Youhodler 30M Valar Ventures 2021 – Crypto Loans

Yes so… Youhodler 30M Valar Ventures…Numerous of you have actually asked for a comparison between Celsius, BlockFi, YouHodler, and Nexo which are all platforms that enable you to earn interest on your cryptocurrencies and stablecoins. As requested, in this video, we will be comparing the organization design of private platforms, the return rates, the credibility and track record, functionality of their apps and we will also talk about some of the threats that you must consider when depositing your crypto on one of these platforms.

 

consider subscribing and struck the like button to see more material like this in the future. Let’s very first provide you a brief introduction to every platform prior to we dive deeper into the contrast. Celsius Network is the fastest-growing crypto financing platform worldwide, which was founded in 2017 by Alex Mashinsky. Currently, 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 uses its services worldwide, nevertheless, they are currently not issuing loans in the United States due to local policies. BlockFi is the biggest

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rival to Celsius Network. The US-based business has trading and lending licenses in various US states. , if you are looking for a wealth-management app for your crypto properties BlockFi is certainly worth thinking about.. The platform provides crypto-backed loans in 47 US states and their crypto interest account is readily available worldwide with exception of sanctioned nations. YouHodler is likely the most genuine crypto lending 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 along with numerous other features which you will not find on any other platforms. The platform is offered in numerous countries with the exception of Germany and the USA. 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 enthusiasts the choice to make interest not only on their coins however also fiat deposits. Nexo remains in reality, one of only two, to us known, crypto lending platforms that provide interest on fiat deposits. The platform provides its services worldwide, with exception of Bulgaria and Estonia. So now that you have a short summary of every platform

 

let’s talk about how they make money in the first place. Celsius makes cash from the interest they charge to the debtors which are either retail debtors or organizations, they likewise make money 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 suggests that Celsius uses the collateral from the customers and releases it in order to produce extra income. BlockFi is likewise making money through the interest that is being credited debtors. The platform likewise charges a 2% origination fee for anybody who desires to take a loan. Another earnings stream is BlockFi’s exchange feature. The platform makes money from the spread when exchanging currencies. BlockFi likewise charges withdrawal costs after your one complimentary withdrawal per month. And the platform is likewise preparing to launch a BlockFi charge card which will produce another income stream. YouHodler is also making money from the interest credited customers. There is a small withdrawal charge and charges for extra services such as the Multi HODL tool, which is a feature that lets you take advantage of 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 borrowers. Nexo likewise makes profits with their Nexo token. That’s at least our interpretation from Nexo’s service model as the platform does not have A dedicated area about

money fees on celsius services priced about stablecoins  profit margin Youhodler 30M Valar Ventures

this on their site. Now let’s talk about the returns. If you are viewing this video, you desire to make cash by transferring your coins on one of the platforms? Prior to we compare the rates, there are a couple of things that you must think about however. Every platform has specific limits and terms when it comes to using interest on your coins. For example, Celsius Network alters the rates every week to reflect the existing market scenario. You are only able to earn higher rates if you choose to receive the interest in Celsius’s own energy token. The higher benefit rates are also not readily available for US people. If you would not want to pay your benefits in the CEL token, you can presently 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 variety of your properties. The more bitcoin or ethereum you deposit, the less interest you will get. The interest rate for Ethereum varieties in between 0.5% and 4.5%, the rate for bitcoin is in between 0.5% and 5%, and the rate for the two stablecoins is presently at

 

9% per year. What deserves mentioning is that if you wish to save some charges, and bring more stability into your crypto interest account, you can likewise transfer the Binance USD coin for which you will not need to pay the large gas charge, as the currency works on the Binance Smart Chain with way lower costs in contrast to stablecoins that operate on the ethereum network. The Binance USD coin is presently just 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 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 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 should keep in mind is that platforms tend to adjust the rates from time to time, so you can’t truly forecast the genuine return from your deposits. Also, keep in mind that by transferring your crypto, the value 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 mindful of the returns let’s briefly review the reliability of the platforms and their track record. Celsius Network is most likely the most genuine platform in this space. The founder Alex Mashinsky is a well-known entrepreneur. Before launching the Celsius network, he has actually co-founded three startups worth more than $1 Billion each. On the Celsius App, you are likewise able to keep track of the development and examine some of the data. As we are taping 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 Youhodler 30M Valar Ventures

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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 dealing with the most frequently asked questions, which is something rather uncommon in this area. 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 learn that the platform is not profitable 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 likewise financed by numerous institutional financiers and the platform is mainly targeting the US market. While you can utilize the crypto interest account worldwide, the crypto loans are available Only for U.S people as BlockFi has the necessary financing licenses just in the U.S. If you want to examine BlockFi’s data you will not be happy as there are none available. Some external sources recommend that there are more than 125,000 registered users, however, we were unable to validate 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, it appears like he has actually moved to Switzerland to launch his crypto loaning platform YouHodler in 2017. I understand that YouHodler has actually been applauded by a few of you in the talk about previous videos, sadly, the platform isn’t openly revealing any financial reports, nor stats about their user base or properties under YouHodler’s management. This is something you should certainly consider when using YouHodler. Carrying on to Nexo. Nexo claims to handle $12 B worth of assets from more than 1.5 M of users. It would mean that Nexo is two times as big in terms of user base as Celsius with a much lower average if this is correct

 

At the beginning of January, Nexo had only $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 think 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 likewise founded Credissimo, a Bulgarian payday loan company that obviously is financing Nexo. According to our recent research, 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 formerly the executive director at TrustBuddy, a Swedish p2p lending platform, which is understood for the “misuse of customers money”.

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Nexo is the only platform that offers interest on fiat. Now that we have reviewed some of the track records of the 4 mentioned 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 benefits credit card which will be contending with the credit card from Crypto.com YouHodler offers some of the most sophisticated services amongst the crypto loaning platforms.

 

currencies on which you are able to make interest. YouHodler permits 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 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 just make interest on your crypto properties. Apart from making interest on your deposits or exchanging cryptos, YouHodler also uses you the choice to borrow fiat money in exchange for security. The platform currently supports just loans in us dollars or euros. YouHodler is likewise among the platforms with versatile loan terms and an optimum 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 features exceeds this video, you can find out how it works in our devoted youhodler review on p2pempire. Nexo’s use resembles Celsius Network. Nexo is also utilizing its energy tokens to provide better rates on loans, greater interests on crypto and fiat deposits, or more complimentary withdrawals per 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 likewise offers you to buy, or exchange crypto if you want to hold your possessions in various currencies. Now you have an actually solid idea of what every crypto loaning platform is using. What you need to consider though, is that as soon as you transfer your crypto on any platform, you are not owning your private secrets any longer and your properties might get compromised either by 3rd parties or by the platform itself. It resembles transferring 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 very clear about the fact that you Youhodler 30M Valar Ventures

 

The only way to secure your crypto is to keep it on a devoted hardware wallet like this one from Trezor. The downside of this technique 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 scores of every category for every platform.