Youhodler Là Gì 2021 – Crypto Loans

Yes so… Youhodler Là Gì…A number of you have requested a contrast between Celsius, BlockFi, YouHodler, and Nexo which are all platforms that permit you to earn 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 reliability and performance history, use of their apps and we will likewise talk about some of the threats that you need to consider when transferring your crypto on one of these platforms. We will also assemble the contrast with our independent rating of the just-mentioned categories for every platform. So keep watching up until the end to learn how we scored specific platforms. if you are brand-new to this channel and your objective is to become a more informed P2P investor

 

consider subscribing and struck the like button to see more material like this in the future. So let’s first provide you a brief introduction to every platform prior to we dive deeper into the comparison. 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 utilizing 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 offers its services worldwide, nevertheless, they are currently not providing loans in the United States due to regional guidelines. BlockFi is the biggest

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rival to Celsius Network. The US-based company has trading and financing licenses in various US states. , if you are looking for a wealth-management app for your crypto properties BlockFi is definitely worth considering.. The platform offers crypto-backed loans in 47 US states and their crypto interest account is available around the world with exception of approved countries. YouHodler is most likely the most legitimate crypto lending platform in Europe. The company is registered in Cyprus, with a devoted branch in Switzerland. YouHodler provides extremely competitive rates on your crypto possessions along with numerous other features which you will not discover on any other platforms. The platform is available in many nations with the exception of Germany and the U.S.A.. So if you live in the states, you will not have the ability to use YouHodler’s services. Nexo is another European platform that provides crypto lovers the alternative to make interest not only on their coins but also fiat deposits. Nexo remains in truth, among only 2, to us known, crypto lending platforms that provide interest on fiat deposits. The platform offers its services worldwide, with exception of Bulgaria and Estonia. So now that you have a quick introduction of every platform

 

And the platform is likewise preparing to launch a BlockFi credit card which will generate another earnings 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 organization model as the platform does not have A dedicated area about

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this on their website. Now let’s talk about the returns. If you are watching this video, you want to generate income by transferring your coins on among the platforms right? Before we compare the rates, there are a few things that you need to consider however. Every platform has certain limits and terms when it concerns providing interest on your coins. So for instance, Celsius Network changes the rates weekly to show the existing market scenario. Also, you are only able to earn 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 residents. If you would not want to pay 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 rate of interest 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 presently at

 

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 offers higher benefits for those who want to receive the interest in the native NEXO tokens instead 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 truly predict the genuine return from your deposits. Youhodler Là Gì

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paid out more than $367 M worth of rewards. While we haven’t managed to get answers to our questions, 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 monetary 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 the business development area instead of the fintech space. BlockFi is likewise financed by many institutional investors and the platform is primarily targeting the US market. While you can use the crypto interest account worldwide, the crypto loans are readily available Just for U.S citizens as BlockFi has the necessary financing licenses only in the U.S. , if you want to examine BlockFi’s stats you won’t be pleased as there are none offered.. Some external sources recommend that there are more than 125,000 signed up users, however, we were not able to verify any of those claims directly with BlockFi. YouHodler is founded by Ilya Volkov, who brings previous experience from the fintech area in Russia. According to our research study, it appears like he has actually relocated to Switzerland to launch his crypto loaning platform YouHodler in 2017. I know that YouHodler has been applauded by some of you in the comments on previous videos, regrettably, the platform isn’t publicly exposing any financial reports, nor statistics about their user base or assets under YouHodler’s management. This is something you need to definitely consider when utilizing YouHodler. Moving on to Nexo. Nexo declares 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 start of January, Nexo had only $4B under its management from 1 M users, now five months later, the platform declares to handle $12B from 1.5 M users, which we think is a bit of a high development even if we consider the buzz in the crypto space. The 2nd co-founder of Nexo is Kosta Kantchev who also founded Credissimo, a Bulgarian payday loan company that apparently is financing 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 formerly the executive director at TrustBuddy, a Swedish p2p lending platform, which is understood for the “misuse of customers cash”.

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Nexo is the only platform that uses interest on fiat. Now that we have actually reviewed some of the track records of the 4 mentioned platforms, let’s briefly go over the functionality of every crypto loaning website. 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 completing with the credit card from Crypto.com YouHodler uses some of the most advanced services among the crypto loaning platforms.

 

YouHodler is also one of the platforms with versatile loan terms and an optimum LTV of 90%. Now you have an actually solid concept of what every crypto loaning platform is using. What you must consider however, is that as quickly as you transfer your crypto on any platform, you are not owning your private secrets any longer and your assets may get compromised either by third parties or by the platform itself. Youhodler Là Gì

 

The only method to protect your crypto is to store it on a devoted hardware wallet like this one from Trezor. The drawback of this technique 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 thorough comparison, let’s have a look at our independent ratings of every classification for every platform.