly interested by whom Nexo is controlled, as the business does not have a loaning 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 but their legal address is nowhere to be found on the site. The second co-founder of Nexo is Kosta Kantchev who likewise established Credissimo, a Bulgarian payday loan company that obviously is funding Nexo. According to our recent research, the executive board doesn’t even include Antoli, however only Kosta and 2 other gentlemen, from which one is William Arthur Vesilind who was formerly the executive director at TrustBuddy, a Swedish p2p lending platform, which is understood for the “abuse of customers money”. When examining some of Nexo’s remarks from the CEO

turbocharge  stablecoins crypto assets  coins investment profile

 

Nexo is the only platform that offers interest on fiat. Now that we have examined some of the track records of the 4 pointed out platforms, let’s briefly go over the functionality of every crypto lending site. While the crypto loans on BlockFi are just available to U.S. residents, the platform is likewise working on a Bitcoin rewards credit card which will be contending with the credit card from Crypto.com YouHodler provides some of the most sophisticated services amongst the crypto lending platforms.

 

YouHodler is also one of the platforms with versatile loan terms and an optimum LTV of 90%. Now you have an actually strong concept of what every crypto loaning platform is offering. What you must think about though, is that as soon as you transfer your crypto on any platform, you are not owning your personal secrets anymore and your assets might get jeopardized either by third celebrations or by the platform itself. “Crypto-to-crypto Loans”

 

quit your ownership of the assets as long as you hold them in the platform’s wallet. The only way to secure your crypto is to keep it on a dedicated hardware wallet like this one from Trezor. That’s the very best method to keep your cryptos safe. The disadvantage 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 among the crypto loaning platforms. As with any investment, it constantly comes down to the danger and return and your risk profile. Based on our thorough comparison, let’s have a look at our independent ratings of every classification for every platform. Keep in mind, that we have assigned the rankings based on our own research study. One represents the most affordable ranking while five stands for the highest rating. Within business design category.

Crypto-to-crypto Loans 2021 – Crypto Loans

Yes so… Crypto-to-crypto Loans…Many of you have requested 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 private platforms, the return rates, the reliability and track record, usability of their apps and we will likewise talk about some of the dangers that you ought to consider when transferring 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 give you a brief intro to every platform before we dive deeper into the contrast. Celsius Network is the fastest-growing crypto lending platform in the world, which was founded in 2017 by Alex Mashinsky. Currently, there are over 650,000 users using Celsius Network to make or take a crypto loan interest on their stablecoins and cryptocurrencies. In overall, Celsius manages more than $17 B worth of properties. The platform offers its services worldwide, however, they are presently not providing loans in the United States due to regional guidelines. BlockFi is the largest

youhodler crypto interest loans, platform for users

The platform provides crypto-backed loans in 47 US states and their crypto interest account is available around the world with exception of approved countries. Nexo is another European platform that provides crypto lovers the option to earn interest not just on their coins but likewise fiat deposits. Nexo is in truth, one of just 2, to us understood, crypto financing platforms that use interest on fiat deposits.

 

And the platform is also preparing to launch a BlockFi credit card which will generate another income stream. Like all the other platforms, Nexo also takes a cut from the interest that is being paid by the borrowers. That’s at least our interpretation from Nexo’s service design as the platform doesn’t have A devoted area about

money fees on celsius services priced about stablecoins  profit margin Crypto-to-crypto Loans

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

 

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 provides higher benefits for those who desire to receive the interest in the native NEXO tokens instead of the deposited currency. What you ought to 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. Crypto-to-crypto Loans

bitcoin amount of lending service with value feature trading

paid more than $367 M worth of rewards. While we haven’t managed to get answers to our concerns, the CEO does hold a weekly AMA session where he is addressing the most frequently asked questions, which is something rather rare in this space. The platform is not transparent when it pertains to sharing its financial reports, but with a little bit of digging, you can get your hands on the monetary 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 business development space instead of the fintech area. BlockFi is likewise financed by numerous institutional financiers and the platform is generally targeting the United States market. While you can utilize the crypto interest account worldwide, the crypto loans are offered Only for U.S people as BlockFi has the necessary lending licenses just in the U.S. If you wish to inspect BlockFi’s statistics you will not more than happy as there are none readily available. Some external sources suggest that there are more than 125,000 registered users, however, we were unable to confirm 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 actually relocated to Switzerland to introduce his crypto financing platform YouHodler in 2017. I know that YouHodler has been applauded by some of you in the discuss previous videos, unfortunately, the platform isn’t openly exposing any monetary reports, nor stats about their user base or possessions under YouHodler’s management. When using YouHodler, this is something you should definitely consider. Moving on to Nexo. Nexo declares to handle $12 B worth of properties from more than 1.5 M of users. If this is right, it would suggest that Nexo is two times as big in regards to user base as Celsius with a much lower average

 

At the start of January, Nexo had just $4B under its management from 1 M users, now five months later, the platform claims to handle $12B from 1.5 M users, which we believe is a bit of a steep development even if we think about the hype in the crypto area. The second co-founder of Nexo is Kosta Kantchev who also established Credissimo, a Bulgarian payday loan company that apparently is funding Nexo. According to our current research study, the executive board doesn’t even consist of Antoli, however only Kosta and two 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 customers cash”.

turbocharge  stablecoins crypto assets  coins investment profile

 

in the media, he is frequently only promoting crypto and anticipating costs but lacks any much deeper insights into the crypto loaning area or how Nexo is operating. That’s simply our impression from his Bloomberg talks. Likewise, Nexo is the only platform that provides interest on fiat. According to our knowledge, you can not use interest on fiat deposits unless you have a banking license which Nexo certainly does not have. Although we are not attorneys, we have a hard time to understand the legal setup under which Nexo is providing its services. Now that we have reviewed some of the track records of the four pointed out platforms, let’s briefly go over the functionality of every crypto lending website. Celsius has begun as a native mobile app. The app is well developed and it includes numerous security features such as the biometric scan, HODL mode, and 2FA. Right in the dashboard, you have the ability to see the number of assets you are holding and what are the currently provided rates. You can withdraw and transfer supported coins but there is no exchange, so if you don’t transfer your cryptos from another wallet, you can buy them straight through the app. Note, nevertheless, that there might be fees for credit card purchases or SEPA transfers. Celsius Network supports presently 40 digital properties. BlockiFi makes a less industrialized impression. The app is very basic therefore is the desktop variation of the platform. BlockFi supports currently only 10 digital currencies. The platform likewise offers a dedicated exchange so you can even trade them. We do not suggest this function that much as the currency exchange rate are not the very best. While the crypto loans on BlockFi are just available to U.S. citizens, the platform is also dealing with a Bitcoin rewards credit card which will be taking on the credit card from Crypto.com YouHodler provides a few of the most innovative services amongst the crypto loaning platforms. Currently, the platform supports 18 digital

 

currencies on which you are able to earn interest. YouHodler enables you to exchange between various currencies or deposit fiat through bank wire or other supported payment services. The minimum deposit amounts are very low, so you do not need to transfer hundreds of Euros or Dollars to test 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 possessions. Apart from earning interest on your deposits or exchanging cryptos, YouHodler likewise offers you the choice to borrow fiat money in exchange for collateral. The platform presently supports just loans in us euros or dollars. YouHodler is also one of the platforms with flexible loan terms and a maximum LTV of 90%. Apart from those services, YouHodler also uses two leveraging tools such as Turbocharged loans and Multi HODL, which are suitable for more opportunistic financiers. As the performance of those features surpasses this video, you can discover how it works in our dedicated youhodler review on p2pempire. Nexo’s use is similar to Celsius Network. Nexo is also utilizing its energy tokens to use much better rates on loans, greater interests on crypto and fiat deposits, or more free withdrawals monthly. Likewise if you choose to stake your coins or fiat, implying you lock your properties for a defined term, you can get a higher rate of interest. Like BlockFi, Nexo also provides you to buy, or exchange crypto if you want to hold your possessions in different currencies. Now you have an actually strong idea of what every crypto loaning platform is using. What you ought to consider though, is that as soon as you deposit your crypto on any platform, you are not owning your private secrets anymore and your assets might get compromised either by third parties or by the platform itself. It’s like transferring your crypto on the exchange – if you do not own the secrets, the coin isn’t technically yours any longer. Platforms like Celsius and BlockFi are really clear about the reality that you Crypto-to-crypto Loans

 

quit 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 save it on a dedicated 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 only gain from the increased worth of your coin however not the interest on your deposits, which is something you can do on among the crypto loaning platforms. As with any investment, it constantly comes down to the danger and return and your risk profile. So based on our in-depth comparison, let’s have a look at our independent rankings of every classification for every platform. Keep in mind, that we have actually appointed the ratings based on our own research. One represents the lowest ranking while five stands for the greatest rating. Within business design category.

“Crypto-to-crypto” Loans 2021 – Crypto Loans

Yes so… “Crypto-to-crypto” Loans…A number of you have actually requested 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 requested, in this video, we will be comparing business design of individual platforms, the return rates, the trustworthiness and track record, use of their apps and we will also discuss some of the risks 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 rating of the just-mentioned categories for each platform. Keep watching up until the end to find out how we scored specific platforms. If you are new to this channel and your goal is to end up being a more educated P2P financier,

 

consider subscribing and struck the like button to see more content like this in the future. So let’s first offer you a brief introduction to every platform prior to we dive deeper into the contrast. Celsius Network is the fastest-growing crypto loaning platform worldwide, which was founded in 2017 by Alex Mashinsky. Currently, there are over 650,000 users utilizing Celsius Network to earn or take a crypto loan interest on their stablecoins and cryptocurrencies. In total, Celsius manages more than $17 B worth of properties. The platform offers its services worldwide, nevertheless, they are currently not releasing loans in the United States due to local policies. BlockFi is the largest

youhodler crypto interest loans, platform for users

rival to Celsius Network. The US-based company has trading and loaning licenses in various US states. If you are trying to find a wealth-management app for your crypto properties BlockFi is definitely worth considering. The platform uses crypto-backed loans in 47 US states and their crypto interest account is offered around the world with exception of approved countries. YouHodler is likely the most legitimate crypto loaning platform in Europe. The business is registered in Cyprus, with a dedicated branch in Switzerland. YouHodler uses extremely competitive rates on your crypto assets along with several other functions which you will not find on any other platforms. The platform is available in lots of countries with the exception of Germany and the USA. So if you reside in the states, you won’t have the ability to utilize YouHodler’s services. Nexo is another European platform that provides crypto lovers the alternative to make interest not only on their coins however also fiat deposits. Nexo remains in reality, among only 2, to us understood, crypto lending platforms that offer interest on fiat deposits. The platform provides its services worldwide, with exception of Bulgaria and Estonia. Now that you have a brief summary of every platform

 

let’s speak about how they make money in the first place. So Celsius makes money from the interest they charge to the borrowers which are either retail customers or organizations, they also make money from their CEL token which is an energy token that you can use to increase your benefits on Celsius Network. Another earnings stream is the rehypothecation which suggests that Celsius utilizes the collateral from the borrowers and deploys it in order to create additional earnings. BlockFi is likewise earning money through the interest that is being charged to borrowers. In addition to that, the platform also charges a 2% origination charge for anyone who wishes to take a loan. Another earnings stream is BlockFi’s exchange function. The platform generates income from the spread when exchanging currencies. BlockFi also charges withdrawal charges after your one free withdrawal per month. And the platform is likewise planning to launch a BlockFi credit card which will produce another earnings stream. YouHodler is also generating income from the interest charged to debtors. There is a small withdrawal charge and charges for additional services such as the Multi HODL tool, which is a function that lets you utilize your crypto properties in exchange for possible returns. Like all the other platforms, Nexo also takes a cut from the interest that is being paid by the debtors. Nexo likewise makes revenues with their Nexo token. That’s at least our analysis from Nexo’s business design as the platform does not have A dedicated area about

money fees on celsius services priced about stablecoins  profit margin “Crypto-to-crypto” Loans

this on their site. Now let’s speak about the returns. If you are viewing this video, you want to make cash by transferring your coins on one of the platforms? Before we compare the rates, there are a few things that you need to think about. Every platform has certain limitations and terms when it pertains to offering interest on your coins. For example, Celsius Network changes the rates every week to show the present market circumstance. You are just able to make greater rates if you choose to receive the interest in Celsius’s own utility token. The greater reward rates are likewise not available for United States people. If you would not want to pay out your benefits 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 on the number of your possessions. The more bitcoin or ethereum you deposit, the less interest you will get. 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 currently at

 

9% each year. What’s worth discussing is that if you want to conserve some costs, and bring more stability into your crypto interest account, you can likewise deposit the Binance USD coin for which you will not require to pay the substantial gas charge, as the currency operates on the Binance Smart Chain with way lower charges in contrast to stablecoins that operate on the ethereum network. The Binance USD coin is currently just supported on Celsius Network and BlockFi. YouHodler offers currently the most competitive rates for your USDC coins without the need to stake the platform’s own energy tokens. You can earn 12% interest on your USDC holdings and the platform provides 5.5% on Ethereum and 4.8% on your bitcoin deposits. Nexo is another platform that offers greater rewards for those who want to get the interest in the native NEXO tokens instead of the deposited currency. The platform uses 6% for non-Nexo token holders on bitcoin and ethereum and 10% on the USDC coin. What you ought to remember is that platforms tend to adjust the rates from time to time, so you can’t actually forecast the real return from your deposits. Also, bear in mind that by depositing your crypto, the worth of the currency might decrease Which will make it hard for you to liquidate your properties if that’s something you would otherwise consider. Now, that you are conscious of the returns let’s briefly evaluation the credibility of the platforms and their track record. Celsius Network is most likely the most legitimate platform in this space. The creator Alex Mashinsky is a popular entrepreneur. Prior to releasing the Celsius network, he has co-founded three start-ups worth more than $1 Billion each. On the Celsius App, you are likewise able to keep track of the development and evaluate some of the data. As we are recording this video, there are over 650,000 users and the platform is handling $17 billion worth of assets. Alone in the last 12 months, Celsius has “Crypto-to-crypto” Loans

bitcoin amount of lending service with value feature trading

paid more than $367 M worth of rewards. While we haven’t 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 space. 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 monetary report for 2020, where you will learn that the platform is not rewarding yet. 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 also financed by many institutional financiers and the platform is mainly targeting the US market. While you can use the crypto interest account worldwide, the crypto loans are readily available Just for U.S people as BlockFi has the required loaning licenses just in the U.S. , if you want to inspect BlockFi’s stats you won’t be delighted as there are none offered.. Some external sources recommend that there are more than 125,000 signed up users, however, we were unable to verify any of those claims straight with BlockFi. YouHodler is founded by Ilya Volkov, who brings previous experience from the fintech area in Russia. According to our research study, it looks like he has actually transferred to Switzerland to introduce his crypto financing platform YouHodler in 2017. I understand that YouHodler has been applauded by some of you in the talk about previous videos, sadly, the platform isn’t openly exposing any financial reports, nor stats about their user base or properties under YouHodler’s management. When using YouHodler, this is something you need to certainly consider. Proceeding 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 appropriate

 

At the start of January, Nexo had just $4B under its management from 1 M users, now 5 months later, the platform declares to manage $12B from 1.5 M users, which we think is a bit of a steep development even if we consider the buzz in the crypto area. The 2nd co-founder of Nexo is Kosta Kantchev who likewise founded Credissimo, a Bulgarian payday loan company that apparently is funding Nexo. According to our current research, the executive board does not even include Antoli, however only Kosta and two other gentlemen, from which one is William Arthur Vesilind who was previously the executive director at TrustBuddy, a Swedish p2p loaning platform, which is known for the “abuse of customers cash”.

turbocharge  stablecoins crypto assets  coins investment profile

 

in the media, he is typically only promoting crypto and predicting prices however lacks any deeper insights into the crypto loaning space or how Nexo is running. But that’s simply our impression from his Bloomberg talks. Likewise, Nexo is the only platform that provides interest on fiat. According to our understanding, you can not provide interest on fiat deposits unless you have a banking license which Nexo certainly does not have. Even though we are not legal representatives, we have a hard time to comprehend the legal setup under which Nexo is using its services. So now that we have actually reviewed some of the track records of the four pointed out platforms, let’s briefly review the use of every crypto financing website. Celsius has actually started as a native mobile app. The app is well developed and it includes numerous security functions such as the biometric scan, HODL mode, and 2FA. Right in the control panel, you have the ability to see the number of assets you are holding and what are the currently offered rates. You can withdraw and transfer supported coins but there is no exchange, so if you do not deposit your cryptos from another wallet, you can acquire them straight through the app. Note, however, that there might be fees for charge card purchases or SEPA transfers. Celsius Network supports presently 40 digital assets. BlockiFi makes a less developed impression. The app is very simple and so is the desktop version of the platform. BlockFi supports currently just 10 digital currencies. The platform also provides a dedicated exchange so you can even trade them. We do not advise this feature that much as the currency exchange rate are not the best. While the crypto loans on BlockFi are just available to U.S. people, the platform is likewise dealing with a Bitcoin benefits charge card which will be taking on the charge card from Crypto.com YouHodler provides a few of the most sophisticated services among the crypto lending platforms. Currently, the platform supports 18 digital

 

YouHodler is likewise one of the platforms with versatile loan terms and a maximum LTV of 90%. Now you have a really solid concept of what every crypto financing platform is using. What you need to think about though, is that as soon as you transfer your crypto on any platform, you are not owning your personal keys anymore and your assets might get jeopardized either by third celebrations or by the platform itself. “Crypto-to-crypto” Loans

 

The only method to safeguard your crypto is to save it on a devoted 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 loaning platforms. Based on our extensive comparison, let’s have a look at our independent ratings of every category for every platform.